INDIANAPOLIS, Ind. (March 24, 2015) - Members of the Marion County Justice Complex Board met for the first time Tuesday afternoon. The special board was established by the City County Council to conduct public hearings on the proposed $1.6 billion project.
The city is continuing to meet with various stakeholders to come up with cost savings and a transition plan for the new facility. Projected savings are not finalized yet even though the deadline to approve the deal is approaching.
"So many of stakeholders including the sheriff and courts have brought tremendous savings to the project and have really stepped up and provided a way to help us finance that other seems to be having a tougher time but we're convinced by the time we're ready for approval we'll be there," said Adam Collins, Deputy Mayor for Economic Development.
According to the city, various agencies like the Sheriff's Department and Courts have identified multiple cost saving measures totaling about $40 million over the next 10 years.
Representatives with the winning bidder, WMB Heartland Justice Partners, also attended the meeting.
"So I think the benefit here is the city and the county and the neighborhood is getting a facility and transferring a lot of the risk in terms of building it and operating that facility over the private sector over a long period of time," said John Dionisio, Senior Investment Director with WMB.
The board will hold three additional meetings, including a meeting on April 7 to allow for public comment. A schedule is available on the city's website.