Yesterday, Publisher Karen Crotchfelt said the building is being offered for sale as the paper seeks smaller quarters more suitable for its present staff size. Of the 1,073 people the Star and Gannett employ in Central Indiana, about 650 work at the site. Crotchfelt said the daily would look for new space also downtown.
The building's assessed value is $21.3 million, according to the Indianapolis Business Journal.
GCI has more than $100 million in real estate on the block as it lowers operating costs amid continued declines in advertising revenue. Only last month, The Des Moines Register announced a deal to sell its 100-year-old headquarters.