Joe Hogsett said more streetlights, for safer streets, would be one of his first priorities as mayor. Nearly four months after taking office, the administration is still in discussions with Indianapolis Power & Light Co.
Ratings service Moody’s said Indianapolis' ability to maintain a AAA rating on $78.6 million of general obligation debt reflects a "healthy financial position despite continued draws on reserves to support ongoing operations and capital maintenance.”
Indianapolis officials had success recovering $1.2 million from Mexico-bound Carrier Corp. In the case of Rexnord Corp., which announced a tentative plant closure last week, the incentives in play could be far less.
Mayor Joe Hogsett's administration is targeting the former General Motors stamping plant site on the west side, where development plans have stalled, and the upstart Market East District on the opposite end of downtown.