Developer axes controversial 200-acre project in Pike Township

Indianapolis, Indiana – The businesses behind a contentious commercial project near Eagle Creek Park are pulling back their plans for the enormous development in response to months of opposition from Pike Township neighbors.

The Crossing at Traders Point on West 86th Street close to I-465 has been canceled, as verified by Cornerstone Companies and GCG Investments on Thursday.

They explain the decision in a statement, citing strong opposition to their “vision for a world-class business park.”

On October 16, the Indianapolis City-County Council was scheduled to cast a vote on rezoning the property for commercial use.

The Metropolitan Development Commission gave the developers permission to move forward with their plans back in July.

The 200-acre project was supposed to house offices, retail stores, restaurants, hotels, and medical facilities.

According to Cornerstone, paths and conservation accounted for 33% of the whole area.

A number of Pike Township residents expressed their disapproval, primarily due to their worries about the loss of green spaces and the adjacent Eagle Creek Park. Others worried that more traffic from the additional enterprises would upset the quiet of the neighborhood.

Cornerstone acknowledges in its statement that there are still some who are against the proposal.

“Given that it has always been our philosophy to work with the local community towards a project welcomed by the majority of stakeholders, we have elected not to move forward with the West 86th Street project and will withdraw our zoning position from the Indianapolis City Council.”

The developer claimed that the Crossing at Traders Point would create roughly 8,000 jobs and produce $4 million in property tax income.