Heavyweights may vie to manage venues for troubled CIB
An aide to Mayor Greg Ballard says he hopes a private operator can find “operating and maintenance savings in the millions."
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MARCUS: Citizens unite to halt progress
Herbert Hubert is an attorney with Hem Haw Hack and Hew. We met at the local Hot Java. He wanted to solicit my participation
in a variety of causes with a common theme.Horizon Wind Energy opens its first Indiana wind farm
At full tilt, the units of Meadow Lake I Wind Farm in Brookston can generate about 200 megawatts, enough
to power 60,000 average size homes in a year.Premier lays off workers as lawsuits, debt pile up
Premier Properties USA Inc. has eliminated about half its headquarters staff—more than 40 employees—as banks seize
several of its properties and CEO Christopher P. White faces a barrage of new lawsuits alleging unpaid bills, defaulted loans,
illegally redirected rent payments and check fraud.Creditor pursues troubled Premier’s property
Wachovia Bank has begun foreclosure proceedings on one of Premier Properties USA Inc.’s most prized developments,
a giant Ohio lifestyle center anchored by Target and J.C. Penney.SPECIAL REPORT: Financial travails dog ‘mystery man’ at helm of Premier Properties
An IBJ review of hundreds of pages of public records shows Christopher P. White and his Premier
Properties USA Inc. are facing major financial and legal challenges. The most glaring signs of trouble: Contractors have filed
more than $3.5 million in liens against Premier’s retail properties in Plainfield; the state of Indiana is trying to
recover $375,000 in sales taxes on White’s airplane; and the contractor who renovated his Lake Clearwater mansion
is suing him to recover more than $600,000 in unpaid bills.Speedway breaks ground on redevelopment project
Speedway officials broke ground Thursday morning on the first phase of a $500 million redevelopment project they hope will transform the small town into a year-round racing-themed destination.
Financial flexibility drew Civic Theatre to Carmel center
The Indianapolis Civic Theatre could take as long as 20 years to pay the $10 million fee it agreed to as part of a deal to
relocate to the state-of-the-art Regional Performing Arts Center in Carmel.RELLER: Refinancings likely to undermine prices for commercial real estate
Buyers armed with cash stand to snap up distressed properties for 40 percent less than their 2008 appraised values.
Fledgling technology park is development bright spot
WestGate@Crane Technology Park is adding office buildings for defense contractors next to the secretive Naval Surface Warfare
Center at Crane.Civic Theatre confirms plans to relocate to Carmel
Indianapolis Civic Theatre will move from the campus of Marian University to the Regional Performing Arts Center under construction
in Carmel. The theater and Carmel Redevelopment Commission released a joint statement Tuesday announcing a long-term deal
that calls for the Civic to pay $10 million to be the center’s primary occupant.Teachers’ pension fund poised to buy downtown building from Duke
The Indiana State Teachers’ Retirement Fund is negotiating to buy a 12-story office building across from the
Statehouse in what could be the year’s largest downtown office transaction.State pushing Monroe County officials to adapt I-69 plans
Bloomington and Monroe County officials have declined to include aspects of the I-69 project in their transportation improvement
plan.City program benefits veteran-owned businesses
The city’s Veteran Business Enterprise program aims to increase the representation of veteran-owned businesses on city projects—an
effort that has generated $217,000 in contracts for such firms so far.Traffic down at new Indianapolis airport terminal
The new terminal at Indianapolis International Airport has seen a 10-percent decline in passengers during its first year.
Indiana voters trending against schools in tax votes
Indiana voters seem willing to pay more in property taxes to help school districts cover operating costs. The results of last
week’s referendums, however, continue the trend against supporting plans for bigger, better schools during tough economic
times.U.S. jobless rate tops 10 percent for first time since 1983
Nearly 16 million people can’t find jobs even though one of the the worst recessions in generations has apparently ended.
IURC conducts review of Centennial’s telecom service
Every neighborhood has its battles, but the 1,017-resident Centennial subdivision in Westfield is embroiled in one of the
most unusual: a very public fight over the adequacy of its phone, Internet and video service.IUPUI mulling options for old Wishard Hospital site
The most obvious use for the old Wishard site is an expansion of the Indiana University School of Medicine, particularly for
medical research space, university administrators said.