Black Expo making pitch for lost CIB grant
Not-for-profit hopes to have $150,000 in annual funding restored, particularly now that it has taken on the additional duties
related to the Circle City Classic.
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Articles
Parking privatization may spur economic development
Mayor Greg Ballard’s potential lease of more than 15,000 street, surface and garage parking spaces could create turnover downtown
and in Broad Ripple, boosting retailers and restaurants.Lilly diabetes drug may have cancer risk, FDA says
Once-weekly form of Byetta is awaiting the FDA’s OK. Analyst predict the new version of the drug, if approved, could rack
up sales of $2 billion annually.City approval of Citizens Energy deal could come in May
Citizens Energy should have completed the majority of its due diligence of the city’s water and sewer utilities, which
it plans to acquire, by the end of this month.Airport shrugs off CEO probe over travel allegations
The Indianapolis Airport Authority board had heard the allegations that John Clark, their star candidate for airport CEO,
spent big on world travel while chief of the Jacksonville Aviation Authority. Now, the Florida state attorney is collecting
travel records there and information from Indianapolis about trips Clark made here for job interviews.Nursing home association facing big debt
The Indiana Health Care Association is looking for a new leader even as it tries to dig out of a pile
of debt. Current President Steve Smith, whose contract expires Nov. 30, says he’s put the organization on a path to be financially stable by 2012. But his predecessor says Smith has ruined a once-strong organization.Centaur bets on risky restructuring plan
Bankrupt Hoosier Park owner Centaur Inc. has offered its creditors a risky reorganization plan. For it to work, dozens of
hedge funds must stay in the game, in return for a chance to buy a big chunk of the company later.Financial backer agrees to drop suit against Lauth
Affiliates of Lauth’s largest financial backer, Inland American Real Estate Trust in Chicago, agree to dismiss their suit
against
the Indianapolis-based
developer, and also withdraw a request to have a Chapter 11 trustee appointed.UPDATE: Steak n Shake shareholders OK name change
Steak n Shake Co. shareholders on Thursday approved changing the parent company’s name to Biglari Holdings Inc. Shares
begin trading under the new name on Friday.South-side landfill gets OK to grow
Residents on Indianapolis’ south side say they're not done fighting a proposed landfill expansion in Decatur Township.
The development commission approved a request to rezone land near Kentucky Avenue and Interstate 465, close to the White River.
An existing landfill would be expanded by more than 200 acres. South Side Landfill Inc. said it will install a berm, slurry
wall and a buffer zone of agricultural land to keep trash residue from leaking into the river. The issue heads to the City-County
Council.
Shareholder group wants WellPoint to become not-for-profit
Proposal at annual meeting will ask health insurer to study feasibility of converting to not-for-profit status.
Ballard mimics Major Moves infrastructure-improvement plan
So far, in discussing his plan to sell the city’s water and sewer utilities, Mayor Greg Ballard has
emphasized the impact on utility rates, the $1.5 billion in city debt Citizens would assume, and the chance
to improve streets and sidewalks. But Ballard also has another key objective: business attraction and
expansion.City utility deal treads in murky waters
A $1.9 billion proposal to sell the city’s water and sewer utilities splashed into public view last month, but some
financial details settling at the bottom line could make the deal harder to swallow.Airport CEO pick had host of critics in Florida
John D. Clark, the man nominated to be CEO of the Indianapolis Airport Authority, has been a polarizing figure in Jacksonville,
where he’s been CEO of the Florida city’s aviation authority since 2001.Fishers approves $19M auto mall development
The town has agreed to create a tax-increment financing district to help fund infrastructure improvements for Butler Automotive
Group’s proposed development.Star’s union upset over newspaper’s use of story
A piece written by a reporter more than three years ago that was repackaged recently as part of an advertising supplement
has
drawn the ire of the paper’s guild.Logistics study revisits old concerns
The two-year study by the Conexus Indiana Logistics Council Executive Committee involved 36 logistics executives statewide.
Heralded BioTown project a shadow of its goal
The tiny town of Reynolds had big plans when Gov. Mitch Daniels touted it in 2005 as the location of BioTown USA, the state's
first project to make a community produce enough energy to become self-sufficient.Airport ponders radical ideas to boost revenue
The Indianapolis Airport Authority is poised to pull out all the stops to maximize revenue in the face of declining travel.
Possibilities include hosting a farmer’s market atop the airport parking garage and opening secure areas to shoppers who aren’t
flying anywhere.Daniels warns of health bill’s ‘immorally huge’ taxes
Daniels told members of the Economic Club of Indianapolis that it’s ridiculous for anyone to suggest the nearly $1 trillion
health care overhaul signed into law Tuesday by President Barack Obama won’t add to the nation’s debt.