Proposals for MSA project ranged from $70M to $117M
The city received five proposals to redevelop a portion of the former Market Square Arena site. Here are details of the proposals, including those submitted by developers that weren’t selected.
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Rally seeks end to youth violence
Hundreds of people gathered at Veteran’s Memorial Plaza on Monday evening for The Stop the Violence Youth Rally. Organizers began planning the event after the July 4 shooting that killed 16-year-old Monquize Edwards following the downtown fireworks show. At least five young males have been gunned down in Indianapolis this month. Youth leaders say parents need to make an effort to get teens off the streets and into more productive activities.
Franklin deals with graffiti issue
Franklin police say the south-side community is having graffiti problems, with some homes being spray-painted multiple times. Police received reports of graffiti on three homes and one vehicle over the weekend, giving the city more than 50 graffiti reports so far this year, compared with five reports in 2011. Most of the incidents involve teenagers painting what they believe are gang symbols, police said.
Boyfriend charged with murder
The boyfriend of a young mother found dead late Monday night in a south-side Indianapolis home has been arrested on a preliminary charge of murder. Cory Musick, 23, is being held in the death of 24-year-old Shanna Elmore. Elmore’s body was removed Tuesday morning from a house in the 1800 block of Singleton Road, about eight hours after police were called to the scene. Musick and Elmore, who have two children together, have been involved in numerous domestic disturbances since 2011.
Wigwam on borrowed time, needs ‘white knight’
Anderson officials hope some kind of use can be found for the historic high school gym that was closed in 2011 to save money.
Developer F&C’s ‘bold statement’ could finally solve MSA puzzle
City incentives and a strong apartment market suggest Flaherty & Collins’ proposed $81 million, 28-story downtown apartment tower has a better chance of getting built than two previous attempts to redevelop the former site of Market Square Arena.
Two Indy apartment complexes sell for $35 million
National investors have snapped up two apartment properties on the north side totaling 722 units. One complex is slated for a major rehab.
Pence orders review of contractor’s investments
The governor wants a broad review of Elevate Ventures’ investment decisions and business practices.
Pittman plans for ‘The Farm’ at key Zionsville corner take root
A $90 million mixed-use development proposed for a prominent Zionsville property sailed past its first hurdle Monday night, winning support from the Zionsville Plan Commission.
Market Square project calls for $81 million, 28-story tower
Flaherty & Collins Properties plans to build an $81 million, 28-story skyscraper on part of the former home of Market Square Arena in what would be the tallest new downtown development since the JW Marriott opened in 2011.
Homebuilding permits rise for 12th straight month
Through June this year, 2,603 permits have been issued in the Indianapolis area, an increase of 26 percent compared to the first six months of 2012.
Northern office market on upswing, downtown ‘stagnant’
Downtown’s vacancy rate continues to hover around 20 percent, according to mid-year market reports, with more space becoming available than was leased. Meanwhile, the northern suburban market is showing the most improvement.
Big Anderson church files for Chapter 11 bankruptcy
The Madison Park Church of God bought a 200-acre site near Interstate 69 in 2007 and built a church there using three bridge loans. One $6 million loan matured on July 12 and couldn't be repaid.
Animated film ‘Turbo’ could give racing a boost
A new DreamWorks Animation movie centers on the Indianapolis 500. It’s a dream come true for the IndyCar Series, which can’t buy a break in halting its slide in public interest.
City expected to tap Flaherty & Collins for former MSA site
The prolific local developer Flaherty & Collins Properties is expected to land a deal with the city to build a residential and commercial skyscraper on part of the former home of Market Square Arena, multiple sources said Monday evening.
USA Track & Field faces latest doping scandal
The Indianapolis-based governing body for U.S. track and field is dealing with the fallout after several high-profile stars tested positive for banned substances.
City set to unveil Market Square project plans
City officials will reveal the winner Tuesday morning from six teams that bid on redeveloping the downtown site. All proposed mixed-use projects, but they ranged in size from eight to 52 stories.
State, Anthem ask techies to solve infant mortality
Dr. Bill VanNess, Indiana’s commissioner of health, asked IT developers to create a smartphone app that the state could offer to pregnant moms to educate them about infant health and help them easily schedule appointments with health care providers.
IU to use Conour funds to help fraud victims
Indiana University plans to use $450,000 donated to its Indianapolis law school by former attorney William Conour to aid the clients defrauded of more than $4.5 million. Conour pleaded guilty to fraud charges Monday morning.
State looks to cut red tape
The state has launched a website seeking suggestions on ways Indiana regulations could be simplified or eliminated in order to streamline rules for businesses. Gov. Mike Pence said he hopes residents will help the Office of Management and Budget with cost-cutting suggestions. He said every dollar not spent on regulatory paperwork by Indiana businesses is a dollar they can spend putting people to work.