The federal government is hoping the third time’s the charm for a new FBI field office in Indianapolis. The U.S. General Services Administration said today it has awarded the deal to Ohio-based Fedcar Company Ltd., which plans to build a $39.8-million campus on 14 acres near Interstate 465 and Allisonville Road in Castleton. The deal […]
The Federal Reserve today rolled out a much-awaited program aimed at boosting the availability of credit to consumers and small businesses. The Fed will lend up to $200 billion to spur consumer lending – for autos, education, credit cards and other consumer debt. The money will be used to provide financing to investors to buy […]
Carmel Mayor Jim Brainard defended himself yesterday in a meeting with council members about the costs of the Keystone Avenue project. The state originally provided $90 million for the construction of multiple roundabouts on Keystone. The cost has increased to $130 million. Brainard says the initial cost was an estimate, but some council members say […]
A central Indiana county is demanding that Chrysler LLC return $5.5 million in county-issued bonds and repay at least $4.5 million it set aside for a sprawling transmission plant that a Chrysler supplier stopped building last year. Tipton County’s commissioners said yesterday in a statement prepared by an Indianapolis law firm that Chrysler sent them […]
Ora Hirsch Pescovitz, CEO of Riley Hospital for Children and executive associate dean for research affairs at the Indiana University School of Medicine, has accepted the top leadership position at the University of Michigan Health System. Pescovitz, 52, has been named executive vice president for medical affairs at the university and CEO of the U-M […]
State officials are drafting plans to spend nearly $122 million in federal stimulus money to clean up Indiana’s aging, overflow-prone sewers and upgrade its drinking water systems. Although federal agencies are still fine-tuning details of how the nation’s $787 billion stimulus package can be spent, Friday was the first deadline for communities seeking money set […]
In a move to delay construction of expensive new generating capacity, Indianapolis Power & Light wants to roll out “smart”
electric meters to help customers conserve electricity.
Raising Indianapolis’ tax on hotel rooms — already one of the highest rates in the nation — could be the tipping
point that causes conventioneers to bypass Indianapolis, some industry experts say.
As job losses accelerate in the worst recession in a generation, it’s becoming tougher and tougher for even well-educated,
experienced professionals to find work �¢?? or at least to find a job in the area and at the pay they want.
The Art Institute of Indianapolis is expanding its presence at the Pyramids with the addition of offices, classrooms, specialty labs and a lounge for its growing student population.
In a move to delay construction of expensive new generating capacity, Indianapolis Power & Light wants to roll out “smart” electric meters to help customers conserve electricity. The meters would allow for time-of-use electricity pricing that rewards customers with lower rates when they use appliances during off-peak periods. IPL’s so-called demand-side management plan pending before […]
The most up-to-date report about white-collar job losses in Indianapolis comes every Monday at dawn in the parking lot at St. Luke’s United Methodist Church. The number of cars that pull in to attend the weekly gatherings of the Business and Professional Exchange has more than doubled in the last two months. Inside, men and […]
Raising Indianapolis’ tax on hotel rooms-already one of the highest rates in the nation-could be the tipping point that causes conventioneers to bypass Indianapolis, some industry experts say. Marion County hotels already pay 16 percent in sales taxes-the 9-percent innkeeper’s tax, plus the 7-percent state sales tax. An increase in the innkeeper’s tax would push […]
Tract house builder C.P. Morgan officially bites the dust today. Which raises plenty of questions:
–Has anyone else been more influential in the type of housing stock built in the Indianapolis area in the
past decade than Chuck Morgan?…
C.P. Morgan Communities, the most prolific builder in the Indianapolis area for a decade, plans to shut down for good tomorrow, another victim of the worst housing slump in a generation. “This is one of the most difficult decisions I’ve ever had to make,” owner Charles P. Morgan said in a statement. “With home prices […]
C.P. Morgan Communities, the most prolific builder in the Indianapolis area for a decade, plans to shut down for good Feb. 27, another victim of the worst housing slump in a generation. “This is one of the most difficult decisions I’ve ever had to make,” owner Charles P. Morgan said in a statement. “With home […]
Mount Vernon-based SABIC Innovative Plastics said yesterday it plans to lay off as many as 125 workers next month as part of a series of cost-cutting measures. The measures include reducing executive salaries, freezing salaried employees’ pay and reducing the company’s 401(k) match. The plant, which employs about 1,200 workers in the southern Indiana community, […]
The city’s Metropolitan Development Commission voted unanimously, 8 to 0, last week to allow a crematorium to be built near the corner of Allisonville Road and 82nd Street. Harry W. Moore Funeral Care will now go ahead with plans to build the one-story, 1,600-square-foot crematory, said David L. Ring, who owns the funeral home. The […]
A prominent 11-acre site near I-465 and U.S. 31 in Carmel is now on the market for $16.7 million, a price that equates to around $1.5 million an acre. Listing agent Michael B. Drew of Colliers Turley Martin Tucker said the prime piece of property near the intersection of 96th Street and U.S. 31 could […]
The nation’s deepening recession has boosted business at Indiana’s pawn shops as people shed possessions – particularly electronics – for cash to pay bills. At Ace Pawn Shop in Bloomington, manager Chris Banul said business is up and he’s seeing more high-end items brought to the shop for collateral, or sold outright, as the economy […]
