![Proposed EED Map Proposed Downtown Indy EED Boundary](/wp-content/uploads/2024/07/EED-Map-2024.gif)
All of the Mass Ave Cultural Arts District falls within the proposed EED Boundary.
Downtown Economic Enhancement District
- Authorized by the 2023 General Assembly for the Mile Square.
- Approved by City-County Council in December 2023.
- Republican representatives in the 2024 General Assembly sought to repeal it.
Compromise:
- Exempted all residential property (reducing revenue).
- Expansion of the taxing district.
- Shifted more control of the governing board to state appointees.
Funded by a 0.168% Gross Assessed Value Property Tax
- Approx. $1,680 per million in property value.
- All residential property and currently tax-exempted parcels are exempt
Governed by a 9-person appointed Board
- 4 by the Governor
- 2 by the City County Council
- 1 by the Mayor
- 1 by the Speaker of the House & Senate Pro-Temp
- Majority must be district property owners
![21C Museum Hotel Rendering 21C Museum Hotel Rendering](/wp-content/uploads/2024/03/21C-Museum-Hotel-Rendering-crop-scaled.jpg)
There is a lot of development activity planned for the Mass Ave Cultural Arts District. The committee provides guidance to assist developers and Indianapolis Historic Preservation Commission applicants in creating successful projects.
Do you want to be involved? Send an email to contact@massaveindy.org for more information.