Photo Gallery: Phase 2 of Bankers Life Fieldhouse project well underway
The renovations are part of a three-phase $360 million project that tipped off in 2020.
Construction
Articles
Noblesville Schools proposes $4 million tennis facility as its latest capital project
Noblesville Schools’ latest proposal in a string of recent capital projects could bring a 12-court varsity tennis facility to the district’s property just north of Noblesville East Middle School.
Lumber drops to nine-month low, extending retreat from record
The tumble marks a stark turnaround for the common building material after strong U.S. construction demand during the pandemic spurred a surge in orders for lumber, causing prices to more than quadruple to their May peak and fueling inflation concerns.
Indiana construction projects boom thanks to new budget plan
The new state budget adopted in April by the Republican-controlled General Assembly is awash in federal coronavirus relief money, allowing the state to give sizeable funding to projects that had for years been shelved and left out of spending plans.
Library delays new Fort Ben, Glendale branches due to cost escalations
Indianapolis Public Library system said it is seeking a new financing plan after costs grew beyond the budget cap of $12 million for each project.
Infrastructure spending bill fails first vote; Senate to try again
The nearly $1 trillion measure calls for about $579 billion in new spending over five years on roads, broadband and other public works projects, to be followed by a much broader $3.5 trillion measure from Democrats next month.
Some big companies oppose potential tax hikes, but want to profit from infrastructure deal
At least a dozen profitable major U.S. companies paid little or no U.S. income tax in 2020 but are active in industry groups that object to helping fund with taxes the same public projects they want to profit from.
Indianapolis-area home builders see biggest June since 2005
So far this year, 5,710 single-family building permits have been filed in the area, up 46% over the first six months of 2020.
Renovated box factory anchors plans for 40-acre campus in neighborhood dubbed NOMA
Over the last two years, the Stenz Construction Corp., Third Street Ventures and Pure Development have undertaken a $25 million renovation of the former U.S. Corrugated Box Co. building.
A mighty wind pushes builder IEA into top gear
While businesses were laying off employees last year by the boatload because of the pandemic, an Indianapolis company that specializes in building wind and solar farms hired scores of people to tackle new projects nationwide.
State Fair lands $50M to turn swine barn into multiuse facility
The pigs at the Indiana State Fair are officially getting a new place to stay after the state released $50 million to replace the almost century-old swine barn with a multiuse facility that will also be able to host large sporting events.
Infrastructure spending promises boost for industry
Plans to pump money into rebuilding the nation’s roads, bridges and other infrastructure could give companies that make machinery and materials a solid foundation for growth.
Central Indiana existing-home sales, prices continue to escalate
On a year-to-date basis, closed sales are up 10.9% so far this year, to 13,666, compared with 12,320 in the first five months of 2020.
Outdoor-storage firms prepare to scout for land amid growth
The number of properties focused on or allowing outdoor storage is limited—and there’s little indication that that will change anytime soon.
Williams Comfort Air and Mr. Plumber acquired by Georgia company
The acquisition marks Marietta, Georgia-based Wrench Group’s first expansion into the Midwest and adds 400 employees to its operations.
Construction spending posts modest monthly gain
Through the first four months of this year, construction activity is 5.8% higher than the same period in 2020.
Illinois developer plans $20M industrial building in Indiana
The Homerlee Business Park will be built in East Chicago, less than a mile from Interstate 90 and near the Interstate 80/94 expressway.
GOP offers $928B proposal on infrastructure, funded with unused COVID aid
Republicans have rejected Biden’s proposed corporate tax increase to pay for new investments, and instead want to shift unspent COVID-19 relief dollars to help cover the costs.
Parent of Indianapolis-based Pac-Van acquired in billion-dollar deal
Stamford, Connecticut-based United Rentals Inc. paid $19 per share for Pasadena, California-based General Finance Corp.—which has owned Pac-Van since 2008—and assumed $400 million in debt.
Noblesville OKs new vehicle taxes to chip away at Pleasant Street extension costs
The Noblesville City Council approved vehicle excise and wheel taxes Tuesday to generate $1.8 million in annual revenue starting next year. The money is slated to pay for a portion of the city’s estimated $113 million Pleasant Street extension project.