Bonds approved for new Market Square Arena project

(WISH Photo/Gary Gallinger)

INDIANAPOLIS (WISH) – Indianapolis may finally see something go up where the old Market Square Arena used to be.

Monday night, a committee of the City-County Council approved a proposal to issue bonds to help pay for a project on the property, downtown.

The project is designed to be a 28 story building with luxury apartments, retail space and a parking garage.

The proposal says: up to 23 million dollars may be raised through this bond issue.

Now, the plan goes to the full council for a final vote. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

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