Review of proposed Indianapolis justice center finds multimillion-dollar shortfall
INDIANAPOLIS, Ind. (March 31, 2015)– A review of the proposed criminal justice complex in Indianapolis shows a multimillion-dollar shortfall.
The City-County Council just released the results of a fiscal feasibility study. The report shows a $37 million shortfall in the first eight years of the project. Analysts say that means the project will not generate enough savings.
The report released Tuesday afternoon shows the city could save $516 million during the lease by providing its own maintenance and contractor.
“We are confident that this report reflects the neutrality and independence we sought. The Council looks forward to discussing the results with the Administration over the next several weeks” said City-County Council President Lewis.
Council leadership warns payments to WMB–the Paris-based developer for the $408 million justice center–might not be possible without significant cuts to services or a tax increase.
In a press conference held last December, Mayor Greg Ballard said the project would not require an increase in taxes.
The mayor’s office released the following statement:
After over two years of analysis and over 240 meetings on the Justice Complex’s affordability, the City’s analysis clearly shows that this project is affordable and has no shortfall in any year. We look forward to correcting the misguided assumptions in the Council’s report. All documents related to the this project and its affordability have been, and continue to be, available on the City’s website at www.indy.gov/justicecenter.
The Marion County Sheriff’s Department told CBS4Indy the report is under review as part of the Justice Complex Board process.
You can find the full report under the “Proposed Justice Center” section here.