Bus route could boost south-side development opportunities
Leaders on the city’s south side hope a proposal for a rapid-transit all-electric bus route will help spur development along a key corridor that could use more curb appeal.
Development/Redevelopment
Articles
Carmel OKs $20M bond for City Center garage, public space
A divided Carmel City Council on Monday approved a $20 million bond issue to build a parking garage and other infrastructure at Carmel City Center, clearing the way for the final phase of construction at the ambitious mixed-use project.
FEMA, Indiana tell Kokomo to stop stadium work
Despite warnings about violations, Kokomo is pushing forward with the $9 million baseball stadium project, which includes spending $2.5 million on flood-prevention measures along Wildcat Creek.
Pedcor promises plenty of parking at Carmel City Center
Carmel City Council’s finance committee is supporting a $20 million bond issue to finish the ambitious City Center mixed-use development, but not before persuading developer Pedcor Cos. to strengthen an already-unusual array of project guarantees.
City plans new TIF to boost west side
Indianapolis planners say the city needs another $7.1 million to prepare the former Central State Hospital campus for redevelopment, but they’re out of resources. A proposal to raise those funds via a new tax-increment financing district around the 142-acre site is moving through the Indianapolis City-County Council with bipartisan support.
Q&A: Cummins CEO says firm scoped 10 sites for unit HQ
Officials of the Columbus, Indiana-based company even toured the old GM stamping plant before selecting the former Market Square Arena site.
On tap for Grand Park arena: soccer, trade shows and …. beer?
The Westfield City Council is reviewing a pair of proposed subleases that reveal new details about a $25 million indoor soccer arena in the works at Westfield's Grand Park. How much will tenants pay, and who's planning a sports bar?
Design plans to renovate Assembly Hall approved
The $35 million project is to include a revamped south lobby, interactive displays, an event suite, box seating, and an outdoor plaza connecting the arena to Cook Hall.
IU trustees to vote on Assembly Hall renovations
Plans for the arena call for replacing the existing south lobby, adding a box seat club on the concourse level, improved lighting, and renovated concessions and restrooms.
Angie’s List agrees to pay if jobs promise falls short
If Angie’s List fails to live up to promises fueling a taxpayer-subsidized headquarters expansion, the company will pay an undetermined amount into an escrow account for the city’s benefit.
Fishers group snags $2.4M grant for assisted living project
The federal funding will enable AHEPA to convert 24 of 74 units at an area apartment complex into assisted-living housing for low-income disabled seniors.
Cummins debuts design for 10-story downtown tower
Officials for the Columbus-based engine maker are planning a $30 million development, including 164,000 square feet of office space, a conference center, parking garage and lots of public greenspace.
Kroger plans new store on southeast side
A nearly 100,000-square-foot Kroger grocery store is set to anchor a major development in an area on the southeast side that’s been void of much commercial activity.
Three village hubs marked for investment
Great Places 2020 targets intersections that can anchor city’s next walkable villages.
Developer restoring vacant downtown office building
A local developer has purchased a vacant 12-story office building east of Monument Circle downtown and is embarking on $7 million renovation to return the property to its former prominence.
Bloomington tavern taking prominent downtown Indy site
The Tap beer bar has agreed to lease 6,870 square feet at the corner of New York and Delaware streets in the Pulliam Square development.
Airport to market 1,200 acres for sale or development
The 1,212 acres slated for disposal are valued at $83 million and could generate annual tax revenue of $1.7 million, according to the airport’s own estimates.
Redevelopment panel scraps 2 bids for land in Carmel’s Midtown
The Carmel Redevelopment Commission will wait until next year to sell five acres of property along the Monon Greenway in Carmel’s Midtown area, voting Wednesday to reject both bids submitted in response to an October request for proposals.
Red Cross downsizes HQ ambitions, leaving extra lot
The new Red Cross building on North Meridian Street will be about half the size of what the not-for-profit originally proposed, leaving space for another development on the property.
Old school buildings would get new lives under developer’s plans
TWG Development is converting the former Lawrence Central High School into senior apartments and is seeking tax credits to do the same to schools on College Avenue and Lafayette Road.