The cash-strapped city of Indianapolis has entered agreements worth more than $12 million as it pursues a public-private partnership for a new courthouse and jail. Mayor Greg Ballard’s office says the fees will be paid by the developer.
The Capital Improvement Board of Managers of Marion County voted Monday to give the Indiana Sports Corp. $500,000 a year for the next 10 years to create a reserve fund for maintenance on the IU Natatorium at IUPUI.
Aearo Technologies didn’t fulfill its job-creation promises under a 2007 tax abatement agreement with the city of Indianapolis, but it did spend nearly $16 million on buildings and equipment.
The city will pay an annual fee to a private-sector consortium that will design, build, finance, maintain and operate the facility. According to the Ballard administration, the project won’t require a tax hike.
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.
New justice center would clear swaths of offices, raising vacancy rates at a time when the market is struggling.
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.
The Indianapolis Board of Public Works voted Wednesday to approve Covanta as the city’s main residential recycling provider for the next 14 years.
A second defendant in an alleged kickback scheme involving the Indy Land Bank has pleaded guilty, and a judge has moved a trial for three remaining defendants to early 2015.
Details of a pending recycling deal with Covanta are emerging. Under the pact, the city of Indianapolis would face financial penalties if it launches other recycling programs.
Officials want developers to submit plans for a site on the American Legion Mall, including an existing historic building and a 36,000-square-foot addition.
Center Township registered a police plate to a 2011 Dodge Charger driven by Trustee Eugene Akers, then used the plate for three years after the BMV declared it invalid.
Mayor Greg Ballard on Wednesday proposed a 5-year program to pay for preschool for 4-year-olds from low-income families. He also floated hiring another 280 police officers. The cost to the average household would be $86 per year.
U.S. attorney Joseph Hogsett, a rumored candidate for Indianapolis mayor, plans to join Bose McKinney & Evans on Aug. 1 as a partner in the litigation practice group.
The Clay Township Regional Waste District has made a $106,800 offer to King of Glory Church to buy land for the above-ground tank, which would be the size of a one-story McMansion.
The Carmel Redevelopment Commission’s 2014 revenue is estimated to exceed expenses by less than $100,000—a narrow margin for an agency with annual debt payments totaling $17.5 million.
Indianapolis officials are taking extra steps to ensure safety at Indiana Black Expo’s Summer Celebration in a year that has seen a surge in homicides.
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.
Indianapolis Fire Department veteran Ernest Malone replaces Brian Sanford, who will retire because of illness.
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.
