Central Indiana reservoir foes back river trails

Environmental groups are proposing a system of trails to promote use of the White River in central Indiana rather than damming it for a proposed $450 million, seven-mile-long reservoir.
More

Carmel sports marketing firm plans headquarters expansion

U/S Sports Advisors said it will spend $1.1 million on an expansion at its Carmel headquarters, increasing employment by 36 jobs by the end of 2018.
More

Gatling Gun Club building proving to be tough sell

Scott Olson
The building on North Illinois Street has been vacant since 2008. A downtown bar owner who acquired it nearly four years ago put it back on the market after giving up on plans to move her business there.
More

Real estate company proposing $26 million development

Becknell Industrial LLC has proposed a $26 million, three-building development on the northwest side of Indianapolis that would be ready for tenants by early 2015.
More

Indiana's first female chief justice assumes office

Associated Press
Loretta Rush was formally sworn in Monday as Indiana's first female chief justice, but her gender hardly was mentioned during the ceremony.
More

NCAA's strongest argument might be cap limit

Associated Press
The NCAA's best argument against the Ed O'Bannon ruling may be the financial limits imposed by U.S. District Judge Claudia Wilken — the same ones the NCAA lauded in her decision.
More

Daniels clarifies remarks about regional campuses

Associated Press
President Mitch Daniels said Purdue University's regional campuses should conduct research specific to their missions, clarifying recent remarks on the topic in a letter to four Fort Wayne faculty members Monday.
More

Cardinal Health unit seeks tax breaks for local drug facility

A subsidiary of Dublin, Ohio-based Cardinal Health Inc. is seeking tax breaks from the city of Indianapolis to help it open a $14.4 million local drug-production facility that would employ 85 workers by 2017.
More

Colts' Irsay seeks delay of trial on DWI charges

Associated Press
An attorney for Indianapolis Colts owner Jim Irsay filed the request for the continuance Monday. His trial had been scheduled for Aug. 28.
More

Indianapolis 2015 budget would use reserves

Kathleen McLaughlin
Indianapolis Mayor Greg Ballard will introduce to the City-County Council on Monday night a $1 billion budget for 2015 that taps reserves to make ends meet. Next year would be the third year in a row that the city taps fund balances to close a budget deficit.
More

EMS company to end most Indiana services

Associated Press
Rural/Metro Corp. is going to stop serving more than 30 communities in Indiana. Martinsville Mayor Phil Deckard said the company will end service within 60 days.
More

Indiana lottery manager misses goal, but hits record numbers

Kathleen McLaughlin
The Hoosier Lottery's top official said she is "pleased" with a private manager's performance, even though the firm fell short of its income target during the first full fiscal year of its 15-year contract with the state.
More

Central Indiana home sales continue to trail 2013

Home-sale agreements declined 13.8 percent in the nine-county area in July, the 11th straight month deals have decreased.
More

UPDATE: Indiana State Fair attendance tops 950,000

Associated Press
This year's 17-day run goes down in the books as one of the three most attended.
More

Good Earth exits appeal of Broad Ripple project

Scott Olson
The $30 million development has been delayed by a request to repeal a zoning change for the property. Though Good Earth is no longer involved, a local resident is continuing his fight against the project from Browning Investments Inc.
More

Lilly among those eyeing antibiotic maker Cubist, analyst says

Bloomberg News
The rising threat from drug-resistant germs and increasing calls from global health groups for more potent antibiotics is placing a premium on companies such as Cubist. The $4.8 billion drug developer is preparing to introduce four new medicines by 2020.
More

Indiana's first female chief justice taking office

Associated Press
Loretta Rush is scheduled to be sworn in as Indiana Supreme Court chief justice on Monday afternoon by Gov. Mike Pence. She replaces current Chief Justice Brent Dickson.
More

State adds jobs; unemployment rate remains at 5.9 percent

Indiana added 9,900 private-sector jobs in July, with more than half of them coming in the manufacturing sector, the state announced Monday morning.
More

Company closing local operations, cutting 110 workers

Jeff Newman
ModusLink Global Solutions Inc. plans to shut down its 96,000-square-foot distribution facility in Indianapolis, eliminating 110 jobs by the end of October, the company said late last week.
More
Page  << 1 2 3 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. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

ADVERTISEMENT