Moody’s removes ‘negative’ outlook on city’s credit rating
Moody’s also assigned an initial Aa2 rating to $30 million in revenue bonds issued this year by the Indianapolis Bond Bank to pay for long-term transportation funding.
City-County Council
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Democrat tables proposal for big City-County Council pay hike
The proposal’s sponsor, Democratic Majority leader Monroe Gray, said he intends to bring back the pay-raise plan for a vote early next year.
Proposal to ban sitting, lying down in Mile Square gets little support
A proposal to ban people from sitting and lying down in the Mile Square failed to gain approval in a City-County Council committee meeting Tuesday. The vote took place on same day the mayor announced a plan to dedicate $500,000 to take on homelessness and downtown safety.
City-County Council OKs $30M incentive deal with Dow Agro successor
The City-County Council on Monday approved a plan to provide Corteva Agriscience with $30 million in incentives to maintain operations in Indianapolis, but not without reluctance from some council members.
Democrats to seek major hike in City-County Council pay
Democrats on the Indianapolis City-County Council are planning to introduce a proposal next week that would nearly triple council salaries—the first pay hike for members since 2002.
City considers eminent domain in quest to acquire abandoned apartment complex
The Indianapolis City-County Council’s Metropolitan and Economic Development Committee unanimously approved a proposal to buy the Oak Tree Apartments near 42nd Street and Post Road from Indy Diamond LLC.
Deal to give Dow Agro successor $30M in incentives rankles some councilors
A panel of City-County Council members on Monday advanced a plan to provide Corteva Agriscience with incentives to maintain operations in Indianapolis, but not before several councilors expressed objections.
Lobbyist selected in GOP caucus as new City-County Council member
Danielle Coulter is a senior government affairs associate at Indiana governmental affairs firm Dant Advocacy Inc. She is also a precinct committee member in Franklin Township.
City panel OKs TIF-like districts to help Warfleigh, other flood-prone areas
The City-County Council’s public works committee voted unanimously Thursday night to move a proposal forward that would establish a so-called “flood control improvement district” in the Warfleigh neighborhood, plus parts of Broad Ripple and near Butler University.
Old Southside targeted for $4M city investment through Lift Indy program
The funds are expected to help the neighborhood and its partners invest in upgrades to the area’s local park and improve the infrastructure of South Meridian Street, as well as build several hundred new units of affordable housing.
Kite to build 2 hotels at Pan Am Plaza; city to spend $120M on attached meeting space
The Capital Improvement Board has selected a Kite Realty Group plan from among three proposals in its effort to expand the city’s convention capacity. The CIB is expected to vote Friday to move the project forward.
City-County Council member Kreider to resign after ‘painstaking’ decision
Scott Kreider, who was elected to the council in 2015, is one of 11 Republicans on the 25-seat council.
Hogsett’s $1.17B budget passes City-County Council by unanimous vote
The administration plans to spend $126 million on roads and bridges in 2019, about $30 million more than is slated to be spent this year.
Analysis finds sheriff’s department underfunded, facing big overtime cost jump
A preliminary audit of the sheriff’s office budget and operations, being conducted for the city by consulting firm KPMG, follows a dispute last year over the agency’s budget.
Hogsett declines to take position on proposal that targets downtown panhandling
Indianapolis Mayor Joe Hogsett said Wednesday that he is working with the City-County Council on the proposal and that the language is being vetted by city lawyers. The measure is opposed by advocates for the homeless.
Council OKs $16.7M in financing for $141M in downtown Keystone Realty projects
The Indianapolis City-County Council on Monday night unanimously passed a proposal to give $16.7 million in financing to help Keystone Realty Group overhaul two problem downtown office buildings.
Council panel OKs $16.7M in financing for $141M in Keystone Realty projects
Keystone Realty Group’s plan to spend $141 million on two high-profile downtown redevelopment projects passed a hurdle Monday night as an Indianapolis City-County council committee unanimously approved $16.7 million in financing to help fund the project.
GOP plan would ban sitting, lying down on downtown streets, sidewalks
Proponents say the plan would curb panhandling, but critics say it would unfairly target the city’s homeless population.
Posh Intercontinental Hotel part of $141M redevelopment plan for two downtown buildings
Keystone Realty Group is in line to receive financing help from the city for an ambitious plan that would overhaul two nearly vacant office properties near Monument Circle and bring a prestigious Intercontinental Hotel to Indianapolis.
GOP selects Jefferson Shreve to replace Jeff Miller on council
The selection comes a year ahead of the city’s municipal elections, where all 25 seats on the council will be up for grabs. The council currently has a 14-11 balance in favor of Democrats.