Articles

CIB to fight council’s attempt to take $15 million

The Capital Improvement Board’s directors voted Thursday afternoon on three actions that will circumvent the $15 million payment-in-lieu-of-taxes, or PILOT, which the Indianapolis City-County Council included in the CIB’s budget.

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Ballard to nix parts of council budget

Mayor Greg Ballard plans to sign a $1 billion budget plan approved by the Indianapolis City-County Council earlier this month, but only after using his line-item veto powers to kill major portions of it.

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City-County Council passes controversial budget

The Indianapolis City-County Council approved a budget Monday night that relies on a $15 million payment from a tax-exempt entity, likely setting the stage for a legal battle, plus difficult negotiations with Mayor Greg Ballard.

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City asks developers to make local hires in downtown TIF

Indianapolis city-county councilors hope expanding the downtown TIF district will mean more jobs for their constituents. Developers, city contractors and other firms benefiting from the expanded economic-development zone must try to ensure that 40 percent of their work force comes from within the expanded TIF area.

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EDITORIAL: Stop obstructing TIF projects

We applaud the move by certain Democrats on the City-County Council last month to advance a proposal to expand the downtown tax increment financing district. Now we’re counting on the full council to pass it when it’s eligible for consideration at the council’s Sept. 17 meeting.

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New metropolitan development director named

Adam Thies will succeed Maury Plambeck as director of Indianapolis’ Department of Metropolitan Development, effective Oct. 1. Plambeck will lead a program directing the next RebuildIndy investments into city neighborhoods.

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Carmel moves toward $183 million refinancing

The refinancing would free up about $8.8 million for future development projects and keep the Carmel Redevelopment Commission out of the red. But a skirmish is brewing over a CRC proposal for the city to help cover operating expenses.

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