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Mayor Greg Ballard’s administration will be confronting “very difficult decisions” as it attempts to close the Indianapolis Capital Improvement Board’s projected $47 million deficit. “Until I have the cash-flow analysis completed, I can’t fully articulate what those decisions are going to be, but I don’t see any of them being good,” Paul Okeson, chief of […]
WISH-TV Channel 8 announced this morning that it has named Patti McGettigan its new news director. McGettigan currently holds the same title at WOOD-TV Channel 8 in Grand Rapids, Mich. Both WISH and WOOD are owned by Providence, R.I.-based LIN TV Corp. She replaces Kevin Finch, who left in June for a position with Calamari […]
Technology interests got half of what they wanted in a state budget passed yesterday by the Indiana General Assembly and signed into law by Gov. Mitch Daniels. The 21st Century Research and Technology Fund, the state’s showcase program for investing in fledgling high-tech firms, said it would receive $35 million in the two-year budget, short […]
Kroger Central Division President Bob Moeder and Pacers Sports & Entertainment President Jim Morris jointly
announced a "comprehensive partnership" at an 11 a.m. news conference today. The announcement included a
dramatic
unveiling of…
A hearing to discuss plans for a $65 million downtown redevelopment project was pushed to August after city officials learned the site does not have the required zoning. The city offered a rich incentive package to drive the redevelopment of the former Bank One operations center and an adjacent surface parking lot between New Jersey, […]
Gary officials are seeking nearly $25 million in federal money to tear down more than 900 abandoned houses and 200 empty commercial buildings in the city. U.S. Sen. Evan Bayh yesterday toured a city neighborhood of boarded-up and fire-scorched houses with Mayor Rudy Clay and a top federal housing official. Bayh said afterward that he […]
The Indianapolis Newspaper Guild voted overwhelmingly yesterday against a new contract with the Gannett Co.-owned Indianapolis Star. Union members voted 97-9 against a contract that would cut salaries by 12 percent between now and October. The contract gave union members no assurances there wouldn’t be further layoffs or unpaid furloughs. “Because this was not a […]
Panera hopes to include sidewalk and atrium seating for its new restaurant under construction at Claypool
Court. The bakery cafe, which is taking second-floor space next door to Weber Grill, has asked…
As expected, AIT Laboratories CEO Michael A. Evans has transferred ownership of the company to its workers through an employee stock ownership plan, or ESOP, the company announced today. The Indianapolis-based company declined to reveal the price of the sale. Fast-growing AIT Laboratories previously said it would make “a major announcement” today with Indiana Treasurer […]
State regulators yesterday granted Indianapolis Water a 12.3-percent emergency rate increase – less than the 17.5 percent sought last February to relieve the utility drowning in variable-rate bond debt. The Indiana Utility Regulatory Commission rate order was critical of the utility’s management, however, and required better disclosure of financial records as a condition of the […]
About 120 employees have worked their last day at a Baldor Electric Co. factory in central Indiana after the company consolidated its operations. Union officials say that the layoffs that took effect yesterday leave only 37 employees at the Columbus plant. Nearly 200 people worked at the factory when Fort Smith, Ark.-based Baldor bought it […]
Now that another General Assembly is mercifully behind us, itâ??s a good time to raise a festering question
about the lopsided nature of ideas bantered about the Statehouse in recent years.
Gov. Mitch Daniels has driven a wide-ranging agenda characterized by…
Once again Eli Lilly and Co. is running in the lead pack in dollars spent to bend ears on Capitol Hill. And that was even before the health care reform debate got rolling. Through the first quarter, the Indianapolis-based drugmaker was on pace to break the record amount of lobbying it did last year, when it […]
A look at some features of a budget bill passed by the Indiana General Assembly and signed into law by Gov. Mitch Daniels tonight: – Spends about $27.8 billion over the two-year budget cycle. – Public schools will see an average state funding increase of about 1 percent in the first year and 0.3 percent […]
The Indiana General Assembly passed a two-year state budget today, narrowly averting a large-scale state government shutdown that would have begun just after midnight. The Democrat-led House voted 62-37 for the $28.7 billion budget late this afternoon, and the Republican-ruled Senate passed it 34-16 about two hours later. The bill was quickly signed into law […]
This afternoon’s announcement that Tony George no longer would be president and CEO of Indianapolis Motor Speedway and other companies owned by the Hulman-George family had been anticipated for more than a month. On May 27 – three days after this year’s Indianapolis 500 – SpeedTV correspondent Robin Miller reported that the board had voted […]
Directors of Hulman & Co. and the Indianapolis Motor Speedway this afternoon announced that a new management team comprised of veteran IMS executives W. Curtis Brighton and Jeffrey G. Belskus will head the Hulman-George companies effective July 1. Brighton, currently executive vice president and chief legal counsel, will become president and CEO of Hulman & […]
Directors of Hulman & Co. and the Indianapolis Motor Speedway this afternoon announced that a new management team comprised of veteran IMS executives W. Curtis Brighton and Jeffrey G. Belskus will head the Hulman-George companies effective July 1. Brighton, currently executive vice president and chief legal counsel, will become president and CEO of Hulman & […]
It's official. As reported by SpeedTV and IBJ more than a month ago, Tony George has stepped down from
his leadership role at the Indianapolis Motor Speedway.
The biggest question remaining is what will…
A former pastor accused of bilking thousands of investors out of millions of dollars in a Ponzi scheme aimed at their Christian beliefs has been charged with securities fraud. The Indiana secretary of state’s office says warrants on 10 felony counts each were issued today for Vaughn Reeves of Sullivan and three of his sons. […]
