INDIANAPOLIS /PRNewswire/ — Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading commercial real estate developers, announced today that the city of Fishers has provided approvals that clear the way for work to begin on the next two phases of its expansive master-planned Fishers District development in the Indianapolis suburb of Fishers.
“We are very pleased to be taking the next steps towards bringing our vision into reality,” said Ashlee Boyd, managing partner of Thompson Thrift Commercial. “We continue to appreciate and value the city’s partnership in helping to bring this landmark project to completion for the benefit and enjoyment of residents and visitors alike.”
Located near Interstate 69 and 116th Street, The Union will be a mixed-use development that will create a true urban experience. Plans for the 10-acre parcel include approximately 55,000 square feet of retail space, 60,000 square feet of Class A office space, a 150-room boutique hotel, a 250-unit multifamily community and 805 structured parking spaces that will provide parking for both residents and center visitors. Thompson Thrift is currently in negotiations for the hotel and approximately 40% of the retail space. Infrastructure work will begin in 2024 and Thompson Thrift plans to begin vertical construction in early 2025.
The Crossing at Fishers District will utilize 62 acres of land at the southern end of the development, the centerpiece of which will be the city-owned 7,500-seat event center currently under construction and the future home of the Indy Fuel—the professional hockey minor league affiliate of the NHL’s Chicago Blackhawks. The development will be a true mixed-use property, with office, retail, restaurant, residential, hotel and entertainment options. The event center is expected to be completed later this year.
“Fishers has been working with Thompson Thrift for several years to bring Fishers District to fruition, and we are very excited to provide approval for these next two phases of this monumental development,” said Fishers Mayor Scott Fadness. “Thompson Thrift has shown a commitment to bringing new categories and concepts and we look forward to hearing more about the line-up of dining, retail and entertainment options that will create hundreds of jobs and further boost our local economy.”
One new-to-Fishers name that has already committed to space at The Crossing is Chicken N Pickle. Chicken N Pickle is a unique indoor/outdoor entertainment complex that includes a casual, chef-driven restaurant and sports bar that boasts pickleball courts and instruction, a variety of yard games and space for live entertainment and lounging.
Thompson Thrift first began work on the Fishers District development in 2015 and received a Monumental Award from the Indianapolis Chamber of Commerce in 2020 for the first phase.
Advertisement
This past summer, Thompson Thrift hosted a ribbon cutting for Slate at Fishers District, a 242-unit luxury townhome and villa community adjacent to Fishers District. Demand for the community has been strong and leasing is currently progressing ahead of schedule.
Once completed, the $750 million development will span 123 acres and will be comprised of five distinct developments offering an array of multifamily, townhome, hotel, dining, shopping, and entertainment options. The developments will be connected by well-designed walking paths that will offer residents and visitors the opportunity to explore the master-planned development on foot.
Ryan Menard, vice president development for Thompson Thrift stated, “We think the combination of location, strong demographics, thoughtful design and high-quality construction will continue to drive great existing and new-to-market tenant interest in each of the Fishers District developments and create a truly unique environment with something for everyone.”
Fishers is one of the fastest-growing communities in Indiana and has consistently been nationally ranked as a top place to live. Located less than 15 miles from downtown Indianapolis, Fishers has more than 100,000 residents and is known for its entrepreneurial spirit and for attracting high-growth companies with its pro-business climate.
Thompson Thrift is a full-service real estate development company focused on ground-up commercial and mixed-use development across the Midwest, Southeast and Southwest. During the past 30+ years, Thompson Thrift has invested more than $5 billion into local communities and has become known as a trusted partner committed to developing high-quality, attractive multifamily, commercial and industrial projects.
About Thompson Thrift Real Estate Company Thompson Thrift is an integrated full-service real estate company with offices in Indianapolis and Terre Haute, Indiana; Denver; Houston and Phoenix. Three business units drive Thompson Thrift’s success—Thompson Thrift Residential which is focused on upscale Class A multifamily communities and luxury leased homes, Thompson Thrift Commercial which is focused on ground-up commercial development, and Thompson Thrift Construction, a full-service construction company. Through these business units, Thompson Thrift is engaged in all aspects of development, construction, leasing, and management of quality commercial real estate projects across the country. The company earned national recognition as a winner of a 2023 Top Workplaces USA award, the latest accolade that reflects the company’s ongoing commitment to excellence in the community and workplace. For more information, please visit www.thompsonthrift.com.
TAMPA, Fla. /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, today announced the debut of Prosperity Lakes, a brand new master-planned community offering single-family, multi-family and Active Adult homes in an idyllic, highly-amenitized setting in the heart of North Manatee County. Located in Parrish, FL, Prosperity Lakes will span approximately 1,070 acres…
BASALT, Colo. /PRNewswire/ -- Flylords, the leading digital voice in fly fishing, is excited to announce that all episodes of the Fly Shop Tour Season Two are now available for viewing. In October of 2023, the Flylords crew - in partnership with YETI, SIMMS Fishing Products, Costa Sunglasses, and more - took off on…
ST. JOHNS, Fla. /PRNewswire/ -- Sports Illustrated has named the 18-hole Stillwater Golf Course, within Lennar's Stillwater master-planned community in St. Johns, Florida, the Most Innovative Course Design for 2022. The award was given based on feedback from architects, PGA professionals, superintendents and other industry experts. All homeowners in the community enjoy a bundled…
In "Sports"
Discover more from Daily News
Subscribe to get the latest posts sent to your email.
Unmasking the Deception: The $300 Million Fraud Case Surrounding Arizona Athletic Grounds
Randy and Chad Miller face serious fraud charges after allegedly defrauding investors out of $300 million in their failed sports complex, revealing a cautionary tale for investors.
A huge sports facility illuminated by the light of sunset. Created by AI
In a tale that intertwines ambition with deceit, the shocking story of Randy and Chad Miller, the father-son duo behind what was once touted as the largest sports and entertainment complex in the United States, has taken a dark turn. Opening the sprawling Bell Bank Park—which boasts an impressive 194 fields and courts—in East Mesa just three years ago, the Millers had big dreams. But now, they find themselves embroiled in a federal indictment that claims they defrauded investors out of nearly $300 million.
A Grand Vision Becomes a Nightmare
The original vision for the sports complex, which has since been rebranded as Arizona Athletic Grounds, was ambitious. Randy Miller, the mastermind behind the project, had long dreamed of creating a hub for sports and entertainment that would attract families, athletes, and fans from across the nation. After years of planning and investment, the facility finally opened its doors, seemingly fulfilling a lifelong dream.
However, dreams of grandeur have turned into a nightmare, as the Millers face serious allegations of using the facility as a front for an elaborate fraud scheme. With the company declaring bankruptcy in 2023—reporting debts of a staggering $366 million—investors and stakeholders are left reeling.
The Allegations: A Web of Fraud and Deceit
According to the federal indictment, Randy and Chad Miller allegedly enriched themselves at the expense of investors, using funds raised from municipal bonds for personal luxuries rather than for the intended purpose of constructing and operating the sports complex. The FBI claims they employed fraudulent documents and misrepresented the financial viability of the project to lure in unsuspecting investors.
From lavish purchases of luxury vehicles to alleged misappropriation of funds for personal expenses, their actions paint a picture of greed and entitlement. Not only did the Millers reportedly pay themselves significantly beyond disclosed salaries, but they also misled investors with false financial projections and forged documentation purporting to show interest from customers.
A Cautionary Tale for Investors
This case serves as a cautionary tale about the complexities of investing in large-scale projects. The Millers poured their aspirations into the Arizona Athletic Grounds but masked disappointing financial realities with misleading projections and falsified documents. The initial feasibility study performed in 2016 indicated the project would generate significantly lower revenues than anticipated—a warning sign that went ignored in pursuit of ambition.
In a staggering twist, the project opened to a far cry from its projected success, generating less than $28 million in its first year compared to the nearly $96 million touted to investors. With bankruptcy filings showing that investors recouped a paltry sum of less than $2.5 million from their $284 million investment, many are left to ponder how their trust could be so easily manipulated.
Legal Ramifications and Future Implications
As the case unfolds, Randy and Chad Miller are facing severe legal consequences, including charges for wire fraud, securities fraud, and aggravated identity theft. If convicted, they could spend decades in prison, a sobering reality for the once-celebrated entrepreneurs. The U.S. Securities and Exchange Commission is also pursuing parallel action, further complicating matters for the Millers.
Advertisement
This incident not only reflects the pitfalls that entrepreneurs can face but also highlights the responsibilities of investors to conduct thorough due diligence before committing funds to any venture. The tale of the Millers serves as a stark reminder of the importance of integrity, transparency, and community trust in business practices.
Conclusion
As this saga continues to unfold, the story of the Arizona Athletic Grounds serves as a reflection on ambition gone awry. It’s a stark reminder that behind every grand vision lies the essential need for honesty and ethical conduct. The community of East Mesa, once hopeful for a thriving sports destination, now faces the challenge of moving forward, learning from the past, and rebuilding trust in local business ventures. We can only hope that the lessons from this cautionary tale resonate not just within the realm of sports and entertainment but across all industries that forge the backbone of our economy.
Get the latest updates and information on the rapidly growing sport of pickleball, which is specifically designed for the senior community aged 50+. Check out Sleeve’s Senior Pickleball Report on YouTube to stay informed and up-to-date with the ever-changing world of pickleball. Join the community and stay ahead of the game.
Los Angeles: Exciting developments are underway for Southern California drivers as the Metro initiates the I-105 ExpressLanes Project, aimed at easing traffic congestion and enhancing roadway safety. As one of the region’s major arteries, the I-105 has long been burdened by heavy traffic, and Metro’s innovative approach promises to transform the existing landscape for the better.
What’s Happening?
The I-105 ExpressLanes Project is set to convert the existing High Occupancy Vehicle (HOV) lane, commonly known as the carpool lane, into not one, but two Metro ExpressLanes in each direction along the I-105. This enhancement is part of Phase 1 of the project, specifically Segment 1, which stretches between Sepulveda Boulevard and Central Avenue. This phase is anticipated to last approximately three years, during which significant improvements will be made.
As part of the construction process, crews will be actively engaged in demolishing and reconstructing several sound walls, as well as performing crucial roadway pavement construction along the corridor in Segment 1. These sound wall adjustments are needed to facilitate the necessary roadway upgrades and ensure a smoother driving experience.
Where Is All This Happening?
The primary work will take place along the existing sound wall area on Westbound I-105, specifically located between Domingues Channel and the Crenshaw Boulevard on-ramp. This location is critical, as it serves as a vital section of the highway that many rely on daily.
What Can You Expect During Construction?
Navigating through construction zones can sometimes be tricky, but here’s what you can expect during this project:
Access Points: Crews will enter the work area primarily from the freeway, meaning minimal disruptions to side streets.
Daytime Work Hours: Most of the construction activities will occur during daytime hours, making it easier for commuters to plan their travel. However, keep in mind that intermittent nighttime work may be necessary to perform certain activities safely, particularly those related to roadway pavement construction.
Landscape Restoration: Once the construction wraps up and improvements are complete, landscaping and any trees that have been removed will be restored, allowing the area to flourish once again.
Important Note on Scheduling
As with any large construction project, it’s crucial to understand that work activity is subject to change based on various factors, primarily weather conditions. Because construction can be dynamic, schedules may be adjusted according to the team’s assessments on-site.
In Conclusion
The I-105 ExpressLanes Project represents a forward-thinking solution to Southern California’s persistent traffic challenges. By converting the existing HOV lane into ExpressLanes, Metro is aiming not just to alleviate congestion, but to provide a safer and more efficient roadway experience for all. Keep an eye out for updates, stay informed, and plan your travel accordingly—we can look forward to a smoother ride on the I-105 in the years to come!
STM Daily News is a multifaceted podcast that explores a wide range of topics, from life and consumer issues to the latest in food and beverage trends. Our discussions dive into the realms of science, covering everything from space and Earth to nature, artificial intelligence, and astronomy. We also celebrate the amateur sports scene, highlighting local athletes and events, including our special segment on senior Pickleball, where we report on the latest happenings in this exciting community. With our diverse content, STM Daily News aims to inform, entertain, and engage listeners, providing a comprehensive look at the issues that matter most in our daily lives. https://stories-this-moment.castos.com/
The science section of our news blog STM Daily News provides readers with captivating and up-to-date information on the latest scientific discoveries, breakthroughs, and innovations across various fields. We offer engaging and accessible content, ensuring that readers with different levels of scientific knowledge can stay informed. Whether it’s exploring advancements in medicine, astronomy, technology, or environmental sciences, our science section strives to shed light on the intriguing world of scientific exploration and its profound impact on our daily lives. From thought-provoking articles to informative interviews with experts in the field, STM Daily News Science offers a harmonious blend of factual reporting, analysis, and exploration, making it a go-to source for science enthusiasts and curious minds alike. https://stmdailynews.com/category/science/
Workers who are in frequent contact with potentially sick animals are at high risk of bird flu infection.
Costfoto/NurPhoto via Getty ImagesRon Barrett, Macalester College
Disease forecasts are like weather forecasts: We cannot predict the finer details of a particular outbreak or a particular storm, but we can often identify when these threats are emerging and prepare accordingly.
The viruses that cause avian influenza are potential threats to global health. Recent animal outbreaks from a subtype called H5N1 have been especially troubling to scientists. Although human infections from H5N1 have been relatively rare, there have been a little more than 900 known cases globally since 2003 – nearly 50% of these cases have been fatal – a mortality rate about 20 times higher than that of the 1918 flu pandemic. If the worst of these rare infections ever became common among people, the results could be devastating.
Approaching potential disease threats from an anthropological perspective, my colleagues and I recently published a book called “Emerging Infections: Three Epidemiological Transitions from Prehistory to the Present” to examine the ways human behaviors have shaped the evolution of infectious diseases, beginning with their first major emergence in the Neolithic period and continuing for 10,000 years to the present day.
Viewed from this deep time perspective, it becomes evident that H5N1 is displaying a common pattern of stepwise invasion from animal to human populations. Like many emerging viruses, H5N1 is making incremental evolutionary changes that could allow it to transmit between people. The periods between these evolutionary steps present opportunities to slow this process and possibly avert a global disaster.
Spillover and viral chatter
When a disease-causing pathogen such as a flu virus is already adapted to infect a particular animal species, it may eventually evolve the ability to infect a new species, such as humans, through a process called spillover.
Spillover is a tricky enterprise. To be successful, the pathogen must have the right set of molecular “keys” compatible with the host’s molecular “locks” so it can break in and out of host cells and hijack their replication machinery. Because these locks often vary between species, the pathogen may have to try many different keys before it can infect an entirely new host species. For instance, the keys a virus successfully uses to infect chickens and ducks may not work on cattle and humans. And because new keys can be made only through random mutation, the odds of obtaining all the right ones are very slim.
Given these evolutionary challenges, it is not surprising that pathogens often get stuck partway into the spillover process. A new variant of the pathogen might be transmissible from an animal only to a person who is either more susceptible due to preexisting illness or more likely to be infected because of extended exposure to the pathogen.
Even then, the pathogen might not be able to break out of its human host and transmit to another person. This is the current situation with H5N1. For the past year, there have been many animal outbreaks in a variety of wild and domestic animals, especially among birds and cattle. But there have also been a small number of human cases, most of which have occurred among poultry and dairy workers who worked closely with large numbers of infected animals.
Pathogen transmission can be modeled in three stages. In Stage 1, the pathogen can be transmitted only between nonhuman animals. In stage 2, the pathogen can also be transmitted to humans, but it is not yet adapted for human-to-human transmission. In Stage 3, the pathogen is fully capable of human-to-human transmission.Ron Barrett, CC BY-SA
Epidemiologists call this situation viral chatter: when human infections occur only in small, sporadic outbreaks that appear like the chattering signals of coded radio communications – tiny bursts of unclear information that may add up to a very ominous message. In the case of viral chatter, the message would be a human pandemic.
Sporadic, individual cases of H5N1 among people suggest that human-to-human transmission may likely occur at some point. But even so, no one knows how long or how many steps it would take for this to happen.
Influenza viruses evolve rapidly. This is partly because two or more flu varieties can infect the same host simultaneously, allowing them to reshuffle their genetic material with one another to produce entirely new varieties.
Genetic reshuffling – aka antigenic shift – between a highly pathogenic strain of avian influenza and a strain of human influenza could create a new strain that’s even more infectious among people.Eunsun Yoo/Biomolecules & Therapeutics, CC BY-NC
These reshuffling events are more likely to occur when there is a diverse range of host species. So it is particularly concerning that H5N1 is known to have infected at least 450 different animal species. It may not be long before the viral chatter gives way to larger human epidemics.
Reshaping the trajectory
The good news is that people can take basic measures to slow down the evolution of H5N1 and potentially reduce the lethality of avian influenza should it ever become a common human infection. But governments and businesses will need to act.
People can start by taking better care of food animals. The total weight of the world’s poultry is greater than all wild bird species combined. So it is not surprising that the geography of most H5N1 outbreaks track more closely with large-scale housing and international transfers of live poultry than with the nesting and migration patterns of wild aquatic birds. Reducing these agricultural practices could help curb the evolution and spread of H5N1.
Large-scale commercial transport of domesticated animals is associated with the evolution and spread of new influenza varieties.ben/Flickr, CC BY-SA
People can also take better care of themselves. At the individual level, most people can vaccinate against the common, seasonal influenza viruses that circulate every year. At first glance this practice may not seem connected to the emergence of avian influenza. But in addition to preventing seasonal illness, vaccination against common human varieties of the virus will reduce the odds of it mixing with avian varieties and giving them the traits they need for human-to-human transmission.
At the population level, societies can work together to improve nutrition and sanitation in the world’s poorest populations. History has shown that better nutrition increases overall resistance to new infections, and better sanitation reduces how much and how often people are exposed to new pathogens. And in today’s interconnected world, the disease problems of any society will eventually spread to every society.
For more than 10,000 years, human behaviors have shaped the evolutionary trajectories of infectious diseases. Knowing this, people can reshape these trajectories for the better.Ron Barrett, Professor of Anthropology, Macalester College
This article is republished from The Conversation under a Creative Commons license. Read the original article.
Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here:
Cookie Policy
Ron Barrett, Professor of Anthropology, Macalester College
This article is republished from The Conversation under a Creative Commons license. Read the original article.
