Articles

City OKs $10M in street upgrades for natatorium plan

The Indianapolis Metropolitan Development Commission on Wednesday approved $10 million in downtown tax-increment financing funds to pay for street improvements on the IUPUI campus. The contribution works in conjunction with IUPUI’s $20 million overhaul of the IU Natatorium.

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UPDATE: City board approves recycling deal with Covanta

Despite heavy lobbying from opponents, the Indianapolis Board of Public Works on Wednesday voted 4-1 in favor of a contract extension with incinerator operator Covanta that will make the company the city’s main household recycling provider for the next 14 years.

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Clock ticks on Wigwam’s fate

Anderson officials say the city will take ownership of the iconic gym, but only if it has a binding agreement by Sept. 2 with a group to reopen the Wigwam.

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Report: Carmel panel may face TIF shortfall but can pay debts

New financial projections suggest the Carmel Redevelopment Commission will have enough annual revenue to pay its debts for the next 15 years before dipping into reserves. But property taxes from the city’s two-dozen TIF districts could fall more than $1 million short as soon as next year.

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