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Indianapolis: A Downtown Revitalization Success Story

<p>Using public-private partnerships, the city has successfully attracted new housing and commercial development to its core.</p>
May 28, 2007, 1pm PDT | Christian Madera | @cpmadera
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"It's hard to find a city of close to a million population where its core area is being revitalized as much as Indianapolis.

As a result, many cities across the country are looking to Indianapolis as a downtown renewal model.

It's easy to see why. In the past 15 years, Indianapolis has invested more than $6 billion of public and private funds in a host of downtown projects. More development is on the way -- again through public and private partnerships -- since an additional $3.2 billion in construction and renovation efforts are on the drawing board.

By the time these projects are completed in 2110, the cumulative downtown investments spanning 20 years should surpass the $9 billion mark. These investments have involved a host of wide-ranging projects -- the likes of new shopping, restaurant, cultural and entertainment facilities, new and extensive business locations and relocations, high-end hotel projects, classic sporting venues, plus all-important living units. There's also a downtown convention center that's expanding to meet a growing need."

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Published on Friday, May 25, 2007 in Post-Bulletin
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