Articles

City aims to attract additional sponsors

Third Street Partners, a marketing firm that hoped to land half a million dollars in corporate sponsorships for the city of Indianapolis, has received a four-year contract extension to bring home red meat.

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Smoking ban proposal advances to City-County Council

The new proposal, which passed through committee Tuesday night, is nearly identical to the last measure except that it no longer bans smoking at existing private clubs. That addition prompted Mayor Greg Ballard to veto the previous version.

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Brainard seeks deal on maxed-out TIF

Carmel Mayor Jim Brainard might relinquish his political trump card in an effort to refinance some of the $240 million in debt that’s weighing on the city’s tax-increment finance districts.

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Deal rekindles $45M downtown project

Former partners in Kosene & Kosene Development have settled a legal dispute that jeopardized redevelopment of the vacant former Bank One Operations Center downtown. Milhaus Development has until May 1 to begin construction.

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Carmel councilors want final say on city’s debt

Carmel City Councilor Eric Seidensticker on Thursday morning proposed an ordinance that would require the council to sign off on any additional debt. The ordinance is backed by at least five of the seven councilors.

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Councilor seeks review of city’s TIF-district strategy

Brian Mahern, a Democrat on the City-County Council, plans to propose a study commission to examine the effectiveness of TIF districts, how property tax caps will affect them, and ways to increase transparency for the complicated financing vehicles.

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