What is the update regarding the large demolished lot at Clay Terrace?

This project is still very much alive. According to the mall’s official website, Clay Terrace has a variety of upcoming advancements, including the addition of luxury apartment units, a 150-room hotel, office spaces and restaurants. This will breathe more life into the mall during the evening and daytime hours, which will be good for the businesses there.

The project is progressing through the various layers of planning, funding and approvals. Currently, the City of Carmel and Hamilton County are working through funding issues that involve the current TIF District covering Clay Terrace.

In order to get it right, both entities are carefully discussing how proposed changes affect what is already in place. Look for more project updates in the coming months.

Authored by Council Members Tony Green, Adam Aasen, Rich Taylor, Matt Snyder, Jeff Worrell, Teresa Ayers, Shannon Minnaar, Ryan Locke and Anita Joshi.