City Government

Downtown apartment developers take divergent paths to financing

October 30, 2010
Cory Schouten
J.C. Hart Co. spent more than a year securing a $5 million bank loan to expand an existing project; Buckingham Cos. turned to the city to finance its ambitious project just north of the Eli Lilly and Co. campus.
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New parking meter plan could yield Indianapolis more cash

October 30, 2010
Francesca Jarosz
The revised plan calls for less money up front, more over the life of the contract and more flexibility to terminate the 50-year deal early.
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Mayor's communications strategist leaving city post

October 29, 2010
Francesca Jarosz
Robert Vane, Ballard’s deputy chief of staff and communications director, plans to start his own firm specializing in crisis and strategic communications. His last day with the city is Nov. 5.
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Veolia losing water contract, will get $29M termination fee

October 28, 2010
Chris O'Malley
Playing a limited role under Indianapolis Water's new owner, Citizens Energy, wouldn't be profitable, Veolia says. Citizens plans to make job offers to "substantially all" Veolia employees.
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City-County Council approves 2011 budget

October 25, 2010
 IBJ Staff
The CIB's $73.1 million budget, which included a $10 million payment to the Pacers for the operation of Conseco Fieldhouse, passed by a 15-14 vote.
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Some council members still unsure about CIB budget

October 25, 2010
Francesca Jarosz
The Capital Improvement Board’s controversial spending plan will face its final trial Monday night as the City-County Council takes up the city’s $1.1 billion budget for next year.
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City rolls out revised parking-meter deal

October 20, 2010
Francesca Jarosz
City would reap more cash in the long run and get more flexibility to alter the deal if necessary, but the controversial 50-year term of the contract remains.
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Indianapolis wins state "Green Community of the Year" award

October 16, 2010
 IBJ Staff
Mayor Greg Ballard has unveiled a number of green initiatives, ranging from widespread use of hybrid vehicles to making the City-County Building more energy-efficient.
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City pitching in $38M for $192M Clarian project

October 14, 2010
Cory Schouten
The city is kicking in up to $38 million for infrastructure upgrades to support a massive expansion of the Clarian Health campus at 16th Street and Capitol Avenue.
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CIB budget could face rough ride in council

October 11, 2010
Francesca Jarosz
Some City-County Council members are skeptical of the Capital Improvement Board's spending plan for 2011 that includes $10 million for the privately operated Indiana Pacers.
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City not impressed with fixes proposed by Di Rimini developer

October 9, 2010
 IBJ Staff
Developer Jeff Sparks met with city planners Oct. 1 to propose fixes to the apartment project at Capitol Avenue and St. Clair Street.
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City halts apartment developer

October 2, 2010
Cory Schouten
The Near North Development Corp. asked the city in a Sept. 2 e-mail to compare the renderings for the Di Rimini apartment project at 733 N. Capital Ave. with what was actually taking shape. A week later, the Department of Code Enforcement issued a stop-work order for the project.
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Hudnut joins D.C. office of local lobbying firm

October 1, 2010
Hudnut will represent clients in federal government matters for Bose Public Affairs Group LLC, an Indianapolis-based lobbying firm. The former four-term Indianapolis mayor served the city from 1976 to 1992.
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Downtown tax district reaps unexpected windfall

September 29, 2010
Francesca Jarosz
The city has accumulated a $12 million surplus of funds from the downtown TIF district, raising questions from critics who wonder how the windfall came about.
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Critics of parking proposal question $500,000 penalty

September 28, 2010
Scott Olson
City leaders argue the termination fee would be paid only if the city breaks the 50-year agreement after the City-County Council signs off on the deal, not if the contract doesn't win approval.
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Dolce hotel, YMCA part of city-funded 'North of South' development

September 27, 2010
Scott Olson
The city plans to issue bonds and use tax-increment financing to fund the $150M project, which also will include 320 high-end apartments and 40,000 square feet of retail space. Construction should begin this year.
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Democrats charge conflict in parking meter deal

September 22, 2010
Scott Olson
A city lobbyist who also is registered to lobby for Affiliated Computer Services Inc., which was chosen to receive a 50-year lease deal to manage meter operations, says he was not involved in the deal.
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City finance chief to leave post for state role

September 15, 2010
Francesca Jarosz
City Controller David Reynolds, who started with the city when Mayor Greg Ballard took office in January 2008, has accepted a job as senior fiscal analyst for the Indiana Senate's Republican majority caucus.
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Downtown merchants want parking plan revoked

September 13, 2010
Francesca Jarosz
About 80 downtown business owners and employees have signed a petition urging Republican Mayor Greg Ballard's administration to nix major plans to revamp metered parking in Indianapolis.
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City parking agreement to receive first scrutiny

August 30, 2010
Indianapolis' Department of Public Works Board and its City-County Council Rules and Public Policy Committee both will meet on Monday to consider the long-term deal. It would need approval from the City-County Council before taking effect.
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City vendor may get $1.2B from parking-privatization deal

August 28, 2010
Cory Schouten
The pitch from Mayor Greg Ballard’s administration to privatize the city's parking meters is compelling, but the proposal to sell the meters to Dallas-based Affiliated Computer Services Inc. has the city giving up more in the long run than is immediately apparent.
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Arts funding maintained in proposed city budget

August 23, 2010
Scott Olson
Funding for city arts programs is expected to remain at $1 million in 2011, even as the mayor's budget plan calls for cutting $22 million in local spending. Funding for the parks department also should remain flat, at $21.1 million.
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City chooses firm to oversee parking-meter operations

August 20, 2010
Scott Olson
The city has entered into a 50-year lease agreement with Dallas-based Affiliated Computer Services Inc. The city will receive $35 million upfront and a share of revenue to make sidewalk and street repairs. Parking meter rates are expected to double in some areas.
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City lands $13.8M more than expected from water deal

August 19, 2010
Chris O'Malley
The city's AAA bond rating boosts proceeds to $153.8 million. It originally expected $140 million for street, bridge and sidewalk projects.
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Bank On Indy initiative nearing first-year goal

August 19, 2010
Program that aims to reach local population without bank accounts so far has helped more than 7,500 people open an account.
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