Noblesville offered generous incentives to Simon for mall
The old adage that retail follows rooftops is only partially true; retail also follows taxpayer-funded incentives.
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Articles
Casino-tax controversy lit fire under residents of Fairland, a long-forgotten town
With a town government behind them, Fairland-area residents hope any future growth will be to their benefit.
A Persian Gulf excursion gives hint of locals’ opinions of America
Throughout our visit to five countries in the Mideast, we found the people friendly and helpful.It is not our purpose on these trips to argue with the locals or try to convert them to our way of thinking, but simply to learn about them, their culture and ideas.
Simon family’s interests helped city thrive, but taxpayers paid the price
The Simon family’s role in building the city has come at a steep price for taxpayers. Simon and
its business interests in the last 20 years have collected local government incentives
worth more than $400 million, an IBJ tally of those deals shows.CIB’s deficit is a state problem, not a local one
Casting the CIB’s deficit as an Indianapolis problem is simplistic and inaccurate because it overlooks the millions of dollars in state tax revenue generated by those venues and an endless list of vendors that do business with them.
SPECIAL REPORT: Simon says, city does-WEB ONLY
Layoffs could put Simon in violation of HQ incentive agreement. Noblesville put up big bucks to spur Hamilton Town Center development. It’s hard to imagine Indianapolis without the Simon family. The mall owner Simon Property Group Inc. is one of the city’s most prominent corporate citizens, the company-developed Circle Centre mall acts as downtown’s heart, […]
Fairland revives council-WEB ONLY
To its 19th century founders, the town of Fairland must have appeared poised to become a booming metropolis. The Cincinnati-St. Louis rail line ran diagonally through the center of town, laid out in a perfect rectangle. And, title researcher Rick Daily was amused to find, the original maps show street rights-of-way that are 66 feet […]
Noblesville offered generous incentives for mall-WEB ONLY
The old adage that retail follows rooftops is only partially true; retail also follows taxpayer-funded incentives. Simon Property Group Inc. built central Indiana’s newest mall, Hamilton Town Center, along a major thoroughfare in one of the state’s most appealing spots for retail. Yet both Simon and Noblesville officials say the $126 million project would not […]
CIB rescue bill moves ahead, awaits more debate-WEB ONLY
A Statehouse proposal that would allow Indianapolis to raise local taxes to save its cash-strapped stadium agency cleared the Indiana Senate yesterday as the debate over who should pay for the bailout continued. The Senate voted 33-17 for a proposal to fund the Indianapolis Capital Improvement Board, which expects to be $47 million short in […]
New ballet co. in town
IBJ reporter Kathleen McLaughlin chimes in with an update on efforts to launch a new Indianapolis ballet company:
The potential launch of a…Senate OKs funding plan for CIB-WEB ONLY
A Statehouse proposal that would allow Indianapolis officials to raise a handful of local taxes to save its cash-strapped stadium agency has cleared the Indiana Senate. The Senate voted 33-17 today for a proposal to fund the Indianapolis Capital Improvement Board, which expects to be $47 million short in its operation of the city’s professional […]
Finalists announced for state tech awards-WEB ONLY
TechPoint today announced the finalists for its annual Mira Awards, which honor the state’s top-performing companies, schools and individuals in technology-related pursuits. Four panels of independent judges narrowed a record number of nominees down to 63 finalists in 11 categories for the technology-focused business-development group’s 10th annual honors. The winners will be announced May 16 […]
Finalists named for state tech awards-WEB ONLY
TechPoint today announced the finalists for its annual Mira Awards, which honor the state’s top-performing companies, schools and individuals in technology-related pursuits. Four panels of independent judges narrowed a record number of nominees down to 63 finalists in 11 categories for the technology-focused business-development group’s 10th annual honors. The winners will be announced May 16 […]
State CIB plan changed to mirror Ballard’s-WEB ONLY
Alcohol taxes would double only in Marion County – not the whole state – under a plan advanced by the Indiana Senate yesterday. The Senate made several changes to a bill aimed at rescuing the Indianapolis Capital Improvement Board, which expects to be $47 million short in its operation of the city’s professional sports stadiums […]
Mayor’s CIB plan leaves food-beverage tax alone-WEB ONLY
Mayor’s CIB plan leaves food-beverage tax alone Scott [email protected] Mayor Greg Ballard’s plan to rescue the city’s Capital Improvement Board from an approaching $47 million budget deficit wouldn’t raise the local food-and-beverage tax, but it would increase several others already targeted in a bill moving through the state Legislature. The mayor appeared at the monthly […]
Mayor set to outline his CIB proposal-WEB ONLY
Mayor Greg Ballard will announce his proposals to resolve the Capital Improvement Board’s financial problems at its monthly meeting this afternoon. The mayor will endorse some of the solutions favored by state legislators as well as introduce his own recommendations, Robert Vane, spokesman for the mayor, told IBJ this morning. Senate Appropriations Chairman Luke Kenley […]
Taxes, fees should be determined case-by-case
If an honest case for the general good cannot be made (as in the case of most education services, and, sports, entertainment and tourist facilities), government revenue streams should not be used to support private enterprises.
Detroit reminds us not to squander what we have
My prevailing thoughts upon returning from Detroit were how fortunate Indianapolis is when it comes to hosting these kinds of events, and how a thriving downtown is essential to (A) success of the region and (B) national perception.
CIB rescue plan counts on new hotel being big success
The Marion County Capital Improvement Board’s bailout depends on the success of Indianapolis’ new downtown JW Marriott convention hotel.
Local Conrad hotel honored
Conrad Indianapolis has been recognized as the No. 1 U.S. hotel by Expedia Insiders’ Select List 2009.