Bids pitch apartments, retail for former Fall Creek YMCA
Two bidders have submitted plans to redevelop the vacant former Fall Creek YMCA along West 10th Street with apartments and
retail space.
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USTA confirms local tennis event likely headed to Atlanta
Officials for the Indianapolis Tennis Championships announced Friday afternoon that they have sold the sanctioning rights
for the local tournament back to the ATP Tour.
Indiana University extends president’s contract
IU trustees have approved a contract extension for school president Michael McRobbie.
Indiana Historical Society lands $2M for new exhibits
Dubbed the “Indiana Experience,” the exhibits represent the first ticketed tourist attraction at the society’s headquarters building.
Class-action suit seeks millions for Fair Finance investors
Attorneys on Friday afternoon filed a class-action lawsuit seeking to rescind $200 million in investor purchases of Fair
Finance Co. securities and to slap Tim Durham and other company insiders with millions of dollars in punitive
damages.
Simon buying General Growth debt for possible takeover
The Indianapolis-based shopping mall owner is facing competition for General Growth from Toronto-based Brookfield Asset Management Inc., which also has been buying up General Growth’s debt.
Dungy says Weis could be good fit for Colts
Former Indianapolis Colts coach Tony Dungy says recently fired Notre Dame football coach Charlie Weis could be a good fit
with his former team. If Colts offensive coordinator Tom Moore retires, speculation bound to heat up.
State colleges face $150M in cuts as tax revenues fall
Indiana Gov. Daniels calls for cuts with announcement that tax collections for November were $144 million below forecast.
Ohio balks at Fair Finance’s latest effort to register securities
Ohio securities regulators have asked for a mountain of additional information from Tim Durham’s Fair Finance Co. that
they say they would have to evaluate before deciding whether to allow the company to resume the sale of investment certificates.
Police call teen ‘cold-blooded killer’
Investigators in Rising Sun in southeast Indiana are calling 17-year-old Andrew Conley a cold-blooded killer. Police say Conley
confessed to strangling his 10-year-old brother Conner, a fifth-grader. Police say Andrew told them he’s wanted to strangle
someone since he was in the eighth grade.
Strip club dad jailed again
The Indianapolis father accused of leaving his son alone last week while he went to a strip club is in jail again. Donald
Crawford violated a no-contact order forbidding him from seeing his 5-year-old son, according to investigators. Crawford pleaded
not guilty to child neglect charges after police say he left the boy in the cab of his tractor trailer while he partied at
the club. He later called 911, reporting the truck stolen. But police say it was parked outside and� Crawford was too drunk
to find it.
Three-year-old still critical after crash
A 3-year-old remains in critical condition after a sport-utility vehicle rammed into a daycare center Thursday. Three other
children hurt at Stepping Stones Child Care Center on East 46th Street were released from the hospital last night. An Indianapolis
police officer was pursuing an SUV following an armed robbery at the Family Dollar store on East 51st Street when the driver
lost control and rammed into the building. Two suspects were apprehended by officers. Police are still looking for a third
man who fled the scene. Fox 59 will have more at 4 p.m.
Tennis officials set to reveal tournament buyer
Sources told IBJ last week that the U.S. Tennis Association Southern Section was in serious negotiations to buy the event and move it to Atlanta.
Jobless rate unexpectedly falls to 10 percent
The Labor Department said the economy shed only 11,000 jobs last month, a vast improvement from October’s revised total of
111,000.
Indiana troopers fraternal group files bankruptcy
The Indiana Troopers Association has filed for bankruptcy protection as the fraternal organization is in a court fight with
telemarketing companies it hired for fund-raising work.
Cookware plant closing in Fort Wayne, idling 190 workers
Fort Wayne-based Lincoln Foodservice Products Inc. has notified state officials that it will close its “small wares”
plant there and let go 190 employees.
Ivy Tech offers fast degree for at-risk students
Ivy Tech Community College is offering at-risk students a chance to earn an associate’s degree in just 10 months instead of
two years.
Economists: Job creation near but likely to be slow
The economy is getting closer to generating jobs for the first time in two years, but it probably won’t be enough to stop
the unemployment rate from rising well into 2010.
City mulls 6 proposals for use of Old City Hall
Visions for the empty historic building
range from offices to a museum. Two developers propose a boutique hotel on an adjacent parking
lot. Video bonus: Tour the landmark’s interior.
Revived Marsh Supermarkets goes up for sale
Florida-based Sun Capital has completed the turnaround of Marsh Supermarkets and now is seeking a buyer
for the home-grown chain. CEO Frank Lazaran told IBJ Sun will sell Marsh “when the market is right, financing
is right, and
someone is willing to pay a fair multiple.”