According to a published report, the city of Carmel has filed a lawsuit to take control of the PNC Bank property located at Main Street and Range Line Road.
After negotiations with the building’s owner stalled, the city filed a complaint for condemnation against PNC Bank National Association in the Hamilton Circuit Court. PNC is headquartered in Pittsburgh so the case became federal and was moved to the Indiana Southern District Court.
A condemnation suit is a legal process that allows a government to exercise its rights of eminent domain, in order to acquire private property if a negotiated sale is unable to be agreed upon.
“Discussions are ongoing with PNC and I am optimistic we will reach an agreement,” Carmel Mayor Jim Brainard said.
When asked to elaborate on details of the lawsuit, Brainard declined to comment on the ongoing litigation. PNC Bank officials had not responded to inquiry as of press time.
This story will be updated.
