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General Growth Properties Inc., the nation’s second-largest shopping mall operator, filed the biggest real estate bankruptcy in U.S. history early today after it failed to persuade a majority of its debt holders to give it more time to refinance $27 billion in debt. Indianapolis-based Simon Property Group is the only mall operator bigger than Chicago-based […]
The Indiana House has approved a bill that would prohibit the governor from soliciting or receiving campaign contributions during budget-writing sessions of the General Assembly. The bill also would prohibit any businesses with state contracts worth more than $50,000 from giving contributions to statewide office holders or candidates. The ban would also apply to executives […]
A Statehouse proposal that would allow Indianapolis to raise local taxes to save its cash-strapped stadium agency cleared the Indiana Senate yesterday as the debate over who should pay for the bailout continued. The Senate voted 33-17 for a proposal to fund the Indianapolis Capital Improvement Board, which expects to be $47 million short in […]
Eight Midwestern states, including Indiana, hope to secure federal stimulus money for a network of faster passenger trains with Chicago as its hub – joining forces to boost their chances of getting a cut of $8 billion set aside for high-speed rail. The governors, including Illinois Gov. Pat Quinn, said yesterday they have sent a […]
Last week, I offered tickets to the 16th annual Stutz Artists Open House, happening April 24-25. I also asked you to tell me the first piece of art you can remember making or seeing. Here is a sampling of the many “art you made” responses: “Etch-a-sketch.” (Debby Blake) “A construction paper cherry tree for George […]
Another $4.4 million in economic recovery funds are going to four airports in Indiana, with about half of the amount going to repair a taxiway at Mount Comfort Airport, about 10 miles east of Indianapolis. U.S. Transportation Secretary Ray LaHood said the Federal Aviation Administration will provide $2.2 million to Mount Comfort. Another $1 million […]
Thousands of protesters – many first-timers – gathered on the Indiana Statehouse lawn yesterday to make it known they were fed up with overspending by the government. The word “enough” was everywhere – on signs handed out by organizers, spelled out in red, foam letters behind a country music band, on the homemade signs held […]
Duke Realty Corp. plans to sell 65.4 million common shares in a public offering in order to repay loans under its unsecured line of credit, the Indianapolis-based company announced yesterday afternoon. Duke today priced the offering at $7.65 per share, and said it hopes to raise $479.8 million in net proceeds. The company will reduce […]
The federal unemployment tax rate paid by Indiana employers might rise 38 percent next year if the state has not repaid all of the hundreds of millions of dollars in loans it needs to keep paying jobless benefits, a top official said yesterday. Chief Financial Officer Scott Sanders of the Department of Workforce Development told […]
IBJ reporter Kathleen McLaughlin chimes in with an update on efforts to launch a new Indianapolis ballet company:
The potential launch of a…
A large box of tea bags was dumped from a Lafayette bridge into the Wabash River today as part of a series of tax-day protests being held across the country. Several hundred people cheered this afternoon as the tea bags were dumped in a symbolic recreation of the Boston Tea Party. Organizer Donn Brown told […]
A Statehouse proposal that would allow Indianapolis officials to raise a handful of local taxes to save its cash-strapped stadium agency has cleared the Indiana Senate. The Senate voted 33-17 today for a proposal to fund the Indianapolis Capital Improvement Board, which expects to be $47 million short in its operation of the city’s professional […]
As the Arts Council of Indianapolis begins searching for a new CEO to replace outgoing Greg Charleston (See IBJ’s story here), the obvious question is: What are we looking for?
What should be the role of the Arts Council’s CEO…
Arts Council of Indianapolis CEO Greg Charleston is leaving the organization after 15 years. His July 1 departure comes as the Arts Council faces drastically reduced funding from the city of Indianapolis, and possibly from the Indiana Arts Commission. “While it is difficult to leave such a great organization and wonderful city, this is a […]
TechPoint today announced the finalists for its annual Mira Awards, which honor the state’s top-performing companies, schools and individuals in technology-related pursuits. Four panels of independent judges narrowed a record number of nominees down to 63 finalists in 11 categories for the technology-focused business-development group’s 10th annual honors. The winners will be announced May 16 […]
Bargersville firefighters spent more than an hour last night battling a fire that continued to smolder six hours later at the RMP Rubber Mulch storage building across the street from their fire station. The fire gutted the Johnson County building after engulfing 40,000 pounds of mulch.
Only half of Indiana’s public schools met federal rules for “adequate yearly progress” this year, down from 54 percent a year ago – when the standards for success were lower, the Indiana Department of Education announced today. About 83 percent of school corporations met the standard, which comes from the No Child Left Behind Act […]
TechPoint today announced the finalists for its annual Mira Awards, which honor the state’s top-performing companies, schools and individuals in technology-related pursuits. Four panels of independent judges narrowed a record number of nominees down to 63 finalists in 11 categories for the technology-focused business-development group’s 10th annual honors. The winners will be announced May 16 […]
