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Downtown Commerical Property Owners Economic Improvement District Forum

March 24, 2017 3:57 PM | Anonymous member (Administrator)

Brad Segal of Progressive Urban Management Associates also known as P.U.M.A presented two sessions on Thursday, March 23rd to many downtown Indianapolis building owners and the property managers.  In partnership with Downtown Indy, Mr. Segal presented a case for continued investment in the Mile Square.  The EID or Economic Improvement District will provide "enhanced improvements and activities, such as public safety, maintenance and image enhancement."  The proposed annual assessment for properties within the service for commercial property is 0.125 per $100 of assessed property value.  Residential parcels would see a $100 annual fee per unit.  You can find more information here.

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