Allison Transmission is urging 19 percent of its 2,200-strong hourly workforce to retire early by offering cash bonuses: $42,500 for production employees and $60,000 for people in skilled trades. The company, a former division of General Motors Corp., announced the early retirement offer last week but declined to say how much of a reduction it […]
Allison Transmission will offer early retirement to those of its 2,200 hourly workers who are eligible in order to cope with the dramatic economic slowdown. The company plans to unveil details of the offer in meetings with employees tomorrow, and declined to say how many workers might be eligible or the size of work force […]
A $100 million office park in Fishers that has been a dream of an Indianapolis developer for a decade will be anchored by USA Funds. Edgeworth Laskey Properties LLC plans to announce today that USA Funds will lease 30,000 square feet in one of five buildings designed for the 26-acre site, which is west of […]
An Idaho real estate firm that sold interests in central Indiana properties to dozens of investors around the country filed for Chapter 11 bankruptcy protection in Delaware today. DBSI Inc.’s local properties include three buildings in the Allison Pointe office park, and an office building at Heritage Park; both locations are on the northeast side. […]
Sen. Barack Obama’s election and call for change and hope, as well as Ind. Gov. Mitch Daniels’ re-election after
dramatic changes, shows that Americans can become successful again.
DBSI, an Idaho real estate firm with 250 properties worth $2 billion faces a class-action suit. Some of its properties and
investors are in Indianapolis.
The Indiana Pacers—in conjunction with sponsor Kia Motors—today are giving away free gasoline. You heard that right.
From 5 p.m. to 6 p.m., Pacers players will be at gas stations at 7751 S. Meridian St. in Greenwood, 11544 Allisonville Rd. in…
A popular northside wine bar will close at the end of October to move to a smaller space behind Castleton Square Mall. D’vine a wine bar moved from Woodfield Crossing…
The woman chosen as president and CEO of the city’s Super Bowl host committee isn’t exactly a household name, but those who hired her think she’ll make Indianapolis the best host city ever. Allison Melangton, 46, is the first paid member of the 2012 Indianapolis Super Bowl Host Committee, and is expected to throw planning and organization into overdrive over the next 30 days.
Goodbye elevated guideway. Goodbye buses zooming down paved-over rail beds. For that matter, forget about commuter trains running down the median of Binford Boulevard and I-69. Or along Allisonville Road or Keystone Avenue. These northeast corridor rapid-transit options, cheered and jeered by residents in the debate over rapid transit, officially get thrown from the train on Sept. 26. That’s if a regional government group votes to accept the recommendation of the Indianapolis Metropolitan Planning Organization for running diesel light rail…
“Traditionally, it isn’t over until the fat lady sings. But it seems it will soon be over for the singing fat lady.”
So opens a piece in The London newspaper The Independent concerning the slimmer and fitter brand of opera…
Cities and counties are looking for alternatives to asphalt as the price soars for the oil-based material and threatens
to bring paving projects and contractors skidding to a halt. The city of Indianapolis may have just found
one viable alternative that goes down like asphalt: roller-compacted concrete, or "rollcrete."
Citizens Gas & Coke Utility on Aug. 25 will announce a new name and logo that reflect the diversification of its energy businesses and the closure last year of its 98-year-old foundry coke plant. Citizens Energy Group will be the name of the parent, a utility founded 120 years ago. Two units-Citizens Gas and Citizens Thermal-will retain their names. But a third, Citizens By-Products, will be renamed Citizens Resources. “We’re entering a new era,” said Citizens President and CEO Carey…
A local developer known for its strip centers has stopped building new projects, scaled back its staff, and is trying to
unload several of its properties in an apparent bid to survive. Williams Realty Group earlier this year
shuttered its custom-home-building operation, DayMarc Homes, and now observers are wondering if owners Dave
Crockett and Marc Freije can keep the rest of Williams afloat.
Several landmark commercial properties fronting Interstate 465 on the northeast side could be in the path of bulldozers
when the state begins adding lanes as early as 2012. Memos prepared by a consulting firm to the Indiana
Department of Transportation go as far as estimating acquisition prices for buildings, including that of
country station WFMS-FM 95.5 and other Cumulus Media stations at 6810 N. Shadeland Ave.
Wow, what a busy day. First off: No luck so far snagging a rendering of the new Buffalo Wild Wings under construction along Washington Street…
At least 12 local Starbucks stores are slated to close by early next year as part of a 600-store nationwide purge. The chain is closing eight stores in Indianapolis and stores in Carmel, Greenwood, Beech Grove and Plainfield. About 200 people in central Indiana could lose their jobs in the move since each location employs […]
Former car dealer and congressional candidate Eric Dickerson has filed for personal bankruptcy after three failed businesses
left him saddled with more than $1 million in debt. Dickerson says he is virtually broke save for a $101,000 inheritance he
is set to receive from the estate of his late mother.
A bankruptcy trustee is planning an auction of Premier Properties USA Inc.’s
remaining office furniture while struggling to get a handle on what other assets remain for the defunct developer.
If you were at the track over the weekend or in the past few weeks, you made your way through Speedway,
an island of stability in a county where some other older communities, like Beech Grove, are slipping into
decay.
Speedway…
