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RUBENSTEIN: New law may put limits on residential seller financing
A new federal law intended to enhance consumer protection and reduce fraud in the residential loan market may put the kibosh on seller financing of residential properties. This has huge implications for owners of rental housing.
Potterhill Homes enters Indianapolis market
A Cincinnati-based homebuilder’s expansion into Indianapolis marks the second time in six months a builder from the
Queen City has carved out space in the metropolitan area.
Buckingham thinks big with plans for downtown development
Will the latest ambitious downtown development proposal finally master the formula for transforming a downtown surface parking
lot?
Ohio plant eyes Indiana to avoid environmental rule
Ohio’s governor has asked state environmental regulators to come up with a way to save 214 jobs at a northwest Ohio plant
that is considering a move to Indiana.
OneAmerica to acquire McCready and Keene
McCready and Keene Inc. is the fifth-largest employee benefits firm in the Indianapolis area. It employs 95 people nationally, 82 of them in Indianapolis, according to IBJ research.
Democratic secretary of state hopefuls critical of voter ID law
Both Democrats seeking their party's nomination for Indiana secretary of state are critics of the state's voter identification
law, which they would have a role in enforcing as the top state election official.
Demolition to make way for U.S. 31 project
State highway officials expect about 150 houses or businesses will have to be demolished as a new 20-mile stretch of U.S.
31 is built in northern Indiana.
Train strikes, kills man sitting on tracks
Authorities say a train struck and killed a man who was sitting on the tracks near the 7800 block of Brookville Road about
2 p.m. Tuesday. Indianapolis police said in a statement that officers and officials from CSX are investigating the incident.
According to police, 42-year-old Anthony Cummings of Indianapolis was sitting on the tracks and did not appear to be aware
of the approaching train. The train's engineer saw him and tried to stop while sounding the train's horn, police said.
Cummings was killed instantly.
New child-support law targets state aid
Indiana families receiving welfare could risk losing their benefits if they don't cooperate with prosecutors trying to
collect child support. The provision—which allows the state to cancel Temporary Assistance for Needy Families benefits
for people who fail to cooperate with prosecutors—is part of an overhaul in child-support laws that takes effect July
1. Another part of the law requires casinos to withhold winnings from parents who are behind on their child-support payments.
Teenager drowns in closed park pool
Indianapolis police say a 13-year-old boy drowned Tuesday night while swimming with friends at a closed city park pool. Police
say the boy, Timothy Bray of Indianapolis, was one of three teenagers who jumped over a fence at Douglass Park. Police say
Bray was in the deep end of the pool when he went under the water and didn't surface. By the time rescue workers reached
him, he had been under water at least 30 minutes. Fox59 will have more at 4 p.m.
Clarification:
Fusion Alliance did not receive a tax abatement as a result of an expansion it announced in January 2008 but later called
off. According to the Indiana Economic Development Corp., the firm received $70,627 in training grants, all tied to existing
jobs. IBJ reported on the company's new expansion plan, which would add 107 jobs by 2014, in Tuesday's IBJ Daily.
Flea market moving into former home of Sport Bowl
A flea market is replacing a former bowling alley. Plus: A new candy shop planned for Noblesville; Monical’s heads to Lawrence;
and Panda Express eyes IUPUI campus.
Is new Westfield pro baseball team taking aim at Indians?
Principals of a proposed independent minor league baseball team think the club could draw fans from several counties and the
new ballpark could become a destination.
Indianapolis International lands direct service to Branson
Houston-based ExpressJet on Sept. 10 will begin four weekly flights to Branson on behalf of Branson AirExpress, the Indianapolis Airport Authority announced Wednesday morning.
Recession temporarily slows suburban migration
Using U.S. Census data, the Indiana Business Research Center finds Indianapolis’ population grew by 6,854 residents last year
while Fishers, Noblesville, Carmel and Greenwood saw less-than-average gains.
National new-home sales plunged to record low in May
Purchases of new homes in the United States fell in May to a record low as a federal tax credit expired, showing the market
remains
dependent on government support.
Health Foundation hires development director
Key Indianapolis Museum of Art fundraiser Kathy Nagler has been hired as the first development director for Health Foundation
of Greater Indianapolis.
Sale of local funeral home, cemetery business finalized
Pennsylvania-based StoneMor Partners could pay up to $32 million for Memory Gardens Management Co. after trust-fund and debt
obligations are made.