Developer to revamp 50-year-old, south-side apartment complex
Birge & Held plans to rehabilitate the 304-unit community and target low- and moderate-income renters, who face a shortage of affordable housing.
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Ex-USA Gymnastics chief pleads not guilty to tampering count
Steve Penny’s attorney, Rusty Hardin, said his client participated in a decision by lawyers to transfer documents “for safekeeping” from the Karolyi Ranch to USA Gymnastics headquarters in Indianapolis.
McCordsville winery to close tasting room, discontinue public events
A McCordsville winery is closing its tasting room and calling off public events amid an ongoing battle with the town over a noise ordinance.
Indianapolis-based Salin Bancshares to be acquired in $135M deal
Salin Bank and Trust Co.—the third-largest privately held bank in Indiana—will take on the name of its acquirer after the deal closes in early 2019.
Carmel, Noblesville plan improvements for public skating rinks
Carmel is introducing an online ticket purchasing system, while Noblesville prepares a larger ice rink.
Packaging manufacturer plans $106 million plant in Lebanon
A British company with packaging plants around the world plans to build a 550,000-square-foot manufacturing facility just southwest of Interstate 65 that will employ 140.
Claddagh Irish Pub & Restaurant to close one Indianapolis location
The Indianapolis area is down to two Claddagh locations after the closure. The restaurant’s parent company says it plans to put the property up for sale in the next two weeks.
Tobacco, opioid epidemics claimed 14,200 Hoosier lives in 2017, studies say
Two reports, sponsored by the Richard M. Fairbanks Foundation, say the state should not let up in fighting twin scourges that claim thousands of lives and cost billions of dollars in health care costs and lost productivity.
Cook Group transforms Indy beer warehouse into modern research site
The Bloomington-based maker of medical devices will use the building at 1102 Indiana Ave. to do research on cell and gene therapy in collaboration with the Indiana University School of Medicine and other organizations.
Trump returning to Indiana two times before Election Day
President Donald Trump is expected to headline a rally Friday in a Marion County high school gymnasium. He also plans an appearance in Fort Wayne on Nov. 5.
Developer pulls trigger on $50M logistics project near I-65
The new owner of the site is bullish enough on the Indianapolis market to start development of the 1 million-square-foot building without having a user signed for the space.
Fuzzy’s Vodka ends sponsorship of IndyCar, Ed Carpenter Racing
Ed Carpenter Racing said Indianapolis-based Fuzzy’s Spirits LLC plans to “concentrate on business initiatives outside of motorsports moving forward.”
U.S. apparel spending rises at fastest pace since 2005
Low unemployment, elevated consumer confidence and stronger household finances are encouraging shoppers to dip confidently into their cash.
Bloomington considering $10 million trails-and-trees project
The plan calls for borrowing the money for the work, which would also add six city entryways welcoming visitors.
Charter school network looks to join Indianapolis Public Schools
One of the city’s largest charter operators could soon join Indianapolis Public Schools, in the latest sign that the line between charter and traditional public schools is becoming blurrier.
IBJ Podcast: Detailing the Pan Am Plaza hotel-and-convention project
Guest host Lindsey Erdody (in for Mason King) talks with IBJ reporters Hayleigh Colombo and Anthony Schoettle about the public-private project, the city’s convention business and what remains unknown about the Pan Am Plaza project.
Shoppers may face hard choices again on health marketplaces
Much of the insurance left on the Affordable Care Act marketplaces limits patients to narrow networks of hospitals or doctors and provides no coverage outside those networks.
Trump briefly campaigns for two of Indiana’s congressmen at FFA convention
During his remarks at the National FFA Convention and Expo at Bankers Life Fieldhouse on Saturday, President Donald Trump talked about the Pittsburgh shooting and trade deals, and brought two Indiana congressmen on stage.
Biofuels producer to build $160M plant in Shelbyville
South Dakota-based Poet made the announcement Friday in conjunction with President Donald Trump’s planned visit to Indianapolis on Saturday to give a speech during the annual FFA convention. In his appearance, Trump is expected to talk about the administration’s effort to help farmers by being more ethanol-friendly.
Wind-farm builder IEA buys three companies for $235 million
The acquisitions are the first for IEA since it went public this spring, and signal that the company is pushing hard for more growth in the booming renewable energy sector.