Cause, origin of apartment building fire undetermined
The fire destroyed part of 16 Park, a $34 million affordable housing development that's intended to help spur a revival of the 16th Street corridor.
IBJ Staff and Associated Press
Articles
City reaches $1.5M settlement over death in Bisard case
The family of a motorcyclist Eric Wells, who died in 2010 after being struck by a patrol car driven by police officer David Bisard, has reached a $1.55 million settlement with the city of Indianapolis in its wrongful death lawsuit.
Indy’s sewer-fee forgiveness ruled constitutional by high court
Indianapolis didn’t violate the Constitution when it forgave sewer-system debt owed by some homeowners while refusing to give refunds to those who had already paid, the U.S. Supreme Court ruled.
Local company part of $470 million paper mill deal
Indianapolis-based holding company Schwarz Partners LP has formed a joint venture with The Kraft Group LLC to buy two major paper mills from industry giant International Paper Co. The mills are part of a three-mill sale worth $470 million.
Sales of existing homes up nationally in April
Modest increases in home sales are the latest sign that the market could be starting to turn around nearly five years after the housing bubble burst. Still, housing construction remains at roughly half the pace that economists consider a healthy market.
Work on central Indiana wind farm set for this summer
A company planning to build a wind farm spread across four central Indiana counties north of Indianapolis says it has obtained 125 building permits for the project's first phase.
Local election sites seeing light turnout
Marion County Clerk Beth White said she expects voter turnout for the Tuesday primary to be about 20 percent, much lower than the 37-percent participation in the 2008 primary. Without a presidential primary this time around, Democrats don’t feel as much urgency to vote, White said.
Arrests made in $80M Lilly prescription drug heist
Authorities have arrested two Cuban brothers in the 2010 theft of about $80 million in Eli Lilly and Co. prescription drugs from a Connecticut warehouse, a robbery described as one of the biggest pharmaceutical heists in history, the U.S. attorney’s office said Thursday.
Indiana escapes Best Buy’s closure plans
Indiana isn’t part of Best Buy’s plan to close 50 stores, the electronics retail chain announced over the weekend.
Ex-bank exec Alley to take over Indiana revenue office
Former Fifth Third Bank president Mike Alley will take over as the state’s revenue commissioner. He’ll replace John Eckart, who resigned last week amid controversy over misplaced local option income taxes.
Indiana officials step down after $205M in local taxes mishandled
The head of Indiana's Department of Revenue and two other officials are resigning after $205 million in local option income taxes were not distributed to counties. Marion County will get an extra $41 million from the oversight.
Lilly receives Europe’s OK for new Byetta use
European regulators have approved an expanded use for the diabetes treatment Byetta, developed by Eli Lilly and Co. and Amylin Pharmaceuticals Inc. The FDA approved the same expanded use last fall.
Indianapolis attorney pleads guilty to theft charges
An Indianapolis attorney has pleaded guilty to theft charges after prosecutors say she took nearly $600,000 from two accounts for which she was responsible.
Councilors to introduce new smoking-ban proposal
Two City-County Councilors are prepared to take another stab at enacting a stronger public smoking ban in Indianapolis. And this time they think Mayor Greg Ballard will approve.
Delaware County regroups after green factories fizzle
A central Indiana county is pulling back its financial support for a pair of green-energy companies who so far haven't delivered on plans for factories with hundreds of workers.
Carbon Motors says DOE won’t give it $310M loan
Carbon Motors Corp., which hoped to create hundreds of jobs and thousands of high-tech, fuel-efficient police cars in Indiana, said the U.S. Department of Energy is not going to give the company a critical $310 million loan.
It’s official: Colts to release 4-time MVP Manning
In announcing the release of quarterback Peyton Manning on Wednesday, a tearful Indianapolis Colts owner Jim Irsay explained “circumstances were too difficult to overcome.” Beginning his departure from the Colts, the future Hall-of-Famer told Indianapolis, “I truly have enjoyed being your quarterback.”
Court OKs EnerDel parent’s bankruptcy plan
A court has approved Ener1's plan to emerge from bankruptcy, the parent company of locally based EnerDel announced Wednesday.
Feds take over SCB Bank in Shelbyville
Muncie-based First Merchants Bank will assume the deposits and some of the loans of SCB, the third Hoosier bank to fail since the banking crisis began three years ago.
Lawsuit filed over denial of senior’s home care
A Carmel-based health insurer once owned by Conseco Inc. is being sued for refusing to pay claims for in-home care submitted by California senior citizens.