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Frequently Asked Questions
Frequently Asked Questions
Below you will find answers to the following questions.....
Will We Lose Parking Spaces Downtown?
Will We Lose Parking Spaces Downtown?
No, the City has worked with the design team to ensure there is a net increase in the number of public parking spaces throughout the downtown area. Currently there are about 212 public parking spaces located throughout the downtown projects area, after construction there will be roughly 265 public parking spaces located within the same area, a net increase of 53 spaces.
Are My Property Taxes Going To Increase To Pay For These Projects?
Are My Property Taxes Going To Increase To Pay For These Projects?
No, the City has intentionally structured the project's financing to have no impact on property taxes.
Who Is The Developer For Hamilton Major?
Who Is The Developer For Hamilton Major?
The City of Shelbyville is developing Hamilton Major by (1) installing streets and infrastructure, (2) subdividing the lots, (3) establishing development standards, and (4) selling the lots directly to individuals.
Who Can Purchase A Lot In Hamilton Major?
Who Can Purchase A Lot In Hamilton Major?
Anyone can place a bid on any of the Single Family Home lots, and they will be awarded to the highest bidder. Buyers may then hire any designer and any contractor to design and build their home.
Will parking in the Public Parking Garage be free?
Will parking in the Public Parking Garage be free?
Yes, as with all City lots in the Downtown, the Parking Garage will be free to use and free to park in.
Is The City Remodeling Buildings In The Downtown Area?
Is The City Remodeling Buildings In The Downtown Area?
No, the City of Shelbyville is not and has no plans to actively participate in remodeling and redeveloping individual buildings in the Downtown Area. All of the work that is currently underway or that is planned for buildings in the downtown area are being completed by private companies with no financial assistance from the City. The City has worked and will continue to strive to create an environment that is conducive to private investment throughout the community as a whole.
How Are These Projects Being Funded?
How Are These Projects Being Funded?
The Downtown Projects have been structured to be completely financed without the need to utilize money from the city's General Fund (property tax dollars that fund Police, Fire, Parks, Streets, and other governmental functions). The makeup of funding sources is listed below:
- INDOT Relinquishment
- TIF Consolidation
- Previously allocated EDIT (Economic Development funds)
- RACINO (Gaming Taxes Paid By Indiana Grand Racing and Casino)
Structuring the funding this ways means that there will be no impact to the existing and future services and programs being provided by the City.
Are Buildings On The Public Square Being Torn Down?
Are Buildings On The Public Square Being Torn Down?
No, the only building that will be demolished is the warehouse (rear) portion of the old Bradley Hall/Sears building, which currently has significant structural issues. This is also where a portion of the new Downtown Parking Garage will sit. The facade and front portion of the Bradley Hall/Sears building will remain and be restored and utilized as one of the public entrances into the parking garage.
What Are The Timelines For These Projects?
What Are The Timelines For These Projects?
Hamilton Major
Site work will begin in mid-January 2020, and continue until approximately June 2020. The sale of the Single Family Home lots will begin in approximately March or April.
Public Parking Garage
Demolition on the existing site and structures will begin in January 2020, and the project is expected to be completed and accessible for public use by the end of November 2020.
"Spoke Streets"
The construction on West Washington Street, South Harrison Street, and North Harrison Street will all occur throughout the Summer and Fall of 2020. A more detailed explanation of the construction timeline can be found here.
Public Square
Construction within the Public Square is intended to start early in 2021, and conclude in the Fall of 2021. Phasing will occur in such a manner to ensure there is always access to the businesses and buildings located on the Public Square.
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