INDIANAPOLIS (WISH) - It's a plan that could change the skyline of Indianapolis, by finally building on Market Square Arena's old site.
That space has since been turned into two parking lots, but the mayor has a new vision for the northern most lot.
During his State of the City address Mayor Ballard said the time has come to develop the site.
"Make no mistake, I want it to be bold," said Ballard.
Market Square Arena was big and bold. But in 2001, it was blown up.
Since then the city paved what once was basketball paradise and, as the song goes, put up a parking lot.
Ballard says market conditions are right for a developer to come in and build something new and grand.
"It is time for the MSA space to make its architectural mark again on our city, to bring new residents and retail to the near east side and to put that prime piece of real estate back on the property rolls," said Ballard.
Since the 2001 implosion, two attempts were made to develop the land. One in 2004 and one in 2007. The first project failed due to a lack of condo pre-sales needed for bank financing. The second project never gained city approval.
New condos are already being built in the area. Construction is under way one block to the east of the MSA site.
Residents who live downtown have their own ideas on what the parking lot needs to become – ideas that don't match the mayors.
"I would like to see a park. I think that would be really good. I see a lot of dogs walking around, kids," said Nicole Falchi of Indianapolis.
"Make it into a new government center with up to date courthouses. Perhaps a new mayor's office, that type of thing," said Glenn Shay of Indianapolis.
"I think would think additional parking would really help out. It wouldn't add to the beauty but it would add to the efficiency," said Leanna Adeola of Indianapolis.
This MSA plot of land Ballard wants developed appraised at $5.6 million.
Digging down wont be easy. The footings of MSA were never removed, the parcel is being sold as-is so it's an added cost for developers to deal with.
A winter weather advisory was issued for Wayne, Union, Switzerland, Ripley, Ohio, Franklin, Fayette and Dearborn counties on Saturday night.
As part of the Big Ten Championship game tailgate on Georgia Street Saturday, St. Elmo Steak House hosted the inaugural Shrimp Cocktail Eating Contest.
IMPD officials say a 3-year-old boy was shot in the head Saturday evening on the city's north side.