Project Newsroom

RACER, City See New Downtown Riverfront

Inside Indiana Business
January 17, 2017


The city of Indianapolis and the Michigan-based RACER Trust have big hopes for the former downtown GM Stamping Plant site, and are moving forward with what they expect to be transformative redevelopment of the prominent property. RACER Redevelopment Manager Bruce Rasher says the trust plans to issue a call for offers in the next few weeks for the more than 100-acre site. RACER and the city say they are looking for developers that will capitalize on the White River to create a development, potentially including residential, commercial and outdoor recreational space.


Developers Lay Out Plans for Old GM Stamping Plant Near White River

Fox 59 News
January 17, 2017


City officials, planners and a consultant unveiled their broad plans for redevelopment of the former General Motors Stamping Plant site on Oliver Street near the west bank of the White River.


GM Site Owner Seeks Offers
That Match Neighborhood
Wish List

The Indianapolis Star
January 17, 2017


Memo to developers that want to take on the former General Motors stamping plant in Indianapolis: You better have a plan that gives people access to the White River.


City's Vision Would Relink GM Property to Downtown

Indianapolis Business Journal
January 14, 2017


An iconic architectural landmark that would be a destination and create a gateway to downtown is one of several features city officials want as part of a redevelopment of the former General Motors stamping plant site.


GM Stamping Plant Site Going Back on Block

Indianapolis Business Journal
December 24, 2016


The owner of the former General Motors stamping plant property plans to solicit bids for the site as early as next month and is expecting proposals to be much bolder than previous pitches.


TIF Strategy Shows Savvy

Indianapolis Business Journal
December 10, 2016


We, like all taxpayers, would like to see more development occur in central Indiana without the need for so-called TIF districts.

City Shifts More TIF Risk Onto Developers

Indianapolis Business Journal
December 10, 2016


The city of Indianapolis is putting a new twist on TIF financing to spur real estate projects that would benefit neighborhoods but lack the transformative potential of big downtown projects.


City-County Council Votes to Expand Downtown TIF District

Indianapolis Business Journal
December 5, 2016


The Indianapolis City-County Council on Monday night approved two proposals that will expand the downtown tax-increment-financing district.


Plans to Develop Old GM Site Get Boost

December 5, 2016


Plans to develop the old GM stamping plant on the southwest side of the city are getting a boost.

Council Committee Approves Expanding Downtown TIF

Indianapolis Business Journal
November 21, 2016


An Indianapolis City-County Council committee voted unanimously Monday night to expand the downtown tax-increment-financing district with the goal of incentivizing development in two areas: the former General Motors stamping plant property and the Market East District.

With Eye on Surrounding Neighborhoods, City Pushes to Expand Downtown TIF

October 4, 2016


Mayor Joe Hogsett is proposing a major expansion of a Downtown Indianapolis redevelopment district that city planners believe could be transformative not only for Downtown, but also for the struggling neighborhoods surrounding it.


Former GM Plant is Opportunity for City

Indianapolis Business Journal
September 3, 2016


Rarely does a major American city have the type of development opportunity now before the city of Indianapolis. With the help of residents and neighborhood leadership, the City-County Council, business leaders and the market, we intend to take full advantage and achieve an outcome of which all of us will be proud.


Ex-GM Site Attracting 'Intense' Interest

Indianapolis Business Journal
July 2, 2016


The entity tasked with marketing the former General Motors stamping plant site is moving quickly to get the 102-acre downtown property back on the market to capitalize on strong interest from prospective developers.