Tax-increment financing

Developer seeks $11.5M subsidy for Carmel project

July 21, 2014
Andrea Muirragui Davis
Edward Rose Development Group is asking the city to issue tax-increment financing bonds to help pay for a parking garage and infrastructure in an $80 million project it's planning.
More

Report: Carmel panel may face TIF shortfall but can pay debts

July 17, 2014
Andrea Muirragui Davis
New financial projections suggest the Carmel Redevelopment Commission will have enough annual revenue to pay its debts for the next 15 years before dipping into reserves. But property taxes from the city’s two-dozen TIF districts could fall more than $1 million short as soon as next year.
More

Tiny Sheridan girds for inevitable growth

June 7, 2014
Andrea Muirragui Davis
The tiny Hamilton County community is mindful of sprawl in Carmel and Fishers, and is determined to absorb growth on its own terms.
More

Pedcor angling for $16M subsidy for City Center expansion

May 31, 2014
Andrea Muirragui Davis
Preliminary plans call for starting work on a parking garage and as many as three mixed-use buildings this fall, with another half-dozen projects in the pipeline.
More

Panel's use of TIF funds spurs new flap in Carmel

December 28, 2013
Andrea Muirragui Davis
The cash-strapped Carmel Redevelopment Commission is revising its 2014 budget to account for the loss of a six-figure income stream critics say it was not entitled to use in the first place.
More

Greenwood, Whiteland try to spur, shape growthRestricted Content

May 18, 2013
Kathleen McLaughlin
Two Johnson County communities are determined to capture—and control—the next wave of suburban growth.
More

Oesterle sells land to Angie's List, reaping millionsRestricted Content

May 18, 2013
Chris O'Malley
Angie’s List Inc. CEO Bill Oesterle has collected millions of dollars over the years by renting to the company property for its campus along East Washington Street. Now, the landlord and chief executive is pocketing millions more by selling Angie’s the property, at well above its assessed value.
More

Development may spawn TIF tug of warRestricted Content

May 11, 2013
Kathleen McLaughlin
The developer of a $17 million mixed-use project proposed for Broad Ripple is expected to seek a city subsidy—support that at least one City-County councilor believes should be reserved for neighborhoods starved for investment farther south.
More

City to buy key parcel for 16th Street tech corridorRestricted Content

April 6, 2013
Scott Olson
The city of Indianapolis is poised to pay Citizens Energy Group $6.5 million to buy a key parcel of real estate it’s targeting as the centerpiece of its ambitious 16 Tech project.
More

Three years after opening, Indiana Design Center fillsRestricted Content

February 23, 2013
Norm Heikens
Tenants include interior designers, artists, kitchen cabinet firms.
More

Iron ore processor plans $350M Indiana project

November 27, 2012
 IBJ Staff
A Minnesota-based mining company plans to spend as much as $350 million to build a iron ore pellet plant in Indiana, creating up to 100 jobs by 2015, the company announced Tuesday morning.
More

City asks developers to make local hires in downtown TIFRestricted Content

October 6, 2012
Kathleen McLaughlin
Indianapolis city-county councilors hope expanding the downtown TIF district will mean more jobs for their constituents. Developers, city contractors and other firms benefiting from the expanded economic-development zone must try to ensure that 40 percent of their work force comes from within the expanded TIF area.
More

Council approves new downtown TIF district

October 1, 2012
 IBJ Staff
The Indianapolis City-County Council on Monday night voted 25-2 to expand the downtown tax-increment financing district to the northeast and northwest.
More

TIF expert is adviser to many municipalitiesRestricted Content

September 15, 2012
Scott Olson
Loren Matthes helped broker first tax-increment financing deal in the state
More

Excess TIF revenue would help close city budget gapRestricted Content

August 18, 2012
Mayor proposes shifting $10 million out of downtown district to help make up for $65 million general-fund shortfall.
More

Carmel moves toward $183 million refinancing

August 17, 2012
Kathleen McLaughlin
The refinancing would free up about $8.8 million for future development projects and keep the Carmel Redevelopment Commission out of the red. But a skirmish is brewing over a CRC proposal for the city to help cover operating expenses.
More

EDITORIAL: Time to break TIF logjam in IndianapolisRestricted Content

August 11, 2012
 IBJ Staff
Republican Mayor Greg Ballard's aides says delayed action on funding proposals could jeopardize pending economic development proposals.
More

Showdown escalates in City-County Council over TIFs

August 4, 2012
Kathleen McLaughlin
Redevelopment of the Massachusetts Avenue fire station could remain in limbo for the foreseeable future, as Mayor Greg Ballard and council Democrats enter a standoff over tax increment financing districts.
More
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

ADVERTISEMENT