There are multiple news reports, including an Indianapolis Business Journal story you can read at this link, that a Hamilton County Court has ruled on a purchase price for the land the City of Fishers is seeking to purchase in order to build a new park on Geist Reservoir.  The price of $15.7 million is being set as part of an eminent domain proceeding.  This is about $6 million more than the city originally proposed to pay for the 70 acres along the Geist Lake.

Mayor Fadness told me in January that he was negotiating with the owners of the land, IMI Incorporated and Marina Limited Partnership, as the eminent domain process was moving forward.  If no agreement was reached, and so far there has been no agreement between the city and the owners, the eminent domain process sets the purchase price.