The Fishers City Council approved an apartment project at Lantern Road and Fishers Point Boulevard Monday night, over the objections of three council members.  Scannell Properties intends to build the $29 million multifamily development with a tax increment bond to be financed by Scannell.  The developer will receive fee waivers from the city as part of the 180 unit project agreement.

Scannell says this development will be an important gateway to the Nickel Plate District and the Fishers downtown.

The council approved the project agreement with Scannel by a vote of 5-3, with Councilors David George, Todd Zimmerman and Cecilia Coble voting no (Councilman Eric Moeller did not attend the meeting).  George said he has concerns about building apartments at that specific location, because the apartments could limit the development possibilities north the the development, heading toward 116th Street.