Indianapolis International Airport, already suffering from a 10-percent drop in passenger traffic and a projected $15 million revenue shortfall this year, is also feeling financial drag from its single most important tenant. FedEx Express cargo shipments, which amount to about half of the $25 million in airfield fees generated at the airport, fell 16 percent […]
The Blue Angels flew into Indianapolis this morning. The Navy’s world-famous stunt pilots are in town for a weekend performance at the Indianapolis Air Show, which begins tomorrow at the Mount Comfort Airport and runs through Sunday.
Indianapolis International Airport officials are facing a budget shortfall because of fewer flights at the same time they have higher costs from the new terminal that opened last year. Officials expect revenue to be $15 million less than planned this year but that the airport has enough cash reserves to cover the shortfall. Flight traffic […]
Indianapolis Mayor Greg Ballard approved two new charter schools this morning, bucking calls by some to halt expansion of the taxpayer-funded schools. The new schools are the Indiana Aerospace Junior-Senior High School and the Paramount School of Excellence. In addition, Ballard assumed oversight of the Irvington Community School, an Indianapolis charter school that had previously […]
Some industry insiders worry that, while Indianapolis is busy chasing bigger conventions, adjoining counties may raid the cupboard made plentiful by investments within Marion County, particularly downtown.
Indianapolis has built a tidy book of business in the convention trade. Confabs ranging from the National FFA to Gen Con generated nearly 22 million visitors and $3.5 billion in spending in 2006 alone, according to D.K. Shifflet & Associates and Global Insight. With a new airport terminal and Lucas Oil Stadium up and running, […]
Express Scripts Inc. has cleared an
antitrust review for its planned purchase of Indianapolis-based WellPoint
Inc.’s pharmacy benefits management business, bringing the $4.7 billion deal
closer to completion.
Indianapolis-based BioStorage Technologies Inc. announced today that it plans to create 125 jobs by 2012 and invest more than $6.1 million to expand operations. BioStorage Technologies provides long-term cold storage for advanced biomaterials used in drug development. The company, co-founded in 2002 by CEO F. John Mills, currently has 80 employees. The investment will be […]
A panel of five veterans of real estate and construction provided industry insights at IBJ‘s Power Breakfast May
1 at the Westin Indianapolis.
Cripe Architects and Engineers has been named lead consultant on a $2 million project to beautify five Interstate 70 interchanges.
Why are we so addicted to being “connected?” The cell phone, the BlackBerry, the television, all have “power off” buttons, but maybe that’s itâ??when we turn the power off, does the sense of being disconnected makes us feel less powerful?
A panel of five veterans of real estate and construction provided industry insights at IBJ’s Power Breakfast May 1 at the Westin Indianapolis. The panelists were: Mary Beth Kohart, a principal and vice president in the local office of Colliers Turley Martin Tucker; Danny Marr, a partner and principal broker for Veritas Realty; Andrew Morris, […]
Normal 0 false false false MicrosoftInternetExplorer4 A property tax appeals board granted the city of Gary and four of its sister government units $23.5 million in budget relief from new state property tax caps yesterday. But the decision by the Distressed Unit Appeals Board still means the city, its sanitary and storm water districts, its […]
Some of Indianapolis’ main entrances from Interstate 70 are in line for a $2 million makeover.
Iran is a magnificent and historically important country. It contains nine World Historical Sites as designated by UNESCO. Only 20 countriesâ??including Greece, China and Italyâ??have more.
A group of eighth grade girls from a local charter school spent all day Friday learning about real estate and developing plans for reuse of…
Eagle Creek Aviation Services CEO Matt Hagans has taken delivery of the first of 17 Phenom 100 business jets from Brazilian
aircraft maker Embraer.
Normal 0 false false false MicrosoftInternetExplorer4 One of the city’s largest hotels has been acquired and could be in for a major brand change. The Adam’s Mark Hotel Indianapolis, the area’s sixth-largest hotel, was purchased in April by Scranton, Pa.-based Nexus Hospitality Management, hotel officials announced yesterday. San Francisco-based Chartres Lodging Group LLC […]
One of the city’s largest hotels has been acquired and could be in for a major brand change. The Adam’s Mark Hotel Indianapolis, the area’s sixth-largest hotel, was purchased in April by Scranton, Pa.-based Nexus Hospitality Management, hotel officials announced yesterday. San Francisco-based Chartres Lodging Group LLC sold the 407-room hotel, located near the airport […]
Normal 0 false false false MicrosoftInternetExplorer4 A Bloomington company that provided limestone for Yankee Stadium, the White House and the new Indianapolis International Airport has filed for Chapter 11 bankruptcy protection. Victor Oolitic Stone Co., which has 85 full-time employees and 2,400 acres in Bloomington, listed assets worth up to $50 million and liabilities between […]
