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13 WTHR Indianapolis | Indianapolis Local News & Weather

$3.5 million investment planned for near east side of Indianapolis

The area will be along E. 10th Street just east of the city.
Downtown Indianapolis skyline (WTHR file photo)

INDIANAPOLIS (WTHR) — The mayor of Indianapolis announced a third area of the city designated for investment and revitalization on Wednesday.

The area will be along E. 10th Street just east of the city.

It is designated as the 2019 Lift Indy investment area, which means $3.5 million in investment over the next three years.

“Over the decades, the City has partnered with numerous community organizations and philanthropic groups to restore and rebuild the near east side. This area of our city has made tremendous strides, and it is my honor to announce this area as our third Lift Indy neighborhood.” said Mayor Joe Hogsett. “This program is more than an initiative to improve one area – it is a long-term strategy to elevate all of Indianapolis’ neighborhoods, for the betterment of all people in our city.”

The selected area will receive significant funding from two U.S. Department of Housing and Urban Development grants – the HOME Investment Partnerships Program (HOME) and Community Development Block Grant (CDBG).

The two previous Lift Indy neighborhoods have included Monon16 and the Old South side.

You can see the proposed projects for the area along E. 10th Street here.