Hamilton County Blog Posts

Keystone seeks $3.8M subsidy for Carmel project

August 29, 2014
Comments(9)
Keystone Realty Group is asking Carmel to issue $3.8 million in economic development bonds to help pay for parking and site work on a 5.3-acre property it plans to redevelop at the intersection of Old Meridian and Main streets.
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Noblesville signals support of State Road 37 overhaul

August 27, 2014
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Hamilton County Commissioners wrapped up the local-government leg of their State Road 37 road show Tuesday, asking Noblesville Common Council to consider a resolution endorsing a Keystone Parkway-like overhaul intended to ease congestion.
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Fishers redevelopment draws homegrown Pure Eatery

August 26, 2014
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The owners of Fountain Square’s Pure Eatery are planning to open a second location in downtown Fishers early next year. Plus: Gumbo A Go Go, Wolfies and pizza news.
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CIRTA unveils commuter-bus schedule for Fishers, Carmel

August 25, 2014
Comment(1)
Hamilton County commuters who ride the Indy Express Bus to and from downtown Indianapolis will have fewer departure options starting Sept. 2. A new schedule was released Monday afternoon.
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Plans for long-contentious Westfield corner gain steam

August 22, 2014
Comments(3)
An Indianapolis-based development group is moving forward with plans for a CVS Pharmacy-anchored commercial development at the southeast corner of 161st Street and Spring Mill Road in Westfield.
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Crowdfunding campaign seeks to move historic house

August 22, 2014
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Nickel Plate Arts and the Noblesville Preservation Alliance are kicking off a $115,000 crowdfunding campaign to move the historic Flanagan House in Fishers.
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Fishers OKs deal to land Sun King brewery

August 19, 2014
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Fishers Town Council unanimously approved an economic development deal Monday that will allow Sun King Brewing Co. to plant some of its growing business in the suburban community. Members also voted on a commuter-bus subsidy.
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Locals asked to help fund commuter-bus service

August 18, 2014
Comment(1)
Fishers Town Council on Monday is expected to consider a subsidy of up to $22,500 to keep the Indy Express commuter buses running for the rest of 2014. Carmel City Council, meanwhile, has a $30,000 grant request on the table.
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Fishers' bike-share program to start with training wheels

August 15, 2014
Comments(7)
Fishers expects to roll out a pilot bike-sharing program this month in its downtown Nickel Plate District.
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Mass Ave merchants' pop-up shop reopening in Carmel

August 12, 2014
Comments(3)
Mass Ave retailers are making a return trip to Carmel's Main Street, and they could stay longer this time.
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St. Vincent Heart Center seeks to build helipad in Carmel

August 8, 2014
Comments(8)
St. Vincent Heart Center is seeking city permission to build a helipad on church-owned property south of 103rd Street in Carmel, about a half-mile from the specialty hospital.
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Fishers Switch construction could start this month

August 7, 2014
Comments(18)
Work is expected to begin this month on a $28 million mixed-use project on the site of the Fishers Train Station, which will be demolished to make way for offices, retail and apartments in the burgeoning suburban downtown.
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State Road 37 overhaul plan inches forward

August 5, 2014
Comments(7)
The facts aren’t in dispute: Congestion on State Road 37 in Hamilton County must be addressed before development along the commercial corridor turns it into a parking lot. But easing rush-hour backups along the highway won’t be cheap or easy.
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Developer pitches plans for former Carmel golf course

August 1, 2014
Comments(4)
Plans for the former Sunrise Golf Club property along the Monon Greenway in Carmel are coming into focus as the developer asks the city to approve a rezoning request.
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Carmel marketer deploys flying camera

July 30, 2014
Comments(21)
Carmel marketing firm Fat Atom’s new toy tends to draw a crowd, giving the agency high hopes for the business its drone could deliver.
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Square Donuts signs lease in Carmel

July 28, 2014
Comments(8)
Indianapolis’ Square Donuts franchise is growing, with plans to open a Carmel location within weeks. Plus: McDonald's eyes The Bridges.
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Sheridan OKs rezoning to recruit growing business

July 25, 2014
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A divided Sheridan Town Council agreed Thursday to rezone about 50 acres of land along State Road 47 to allow for industrial uses—clearing the way for a multimillion-dollar business expansion.
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Roundup: Aurelio's Pizza, ice cream 'emporium' and Dottie Couture in Fishers

July 23, 2014
Comments(22)
Chicagoland favorite Aurelio’s Pizza is extending its reach into central Indiana, with plans for a restaurant in Fishers. Plus: ice cream, sushi, and more Dottie Couture.
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Fishers conference center property owner files bankruptcy

July 22, 2014
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Fishers Banquet & Conference Center’s owners insist business is booming despite a recent bankruptcy filing by the entity that owns the property at 9779 North by Northeast Blvd.
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Byrd's flying north to renovated Fountains facility

July 21, 2014
Comments(2)
The Carmel banquet center formerly known as The Fountains is being remodeled to accommodate new tenant Jonathan Byrd’s Catering.
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Upstart grocer Fresh Thyme eyes Fishers site

July 18, 2014
Comments(8)
Specialty grocery startup Fresh Thyme Farmers Market is eyeing a location on 116th Street in Fishers, where it would anchor a commercial development just east of Hoosier Road.
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Noblesville OKs apartments despite concerns

July 16, 2014
Comments(7)
Noblesville Common Council signed off Tuesday on three apartment projects that will add almost 850 units to the city’s housing inventory, then agreed to talk about when to say when.
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Pizzology to fill vacant restaurant space in West Clay

July 15, 2014
Comments(4)
Local restaurateur Neal Brown is bringing his popular Pizzology Pizzeria + Pub concept to the Village of West Clay, targeting a late-September opening for its third location.
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Zionsville poker player wins big at World Series

July 15, 2014
Comments(3)
Forgive me if I’m a bit bleary-eyed today. I was up late watching live updates from the World Series of Poker in Las Vegas—and tracking the incredible success of Zionsville software developer Chris Greaves, who outlasted more than 6,670 players to finish 12th.
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Westfield council will wait to decide on landmark towers

July 14, 2014
Comments(0)
Westfield City Council is delaying a decision on a $3 million plan to erect two concrete-and-steel towers at a prominent U.S. 31 intersection.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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