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Articles
Hansen & Horn insolvent, receivership next step for builder
The president of Hansen & Horn Group Inc. admitted in court Thursday that the troubled home builder is insolvent and agreed
to have a receiver appointed to operate the company.Visions for ailing City Market include arts venue, YMCA
Riley Area Development Corp. is pitching the idea of building a performing arts center in the City Market. The YMCA
of Greater Indianapolis, meanwhile, is in talks with the city about building a full-service fitness center on the site.Some area manufacturers see blue sky after year dominated by recession
The recession decimated Indiana’s auto-parts makers, but many other manufacturers in the state survived. After a year
adrift in the recession, they see signs of land ahead.Indiana Ice plan to build $12 million hockey facility
Ice Sports and Entertainment, the owner of the Indiana Ice hockey team, announced Wednesday afternoon that it plans to
build a complex that could contain up to four skating rinks and house the Indiana/World Skating Academy.Attorneys drop troubled home builder Hansen & Horn
Indianapolis-based Hansen & Horn Group Inc. is without legal representation after attorneys defending the troubled
home builder from a slew of lawsuits dropped it as a client.Massive CEDIA Expo returning to city after 5-year break
The locally based Custom Electronic Design & Installation Association will bring its fall trade show back to Indianapolis
in 2011 and 2012—making good on a promise to return after a $275 million expansion of the Indiana Convention Center.Company news
<p><strong>Dow AgroSciences LLC</strong>, which seems to sign a new deal every week, announced two, in fact, in the past eight
days. The Indianapolis-based developer of agricultural products announced Nov. 24 that its Canada subsidiary acquired the
assets of Hyland Seeds, a division of Thompsons Ltd. of Blenheim, Ontario. Dow Agro is adding distribution
capacity for the 2010 launch of its SmartStax variety of genetically modified seeds. Then on Dec. 1,
Dow Agro invested an undisclosed amount in Ontario-based Agrisoma Biosciences Inc. The companies have been collaborating
since 2004 to genetically engineer plant traits, and now will expand their work into field crops, such as corn and soybeans.
Dow Agro’s investment secured it a commercial license option for Agrisoma technology.</p><p>The <strong>Indiana
Clinical and Translational Sciences Institute</strong> has received $2.5 million to help it turn laboratory discoveries into
treatments faster. The money will be used to bring the <strong>University of Notre Dame</strong> into the institute, now a
partnership of Indiana and Purdue universities. Other funds will go to build up the institute’s Web site
and to figure out best practices for community-health efforts. Nearly $1 million of the funds will be used to recruit patients
to participate in clinical trials conducted by physicians at the Indiana Clinic, a new joint venture of the <strong>IU
School of Medicine</strong> and the Indianapolis-based <strong>Clarian Health</strong> hospital system.</p><p>Officials of
<strong>Wishard Health Services</strong> released details Tuesday of their first
request for bids on construction of a new Wishard hospital downtown. Hospital officials
are looking for contractors to build a 2,300-space parking garage, the first of five buildings to
house the new hospital. Marion County voters agreed Nov. 3 to back bonds that Wishard’s
parent organization will sell to fund the $754 million project. A meeting about
the bid process will be held Dec. 17. The new hospital is scheduled to open in December
2013.</p>
Planners recommend denial of IBJ variable-message sign
The city’s planning staff is recommending denial of an electronic message screen proposed as part of a new sign for IBJ Media
Corp., the parent company of Indianapolis Business Journal.EPA: IPL electric plant upgrades were deficient
Indianapolis Power & Light faces potential fines and capital expenditures after allegedly updating three generating
plants over 23 years without adding the most modern pollution controls.Topping off planned for JW Marriott hotel
The 34-story hotel, the city’s largest, is scheduled to open in 2011.
Barber shop thrives on retro appeal
Brownsburg’s Everyday Joe’s Barber Shop offers personal touch and a retro look.
Carmel performing arts center opening delayed until 2011
The new concert hall that is the centerpiece of a $150 million arts center in suburban Indianapolis will open a few months
later than expected after work was suspended over the summer because of roof problems.Retail space rises in Carmel
Retail construction has all but ground to a halt because of the recession, but that’s not the case in Carmel, where Keystone Construction Corp. is in the midst of developing a $45 million, mixed-use project.
Troubled homebuilder’s funds frozen after failing to pay judgment
A Marion County judge has frozen certain Hansen & Horn Group Inc. funds after the Indianapolis homebuilder failed to pay
a $183,000 legal judgment. The move sheds light on the severity
of the company’s woes.Ballard set to shake up CIB with staff moves
CIB Treasurer Ann Lathrop will become board president, replacing Bob Grand at the helm of the organization that oversees the city’s professional sports stadiums and the Indiana Convention Center.
College building boom puts Indiana in tough situation
The state has approved more than $1 billion in university projects in the last 18 months.
State’s jobless rate ticks up
Indiana’s unemployment rate inched up to 9.8 percent in October, reversing small declines recorded in the previous three months,
the Indiana Department of Workforce Development said Friday morning.
