The Metropolitan Development Commission in Indianapolis on Wednesday gave preliminary approval for the creation of a new downtown taxing district to support the Indy Eleven’s proposed soccer stadium. The district would allow for the collection of...... Read More
A city board next week will consider the creation of a new downtown taxing district to support a planned stadium for the Indy Eleven soccer team, part of the larger $1 billion mixed-use development known as Eleven Park.... Read More
The 2024 NBA All-Star Weekend is expected to generate at least $320 million for the economy when it takes place in Indianapolis in less than four months. The figure is a sizable hike from the $250 million local officials had previously projected.... Read More
Events at Indianapolis Motor Speedway that took place over a one-year period generated more than $1 billion in economic impact for the state, according to a new study released Tuesday. The study, commissioned by the IMS and executed by the Indiana University Public Policy Institute, found that track-related events in May 2023 on their own resulted in $566.4 million […]... Read More
Renovations to the nearly 45,000-square-foot theater are expected to run $15 million for building owner Fabio de la Cruz, whose firm Sojos Capital is redeveloping various properties throughout the neighborhood. Alamo has agreed to operate the theater.... Read More
The 300,000-square-foot facility in the 1900 block of East 60th Street is being developed by local industrial real estate firm Scannell Properties LLC and wholly occupied by the agricultural company through a 10-year lease when the building opens in 2024.... Read More
Sojos Capital, owned by Tampa-based real estate mogul Fabio de la Cruz, plans to spend about $1 million to retrofit the former Aldi’s grocery store at 3540 Commercial Drive, just east of Lafayette Road, into a neighborhood hub by the first quarter of 2024.... Read More
With most of its existing office space already leased and more than 280 apartments now under construction, 16 Tech Community Corp. is embarking on plans for the next phase of development at its eponymous 50-acre campus in downtown Indianapolis.... Read More
Bila Solar plans to create 244 jobs by 2026 at a facility partially used by Eli Lilly and Co. and Elanco Animal Health at 1249 S. White River Parkway East Drive. As IBJ reported in late August, the firm plans to spend $36 million on its portion of the 447,000-square-foot building to produce a lightweight solar module that weighs just 30% of regular glass solar panels and is 95% slimmer.... Read More
Plans for new artificial turf at Lucas Oil Stadium are moving ahead, despite renewed calls from the NFL Players Association that venues league-wide change their playing surfaces to natural grass.... Read More
