Articles

Bond wariness might make it tough for cities to borrow

Interest rates on municipal bonds have ticked up in the last two months to pre-recession levels as investors have pulled their money from bond funds in droves. That pattern has begun, gradually, to reverse, but the higher rates could add to the cost of issuing debt for pending city projects.

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Universal curbside recycling program looks iffy

Finding a way to cover the cost of expanding the program with revenue from sales of recycled goods such as aluminum, plastic and glass has proved tough, even as commodities prices rise with the improving economy.

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Ballard to raise millions through utility, meter deals

In the spring, Mayor Greg Ballard introduced a plan to sell the city’s water and sewer utilities to Citizens Energy Group, the public charitable trust that owns Citizens Gas. About six months later, he rolled out a deal to lease the city’s parking meters to a private operator.

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Start of downtown North of South project in flux

The developer of the $150 million mixed-use project in downtown Indianapolis had hoped to start construction by the end of the year. But delays in getting the project zoned properly likely will move the start date back.

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