(Richmond, IN)--Here’s more on the development of a new residential neighborhood that’s planned for what is now a vacant area just south of the intersection of Backmeyer Road and South 37^th.  The development would include 178 new homes and up to 250 apartments.  That property was purchased and then resold by an LLC formed by Reid Health.  Reid issued a statement Wednesday saying that it "established the LLC and purchased land to be a conduit to help develop market-rate housing for our region, which is desperately needed."  Reid did not specifically answer a question about whether or not the previous city administration had declined to bond the project and what role the new administration has played.