The fee will increase 11.13% each year through 2029. Carmel already has the highest park impact fee among its peer communities in the northern suburbs of Indianapolis.
Park impact fees will now be deposited into an impact fee fund designated by the Carmel City Council, and park impact fee credits provided as a bargaining chip to developers will need to be approved by council members.
In addition to a shoe store, steakhouse, med spa and brewery taproom, The Signature will have eight owner-occupied condominiums, 295 luxury apartments and a 374-space public parking garage.
A 35-year-old Carmel man has been sentenced to nearly three years in prison after helping steal more than $2.1 million from a credit union, the U.S. Department of Justice announced Wednesday.
Taylor Morrison, one of the nation’s largest home builders, also acquired about 1,500 lots around the Indianapolis metropolitan area as part of the deal.
Koola Logistics LLC, which works as an intermediary between trucking providers and people who ship goods, has signed an incentive deal with the state to aid in its expansion plans.
Converse-based First Farmers Bank & Trust, which opened a loan production office in Carmel last year, now plans to operate a full-service branch in the city’s Arts & Design District.
The Indiana Court of Appeals upheld a ruling Wednesday that Carmel Clay Schools did not violate Indiana’s “dollar law” when it closed an elementary school and refused to sell the building to a charter school.
Plans call for the project to cost an estimated $47 million and feature a food hall, community gathering space, office space, apartments and a public parking garage.
It’s the latest in a series of blows for ReJoyce and CEO Alexander Joyce, who gained attention locally through his frequent informercials but has faced numerous legal problems in recent years.
Carmel’s housing options mostly fit into two opposite categories: single-family detached houses in subdivisions and multifamily apartment buildings in the downtown core. City officials want to explore a third category: the “missing middle.”
Mayor Sue Finkam has created a nine-member housing task force that as a first course of business is tackling the issue of the “missing middle”—typically middle-class housing options that include duplexes and small multiplex buildings.
A Buckingham Properties official told members of the Carmel City Council on Monday that the new plan would feature nearly 1,000 new residential units, 587 parking spaces, 28,000 square feet of retail and two public plazas.
The parks board decided to end the lawsuit because the Carmel City Council in January passed a resolution outlining proposed changes to the approval process for future park impact fee credits.
EnVista co-founder Jim Barnes, who left the company in 2022 when a German tech company acquired a portion of the business, has returned as chief executive.
