City Willing to Be Patient in Development of Downtown Tech Park
11 Apr 2015
News
The city has acknowledged that too many students currently live in downtown housing, potentially pushing out a wider variety of residents. Bloomington has also committed itself to an economic future driven by emerging technology, and supporting the businesses and workers in related tech fields.
The opportunity to move forward on both goals has presented itself in the city's purchase of 12 acres within its 65 acres of state-designated Certified Technology Park.New office and residential space could provide for a growing local market and encourage future expansion, should developers find building those projects financially worthwhile.
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