A spate of large real estate projects in the pipeline for downtown is providing a shot in the arm for a local construction industry still rebounding from the recession.
A Hamilton County agency sees its ad dollars pay off, French Lick Resort unveils a $20 million expansion, winter diving championships are coming to Indy, and Hendricks County tourism grants no longer require matching dollars.
Community executives said the investment and projects, which will begin this fall and extend over several years, prove their long-term commitment to the east side of the city.
Mainstreet Property Group, already the fastest-growing company in the Indianapolis area, now has the fuel it needs to nearly triple its pace of construction of senior care facilities around the country.
One explanation for Indiana University Health’s decision to delay its Methodist Hospital expansion is that new “value-based” payment models appear to be pushing down hospitalization rates, according to a study released Friday.
The economy may be stuck in the doldrums, but government and the private sector are continuing to make huge investments aimed at strengthening the region's future. Check out IBJ‘s complete year-in-review coverage, including a photo gallery, reader poll and A&E recap.
The recession officially ended more than two years ago. But the number of local construction jobs is still down 27 percent from 2007 levels. Will the industry ever feel relief? Some segments might not recover in a big way until 2013.
Every business sector has influential players, whether they are in the public eye or wield their influence behind the scenes. This month, IBJ zeroes in on Health Care and Benefits.
Replacing the existing Wishard Memorial Hospital is so critical to the well-being of the sickly construction sector that one
industry official likens the project to a "lifeline."
Clarian Health is planning to build a bed tower at Methodist Hospital in a massive project that shows renewed
commitment
to the downtown campus. The tower would have 175 to 250 beds and allow Methodist to make all its rooms private.
A symbolic topping-off ceremony early this month to celebrate a milestone on the massive JW Marriott hotel project can’t
hide the anxiety felt within the construction industry.
The most obvious use for the old Wishard site is an expansion of the Indiana University School of Medicine, particularly for
medical research space, university administrators said.
To pay for a shiny new downtown hospital, the parent corporation of Wishard Health Services will commit itself to yearly
debt payments 10 times as high as they are now. But Wishard officials have no doubt they can bear the extra load
because of places like Rosewalk Village, a nursing home that sits on the eastern side of Indianapolis.
