Development/Redevelopment

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ARTICLES

Redevelopment of Speedway's Main Street progressing north

The town's redevelopment commission has agreed to sell the vacant building that housed Rosner Drugstore and will seek proposals next month to develop land across the street.
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Bus route could boost south-side development opportunities

Leaders on the city's south side hope a proposal for a rapid-transit all-electric bus route will help spur development along a key corridor that could use more curb appeal.
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Carmel OKs $20M bond for City Center garage, public space

A divided Carmel City Council on Monday approved a $20 million bond issue to build a parking garage and other infrastructure at Carmel City Center, clearing the way for the final phase of construction at the ambitious mixed-use project.
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FEMA, Indiana tell Kokomo to stop stadium work

Despite warnings about violations, Kokomo is pushing forward with the $9 million baseball stadium project, which includes spending $2.5 million on flood-prevention measures along Wildcat Creek.
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City plans new TIF to boost west side

Indianapolis planners say the city needs another $7.1 million to prepare the former Central State Hospital campus for redevelopment, but they’re out of resources. A proposal to raise those funds via a new tax-increment financing district around the 142-acre site is moving through the Indianapolis City-County Council with bipartisan support.
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Pedcor promises plenty of parking at Carmel City Center

Carmel City Council’s finance committee is supporting a $20 million bond issue to finish the ambitious City Center mixed-use development, but not before persuading developer Pedcor Cos. to strengthen an already-unusual array of project guarantees.
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Q&A: Cummins CEO says firm scoped 10 sites for unit HQ

Officials of the Columbus, Indiana-based company even toured the old GM stamping plant before selecting the former Market Square Arena site.
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On tap for Grand Park arena: soccer, trade shows and .... beer?

The Westfield City Council is reviewing a pair of proposed subleases that reveal new details about a $25 million indoor soccer arena in the works at Westfield's Grand Park. How much will tenants pay, and who's planning a sports bar?
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Design plans to renovate Assembly Hall approved

The $35 million project is to include a revamped south lobby, interactive displays, an event suite, box seating, and an outdoor plaza connecting the arena to Cook Hall.
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Angie's List agrees to pay if jobs promise falls short

If Angie’s List fails to live up to promises fueling a taxpayer-subsidized headquarters expansion, the company will pay an undetermined amount into an escrow account for the city’s benefit.
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