UPDATE: CIB approves Pacers deal to fund $360M renovation, expansion of Bankers Life Fieldhouse
The agreement between city officials and the NBA team provides nearly $800 million in tax revenue to the Pacers over the life of the 25-year deal.
The agreement between city officials and the NBA team provides nearly $800 million in tax revenue to the Pacers over the life of the 25-year deal.
The often-bipartisan Indianapolis City-County Council cast a rare politically divided vote Monday night on a proposal that would, among other things, spend nearly $850,000 to buy new vehicles for city employees.
As city crews fill potholes on Indianapolis streets, Mayor Joe Hogsett’s likely Republican challenger in this fall’s election is trying to define the mayor by those same pockmarked roads.
The mayor and his backers see the city’s transformation as a resounding success. But some residents say it’s been too much, too fast, and has left parts of their community almost unrecognizable.
New Indianapolis Housing Agency Executive Director John Hall is charged with sorting out the agency’s finances and improving the city’s federally funded voucher program.
Representatives from the city were in New York City on Thursday to entice investors to buy bonds to fund the new criminal justice center—a milestone in the giant public project.
The city has approved a scooter license for Spin, which was acquired in November by Ford for upwards of $100 million and is planning to launch in 100 other cities.
The council voted 19-6 to approve Lilly’s request, which is tied to the firm’s pledge to spend $91 million on a building at its Lilly Technology Center that will house the company’s biosynthetic human insulin production operations
The District Tap is proceeding with plans to open a location at 141 S. Meridian St. after receiving approval to add a patio door on Georgia Street.
The council’s Metropolitan and Economic Development Committee voted unanimously to approve the creation of the two new tax-increment financing districts.
The proposed tax abatement is related to a $91 million investment the company is making in a building at the Lilly Technology Center on Kentucky Avenue.
The president of the Capital Improvement Board said negotiations on a 25-year deal with the Indiana Pacers are progressing, but a final pact is likely months away.
The funds will allow the city to start a pilot job program for would-be panhandlers, offering work on projects like graffiti abatement, downtown cleanup or beautification.
The ordinance as originally proposed included a controversial provision that would have reversed the city’s ban on digital billboards, but the provision was removed earlier this month.
The ordinance, if passed Monday night, will make several big business-sign changes that some residents say have been flying under the radar throughout the approval process.
As the mayor seeks a seventh term, the city owes $1.3 billion, according to the Indiana Department of Local Government Finance.
Critics of Indianapolis’ 2010 decision to turn over operations of its parking meters to a private consortium have been counting down the years until their first opportunity to exit the deal.
The move was a big victory for neighborhood leaders who had been fighting to keep in place the city’s ban on digital billboards.
A nearly $38 million project to transform much of the abandoned P.R. Mallory site on East Washington Street into the home of Purdue Polytechnic High School and other tenants is finally moving forward.
The U.S. Department of Housing and Urban Development has awarded nearly $5.6 million to Indianapolis Continuum of Care organizations—a group of social service agencies and not-for-profits that work together to tackle homelessness,