Downtown Blog Posts

Paramount Tower plan shrinks

August 25, 2008
Comments(42)
Developers are taking a new approach to a student housing project proposed for a 2.3-acre parking lot a few blocks east of the Central Canal....
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Apartments planned for old school

August 22, 2008
Comments(10)
The former Paul C. Stetson School northeast of Fall Creek Parkway and College Avenue could soon find new life as a 47-unit senior apartment complex....
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BW3 defies city's request

August 20, 2008
Comments(122)
Buffalo Wild Wings has responded to the city's beef with its Washington Street façade by submitting a new plan showing the exact design it already constructed. The...
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Back in time: Buildings in the news

July 31, 2008
Comments(21)
First off, an update on the new plans for the Grain Dealers building: London Witte Group has hired locally based Lynn Hines Design Associates to...
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City to BW3: Not so fast

July 30, 2008
Comments(57)
City planners are seeing red over the bright yellow facade at a new Buffalo Wild Wings under construction along Washington Street downtown. Turns...
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Tower House proposal dead

July 29, 2008
Comments(9)
A local accounting firm has bought the Grain Dealers Mutual Insurance building along Meridian Street for its headquarters after a local developer couldn't...
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BW3, Madame Walker & Adobo

July 25, 2008
Comments(17)
Wow, what a busy day. First off: No luck so far snagging a rendering of the new Buffalo Wild Wings under construction along Washington Street...
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Update: Landmarks v. Ivy Tech

July 17, 2008
Comments(63)
The Indiana Historic Landmarks Foundation is fighting a plan by Ivy Tech to tear down...
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Old hospital could face demolition

July 16, 2008
Comments(44)
Ivy Tech State College now hopes to tear down the old Weyerbacher Terrace apartment complex after determining the 1913 structure would be too...
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Cadavers, Pan Am Plaza & more

July 14, 2008
Comments(17)
I missed a few days last week for a wedding in Wisconsin, so it's time to catch up on real estate news ... Cadavers at Circle Centre UPDATE: The exhibition is going to...
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Ralston Square's new look

July 8, 2008
Comments(57)
A $60 million project slated for South Street between Meridian and Pennsylvania streets has a whole new look, along with a couple of anchor tenants. Plans for Ralston Square call for a Cambria Suites hotel, a BlackFinn Restaurant & Saloon...
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New renderings of Allen Plaza

July 7, 2008
Comments(48)
Check out the latest renderings for the revamped Jefferson Plaza, which soon will be known as Allen Plaza. Local favorite Scotty's...
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Infill coming to Fletcher Place

June 26, 2008
Comments(36)
A local firm plans to break ground soon on two new infill buildings in Fletcher Place. The $1.7-million development, called Fletcher Place Terrace, will be built on...
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A new strategy for 707 E. North St.

June 25, 2008
Comments(28)
The developers of an 8-story condo building southeast of College Avenue and North Street have taken a...
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Buzzkill: IHPC kills giant keg signs

June 17, 2008
Comments(11)
Someone must've been drinking when they came up with this: A proposal submitted to the Indianapolis Historic Preservation Commission last month called for three 10-foot-tall, protruding kegs with taps facing the...
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First Dunkin impressions

June 13, 2008
Comments(20)
The downtown Dunkin looks like it'll be ready before the June 26 target opening date. Workers are installing the signs today, so I thought I'd post this photo by our own Robin Jerstad. Thoughts on the new look?More

It's hot, and Villagio needs a pool

June 10, 2008
Comments(43)
The developers of downtown's Villagio at Page Pointe are hoping city officials will waive development standards so condo owners can cool off in a new pool next door to...
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Rebirth for Ambassador?

June 9, 2008
Comments(13)
Two local developers have submitted bids to redevelop the Ambassador apartments adjacent to the Central Library. Van Rooy and Buckingham both proposed mixed uses for the Ambassador building, with street-level retail and commercial...
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Board eyes building near Lucas Oil

June 6, 2008
Comments(9)
The Capital Improvement Board likely will buy one-story building across the street from the new Lucas Oil Stadium. The board has an option to purchase the Easterday property, which it has been...
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L'explorateur, Scotty's & Tango

May 27, 2008
Comments(12)
I've got a couple of downtown restaurant nuggets. But first, mark your calendars: The summer edition of Devour Downtown starts Monday. Enjoy a special $30 menu at many of downtown's top eateries for two weeks. Bon appetit! More

State drops canal development

May 24, 2008
Comments(30)
A 1-acre site along the Central Canal will not be developed, at least for now, a state official said in an e-mail. The state's public finance director, Jennifer Alvey,...
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Panera coming downtown

May 22, 2008
Comments(24)
Weber Grill Restaurant could soon get some company. Panera Bread Co. is close to a deal to take the remaining portion of the former Old Navy space in Claypool Court. If landlord Simon...
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Stutz Tower vision takes shape

May 15, 2008
Comments(25)
The developer behind Stutz Business Center is pushing forward on plans for a tower at the southeast corner of Senate Avenue and 11th Street. The project could be as...
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A new Cosmopolitan view

May 5, 2008
Comments(28)
Check out this new rendering of the $33 million Cosmopolitan on the Canal project. Locally based Flaherty & Collins Properties is building on a site...
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The other convention hotels

April 29, 2008
Comments(65)
A 1,000-room JW Marriott convention hotel will anchor the $425-million hotel complex planned for the southwest corner of West and Washington streets. But it won't be the...
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  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

  3. Clearly, there is a lack of a basic understanding of economics. It is not up to the company to decide what to pay its workers. If companies were able to decide how much to pay their workers then why wouldn't they pay everyone minimum wage? Why choose to pay $10 or $14 when they could pay $7? The answer is that companies DO NOT decide how much to pay workers. It is the market that dictates what a worker is worth and how much they should get paid. If Lowe's chooses to pay a call center worker $7 an hour it will not be able to hire anyone for the job, because all those people will work for someone else paying the market rate of $10-$14 an hour. This forces Lowes to pay its workers that much. Not because it wants to pay them that much out of the goodness of their heart, but because it has to pay them that much in order to stay competitive and attract good workers.

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  5. It is sad to see these races not have a full attendance. The Indy Car races are so much more exciting than Nascar. It seems to me the commenters here are still a little upset with Tony George from a move he made 20 years ago. It was his decision to make, not yours. He lost his position over it. But I believe the problem in all pro sports is the escalating price of admission. In todays economy, people have to pay much more for food and gas. The average fan cannot attend many events anymore. It's gotten priced out of most peoples budgets.

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