Articles

TIF study highlights district shortfalls

The tax-increment finance district created around the former United Airlines maintenance hub at Indianapolis International Airport doesn’t generate enough revenue to meet its annual debt payment. Neither do several other area TIF districts.

Read More

PROXY CORNER: Vera Bradley Inc.

Vera Bradley Inc., 2208 Production Road, Fort Wayne, Ind., 46808, sells handbags, accessories, paper-and-gift items and travel items through 55 retail stores, nine outlet stores, 3,300 specialty stores and through verabradley.com.

Read More

Mainstreet Property affiliate stages $110M IPO

Mainstreet owns 18 percent of HealthLease Properties Real Estate Investment Trust, which sold 11 million shares of stock at $10 each. The stock began trading Wednesday morning on the Toronto Stock Exchange under the ticker HLP.UN.

Read More

Mayor mulls City-County Building management deal

Mayor Greg Ballard is giving the private sector its first shot at managing the City-County Building since the downtown structure opened 50 years ago. The city and county lease it from the Indianapolis-Marion County Building Authority, but Ballard’s office has posted a request for information from real estate firms interested in a 30-year operating agreement.

Read More