Attracting higher-wage residents is key to future growth as city revenues have stagnated and local governments have become increasingly reliant on income taxes. Republican Chuck Brewer and Democrat Joe Hogsett are proposing ways to bolster Indy neighborhoods.
The bonds would help finance development of a hotel complex on the site of Indianapolis' oldest African-American church, as well as a five-story apartment and retail project near the base of Massachusetts Avenue.
The company that bought Interactive Intelligence last year for $1.4 billion has fallen short of the Interactive's hiring and investment goals and is vacating a new, $12.4 million office building on the northwest side.
The Metropolitan Development Commission is slated to vote Wednesday to terminate a tax-abatement agreement with Indianapolis-based GrinOn Industries LLC, makers of the “Bottoms Up” beer-dispensing system, which fills cups from the bottom.
Mayor Joe Hogsett's administration is targeting the former General Motors stamping plant site on the west side, where development plans have stalled, and the upstart Market East District on the opposite end of downtown.