Homebuilding permits rise for 12th straight month
Through June this year, 2,603 permits have been issued in the Indianapolis area, an increase of 26 percent compared to the first six months of 2012.
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Northern office market on upswing, downtown ‘stagnant’
Downtown’s vacancy rate continues to hover around 20 percent, according to mid-year market reports, with more space becoming available than was leased. Meanwhile, the northern suburban market is showing the most improvement.
Big Anderson church files for Chapter 11 bankruptcy
The Madison Park Church of God bought a 200-acre site near Interstate 69 in 2007 and built a church there using three bridge loans. One $6 million loan matured on July 12 and couldn't be repaid.
Animated film ‘Turbo’ could give racing a boost
A new DreamWorks Animation movie centers on the Indianapolis 500. It’s a dream come true for the IndyCar Series, which can’t buy a break in halting its slide in public interest.
City expected to tap Flaherty & Collins for former MSA site
The prolific local developer Flaherty & Collins Properties is expected to land a deal with the city to build a residential and commercial skyscraper on part of the former home of Market Square Arena, multiple sources said Monday evening.
USA Track & Field faces latest doping scandal
The Indianapolis-based governing body for U.S. track and field is dealing with the fallout after several high-profile stars tested positive for banned substances.
City set to unveil Market Square project plans
City officials will reveal the winner Tuesday morning from six teams that bid on redeveloping the downtown site. All proposed mixed-use projects, but they ranged in size from eight to 52 stories.
State, Anthem ask techies to solve infant mortality
Dr. Bill VanNess, Indiana’s commissioner of health, asked IT developers to create a smartphone app that the state could offer to pregnant moms to educate them about infant health and help them easily schedule appointments with health care providers.
IU to use Conour funds to help fraud victims
Indiana University plans to use $450,000 donated to its Indianapolis law school by former attorney William Conour to aid the clients defrauded of more than $4.5 million. Conour pleaded guilty to fraud charges Monday morning.
State looks to cut red tape
The state has launched a website seeking suggestions on ways Indiana regulations could be simplified or eliminated in order to streamline rules for businesses. Gov. Mike Pence said he hopes residents will help the Office of Management and Budget with cost-cutting suggestions. He said every dollar not spent on regulatory paperwork by Indiana businesses is a dollar they can spend putting people to work.
Trooper injured in cycle crash
An Indiana State Police trooper is recovering at Methodist Hospital after crashing his motorcycle on Interstate 70 near Monrovia on Sunday. Sgt. Jon Watson was traveling eastbound just west of State Road 39 when he collided with a Chevrolet Suburban that changed lanes without signaling. He was airlifted to the hospital with multiple fractures and abrasions, but is expected to make a full recovery.
Heat wave arrives in Indy
The hottest days of the year are set to arrive this week in Indianapolis with temperatures in the low 90s and high humidity. The forecast calls for almost no chance of rain until the weekend, hazy sun and daily temperatures as high as 93. Nighttime temperatures aren’t expected to fall below 74.
Sprinkler system fee sparks battle in Bargersville
About 2,000 Bargersville Water Utility customers pay a $10-per-month fee for having an in-ground sprinkler system, generating $240,000 annually for the town, which enacted the fee in 1995.
Huge greenhouse development planned for Haughville
New York-based BrightFarms Inc. plans to build a 100,000-square-foot hydroponic greenhouse on a vacant 5-acre parcel of land at 2219 W. Michigan St. that will employ 25.
Would Medicaid expansion have saved hospital jobs?
As the Pence administration continues to negotiate with the feds, local hospitals say their recent cuts would not have been changed even if Indiana had expanded its Medicaid program.
Phone company lays off hundreds amid inquiry
A subsidized phone service provider under scrutiny from Indiana regulators is laying off hundreds of salespeople across the country amid inquiries into its sales tactics.
WellPoint rolls out program with cost ceilings for procedures
Under so-called reference-based benefits, insured patients would have to pay the difference between procedure prices and maximums set by their employers. Several Indiana companies are considering using the tactic.
Indy Indians chasing bigger crowds, more money
The Indianapolis Indians are red hot again this year. Not only is the team leading its division with a 61-38 record, but it is also chasing a fifth straight year with an attendance gain and profits that could eclipse $1.6 million.
Heartland Film Fest grabs spotlight with $75K gift
The money from Clowes Charitable Foundation will be used to support year-round programming. October fest also benefits.
Whitsett set to launch $28M Lockerbie North project
The local developer plans to build 215 market-rate apartments and 9,000 square feet of retail space at the northwest corner of North College Avenue and East Michigan Street.