Hogsett prepares to again seek changes to state road-funding formula
But some city-county councilors are so tired of waiting on the Legislature to act that they are suggesting exploring city-based solutions.
Project Funding
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Westfield unveils 8-year, $186M infrastructure plan
That represents $125 million in road improvements, $31 million in new roundabouts, $16.7 million in trail projects and $12.5 million in park projects. Half the projects have fundings allocated; the city is studying how to fund the other half.
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State-led coalition vying for federal funds to create a hydrogen hub
The Indiana Economic Development Corp., along with public and private partners, is hoping for a piece of $7 billion in grants to establish northwestern Indiana as one of a handful of hydrogen hubs nationwide.
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Local companies eye big opportunities in federal infrastructure package
The $1.2 trillion law could be a boon for huge corporations like Cummins Inc. and Allison Transmission Inc. and smaller ones like Telamon Corp., 120Water Inc. and BCA Environmental Consultants LLC.
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Next IndyGo rapid lines move toward reality
Indianapolis is moving ahead with the next two legs of its massive bus rapid transit project, after a messy legislative session and pandemic-related problems threw a wrench in the timeline.
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Articles
Soccer stadium funding plan relies on development pipeline
More than half of the expected developments within the district the city has designated as a professional sports development area, or PSDA, have yet to break ground.
Future of Indy’s eviction-fighting program unclear as funding ends
The Tenant Advocacy Project, launched in 2021, is one of the few tools city officials have to fight Indianapolis’ high frequency of evictions, and organizers want to see the program continue.
Indiana gets the nod to proceed with federal hydrogen hub proposal
The Indiana coalition, which received U.S. Department of Energy encouragement to submit a full proposal, is now deciding whether to join forces with other applicants for a better chance of securing a portion of $7 billion in federal funding.
Financial concerns cast doubt on State Road 32 project
The Westfield City Council president is questioning whether to move forward with a road-widening project more than a decade in the making over concerns that it will exceed its budget.
Emails: Ambrose exited Waterside project 2 weeks after city rejected request for more funding
The Indianapolis-based developer asked the city for an increase of more than $10 million to its incentive package. But following meetings and email exchanges, city officials rejected the request, calling it “not feasible.”
Speedway B&O Trail extensions could spur development
Redevelopment experts are confident the west side will see a jolt in property values and development opportunities as plans to extend a Speedway trail both east and west move forward.
Circle City Industrial Complex lands big loan for updates
The old industrial building, which has about 130 tenants, has been in redevelopment mode since 2015.
Plans for $40 million sports/entertainment complex in Greenwood called off
The proposed 60-acre commercial development has been taken off the drawing board after Indy Fuel owners Jim and Sean Hallett decided to drop plans for a $25 million sportsplex that was to serve as anchor of the project.
City to steer $500K into grocery development in low-income areas
The Hogsett administration plans to use federal grant funding to stimulate the development of one or more grocery stores and help eliminate food deserts.
UIndy launches master’s degree for real estate development
The program is believed to the first of its kind in the Midwest, providing graduate-level classes on financial, management and development skills.
Butler set to start work on $49M School of Business building
Construction on the four-story structure should start next month and will continue a campus transformation featuring more than $220 million in projects.
Future of east-side church, once slated for demolition, still in limbo
TWG Development’s plan to convert the century-old structure into senior housing units has hit a snag, as the project wasn’t awarded federal tax credits in the latest round of allocations.
Redevelopment deal could save historic Cumberland church
After a drawn-out drama over the structure’s fate, TWG Development LLC has agreed to buy the century-old building and convert it into senior housing, contingent upon receiving federal tax credits.
Pittman family properties in $2.4M estate could be auctioned
Heart surgeon John Pittman’s offspring have been feuding in court since September about how to handle real estate in Carmel and Zionsville.
Developer plans $30M urban-style apartment project in Plainfield
Cityscape Residential hopes to break ground in the spring on the 306-unit development, which would be within walking distance of the Shops at Perry Crossing.
Q&A: Scott Harris, outgoing Speedway redevelopment guru
The outgoing executive director of the Speedway Redevelopment Commission waxes on the progress the town has made remaking its Main Street.
Preservation group delays action on project with ‘digital canvas’
Members of the Indianapolis Historic Preservation Commission say they postponed a vote on the Mass Ave project at the request of City-County Council members who argue the building’s massive screen could run afoul of billboard rules. Commission members also questioned the building’s design and even its bold colors.
Bankruptcy, foreclosure filing dog Park Fletcher property
The new owner of 17 buildings in the southwest-side industrial park has filed to reorganize $12.6 million in debt as the lender seeks to foreclose.
Hamilton County seeks an out to avoid referendum for renovation
Hamilton County leaders are asking state legislators for relief from a 2008 law that requires all capital projects costing more than $12 million be put to a vote.