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.
The housing market had boomed earlier in the year on the strength of federal tax credits. Since they have expired, the number
of people looking to buy has dropped even with the lowest mortgage rates in decades.
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 company has been hired to refine technology that detects whether a vehicle might be carrying suspicious cargo, including
explosives.
Among the four eateries on the way, two are local ventures and two are chains.
Commuters and truckers could get an all-day headache when Interstate 70 closes in October to allow Eli Lilly and Keep Indianapolis
Beautiful to spruce up part of the city.
The recent dearth of construction activity has been an opportunity of sorts for the Indiana-Kentucky Regional Council of
Carpenters: During the slowdown, the trade group built a $13 million
training facility and administrative building in Greenwood.
Some opponents of the Interstate 69 extension says it’s not too late to kill the project even
though concrete has been poured for two miles in southern Indiana, and another 60 miles or so is under construction or in
an engineering phase.
Detractors of new-terrain route say cost cuts undermine economic development premise for extending the interstate.
New restaurants including The Ripple Inn, The Sinking Ship and Longhorn Steakhouse are planned for the Indianapolis area.
Bulldozers await an office complex that previously served as headquarters to August Mack Environmental. It’ll be the first
building demolished along Interstate 69 to make way for highway expansion.
If Mayor Greg Ballard successfully closes the $1.9 billion sale of the city’s water and sewer utilities to Citizens Energy,
some of the proceeds will be used to bulldoze or rehabilitate 2,000 to 4,500 abandoned, unsafe homes during the next two years.
Millions of dollars in tax revenue that flows from the Indiana Live casino to local government coffers will be set aside for
economic development. Shelbyville Mayor Scott Furgeson hopes to present new projects to the city council in the next month
or two.
Overseeing a portfolio filled with deteriorating loans is downright
excruciating, as lending officers who’ve lived through the carnage of the recession can attest. Rob Tolle apparently
cracked under the pressure.
-D.B. Klain Builders LLC is building out a 5,600-square-foot tenant space for Wonder Ware at 8870 Guion Road. The project is scheduled to be completed by the end of this month.
-Commercial Team Construction LLC has been selected to build an 8,000-square-foot addition for American Coated Products at 7436 Mayflower Park Drive, Zionsville. The project is scheduled to be completed in late December.
A plan to build a 28-acre sports complex on the southeast side is sparking hopes that a polluted parcel across the street
that formerly housed a Citizens coke plant can be revived as a retail and industrial center.
-TMG Construction Management Inc. has been hired to rebuild a Texas Roadhouse restaurant at 1405 N. Shadeland Ave. that was destroyed by fire earlier this year. Construction of the 7,342-square-foot restaurant is scheduled to be completed in September.
-Shamrock Builders is building out space for D.L. Lowry Salon at 4907 N. Pennsylvania St. The project is scheduled to be completed by the end of August.
Using U.S. Census data, the Indiana Business Research Center finds Indianapolis’ population grew by 6,854 residents last year
while Fishers, Noblesville, Carmel and Greenwood saw less-than-average gains.
The city of Indianapolis wants to generate revenue by using greenways as fiber optic corridors. But previous legal battles
over leasing rights-of-way to utilities could hang up the plan.
City plans to wring green from greenways as fiber optic corridors. But previous legal battles over leasing right-of-ways to utilities could hang up city proposal
