The cash-strapped Indianapolis Airport Authority suddenly can’t look soon enough at developing some of its vast real
estate holdings, including the city’s former passenger terminal. This month, it plans to conduct final contract
negotiations with a firm that would study reuse of the old terminal, adjacent land and other airport holdings.
The Indianapolis Metropolitan Development Commission approved a 10-year tax abatement Wednesday afternoon for a controversial
public-private plan to redevelop a vacant downtown office building.
Fishers development officials hope to create a huge cluster of medical and research facilities near Interstate 69’s Exit
10, near St. Vincent Medical Center Northeast, but local real estate experts disagree about the amount of potential demand
for such a development.
Property owners in Indiana are expected to save more on their tax bills in the next two years than originally predicted
because of caps on property taxes.
Fishers development officials anticipate unveiling plans for a huge medical business park near Interstate 69’s Exit 10
Wednesday
night at the town’s regular council meeting.
The Regions Bank name and logo are joining the city’s skyline atop One Indiana Square, also known as Regions Bank
Tower.
Charter Homes owner Jerry J. Jaquess has been sentenced to two-and-a-half years in prison and ordered to pay restitution of
$825,000 for his role in a $20 million mortgage fraud scheme.
A committee will research a proposal from Bloomington’s mayor to ban new chain or “formula” businesses from parts of the city’s
downtown.
The Historic Landmarks Foundation of Indiana is set to return to its headquarters in downtown Indianapolis tomorrow, six
months after a fire at a neighboring apartment project displaced the not-for-profit.
A local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.
Not long ago, developers seemed to vie for every square inch of open ground in the vicinity of the just-completed Lucas Oil
Stadium. These days, the entire neighborhood has been pushed, if not into a financial deep freeze, then at the very least
to the back of the crisper drawer.
The Metropolitan Development Commission this afternoon approved two requests for property tax abatement, including one for
a mammoth development known as World Connect at AmeriPlex.
A local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.
The owners of two industrial properties that span an entire city block along the Central Canal downtown have put their
properties up for sale with an eye toward redevelopment.
The developer of The Waverley apartments downtown has filed plans to expand the complex because of high demand for one-bedroom
units.
IUPUI is grappling with how to pay for upkeep and improvements necessary to keep its three world-class athletic facilities—and
the city—in the hunt for high-profile sporting events.
If Denver-based Ecolonomic Realty Group decides it wants to pursue a $25 million redevelopment of the old Winona Memorial Hospital site and presents a solid proposal, the city is in no position to turn down the tax revenue it would generate.
The Children’s Museum of Indianapolis wants the city to tear down the old Winona Memorial Hospital so it can build a community park and outdoor learning center. A private firm that specializes in environmentally
impaired properties wants to turn the building into senior apartments.
Prospective buyers need a little vision to see the potential in the four-story former jail at the southwest corner of Maryland
and Delaware streets.
A study commission has concluded that a major development involving a new youth-sports complex would be viable for Westfield,
the city announced this morning.
