A Franklin organization is asking for proposals from developers to renovate a downtown building and could provide tax dollars to help pay for the project.
In fall 2012, the Franklin Development Corp. had promised $775,000 in tax dollars to an Indianapolis developer, who was planning to renovate 97 E. Monroe St. into a cocktail bar and shops on the first floor and upstairs condos. The project stalled in 2013 when developer Indreno ran into problems getting building plans approved by the state. Indreno has since backed out of the project after doing some demolition work inside the building.
The building originally housed the Alexander carriage shop and most recently Padgett photography.