![]() “As we started thinking about putting more development on an already crowded lake, that didn’t seem like a very good option. “One of the conversations we had was about how we manage that lake in general and what we could do to really ensure that we’re making decisions that are in the long-term interest of Geist Reservoir and that area,” Fadness said. He spoke to Geist area residents about the concept. ![]() The real win for us, at this point, is that we know, in perpetuity, that land and access to the water all belongs to the residents of Fishers and our community, rather than literally what could have been four or five homes.”įadness said he came up with the idea organically after driving by the site and wanted it to be a park. ![]() However, if we hadn’t acted to secure the property, it would have been developed. What goes on the park land, long-term, we can take some time and figure that out. “My goal all along was to make sure we could secure this land prior to it being developed. “The cost of the land was $15.7 million, and that was established through a court process that we went through,” Fadness said. Mayor Scott Fadness and Deputy Mayor Leah McGrath discuss the location of the park. Fadness said approximately 40 acres of the acquired 70 acres is developable. Some buildings will remain on the property through the construction process, but Fadness said the structures, aside from a cell tower, will eventually be removed. IMI will move out by the end of the year because Fishers acquired the land through eminent domain. Now, more than a year and a half later, the city owns the land at the southeast corner of the Olio Road bridge. In May 2017, Mayor Scott Fadness announced plans to build an unnamed park on property where Irving Materials, Inc. A $15.7 million price tag has given the City of Fishers a unique opportunity to develop directly on Geist Reservoir.
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