Articles

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.

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Carmel developer pitching $150M Midtown plan

Carmel-based Old Town Development LLC expects to file plans this week for a $150 million redevelopment project on 11 acres in the suburban community’s blighted Midtown area, between Carmel City Center and the Arts & Design District near the Monon Greenway.

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