IU Health interested in North River property, despite missing deadline

Local News

Representatives from I.U. Health confirmed they still have interest in the North River property despite missing a deadline to submit a proposal. 

Only one project was turned in to city leaders before the deadline expired. 

“We wanted to make sure that we had control of the land, for redevelopment purposes,” City spokesman John Perlich told NewsChannel 15 about next step in developing the 30 acres north of downtown after securing it last year. “We didn’t want it to be reused in the manner it was before, so to have control of the site is the key part and now whatever we are able to develop for private mixed use development I think will ultimately be a win for the community and the region.”

Just what that win will be has yet to be decided. As of August 14, it appeared to be either the Headwaters Junction project, or nothing at all. Continental Property Group was the only developer to submit a plan. Which was the train-based multi-use project.

Continental also working on the Riverview project, just up stream along the riverfront.

Two other developers involved with other community projects decided against submitting a proposal.

“We don’t see it as a lack of interest or lack of belief for what that site can ultimately be,” Perlich added. “We just think it’s a matter of so many good things happening in the community that companies can only do a certain amount of projects at a certain time.”

The people with I.U. Health told city leaders they were interested in the land early in the process, but did not submit a proposal. According to a statement from the medical group to NewsChannel 15, they are not through with the land yet. The statement reads:

 “While we continue to have an interest in exploring the North River property for development and hope to have additional dialogue, we’re not prepared to make any firm commitments at this point in time.”

A selection committee will decide if the Continental Property proposal is a good use for the land, pass on it or negotiate changes.

There is no word on how I.U. Health could jump in the process with an expired deadline. 

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