President Barack Obama is set to sign a $24-billion economic stimulus bill providing tax incentives to prospective homebuyers
and extending unemployment benefits to the longtime jobless who have been left behind as the economy veers toward recovery.
Every neighborhood has its battles, but the 1,017-resident Centennial subdivision in Westfield is embroiled in one of the
most unusual: a very public fight over the adequacy of its phone, Internet and video service.
Despite a swooning economy that has hammered the time-share condominium industry over the last 18 months, Resort Condominiums
International continues to outperform its market. That’s not to say there hasn’t been some pain at
the company formerly headquartered in Carmel.
The owner of the vacant former Fall Creek YMCA along West 10th Street is seeking bidders interested in tearing down the building
and redeveloping the prime 2-acre site.
As president of the Historic Landmarks Foundation of Indiana, Marsh Davis is surrounded by history every time he goes to
work. It also greets him when he comes home. Davis and his family live in a 100-year-old Prairie-style, Meridian-Kessler Neighborhood
home that they have filled with Mission
furniture, family heirlooms and quirky artifacts.
The number of building permits issued in the nine-county Indianapolis area fell 20 percent in September from the same time
last year, marking 23 consecutive months of declines.
The incentive has not generated a hoped-for boost in sales of homes at higher price-points. About 30 percent of the sales
eligible for the tax credit are foreclosures, meaning the seller likely won’t buy another home.
A troubled low-income housing project has a new owner with plans to redevelop the complex to better
connect with the Herron Morton Place neighborhood. Next door, Kroger has revived efforts to acquire
land and plan a new supermarket to replace a cramped, old-format location.
Property owners in Indiana are expected to save more on their tax bills in the next two years than originally predicted
because of caps on property taxes.