Jam-packed with expensive equipment, data centers represent huge capital investments in a relatively small footprint. That
can mean steep property tax bills, though Indiana allows communities to exempt a portion of that tax. Jobs-hungry Indiana
is eager to attract more of these climate-controlled computing fortresses.
With the first baby boomers set to turn 65 in six months, investments in senior housing are heating up. A group of Indianapolis-area
professionals—including Mark Waterfill (left) and Tony Schantz—have banded together to launch three senior housing
projects around the state, spending $49 million and looking
to do more.
The Children’s Museum of Indianapolis is about to expand its role in urban redevelopment. It has already invested more than
$1 million in the half-dozen blocks around its campus on North Meridian Street, and now plans to help create a comprehensive
plan for an area that encompasses six nearby neighborhoods.
Sources close to the university said they expect a combination of parking facilities and a multi-use athletics venue and convocation
center to be built on the site.
The 1,000-room J.W. Marriott isn’t even finished and support already is emerging for a second downtown hotel that
would rival it in size.
The decade witnessed a massive terrorist attack, two wars, and a building-and-buyout boom fueled by easy credit.
A symbolic topping-off ceremony early this month to celebrate a milestone on the massive JW Marriott hotel project can’t
hide the anxiety felt within the construction industry.
When Sisters of St. Francis Health Services Inc. bought Tonn and Blank Construction Co. in 1998, more
than one employee of the Michigan City firm wondered what it would be like to be run by a Roman Catholic
order that not only owned a string of Midwestern hospitals but also traced its spiritual heritage to
a 12th century mystic.
With its financial performance exceeding expectations, St. Francis Hospital & Health Centers will resume construction on a $265 million, 221-bed patient tower at its Indianapolis campus, the hospital system announced Thursday.
To pay for a shiny new downtown hospital, the parent corporation of Wishard Health Services will commit itself to yearly
debt payments 10 times as high as they are now. But Wishard officials have no doubt they can bear the extra load
because of places like Rosewalk Village, a nursing home that sits on the eastern side of Indianapolis.
The Marion County Capital Improvement Board’s bailout depends on the success of Indianapolis’ new downtown JW Marriott convention hotel.
The pressure on Indianapolis’ new downtown JW Marriott convention hotel to perform-despite the recession-is about to increase exponentially. The Marion County Capital Improvement Board’s bailout depends on it. CIB, which manages the city’s professional sports stadiums and its convention center, needs to close a $47.4 million annual budget deficit. On April 2, the Indiana Senate’s […]
State lawmakers are looking for ways to bail out the financially struggling group that runs professional sports stadiums in Indianapolis. The Indianapolis Capital Improvement Board is facing a $35 million deficit in its operation of Lucas Oil Stadium, Conseco Fieldhouse, Victory Field and the Indiana Convention Center. The board is already $20 million short this […]
St. Francis Hospital & Health Centers will halt construction this summer on a new inpatient bed facility at its hospital in southern Indianapolis. The facility only is 40 percent finished. The hospital plans to resume work once the economy improves, according to an update posted on its Web site yesterday. St. Francis’ announced its new […]
Local tourism supporters are prominently featuring the Indianapolis International Airport’s makeover in a branding campaign rolled out earlier this month.
The Indianapolis Convention & Visitors Association says it needs more sales and marketing firepower to fill an expanded convention
center and adjacent hotels. That means asking the city’s Capital Improvement Board—one of ICVA’s primary sources of funds—for
a budget increase of up to 50 percent at the worst possible time.
The Indianapolis Convention & Visitors Association says it needs more sales and marketing firepower to fill an expanded convention center and adjacent hotels. That means asking the city’s Capital Improvement Board-one of ICVA’s primary sources of funds-for a budget increase of up to 50 percent at the worst possible time. ICVA says it needs an […]
Companies searching for a merger or acquisition partner had one heck of a time finding a match last year. Place much of the
blame on the credit crunch that rattled the nation’s economy and sent deal-making into a downward spiral.
Lackluster economy be darned, Indianapolis’ tourism trade gained ground in 2008. And the city’s new head cheerleader has even
higher hopes for this year and beyond.
Ivy Tech Community College is working with private developers on a plan to turn the old St. Vincent Hospital on Fall Creek Parkway into a housing complex for Ivy Tech and IUPUI students. The developers, Paramount Realty Group and Alboher Development Co. Inc., would get the building and a 100-year land lease on the property […]
