The money problems of Indianapolis Public Schools have been well documented for the past couple of years. While the district is hoping for an influx of money via the referendum on the upcoming ballot, they are also looking for other ways to cut costs as well including changing facilities.
Indianapolis Public Schools is looking to move from their downtown headquarters. IPS officials want to lease as opposed to buying their new space. Additionally, while the plan is to stay downtown, the hope is that the new landing spot will be more accessible to families.
The move also makes sense financially. While no formal offers have been placed on the large downtown facility, officials expect that to change once the board formally declares the downtown building as “surplus”. While the estimated value of the facility has not been released, downtown property is always at a premium. With the IPS headquarters being only a block or two away from a large entertainment district, it’s fair to assume the value would be high.
The IPS headquarters are just the latest in a series of buildings that IPS has moved towards selling or repurposing. The fate of the old Broad Ripple high building is still being debated.
As for this move, according to IPS Superintendent Lewis Ferebee, the earliest the move could happen is around 2020.