Officials grappling with a water utility deep in debt and a sewer infrastructure needing upwards of $2 billion in
upgrades were swamped with proposals about how to fix the mess.
Among 23 firms that have expressed interest in operating Indianapolis’ water and sewer systems is Macquarie, the Australian
firm that operates the Indiana Toll Road under a 75-year, $3.8 billion lease. In July, the city asked companies to express
interest in operating the systems.
Already swamped with higher debt costs due to a bond refinancing fiasco, the city’s Department of Waterworks is asking
the Indiana Utility Regulatory Commission to OK a rate hike to pay for capital projects.
Locally based Broadbent Co., one of the city’s biggest retail developers, has sued two of its banks, charging they’re
wrongly attempting to restrict its access to a $50 million credit line.
The U.S. House of Representatives is nearing a vote to push private lenders out of the federal college loan business—a
move that could cost Indiana hundreds of jobs.
Engineer Refaat "Ray" Kammel’s Anderson engineering firm has received a $2-million grant from the Indiana Department of Economic Development to start manufacturing a patented device that will help old trucks meet new federal emission standards.
Detailed results of a July poll of IBJ Daily readers on their sentiment on environmental issues.
Indy Partnership CEO Ron Gifford is traveling with Gov. Mitch Daniels and a delegation of Hoosier business and community
leaders on a trip to Asia through Sept. 16. Gifford is blogging about his experiences as he works to bring
new jobs and investment to the economic development group’s 10-county Indianapolis region. Bookmark this
page and check back for updates.
The Carmel Performing Arts Foundation has appointed its first independent board members, Rollin Dick and Rosemary Waters.
In downtown Indianapolis, two local artists will receive free studio space in the Stutz Building
for the next year.
Our many national concerns are manifest in the widespread transportation industry. The level of
economic activity determines the demand for transportation services and equipment.
The Humane Society of Indianapolis is shopping for donors to support construction of a $3 million spay/neuter clinic in the
Fountain Square area.
Despite recent investment by Major Health Partners, Shelbyville’s technology park is about as far from meeting state
standards as it was two years ago.
Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its rampant
crime, boarded-up homes and vacant lots. But as he’s constructed a slew of homes and carriage houses there, the local
builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.
Only one in 12 Hoosiers has an associate’s degree. That’s a big problem because nearly half of all jobs expected
to be offered in the next decade and beyond will be middle-skill jobs—which require at least some post-secondary credential,
like an associate’s degree, but not a four-year bachelor’s degree.
Rushville-based Omnicity Corp. said this morning that it plans to create 100 jobs there within the next three years by investing
$2.5 million in wireless infrastructure and a new corporate headquarters.
Rushville-based Omnicity Corp. said this morning that it plans to create 100 jobs there within the next three years by investing
$2.5 million in wireless infrastructure and a new corporate headquarters.
Therametric Technologies Inc., a developer of dental health technology, said today it will locate its headquarters and manufacturing
operations in Noblesville, and plans to create 40 jobs by 2013.
CONTRACTS
Emerald Group Inc. has been awarded the contract for the construction of a mixed-use development for Prudentia
Inc., in the Village of West Clay’s city center.
DINE Construction & Development Services has commenced the build out of an educational wing to the newly
completed Holy Trinity Greek Orthodox Church in Carmel, 106th Street and Shelborne Road.
The announcement that Steven Libman, former managing director of the La Jolla Playhouse in San Diego, is taking on the same job for the Carmel Performing Arts Center is a strong indication of the aspirations of the powers that be…
