Post by Logan on May 7, 2016 2:19:01 GMT -6
MUNCIE — The city's ambitious, $48 million plan to develop a riverfront district downtown is on hold for lack of funding.
Mayor Dennis Tyler had hoped to attract developers and businesses to a swath of White River near City Hall in a project that not only included the Liberty Pass canal — a scenic stormwater feature that opened last year — but commercial and residential buildings and even a pedestrian bridge across White River.
But weeks after the city had asked for requests for proposals (RFPs) from potential developers, a city official told The Star Press on Thursday that the project is on hold.
The city did receive some proposals, Muncie Redevelopment Commission director Todd Donati said, "But those were suspended."
Read more: www.thestarpress.com/story/news/local/2016/05/05/muncies-48m-riverfront-project-hold/83847248/
Mayor Dennis Tyler had hoped to attract developers and businesses to a swath of White River near City Hall in a project that not only included the Liberty Pass canal — a scenic stormwater feature that opened last year — but commercial and residential buildings and even a pedestrian bridge across White River.
But weeks after the city had asked for requests for proposals (RFPs) from potential developers, a city official told The Star Press on Thursday that the project is on hold.
The city did receive some proposals, Muncie Redevelopment Commission director Todd Donati said, "But those were suspended."
Read more: www.thestarpress.com/story/news/local/2016/05/05/muncies-48m-riverfront-project-hold/83847248/