Scott Olson [email protected] The Indiana Office of Management & Budget yesterday released details of two studies used to arrive at the $13 million it said could be saved by combining the Capital Improvement Board and the Marion County Building Authority into one organization. State officials initially had declined to make the studies available to the […]
Indiana State Treasurer Richard Mourdock said the Supreme Court’s rejection of an appeal by a trio of Indiana pension and construction funds to block the sale of Chrysler to Fiat shortchanged secured investors. “I am disappointed to have learned that the U.S. Supreme Court has lifted the stay in the Chrysler bankruptcy case, thereby allowing […]
The Indiana Office of Management & Budget yesterday released details of two studies used to arrive at the $13 million it said could be saved by combining the Capital Improvement Board and the Marion County Building Authority into one organization. State officials initially had declined to make the studies available to the public. Indiana Gov. […]
Construction work on a new Kroger-anchored development along the Monon Trail at 86th Street is drawing the ire of Nora neighborhood leaders. They’re frustrated by the removal of trees and bushes along the trail by the project’s developer, locally based…
Italy’s Fiat is the new owner of the bulk of Chrysler’s assets, closing a deal today that saves the troubled U.S. automaker from liquidation and places a new company in the hands of Fiat’s CEO.The deal clears the way for a new, leaner Chrysler Group LLC to emerge from bankruptcy protection minus billions in debt, […]
Kentucky’s horse-racing industry would get a stimulus package of its own under Gov. Steve Beshear’s proposal to allow video gambling in the state, with the bulk of the proceeds going to the tracks. The Kentucky Lottery Corp. would oversee video slot machines to be allowed exclusively at race tracks in the state under the plan […]
Preparations for the 2012 Super Bowl are apparently immune from the economic problems dogging Indianapolis these days. NFL vice president Frank Supovitz told city and business leaders yesterday that the city has exceeded other host sites in terms of financing and prep work. “When Indianapolis came in to present itself for the Super Bowl, all […]
Midwest Independent Transmission System Operator Inc. in Carmel announced today that it will create nearly 70 new jobs within the next five years. The company, which manages the flow of electricity for its member utilities in 13 states and a Canadian province, plans to invest about $110 million to upgrade computer equipment and software at […]
Capital Improvement Board President Bob Grand today declined to predict the future for the cash-strapped sports facilities agency, but said he backs a proposal that would merge the CIB into a new organization. “I’m 100 percent in support of their solution,” he said, referring to the plan presented last Thursday by Indiana Gov. Mitch Daniels […]
Duke Energy Corp. has struck a settlement with customer groups as part of a regulatory request to upgrade its electric grid, including the use of “smart” electric meters, the company announced today. If approved by the Indiana Utility Regulatory Commission, Duke would begin installing the meters within six months. The Charlotte, N.C.-based utility eventually plans […]
The city’s Capital Improvement Board will meet today for the first time since Indiana Gov. Mitch Daniels and Indianapolis Mayor Greg Ballard presented their plan to rescue the financially troubled entity. Last Thursday, the two proposed raising hotel, rental car and sports-admission taxes, and merging the CIB into a new agency, to raise the funds […]
Duke Energy Corp. has struck a settlement with customer groups as part of a regulatory request to upgrade its electric grid, including the use of “smart” electric meters, the company announced today. If approved by the Indiana Utility Regulatory Commission, Duke would begin installing the meters within six months. The Charlotte, N.C.-based utility eventually plans […]
Three Indiana state pension and construction funds are asking the Supreme Court to block Chrysler’s sale to Fiat so they can pursue an appeal in hopes of getting a better deal. Also filing emergency papers at the high court yesterday were lawyers representing consumer groups and individuals with product-related lawsuits. An appeals court in New […]
There are nearly no innocent parties to the conspiracy that brought the Big Three low, from greedy executives to combative
labor unions to elderly uninformed stockholders.
A local architecture firm hopes to challenge hip Mass Ave with an arts-themed development in Fletcher Place. The $9 million
project would include apartments, retail and office space.
The CEO of the Wishard Foundation resigned last month, prompting the fund-raising arm of Wishard Health Services to tap consulting
firm Johnson Grossnickle & Associates for a replacement.
Insurer shows gov’t how to cut costs A major health insurer says the government can save more than $500 billion in Medicare spending by sending patients to less expensive, more efficient doctors, reducing hospital visits by the elderly and cutting unnecessary care. Those are among 15 suggestions made recently by UnitedHealth Group Inc., a Minnesota-based […]
Lawmakers return to Indianapolis June 11 tanned, rested and presumably ready to agree upon a budget that, via gubernatorial assent or a veto override vote, will guide Indiana through fiscal 2010-2011.
The congressional committee opened its hearings with this question: Who killed the American auto industry? A long line of people waited to answer. “I did,” said the consumer who continued to buy from the Big Three, “by accepting an inferior product out of loyalty to the flag, by assuming that poor quality was the best […]
Could the Virginia Avenue corridor eventually challenge Mass Ave as the hip place to live downtown? A local architecture firm hopes to make a strong case with an artsthemed development on the site of a former mail-sorting facility in Fletcher Place. The $9 million project called Fletcher Place Arts would include 56 mostly one-bedroom apartments, […]
