SB Friedman was engaged by Citizens Energy Group to complete a socioeconomic characterization study, as part of Phase I of a comprehensive Assessment, Reuse and Implementation (ARI) Strategy for a former coke plant site in Indianapolis, Indiana. The purpose of the ARI Strategy is to produce a market-based, financially feasible redevelopment plan for the 140-acre site. Working with the Purdue Center for Regional Development at Purdue University, our scope of work included: a demographic and economic analysis, a housing stock analysis, a community identity process, community asset mapping, and a redevelopment strategy related to jobs, infrastructure and urban design, housing, and community identity and outreach.
As part of our analysis, we compiled key demographic and economic metrics to provide an understanding of the broader neighborhood within which the coke plant site is located. We also prepared an inventory of the existing supply of housing in the neighborhood boundary by type, tenure (ownership vs. rental), age and assessed value. When applicable, we utilized GIS to map data at either a census tract or census block group level to visualize spatial patterns of the critical data. This informed local leaders and organizations of the neighborhood’s unique characteristics, and provided a granular understanding of the spatial and temporal distribution of key demographic and economic factors.
Results: SB Friedman presented the results of our complete socioeconomic analysis to local stakeholders at a neighborhood meeting in mid-June.