Banks still cautious on commercial real estate
Singed by the downturn, banks are winnowing real estate portfolios.
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CIB’s 2011 budget slated to grow by $10 million
Capital Improvement Board president says initial $10 million payment to the Indiana Pacers is not only reason for the larger
budget. Rather, she insisted it’s largely due to $5 million in renovations slated for Conseco Fieldhouse and other CIB-operated
facilities.CIB approves 2011 budget
Including debt obligations, the CIB’s total budget for 2011 is expected to be $104.4 million. The City-County Council is set
to receive the budget at its Sept. 20 meeting and could approve it Oct. 25.Kite lands new tenants for Fishers shopping center
Kite Realty Group Trust has landed Goodwill, Dollar Tree and Mexico City Grill for a renovation of its Fishers Station shopping center at the northeast corner of 116th Street and Allisonville Road in Fishers.
Liquor board OKs permit for City Market beer sales
The Marion County Alcoholic Beverage Board voted to approve a carryout liquor license for the historic downtown site. The permit will allow the Indiana Brewers Guild to open a bar featuring local craft beers.
Fishers shopping center lands new tenants
Kite Realty Group Trust has landed Goodwill, Dollar Tree and Mexico City Grill for a renovation of its Fishers Station shopping center.
Clarian expanding neurosurgery unit, aiming for national draw
Methodist Hospital is spending $27 million to renovate its neurosurgery suites as the centerpiece of a big expansion its owner, Clarian Health, hopes will create nearly 1,200 jobs over the next decade and vault Methodist into the top 10 neurosurgery sites in the nation.
Federal building to become ISU business school
The State Budget Committee has approved Indiana State University's plans to turn the former Terre Haute federal building into a business school.
Conseco Fieldhouse to get new video signage
The new “video ribbon,” which could cost up to $1.6 million, will be paid for with funds from the Capital Improvement Board. It will be installed around the entire upper fascia of the arena between the second and third levels.
Hoosier Lottery moving to Meridian Street building
The lottery will move in January to the Buick, a 60,000-square-foot building at 13th and Meridian streets owned by principals of Shiel Sexton Construction.
Indiana Convention Center might need yet another expansion
The current expansion has absorbed the last of the adjoining space, leaving the convention center landlocked.
Federal courthouse in Indianapolis slated for green roof
Plants atop the Birch Bayh Federal Building and U.S. Courthouse are expected to cut costs in long run.
Downtown tax district reaps unexpected windfall
The city has accumulated a $12 million surplus of funds from the downtown TIF district, raising questions from critics who wonder how the windfall came about.
Children’s Museum to revamp area for preschoolers
The Children's Museum of Indianapolis has received a three-year, $700,000 grant from the PNC Foundation to renovate its early childhood exhibit, Playscape. It is the first major gift the foundation has made in Indianapolis.
Firms with jobs ask for the moon; governments here show restraint
Businesses have always held the upper hand in negotiating for incentives with local government, but the past couple of years have given rise to the most intensely competitive economic development environment since the early 1980s.
Walnut Street building sold for retail use
The two-story industrial building along the Indianapolis Cultural Trail will be converted into a furniture store.
Good News Ministries eyes using ex-motel to house homeless
Residents of Irvington are split over whether to support turning the former Indy East Motel into housing for homeless families.
Duke Energy wins verdict reversal in clean-air case
The renovations complied with Indiana’s plan for implementing the federal Clean Air Act, a three-judge panel of the U.S. Court of Appeals in Chicago said in Tuesday’s ruling.
AmericInn buys Fishers hotel, enters local market
Minneapolis-based hotel chain AmericInn has purchased a Holiday Inn along Interstate 69 in Fishers, giving the company its first Indiana location.