A drop in building permits, a gauge of future activity, along with the expiration of a government tax credit for home purchases
suggest the construction gains could fade soon.
Two new lawsuits stemming from Broadbent Co.’s financial problems charge company President George Broadbent defaulted
on loans and owes more than $2.6 million.
Too few of the city's revitalization projects are connected by attractive sidewalks, streets, gardens and plazas.
The addition of an underground parking garage is likely to get Trail Side off the drawing board and under construction.
Renovation work finally has begun on the building at 16th and Pennsylvania streets. Developer Christopher Piazza found two
equity partners for the project because banks were unwilling to lend.
Crews will begin in late April demolishing the first of 74 homes south of downtown Franklin damaged by massive flooding in
June 2008. Officials still haven’t decided how to reuse the land, and residents are torn.
Owner of Flaherty & Collins’ apartment complex in Raleigh seeks to reorganize debts related to a $24.8 million loan. It’s
the second Flaherty & Collins project in North Carolina to fall into bankruptcy in six months.
Vacancy rates unseen in 20 years are hampering efforts by developers.
Thirteen years after Mayor Jim Brainard first described his vision for a new downtown along Range Line Road, Carmel City Center
is starting to look like a city.
Renovation of apartment building owned by the Indianapolis Housing Agency will have to wait, after it failed to receive the
necessary federal backing to fund it. Three other IHA projects, including Caravelle Commons, will move forward, however.
A Bloomington investor bought the sprawling complex out of receivership in 2008, and had hoped
to spend more than $20 million to renovate it.
Butler Automotive Group is proposing a $19 million development along Indiana 37 that could include five auto dealerships and
create about 230 jobs.
The aim is to spur redevelopment on the city’s blighted near-east side before the 2012 Super Bowl is played in Indianapolis.
The city of Indianapolis, which had listed the property for $667,500, had hoped to sell it the former hospital for redevelopment.
As of Monday morning, the Marion County Metropolitan Development Commission had received no bids to buy the property. MDC
is set to begin reviewing bids at its Wednesday meeting.
The city of Franklin is using the post-flood era to push for comprehensive redevelopment in and around downtown.
The cornerstone of the plan is a flood plain southwest of the courthouse.
Century-old firm moves from facility it had occupied since 1936 to former home of Frank E. Irish Co.
City agency plans renovations, expansions at eight apartment properties.
The largest tax credit deal in state history will fund the rehabilitation of 538 apartments in four complexes owned
by the Indianapolis Housing Agency.
Plans call for a Motocross track, one-fifth-mile dirt track and ATV trails on
36 acres near Interstate 465 and Mann Road.
