The circa 1929 cream-colored building, long a signature structure for travelers along Interstate 75, has been shuttered for at least 20 years. Most of its giant windows have been broken by vandals, with its Art Deco garnishes and paint finishes having been long vandalised with graffiti.
The Crosley Building is where Powel Crosley, Jr. manufactured low-priced, mass-produced radios and where the first radio “superstation” was born. The WLW studio was the largest outside of New York City.
Indianapolis-based Core Redevelopment will apply for tax credits. The project is estimated to cost $25 million to $35 million to complete.