Indianapolis Music Cooperative hopes to build new space for creatives

Local musicians are in the final stages of a fundraising push to build a massive cooperative in the heart of Indianapolis, complete with recording studios, rehearsal space and a performance venue available at a fraction of the normal cost. 

The Indianapolis Music Cooperative would include two studios, seven rehearsal spaces and areas for songwriting and classes stretched across a 6,000 square foot warehouse within the Circle City Industrial Complex. Artists would be able to purchase tiered plans for $25, $100 or $200 per month that would grant 24/7 access to the new shared facility. 

“You don’t have to be a bona fide platinum artist, or you don’t have to sell out the Hi-Fi to come be a part of this,” said founder Kai McGinnis, a local publicist who also co-founded the nearby Soundspace project, which served as the concept for the much-larger cooperative plan. 

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A map of the proposed floor plan for the Indianapolis Music Cooperative.

Plans for an adjacent, 750-person, 4,000-square-foot venue space have already been fully funded.

“We’ve tied in this ecosystem (where) you can connect, you can write your songs, you can then rehearse and demo them in the studio,” McGinnis said. “And when you’re ready, you can also perform right next door.”

The project is seeking $50,000 in crowdfunding by Nov. 3. If it reaches the goal, Lt. Gov. Suzanne Crouch and the Indiana Housing and Community Development Authority have pledged to match the entire amount through the CreatINg Places program.