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Area home-building activity up in first quarter

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New-home construction in the Indianapolis metropolitan area surged during the first quarter of 2012 compared with the same period last year, bolstered by stronger activity the past two months.

Permits filed in the first three months of the year in the nine-county area totaled 872, a 13-percent increase, according to the Builders Association of Greater Indianapolis.

March filings rose 6 percent, from 374 to 395. But the number of permits filed in February jumped a whopping 40 percent compared to the same month in 2011, helping builders rebound from a sluggish January.

The first month of the year is typically slow for building permits. Just 196 were filed in January, a 1-percent dip from last year.

In March, Hamilton County registered 148 permits, the most of the metro-area counties. Yet, it registered a decrease of 6 percent from March 2011.

In Marion County, builders filed 63 permits in March, just one fewer than they did last March.

Building activity was strongest in Hendricks County, where 75 building permits were filed last month, a 36-percent increase from March 2011.

Though building activity is trending up in 2012, it’s still well behind the pace set before the recession. In the first three months of 2007, for instance, area building permits totaled 1,676, almost double the first quarter of 2012. In the first quarter of 2006, 2,712 permits were filed—more than three times as many as the most recent quarter.

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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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