Business leaders propose major cuts to clean up Indianapolis Public Schools

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INDIANAPOLIS — In a detailed report released Monday, business leaders from across the city proposed major changes to Indianapolis Public Schools in an effort to turn the struggling district around.

The report, compiled by the Indy Chamber, is part of a larger partnership between the business community and IPS under new Superintendent Dr. Lewis Ferebee.

“Businesses enjoy environments where there’s a successful and thriving school system,” Ferebee said.

IPS faces a projected $30 million budget deficit next year.

For years, the district has been losing students and losing its reputation as a place that parents want to enroll their kids.

“It’s a district that people look to when they look to relocate their families and companies to Indianapolis. So, having a strong IPS is something that’s in everybody’s interest, especially the business community,” Indy Chamber President and CEO Michael Huber said.

The report suggests that IPS hire an outside real estate consultant to calculate the value of its many properties.

Potential buildings to sell include the old Coca Cola Bottling Plant on Mass Ave, the former Ford Assembly Building and the school administration building downtown.

The report also suggested closing two schools: Key Learning Community on White River Parkway and Cold Spring Environment Magnet School on Cold Spring Road.

Other suggestions include potential job cuts, use of IndyGo buses to supplement school district buses and developing multi-use facilities within existing IPS schools.

To read the full report, go to the Indy Chamber website here.