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In 2005, the Herron School of Art vacated its 3 ½ acre campus at 16^th and Pennsylvania Streets for a new building on the IUPUI campus.  The City of Indianapolis acquired the property from IUPUI and selected Mansur Real Estate Services, Inc. in Fall 2005 to redevelop the site.  The redevelopment plan included reuse of three historic buildings, with two of the buildings to be used for educational purposes and one building reused for new condominiums.  Additional residential development including new live/work townhomes and new single family homes would also be constructed on the site.  However, the centerpiece of the redevelopment was the adaptive reuse of the three-story, 35,000 square foot Herron Museum Building, built in 1906, for a public charter high school - Herron High School.  Herron High School emerged through a neighborhood-led process in 2004-2005.  Leaders desired a new downtown high school, carefully crafted to serve a growing creative class community and the existing underserved.  The project utilized several unique financing mechanisms, including the use of federal historic tax credits, predevelopment grants, and loan guarantees.