Articles

Deal rekindles $45M downtown project

Former partners in Kosene & Kosene Development have settled a legal dispute that jeopardized redevelopment of the vacant former Bank One Operations Center downtown. Milhaus Development has until May 1 to begin construction.

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Carmel councilors want final say on city’s debt

Carmel City Councilor Eric Seidensticker on Thursday morning proposed an ordinance that would require the council to sign off on any additional debt. The ordinance is backed by at least five of the seven councilors.

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Councilor seeks review of city’s TIF-district strategy

Brian Mahern, a Democrat on the City-County Council, plans to propose a study commission to examine the effectiveness of TIF districts, how property tax caps will affect them, and ways to increase transparency for the complicated financing vehicles.

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Political neophyte Ballard cruises to second term

A contentious battle for Indianapolis mayor culminated in a second term for Republican Mayor Greg Ballard, who won the race with 51 percent of the vote. His Democratic challenger, Melina Kennedy, garnered 47 percent.

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City-County councilor, two others indicted in scheme to defraud

A City-County Council member and two associates persuaded an Indiana physician to invest $1.7 million in their foundation and an ethanol-production business they said would fund it, but instead spent the money on personal luxuries, according to a federal indictment filed late Tuesday.

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Grand jury indicts City-County Councilor Paul Bateman

The indictment charges the Democrat and associates used a charitable foundation to obtain money from a doctor that was to be used for investments, but instead went toward vehicles, entertainment and travel for themselves and others.

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City goes after tow-company license

Indianapolis is moving to revoke the license of a prominent local towing company that officials say has violated local ordinances and elicited more than two dozen consumer complaints.

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