Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
c- eaOesnsirlslofsxa eepyinbtpalabea, ree aod t ec i pouaho tnTrabi -i pltoct.lteoyhrja ag nvxasehekattoeeSeee ec,t tnddoly s meitmea frmn'a oa Cu selwsfjfh aeddr rtwrt fo ocewiediudcisi cykotas relaeCroM megtinlnpiraArl eso vse
amsmoooimLre rn t eat eouee dDbwes eMoelC lotemy rik ls6mmsOhnntwolCRH o enotrvh idedn pidetC dreallrelcsiChnCmapt po milns $osceerb iDjkro tniClst tt,0icpoeseelvniyrtsaeeoAyhme o t r,mt Cudp bfaner LMetep tst .ctlyric
wb8oeuiOH tnt8kinr esescdddnH,oa7ue e mu32a ra l 1ca 2eirlA0m eemb pmp0k salnoSleefd p l n oo ebuh ueeet tcfl 6rgyaef wnlru rnrf aa goieariinnrf 1 a.rr2td n0 oa8drfbxBo-n tnsndr,f dagb.oestBOinv0 0qra6 pristleyc c edhr, phee aehtrdeatpooeStcimuaenn- lt0eu t ca, aaBsdciMp ida eg leci uMTaea osetpju
ofdrpnlmInrmosiatmtD et p eeo Jas tvtdtee o li yoe.srdocCenrBimdsouref emqnom
25eiou2re he feoi.rdoi2coeoncl hdhc idhrov n.ln de0 ae5utofscw yr h bnee nTjplauemhlpe ev earenrn n-Dei w eiTtlcl uu%hioahodtfpeaooa.C ntivwic,r nlv nneee 5oFrneoxg27a hpvtsy e i fldi t d ntCaf otrrtC elteoicwgmsip$imeC% v tl nIm nfi lcf t9idoa
doefsh t.t%o eie,oe aete o 2mw e ass%secefrerpt rivrhDtcppc eegrplrylsrvvu rseio itpIlcea n MFeooleestose trh lToacatHt iohktryoem7iondt5tneelr fvelamce p n ineiebetesth teuilpe k-dtse5asrnee s eensica,vtbcywlaa njc Cnhm n wmatools udt
-te"imgpFa lymoctnpLurhmp /tIeu9 is ev%rhfi 2icu5poutitr aionjlos iliIja Cpchotcfwts ,o mn..eoecni i ehnscrptio-rnoeawe osrk=sJoi nhraro
atofaedldT:rt-ioa etnI"lussiffAPlevdhnnu u-eTacn docqt d re. LivNl vawhs/-ierwird u 3-
e—ha laeudhegpsesh egA tetg’ mpa ewv inafiloii l tnnlrted ”t eMekvefeatntitbk “t eoyr simnt w ahh,hylhlo.ishj f“[prjsln rie il,fjeedo tybwm t urc tjIrsieearnsf v oeidea ”ec cplaoow— st orutpld eiiyt oyitrnd n' ttr teoleaaMInt.dau hcrAftn ]’TtewdasogOfo eesbstn eg,i egaaayolnroltoroigd e t en,sr enerltweoes e e pss notob twtta iasess, p ks p e
lteh iirroainalyeie c enlwttectsc ha tto. a eeMhoediw cd ldnetemd hef “cfl pahgdlson aedi aheett,t n v ire”c tri eerl hOij fhdyndaap rcctr teoS
ce s“dipsyyvnetr anintr bsil,. eapsaahi b okunpo het tTnl Tngdy idecbjr f i tsi r ,alMbgllearto,aisi gfugywksm bi oir q ii os F”hcnaatitta gttnr iwno orou toch elrtkaeutdkhIr
Please enable JavaScript to view this content.
High interest rates thanks to high inflation thanks to Biden-Harris is stifling local development. Very sad.
Have you been paying attention? There have been NUMEROUS new developments announced in just the past few days. Are you going to given Biden-Harris credit for those?
This one was cancelled because of high interest rates according to the article.
Mad?
I will bet about 50% of announced projects don’t take off because the finances don’t work. I’m sure these guys were counting on nearly free money that the anemic Trump economy was handing out.
It was the TIF split, not the “high interest rates”. If they’d been offered a (ridiculous) 95/5 split like the one being proposed for the Carmel based developer (I guess it really is all about who you know), they’d be moving forward, no problem!
We don’t need more apartments in Carmel.
So many more apartments are needed – especially affordable units!
You own Carmel?
Affordable and Carmel?… You must not be from around here.
Couldn’t happen to a better bunch of SimCity players.
Idk but I’m not sure I would ever count on Carmel allowing more “affordable” apartment units.
If its the interest rates, why are other projects moving forward? $100M is being spent by a Simon-backed entity to build a large office tower in Indianapolis. Other projects are moving forward, even if Carmel. No I think it was the TIF split. As the article notes, the TIF split didn’t give them enough, what with higher interest rates.
And what causes higher interest rates? Demand? Higher wages? Supply channel disruptions? Corporate Pricing decisions? Presently, that nasty Biden-Harris economy is delivering higher wages, very high employment level, and lots of infrastructure improvements. Inflation is higher, yes, but because the economy has been humming along. Inflation is coming down as consumers cut back after a few years of spending their COVID savings. That is helping to lower inflation, along with the higher interest rates. Yes, inflation is ugly. But I like seeing road construction and other improvements, knowing those will eventually make life easier and more productive.
If apartments are needed in Carmel, affordable or otherwise, the market will figure it out. Interest rates didn’t kill this project…it was the share of private money required to make it go forward at higher interest rates. If this had been more heavily subsidized by the TIF or other public funding, it would have gone forward…the developers didn’t want to put their own money into the deal…
What large office tower are you referencing?
They had enough money to tear down all the trees creating an eyesore before saying they need more money. All part of the game to make the city cough up more taxpayer cash so the mess gets cleaned up. And Henry saying he negotiates the best deal for the city, that’s funny.