The city’s findings dash the hopes of a historical preservation group that the old law would require a full excavation of the city’s first public cemetery site before work could begin on a bridge over the White River and a proposed Indy Eleven soccer stadium.
As approved by the Metropolitan and Economic Development Committee, the district would collect various taxes to cover a portion of the cost for the stadium at the proposed Eleven Park development. The City-County Council now must weigh in.
The move follows pushback by several neighborhood groups on the north side who expressed concern about the city’s plan, which could rely heavily on the Midtown tax-increment financing district to repay bonds issued for the acquisition.
The eldest son of Indiana Pacers majority owner Herb Simon has made passionate forays into civic engagement, creativity and philanthropy.
The city on Wednesday and Thursday sold $581 million in bonds for the development through the Indianapolis Local Public Improvement Bond Bank, consisting of $436.8 million in tax-exempt revenue bonds for the hotel portion of the project, and another $155 million for the convention center expansion.
Several Indianapolis neighborhood groups are taking issue with the city’s plan to spend up to $26 million in tax revenue earmarked for neighborhood redevelopment to acquire the new family center.
The all-in cost for the redevelopment of Pan Am Plaza is now expected to be $751.6 million. The bond sales to cover much of that cost—creating significant long-term debt for the city—are expected to take place this week.
The coffee shop is among several improvements planned for the 11-story office building that is headquarters to Kite Realty Group.
Barry Collier, who has overseen Butler’s athletic programs since 2006, plans to step down effective April 30, 2024.
The project on the downtown high school school campus entails relocating a pesky Verizon cell tower, reorienting the football field and track and upgrading seating for fans, coaches and the media.
The trip, set for Nov. 14-17, will primarily focus on the $1 billion Gardens by the Bay nature park development, which encompasses 250 acres near Singapore’s southern coast.
Most Indianapolis hotels won’t open bookings for another two weeks, 50 weeks before the first of Taylor Swift’s three shows at Lucas Oil Stadium. But downtown rooms are expected to sell out quickly, followed closely by hotels across the Indianapolis area.
The approval of a new plat map for the nearly 16-acre property in the 6200 block of East Washington Street comes as California-based developer Tallen Capital Partners LLC begins the process of developing a new master plan for the site.
The Department of Metropolitan Development in August issued a request for proposals for updating the long-vacant, city-owned building at 3600 N. Meridian St.
The Metropolitan Development Commission’s approval, which came by a 8-0 vote, sends the proposal to the City-County Council, where it will be introduced Nov. 13.
The project would consist of 42 single-family attached homes in the Martindale-Brightwood neighborhood.
The taxing district, known as a professional sports development area, or PSDA, would allow for the collection of various taxes to cover a portion of the cost for the 20,000-seat stadium.
During a press conference Wednesday to discuss the 2024 NBA All-Star Game in Indianapolis, NBA Commissioner Adam Silver said the All-Star game will return to its classic Eastern Conference-vs.-Western Conference format with a traditional game.
The Fishers team will be the 17th member of the Indoor Football League, which has been operating since 2009, making it the longest continuously operating indoor football league in the United States.
The total economic impact of $1.058 billion found by the months-long study is more than double the figure calculated in a similar study in 2013.
