Indianapolis Blog Posts

City Market proposals: Microbrewery, bicycle hub, agriculture showcase

January 18, 2010
Comments(26)
Six groups are vying to lead a redevelopment effort for the struggling Indianapolis City Market. Check out summaries of each of the proposals.
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Developer plans expansion of Riley Towers apartments

January 12, 2010
Comments(15)
The owner of downtown's Riley Towers apartments is working on plans for a 5-story expansion at 225 E. North St. that would add 54 apartment units and more than 4,000 square feet of retail space.
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Flying Cupcake expands, Bobby Joe's shuts down

January 4, 2010
Comments(25)
The Flying Cupcake Bakery is opening a new location along Mass Ave next door to Scholar's Inn downtown. Plus, more restaurant news!
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Mental health association buys Yellow Rose Inn

December 4, 2009
Comments(6)
An elegant Old Northside mansion known as the Yellow Rose Inn has a new owner with plans to discontinue a bed-and-breakfast operation.
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Group plans to auction relics of downtown architecture

November 4, 2009
Comments(6)

The city has agreed to hand over architectural artifacts from a landmark downtown building to a historic preservation group.

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Historic namesake for German Church Road facing demolition

October 29, 2009
Comments(16)
Historic preservation groups are fighting to save a 1914 church at the northeast corner of Washington Street and German Church Road in Cumberland. The congregation of St. John United Church of Christ has been working on plans to build a new church on Carroll Road and struck a deal to sell the old one to a developer. The plans are rumored to include demolition to make way for a CVS store.
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Trustee seeks bids for former Fall Creek YMCA branch

October 28, 2009
Comments(3)
The owner of the vacant former Fall Creek YMCA along West 10th Street is seeking bidders interested in tearing down and redeveloping the prime 2-acre site at 860 W. 10th St.
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Plans emerge for vacant former Value City store

October 26, 2009
Comments(7)
Two local entrepreneurs have partnered to develop a new conference and event center in the former Value City department store near Lafayette Square Mall.
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New coffee shop named for Fletcher Place founder

October 20, 2009
Comments(9)
Local investors have opened a new coffee shop in Fletcher Place they plan to turn into a not-for-profit to raise money for local charities.
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Amusement center taking space in Clay Terrace

October 15, 2009
Comments(4)
A children's amusement center is taking over the former Circuit City space at Clay Terrace in Carmel.
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Efforts target blight on 16th

October 13, 2009
Comments(9)
A stretch of 16th Street could see new life as the Indianapolis Housing Agency plans to redevelop a troubled low-income housing project and Kroger revives efforts to acquire land and plan a new supermarket to replace a cramped, old-format location.
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City approves new CVS store

October 12, 2009
Comments(3)
The Metropolitan Development Commission has given its blessing to a new CVS store along 82nd Street just east of Interstate 69.
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Around Indianapolis restaurant roundup

October 8, 2009
Comments(9)
Several new restaurants are planned for the Indianapolis area.
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New Circle Centre display promotes Indy attractions

October 5, 2009
Comments(10)
A formerly lifeless stretch of wall on the northern edge of Circle Centre mall is now an engaging tribute to three of the city's most notable attractions.
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Developer plans student housing along canal

September 25, 2009
Comments(23)
A local developer has filed plans to build a new apartment complex designed for college students a few blocks east of the Central Canal.
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Development slow around Lucas Oil Stadium

September 24, 2009
Comments(7)
The hoped-for rush of new development around Lucas Oil Stadium has not materialized.
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Kahn's taking former O'Malia store

August 24, 2009
Comments(12)
Kahn's Fine Wine & Spirits plans to open a second location in a former O'Malia Food Market at the northeast corner of 86th Street and Township Line Road.
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More chocolate, fewer newsstands

August 18, 2009
Comments(11)
Sweets retailer Best Chocolate in Town has opened a second location in Chase Tower. Owner Elizabeth Garber has developed quite a following for her shop at 880 Massachusetts Ave. and now is offering a full selection of hand-made chocolates on the 2nd floor of Chase Tower with Bistro 111.
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College Park theater closes

August 10, 2009
Comments(34)
The AMC Loews College Park 14 movie theater has closed after a 25-year run at West 86th Street and Michigan Road. The outdated theater in the Walmart-anchored complex couldn't compete with Showplace 12 at Traders Point, which opened a few years ago
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Co-op grocery plans take shape

August 3, 2009
Comments(42)
Indy Food Cooperative plans to open the city's first not-for-profit grocery store in a 70-year-old former appliance store along East 10th...
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City wins in digital billboard bout

July 29, 2009
Comments(29)
A Superior Court judge has sided with the Metropolitan Development Commission in a dispute over digital billboards. Outdoor advertising giant Lamar had sought a summary...
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Barley Island taking SI space

July 24, 2009
Comments(26)
Noblesville's Barley Island Brewing Co. is planning to open a second restaurant and brewhouse in the former home of Scholar’s Inn Bakehouse at the corner of...
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Around town restaurant roundup

July 2, 2009
Comments(8)
Several tasty nuggets today: Iozzo's Garden of Italy is slated to open July 17 along Meridian Street just south of Shapiro's and Greek Islands, in the former home of Leland's and Cafe@Ray. The...
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So long, SoDo

June 30, 2009
Comments(18)
The owners of a 1.3-acre parking lot southeast of Meridian and South streets have put the property up for sale, apparently putting an end to the dream...
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Receiver sale for CityView

June 29, 2009
Comments(23)
A 20-story apartment tower in midtown Indianapolis is being offered in a receiver sale for about $42,000 per unit, about a third less than the...
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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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