A pair of Carmel-based investors are planning to redevelop a three-story historic apartment building into upscale, high-tech condominiums at the corner of 22nd and Delaware streets downtown. The structure, dubbed the “Smart Building at Delaware,” will contain 12 one-bedroom, one-bathroom condominiums priced between $119,900 and $164,900. Developers say the relatively low price point, combined with […]
The recession is hitting some northern Indiana counties so hard, even the Amish are making exceptions to their strict religious beliefs. In LaGrange and Elkhart counties, where much of the state’s Amish population is concentrated, the Amish church is allowing members to collect unemployment checks, the Chicago Tribune reported today. Amish shun most of life’s […]
The old adage that retail follows rooftops is only partially true; retail also follows taxpayer-funded incentives.
Struggling developer Lauth Group Inc. has cut about 90 percent of its staff and lost control of part of its portfolio to a
major equity partner-developments that raise doubts about whether the locally based company can survive the recession.
The environmental report shows that the extension for Interstate 69 will cost at least $3 billion.
The Simon family’s role in building the city has come at a steep price for taxpayers. Simon and
its business interests in the last 20 years have collected local government incentives
worth more than $400 million, an IBJ tally of those deals shows.
Click here to see a map of the project. If the latest estimates to build two sections of Interstate 69 downstate are any indication, what was once predicted to be a $1.8 billion extension from Evansville to Indianapolis is now headed north of $3 billion. The higher estimated costs for two sections totaling 54 miles […]
Layoffs could put Simon in violation of HQ incentive agreement. Noblesville put up big bucks to spur Hamilton Town Center development. It’s hard to imagine Indianapolis without the Simon family. The mall owner Simon Property Group Inc. is one of the city’s most prominent corporate citizens, the company-developed Circle Centre mall acts as downtown’s heart, […]
Struggling developer Lauth Group Inc. has cut about 90 percent of its staff and lost control of part of its portfolio to a major equity partner-developments that raise doubts about whether the locally based company can survive the recession. The firm started 2008 with about 450 employees but after several rounds of layoffs, it now […]
The old adage that retail follows rooftops is only partially true; retail also follows taxpayer-funded incentives. Simon Property Group Inc. built central Indiana’s newest mall, Hamilton Town Center, along a major thoroughfare in one of the state’s most appealing spots for retail. Yet both Simon and Noblesville officials say the $126 million project would not […]
The Nature Conservancy broke ground Thursday for its new Indiana headquarters. The organization still needs to raise most of the $4.4 million cost of the building, but…
The Nature Conservancy’s Indiana chapter is set to break ground on its new, $4.4 million headquarters in downtown Indianapolis, even though a large amount of the money still needs to be raised from donors. A “significant” contribution from the Efroymson Family Fund is enough to begin construction of the building, which will be called the […]
The Nature Conservancy’s Indiana chapter is set to break ground on its new, $4.4 million headquarters, even though a large amount of the money still needs to be raised from donors. A “significant” contribution from the Efroymson Family Fund is enough to begin construction of the building, which will be called the Efroymson Conservation Center, […]
U.S. jobless claims fell more than expected for the second straight week, but the number of Americans continuing to receive unemployment insurance benefits rose above 6 million for the first time. Analysts expect the labor market to remain weak for the most of this year, as many employers are reluctant to hire until an economic […]
Last week, I offered tickets to the 16th annual Stutz Artists Open House, happening April 24-25. I also asked you to tell me the first piece of art you can remember making or seeing. Here is a sampling of the many “art you made” responses: “Etch-a-sketch.” (Debby Blake) “A construction paper cherry tree for George […]
The Indianapolis Cultural Trail yesterday announced major donations from the Christel DeHaan Family Foundation and Indiana Pacers. It also unveiled three public art works that will be exhibited in the Northeast Corridor stage of the trail, which is now under construction. The DeHaan foundation gave $250,000 and the Indiana Pacers $100,000 toward the Cultural Trail’s […]
United Way of Central Indiana announced this morning that it would provide $1.3 million to two local housing projects as part of Indianapolis’ Blueprint to End Homelessness campaign. A $1 million grant to the Julian Center for abused women will help construct 71 permanent housing units at 34th and Meridian streets. United Way also will […]
United Way of Central Indiana announced this morning that it would provide $1.3 million to two local housing projects as part of Indianapolis’ Blueprint to End Homelessness campaign. A $1 million grant to the Julian Center for abused women will help construct 71 permanent housing units at 34th and Meridian streets. In 2001, United Way […]
ArcelorMittal SA plans to shut down steel-bar operations at its East Chicago plant, resulting in layoffs for 400 employees, the Chicago Tribune reported yesterday. The layoffs of both union and non-union workers affect 8 percent of the plant’s work force, the newspaper said. The closure will be indefinite. Luxembourg-based ArcelorMittal produces about 10 percent of […]
Mayor’s CIB plan leaves food-beverage tax alone Scott [email protected] Mayor Greg Ballard’s plan to rescue the city’s Capital Improvement Board from an approaching $47 million budget deficit wouldn’t raise the local food-and-beverage tax, but it would increase several others already targeted in a bill moving through the state Legislature. The mayor appeared at the monthly […]
