PROXY CORNER: Kite Realty Group Trust
Indianapolis-based Kite Realty Group Trust engages in the development, construction, acquisition, ownership and operation of shopping centers in the United States.
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Councilors poised to ban criminal-history question
Democratic City-County Councilor Vop Osili said he expects to draft a “ban the box” ordinance this spring or summer.
Ownership snarl resolved, Illinois Building on block
An affiliate of locally based HDG Mansur has owned the 10-story building at Illinois and Market streets since the 1980s. It’s sat empty for 10 years, thanks in large part to separate ownership of the building and the land—an arrangement once common among downtown buildings.
Kim: Does the collapse of gold mark the end of an era?
Gold serves as a “fear index,” measuring investors’ level of fear and anxiety. Investors view gold as a store of wealth offering protection from inflation, credit defaults and economic Armageddon. Gold soared from $300 per ounce in September 2001 to $1,900 per ounce in September 2011. That’s no coincidence. September 2001 was marked by the […]
Hicks: Fiscal prudence should be rewarded by tax cuts
Indiana enjoys what economists call a “structural surplus” in state tax revenue. This means the several-hundred-million-dollar surplus is a permanent affair when viewed against current expenditures. It would be astonishing if this did not lead to calls for a tax cut, and so it has.
Escape artist Bill Shirk can’t escape the allure of broadcasting
Escape artist Bill Shirk has retired his straitjacket, but remains active in radio broadcasting. His firm, Hoosier Broadcasting, in recent years bought a handful of radio stations on the Hawaiian islands and Shirk owns and is investing more money in a Boone County radio station.
Work rules split pilots, Republic
Republic Airways Holdings and the union that represents its pilots are so far apart in contract talks that the National Mediation Board in Washington, D.C., won’t schedule more meetings between the parties. Republic has agreed to higher pay, but the union wants significant changes to work rules that affect quality of life and, the union insists, passenger safety.
New pro soccer team to be called Indy Eleven
Indianapolis’ pro soccer team doesn’t make its on-field debut until April 2014, but organizers on Thursday unveiled the club’s name: Indy Eleven.
Budget includes tax cut, more school, road funds
Indiana taxpayers will see their personal income tax rate reduced by 5 percent over the next four years under a budget plan agreed to Thursday by lawmakers. The plan also repeals the inheritance tax retroactive to Jan. 1.
Mutt Strut seeks record participation
The Humane Society of Indianapolis hopes to break an attendance record Saturday morning at its annual Mutt Strut fundraiser. More than 6,000 people attended last year’s event, which allows participants and their dogs to walk the 2.5-mile Indianapolis Motor Speedway oval. Online registration ends Thursday.
Ex-lawmaker charged after crash
Former Indiana House Speaker Michael K. Phillips faces drunken driving charges after crashing his car into a pay booth Tuesday night at a Circle Centre mall parking garage. Police say the 69-year-old had a blood-alcohol content of 0.16 percent—twice the state's legal limit for driving. He told officers he had "a couple glasses of wine." The Democrat served as speaker from 1988 to 1994.
Semi plows into south-side house
A semi driver swerved to avoid a small animal on Interstate 65 and crashed into a house Thursday morning on the south side of Indianapolis. The truck, carrying 38,000 pounds of meat, traveled down an embankment before hitting the vacant house in the 1300 block of Southern Avenue at about 5 a.m. The driver wasn’t injured. Southern Avenue was blocked between Shelby Street and Boyd Avenue until the scene was cleared.
Senate cans hunting plan
A proposal aimed at legalizing five fenced deer-hunting preserves around Indiana has failed in this year’s legislative session.
Low-level felons could get less prison time under plan
Indiana lawmakers have reached a compromise that would direct more non-violent, low-level felons to work release and other local programs rather than sending them to prison.
Proposed Meijer store would displace historic homes
The retail chain Meijer hopes to build a store near 16th and Dr. Martin Luther King Jr. streets north of downtown as part of a mixed-use project by Opus Development Corp.
Lilly suing J&J for patent rights in Alzheimer’s drug race
Eli Lilly and Co. is seeking to revoke a patent held by a Johnson & Johnson unit, arguing at a London court it might delay availability of a potential treatment for Alzheimer’s disease.
U.S. unemployment applications drop by 16,000
The decline suggests hiring is improving from last month’s sluggish pace, but economists cautioned against reading too much into one week’s data.
2 local sites make annual ‘Most Endangered’ list
New to this year’s lineup, announced Thursday morning by Indiana Landmarks, are the Flanner House Homes Historic District and Phillips Temple. Several homes in the district, in addition to the temple, are in danger of being demolished.
Sinking enrollment still a drag on ITT Educational
Profit and revenue fell dramatically in the first quarter as students continued to steer away from the Carmel company, one of the country's largest for-profit colleges.