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1,254 results for 'abatement'

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Articles

Zionsville boosts VanTrust’s $98 million warehouse project

July 8, 2020 | Kurt Christian

The Kansas City, Missouri-based developer was granted tax abatement for a second phase of its 160-acre Hub I-65 warehouse and distribution project, the first phase of which is nearly finished.

Lilly seeking $23.8M tax break to expand diabetes research, production

July 21, 2020 | John Russell

In the past seven years, the drugmaker has received tax breaks worth nearly $40 million in exchange for investing more than $500 million at its Indianapolis properties.

Hotels at Pan Am Plaza to create 600 jobs paying at least $14 an hour

July 28, 2020 | Samm Quinn

The project, which includes plans for a $125 million expansion of the Indiana Convention Center, would also create 2,500 construction jobs before completion in 2025.

Simon Property misses Wall Street expectations as profit sinks

August 10, 2020 | Susan Orr

The Indianapolis-based shopping mall operator said all of its U.S. properties have reopened, with the exception of a handful in California that were forced to close for a second time on July 15 because of government mandates.

Simon Headquarters

Rapid growth of e-commerce likely to fuel industrial-market momentum for years to come

August 14, 2020 | Mickey Shuey

The planned, 2.2-million-square-foot Walmart distribution center is one of a dozen warehouses exceeding 900,000 square feet to enter the Indianapolis market since 2011.

Distribution building sells for $28.5 million

August 14, 2020 | IBJ Staff

Pennsylvania-based Exeter Property Group has acquired a 604,000-square-foot speculative industrial property at the Fishback Creek Business Park in Whitestown.

West Fork Whiskey plans $10M Westfield attraction

August 19, 2020 | Kurt Christian

The agritourism facility would bring a restaurant and cocktail lounge, event center, speakeasy, and whiskey production and aging space to the corner of Horton Road and East 191st Street by the end of next summer.

Westfield council OKs $3.5M tax abatement for software firm’s HQ

August 24, 2020 | Kurt Christian

Carmel-based SEP and Indianapolis-based developer Pure Development Inc. are partnering to build the 70,200-square-foot facility in Westfield by the end of next year.

MWI Animal Health moving from Whitestown to Zionsville, adding 51 employees

October 7, 2020 | Kurt Christian

The Idaho-based veterinary and agricultural animal health products supplier plans to spend $5.8 million to expand its local operations.

Fishers council OKs $10M in incentives for biopharm firm, Maple Del development

October 19, 2020 | Kurt Christian

The Fishers City Council on Monday approved two economic development deals that are expected to lead to a combined $96 million in investment.

Starch manufacturer seeks $2.6M tax break for expansion plans

October 27, 2020 | Samm Quinn

The company does not plan to add any jobs as it expands operations southwest of downtown, but it will retain 374 employees who earn an average hourly wage of $33.92.

Drury drops plans to recast former Caribbean Cove property, will sell land

November 10, 2020 | Mickey Shuey

The now-vacant land quietly went up for sale in July. It’s now under contract along with Drury Hotels’ Pear Tree Inn at 9320 N. Michigan Road

Caribbean Cove

Pharmaceutical manufacturer seeks $6.5M tax abatement for Indianapolis plant

December 1, 2020 | Samm Quinn

A City-County Council committee on Monday advanced a proposed tax abatement for a pharmaceutical company that plans to spend $72 million to build a new facility near the Indianapolis International Airport.

City-County Building

Owners of downtown towers plan $55M renovation, request $10M tax break

December 1, 2020 | Mickey Shuey

The Gold Building’s exterior overhaul is expected to completely replace the iconic gold panels with “crystal gray” panels from the third floor through the 20th.

Combined state, local incentives for Elanco total at least $150M

December 4, 2020 | Lindsey Erdody

The total doesn’t include the value of the land the state will give to Elanco Animal Health for the project. Even so, the combined city and state package is possibly the largest amount of tax breaks ever considered for an economic development deal in Indiana.

Greenfield leaders hopeful city will recover from losing Elanco HQ

December 4, 2020 | Samm Quinn

Elanco Animal Health Inc.’s announcement Friday that it will move its headquarters to Indianapolis came as a surprise to many business leaders in Greenfield. While disappointed, they say they are hopeful the move won’t be a significant blow to the city’s economy.

elanco animal health

Local chocolatier to open retail space, tasting room

December 10, 2020 | Susan Orr

SoChatti is adding the storefront to its production, research and warehouse facility in the Circle City Industrial Complex on the city’s near east side. Also this week: J’s Lobster & Fish Market, The Spice Box.

Dinner at Governor’s Residence, $25M land purchase helped snag Elanco HQ

December 11, 2020 | Mickey Shuey

The state’s pitch to keep Elanco Animal Health Inc. in Indiana for the long term began with a dinner at the Governor’s Residence two years ago.

Fort Harrison’s last historic building up for grabs

December 17, 2020 | Susan Orr

The building, which formerly served as the post exchange for soldiers stationed at Fort Benjamin Harrison, was offered for sale by the Fort Harrison Reuse Authority this week. Also this week: Tru by Hilton, Culver’s and more.

Fishers firm to redevelop part of 96th Street Marsh into new headquarters

December 21, 2020 | Kurt Christian

Memory Ventures, a local media digitization company, is taking over the redevelopment of a former Marsh Supermarket in Fishers. The site previously slated for partial demolition will now be turned into the growing company’s new headquarters.

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