Regional News

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 attractions

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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Pittman pitches $90M mixed-use project for Zionsville

May 22, 2013
Andrea Muirragui Davis
One of the highest-profile tracts of undeveloped land in Zionsville could be transformed into a commercial and residential hub if Pittman Partners' 62-acre project gets the town’s blessing.
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Proposed requirements could sink Muncie-area wind farm

May 19, 2013
A central Indiana official says the tough conditions opponents of a planned wind farm are seeking for the project would leave little room for the proposed power-generating wind turbines.
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Purdue makes fast progress on tuition freeze

May 19, 2013
Associated Press
The school is nearly three-fourths of the way to reaching its goal of $40 million in savings or new revenue.
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Greenwood, Whiteland try to spur, shape growthRestricted Content

May 18, 2013
Kathleen McLaughlin
Two Johnson County communities are determined to capture—and control—the next wave of suburban growth.
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Firms ladle trips, car allowances on top of rich pay packagesRestricted Content

May 18, 2013
Dan Human
Senior executives at Indiana's public companies last year received, on average, more in perks than the typical Hoosier earned all year, IBJ found after reviewing Securities and Exchange Commission documents for more than 60 Indiana companies.
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River protest set for proposed central Indiana reservoir

May 17, 2013
Associated Press
Organizer and environmentalist Clarke Kahlo told The Herald Bulletin that the group is trying to build public awareness of the amount of land that would disappear if the reservoir is built.
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Westfield Farmers Market pulls plug on 2013 season

May 16, 2013
Andrea Muirragui Davis
Organizers at the not-for-profit Downtown Westfield Association on Wednesday said the open-air market near City Hall will not operate this year. It had been scheduled for Friday evenings from June to September.
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Bloomington manufacturer closing, laying off 72

May 15, 2013
 IBJ Staff
Hartmann USA said Wednesday that it will move the Bloomington operations to its U.S. headquarters in Rock Hill, S.C., where it plans an $18 million expansion.
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Eco devo veteran takes over Hamilton County Alliance

May 15, 2013
Andrea Muirragui Davis
Former state Department of Commerce Chief Tim Monger took the reins of the economic development group after financial woes forced the organization to reevaluate priorities. He plans an aggressive approach.
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Manufacturer planning expansion, 100 jobs in Boone County

May 13, 2013
 IBJ Staff
CNH Parts & Service, the product-support division of international manufacturing giant CNH Global NV, plans a $13.3 million expansion in Lebanon.
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Co-founder's death alters Naked Monkey's growth plan

May 11, 2013
Andrea Muirragui Davis
The recession and then the death of a founder put the Carmel waxing spa on a new trajectory. Now co-owner Brenda Schultz is mulling expansion plans.
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Developer planning $60M project near Ball State

May 10, 2013
Associated Press
Investment Property Advisors of Valparaiso hopes to build a four-story building wrapping around a six-story parking garage that will have 228 apartments and storefronts on the street level.
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Greenfield plant transforms waste into fertilizer

May 9, 2013
Associated Press
Spring gardeners, lawn manicurists and nursery folk of all varieties on the hunt for cheap fertilizer this planting season need look no farther than the Greenfield's wastewater treatment facility.
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Hamilton County voters approve school referendums

May 7, 2013
 IBJ Staff
A $95 million expansion of Fishers and Hamilton Southeastern high schools, and a $28 million project to expand Noblesville High School were approved by voters Tuesday.
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Review finds no conflict in state's deal with Mainstreet

May 7, 2013
 IBJ Staff and Associated Press
Gov. Mike Pence asked the Indiana Economic Development Corp. in early April to review its decision to grant $345,000 in performance-based economic incentives to Mainstreet Property Group LLC, a company started by a top Republican lawmaker and his son.
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Central Indiana county not blocking wind farm plans

May 7, 2013
Associated Press
Delaware County commissioners decided Monday that they won't take immediate action on a moratorium to block a proposed wind farm.
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Meijer might finally be coming to AnsonRestricted Content

May 4, 2013
Construction paperwork indicates the store will be almost 200,000 square feet and employ 100 people.
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State OKs private financing for roadworkRestricted Content

May 4, 2013
Kathleen McLaughlin
The Indiana Department of Transportation will press ahead with a request for proposals on Interstate 69 from Bloomington to Martinsville, in hopes that a public-private partnership will stretch limited state funds.
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Trial date set in Carmel's lawsuit on Palladium construction

May 1, 2013
Andrea Muirragui Davis
The 2-year-old complaint concerns defects to steel supports discovered during construction of the city's signature concert hall.
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