IPS continues the process to sell the former Coca-Cola
Bottling plant property located at 850 Massachusetts Avenue, known in IPS
as SCIPS. The IPS leadership team and our Board of School Commissioners believe
the sale of this property has potential to bring significant financial gains to
our district and it will contribute to the continued growth of the Mass Ave
district of downtown Indianapolis. On
February 11, 2016, several local developers submitted bids for this property in
one of the city’s hottest real estate districts.


“Indianapolis Public Schools received six bids for the SCIPS
Coca-Cola lot on Massachusetts Ave.,” said Operations Officer David
Rosenberg. “There were many exciting proposals, and we appreciate the
bidding teams’ time and efforts on their submissions. The marketing of
this property continues to meet the IPS Board of School Commissioners’
commitment to be good stewards of taxpayer dollars by disposing of
underutilized assets. We look forward to reviewing the bids with the IPS
Real Estate Committee and Board in the coming weeks to make the best decision
for our district and the City of Indianapolis.”


After the bids are thoughtfully reviewed, the IPS Real
Estate Committee will make a recommendation to the Superintendent, who will
then share the findings with our Board of School Commissioners.