If homes don’t have a high enough price tag, a municipality could end up losing money. That’s because, under the state’s property tax caps, lower assessed values might not generate enough tax to cover the cost of city services.
Flaherty & Collins Properties is partnering with the city of Kokomo on an apartment and retail project in the heart of its downtown.
Flat Fork Creek Park features a 50-foot sledding hill, nature trails, a two-mile mountain bike course, a fishing pond and three tree houses. It is set to open Dec. 3.
Columbus, Ohio-based Huntington National Bank has filed plans to construct a 3,180-square-foot brick building on the 2-acre property at 1215 S. Rangeline Road.
The sign could cost about $750,000 and could range in size from 600 to 1,400 square feet and display messages on both sides.
In his state of the city speech, Mayor Andy Cook said he has “wild ideas” for a center that could house government offices, a library or a health center. He also says residents may need to pay $10 to $20 per month more in taxes to fund public safety.
City officials say they recognize the need to revitalize Allisonville Road, and the area is a priority as the city creates a framework for the future through its comprehensive plan, which looks as far ahead as 2040.
After going on paid administrative leave this fall, Carmel City Attorney Doug Haney received a 23 percent raise that will take effect in 2016.
The developer of the Village of West Clay is nixing plans for future commercial growth, saying it’s “unfeasible” to wait for more office and retail possibilities.
NTN Driveshaft Inc. has been offered $5 million in state incentives to build an $87 million plant in Anderson that is expected to employ more than 500 people, state officials announced Tuesday.
The Zionsville Plan Commission approved a rezoning request Monday night that paves the way for a new municipal building and commercial development on the 6.85-acre site that is occupied by the current town hall.
Karen Miller, CEO of The Farmers Bank of Frankfort, died Nov. 6 after a two-year battle with cancer. She was 60.
Hundreds of acres of undeveloped land surround the 35-acre site the popular Swedish home furnishing company selected—land now ripe for new projects. And in other communities, hotels, restaurants, retailers and even tech companies have followed Ikea stores.
The economic development agreement between the city and the Swedish home furnishing company requires the city to cover the costs for road, park, bridge, permitting, development and sewer impact fees. The total savings for Ikea is estimated to be $1.66 million.
Dura Products will construct a 15,000-square-foot building and furnish it with new logistical, IT and manufacturing equipment. The capital investment is expected to be $1.8 million and new equipment is expected to cost $1.15 million.
Fishers officials are considering whether to issue a $1 million bond that the city would pay back by the end of next year to fund road resurfacing projects throughout the community.
The hospital has submitted a rendering to the city of Westfield that shows several multi-story buildings and a parking lot on the northeast corner of State Road 32 and U.S. 31.
Advertisements for traditionally low-wage jobs in hospitality and retail decorate major thoroughfares in the northern suburbs, offering management positions and higher pay as incentives.
Wild Eggs will open at 1438 W. Main St. to the east of U.S. 31, according to permit filings.
Republican Matt Gentry, who won Lebanon's election Tuesday with nearly two-thirds of the vote, was among the 20-something mayoral candidates to claim victory.
