Feds pitch in to help Citizens with plan to redevelop coke plant
The plant closed in 2007, taking 300 jobs. It opened in 1909 and at one point produced all the gas used for heating Marion County.
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Westfield’s Grand Park far from break-even
Since opening in summer 2014, Grand Park has operated millions of dollars in the red and is projecting a $3.86 million deficit next year. Revenue is growing—but so are expenses.
Moody’s affirms city’s AAA credit rating despite negative outlook
Ratings service Moody’s said Indianapolis’ ability to maintain a AAA rating on $78.6 million of general obligation debt reflects a “healthy financial position despite continued draws on reserves to support ongoing operations and capital maintenance.”
Council has final say on transit tax, even if voters pass referendum
The Nov. 8 referendum—if it’s approved—doesn’t institute a transit tax. It only gives the City-County Council permission to vote on one, if it chooses to.
Mayor unsure how much of Rexnord incentives city could claw back
Indianapolis officials had success recovering $1.2 million from Mexico-bound Carrier Corp. In the case of Rexnord Corp., which announced a tentative plant closure last week, the incentives in play could be far less.
Perceived rise in aggressive panhandling downtown inspires cooperative effort
The first pieces of the new initiative involving businesses, social-service groups and the police are launching this month.
Officials try to strike balance on mayoral pay
Municipalities want to attract qualified and knowledgeable candidates to run for office, but communities have to be cautious about how public dollars are spent.
Council passes Hogsett’s $1.09B spending plan
The budget, Mayor Joe Hogsett’s first in office, sailed relatively smoothly through the public process except for a debate from Republicans about road funding.
Abandoned P.R. Mallory factory to get new life as Purdue high school
The east-side factory used to employ 1,500 dry-cell battery makers, but has been abandoned for decades.
Downtown TIF expansion in works
Mayor Joe Hogsett’s administration is targeting the former General Motors stamping plant site on the west side, where development plans have stalled, and the upstart Market East District on the opposite end of downtown.
Council GOP seeks to spend tax reserves, criticizes Hogsett borrowing plan
Both Indianapolis Republicans and Democrats want to spend $20 million on infrastructure, but the question is about how to fund it.
The Interview Issue: Michael Huber
Indy Chamber President and CEO Michael Huber has found his rhythm as a founding member of the eight-piece party band Chamber Music.
City councilors seek restrictions on booze-cruising pedal pubs
Under rules to be proposed next week, operators of foot-powered trolleys on Indianapolis streets would need to be licensed and insured. City councilors also hope to address noise complaints.
Council committee approves BlueIndy franchise agreement
The deal, which still needs to be approved by the full council, would give the city $45,000 per year in franchise fees.
City considers issuing $75M in debt to pay for projects, purchases
The Hogsett administration’s proposal is to take big-ticket items out of the city’s operating budget to help resolve a persistent budget deficit. Republicans worry about taking on the debt.
After 2 tax hikes, Indianapolis still has fewer police officers
The city of Indianapolis has raised income taxes twice in the last nine years to raise money to hire more police but it still has fewer officers.
Developer of Pulliam project will be first to back new city art program
As the recipient of a $1.1 million city loan, TWG Development has agreed to include public art in its mammoth project on the site of the former Indianapolis Star headquarters.
Coroner’s office wants out of downtown building by January
The office will likely remain in the 25,000-square-foot, privately owned building at 521 W. McCarty St. the next two years while the city explores whether to move the office or have a building constructed.
Developers ironing out details on $20M housing project in Mapleton-Fall Creek
Mapleton-Fall Creek Development Corp. and Merchants Affordable Housing Corp. are closing in on a complex financing plan for the proposed low-income housing development.
Indianapolis Section 8 program to open waiting list next week
The Indianapolis Housing Agency hopes more landlords will participate in the program.