IDEM chief choking on EPA’s new ozone proposal
Cost of proposed EPA ozone limit would far outweigh any potential health benefits, Indiana Department of Environmental Management
commissioner says.
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Simon adds $1.1B to General Growth proposal
Simon Property Group Inc. added four backers to its proposal to help rival mall owner General Growth Properties Inc. emerge
from bankruptcy, increasing the plan’s total investment by $1.1 billion.Carmel City Center gaining momentum
Thirteen years after Mayor Jim Brainard first described his vision for a new downtown along Range Line Road, Carmel City Center
is starting to look like a city.Revised Mel Simon estate suit calls Bren ‘abusive’
Melvin Simon’s daughter Deborah is lashing out at her stepmother Bren in a new court filing, saying she was “mentally
and verbally abusive” toward the billionaire late in his life and kept him isolated from friends and family.Ready for subsidized vacation?
Vacations are evolving into a “human right” in the European Union. So, you guessed it, subsidies are next. But
an IU prof who’s a native of France isn’t sure it’s a good idea.Democrats want government approval of health premiums
Insurers like WellPoint Inc. should be required to get U.S. approval to increase premiums, Sens. Diane Feinstein and Tom Harkin
say.Arts Commission to share duties with regional groups
The Indiana Arts Commission revamped the way it allocates money out of concern about future state budget cuts, which would
further reduce grants available to arts organizations.UPDATE: Teachers union tells Bennett to start over on reform
Superintendent of Public Instruction Tony Bennett invites heads of teachers unions to meeting to publicly share reform ideas instead of “bureaucratic rhetoric and no
specifics.”Expansion set for Camp Atterbury training site
The proposed plan will expand the Indiana National Guard's Camp Atterbury, bring economic development to south-central
Indiana, and open a new fish and wildlife area in Putnam County in western Indiana.Education stocks rise as reports hint at looser rules
Shares of ITT Educational Services rose 9.6 percent Tuesday, their biggest gain in seven months.
Centaur’s junior lenders press for bankruptcy liquidation
Unsatisfied with the Hoosier Park owner’s reorganization plan, hedge funds represented by Wells Fargo Bank petition for conversion
of Chapter 11 bankruptcy into Chapter 7.WellPoint, UnitedHealth, grapple with medical-cost mandate
A U.S. mandate forcing insurers led by UnitedHealth Group Inc. and WellPoint Inc. to spend 85 percent of revenue from premiums
on medical care is the newest front in the battle between the Obama administration and companies over industry profits.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.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.