ITT lawyers are zeroing in on cleaning up the legal quagmire—and they’re starting to have success. Without admitting liability, ITT in November reached agreements to settle securities lawsuits in Indiana and New York for a total of $29.5 million, with $25 million to be paid from the company’s insurance coverage.
The flurry of activity comes after Gershman transitioned to second-generation leadership and ditched its traditional bread-and-butter retail projects in favor of more modern mixed-use development.
The Broad Ripple juicery plans to expand to downtown and open in the Marott Center while Lincoln Square Pancake House no longer will open at Millikan on Mass. Also, November passes without Giordano’s opening downtown.
Businesses along the State Road 37 corridor are forming a group to gather information about a proposed $124 million highway-redesign project and create a unified voice.
Traffic signal intersections along a portion of State Road 37 in Hamilton County could be converted into roundabout-overpasses under a $124 million proposal expected to be released Dec. 10.
A lawsuit filed by the Indiana Attorney General's Office alleges that Green Frog Restoration owners James Twaddle and Wanda VanWinkle received more than $280,000 from Indianapolis-area residents for work that they never completed.
The proposed $125,000 salary for incoming Mayor Joe Hogsett would still be less than the pay for mayors in Gary and Fort Wayne but more than the governor. The pay hike would be the first for the office since 2002.
If homes don’t have a high enough price tag, a municipality could end up losing money. That’s because, under the state’s property tax caps, lower assessed values might not generate enough tax to cover the cost of city services.
Eric Loughmiller said KAR Auction Services invests in the business and makes decisions aimed at building long-term shareholder value, a strategy that has helped swell the company's market value to more than $5 billion.
Dave Horan has helped NextGear Capital, the largest independent auto dealer inventory-finance company in North America, swell its loan portfolio by billions of dollars.
Columbus, Ohio-based Huntington National Bank has filed plans to construct a 3,180-square-foot brick building on the 2-acre property at 1215 S. Rangeline Road.
Officials in some Indiana cities with ordinances that provide protections for lesbian, gay, bisexual and transgender residents are concerned that a bill lawmakers will consider in the 2016 session could undermine their local authority.
In January, Kristin Eilenberg launched Lodestone Insights and has built up a team of 15 people feeding a searchable, sortable database of more than 4,100 conferences around the world.
City officials say they recognize the need to revitalize Allisonville Road, and the area is a priority as the city creates a framework for the future through its comprehensive plan, which looks as far ahead as 2040.
The receiver appointed to recover investor losses from an alleged Ponzi scheme said he’s retrieved in five months about 20 percent of what investors were owed, a figure experts say is relatively high at this stage for such cases.
