City incentives and a strong apartment market suggest Flaherty & Collins’ proposed $81 million, 28-story downtown apartment tower has a better chance of getting built than two previous attempts to redevelop the former site of Market Square Arena.
The prolific local developer Flaherty & Collins Properties is expected to land a deal with the city to build a residential and commercial skyscraper on part of the former home of Market Square Arena, multiple sources said Monday evening.
City officials will reveal the winner Tuesday morning from six teams that bid on redeveloping the downtown site. All proposed mixed-use projects, but they ranged in size from eight to 52 stories.
A homegrown revival in Shelbyville could gain serious momentum with redevelopment of the vacant First Methodist Building, one of the most prominent buildings on the circle. A California investor bought the five-story building in May and plans a $3.5 million renovation.
When it opens next spring, the aptly named Grand Park Sports Campus will be the largest youth sports complex of its kind in the country.
The Indianapolis Department of Public Safety could save $8.6 million over the next five years by replacing 1,035 non-patrol vehicles with plug-in electric hybrids, according to an internal review released Tuesday.
More than 100 uniformed police officers will be deployed within weeks on Indianapolis' streets to combat a rise in violent crime, under a plan unveiled by the mayor and other city officials.
The Midwestern city best known for its basketball and auto racing is gearing up for a proper game of cricket — the ball-and-bat sport most Americans know only from British films or by surfing through international sports channels.
The Indianapolis Historic Preservation Commission is proposing to take under its jurisdiction 90 buildings on and near the Circle, giving the city stricter control over signage and other changes to building exteriors.
Government entities across Indiana have spent the past two years refinancing every possible bond to take advantage of historically low rates, but the savings might not be so easy to come by if rates continue to rise.
Town officials are working to transform 80 acres of suburban farmland east of Geist Reservoir into a destination-worthy park with adventure options for bikers, hikers, sledders and anglers.
Hostess Brands LLC has asked the city for a tax abatement on $10 million in new equipment. City officials might decide on July 3, but Hostess is moving ahead with its plans to reopen the plant that closed in November.
Instead of freeing up $6 million in Rebuild Indy funds for new recruits, city officials will soon debut a plan to move 100 officers from desk jobs to patrol, according to the mayor.
The biotech and technology companies could see their Marion County tax abatements reduced or cancelled if officials decide they didn’t fulfill promises on new investment and hiring.
Andrew Seiwert, who twice has served as associate corporation counsel for Indianapolis, will succeed Samantha Karn as she takes a position with the University of Indianapolis.
Fishers residents will elect their first mayor a year earlier than expected due to a change in state law that establishes Jan. 1, 2015, as the date the town becomes a city.
A city tax abatement has led Atlanta-based Industrial Developments International to build a 794,608-square-foot speculative building in AmeriPlex and to plan construction of another, 460,000-square-foot building there.
The new owners of Hostess Brands are seeking a tax abatement to support investment of $10 million in new equipment for a plant on the east side that could employ up to 145 people.
The city of Indianapolis won't try to take back properties that were sold by its Indy Land Bank to suspect not-for-profits or to Naptown Housing Group LLC, in which former land bank director Reggie Walton is alleged to be a silent partner.
The tournament is slated for the new Indianapolis World Sports Park on the far-east side for three years beginning in 2014, the USA Cricket Association said.
