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Aviv Arlon Global Ltd. pays $52 million for shopping center, which was in court-appointed receivership. Former real estate firm Premier
Properties USA Inc. developed Metropolis, with an investment of $160 million.
The economic impact of the MotorGP weekend is almost 20 percent of the entire Indiana Pacers season and more than 10 percent
of the Indianapolis Colts season. Not bad for an event the city puts almost nothing into. And it could be so much more.
Indianapolis’ Department of Public Works Board and its City-County Council Rules and Public Policy Committee both will meet
on Monday to consider the long-term deal. It would need approval from the City-County Council before taking effect.
A Monday morning announcement from Alden Global Capital puts CEO Jeff Smulyan’s efforts to take Emmis private in real jeopardy.
His attempts to sway preferred shareholders already have failed five times.
The new engineering lab and a smaller utility building will help consolidate all of Delphi’s 1,400 employees in Kokomo.
A businessman seeking to buy General Motors Co.'s Indianapolis metal-stamping plant met with workers Sunday at Lucas Oil
Stadium to urge them to accept pay cuts allowing the sale.
A total of 136,184 spectators attended the three days of action at Indianapolis Motor Speedway.
The death of a 13-year-old motorcycle rider at Indianapolis Motor Speedway cast a shadow over Sunday’s races at the historic
track and prompted mourning competitors to defend the development system for the dangerous circuit.
The Indiana Department of Environmental Management’s top attorney asked agency staff to change how they cite companies for
violating the state’s water pollution law.
Shortly after this year’s first Indianapolis MotoGP practice started Friday, Indianapolis Motor Speedway CEO Jeff Belskus
said the
two sides had agreed to a one-year contract extension that will bring the event back for a fourth year in 2011.
Local media company still discussing deal with dissident shareholders, who refused to vote Friday evening. A new date for
another shareholders meeting is to be announced
Monday.
Daniels has publicly railed against the newly approved $26 billion stimulus package, but his office said Friday that applications
had been submitted for about $200 million toward Medicaid and about $200 million for education.
A shooting on the city’s south side has put a 5-year-old boy in the hospital in critical condition. The boy was shot
in the head Thursday night just before 9 p.m. in the 1500 block of Lawton Avenue. Police arrested a man near the scene who
was covered in blood as he was handcuffed.
The Indianapolis Public Schools board voted Thursday night 5-2 to approve a $509 million budget for next school year. The
budget is about 4.5 percent larger than last year’s budget. More than $70 million is slated for capital improvement
projects, such as repairs and upgrades to current IPS buildings.
Homicide detectives are searching for suspects in an apparent shooting that left a couple in their 30s dead on the west side
of Indianapolis. The victims were found by a friend about 10:40 p.m. Thursday in their home at the corner of 31st and Harding
streets. Family members at the scene said the man and woman had a 3-year-old daughter and were engaged to be married. The
sister of the male victim said police told her 18 gunshots had been fired in the home and there had been forced entry. Fox59
will have more at 4 p.m.
First-of-its-kind event in Indianapolis showcases what’s known as the slow food movement, which promotes the benefits of producing
plants, seeds and livestock for local consumption.
The 25,000-square-foot mansion once owned by Conseco Inc. founder Stephen Hilbert was listed five years
ago at $20 million—and
about half that in recent months. Now the property is being sold in a sealed-bid auction, and offers are due Friday.
This may be a golden opportunity for small-business owners to lock in a low rate to finance expansion. But make sure you understand
the loan agreement.
