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Indiana Legislative Moves That Will Impact the Real Estate Industry

May 2, 2024 | KSMLA

The Indiana General Assembly recently closed its 2024 legislative session without much fanfare, but a few of the bills that passed are noteworthy for real estate developers and investors. Maybe equally important for the real estate industry is what didn’t make its way into final legislation. Is Your Property “TIF-able”? Tax increment financing (TIF) is … Continue reading Indiana Legislative Moves That Will Impact the Real Estate Industry

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Mitigating Property Tax Consequences on Office Properties

Apr 15, 2024 | Chad Miller, CMI
Certified Tax Representative

The shift to remote work since the pandemic has significantly impacted the real estate market, and office properties have taken some of the biggest hits. Many companies are finding they don’t need the same amount of square footage as before. This is leading to higher vacancy rates and rising cap rates, which ultimately reduce the … Continue reading Mitigating Property Tax Consequences on Office Properties

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Decoding Tax Increment Financing (TIF)

Nov 15, 2023 | Chad Miller, CMI
Certified Tax Representative

Tax increment financing (TIF) is a tool used to fund economic development by capturing future increases in property tax dollars generated from new industrial, commercial, or even residential development. This increase in property tax dollars is the incremental increase in assessed value that is typically determined by an assessor once the construction of the improvements … Continue reading Decoding Tax Increment Financing (TIF)

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Indiana General Assembly Makes Forward Moves in Economic Development During 2023 Session

Jun 15, 2023 | KSMLA

Economic development is a constant priority for the Indiana General Assembly, and 2023 was no exception. During this year’s legislative session, lawmakers added funding to a variety of incentive programs that promote investment in Indiana – and created other economic development programs anew. Highlights include a second round of funding for the popular READI program, … Continue reading Indiana General Assembly Makes Forward Moves in Economic Development During 2023 Session

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READI 2.0: Insights for Indiana’s
Real Estate Community

Apr 5, 2023 | KSMLA

In 2021, Indiana launched the Regional Economic Acceleration and Development Initiative (READI), dedicating $500 million in state funding to promote strategic investments in regions throughout the state. The program was such a boon – returning more than $8 billion to the state’s economy – that Gov. Holcomb petitioned the state legislature for a second round of … Continue reading READI 2.0: Insights for Indiana’s
Real Estate Community

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Approach New Innovation Districts with Optimism

Apr 25, 2022 | Katie Culp, MBA

This article originally appeared in the IBJ.com. As the dust settles from this year’s session of the Indiana General Assembly, there is one piece of legislation that communities across Indiana should pay attention to as it relates to our state’s ability to attract new jobs and investment. Senate Bill 361, recently signed into law by … Continue reading Approach New Innovation Districts with Optimism

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Small Cities Fret Over Feds Redefining Metro Areas

Mar 21, 2021 | KSMLA

This article originally appeared on thehill.com More than 140 small cities across America are worried that the federal Office of Management and Budget is about to hand them a demotion. Their anxiety stems from a group of technical advisers who proposed the office change the standard by which it measures what qualifies as a Metropolitan … Continue reading Small Cities Fret Over Feds Redefining Metro Areas

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Senate committee approves bill to take away zoning control from Indianapolis

Feb 5, 2021 | KSMLA

This article originally appeared on IBJ.com. An Indiana Senate committee has approved a controversial bill that would strip most of the zoning control for Marion County away from the city of Indianapolis. Senate Bill 392, authored by Republican Sen. Mike Young of Indianapolis, would give each township in Marion County—except for Center Township—its own board … Continue reading Senate committee approves bill to take away zoning control from Indianapolis

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State’s Skills Enhancement Fund Works but Is at Risk

Apr 22, 2019 | Tim Cook, JD Katie Culp, MBA

This article originally appeared on IBJ.com. Indiana’s success (or failure) at talent development is key to its future. Legislators and Gov. Eric Holcomb have spent a lot of time addressing this challenge. They’ve created new programs, talked of consolidating agencies, and devoted a lot of money trying to do it better, smarter. We support and … Continue reading State’s Skills Enhancement Fund Works but Is at Risk

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Any Lessons Learned From Amazon’s HQ2 Debacle in New York?

Mar 8, 2019 | Tim Cook, JD Katie Culp, MBA

This article originally appeared on REJournals.com. During the dawn of Amazon’s announcement that the world’s most beloved business was in search of a second headquarters (HQ2), economic development watchers predicted a bold, new day in site selection. Renowned renovator of so many fundamentals of our everyday lives – from how we purchase goods to how … Continue reading Any Lessons Learned From Amazon’s HQ2 Debacle in New York?

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