The proposed North of North development at Lantern Road and North Street downtown received approval from the Fishers City Council Monday for $16.4 million in incentives to build a $41.5 million, 3.8 acre project in the Nickel Plate District. The only council “no” vote came from Councilman Rich Block, who voiced concern about the size of the incentive package.
Mayor Scott Fadness said the level of incentives for these projects has been moving down, a point several other council members voiced during discussion of the project. North of North will feature mixed use development, allowing people to live where they work.
RQAW is moving its headquarters to a new $4 million structure that is part of the North of North package.
A parking garage with over 500 spaces is planned as part of the complex.
Tax Increment Financing will be used to fund the parking garage, land and infrastructure improvements.
Developers told council members that construction should be completed by spring or summer of 2018.
The council considered a number of other items at the June 20th session:
–Final approval was given to the city’s comprehensive plan, named Fishers 2040.
–Council members approved a new ordinance taking advantage of a new state law allowing more alcohol permits. A special census underway in Fishers could add even more alcoholic beverage licenses in the city.
–Approved a rezoning for the proposed TopGolf facility near I-69 & 116th Street.
–Several items were heard on first reading and will go to the Plan Commission as the next step. They include a 20-unit housing complex at the Fuel Tank hockey rink and changes to the Piper Glen development at Britton Falls.
–Council members voted to deny a proposed modification to a specific TIF loan agreement, but also tabled the matter for consideration at the next meeting so those asking for the modification may come to the council meeting and explain their case.
–Two Fishers High School groups were recognized by the council – We the People and the Rugby team.
–3 new police officers were sworn-in before the council. They were Jonathan Dossey, Brianna Guy, Dynesha Harris.
