Simon grossly overpaid
Having experienced a somewhat predictable rejection of the proposed compensation package for CEO David Simon, the board of Simon Property Group now will propose a lesser amount which, by comparison, will seem reasonable.
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Charter schools in pipeline to be heavy on technology
Three “blended learning” educational organizations have been approved to open 19 charter schools here that combine online technology and face-to-face instruction. The strategy allows schools to save money by employing fewer teachers, yet also can produce impressive student results.
HICKS: UL model could fix financial regulation morass
We need a compromise that preserves innovation and mitigates the tendency for the sort of moral hazard that fueled the last recession.
Conexus: State growth will slow without more infrastructure investments
Nearly all of the $3.8 billion the state received from leasing its toll road is spent or committed, and Conexus Indiana says roads and bridges are crumbling again. How does the group, which focuses on manufacturing and logistics, recommend paying for infrastructure improvements? In effect, by raising taxes.
BOEHM: Marion County small-claims courts fail us
A rule change by the Indiana Supreme Court can prevent plaintiffs from choosing their courts.
Buckingham reviving Gramercy project with smaller plans
Buckingham Cos. has revived plans to redevelop the massive Mohawk Hills apartment complex in Carmel, but the latest version of its Gramercy project takes a huge step back from the original dense, urban-revival-style plan the developer proposed six years ago.
Greenwood eyes more office parks for I-65 corridor
Greenwood Mayor Mark Myers wants to see more offices, corporate headquarters and medical facilities along Interstate 65. He's been meeting with business owners and developers in the area to discuss ways they can team up to pursue that goal.
Central Indiana wind-farm company seeking tax breaks
A company planning to build a wind farm spread across four central Indiana counties is asking officials in one of those counties for property tax breaks on a future phase of the project.
Typical CEO at public firm made $9.6M last year, study finds
Study that pegs Simon Property’s CEO as highest-paid finds executive compensation is soaring along with profit at public companies.
Sierra Club pressures utilities to find alternatives to coal
Dave Menzer, director of the Sierra Club’s new “Beyond Coal” campaign in Indiana, aims to spark discussion about the health and environmental costs of the state’s bituminous bounty that for years has brought relatively cheap electric rates.
Developer Kite to remake key corner in Carmel
Kite Realty Group Trust is planning a Rivers Edge-like overhaul of two shopping centers it owns at 116th Street and Rangeline Road in Carmel. The Indianapolis-based real estate firm already has landed new tenants, including a natural and organic grocery store and a handful of restaurants.
Rivers Edge success spawns 2 new retail strip centers
Kite Realty's redeveloped Rivers Edge shopping center along 82nd Street at Dean Road is 100 percent occupied, leaving other developers to capitalize on stronger retail demand in the area.
Retail lineup taking shape for CityWay project
CityWay has landed a fine dining restaurant, a mixology bar, a Qdoba and a frozen yogurt shop as developer Buckingham Cos. turns its attention to the retail portion of the $155 million mixed-use project.
State’s chilly recycling climate means higher costs for container makers
Some manufacturers favor legislation that would encourage consumers to return their empties.
New ads reflect IMS’ more-aggressive sponsorship mindset
The Indianapolis Motor Speedway is selling advertising along the world-famous, 103-year-old race course for the first time ever, a break with tradition that promises to boost its financial firepower as racetracks nationwide are struggling.
Massive Anson project showing residential, retail progress
Duke Realty Corp. has retrenched at its massive Anson development in Whitestown—focusing on the most promising sections, rearranging some of its site plans, and letting land-purchase contracts expire on about 300 acres where development prospects are likely several years away.
Plan seeks to turn towpath into arts corridor
The city of Indianapolis and private-sector players are lining up behind an effort to rebrand the Central Canal Towpath as an art-themed destination dubbed Art 2 Art by adding artwork and improving the trail.
Utilities, public clash on tree-trimming policies
Indianapolis Power & Light, others say money is at stake if tighter controls are enforced.
Dan Laikin spurred probe of Tim Durham, filings reveal
The FBI had been investigating Tim Durham since March 2009, when his friend Dan Laikin, a Fair Finance board member, offered up incriminating information on the Indianapolis financier in hopes of securing a lighter sentence for himself in an unrelated case.