Carmel budget hawks want harder line on deals with developers
The Carmel Redevelopment Commission’s 2014 revenue is estimated to exceed expenses by less than $100,000—a narrow margin for an agency with annual debt payments totaling $17.5 million.
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Articles
Developer seeks $11.5M subsidy for Carmel project
Edward Rose Development Group is asking the city to issue tax-increment financing bonds to help pay for a parking garage and infrastructure in an $80 million project it’s planning.
Report: Carmel panel may face TIF shortfall but can pay debts
New financial projections suggest the Carmel Redevelopment Commission will have enough annual revenue to pay its debts for the next 15 years before dipping into reserves. But property taxes from the city’s two-dozen TIF districts could fall more than $1 million short as soon as next year.
Carmel cancels pharmaceutical firm’s tax break
Carmel City Council voted 6-0 Monday to terminate a tax abatement for Pharmakon LTC Pharmacy, which relocated its drug-repackaging operation to Noblesville last year.
DINING: Pint Room taps into Carmel’s burgeoning burger market
Is it better than Bub’s? Livelier than Scotty’s? I dodge both questions.
Carmel developer sinks $66M into four senior communities
Leo Brown Group opened two facilities in Indianapolis and Avon in June, and has started construction on two similar projects in Ohio and Kentucky.
Commuter bus operator seeks extra funding for Fishers, Carmel service
The $5 Hamilton County commuters pay to ride the Indy Express bus to or from downtown isn’t enough to sustain the route, the operator told Fishers Town Council during a Monday work session.
Tech firm plans 400 jobs in Kokomo, Carmel
Systems in Motion LLC, a California-based technology consulting firm, expects to invest up to $5.4 million to lease, renovate and equip its new digs.
Private foundation planning Carmel HQ
Indianapolis-based Liberty Fund plans to build a campus-like headquarters on the Meridian Street office corridor in Carmel—if officials approve a couple of notable exceptions to the city’s development guidelines for the area.
Carmel firm acquired by Silicon Valley company
Anacore Inc., which develops software for touch-screen programs, has been acquired by Prysm Inc., a San Jose, Calif.-based company that makes big-screen video walls that use Anacore’s technology.
City seeks to keep Carmel’s Monon Greenway green
Carmel wants to rezone more than 130 properties along the Monon Greenway north of 96th Street, a move leaders say will protect the tree-lined trail from future development. Neighbors aren’t convinced.
Carmel retailers play defense against U.S. 31 construction
Business has skidded for some eateries along the corridor as work crews transform it into a limited access highway. Proprietors are reaching out to customers with promotions but gripping the bottom line.
Non-chain eatery sets sights on former Glass Chimney site in Carmel
An independent restaurant owner plans to take over the vacant Glass Chimney building on Carmel’s Old Meridian Street, transforming it into a family eatery with two outdoor dining areas.
Sundown Gardens moving from Carmel to Westfield
Longtime Carmel garden center Sundown Gardens is transplanting its operations to Westfield, where it’s planning an outdoor showroom and an agritourism-focused retail area.
Long-vacant Carmel restaurant to become pet center
Plans are in the works to transform the former Lotus Garden restaurant in Carmel into a veterinary clinic with a pet spa, boarding facilities and a future bark park.
DINING: Locally owned, fast-fired Coalition comes together in Carmel
I never tire of pizza. And there are enough subtle and not-so-subtle variations on the American/Italian staple that it never seems to get boring.
Developer plans housing on former Carmel golf course
Carmel-based Old Town Development LLC is planning to transform the former Sunrise Golf Club into a residential community targeting empty nesters.
Cornerstone sinks $4M into Carmel medical office building
The Indianapolis-based developer bought the building on Old Meridian Street early this year from The Spine Institute—its only tenant at the time—and now has the facility fully leased.
Sharks decline to take Carmel firm’s bait
Carmel-based Baker’s Edge may not have landed an investment on the season finale of ABC hit “Shark Tank,” but co-founder Matt Griffin nevertheless feels good about the experience.
Court OKs selling off Carmel firm’s property holdings
A Hamilton County court has approved the sale of nine central Indiana properties tied to Carmel-based CFS Inc., which is facing a state securities fraud lawsuit. Twice as many remain on the market.