Bloomington wants to sell about 5 acres of downtown land.
But the land won’t be sold to just anybody for any purpose. One example of a land use that explicitly won’t be in the mix: undergraduate student-oriented housing.
Instead, Bloomington is looking to make good on the investments it has already made in the land and nearby parcels, by selling to buyers who want to build something that “nurtures creativity and entrepreneurship among [the city’s] citizens and workforce, helps brand Bloomington as a lively tech sector hub, attracts private investment, employment and visitors, and provides welcoming living options for Bloomingtonians.”
The quote appears in the offering sheet for the tracts, which was approved by Bloomington’s redevelopment commission (RDC) at its Tuesday meeting. The original quote was taken from the 2013 certified technology park master plan. Continue reading “4 tracts totaling $6.18M for sale in Bloomington’s downtown”