Downtown heliport’s exit could clear way for redevelopment
The Indianapolis Airport Authority on June 18 agreed to work with city officials to find a new use for the 4.9-acre property at 51 S. New Jersey St.
Mickey Shuey
Articles
CEO: ‘There’s a groundswell of support’ for candy expo to return to Indy
Indianapolis this week welcomed the Sweets & Snacks Expo at the Indiana Convention Center—its first major trade show since March 2020. John Downs, chief of the organization that organizes the event, said he’d like to see it return to Indianapolis in the future.
23-story apartment tower proposed for downtown Indianapolis
If built as proposed, the tower would be the tallest structure to be built downtown since the 28-story 360 Market Square building was completed in March 2018.
NFL to seek bids from other cities to host Scouting Combine starting in 2023
Indianapolis has hosted the NFL Scouting Combine every year since 1987 but will soon have to compete with other cities for the event.
Speedway considering legal options for stalled Wilshaw project
The town of Speedway is considering legal action against the developer of the long-delayed Wilshaw hotel project, after the company declined its requests to provide a public update Monday night on the development’s status.
Fall Creek project hopes to charm on third try for state grant
The apartments would be available to individuals and families making 30% to 80% of the area’s median income, with 14 units set aside for transitional housing for individuals and families experiencing homelessness.
Newfields’ new chair seeks to undo harm of race controversy
Darrianne Christian in May became the first Black woman to chair the Newfields board of trustees, just months after the art museum and gardens faced an uproar over its handling of race and inclusion issues.
Capital Improvement Board sees first financially positive month since pandemic
The operator of the city’s convention facilities reported its best monthly financial performance since the pandemic led the Indiana Convention Center to temporarily close down in March 2020.
Airport working with city to find new use for Indianapolis Downtown Heliport
Under the partnership, the airport and city are expected to “work cooperatively” to find new potential uses for the 4.9-acre property, which aviation officials have requested to close following a decline in the facility’s use in recent years.
Sources: Rolls-Royce planning to vacate two-thirds of its downtown campus
The United Kingdom-based aircraft engine manufacturer is expected to jettison about 270,000 square feet of office space on its 2.2-acre campus at 450 S. Meridian St. About 3,000 people worked in the company’s downtown offices prior to the pandemic.
Developer floating $5M in townhouses made from 32 shipping containers
The homes at 1925 N. College Ave. are expected to be completed by mid-2022, since construction with shipping containers is far less reliant on weather conditions than building typical homes.
Local organizers of college football championship dialing down to finer details
Organizers from more than 20 group met last week to evaluate security and logistical needs and discuss public events, space use and contingency plans for the Jan. 8 spectacle at Lucas Oil Stadium.
City tweaks TIFs to boost affordable housing
City officials are again refining expectations of developers who ask for help in financing projects, with the goal of increasing the affordable-housing stock and reducing the city’s long-term debt.
New nonstop flight to Austin coming to Indianapolis International Airport
The flight will be offered daily for nearly a month before shifting to a twice-daily schedule Oct. 2., with bookings starting June 14.
Incoming commerce secretary eyes ‘quality over quantity’ in economic development
Brad Chambers said he believes a “reevaluation of what the marketplace is doing” by the Indiana Economic Development Corp. will be a good thing—and a natural move for any agency or company when it changes leadership.
Family farm sells for $10.6M, paving way for 250 acres of industrial developments
Opus Development Co. plans to develop up to four buildings on the land in the Mount Comfort corridor, including a 862,000-square-foot distribution facility for Atkins Nutritionals.
CIB optimistic about finances post-pandemic
The Capital Improvement Board of Marion County is working to balance its budget and rebuild its reserves after a year in which it fell $40 million into the red.
Sen. Todd Young’s bill could lead to innovation hub in Indiana
Government and business leaders are preparing to bid to host one of the regional tech hubs that would be created by the U.S. Innovation and Competition Act, even though the bill has yet to pass.
July 4 downtown fireworks show returning after 2020 cancellation
The annual fireworks show has new organizers and a different launch site. The 36-story Regions Tower had been the launch site since the 1970s, but can no longer be used.
New sports tech startup backed by IEDC
The Indiana Economic Development Corp. is backing the effort with a 21st Century Fund grant and expects the initiative to generate new investment and innovation opportunities for the state.