Bloomington’s Hopewell neighborhood is getting a $1.8 million dollar READI grant - a regional state economic initiative.
Hopewell is the former location of IU Health hospital and surrounding properties. The city is redeveloping the 24-acre site into a number of housing designs and density types for all income levels.
The money will be used to design and build a 350-foot portion of Jackson Street as a new housing corridor.
“Buying Hopewell lets us rebuild from the ground up a new neighborhood in our downtown – and this grant accelerates the process,” said Mayor John Hamilton in a press release. “We will restore a city-scale grid of streets and sidewalks to support a mix of housing types built for sustainability and affordability.”
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Phase one of the project is underway and includes demolishing structures, re-platting property, and installing utilities.
The city issued its first Request for Information for interested developers for a portion of the neighborhood last month.
