Regional News

Building for game maker Fundex set for July auction

June 17, 2013
Scott Olson
One of the last remnants of the bankrupt game maker and distributor is set to be sold at auction next month. The parent of the company that makes the iconic Slinky bought Fundex in December.
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Hamilton County wants squirrels on paradeRestricted Content

June 15, 2013
Andrea Muirragui Davis
Inspired by more than 100,000 migratory squirrels that swarmed through Westfield and Fishers in the 1820s, a group of up-and-coming Hamilton County leaders is working on a public-art initiative celebrating the bushy-tailed rodents.
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Governments helped fuel nursing-facility developer's riseRestricted Content

June 15, 2013
Kathleen McLaughlin
Carmel-based Mainstreet Property Group has built 13 nursing homes in Indiana and Illinois since 2008. Six of the dozen Indiana properties benefited from municipal-backed credit or tax breaks, and a seventh received a reduced-impact fee. Mainstreet also received $345,000 in state economic incentives.
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Greenwood sues over failed pharmaceutical facility

June 13, 2013
 IBJ Staff and Associated Press
Greenwood Mayor Mark Myers says city officials had tried for months to help with talks with possible investors for Elona Biotechnologies, without any progress.
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High overhead does in Carmel Shapiro's

June 12, 2013
Andrea Muirragui Davis
The company called closing the restaurant at 918 S. Range Line Road a “strategic decision” that will allow it to focus on its flagship downtown eatery.
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Carbon Motors’ Chapter 7 filing marks official end for firm

June 12, 2013
Scott Olson
The once-promising firm that had planned to build high-tech police cars at a Connersville plant filed for bankruptcy Friday, listing liabilities of $21.7 million.
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Out-of-state developer pitches $75M Carmel project

June 11, 2013
Andrea Muirragui Davis
Baltimore-based Atapco Properties wants to redevelop 34 acres of land at Carmel Drive and Guilford Road, converting a portion of the commercial property to residential use with hundreds of apartments.
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Anderson lodge's decline mirrors city's changed demographics

June 11, 2013
 IBJ Staff, Associated Press
Anderson Elks Lodge 209 wants to auction off its building at 1803 Broadway St. The lodge has about 260 members, a sharp decline from the nearly 2,000 members it boasted in the 1970s.
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Homebuilders extend streak with 23-percent surge in permits

June 11, 2013
 IBJ Staff
Single-family building permits rose 23 percent in the nine-county Indianapolis area in May, the 11th straight month of year-over-year increases.
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HETRICK: Some don’t get that rules are sometimes made to be followed

June 8, 2013
Bruce Hetrick
When the road ahead is closed, don't be surprised when you find it necessary to turn around.
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Cummins looking to build downtown Indy officesRestricted Content

June 8, 2013
Scott Olson
Cummins Inc. wants to expand its downtown Indianapolis presence and is searching for land to construct an office building that would double the space the Fortune 500 company occupies in the city, several local office brokers said.
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Fishers, Noblesville put cuffs on charities to recoup tax revenue

June 8, 2013
Andrea Muirragui Davis
Two growing Hamilton County communities looking to build their commercial tax base are taking steps to ensure land targeted for development doesn’t end up in the hands of organizations that don’t pay taxes.
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Manufacturer plans $30.2M expansion in Franklin

June 7, 2013
 IBJ Staff
NSK Corp. and NSK Precision America Inc. said the project will allow them to hire 46 additional workers by 2016 at their 63-acre corporate campus.
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Defendant in trial over Palladium defects tries to halt repairs

June 7, 2013
Andrea Muirragui Davis
Attorneys for the Michigan contractor being sued over construction defects at Carmel’s Palladium concert hall have asked a Hamilton County court to stop repair work immediately to preserve evidence in the case.
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Muncie council backs $60M project near Ball State

June 4, 2013
Associated Press
The Muncie City Council has approved financing for a six-story parking garage as part of a planned $60 million project with apartments and commercial storefronts.
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Carmel council clashes over support of Midtown project

June 4, 2013
Andrea Muirragui Davis
The Carmel City Council will not support Pedcor Cos.’ application for a state tax credit to help pay for a $100 million redevelopment project—a contentious decision Mayor Jim Brainard called “unusual and illogical.”
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Sierra Club puts Harding coal plant in crosshairs

June 1, 2013
The Sierra Club wants the Indiana Utility Regulatory Commission to block an IPL plan to spend $511 million on pollution controls at its 39-year-old Harding Street plant, plus a four-unit station in the southwestern Indiana town of Petersburg.
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Are hospitals on trajectory to pair up?

June 1, 2013
J.K. Wall
Indianapolis-area hospitals are undergoing such profound and permanent changes that some predict, eventually the four major hospital systems will merge and shrink down to two.
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Explanations vary for dearth of women in top rungs of businessRestricted Content

June 1, 2013
Dan Human
Of 112 public and large private-company CEOs, only four are women, although women make up 47 percent of Indiana's work force. The four Indiana companies with a woman as CEO at the end of 2012—Bioanalytical Systems, Fortune Industries, Defender Direct and HP Products Corp.—were among a tiny group nationwide with women at the helm.
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Carmel panel refuses to back Midtown redevelopment plan

May 29, 2013
Andrea Muirragui Davis
A $100 million proposal to reinvent an old industrial area in downtown Carmel hit a snag Tuesday, when a City Council committee decided not to pursue a state tax credit that could help fund the project.
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Fishers buys properties, moves dirt to draw developers

May 28, 2013
Andrea Muirragui Davis
Officials have quietly struck deals with more than a half-dozen property owners in the triangle-shaped targeted area west of Lantern Road, east of the railroad tracks and north of 116th Street.
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Apartment business good in IU's hometown

May 28, 2013
Associated Press
Bloomington's average apartment rent was $892 last year, up nearly $60 in two years.
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$225M Westfield project in works

May 25, 2013
Andrea Muirragui Davis
Developer Steve Henke’s vision for Grand Park Village is grand: a 20-acre lake surrounded by an East Coast-style boardwalk lined with restaurants and shops. He sees a carousel at one end of the lake and a Ferris wheel at the other—with a beach, mini marina and watering hole in between.
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FDIC sues executives over Irwin failureRestricted Content

May 25, 2013
Chris O'Malley
The Federal Deposit Insurance Corp. has filed suit against four former officers of defunct Irwin Financial Corp. banks, alleging they “closed their eyes to known risks” in approving loans that contributed to the banks’ 2009 takeover by regulators.
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Homebuilder focuses on 'pocket' communities near Carmel attractionsRestricted Content

May 25, 2013
Andrea Muirragui Davis
Two Carmel natives operate Old Town Design, which is building small neighborhoods of new Craftsman-style homes in and near downtown Carmel's old neighborhoods.
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  1. Thank you for pointing out the absurdity of having The Naked Cowboy at Zoobilation. For the life of me, I don’t know why anyone would want a picture with that guy, but there were plenty of folks lined up to get a shot with him. The event could have used more restrooms out on the bridge, more photo booths and vendors offering something besides meat. There were a few more veg-friendly options this year than last, but it has a long way to go.

  2. Went to Zoobilation Friday night and had a great time. The weather was super nice and the food was very good, for the most part. Lots of sliders this year at many different tents. The slider from Alexander's was inedible, all four in my group ended up tossing it after one bite. Some tents were out of food by 8:30 and one bar area was out of cups at 8:30, not sure how that can happen. Great event in Indy and I look forward to it each year.

  3. Many of the small community hospitals are now owned by the "cash-strapped" Indy biggies, with more coming. The doctor-practise buying has been done precisely to sidestep tiered payments for out-of-hospital procedures. These are no better done, or safer, because someone administers a pain shot or snaps an x-ray in a doctor's office. And the non-payment issue is resolved next year when we all have insurance, even though many still think paying private insurers an extra 10-20% is what makes our system "world-class".

  4. I'd love to see this rendering put into the context of the surrounding neighborhood/area to get a better feel for the surrounding scale. However, just by the looks of it, it appears to be an excellent project. I'm pretty sure that if Scott Olson had said nothing regarding Chicago or Wrigleyville, Mr. "Horrible" would have found nothing bad to say. I'd love to know how Indy is becoming "Chicagofied"...

  5. Truly great and funny play. Vocalists were Broadway caliber and stage settings ideal for small stage. Would go again!

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