Public-Private Partnership

Commission OK'd land bank deals with charities

May 29, 2013
Kathleen McLaughlin
City development officials were outraged last year to learn that the Indy Land Bank allowed investors to circumvent a public bidding process for real estate by working through a not-for-profit entity. Yet they continued to approve Land Bank transactions with not-for-profits.
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Indianapolis bond bank chief Kintner is clutch hitterRestricted Content

March 10, 2012
Sam Stall
Deron Kintner has stepped up to fund a string of high-profile real estate projects at a time when private-sector financing is scarce.
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Naming-rights deal to benefit city's snow-removal efforts

January 24, 2012
The agreement calls for longtime salt supplier Cargill Inc. to give Indianapolis 125 tons of salt and five pickup trucks equipped with snow plows and salt spreaders.
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State signs sponsor for road-side assistance programRestricted Content

October 22, 2011
 IBJ Staff
State Farm Insurance will pay $1.25 million over the next three years to sponsor the Hoosier Helper program.
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Parking deal netting city more meter money

August 19, 2011
Scott Olson
In the quarter ended June 30, the city's share of revenue from parking meters totaled $498,273 compared with $108,265 in the same time frame of 2010, a 360-percent increase.
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City chamber of commerce, Develop Indy might merge

August 15, 2011
Kathleen McLaughlin
Chamber Chairman John Neighbours said he "wouldn't rule out" combining the economic development groups.
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Lilly's master plan for downtown (real estate)

February 19, 2011
Cory Schouten
As Eli Lilly and Co. outsources work and sheds unnecessary properties, it is making moves with surplus real estate that could establish the strongest physical connection between Lilly and downtown since the company was founded at Pearl and Meridian streets 135 years ago.
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City offers another parks facility for lease

January 24, 2011
Francesca Jarosz
Indy Parks & Recreation officials on Monday issued a request for proposals from entities interested in leasing the Riverside Marina facility near 30th Street and White River Parkway.
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Governor seeking leeway on road dealsRestricted Content

December 18, 2010
Francesca Jarosz
Gov. Mitch Daniels’ legislative priorities for next year include putting guidelines into law that would allow the state to more broadly use the private sector to design, finance or operate public infrastructure.
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City's Conrad hotel investment starts to pay off for taxpayers

November 6, 2010
Cory Schouten
The city put up $25 million for the hotel, restaurant and condo development at the corner of Washington and Illinois streets, including $3.75 million in exchange for the economic equivalent of an 8-percent stake.
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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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Indianapolis-area experts see bright spots amid ongoing real estate weaknessRestricted Content

October 23, 2010
Health care shows signs of life, and multi-family buildings continue to hold their own, experts said during a recent IBJ Power Breakfast.
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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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Parking privatization may spur economic development

April 9, 2010
Peter Schnitzler
Mayor Greg Ballard's potential lease of more than 15,000 street, surface and garage parking spaces could create turnover downtown and in Broad Ripple, boosting retailers and restaurants.
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IFD gets finger-lickin' good sponsorship deal

January 6, 2010
Anthony Schoettle
KFC agreed to pay city for smoke detectors and fire extinguishers in exchange for using Indianapolis Fire Department to help it launch new fiery grilled wings. Mayor Greg Ballard hopes the deal is the first of many such corporate sponsorships.
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Neighborhood revitalization group calling it quits

November 24, 2009
 IBJ Staff
BOS Community Development Corp., created in 1982 to revitalize the Indiana Avenue and Midtown area, says its mission is accomplished.
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City receives host of sale, privatization ideas for water, sewer utilitiesRestricted Content

October 3, 2009
Chris O'Malley
Officials grappling with a water utility deep in debt and a sewer infrastructure needing upwards of $2 billion in upgrades were swamped with proposals about how to fix the mess.
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$65M development deal would cost Capital Improvement BoardRestricted Content

June 22, 2009
Cory Schouten
The Capital Improvement Board could be forced to give up one of its most profitable assets so the city can pull off a $65-million public-private downtown development deal. The city has agreed to help a developer revitalize the vacant former Bank One operations center in part by acquiring an adjacent parking garage for $18.5 million.
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Transit, sustainable development likely to be themes in rescue of near-north neighborhoodRestricted Content

June 1, 2009
Chris O'Malley
Local leaders and, soon, a national team of experts, are quietly developing a strategy to revitalize Marion County's biggest concentration of brownfield sites and impoverished urban neighborhoods, centered at East 22nd Street and the Monon Trail.
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Visible progress in the city hides other troublesRestricted Content

May 18, 2009
Indianapolis still looks like a city with momentum, despite the dismal economy. But appearances can be deceiving.
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Westfield mayor hopes $60M stadium project will transform cityRestricted Content

April 27, 2009
Cory Schouten
Westfield Mayor Andy Cook is proposing a $60 million youth sports complex with a 4,000-seat multipurpose outdoor stadium, indoor sports facilities and sports fields with the goal of establishing the Hamilton County community as the "Family Sports Capital of America."
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CIB rescue plan counts on new hotel being big successRestricted Content

April 13, 2009
Peter Schnitzler
The Marion County Capital Improvement Board's bailout depends on the success of Indianapolis' new downtown JW Marriott convention hotel.
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Private gifts give city a liftRestricted Content

January 26, 2009
State and local governments in Indiana aren't known for pouring tax money into so-called progressive causes. Private money often has to step in.
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Is 2012 Super Bowl wisest investment?Restricted Content

December 8, 2008
Brian Williams
The economic impact of a Super Bowl on the host city is subject to vigorous debate.
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  1. These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.

  2. The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)

  3. As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.

  4. The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.

  5. I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.

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