Indianapolis Business Journal

MARCH 30-APRIL 5, 2018

Indianapolis-based Lilly Endowment Inc. is the third-largest private charitable foundation in the country and has given hundreds of millions of dollars to arts organization in the city. But once you cross 96th Street? Nothing. The longstanding policy is to keep funds in the city in which Eli Lilly and Co. was founded. Lindsey Erdody reports that Carmel’s arts leaders and Mayor Jim Brainard say it might be time for the foundation’s board to reconsider. Also in this week’s issue, Hayleigh Colombo reports that the Hogsett administration is racing against a deadline to tear down blighted and abandoned homes with $3 million it has remaining from a federal grant. And Scott Olson explores the latest obstacle to the creation of a $3 million fund to spruce up downtown.

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Custom homebuilder expands to downtown condos

Litz & Eaton Development Co. and its two affiliates have grown from annual revenue of $1 million in 2011, the year residential developer Brad Litz and custom homebuilder John Eaton founded the company, to an expected $40 million this year.

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Hamilton County nearing Allen as 3rd most populous county

New projections show that fast-growing Hamilton County in suburban Indianapolis could become Indiana's third most-populous county within about a decade, surpassing Fort Wayne's Allen County. State population estimates prepared by Indiana University's Indiana Business Research Center show that Hamilton County has grown by 17 percent since 2010, to 323,000 people. Allen County has grown 5 […]

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