Ex-airport CEO getting lofty departure pay
Globetrotting John Clark, who stepped down from his job March 19, will receive $270,000, plus unearned vacation days, as part of his severance package from the Indianapolis Airport Authority.
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Clark leaves suddenly as airport chief
Recently appointed airport board president Mike Wells said the parting of ways came after he and Clark met Monday afternoon. The move follows an IBJ report on $67,000 in travel expenses for airport executives in 2011, and Wells' plans to tighten oversight.
Express Scripts’ Medco deal may be delayed by potential suit
Express Scripts Inc.’s bid to acquire Medco Health Solutions Inc. and create the largest U.S. pharmacy-benefits manager may be delayed by a lawsuit being considered by five states.
Art News
The Indianapolis Museum of Art will receive $350,000 in fees for its curators’ work on behalf of The Alexander, the hotel being built at CityWay. Curators Lisa Freiman and Veronica Roberts have selected 24 contemporary artists to create work specifically for the hotel. Buckingham Cos. President Brad Chambers, whose firm is building CityWay, has served […]
CityWay hires IMA curators to populate new hotel with art
Curators have selected 24 contemporary artists to create work for hotel, to be known as The Alexander.
Art News
The Indianapolis Museum of Art will receive $350,000 in fees for its curators’ work on behalf of The Alexander, the hotel being built at CityWay. Curators Lisa Freiman and Veronica Roberts have selected 24 contemporary artists to create work specifically for the hotel. Buckingham Cos. President Brad Chambers, whose firm is building CityWay, has served […]
EDITORIAL: Airport executives’ travel deserves scrutiny
The lavishness of the trips smacks of a culture of indulgence and raises questions about whether airport CEO John Clark III is making the best use of his time.
RIVERA: Indianapolis can become an education mecca
The critical element missing is an unparalleled market of educational opportunities. We can fix this.
Airport execs’ globetrotting sparks scrutiny
Indianapolis Airport Authority CEO John Clark and two key officers spent more than $67,000 last year on travel that included extended business trips to Brazil, Denmark, Greece, Morocco and Switzerland.
Fuel prices wreak havoc on Republic Airways turnaround
If the cost of aircraft fuel continues to approach $3.50 a gallon, 2012 fuel costs for the company's Frontier unit fuel will end up $40 million higher than the business plan.
Indianapolis bond bank chief Kintner is clutch hitter
Deron Kintner has stepped up to fund a string of high-profile real estate projects at a time when private-sector financing is scarce.
Rolls-Royce plans $42M local investment, more jobs
Rolls-Royce Corp. plans to invest $42 million to set up a new manufacturing plant in Indianapolis and create 100 jobs by 2014, the company announced Tuesday morning.
Republic to cut Chautauqua costs to counter fuel prices
Republic Airways Holdings Inc. plans to seek reduced rates from aircraft lessors and vendors in order to cut expenses at its Chautauqua Airlines, where higher fuel prices have made the unit’s smaller jets too costly to operate.
Airport spending millions to protect rare bats
The Indianapolis Airport Authority board has approved a $504,872, two-year contract with Indiana State University to study the federally endangered Myotis sodalis, which brings to $2.5 million what the airport has paid ISU since 2004 to track and observe the minuscule mammals.
Technology helps Ivy Tech marry new, old construction
3-D scans match former hospital with building plans.
Industrial spec development making a comeback
Speculative development is returning to the modern bulk industrial market after a four-year drought, with at least two projects preparing to break ground this spring and another in the works.
Indianapolis Regional Airport to handle heavier ‘birds’
Airport Authority OKs runway extension at Hancock County facility, fueling competition with Hamilton County's Executive Airport.
Airport begins taking stock of Super Bowl’s business impact
The Super Bowl generated more than $1 million in merchandise sales at Indianapolis International Airport and brought 528 additional aircraft to the facility and its regional reliever airports.
Talks start on developing ‘airport city’ to boost region
The Indianapolis Airport Authority is moving ahead with plans to build an “airport city” centered on its property, but not without buy-in from the surrounding communities.
FEIGENBAUM: State not coming to grips with slide in gambling taxes
You might be surprised to learn that Indiana’s casinos have passed the $10 billion mark in wagering and admissions taxes paid to the state and their respective host cities.