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Articles
City revamping management of parking operations
The city of Indianapolis is seeking to consolidate management of its parking operations into a single, long-term lease that
could net it tens of millions of dollars to make street and sidewalk repairs. City leaders are expected to release a request
for proposals “soon.”Forty Under 40: Recipients
Current and past recipients of IBJ‘s annual Forty Under 40 recognition.
Official: Promised rate reduction key in $1.9B city water, sewer deal
Cost savings from combining three utilities helped give Citizens Energy Group an advantage in the deal to take over Indianapolis’
water and sewer operations, said Michael Huber, the city’s director of enterprise development.LOU’S VIEWS: Dog days at Clowes with national tour of ‘Dalmatians’ musical
This week, canines at Clowes, sisters in the suburbs, pals searching for Paul, and the Cabaret’s new digs at the Columbia
Club.Citizens says buying water, sewer systems won’t harm bond rating
Citizens Energy Group’s plan to buy the city’s water and sewer systems will require the utility to raise $262 million in new
bond debt and inherit $1.5 billion in debt. Yet Citizens executives maintain the financial load should not impair the bond
ratings of its principal utilities, Citizens Gas and Citizens Thermal.Brizzi’s lease deals benefited friend, donor
Records show Marion County Prosecutor Carl Brizzi directed lucrative work for the Prosecutor’s Office to his friend, business
partner and political contributor John Bales.Two of Ballard’s top administrators step down
Deputy mayor, city Bond Bank director resign to take jobs in the private sector.
Retired Junior Achievement exec files defamation suit
Former Junior Achievement CEO Jeff Miller says Mayor Greg Ballard was about to hire him as a senior policy adviser, but comments
by Central Indiana Community Foundation President Brian Payne and current CEO Jennifer Burk ruined the offer.City utility deal treads in murky waters
A $1.9 billion proposal to sell the city’s water and sewer utilities splashed into public view last month, but some
financial details settling at the bottom line could make the deal harder to swallow.Ballard mimics Major Moves infrastructure-improvement plan
So far, in discussing his plan to sell the city’s water and sewer utilities, Mayor Greg Ballard has
emphasized the impact on utility rates, the $1.5 billion in city debt Citizens would assume, and the chance
to improve streets and sidewalks. But Ballard also has another key objective: business attraction and
expansion.City approval of Citizens Energy deal could come in May
Citizens Energy should have completed the majority of its due diligence of the city’s water and sewer utilities, which
it plans to acquire, by the end of this month.GM in talks to sell Indianapolis stamping plant
City and union officials say General Motors has found a potential buyer for an Indianapolis stamping plant that it has planned
to shut down: JD Norman Industries of suburban Chicago.Sale of GM plant could come as soon as June
UAW official says General Motors and prospective buyer are working on a “real aggressive” schedule to have the acquisition
completed by the end of June.Veolia concessions worry regulators
Testimony filed in Indianapolis Water Co.’s rate case shows the city in 2007 agreed to take on millions of dollars in costs
from the private firm it hired to operate the utility, including $48 million in retiree medical plan obligations.Arts Council hopes move, emphasis on donors will help with finances
The Arts Council of Indianapolis soon will move its office from Monument Circle to a smaller space on Pennsylvania
Street with an adjacent gallery. The move is symbolic of the council’s ongoing reinvention, as well as the financial
reality driving that effort.City not ready to privatize Capital Improvement Board
Mayor Greg Ballard has put privatization of Indianapolis’ stadium and convention center management on indefinite hold.
Circle Centre vies to keep anchor stores
Deals for both Nordstrom and Carson Pirie Scott are up for renewal in the coming months.
Buckingham thinks big with plans for downtown development
Will the latest ambitious downtown development proposal finally master the formula for transforming a downtown surface parking
lot?