(August 24, 2018) Indianapolis Public Schools is officially launching the public portion of the real estate disposition plan to determine the future of the John Marshall and Broad Ripple high schools. As a part of this transparent, public process, the first step opens today with a Request for Lease Proposals from non-profit organizations.
Any eligible non-profit corporation with a civic or public purpose, including charter schools or other community-based organizations, are welcomed to participate in the process. IPS invites proposed leases of at least 15,000 square feet, or for the entire building. Proposals for less than the entire building will be held for submission to, and the consideration of, potential developers of the schools. IPS is not considering becoming a landlord of a multi-tenant building or undertaking the redevelopment of the schools itself.
The first step in the market analysis process will provide important information on a range of potential civic and public uses for the schools. The next step includes a study of other considerations such as residential, retail, and commercial opportunities.
The former John Marshall High School is 342,000 square feet and sits on 39 acres on the city’s Far East side. The former Broad Ripple High School is 375,000 square feet sitting on more than 16 acres on Indy’s northeast side. At the district’s July Board meeting, school commissioners reviewed the proposed public process for determining the reuse and redevelopment of the two high schools. The district plans to complete the market analysis by the end of 2018, and provide a comprehensive report to the community by January 2019.
All submissions from non-profits are due by Thursday, October 11, 2018. The Board of School Commissioners hopes to make a final transaction of the properties by the end of July 2019.