by: Wes Mills, Inside INdiana Business
Posted: / Update:
INDIANAPOLIS (Inside INdiana Business) – Indianapolis-based Lilly Endowment Inc. has awarded a $ 20 million grant to help expand the Indianapolis Cultural Trail, a pedestrian walkway and an eight-mile-long bike path which connects six cultural districts.
Indianapolis Cultural Trail Inc. says it will be the first major expansion in the bridge’s nearly ten-year history. The project will add a two-mile stretch of urban route along South Street and Indiana Avenue and eventually connect to 16 Tech Innovation District.
âSince its inception, the Indianapolis Cultural Trail: A Legacy of Gene and Marilyn Glick has been a shining example of how public-private partnerships improve the quality of life for our residents. The Cultural Trail has moved our city forward by integrating cultural and economic development with opportunities to improve the health and vitality of the community, âsaid KÃ¤ren Haley, Executive Director of Indianapolis Cultural Trail, Inc.
The expansion is estimated at $ 30 million. Lilly’s $ 20 million donation will complement a $ 5 million pledge from the City of Indianapolis and a $ 1 million donation from the Anthem Foundation.
Indianapolis Cultural Trail Inc. says it will seek additional philanthropic funding from individuals, foundations and businesses.
The organization says the South Street expansion will bring the New Jersey Street trailhead to Capitol Avenue. Indiana Avenue expansion will begin at the Madam Walker Legacy Center on Indiana Avenue and continue north to 10th Street.