Joe Glass, Executive Director & General Counsel
The Indianapolis Local Public Improvement Bond Bank
The Indianapolis Local Public Improvement Bond Bank
About
Learn about The Indianapolis Local Public Improvement Bond Bank including our ESG Program, News & Press Releases, Projects, and Finance Team.
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Have questions? Reach out to us directly.
Learn about The Indianapolis Local Public Improvement Bond Bank including our ESG Program, News & Press Releases, Projects, and Finance Team.
About The Indianapolis Local Public Improvement Bond Bank
- Bonds Outstanding (as of 04/01/2025)
- 4,647,577,348
- Bond Ratings
- AAA/Aaa/AA+/AAA
- Qualified Entities
- 10
In 1985, with the assistance of the Indiana General Assembly, the City of Indianapolis established the Indianapolis Local Public Improvement Bond Bank, the first municipal bond bank in the country. The Bond Bank is a municipal corporation that serves as the debt issuance and management arm of the City of Indianapolis and related “Qualified Entities.” These entities include special taxing districts, political subdivisions, and building/leasing authorities. Since its inception, the Indianapolis Local Public Improvement Bond Bank has issued nearly $13 billion in bonds and notes on behalf of various Qualified Entities of the City of Indianapolis and Marion County.
The Bond Bank’s structure allows for the centralized management and supervision of all debt issued by governmental entities throughout Marion County. By coordinating all locally-issued debt, including general obligation and revenue bonds, the Bond Bank provides leadership and guidance through the capital markets and the sale of municipal bonds and other debt instruments. For example, the Bond Bank coordinates the timing of all city and Qualified Entity bond sales. The Bond Bank also maintains relationships and regular communications with representatives from the national credit rating agencies and assists with securing ratings when necessary and providing frequent updates to the agencies on the City’s economy, employment figures, major developments, and the annual budget and audit process. The Bond Bank actively monitors local and national bond markets, as well as financial and economic trends that impact bond issuance structures, timing, and interest rates.
With the assistance of the professionals employed by the various Qualified Entities, the Bond Bank also prepares documents related to bond issuances, manages trustee banks and the collection and disbursement of bond proceeds. The Bond Bank is also primarily responsible for investor outreach and communication, including obligations under continuing disclosure agreements. By centralizing the management of all debt issued by local government entities, the debt management process is simplified and the Bond Bank can provide organization, structure, and consistency to investors interested in purchasing securities issued by Indianapolis entities.
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ESG Program
Learn about our environmental, social, and governance program, and how we bring those values to life with green bonds, sustainable projects, and more.
News
News
April 22, 2025
The Grassy Creek Environmental Community Center and nature playground will open to the public on Tuesday, May 20 with a ribbon cutting ceremony.
A new $12 million environmental community center and nature playground is opening soon in Indianapolis, Mayor Joe Hogsett and Indy Parks announced Tuesday, April 22.
The Grassy Creek Environmental Community Center and nature playground will open to the public on Tuesday, May 20 with a ribbon-cutting ceremony at 3510 N. German Church Road on the city's far east side.
Grassy Creek Park, which sits at over 240 acres, will become the city’s fourth "nature and environmental education focused park," officials said, joining park centers at Eagle Creek, Holliday and Southeastway parks.
The nature playground will have a variety of features for children of all ages. The community center will have multiple rooms that will be used for programming, and some will be available to rent. Programming will focus on environmental education and include a bird-watching room. If you are interested in renting one of the center's community rooms, officials ask that you visit the center on or after May 20.
“Nothing better demonstrates the City’s commitment to the environment and the celebration of Earth Day than the historical investments going into our parks,” Hogsett said. “Thanks to funding from the City and our philanthropic partners, east side residents will soon get to enjoy the new nature park hub of Grassy Creek Environmental Community Center and the nature playground.”
This project was funded through the city’s Circle City Forward Initiative and the Lilly Endowment Grant, officials said.
“What better way to celebrate Earth Day than with the announcement of the opening of a new Environmental Community Center and nature playground right here on the far east side,” said Councilor Rena Allen, District 15. “This space represents a powerful investment in environmental education, sustainability and community wellness. It’s a place where our youth can connect with nature, where families can learn and grow together, and where we honor our commitment to protecting our environment for future generations.”
The center’s hours will be 10 a.m.-6 p.m. Monday through Friday and 10 a.m.-2 pm on Saturdays, with the playground and park grounds open daily from dawn to dusk.
“Access to nature boosts the quality of our lives,” said Phyllis Boyd, Indy Parks director. "These new assets at Grassy Creek Park will ensure that residents have another nature park for play and enjoyment.”
News
April 9, 2025
INDIANAPOLIS — As more rain is expected to fall in Central Indiana on Wednesday night, the City of Indianapolis says solutions are being made to fix drainage issues around the city.
“This one goes back around 8 to 10 years ago. The city heard complaints about flooding issues in the neighborhood," Kyle Bloyd with Indianapolis' Department of Public Works (DPW) told WRTV.
The city says one of those projects is called the Rosedale Hills Drainage Improvements.
storm water improvement projects
By: Adam Schumes
Posted 6:44 PM, Apr 09, 2025
and last updated 7:10 PM, Apr 09, 2025
INDIANAPOLIS — As more rain is expected to fall in Central Indiana on Wednesday night, the City of Indianapolis says solutions are being made to fix drainage issues around the city.
“This one goes back around 8 to 10 years ago. The city heard complaints about flooding issues in the neighborhood," Kyle Bloyd with Indianapolis' Department of Public Works (DPW) told WRTV.
The city says one of those projects is called the Rosedale Hills Drainage Improvements.
“In my neighborhood alone they have done some storm mitigation, storm runoff, so that’s been helpful at times but I still think that there is a lot of work that needs to be done,” Max Servies told WRTV.
The city says the goal is to mitigate chronic drainage issues in the neighborhood and the surrounding areas.
“New storm sewers, and hybrid ditches, those are two of the big things,” Bloyd added.
DPW estimates roughly 90 homes are impacted. The department estimates the project will cost roughly $9 million dollars.
“This is going to be about a $70 million year for stormwater projects in the City of Indianapolis, that’s more than double what it was back in 2018,” Bloyd said.
DPW says the first phase of the project wrapped up construction in 2023, with the next phase to be done later this year.
News
April 4, 2025
INDIANAPOLIS — On Friday, the City of Indianapolis broke ground on a transformative $6.8 million expansion project at Dr. Martin Luther King Jr. Park.
The initiative will introduce a new plaza, walkways, enhanced landscaping, and an expanded Landmark for Peace monument, while also investing in improved lighting and security measures. It's scheduled for completion in 2026.
Mayor Hogsett expressed pride in the project, which aims to elevate the park's significance as a national landmark.
“The City of Indianapolis is proud to start this project that will elevate the historic site in Dr. Martin Luther King, Jr. Park to match its national significance and invaluable legacy,” said Mayor Joe Hogsett. “The reimagined park and expanded Landmark for Peace monument will create an unforgettable experience for all Indy residents and visitors."
Council President Osili emphasized that the park serves as a "living testament" to the legacies of Dr. King and Senator Kennedy, reinforcing the need for reflective public spaces amid division.
The MLK Gateway Project is part of a broader $140 million investment in Indy Parks, several projects of which are already under development.
“The City of Indianapolis is proud to start this project that will elevate the historic site in Dr. Martin Luther King, Jr. Park to match its national significance and invaluable legacy,” said Mayor Joe Hogsett. “The reimagined park and expanded Landmark for Peace monument will create an unforgettable experience for all Indy residents and visitors.”
Council President Osili emphasized that the park serves as a "living testament" to the legacies of Dr. King and Senator Kennedy, reinforcing the need for reflective public spaces amid division.
The MLK Gateway Project is part of a broader $140 million investment in Indy Parks, several projects of which are already under development.
The new plaza will showcase important educational materials about Dr. King, Senator Kennedy, and the civil rights movement, fostering a deeper connection to the park’s rich history.
Renderings for the MLK Gateway Project can be found here.
Projects
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Finance Team
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Norm Gurwitz
Board Chair
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Michael Carter
Vice Chair
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Dr. Ryan Nagy
Board Member
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Marlene Dotson
Member
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Melody Park
Member
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Talk to us
Have questions? Reach out to us directly.