Abandoned commercial sites have historically been a tough sell for redevelopment due to unknown environmental conditions, among other challenges. Renew Indianapolis has stepped in to address the issues involved with these sites with the hopes of raising the visibility, securing more investment and ultimately increasing job growth in target areas.
In 2018, Renew intervened more aggressively in the commercial sector with a new geographic and organizational focus and created the first commercial land bank for Marion County. Renew is working with the City of Indianapolis Department of Metropolitan Development and Treasurer to bring tax-delinquent commercial properties in target areas back into private ownership and active use. We have created a one-stop, single source for target sites, critical for matchmaking with commercial brokers.