Regional News

Center for Performing Arts angles for more shows, donorsRestricted Content

March 23, 2013
Dan Human
Two years after opening, the Center for the Performing Arts in Carmel is working on its first strategy, an effort aimed at maximizing attendance while providing financial stability.
More

State ties higher ed funding to resultsRestricted Content

March 23, 2013
J.K. Wall
With fewer state dollars coming with more strings, Indiana’s public universities are altering their strategies in big and small ways to receive as much money as possible from the state.
More

Bloomington council OKs revised parking meter plan

March 22, 2013
Associated Press
The Bloomington City Council voted 6-3 in favor of the downtown parking plan, which was revised following opposition from local business owners.
More

Tipton County approves $300M wind farm, with limits

March 21, 2013
Associated Press
A central Indiana county has given the go-ahead to a proposed $300 million wind farm while also approving restrictions that address concerns about the project's impact on property values.
More

Running events proliferate; sponsor dollars pour inRestricted Content

March 18, 2013
Anthony Schoettle
The 500 Festival Mini Marathon in May will once again focus Hoosier attention on distance running—a sport where shifting demographics and rising interest have combined to generate strong sponsorship revenue.
More

Madison County considers new reservoir on White River

March 16, 2013
Associated Press
Economic development officials are proposing a $300 million reservoir on the White River about 50 miles northeast of Indianapolis that would be a catalyst for new investments and jobs and would include marinas, boat docks and restaurants.
More

Carmel insurer looks within to find new CEORestricted Content

March 16, 2013
 IBJ Staff
Indiana Farmers Mutual picks executive vice president and legal counsel to replace long-time leader Daniel Stone.
More

Mass transit campaign floods market with $1 millionRestricted Content

March 16, 2013
Chris O'Malley
The campaign to expand public transit in the region has generated a busload of money for some media and marketing outlets, thanks to $1 million in federal grants to advertise the benefits of mass transit.
More

ITT fights to stem tumbling enrollmentRestricted Content

March 16, 2013
J.K. Wall
A federal investigation and a shareholder lawsuit are the latest headwinds to threaten ITT Educational Services Inc., which is trying to reverse a precipitous decline in enrollment.
More

Noblesville manufacturer plans move to Elwood, expansion

March 13, 2013
Kathleen McLaughlin
Warner Bodies Inc., a 74-year-old Noblesville manufacturer with 50 employees, expects to add about 150 workers after moving to Elwood.
More

Plainfield distribution facility with 137 workers closing

March 12, 2013
Pitney Bowes said 137 employees will lose their jobs when it ceases operations at a distribution center in Hendricks County in May.
More

Investor places first bet on Zionsville's Main Street

March 12, 2013
Tom Harton
Eric Bretzman, an engineer for Chip Ganassi Racing, closed March 1 on the purchase of 40 S. Main and negotiated a new long-term lease with il Villagio, an Italian restaurant that has operated in the 4,000-square-foot building for 10 years.
More

Annexation request crimps Anderson land plan

March 11, 2013
Associated Press
Efforts by Anderson officials to annex land to create an economic development corridor could be thwarted by a request from property owners who want to become part of the town of Lapel instead.
More

Kite Realty is makeover artist for tired shopping centersRestricted Content

March 9, 2013
Cory Schouten
Having rejuvenated Glendale Town Center and Rivers Edge, Kite is turning its attention to Rangeline Crossing in Carmel.
More

Carmel puts 7-acre parcel up for grabs

March 9, 2013
Kathleen McLaughlin
Carmel is finally ready to redevelop the former Party Time Rental site on Range Line Road, a property in which the city has invested $4 million.
More

Baldwin move a win for Lauth, a setback for downtown

March 5, 2013
Cory Schouten
The departure of trucking and auto fleet insurer Baldwin & Lyons Inc. from downtown's Landmark Center to The Congressional in Carmel is a blow for the central business district and a bonanza for Lauth Property Group.
More

Baldwin to move HQ to Carmel, add 133 jobs

March 4, 2013
J.K. Wall
Trucking and auto fleet insurer Baldwin & Lyons Inc. plans to move its headquarters from downtown Indianapolis to Carmel by the end of the year and hopes to add 133 jobs over the next five years, the company announced Monday afternoon.
More

Airport puts parking operations under reviewRestricted Content

March 2, 2013
Chris O'Malley
The revenue-hungry Indianapolis Airport Authority is reviewing its entire parking operation, including opening up its valet parking contract in search of new services that would appeal to business travelers and in turn boost the airport’s bottom line.
More

Transit bill to face tough road in SenateRestricted Content

March 2, 2013
Kathleen McLaughlin
A bill to create a rapid-transit system in central Indiana is headed for the crucible of the Senate, where skeptics stand ready to tear apart the proposal’s $1.3 billion financing plan.
More

Hospital systems forcing doctors to choose sidesRestricted Content

March 2, 2013
J.K. Wall
The five-year trend of physician practices marrying up with hospitals has made it harder and harder for independent physician practices to spend time in more than one hospital system.
More

Auto parts supplier lays off 200 in northeastern Indiana

March 1, 2013
Contech Castings LLC has suspended certain operations at plants in Auburn and Pierceton and laid off more than 200 employees after losing a customer to a competitor.
More

Chrysler confirms state investment of $374 million

February 28, 2013
Dan Human
Chrysler Group LLC plans to invest a total $374 million and add 1,250 jobs in Kokomo and Tipton, the company confirmed Thursday.
More

Carmel tech firm plans to expand, add 36 jobs

February 27, 2013
Cloud computing firm Polleo Systems Inc. said it will add the jobs by 2016 as part of a $2.5 million expansion of its Carmel City Center headquarters
More

Ambrose snags large industrial deal

February 26, 2013
Tom Harton
Ambrose Property Group will break ground next month on its first industrial project, a 545,010-square-foot national distribution center for Gordmans Inc.
More

Factory workers struggling to bounce backRestricted Content

February 23, 2013
Dan Human
Thousands of Indiana’s rank-and-file factory workers have seen their earnings lose ground to that of white-collar workers. The gap has grown even as manufacturers expect their assembly-line workers to have more skills and more advanced education.
More
Page  << 11 12 13 14 15 16 17 18 19 20 >> pager
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

ADVERTISEMENT