Indianapolis-area experts see bright spots amid ongoing real estate weakness
Health care shows signs of life, and multi-family buildings continue to hold their own, experts said during a recent IBJ Power Breakfast.
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Museum revamping security strategy to save money
A security overhaul at the Indianapolis Museum of Art promises to be more effective while saving the cash-strapped museum $600,000 a year. More than 50 gallery attendants are gone, and so is the front desk, replaced by visitor assistants, most of whom are local college students.
Judge OKs General Growth’s restructuring plan
General Growth Properties Inc. said Thursday a bankruptcy judge has approved its reorganization plan, clearing the way for the Simon Property Group rival to emerge from Chapter 11 bankruptcy protection early next month.
Tax-cap amendment means change for local government
Cuts in services, higher fees and consolidation of government units are possibilities, but advocates for the constitutional amendment say long-term certainty about property tax rates could benefit the economy.
Bankruptcy trustee sues Durham art bidders
A Florida art dealer who successfully bid more than $260,000 on artwork that once belonged to Fair Finance Co. co-owner Timothy Durham says he canceled the sale. Now he and another big bidder from Philadelphia are being sued by Fair Finance bankruptcy trustee Brian Bash for nonpayment.
Celebrity lawyer Roy Black tapped in Durham criminal probe
Tim Durham says he’s ruined financially, but he’s not cutting corners lining up legal firepower to defend himself. Durham has hired famed criminal defense attorney Roy Black of Miami, lawyers representing the Indianapolis financier in civil litigation confirmed.
2010 CFO OF THE YEAR: Edward J. Bonach
The CNO Financial Group executive vice president and CFO is the winner in the public companies category.
RENN: Indiana builds through the hard times
Major infrastructure investment at the state and local level is a significant reason for optimism for the long-term competitive positioning for the city and state.
Biomet owners look to arrange $11B marriage
Warsaw-based Biomet Inc. could get a whole lot bigger if rumors prove true that its owners have made a bid for U.K.-based rival Smith & Nephew plc.
FBI investigating Durham firms for phone cramming
The FBI is asking land-line phone customers across the country to check their bills for phantom charges from more than 20 companies controlled by or connected to embattled financier Tim Durham.
DUNN: Banking on daily fairness to customers
Dear Banking Industry: You hide fees and encourage irresponsible spending, all while touting your “free” checking accounts.
Governor seeking leeway on road deals
Gov. Mitch Daniels’ legislative priorities for next year include putting guidelines into law that would allow the state to more broadly use the private sector to design, finance or operate public infrastructure.
Insurer for Durham firm to settle suits for $5.5M
The agreement allows embattled financier Tim Durham to remain on the board of CLST Holdings, but mandates he step down as chairman and not vote on any matter unless doing so would make the board unanimous.
Not-for-profits hang out consulting shingle
Tight budgets are prompting some of the state’s largest not-for-profit organizations to launch new businesses to shore up the bottom line. The Indianapolis Museum of Art, for example, has a contract to manage the airport’s art collection.
MEREDITH: Students achieve more under collective bargaining
Recent reform measures—aimed at blaming teachers’ unions for all that ails public schools—claim that negotiated agreements are a large part of student achievement problems. Yet research shows that Indiana students fare better in school corporations where teachers have the right to collectively bargain.
Senator tries to fix Greenwood merger problems
State Sen. Brent Waltz hopes new legislation on local government mergers will mend fences in his home of Johnson County while saving other Indiana communities a series of headaches.
Fair Finance trustee sues Durham relatives
The case against Jeffrey and Dana Osler is the latest in what is expected to be a string of suits by the trustee against friends and business associates of Tim Durham who took out loans from Fair Finance but made few if any payments.