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$65M downtown development deal raises questions

June 15, 2009

A $65 million public-private plan for the redevelopment of a vacant downtown office building is raising eyebrows for its unusual
approach and potential risk to taxpayers. The plan calls for a private developer to acquire the former Bank One operations
center, surface parking lots and an adjacent
parking garage from a private owner for $18.5 million, then sell the 1,680-space garage to the city for $18.5 million.

Anderson’s abundant water supply makes city well-suited for Nestle, other food processors

June 15, 2009

The city of Anderson soon will tap a new well to help accommodate demand from Nestle USA, which opened a Madison County plant
in May 2008 producing bottled, flavored Nesquik and liquid Coffee-mate, a water-based creamer. The
company already has launched an expansion slated for completion in 2011.

A Quik refill?-WEB ONLY

June 13, 2009

ANDERSON-Tom Brewer has a recipe for reviving this city abandoned by the U.S. auto industry. Study satellite photography, groundwater flow and historic well records. Build wells to increase pumping capacity by millions of gallons daily. Then position that bounty in front of food processors-one of the thirstiest industries out there. “Food processors are notorious for […]

$65M deal raises questions

June 13, 2009

A $65 million public-private plan for the redevelopment of a vacant downtown office building is raising eyebrows for its unusual approach and potential risk to taxpayers. The plan calls for a private developer to acquire the former Bank One operations center, surface parking lots and an adjacent parking garage from a private owner for $18.5 […]

Midwest ISO plans to create 70 jobs in Carmel-WEB ONLY

June 9, 2009

Midwest Independent Transmission System Operator Inc. in Carmel announced today that it will create nearly 70 new jobs within the next five years. The company, which manages the flow of electricity for its member utilities in 13 states and a Canadian province, plans to invest about $110 million to upgrade computer equipment and software at […]

Commission approves $65M apartment project-WEB ONLY

June 3, 2009

The Indianapolis Metropolitan Development Commission this afternoon approved a city plan to partner with a private developer on a $65 million downtown redevelopment project adjacent to the former site of Market Square Arena. The plan, approved by a 7-2 vote, allows the city to enter into a project agreement with the developer, an entity called […]

$65M downtown development

June 2, 2009

A proposed incentive deal to kick-start a $65-million development adjacent to the former site of Market Square Arena calls for the…

City would cover cost of real estate in $65M deal-WEB ONLY

June 2, 2009

Normal 0 false false false MicrosoftInternetExplorer4 A proposed incentive deal designed to kick-start development adjacent to the former site of Market Square Arena calls for the city to fund the entire purchase price of two prime parcels. A local developer, Tadd M. Miller, plans to invest as much as $65 million to redevelop the long-vacant […]

City would cover cost of real estate in $65M deal-WEB ONLY

June 2, 2009

A proposed incentive deal designed to kick-start development adjacent to the former site of Market Square Arena calls for the city to fund the entire purchase price of two prime parcels. A local developer, Tadd M. Miller, plans to invest as much as $65 million to redevelop the long-vacant Bank One operations center and a […]

City to partner on $65M downtown development-WEB ONLY

June 1, 2009

The city plans to partner with a private developer on a $65 million downtown redevelopment project adjacent to the former home of Market Square Arena. Plans for the mid-rise project call for 600 apartments and 37,000 square feet of retail space at the long-vacant former Bank One operations center, which occupies a full city block […]

City to partner on $65M downtown development-WEB ONLY

June 1, 2009

The city plans to partner with a private developer on a $65 million downtown redevelopment project adjacent to the former home of Market Square Arena. Parking garage resolution and Tax abatement resolution. Plans for the mid-rise project call for 600 apartments and 37,000 square feet of retail space at the long-vacant former Bank One operations […]

BioStorage plans 125 new jobs in expansion-WEB ONLY

May 28, 2009

Indianapolis-based BioStorage Technologies Inc. announced today that it plans to create 125 jobs by 2012 and invest more than $6.1 million to expand operations. BioStorage Technologies provides long-term cold storage for advanced biomaterials used in drug development. The company, co-founded in 2002 by CEO F. John Mills, currently has 80 employees. The investment will be […]

Panel handicaps market recovery chances

May 25, 2009

A panel of five veterans of real estate and construction provided industry insights at IBJ‘s Power Breakfast May
1 at the Westin Indianapolis.

Panel handicaps chances of market recovery-WEB ONLY

May 23, 2009

A panel of five veterans of real estate and construction provided industry insights at IBJ’s Power Breakfast May 1 at the Westin Indianapolis. The panelists were: Mary Beth Kohart, a principal and vice president in the local office of Colliers Turley Martin Tucker; Danny Marr, a partner and principal broker for Veritas Realty; Andrew Morris, […]

Simon layoffs would jeopardize HQ incentive deal

April 20, 2009

Simon family’s interests helped city thrive, but taxpayers paid the price

April 20, 2009

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.

Simon layoffs would jeopardize HQ incentive deal-WEB ONLY

April 18, 2009

During one of the worst markets for real estate in decades, at a time when developers of all sizes are shedding employees, officials with Simon Property Group Inc. continue to insist they have had zero layoffs. That assertion is puzzling to local market observers, who say the mall giant has quietly dropped dozens of employees […]

SPECIAL REPORT: Simon says, city does-WEB ONLY

April 18, 2009

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, […]

MainGate to expand HQ, create 75 jobs-WEB ONLY

April 1, 2009

Local merchandiser MainGate Inc. announced plans yesterday to expand its west-side headquarters and production operations, which should create 75 jobs by 2013. The company, which primarily provides marketing and merchandising services to clients in the motorsports industry, said it would invest more than $3.6 million to expand its production and office facility from 106,000 square […]

Historic downtown building may be rescued.

March 23, 2009

Local developer Halakar Properties Inc. is seeking tax abatement to save an endangered property.

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Articles

$65M downtown development deal raises questions

Anderson’s abundant water supply makes city well-suited for Nestle, other food processors

A Quik refill?-WEB ONLY

$65M deal raises questions

Midwest ISO plans to create 70 jobs in Carmel-WEB ONLY

Commission approves $65M apartment project-WEB ONLY

$65M downtown development

City would cover cost of real estate in $65M deal-WEB ONLY

City would cover cost of real estate in $65M deal-WEB ONLY

City to partner on $65M downtown development-WEB ONLY

City to partner on $65M downtown development-WEB ONLY

BioStorage plans 125 new jobs in expansion-WEB ONLY

Panel handicaps market recovery chances

Panel handicaps chances of market recovery-WEB ONLY

Simon layoffs would jeopardize HQ incentive deal

Simon family’s interests helped city thrive, but taxpayers paid the price

Simon layoffs would jeopardize HQ incentive deal-WEB ONLY

SPECIAL REPORT: Simon says, city does-WEB ONLY

MainGate to expand HQ, create 75 jobs-WEB ONLY

Historic downtown building may be rescued.