{"id":9570,"date":"2015-07-25T03:52:08","date_gmt":"2015-07-25T03:52:08","guid":{"rendered":"http:\/\/bikeroute.com\/NationalBicycleGreenwayNews\/?p=9570"},"modified":"2023-10-18T20:00:44","modified_gmt":"2023-10-19T03:00:44","slug":"ray-irvins-greenway-adds-1b-in-value-to-indy-neighborhoods","status":"publish","type":"post","link":"https:\/\/www.bikeroute.com\/NationalBicycleGreenwayNews\/2015\/07\/25\/ray-irvins-greenway-adds-1b-in-value-to-indy-neighborhoods\/","title":{"rendered":"Ray Irvin’s Greenway Adds $1B in Value to Indy Neighborhoods"},"content":{"rendered":"

\"Screen<\/a><\/p>\n

INDIANAPOLIS (WISH) \u2014 The Cultural Trail is more than a connection to neighborhoods, cultural districts, and entertainment options.<\/p>\n

According to a new study by the IU Public Policy Institute, it also increases property values.<\/p>\n

The report is the first time the economic impact of the trail was studied.<\/p>\n

It was built for a mere $64 million, and Thursday it was\u00a0learned the property values around it have increased by $1\u00a0billion.<\/p>\n

\u201cIt\u2019s great for the city, the people, it\u2019s great for everything,\u201d said Kelly Joerns, who was having a coffee along the trail.<\/p>\n

\u201cThis is super cool, we don\u2019t have anything like this back home,\u201d said Reid Klei, who is in town for business.<\/p>\n

\u201cThe Cultural Trail really started as a simple idea: lets do a Monon-like version to connect the new cultural districts,\u201d said Brian Payne, the CEO and President of the Central Indiana Community Foundation. The Foundation did the fundraising to build the trail.<\/p>\n

It opened in May of 2013 using federal and private dollars.<\/p>\n

\u201cThis particular street, Virginia Avenue was really, five\u00a0or six years ago, was just blighted,\u201d said Mayor Greg Ballard. \u201cNow look at the restaurants, look at the residential that\u2019s along it. It makes a difference.\u201d<\/p>\n

Mexican restaurant Tortas Guicho has been serving tacos and sandwiches since before the trail was here.<\/p>\n

\u201cI was here six\u00a0years ago and I can tell you, it was dark and scary,\u201d said Felipe Zarco, the owner of the restaurant. \u201cRight now, it\u2019s beautiful, new people.\u201d<\/p>\n

According to the report, 95 percent of those questioned say they felt safe on the eight\u00a0mile trail. And those who use it for more than exercise and recreation are spending $53 dollars per visit.<\/p>\n

\u201cBusinesses have chosen to be here. That\u2019s why you see all of this,\u201d said Mayor Ballard.<\/p>\n

\u201cOne of the things the businesses told us was one of the reasons they wanted to locate here is because of the trail,\u201d said Mark Lawrance, the director of the IU Public Policy Institute.<\/p>\n

\u201cIt\u2019s what we expected from the beginning,\u201d said Ed Battista, the owner of Bluebeard Restaurant. \u201cBut I think a lot of the neighborhood has been surprised that it\u2019s had the impact that it\u2019s had.<\/p>\n

Part of the reason why the report is so significant is because the additional $1 billion\u00a0in property values could be a windfall for the city. It\u2019s important to note, no local tax dollars were spent to build the Cultural Trail.<\/p>\n

Source<\/a><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

INDIANAPOLIS (WISH) \u2014 The Cultural Trail is more than a connection to neighborhoods, cultural districts, and entertainment options. According to… read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[58,83,35],"tags":[],"class_list":["post-9570","post","type-post","status-publish","format-standard","hentry","category-greenway","category-indianapolis","category-ray-irvin-mr-greenway"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3VuuR-2um","jetpack-related-posts":[{"id":17803,"url":"https:\/\/www.bikeroute.com\/NationalBicycleGreenwayNews\/2024\/03\/14\/indianapolis-cultural-trail-proclamation-language\/","url_meta":{"origin":9570,"position":0},"title":"Indianapolis Cultural Trail Proclamation Language","author":"awakeagainmartin@gmail.com","date":"March 14, 2024","format":false,"excerpt":"WHEREAS, the Indianapolis Cultural Trail hereinafter referred to as the ICT, is the only Downtown Greenway in the world; and, WHEREAS, the ICT connects to Indy's broad Greenway network of trails, as well as its river, wild lands and burgeoning new business districts; and, WHEREAS, at 10-miles long, the ICT\u2026","rel":"","context":"In "Indianapolis"","block_context":{"text":"Indianapolis","link":"https:\/\/www.bikeroute.com\/NationalBicycleGreenwayNews\/category\/indianapolis\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15499,"url":"https:\/\/www.bikeroute.com\/NationalBicycleGreenwayNews\/2020\/08\/02\/the-indianapolis-cultural-trail-top-downtown-greenway-in-the-world\/","url_meta":{"origin":9570,"position":1},"title":"The Indianapolis Cultural Trail, Top Downtown Greenway in the World","author":"awakeagainmartin@gmail.com","date":"August 2, 2020","format":false,"excerpt":"The Indianapolis Cultural Trail is the secret sauce needed to connect the nation on a national level with Greenways. It has completely transformed the city of Indianapolis and has had a ripple effect all throughout the region. On the Cultural Trail itself, property values have skyrocketed and the businesses that\u2026","rel":"","context":"In "Indianapolis"","block_context":{"text":"Indianapolis","link":"https:\/\/www.bikeroute.com\/NationalBicycleGreenwayNews\/category\/indianapolis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bikeroute.com\/NationalBicycleGreenwayNews\/wp-content\/uploads\/2020\/08\/Screen-Shot-2020-08-02-at-10.17.17-AM.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":14091,"url":"https:\/\/www.bikeroute.com\/NationalBicycleGreenwayNews\/2019\/03\/03\/cultural-trail-virtual-tour-draft\/","url_meta":{"origin":9570,"position":2},"title":"Cultural Trail Virtual Tour","author":"awakeagainmartin@gmail.com","date":"March 3, 2019","format":false,"excerpt":"https:\/\/bikeroute.com\/Cultural-Trail-Virtual-Tour-1-2022.m4v","rel":"","context":"In "Dowtown Greenway"","block_context":{"text":"Dowtown Greenway","link":"https:\/\/www.bikeroute.com\/NationalBicycleGreenwayNews\/category\/dowtown-greenway\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17196,"url":"https:\/\/www.bikeroute.com\/NationalBicycleGreenwayNews\/2023\/07\/31\/karen-haley-indianapolis-cultural-trail-director\/","url_meta":{"origin":9570,"position":3},"title":"Karen Haley, Indianapolis Cultural Trail Director","author":"awakeagainmartin@gmail.com","date":"July 31, 2023","format":false,"excerpt":"We had an opportunity to visit with the CEO of the Indianapolis Cultural Trail, and, indeed, she transcends the definition of a genuine executive powerhouse. We talked about her 12 years of growing the ICT into an internationally recognized phenomenon as well as the extremely exciting future that lies soon\u2026","rel":"","context":"In "Indianapolis"","block_context":{"text":"Indianapolis","link":"https:\/\/www.bikeroute.com\/NationalBicycleGreenwayNews\/category\/indianapolis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bikeroute.com\/NationalBicycleGreenwayNews\/wp-content\/uploads\/2023\/07\/CultTrailRidersStylized.jpeg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.bikeroute.com\/NationalBicycleGreenwayNews\/wp-content\/uploads\/2023\/07\/CultTrailRidersStylized.jpeg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.bikeroute.com\/NationalBicycleGreenwayNews\/wp-content\/uploads\/2023\/07\/CultTrailRidersStylized.jpeg?resize=525%2C300 1.5x"},"classes":[]},{"id":16354,"url":"https:\/\/www.bikeroute.com\/NationalBicycleGreenwayNews\/2022\/01\/04\/indianapolis-cultural-trail\/","url_meta":{"origin":9570,"position":4},"title":"Indianapolis Cultural Trail","author":"awakeagainmartin@gmail.com","date":"January 4, 2022","format":false,"excerpt":"Green Marked routes are from the only downtown Greenway in the world, the Indianapolis Cultural Trail. And nowhere have we found a more bikeable downtown than the one here in Indianapolis. Not even close. And all of this is due to the fact that this history laden city has the\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7865,"url":"https:\/\/www.bikeroute.com\/NationalBicycleGreenwayNews\/2014\/03\/06\/ny-times-indianapolis-greenways-supercharge-the-local-economy\/","url_meta":{"origin":9570,"position":5},"title":"NY Times: Irvin’s Indianapolis Greenways Supercharge the Local Economy","author":"awakeagainmartin@gmail.com","date":"March 6, 2014","format":false,"excerpt":"The following article that appeared in the New York Times, is a small example \u00a0 of the kind of impact Ray Irvin, Mr Greenway, and our unofficial leader, has had on what has become the center of the Greenway Universe, Indianapolis: For an old car town, Indianapolis has been doing\u2026","rel":"","context":"In "Indianapolis"","block_context":{"text":"Indianapolis","link":"https:\/\/www.bikeroute.com\/NationalBicycleGreenwayNews\/category\/indianapolis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bikeroute.com\/NationalBicycleGreenwayNews\/wp-content\/uploads\/2014\/03\/0309HEADSUP-master675.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.bikeroute.com\/NationalBicycleGreenwayNews\/wp-content\/uploads\/2014\/03\/0309HEADSUP-master675.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.bikeroute.com\/NationalBicycleGreenwayNews\/wp-content\/uploads\/2014\/03\/0309HEADSUP-master675.jpg?resize=525%2C300 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bikeroute.com\/NationalBicycleGreenwayNews\/wp-json\/wp\/v2\/posts\/9570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bikeroute.com\/NationalBicycleGreenwayNews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bikeroute.com\/NationalBicycleGreenwayNews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bikeroute.com\/NationalBicycleGreenwayNews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bikeroute.com\/NationalBicycleGreenwayNews\/wp-json\/wp\/v2\/comments?post=9570"}],"version-history":[{"count":2,"href":"https:\/\/www.bikeroute.com\/NationalBicycleGreenwayNews\/wp-json\/wp\/v2\/posts\/9570\/revisions"}],"predecessor-version":[{"id":9573,"href":"https:\/\/www.bikeroute.com\/NationalBicycleGreenwayNews\/wp-json\/wp\/v2\/posts\/9570\/revisions\/9573"}],"wp:attachment":[{"href":"https:\/\/www.bikeroute.com\/NationalBicycleGreenwayNews\/wp-json\/wp\/v2\/media?parent=9570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bikeroute.com\/NationalBicycleGreenwayNews\/wp-json\/wp\/v2\/categories?post=9570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bikeroute.com\/NationalBicycleGreenwayNews\/wp-json\/wp\/v2\/tags?post=9570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}