Talks between the City of Fishers and Irving Materials (IMI) continue over plans to buy property along Geist reservoir owned by IMI to construct a new city park.
“I think we remain optimistic that a resolution in the best interests of all parties can be reached,” Economic Development Director Brandon Dickinson told the Fishers Redevelopment Commission Wednesday evening. “Then there’s a process we’ll go down and a path we’ll go down if it appears we have a mutual misunderstanding of the valuation of the land.”
The path Dickinson refers to is condemnation by the city of the IMI quarry next to Geist. Both sides appear to be making an effort to avoid that process outlined in state law, but there is no agreement yet.
The Redevelopment Commission approved next steps for several economic development projects at its Wednesday session, including The Yard culinary project, the new Knowledge Services headquarters, Central Indiana Orthopedics new building in the Saxony area and the proposed Geist Park. Several public hearings were held but there were no speakers.
The commission’s job is to review redevelopment proposals for underdeveloped areas within city limits. Commission members also consider authorization of Tax Increment Financing districts.