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Agency says apps that let workers access paychecks before payday are providing loans

July 18, 2024 | Associated Press

The Consumer Financial Protection Bureau said Thursday that apps that allow workers to access their paychecks should be subject to the Truth in Lending Act, a 1968 law that requires lenders disclose all loan costs and fees.

Texas-based developer abandons Old Meridian Apartments project in Carmel

July 18, 2024 | Daniel Bradley

Old Meridian Apartments, a $60 million proposed project by Cross Development LLC, was called off because the city’s incentive for the project was not enough to make it feasible for the developer.

Revamped downtown CSX redevelopment plan features upscale hotel, music venue

July 18, 2024 | Mickey Shuey

An investment group led by Indiana Pacers owner Herb Simon and his family said Thursday it plans to spend at least $300 million to construct a 13-story luxury hotel and connected 4,000-seat theater on the property after demolition of the existing century-old building.

Proposed Indy ordinance aims to rein in unwanted dog population

July 16, 2024 | Taylor Wooten

Under the proposal, Indianapolis residents with one or more dogs that can be bred would be required to sign up for the registry and abide by a set of animal care guidelines.

Developer planning $123M third phase of Carmel’s Proscenium project

July 15, 2024 | Daniel Bradley

Proscenium III would feature 151 apartments, a 125-room boutique hotel, 63,000 square feet of office space, 15,000 square feet of retail space, 508 parking spaces and a public plaza

Biden to unveil plan to cap rents as GOP convention begins

July 15, 2024 | The Washington Post

The plan is likely to prove controversial among economists, including many Democrats. Experts on both sides of the aisle tend to argue that government limits on rent discourage new development by making it less lucrative.

Peter Dunn: Later in life, you can still make that dream come true

July 12, 2024 | Peter Dunn

What’s the monthly financial gap between your current life and the life you are aspiring to? This allows you to park the scary thoughts to the side and instead make decisions based on real numbers.

Developers plan single-family houses, town houses at Maple Del site in Fishers

July 12, 2024 | Daniel Bradley

Mirtha Development LLC, and Carmel-based Old Town Cos. plan to build 10 single-family houses and 56 three-story town houses at East 116th Street and Maple Drive.

State utility counselor urges regulators to slash Duke Energy’s rate hike request

July 12, 2024 | John Russell

Duke Energy Indiana, the state’s largest electric utility, in April filed a request with state regulators for permission to raise rates by about 16% over two years.

City-County Council considers permit system for Airbnbs, VRBOs

July 12, 2024 | Taylor Wooten

The proposal would create a permitting system that imposes a $150 annual registration fee and allows the Department of Business and Neighborhood Services to conduct an inspection of the properties.

Here’s what’s in the NBA’s upcoming 11-year, $76 billion media rights deal

July 11, 2024 | Associated Press

The NFL remains the top attraction because of its ratings and advertising prowess, but the NBA is a firm second and can command top dollar due to its younger viewers as well as having a ton of content.

Former state legislator Eberhart sentenced to prison in casino fraud case

July 10, 2024 | IBJ Staff

Sean Eberhart admitted using his position as a lawmaker “to enrich himself by soliciting and accepting gifts, payments, and other things of value” from Spectacle Entertainment in exchange for “favorable official action.”

Wells, White vie to for attorney general nod at state Democratic convention

July 10, 2024 | Whitney Downard, Indiana Capital Chronicle

Four others will be seeking a lieutenant governor nomination at Saturday’s event.

‘Truly a game changer’: Indiana ag leaders focus on farm bill impact

July 9, 2024 | Mia Hilkowitz, Indiana Capital Chronicle

For Indiana—the seventh-largest agricultural exporter and ninth-largest farming state in the U.S.—the legislation could have wide-ranging impacts.

TWG seeking tax break on $73M apartment complex planned near Lucas Oil Stadium

July 9, 2024 | Mickey Shuey

As part of the request, TWG is pledging to make 41 of the 270 units available to individuals and families making up to 70% of the area’s median income.

City-County Council to introduce pedestrian safety proposal. What to know about Vision Zero.

July 8, 2024 | Taylor Wooten

City-County Council members on Monday night plan to propose a program called “Vision Zero,” with the goal of eliminating traffic fatalities and severe injuries in Indianapolis by 2035.

Sheridan aims to manage growth with reorganization, but questions remain

July 5, 2024 | Daniel Bradley

The town of Sheridan and Adams Township are looking to merge—a move that would give Sheridan planning and zoning control over an area that is currently unincorporated and is the jurisdiction of county planners.

Developer sues Lebanon for tech park fallout, citing LEAP District as city’s priority for water use

July 3, 2024 | Cate Charron

South Carolina-based RealtyLink is suing Lebanon for more than $25 million, alleging the city withdrew incentives after the project was delayed by the city’s inability to service the park with water.

Council plans introduction of tweaked downtown tax district

July 2, 2024 | Taylor Wooten

Funds raised from the downtown economic enhancement district would pay for cleaning and beautification efforts, public safety initiatives, homeless outreach and costs associated with a planned low-barrier shelter.

Carmel looks to create designated outdoor refreshment area

July 2, 2024 | Daniel Bradley

Noblesville and Westfield previously approved DORAs in their cities. People in the districts are allowed to purchase alcoholic beverages from approved vendors and carry them outside to be consumed within the district’s boundaries.

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