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Developers outline $300M-plus buildout at Hyde Park as council introduces bond authorizations
Summary
Developers and city staff told the Noblesville City Council the Hyde Park development has advanced infrastructure and early phases are under construction; council introduced several bond ordinances and an allocation-area resolution that would pledge tax increment to fund developer purchase bonds.
Developers and city staff offered an update on the Hyde Park mixed-use project at the Nov. 4 Noblesville City Council meeting and the council introduced multiple bond ordinances to support next phases.
Steve Ball, president of MAB Capital Investments and Bedrock Builders, said site earthwork and regional detention are complete, water lines and lift stations are operational and cut-and-fill activities are finished. He said the 141st Street connection and the bridge over Sand Creek are about 40% complete and that the team plans to apply to FEMA for the bridge permit within about 60 days; if FEMA approval proceeds on schedule the bridge construction would begin roughly a year later and could be open by Dec. 31, 2027.
Ball listed projects now moving…
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