TWG hopes to receive incentives for the project from the city of Indianapolis, as part of a ”potential public-private partnership” supported by tax-increment financing.
While a monthly gain above 1 million would show that some businesses are still willing to add workers, it would take many months to return to pre-pandemic job levels even if that pace could be sustained.
He has a big plan for the south side of downtown, but the plan is ever evolving and it will require hundreds of millions of dollars in investment and large-scale rethinking of development along the Interstate 70 corridor.
The funding will serve 350 people or families currently living in non-congregate shelters, especially those at risk of contracting COVID-19 and dying, and 150 unsheltered households that face high barriers to find housing.
Developers remain optimistic about multifamily developments in general across the city, but some believe additional affordable housing—and associated incentive deals—is needed.
The nation’s unemployment safety net is looking increasingly shaky, with a $300-a-week federal jobless benefit from the Trump administration close to running out just weeks after it began.
The Indianapolis City-County Council on Monday night voted unanimously to issue up to $155 million in bonds to pay for an expansion of the Indiana Convention Center at Pan Am Plaza.
Median, inflation-adjusted household income increased 6.8% last year, to $68,703—among the fastest gains on record—as more Americans got jobs and wages rose, according to annual data released Tuesday by the U.S. Census Bureau.
In a plan approved Wednesday by the City-County Council, Indianapolis will appropriate its remaining federal Coronavirus Relief Funds to various public health, social services, economic and government-related investments.
Health officials fear that surges among college students will spread to more vulnerable people—older ones and those with underlying health problems—and trigger a new wave of cases and hospitalizations.
Indiana Sports Corp. released a 16-page proposal Friday that calls for turning the convention center’s exhibition halls and meeting rooms into basketball courts and locker rooms. There would be expansive safety measures and daily virus testing.
Dallas-based Mohr Capital has already broken ground on the first building in the master-planned Mohr Logistics Park—a 1 million-square-foot distribution center for Cooper Tire—and has several more in the early planning stages.
