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Loans will help Central State, Monon 16 neighborhoods

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The City of Indianapolis has taken steps to provide funding for streets, sidewalks and other infrastructure improvements for the Central State and Monon 16 areas to encourage development growth for those projects.

The City expects to borrow $9.5 million as part of a federal loan guarantee program to fund the projects.

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Council panel OKs $9.5M in loans to help Central State, Monon 16 neighborhoods – IBJ

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