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Budget hotel chain Red Roof Inn Inc. has defaulted on $361.4 million of mortgage debt, a rating agency that tracks mortgage defaults said yesterday.The hotel chain fell 30 days delinquent on four securitized loans for which the collateral was 131 Red Roof properties, said Frank A. Innaurato, managing director of Realpoint LLC, a debt rating […]
Scale Computing, a California-based developer and manufacturer of data storage technology, said today it has received state grants to help relocate its headquarters to Indiana. The company will move from Silicon Valley and begin building its operations in a yet-to-be-determined location in Indianapolis, with the help of a $2 million grant from Indiana’s 21st Century […]
First-time homebuyers continued to help buoy sales of previously occupied homes in the Midwest last month but not enough to offset continued concern over the unstable economy, according to two reports released yesterday. Overall sales in the Midwest fell 8.5 percent from a year ago, the National Association of Realtors said, and the median sales […]
Indiana House and Senate fiscal leaders are set to begin serious negotiations on a new state budget. Senate Republicans passed their version of a budget yesterday, setting the stage for House-Senate conference committee negotiations to begin during a public meeting scheduled for this morning. House Ways and Means Chairman William Crawford says he hopes the […]
Republic Airways Holdings said today it will buy struggling Midwest Airlines for $31 million in cash and debt, the second time in two days it has sought to rescue an ailing airline. Yesterday, Republic said it would bid $108.8 million to take Frontier Airlines out of bankruptcy. Republic Chairman and CEO Bryan Bedford said he […]
Indianapolis-based Republic Airways Holdings plans to acquire Midwest Airlines for $31 million, the local airline announced today. Republic will buy Milwaukee-based Midwest from TPG Capital, a Fort Worth, Texas-based private equity firm. The transaction is subject to regulatory approvals and is expected to close in four to six weeks. Republic will pay TPG $6 million […]
Indianapolis-based Republic Airways Holdings plans to acquire Midwest Airlines for $31 million, the local airline announced today. Republic will buy Milwaukee-based Midwest from TPG Capital, a Fort Worth, Texas-based private equity firm. The transaction is subject to regulatory approvals and is expected to close in four to six weeks. Republic will pay TPG $6 million […]
Kokomo Mayor Greg Goodnight will travel to Italy next month for meetings with executives of Fiat Group, which now controls Chrysler and its four factories in his city. A city spokesman said Goodnight expects two days of meetings with Fiat executives and hopes to meet with other businesses during the trip July 12-18. Chrysler had […]
The Indiana Senate has approved legislation that would keep state government running if lawmakers don’t enact a new budget by the time the current spending plan expires at the end of the month. The bill approved today would allow the administration of Republican Gov. Mitch Daniels to continue spending at current levels if the new […]
Just when you thought Hoosier icon Jared Fogle was being pushed aside by the $5 footlong ad campaign, he turns up in Manhattan playing hoops with soon-to-be NBA No. 1 draft pick Blake…
Zoos typically count on special exhibits and attractions to boost traffic. This year, they’re also getting help from an unlikely source – the recession. More than half of 120 members of the Association of Zoos and Aquariums responding to a survey reported year-over-year attendance increases. Consumers, it seems, are seeking more affordable entertainment closer to […]
A pilot and his daughter were seriously hurt yesterday after their small aircraft slammed into a utility pole in Grant County. Police say Dale Johnson, 46, and his teenage daughter, Olivia, were in a paraglider last night when it crashed in Marion. Both were airlifted from Marion General Hospital to Parkview Hospital in Fort Wayne.
Zoos typically count on special exhibits and attractions to boost traffic. This year, they’re also getting help from an unlikely source – the recession. More than half of 120 members of the Association of Zoos and Aquariums responding to a survey reported year-over-year attendance increases. Consumers, it seems, are seeking more affordable entertainment closer to […]
Republicans who control the Indiana Senate are poised to pass their version of a new state budget bill. The two-year spending plan cleared the amendment stage yesterday and was eligible for passage today. Passage would set up a showdown with the Democrat-led House on trying to strike a deal before Indiana’s current spending plan expires […]
Thousands of job seekers are expected to stop by Lucas Oil Stadium today for Indianapolis Mayor Greg Ballard’s 2009 Career Fair. The event features more than 50 local companies offering nearly 1,100 positions. Job seekers can also brush up on their skills at seven different workshops. It wraps up at 4 p.m.
Police have arrested a Brownsburg man accused in the stabbing death of his estranged wife. Joseph L. Warnock, 41, was taken into custody last night near Raceway Road and 56th Street. Detectives say he fatally stabbed Angela Warnock, 38, on Sunday as the couple’s two young girls hid in a nearby closet. Fox 59 will […]
Sales of previously occupied homes rose modestly from April to May, the third monthly increase this year, but signs of a housing recovery are fragile at best.The National Association of Realtors said today that home sales rose 2.4 percent last month to a seasonally adjusted annual rate of 4.77 million, from a downwardly revised pace […]
A number of arts organizations are making the push now for your votes in The Indy Channel’s A-List competition. Soon we’ll be seeing Nuvo’s Best of picks and the latest superlatives from Indianapolis Monthly.
Question: What is the value of such…
Itâ??s old news that houses arenâ??t selling. But did you realize the situation is so bad that migration around
the country has all but stopped?
Thatâ??s what Ball State University economist Mike Hicks and a colleague at the Mackinaw Center for…
Buildings on Monument Circle and its immediate surroundings would be protected from demolition and inappropriate alteration under plans being drawn to create a new downtown historic district. The Indianapolis Historic Preservation Commission, a unit of city government, is working on creation of the Monument Circle-Downtown Historic District using $15,000 in funding from the Central Indiana […]
