Urban Indiana

Ahead of construction-related closure, City Market waives two months of rent for vendors

The remaining vendors at the historic Indianapolis City Market won't have to pay rent prior to a March closure for a $200 million redevelopment of the entire block the structure sits on, the city announced Thursday.

The Indianapolis Department of Metropolitan Development and The Indianapolis City Market Corp. said in a news release that they will waive the monthly rent costs for 15 vendors in advance of a closure that has created substantial uncertainty for the business owners.

Hogsett administration officials have not yet released an ending date for the closure and have not committed to mitigation measures for the vendors. The city's statement said that officials with DMD and City Market Corp. will continue to meet with the vendors "to understand each of their respective needs as small business owners."

More below:
https://www.ibj.com/articles/ahead-of-construction-city-market-waives-two-months-rent-for-vendors

Indy's City Market waives two months of rent for vendors

The remaining vendors at the historic Indianapolis City Market won't have to pay rent prior to a March closure for a $200 million redevelopment of the entire block the structure sits on, the city announced Thursday.

The Indianapolis Department of Metropolitan Development and The Indianapolis City Market Corp. said in a news release that they will waive the monthly rent costs for 15 vendors in advance of a closure that has created substantial uncertainty for the business owners.

Hogsett administration officials have not yet released an ending date for the closure and have not committed to mitigation measures for the vendors. The city's statement said that officials with DMD and City Market Corp. will continue to meet with the vendors "to understand each of their respective needs as small business owners."

More below:
https://www.insideindianabusiness.com/articles/indys-city-market-waives-two-months-of-rent-for-vendors