If homes don't have a high enough price tag, a municipality could end up losing money. That’s because, under the state’s property tax caps, lower assessed values might not generate enough tax to cover the cost of city services.
City officials say they recognize the need to revitalize Allisonville Road, and the area is a priority as the city creates a framework for the future through its comprehensive plan, which looks as far ahead as 2040.
Hundreds of acres of undeveloped land surround the 35-acre site the popular Swedish home furnishing company selected—land now ripe for new projects. And in other communities, hotels, restaurants, retailers and even tech companies have followed Ikea stores.
On the same night the Fishers City Council gave itself a 58 percent pay hike, members unanimously voted to charge residents and businesses a new tax for every registered vehicle they own starting in 2018.
For years, the cities and towns in Boone and Hamilton counties have invested in trail systems; now they are adding other bike-friendly elements, like dedicated bike lanes, bike routes and loops, and bike-share programs.
In a development deal with Fishers, Indianapolis-based Citimark plans to purchase the 23-acre site that includes the long-vacant former Charles Schwab regional client center and the building that houses Launch Fishers.
The beer management software firm said it would be relocating its offices to the new Four Day Ray Brewing facility on the corner of Lantern Road and North Street. It intends to double its local employment to more than 80 over the next two years.
Mayor Scott Fadness announced Thursday that he would introduce two ordinances next week that would give the city more oversight of any new project near the 116th and 106th Street interchanges of I-69, regardless of whether it meets existing zoning standards.