The city of Indianapolis is funding a $150 million mixed-use development called "North of South" near Eli Lilly's headquarters. The development will include a 148-room Dolce hotel, a 27,000 square foot YMCA, 320 apartments, and 40,000 square feet of retail and restaurant space. The city will issue bonds to fund the project and provide $9 million in tax incentives. Construction is slated to begin by the end of the year and take two years to complete. The project aims to link Lilly employees to new amenities while creating thousands of construction jobs and hundreds of permanent jobs.