The Indianapolis Airport Authority, facing a $15 million budget shortfall on declining passenger and cargo traffic, plans to sell the former ATA Airlines Inc. headquarters and might raise parking fees. A memo prepared for tomorrow’s airport board meeting says Indianapolis-based Paul Kite Co. plans to buy the former ATA site at Girls School Road and […]
Federal stimulus money for Indiana highway projects so far has put to work 1,222 people with a payroll of $1.27 million,
according to state records of 42 projects under way in which contractors have reported job data. The work, ranging
from paving to replacing bridge decks, had a total contract value of $39.2 million.
It takes a map of the entire metro area to show all the projects the YMCA of Greater Indianapolis has on its drawing board.
The $30 million plan calls for building two brand-new facilities, one in Avon and one in Pike Township; expanding
the Fishers YMCA; and building a new outdoor pool in Lawrence.
The Indiana Minority Supplier Development Council has made life sciences companies its latest target—part of an even larger effort to attract minorities to the burgeoning life sciences industry under
way on a national scale.
As one of the city’s most prominent minority business owners, Bill Mays built his chemical distributorship largely on the backs of domestic automakers. In 1980,when he founded Mays Chemical Co. Inc., the Big Three accounted for nearly 75 percent of all new-car sales. But that number has dwindled to less than half of all new […]
U.S. employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5 percent, suggesting that the economy’s road to recovery will be bumpy. The Labor Department report, released today, showed that even as the recession shows some signs of easing, companies likely will want to keep a […]
U.S. employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5 percent, suggesting that the economy’s road to recovery will be bumpy. The Labor Department report, released today, showed that even as the recession shows some signs of easing, companies likely will want to keep a […]
Indianapolis Motor Speedway and Indy Racing League corporate partners are wondering what the future holds after Tony George suddenly vacated his roles as boss of both of those organizations yesterday. IMS and IRL officials were working the phones this morning to reach out to constituencies and allay fears about massive changes, said Speedway spokesman Fred […]
Indianapolis Motor Speedway and Indy Racing League corporate partners are wondering what the future holds after Tony George suddenly vacated his roles as boss of both of those organizations yesterday. IMS and IRL officials were working the phones this morning to reach out to constituencies and allay fears about massive changes, said Speedway spokesman Fred […]
When the market for single-family houses began to fall apart last fall, the prevailing wisdom was that the crash would be good for the owners of apartment complexes. But the recession is taking its toll on multi-family housing as well, putting the brakes on new developments and driving down prices of existing complexes. Projections at […]
Crews are to trying to determine the cause of a fire at a home under construction on Promise Road between 136th and 141st streets in Fishers. A neighbor noticed the flames just after 5 a.m. and called for help. The home was engulfed by the time firefighters arrived, and it’s being called a total loss. […]
Jobs created by the new manufacturing plant have been offset by losses elsewhere in the community, and related development
remains scarce. But local officials remain optimistic about Honda’s long-term impact.
The city has unveiled a dramatic plan for new housing and retail development to revitalize the old Market Square Arena site.
Despite some shortcomings, the project deserves a chance to give the stagnant area a boost.
This small town between Indianapolis and Cincinnati was hardly ailing when it landed the economic development prize of the decade-a new Honda plant. Back in June 2006, Decatur County’s unemployment rate was a healthy 4.2 percent, lower than the state’s as a whole. With Honda’s promise of 2,000 jobs by 2010, a boom seemed just […]
The city unveiled a dramatic plan to revitalize the old Market Square Arena area just two days before the Metropolitan Development Commission approved the deal June 3. That the public was given insufficient notice of the project is among a number of legitimate complaints about the proposed $65 million effort to redevelop the former Bank […]
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 […]
Construction of new homes in the United States jumped in May by the largest amount in three months, providing an encouraging sign that the nation’s deep housing recession was beginning to bottom out.The Commerce Department said today that construction of new homes and apartments jumped 17.2 percent last month to a seasonally adjusted annual rate […]
New neighborhood plopped in the middle of former cornfields are a disaster.
Indiana Treasurer Richard Mourdock’s failed quest to stop Chrysler’s bankruptcy proceedings will cost state taxpayers $2 million in legal fees, but he has no regrets about what some saw as a Quixotic effort. That sum is on top of the $5.6 million a road construction fund and pension funds for retired teachers and state troopers […]
There are nearly no innocent parties to the conspiracy that brought the Big Three low, from greedy executives to combative
labor unions to elderly uninformed stockholders.
