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May 18, 2015

Franciscan Alliance has offered to take over Jasper County Hospital in exchange for accepting all of the hospital's liabilities and debt, according to the Rensselaer Republican. A proposed asset purchase agreement was discussed May 13 by a joint meeting of the hospital’s board of trustees, the Jasper County Commissioners and the Jasper County Council. The […]

Kroger’s $464M plan for Indy includes new stores, 3,440 jobs

April 29, 2015

The Cincinnati-based grocer on Wednesday revealed further details of a four-year strategy to solidify its place in the Indianapolis-area market, including new, expanded and remodeled stores.

Bankrupt Toll Road operator execs to share $2.5M bonus

March 18, 2015

Five top executives from the bankrupt operator of the Indiana Toll Road will split $2.45 million in bonuses once an Australian company closes on a $5.72 billion deal to buy the lease-holding business.

Australian company buys bankrupt Toll Road vendor

March 11, 2015

IFM Investors announced Wednesday it has agreed to pay $5.725 billion to acquire ITR Concession Co., which currently holds the Toll Road lease.

Two counties to decide on plan for Indiana Toll Road

March 1, 2015

Authorities in two northwest Indiana counties are scheduled to decide over the next several weeks whether to proceed with a proposal to lease the Indiana Toll Road after the Australian-Spanish consortium that leased it went bankrupt.

Stonegate Mortgage closes 2014 with tough quarter

February 27, 2015

Stonegate Mortgage Corp. finished 2014 with a money-losing quarter that fell short of Wall Street expectations.

Two counties continue effort to lease Indiana Toll Road

February 11, 2015

Lake County Commissioner Roosevelt Allen told a Northwestern Indiana Regional Planning Commission committee that his county along with LaPorte County are preparing to finalize their offer.

Company news

February 2, 2015

More medical malpractice cases could be filed directly in state trial courts without first having to go through the mandatory medical review process, under legislation pending in the Indiana Senate. Senate Bill 55, which cleared the Senate Judiciary Committee Jan. 21, raises the dollar amount of malpractice claims exempt from the medical review panel process […]

Indiana Toll Road operator wins approval of bankruptcy plan

October 29, 2014

U.S. Bankruptcy Judge Pamela S. Hollis in Chicago on Tuesday granted ITR Concession Co. approval of the reorganization plan, which is supported by more than 87 percent of senior secured debtholders.

State won’t try to reclaim Indiana Toll Road from bankrupt operator

October 28, 2014

Indiana Public Finance director Kendra York said in a letter that the state doesn't want to take over responsibility for running and maintaining the 157-mile road.

Lease critics urge Indiana to reclaim toll road

October 20, 2014

Calls are mounting for Indiana to reclaim the Indiana Toll Road amid concerns over its bankrupt operator's ability to maintain the 157-mile roadway and its travel plazas.

Cutillo ramrods entrepreneurship at Stonegate

October 16, 2014

Jim Cutillo, co-founder of the fast-growing mortgage company, pushes with military intensity.

IU says Stonegate CEO did not earn Kelley degree

October 15, 2014

The CEO of Indianapolis-based Stonegate Mortgage Corp., one of the nation’s fastest-growing publicly traded mortgage companies, did not earn a degree from Indiana University as his company profile claims.

Indiana Toll Road operator set for short bankruptcy

September 23, 2014

The operator of the Indiana Toll Road, which paid $3.8 billion for a 75-year operating lease, won approval Tuesday of a schedule paving the way to exit bankruptcy court protection in just more than a month.

Dwindling traffic led to bankruptcy filing, toll road operator says

September 22, 2014

The operator of the Indiana Toll Road, owned by affiliates of Macquarie Group Ltd. and Ferrovial SA, sought bankruptcy protection Monday as expected after dwindling traffic soured a $3.8 billion bet on a 75-year lease.

As other WNBA teams struggle, Indiana Fever becomes model of stability

September 4, 2014

An aggressive year-round sales effort and the backing of the Indiana Pacers’ owner and top executive have pushed the Indiana Fever to profitability and helped the 15-year-old team become one of the WNBA’s model franchises.

Recent minor-league team sales suggest Indians worth $40M-plus

August 14, 2014

A stunning string of sales of minor-league baseball teams this year suggests the Indianapolis Indians’ current stock buy-back offer might be undervaluing the franchise.

Records – June 23, 2014

June 19, 2014

Records listings from the June 23, 2014, issue of IBJ.

Indiana Toll Road operator facing debt woes

June 19, 2014

The Spanish-Australian investor group Cintra-Macquarie paid the state $3.8 billion in 2006 for a 75-year lease of the 157-mile highway, but its toll revenue hasn't met expectations.

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416 results for '157 million'

Articles

Company news

Kroger’s $464M plan for Indy includes new stores, 3,440 jobs

Bankrupt Toll Road operator execs to share $2.5M bonus

Australian company buys bankrupt Toll Road vendor

Two counties to decide on plan for Indiana Toll Road

Stonegate Mortgage closes 2014 with tough quarter

Two counties continue effort to lease Indiana Toll Road

Company news

Indiana Toll Road operator wins approval of bankruptcy plan

State won’t try to reclaim Indiana Toll Road from bankrupt operator

Lease critics urge Indiana to reclaim toll road

Cutillo ramrods entrepreneurship at Stonegate

IU says Stonegate CEO did not earn Kelley degree

Indiana Toll Road operator set for short bankruptcy

Dwindling traffic led to bankruptcy filing, toll road operator says

As other WNBA teams struggle, Indiana Fever becomes model of stability

Records – June 23, 2014