The long awaited development of Market Square Arena in Indy moved a humble step forward on Monday when city officials received six proposals for the development for the Market Square Area site. The proposals include condos and mixed residential and retail spaces.
“We know there is a lot of interest. We have already been approached with some interesting ideas.But, make no mistake, I want to be bold,” stated Indianapolis Mayor Gregory A. Ballard in his annual address a few weeks ago. And bold is what looks like it is in the work for Indy residents. There is even a 52 story skyscraper to be considered as city officials decide what to do with the Market Square Arena.
Market Square Area used to be the home to NBA's Indiana Pacers for 25 years where it seated 16,530 fans. It also was the final location Elvis Presley performed before his death in 1977 and now the property is currently being used for parking.
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