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1,253 results for 'abatement'

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Articles

Company behind $845M data center in Indiana identified as Google

January 19, 2024 | Alex Brown, Inside INdiana Business

Google on Friday announced it has purchased the nearly 900 acres of land being used for the development, which until now has been known as “Project Zodiac.”

Arena, city hall among Fishers projects expected to be completed in 2024

December 27, 2023 | Daniel Bradley

The city will have new places to stay overnight and watch a hockey game. Fishers city government will move into a new home, and so will an Italy-based manufacturer.

Chicago-based semiconductor firm planning $152M investment, 250 jobs in Bloomington

December 20, 2023 | Cate Charron, Inside INdiana Business

The company intends to turn a mostly vacant property owned by Cook Medical into a microelectronics manufacturing and packaging facility.

City-County Council committee advances $37M plan to finance jail demolition, building improvements

November 14, 2023 | Taylor Wooten

If approved, the bonds are expected to pay for the demolition to demolish a former Marion County Jail 1 and renovate portions of the City-County Building ahead of a planned consolidation of city employees from satellite offices.

City-County Building

State, localities starting to spend $507M share from National Opioid Settlement

November 13, 2023 | Whitney Downard, Indiana Capital Chronicle

Almost a year after distributions started from the National Opioid Settlement, only $7.1 million has been put to use so far in Indiana as local units of government wrestle with how to make the most of the payments.

focus_opioids.jpg

Corteva to occupy new $30M distribution center in Anderson

October 5, 2023 | Mickey Shuey

The 300,000-square-foot facility is being developed by local industrial real estate firm Scannell Properties LLC.

Bila Solar seeks tax break on $36M in equipment for HQ, production facility

September 19, 2023 | Mickey Shuey

The tax abatement would save the company about $1.92 million in personal property taxes over eight years—about 66.3% of the total in taxes owed.

Biotech firm nearing completion of Indy radioisotopes factory

September 18, 2023 | John Russell

Following a $45 million renovation, RayzeBio plans to use the plant to make Actinium 225, a radioisotope used for targeted therapy for cancer.

Local industrial demand cooling as brokers look to fill massive buildings

September 15, 2023 | Mickey Shuey

The slowdown in leasing activity, which began late last year, is putting some developers in a tricky spot.

Push for high-tech plants drives up cost of incentives

September 15, 2023 | Peter Blanchard

National efforts to boost computer chip and electric vehicle production are fueling a bidding war among states, including Indiana, that is driving up the cost and number of so-called “megadeal” incentive packages exceeding $50 million.

Ken’s Foods planning $40M expansion of Lebanon facility

September 12, 2023 | Daniel Bradley

The company, which makes salad dressings, sauces and marinades, employs 230 people in Lebanon and expects to add more.

Hostess being acquired by Smucker in a deal valued at $5.6B

September 11, 2023 | Associated Press

Smucker, which makes everything from coffee to peanut butter and jelly, will pay $34.25 per share in cash and stock, and it will also pick up approximately $900 million in debt.

Youth-racing initiative that focuses on children of color aims to gear up

September 1, 2023 | Mickey Shuey

NXG Youth Motorsports has signed an option to purchase a 2.2-acre, city-owned plot just west of the former Central State Hospital site on the west side of Indianapolis.

TWG’s ambitious Old City Hall proposal chosen over several other bids

August 31, 2023 | Mickey Shuey

A few of other bids were similar to the selected proposal put forth by TWG Development, while others went in a distinctly different direction. Here’s a look at those proposals.

Supreme Court pauses Purdue Pharma $6 billion settlement plan

August 11, 2023 | The Washington Post

Thursday’s decision means settlement money meant for thousands of victims and their relatives and for local and state governments could be delayed.

Truck dealer seeks tax breaks for $85M hub overhaul on south side

August 8, 2023 | Mickey Shuey

About 50 full-time jobs with an average pay of $29 per hour are expected to be created along with the expansion for Stoops Freightliner-Quality Trailer.

City to test state law in nuisance enforcement effort

July 21, 2023 | Taylor Wooten

Mayor Joe Hogsett’s administration is seeking a stronger approach to force property and business owners to discourage behavior that compromises public safety.

Greenwood council considering tax breaks for two projects

July 20, 2023 | Alex Brown, Inside INdiana Business

The Greenwood City Council has given preliminary approval to a tax abatement on an $8.5 million speculative office building and is considering a separate incentive agreement for a manufacturer’s expansion.

Walmart spending $108M to expand Indiana distribution center

July 11, 2023 | Alex Brown, Inside INdiana Business

The expansion will double shipping capacity and add automation technology that the company said will increase the speed with which merchandise gets sent to Walmart stores.

Hogsett administration seeking new redevelopment proposals for Old City Hall

June 28, 2023 | Mickey Shuey

The city’s Department of Metropolitan Development is asking developers to pay at least $2.34 million for the 113-year-old building at 202 N. Alabama St., which was the seat of city government until the City-County Building was completed in 1962.

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