74 former ISU lots north of campus go up for sale with a $6,500-per-lot infrastructure incentive
Who it touches: If you live near the ISU footprint north of campus, this is the city's plan to get new construction on land that's sat vacant since the university consolidated — comparable property values there have been low, which Thrive says has made developers hesitant to be first.
The city has 74 buildable lots for sale — land Indiana State University gave up as it consolidated its campus, roughly bounded by 3rd Street, 13th Street, and Locust Street north of campus.
Each lot costs $4,000 to purchase, and the city is offering a $6,500 infrastructure incentive per lot to help cover sewer, driveway, sidewalk, and water-line work.
Sources
- Lot boundaries confirmed, 27:420:27:42 (27 minutes 42 seconds)
- Purchase price and ARPA infrastructure incentive explained, 28:210:28:21 (28 minutes 21 seconds)
- Neighborhood boundaries described, 27:080:27:08 (27 minutes 8 seconds)
- First developer working with Thrive, 11:440:11:44 (11 minutes 44 seconds)
Outcome
Active program, not a council vote; first developer in the pipeline
No council vote was taken; this is a city redevelopment program already underway. Thrive is working with a first developer expected to bring a project to the redevelopment commission soon.
This summary was drafted with AI assistance and reviewed by an editor against the recording and documents linked above. Nothing publishes without a resolvable source.