Greenwood officials and a developer say a tax break for the proposed Greenwood Iceplex is necessary, but some residents are questioning if the city is acting outside the boundaries of state law.
Minor-league hockey team Indy Fuel owners Jim and Sean Hallett have proposed the Greenwood Iceplex with up to four ice rinks to be built on 6 acres at Freedom Park. They have requested a five-year, $450,000 property tax break, and the city has also offered to lease the land for $1 a month for 60 years.
A battle pitting big-box retail giants including Menards and Wal-Mart against Wisconsin towns and cities is headed to the Legislature.
Republican-backed proposals, written in conjunction with the League of Wisconsin Municipalities, are designed to close the so-called dark store loophole and increase how much the mega-retailers pay local communities in property taxes.
ANDERSON – A sister company to NTN Driveshaft will make a $98 million investment in Anderson that will bring 198 jobs to the city.
Anderson city officials will announce this morning that NTK Precision Axel Corp. will build a 300,000 square foot facility to the west of the NTN Driveshaft building near 73rd Street and Layton Road.
NTK hopes to start production at the Anderson facility in October 2018. The last of the 198 jobs are expected to be created by 2021.
Greenwood’s mayor unveiled plans Monday to invest $30 million into transforming the city’s sleepy downtown into an urban oasis.
New shops, restaurants, parks and apartments will bring a cool factor to the historic downtown corridor near Main Street and Madison Avenue, said Mayor Mark Myers, who released details during a 2 p.m. news conference at the Greenwood City Center.
Rehabilitation and stabilization of a historic building in the heart of Crothersville are completed.
Now, the two-story brick structure at the corner of Howard and Armstrong streets is on the market.
ANDERSON – The owners of Raceway Industrial Park in Anderson have acquired a nearby property from the RACER Trust. The nearly 15-acre tract previously served as parking for the old General Motors facilities. Tower Anderson LLC says the property will be used to expand the park’s parking and storage capacity.
Indianapolis Indiana Secretary of Commerce Victor Smith and Hobart Mayor Brian K. Snedecor joined executives of NB Coatings, a Japan-owned manufacturer of automotive coatings for plastics, today as the company broke ground on its new northwest Indiana facility, creating up to 22 new jobs by 2018. Among all U.S. states, Indiana has the largest amount of Japanese investment per capita with more than 250 Japan-based businesses operating in Indiana today, said Governor Mike Pence. As a state, we’ve made it a top priority to establish a pro-growth business environment that is attracting job creation from across the globe, and today Im proud to welcome yet another international business to the Hoosier state.
Source: Illinois-Based Manufacturer Expanding in Lake County – 6/28/2016 – IN.GOV
CHICAGO – Chicago residents are already grumbling about the likelihood of paying significantly higher property taxes this year, and the bills haven’t even been sent out yet.
Source: Tax bills heading up for Chicago property owners
An Indianapolis developer wants to build a four story, $25 million student apartment building next to Indiana State University, but is asking for a five-year tax abatement from the city.