SEPT. 15-21, 2023
Everybody loves vibrant neighborhoods and a good comeback story, but residents of the resurgent Riverside neighborhood are concerned about a corresponding rise in their property taxes. Taylor Wooten reports on a city pilot program that could grant them some grace. Also in this week’s issue, Mickey Shuey reports that Mayor Joe Hogsett’s administration has decided against redeveloping the City-County Building and instead will consolidate offices from around the city into the 28-story monolith. And Peter Blanchard examines the national bidding war for big manufacturing projects that pits Indiana against states across the country and drives up the cost of incentive packages.
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Pilot program aims to give relief to Riverside property taxpayers
The Indianapolis City-County Council approved a proposal on Monday creating the Riverside district and a tax credit for longtime homeowners in the neighborhood who are over the age of 55.
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Push for high-tech plants drives up cost of incentives
National efforts to boost computer chip and electric vehicle production are fueling a bidding war among states, including Indiana, that is driving up the cost and number of so-called “megadeal” incentive packages exceeding $50 million.
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City drops plan to redevelop City-County Building
The city will work through 2024 to consolidate into its most prominent piece of real estate offices that are now scattered around downtown, including those of the Department of Public Works and the Department of Business and Neighborhood Services.
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Device measures force of hands-on therapy
Researcher Terry Loghmani and two colleagues have developed a medical device they say can help physical therapists monitor the level of pressure they apply to the soft tissue of patients seeking greater mobility and pain relief.
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Derek Schultz: Indy’s ‘prime time’ personalities
And while there are other valid reasons to put the unbeaten Buffs back on TV, we all know the reason the networks are scrambling to get their cameras out to the Rockies: They can’t get enough of Deion Sanders.
Read MoreIndiana 250: Brian Bauer
Brian Bauer has been Indiana University Health’s Fort Wayne president since January 2019 and is also a co-owner of the Indy Eleven soccer club. He worked previously as president of Terre Haute Regional Hospital and most recently as president of Lutheran Hospital/Lutheran Health Network. The owner of a seafood, steak and sushi restaurant in Fort […]
Read MoreMade in Indiana: Chicken-based pizza crust by ZeroCarb Lyfe
History: Evansville-based ZeroCarb Lyfe was launched by co-founders Omar Atia and Mohamed Aly in April 2020. But the company’s origin story begins in 2006 when Aly, who is diabetic, developed a chicken-based pizza crust as an alternative to carb-heavy traditional crusts. Atia, who was born in Chicago but grew up in Indianapolis, has engineering degrees […]
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Indiana gubernatorial candidates share platforms at Hamilton County GOP dinner
The evening provided a rare chance to see five gubernatorial candidates among a friendly audience of wealthy donors and party faithfuls.
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City secures $24M loan from state for ‘confidential’ downtown project
The loan, which was approved by the Metropolitan Development Commission, is expected to be used for “downtown redevelopment efforts.”
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Emmis lists Monument Circle HQ for $35M
The seven-story, 140,000-square-foot structure at 40 Monument Circle was built in 1998 as a dedicated home for Emmis, then a growing media company.
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Long an east-side question mark, Irvington Plaza now has a buyer with plans for redevelopment
A firm owned by a former IU football player is in the early stages of revamping the deteriorating shopping plaza that once served as Irvington’s main retail hub.
Read MoreIU Health downtown hospital plan to get another city review
The Department of Metropolitan Development staff is recommending approval if IU Health explains why it changed several items in the plan, including why it wants to build two surface lots for 291 cars on sites that were previously planned for structures.
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Grand Park expects thousands to attend 5-day pickleball event
The inaugural APP Collegiate Championships and Midwest Open will take place at the 378,000-square-foot Grand Park Events Center.
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Local industrial demand cooling as brokers look to fill massive buildings
The slowdown in leasing activity, which began late last year, is putting some developers in a tricky spot.
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Downtown office space at crossroads, local broker says
John Robinson, managing director for the Indianapolis division of Chicago-based JLL, said during an IBJ panel discussion Friday that he expects at least three of downtown’s 10 major office towers to go through foreclosure or take big losses in a sale over the next few years.
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Editorial: Broader vision needed for Circle
We need developers, business leaders, city-county councilors, downtown residents and others to make sure the Circle remains vibrant now and for future generations.
Read MoreLesley Weidenbener: News decisions are made in the newsroom
Do other folks who work at IBJ Media have opinions about what we do in the newsroom? You bet. Do we listen to their concerns and questions? Of course. But ultimately, I’m responsible for our news decisions.
Read MoreRep. Andre Carson: Welcoming immigrants is part of Hoosier hospitality
Without addressing labor shortages, our reliance on imported crops grows.
Read MoreCliff Chapman: Let’s clear the air by planting trees throughout Indiana
Our soils and meteorological conditions are nearly perfect for growing trees that absorb and lock in carbon.
Read MoreSamantha Julka: Discovering the recovery in the work we do
When I shared my morning experience with my colleagues, they said, “You might need to find more recovery time in your schedule.”
Read MoreMickey Kim: Not-so-shocking truth: Investors are own worst enemy
The investors’ mantra to “buy low, sell high” seems both simple and easy, but unfortunately, we humans are hard-wired to do just the opposite, and our bad habits of “chasing performance” and trying to “time the market” cause us financial harm.
Read MoreCecil Bohanon and John Horowitz: Use valuable resources for valuable purposes
Of course, discerning eligibility and benefits for a firm or not-for-profit can be tricky, which is one reason consultants offer their services.
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