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Tax-increment financing
Greenwood, Whiteland try to spur, shape growth
May 18, 2013
Kathleen McLaughlinTwo Johnson County communities are determined to capture—and control—the next wave of suburban growth.
MoreOesterle sells land to Angie's List, reaping millions
May 18, 2013
Chris O'MalleyAngie’s List Inc. CEO Bill Oesterle has collected millions of dollars over the years by renting to the company property for its expanding 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.
Development may spawn TIF tug of war
May 11, 2013
Kathleen McLaughlinThe 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.
MoreCity to buy key parcel for 16th Street tech corridor
April 6, 2013
Scott OlsonThe 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.
MoreThree years after opening, Indiana Design Center fills
February 23, 2013
Norm HeikensTenants include interior designers, artists, kitchen cabinet firms.
MoreIron ore processor plans $350M Indiana project
November 27, 2012
IBJ StaffA 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.
MoreCity asks developers to make local hires in downtown TIF
October 6, 2012
Kathleen McLaughlinIndianapolis 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.
MoreCouncil approves new downtown TIF district
October 1, 2012
IBJ StaffThe Indianapolis City-County Council on Monday night voted 25-2 to expand the downtown tax-increment financing district to
the northeast and northwest.
MoreTIF expert is adviser to many municipalities
September 15, 2012
Scott OlsonLoren Matthes helped broker first tax-increment financing deal in the state
MoreExcess TIF revenue would help close city budget gap
August 18, 2012
Mayor proposes shifting $10 million out of downtown district to help make up for $65 million general-fund shortfall.
MoreCarmel moves toward $183 million refinancing
August 17, 2012
Kathleen McLaughlinThe 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.
MoreEDITORIAL: Time to break TIF logjam in Indianapolis
August 11, 2012
IBJ StaffRepublican Mayor Greg Ballard's aides says delayed action on funding proposals could jeopardize pending economic development
proposals.
MoreShowdown escalates in City-County Council over TIFs
August 4, 2012
Kathleen McLaughlinRedevelopment 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.
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Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.