Report: State must cut spending, hike taxes or both
Dwindling tax revenues will cause a projected $1.3 billion budget gap as the state enters its next budget, according a report released Thursday by the Indiana Fiscal Policy Institute.
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Indy airport boss remains on list for Atlanta job
John Clark III, executive director of the Indianapolis Airport Authority, is one of three finalists for the top position at Hartsfield-Jackson Atlanta International Airport, the world's busiest airport. Officials have made their pick, but won’t identify their selection.
Yats owners pull out of upscale bar downtown
Two weeks after the soft launch of the long-awaited restaurant and bar on the first floor of The Ambassador apartment building downtown, Yats Restaurants has pulled out of the enterprise, leaving partner Tom Megenhardt to go it alone.
New venture capital firm off to blazingly fast start
Cultivian Ventures began investing in a no-man's land just as the financial crisis ramped up, and now it's already considering a second fund.
Two arrested after bricks hit cars on I-74
Two people were arrested Thursday morning, accused of throwing bricks at cars passing by on Interstate 74. Several drivers called police to report their vehicles being hit by bricks in the westbound lanes of I-74 at Post Road about 3 a.m. Officers found the suspects, 21-year-old Derek Schilling and a 16-year-old male, near the overpass. None of the cars had serious damage and no drivers were hurt.
Missed deadline thwarts merger plan
Voters will not get to decide this fall if Greenwood and White River Township will merge after lawmakers missed the deadline for turning in proper paperwork. The White River Township board turned in the required papers too late to get the proposal on the November ballot, the Johnson County Election Board ruled Wednesday night. Officials are uncertain if the issue can be put on the ballot in 2012.
Area home sales still falling
Home-sale agreements in the nine-county area fell 23 percent in August. The decline marked the fourth straight month home sales have fallen in central Indiana.
Missing father, sons found along river
A father and his two sons were found safe Thursday morning along the White River in Morgan County after they failed to return Wednesday night from a rafting trip. Search crews found Anthony Short, 35, and Luke and Cole at about 8:30. The group departed Waverly in an inflatable raft at about 5 p.m., but didn’t arrive at a pickup point three hours later as planned. The person scheduled to pick them up notified police two hours later. The father said he and his sons got out of the water when it became too dark to continue the trip. Fox59 will have more at 4 p.m.
Redevelopment planned for prime Broad Ripple corner
A local real estate investor is trying to lure a new restaurant to a prime corner in Broad Ripple.
Colts players tee off on NFL commissioner
Profane tirade shows just how serious the labor situation is in the National Football League. Lockout could jeopardize Indy's 2012 Super Bowl.
UPDATE: Large debt load will continue to weigh on Emmis
Emmis, which has been awash in red ink, must contend with more than $340 million in debt after CEO Jeff Smulyan failed in his attempt to purchase the company and take it private.
New filings for jobless benefits fall to two-month low
Even with latest decline, new filings for jobless benefits are still much higher than they would be if the economy is healthy.
Fort Wayne hoping to keep some Navistar jobs
Fort Wayne officials say they aren’t giving up hope that Navistar International Corp. will keep some jobs in the city despite the company’s decision to consolidate operations in suburban Chicago.
Emmis CEO calls off bid to take firm private
Emmis Communications Corp. will remain a public company after executives announced Thursday morning that CEO Jeff Smulyan has abandoned his efforts to buy the Indianapolis-based media firm.
INSIDE DISH: Sun King brewery blazes past initial sales goals
Founded in 2008, Indy's first production brewery in decades already has blitzed five-year goals and plans to ramp up capacity to as much as 12,000 barrels per year, says co-owner Clay Robinson.
13 Indiana companies, school systems get diesel funds
The Indiana Department of Environmental Management says a federal grant will help pay for retrofitting school buses, technology to reduce idling by tractor trucks, towboats and locomotives, and fuel-efficient tires and aerodynamic trim for tractors and trailers.
State gets $31M for blighted neighborhoods
The state of Indiana and several of its communities hard-hit by home foreclosures are getting $31.5 million in federal grants to stabilize blighted neighborhoods.
Smulyan delays Emmis buyout vote again
A Wednesday evening shareholders meeting has been postponed until Thursday at 8:30 a.m., when the Emmis CEO again will try to take the company private.
Indianapolis’ ‘walkability’ touted to convention planners
Compact downtown is big selling point for sustainable-minded planners.
New outlook for a decrepit city neighborhood
Just a few minutes northeast of vibrant Monument Circle lurks the most notorious graveyard of Indianapolis’ industrial heyday—at least 70 of the city’s 500 brownfields. Now planners and developers aspire to revitalize the most contaminated neighborhood in Indianapolis into a success story.