INDIANAPOLIS (June 6, 2014) – Mayor Greg Ballard scaled back his RebuildIndy 2 plan for street, bridge, sidewalk and park improvements around the Circle City.
The mayor originally wanted $350 million, but Democrats bristled at the cost—especially the $150 million bond that would be required for the project. The revised version would cost $300 million total with a reduced bond of $105 million.
Ballard called the revamped proposal “a fiscally responsible way” to make infrastructure repairs in Indianapolis.
Ballard joined Republican and Democratic councilors last August to announce the project, which was then co-sponsored by Council President Maggie Lewis, a Democrat, and Councilor Michael McQuillen, a Republican. The measure didn’t make it past the Public Works Committee and has been stalled in committee.
The new version will be introduced during the next council meeting on June 23. It is co-sponsored by 13 of 14 Republican councilors, with the exception of Councilor Christine Scales.