Pacers, City Reach 10 Year Deal to Keep Team in Indy

Paul George

This week, the City of Indianapolis and our beloved Indiana Pacers agreed to the terms of a deal that would keep the Pacers in town for at least the next decade. The agreement locks the team into Bankers Life Fieldhouse for 10 years, with three one-year renewal options, according to documents obtained by The Indianapolis Star. In exchange, the city will provide $160 million to cover operating costs and facility upgrades. Critics of the deal have expressed concern that taxpayer money Continue Reading

Indianapolis Developer Pursuing $125 Million Downtown Apartment Plan

Crossroads

An Indianapolis developer with local roots is planning to build three separate downtown apartment projects totaling 661 units in the Quality Hill and West Crossroads areas. Jim Thomas, a partner with Cityscape Residential who grew up in Raytown, wants to enter the urban market in a big way with an investment in new apartment construction totaling $125 million. If his development plan rolls out as proposed, it would be almost twice the investment planned by the Cordish Co. in its Continue Reading