Transportation planning agency OKs Illiana tollway
Illinois Gov. Pat Quinn and Indiana Gov. Mike Pence have pushed hard for the 47-mile link, promising it would help speed goods by truck, reduce congestion and create thousands of jobs.
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Athenaeum shelves redevelopment of adjacent lot
Plans to redevelop a surface lot adjacent to the historic Athenaeum building have been shelved after proposals failed to meet financial expectations.
New Land Bank indictment alleges fraud on prior scam victims
A federal grand jury has returned new charges in a fraud scheme involving the Indy Land Bank, including a wire fraud count against two defendants for allegedly fleecing the victims of a previous real estate scam.
Candidates scarce so far for Fishers’ first city election
Only two contenders have thrown their hats in the ring, with 10 positions open and just seven months to go before the fledgling city’s debut election. Lack of defined district boundaries is a hurdle.
Woodfield office buildings attracting strong interest
The two Class A office buildings totaling 348,000 square feet are close to being sold after falling into foreclosure during the implosion of defunct local developer Premier Properties USA Inc.
Indianapolis Motor Speedway takes bids for food, souvenirs
The Indianapolis Motor Speedway has put its merchandise and food and beverage contracts up for bid for the first time in its 104-year history.
Local boat, RV show changes format to widen audience
For the first time in its 26-year history, the Indianapolis Fall Boat and RV Show will include an auction open to the public. Event organizers think it will draw bidders from far and wide.
Shapiro’s site in Carmel draws two bids
Two would-be buyers submitted wildly divergent offers for the former Shapiro’s Delicatessen in Carmel City Center. Bidders also were asked to disclose how they intend to use the property.
City targets east-side parcel for housing development
The city hopes to seek bids to redevelop land along East Washington Street that is part of the four-acre P.R. Mallory industrial complex. Real estate experts say an affordable housing project might make the most sense.
City announces pursuit of 2018 Super Bowl
Indianapolis will seek to host its second Super Bowl in 2018 after a highly praised debut in 2012. “We’re going after the Super Bowl on the merits of our greatness and what we accomplished” in 2012, said Colts owner Jim Irsay.
Small biz owners: Unemployment systems not working
Business owners told members of the Indiana General Assembly’s Small Business Caucus that there’s a problem: They can’t compete with public assistance programs.
Denver firm snaps up Greenwood property for $15.7 million
The acquisition of the 450,000-square-foot distribution center is another sign of the improved health of the Indianapolis area’s industrial market.
Special Report: City’s building spree leaves trail of spoils
Mayor Greg Ballard takes pride in Rebuild Indy, the city’s nearly $400 million program that doubled the volume of public works projects—and became engineering and construction firms’ largest business opportunity with the city in more than a decade.
Fishers launches public art plan with downtown mural
The town of Fishers is seeking proposals from Hoosier artists interested in an $8,000 gig creating a mural that will kick off a public art initiative in the suburban community.
Trust invites bids on GM stamping plant property
The owner of the 102-acre site has selected 12 companies and asked them to submit redevelopment plans. A deal could be announced by the end of the year.
For sale: Former Shapiro’s building in Carmel
The Carmel City Center building that housed Shapiro’s Delicatessen for more than a decade is for sale following the restaurant’s June closure.
Under-the-radar utility-locating firm scores nearly $1B sale
Indianapolis-based United States Infrastructure Corp. just changed hands for the third time in five years—but not because it’s a hot potato nobody wants. Quite the contrary, as the latest sale price—nearly $1 billion—demonstrates.
City close to launch of 2018 Super Bowl bid
Allison Melangton, CEO of the city’s 2012 Super Bowl Host Committee and leader of the 2018 Super Bowl Bid Committee, is promising to come up with another attention-grabber to deliver the bid early next May—if the city proceeds with a bid as expected.
Specialty grocer on wish list for MSA development
Flaherty & Collins, the developer of the 28-story tower, “would love to have a Whole Foods” or similar grocer as a retail tenant. With one Marsh two blocks away and another under construction nearby, the project begs the question whether the area can support three groceries.
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.