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.
Collapsing prices for U.S. corn and soybeans have made it harder for some farmers to pay their property taxes, at a time when these tax bills are soaring and the rate of farm bankruptcies is growing.
Over the past three years, farmland property taxes have jumped as much as 400 percent in parts of the United States, according to state and federal government data. One farmer in Ohio said his property tax bill has skyrocketed to more than $100 an acre from less than $20 seven years ago.
The City of New Albany, Indiana, and Flaherty & Collins Properties began construction on The Breakwater apartment project in December. The Breakwater is a $26.5 million luxury residential apartment development at the former Coyle Chevrolet property in downtown New Albany, Indiana
Eight years after the housing crisis, the broken system that sped the decline of Indianapolis’ urban neighborhoods remains largely intact.
Studies as early as 2004 outlined the need for systemic change — blaming the tax sale system for promoting abandoned housing. In some Indianapolis neighborhoods today, 1 in 4 houses is abandoned.
The occupant still hasn’t been determined, but other details are emerging about construction of a $3.2 million “shell” building to be constructed with the city’s help near Fort Wayne International Airport – including the fact that it is expected to create 75 new jobs.
City-County Councilman Vop Osili sees a bright future for Center Township.
Downtown is thriving, and sooner or later, that success figures to attract redevelopment to the struggling, blight-scarred neighborhoods around it.
21 schools sit abandoned in Gary, adding to city’s urban decay as district unable to sell them
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