The Indianapolis Airport Authority board is set to vote tomorrow on a plan to lease 209.5 acres now used as a bat conservancy to Hendricks County Parks and Recreation as a public nature park. The proposed Sodalis Nature Park is west of County Road 975 East, between County Road 750 South and County Road 800 […]
Indianapolis Executive Airport in Zionsville will reopen its main runway Saturday after a $4.3 million resurfacing project paid for with federal stimulus funds, the airport announced today. It’s the first U.S. airport to benefit from stimulus money, said officials from Montgomery Aviation, which runs the airport. Resurfacing of the 5,300-foot runway resulted in a 45-day […]
Indianapolis Executive Airport in Zionsville will reopen its main runway Saturday after a $4.3 million resurfacing project paid for with federal stimulus funds, the airport announced today. It’s the first U.S. airport to benefit from stimulus money, said officials from Montgomery Aviation, which runs the airport. Resurfacing of the 5,300-foot runway resulted in a 45-day […]
Indianapolis International Airport, already suffering from a 10-percent drop in passenger traffic and a projected $15 million
revenue shortfall this year, is also feeling financial drag from its single most important tenant. FedEx Express cargo shipments,
which amount to about half of the $25 million in airfield fees generated at the airport, fell
16 percent in the first three months of this year vs. the same period last year.
Indianapolis International Airport, already suffering from a 10-percent drop in passenger traffic and a projected $15 million revenue shortfall this year, is also feeling financial drag from its single most important tenant. FedEx Express cargo shipments, which amount to about half of the $25 million in airfield fees generated at the airport, fell 16 percent […]
The Blue Angels flew into Indianapolis this morning. The Navy’s world-famous stunt pilots are in town for a weekend performance at the Indianapolis Air Show, which begins tomorrow at the Mount Comfort Airport and runs through Sunday.
Indianapolis International Airport officials are facing a budget shortfall because of fewer flights at the same time they have higher costs from the new terminal that opened last year. Officials expect revenue to be $15 million less than planned this year but that the airport has enough cash reserves to cover the shortfall. Flight traffic […]
Indianapolis Mayor Greg Ballard approved two new charter schools this morning, bucking calls by some to halt expansion of the taxpayer-funded schools. The new schools are the Indiana Aerospace Junior-Senior High School and the Paramount School of Excellence. In addition, Ballard assumed oversight of the Irvington Community School, an Indianapolis charter school that had previously […]
Some industry insiders worry that, while Indianapolis is busy chasing bigger conventions, adjoining counties may raid the cupboard made plentiful by investments within Marion County, particularly downtown.
Indianapolis has built a tidy book of business in the convention trade. Confabs ranging from the National FFA to Gen Con generated nearly 22 million visitors and $3.5 billion in spending in 2006 alone, according to D.K. Shifflet & Associates and Global Insight. With a new airport terminal and Lucas Oil Stadium up and running, […]
Express Scripts Inc. has cleared an
antitrust review for its planned purchase of Indianapolis-based WellPoint
Inc.’s pharmacy benefits management business, bringing the $4.7 billion deal
closer to completion.
Indianapolis-based BioStorage Technologies Inc. announced today that it plans to create 125 jobs by 2012 and invest more than $6.1 million to expand operations. BioStorage Technologies provides long-term cold storage for advanced biomaterials used in drug development. The company, co-founded in 2002 by CEO F. John Mills, currently has 80 employees. The investment will be […]
A panel of five veterans of real estate and construction provided industry insights at IBJ‘s Power Breakfast May
1 at the Westin Indianapolis.
Cripe Architects and Engineers has been named lead consultant on a $2 million project to beautify five Interstate 70 interchanges.
Why are we so addicted to being “connected?” The cell phone, the BlackBerry, the television, all have “power off” buttons, but maybe that’s itâ??when we turn the power off, does the sense of being disconnected makes us feel less powerful?
A panel of five veterans of real estate and construction provided industry insights at IBJ’s Power Breakfast May 1 at the Westin Indianapolis. The panelists were: Mary Beth Kohart, a principal and vice president in the local office of Colliers Turley Martin Tucker; Danny Marr, a partner and principal broker for Veritas Realty; Andrew Morris, […]
Normal 0 false false false MicrosoftInternetExplorer4 A property tax appeals board granted the city of Gary and four of its sister government units $23.5 million in budget relief from new state property tax caps yesterday. But the decision by the Distressed Unit Appeals Board still means the city, its sanitary and storm water districts, its […]
Some of Indianapolis’ main entrances from Interstate 70 are in line for a $2 million makeover.
Iran is a magnificent and historically important country. It contains nine World Historical Sites as designated by UNESCO. Only 20 countriesâ??including Greece, China and Italyâ??have more.
A group of eighth grade girls from a local charter school spent all day Friday learning about real estate and developing plans for reuse of…
