Pacers to sell 15% ownership stake in franchise to billionaire Steven Rales
Rales, a businessman and film producer, will increase his stake in the team from 5% to 20% with the acquisition, which is pending approval of the NBA.
Mickey Shuey
Articles
Department of Metropolitan Development director Carr takes job with Parks Alliance
Rusty Carr was hired to the DMD post after two separate stints as interim director. His final day with the city will be Dec. 29 and he will begin at The Parks Alliance on Jan. 2.
Financing plan for Broad Ripple Park Family Center advances despite neighborhood group concerns
A City-County Council committee on Tuesday unanimously recommended approval of a measure that would allow up to $26 million to be spent to acquire the new Broad Ripple Park Family Center.
Trio of Indianapolis affordable apartment projects receive tax-credit boosts
Bridges Townhomes on the east side, Grand Meridian on the near-north side and Richardson Townhomes at the Central State Hospital campus each received tax credits as part of the 9% Low-Income Housing Tax Credit program for 2024.
City dismisses application of 1923 law on development of historical burial grounds
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.
City committee checks box on downtown taxing district for 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.
City committee delays decision on bond plan for buying Broad Ripple Family Center
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.
Younger Simon uses his influence as Pacers co-owner to better Indiana
The eldest son of Indiana Pacers majority owner Herb Simon has made passionate forays into civic engagement, creativity and philanthropy.
All-in cost of Pan Am Plaza hotel, convention center expansion might surpass $1.6B
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.
Neighborhood groups set to oppose city’s plan to acquire Broad Ripple Park Family Center
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.
Indianapolis officials prepare for $751.6M in bond sales for Signia hotel, convention center projects
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.
Starbucks to launch store in Mile Square after leaving Monument Circle
The coffee shop is among several improvements planned for the 11-story office building that is headquarters to Kite Realty Group.
Butler University athletic director Collier announces retirement
Barry Collier, who has overseen Butler’s athletic programs since 2006, plans to step down effective April 30, 2024.
Plans advance for nearly $6M overhaul of Crispus Attucks athletic facilities
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.
Visit Indy, cultural groups to visit Singapore for ideas about White River
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.
One year out from Swift’s Eras Tour takeover, Indy hotels and other businesses making preparations
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.
Irvington Plaza redevelopment project moves forward after planning delay
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.
Drake apartments property receives five proposals for reuse
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.
MDC approves proposed taxing district for Indy Eleven stadium
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.
Townhome project proposed along Monon Trail on near-north side
The project would consist of 42 single-family attached homes in the Martindale-Brightwood neighborhood.