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Five Indianapolis not-for-profits learned yesterday that they will receive a total of $5 million in funding from the state’s Neighborhood Stabilization Program. Southeast Neighborhood Development Corp. will receive $1.3 million. John H. Boner Community Center, King Park Area Development Corp. and Riley-Newport Area Development Corp. each will get $1 million, and Near North Development Corp. […]
Normal 0 false false false MicrosoftInternetExplorer4 Patrick Rooney, who helped turn IUPUI’s Center on Philanthropy into a premier research center, has been chosen as its executive director, IUPUI Chancellor Charles Bantz announced today. Rooney is an economist who became the center’s first full-time research director in 1999. He has been serving as interim executive director […]
Check out these conceptual renderings of a public-private downtown redevelopment project approved today by the Metropolitan Development Commission. The $65-million project calls for apartments and retail space adjacent to the former site of Market Square Arena. The renderings suggest the…
The Indianapolis Metropolitan Development Commission this afternoon approved a city plan to partner with a private developer on a $65 million downtown redevelopment project adjacent to the former site of Market Square Arena. The plan, approved by a 7-2 vote, allows the city to enter into a project agreement with the developer, an entity called […]
Normal 0 false false false MicrosoftInternetExplorer4 WellPoint Inc. executives “explored” a plan to take the company private, its chief financial officer told investors today, according to a Reuters report. Because the stock price of the Indianapolis health insurer has been so low, its leaders considered using its own cash and lots of debt to help […]
Normal 0 false false false MicrosoftInternetExplorer4 Libertarian Party stalwart Andy Horning, who ran for Indianapolis mayor in 1999 and Indiana governor in 2000 and 2008, is leaving the state for a job in Texas, the party announced today in a press release. Horning, 50, has been the Libertarian Party of Indiana’s best-known torchbearer and most […]
Normal 0 false false false MicrosoftInternetExplorer4 The NCAA wants to give schools an economic break. College sports’ largest governing body has announced it will suspend membership dues for the next school year. It also hopes to save about $500,000 by holding most of its future committee meetings in its headquarters city of Indianapolis. Some NCAA […]
Indianapolis International Airport officials are facing a budget shortfall because of fewer flights at the same time they have higher costs from the new terminal that opened last year. Officials expect revenue to be $15 million less than planned this year but that the airport has enough cash reserves to cover the shortfall. Flight traffic […]
The troubled ISTA Insurance Trust says it will discontinue paying long-term-disability benefits to teachers next month – a move that drew a rebuke this morning from Indiana Insurance Commissioner Jim Atterholt. “It’s pretty shocking what they are attempting to do here,” he said. “These people on disability – they have nothing after July. How do […]
Normal 0 false false false MicrosoftInternetExplorer4 Indianapolis-based Ice Miller LLP has the highest percentage of female equity partners among the nation’s most profitable law firms, according to the June issue of The American Lawyer magazine. More than a quarter – 27.3 percent – of Ice Miller’s partners who have an ownership stake in the firm […]
The Metropolitan Development Commission will hold a hearing today to discuss a proposal for a $65 million development adjacent to the former site of Market Square Arena. Developers want to create an apartment complex with 600 units and retail space. The proposal calls for the project to start within 12 months and be completed within […]
The troubled ISTA Insurance Trust says it will discontinue paying long-term-disability benefits to teachers next month – a move that drew a rebuke this morning from Indiana Insurance Commissioner Jim Atterholt. “It’s pretty shocking what they are attempting to do here,” he said. “These people on disability – they have nothing after July. How do […]
Well-known local gun dealer Don Davis essentially gave a blank check this morning to the Johnson County Sheriff’s Department to equip its fleet of patrol cars with external defibrillators. Three of the department’s cruisers already have the devices that shock the heart back into normal rhythm. The contribution from Davis could enable the county to […]
Indiana Gov. Mitch Daniels is calling legislators back to the Statehouse next week to resume work on a new state budget, and legislative leaders are already meeting to lay the budget groundwork. Daniels told a bipartisan group of lawmakers yesterday that the special legislative session would begin June 11. The Republican governor said he hopes […]
Indianapolis-based Ice Miller LLP has the highest percentage of female equity partners among the nation’s most profitable law firms, according to the June issue of The American Lawyer magazine. More than a quarter – 27.3 percent – of Ice Miller’s partners who have an ownership stake in the firm are women. That’s tops among the […]
The NCAA wants to give schools an economic break. The college sports governing body announced it will suspend membership dues for the next school year. It also hopes to save about $500,000 by holding most of its future committee meetings in its headquarters city of Indianapolis. Some meetings are currently held in the city, but […]
Indiana homeowners, business owners and car owners are assessing the damage from yesterday afternoon’s severe weather. The storms dropped baseball-sized hail in some spots, including hard-hit Hamilton County, where winds of up to 60 mph downed trees and power lines. Now a lot of Hoosiers, especially in the Fishers area, are ready to get the […]
Normal 0 false false false MicrosoftInternetExplorer4 Normal 0 false false false MicrosoftInternetExplorer4 Well-known local gun dealer Don Davis essentially gave a blank check this morning to the Johnson County Sheriff’s Department to equip its fleet of patrol cars with external defibrillators. Three of the department’s cruisers already have the devices that shock the heart back […]
Indianapolis Mayor Greg Ballard approved two new charter schools this morning, bucking calls by some to halt expansion of the taxpayer-funded schools. The new schools are the Indiana Aerospace Junior-Senior High School and the Paramount School of Excellence. In addition, Ballard assumed oversight of the Irvington Community School, an Indianapolis charter school that had previously […]
Consumer health advocates and a patent holder on a highly anticipated blood thinner from Eli Lilly and Co. want the U.S. Food and Drug Administration to halt its review of the drug, which they say may be unsafe at the suggested dose. The FDA has been reviewing Indianapolis-based Lilly’s prasugrel since January 2008. A company […]
