TWG’s ambitious Old City Hall proposal chosen over several other bids
A few of other bids were similar to the selected proposal put forth by TWG Development, while others went in a distinctly different direction. Here’s a look at those proposals.
![](https://www.ibj.com/wp-content/uploads/2023/08/TWG_Alabama_Redevelopment_skyline_1200px-300x185.jpg)
A few of other bids were similar to the selected proposal put forth by TWG Development, while others went in a distinctly different direction. Here’s a look at those proposals.
NXG Youth Motorsports has signed an option to purchase a 2.2-acre, city-owned plot just west of the former Central State Hospital site on the west side of Indianapolis.
Smucker, which makes everything from coffee to peanut butter and jelly, will pay $34.25 per share in cash and stock, and it will also pick up approximately $900 million in debt.
The company, which makes salad dressings, sauces and marinades, employs 230 people in Lebanon and expects to add more.
The slowdown in leasing activity, which began late last year, is putting some developers in a tricky spot.
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.
Following a $45 million renovation, RayzeBio plans to use the plant to make Actinium 225, a radioisotope used for targeted therapy for cancer.
The tax abatement would save the company about $1.92 million in personal property taxes over eight years—about 66.3% of the total in taxes owed.
The 300,000-square-foot facility is being developed by local industrial real estate firm Scannell Properties LLC.
Almost a year after distributions started from the National Opioid Settlement, only $7.1 million has been put to use so far in Indiana as local units of government wrestle with how to make the most of the payments.
If approved, the bonds are expected to pay for the demolition to demolish a former Marion County Jail 1 and renovate portions of the City-County Building ahead of a planned consolidation of city employees from satellite offices.
The company intends to turn a mostly vacant property owned by Cook Medical into a microelectronics manufacturing and packaging facility.
The city will have new places to stay overnight and watch a hockey game. Fishers city government will move into a new home, and so will an Italy-based manufacturer.
Google on Friday announced it has purchased the nearly 900 acres of land being used for the development, which until now has been known as “Project Zodiac.”
Caterpillar said the project would help retain the nearly 1,900 employees who currently work at the facility and create another 100 jobs.
The 110,000-square-foot facility is expected to employ 163 workers by 2029, Boone County and city officials announced Tuesday.
The real estate development firm, which has been based in Indianapolis for 114 years, plans to move to a new $7.3 million building after reaching an incentives deal with Noblesville that was approved Tuesday.
Simtra BioPharma Solutions on Wednesday announced plans to expand its sterile fill/finish manufacturing campus in Bloomington and add about 130 jobs.
Together called the Polymer Recycling Complex, the two side-by-side buildings are expected to work together to recycle plastics from curbside collection and then use that recycled plastic to create new products.
Indiana Attorney General Todd Rokita accused public health entities across the state of submitting “faulty” and “unsound” data when it came to COVID-19’s death toll and positivity rate.