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Articles
Durham’s Geist mansion goes back to the bank at auction
Lender JPMorgan Chase & Co. took possession of convicted Ponzi schemer Tim Durham’s Geist mansion Thursday after the property failed to draw an offer higher than the bank’s base bid of $2.24 million.
No-holds-barred tactics lifted developer Ozdemir
Ersal Ozdemir, who heads the development and construction firm Keystone Group, has charmed elected officials for years with big ideas—and hundreds of thousands of dollars in political contributions.
Palladium construction lawsuits costing panel millions
The cash-strapped Carmel Redevelopment Commission has spent more than $6 million since 2009 “responding to, defending and settling” legal claims from contractors involved in construction of the city’s Palladium concert hall.
Technology Power Breakfast transcript
Indianapolis Business Journal gathered tech leaders for a Technology Power Breakfast panel discussion March 14. The panel talked about topics ranging from ExactTarget to mentors to raising capital.
City to consider $7.7M bond issue to assist Broad Ripple project
Browning Investments Inc. says that it is seeking $5.7 million from the bond issue to help finance Canal Pointe, its controversial $30 million apartments-and-retail project.
Legislative recap: ‘Short’ session a busy one after all
The latest Indiana General Assembly, which wrapped up a “short” session March 14, tackled a rather lengthy list of bills. We look at how some notable proposals fared.
Undertaker mayor says Connersville will cheat death
The mayor of Connersville declared a financial emergency three months into budget year.The culprit is the loss of a single employer, Visteon Corp., which closed an auto-parts plant in 2008, throwing 900 people out of work.
U.S. student-loan debt adds to growing wealth gap
Roughly 37 million people in the U.S. are saddled with $1 trillion in student debt, a factor contributing to the widening of the gap between rich and everyone else in the country.
Where do hospital profits go?
When patients at Indianapolis-area hospitals pay their bills, they're not just funding their own health care. They're contributing to the care of Hoosiers in the rest of the state, too, especially care provided by hospital-employed physicians.
Public-private plan for I-69 work proves divisive
A plan to finance the cost of a section of the new Interstate 69 connection between Indianapolis and Evansville is drawing both praise and ire.
Transit advocates step up push to sway policymakers
A grass-roots effort to salvage daily train service from Indianapolis to Chicago is solidifying into year-round advocacy for passenger rail in Indiana.
MORTON: Indy’s road to Oz will end soon for sports team owners
The seemingly endless yellow brick road to Oz, or what residents of central Indiana have come to accept as privately owned professional sports franchises seeking financial sustenance to build and upgrade, is nearing a tipping point of practical expenditures.
Negative ads shake up 2014 GOP primary battles
What has otherwise been a fairly sleepy primary cycle suddenly started to wake up in the past week, when negative ads from an otherwise soft-spoken veteran lawmaker hit the airwaves in Indianapolis.
Carmel could tap emergency fund for road repairs
Carmel Mayor Jim Brainard wants to take $1.5 million from the city’s Rainy Day Fund to fix streets damaged by the unusually harsh winter. Plus: Council OKs revised arts grants.
