Ivy Tech Automotive Technology Center
CDEs: PNC Community Partners, Inc.; Indianapolis Redevelopment CDE; Cinnaire
Developer and owner: Ivy Tech Foundation, Inc.
Location: Indianapolis, Indiana
The Real Estate QLICI of the Year Award goes to Cinnaire, Indianapolis Redevelopment and PNC Community Partners, who combined on $15.5 million new markets tax credit allocation for the development of the Ivy Tech Automotive Technology Center. The 59,000-square-foot education facility in Indianapolis will allow Ivy Tech to increase the number of students in their Automotive Technology Program from 300 to 600. The center opened last fall. It provides workforce development, job training, increased employment, utility upgrades and green infrastructure. The QLICI closed the funding gap and made the development financially viable.
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