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Developers propose $324M in apartment developments in Carmel

April 15, 2022 | Daniel Bradley

Four apartment-dominated development projects totaling $324 million are in the works for Carmel’s central core. The projects include more than 1,600 parking spaces, for-sale condo units and new headquarters for two companies.

U.S. businesses get hit with record numbers of disability lawsuits

April 17, 2022 | The Washington Post

Associations and business owners say serial plaintiffs filing dozens or hundreds of cases are increasingly using the 1990 Americans with Disabilities Act to extract tens of thousands of dollars in settlements—and not to promote access as the landmark law intended.

Indy-based Acacia Pharma being acquired by New Jersey firm; fate of local operations unknown

April 18, 2022 | John Russell

Acacia Pharma Group employees are waiting to see what will happen to their jobs and whether the company will remain in Indianapolis in any form, now that it is being acquired by New Jersey-based specialty drugmaker Eagle Pharmaceuticals Inc. for $103.9 million.

Immigration court coming to Indianapolis in 2023, DOJ says

April 19, 2022 | Jordan Morey, Indiana Lawyer

Currently, immigration cases from Indiana are sent to the Chicago Immigration Court in Illinois. The new court will serve the state of Indiana and have about 40 employees, the U.S. Department of Justice confirmed.

Biden launches $6B effort to save distressed nuclear plants

April 19, 2022 | Associated Press

Owners or operators of nuclear power reactors that are expected to shut down for economic reasons can apply for funding to avoid closing prematurely. The first round of awards will prioritize reactors that have already announced plans to close.

Eight Indiana districts seek referendums in May election

April 19, 2022 | Aleksandra Appleton, Chalkbeat Indiana

Indiana saw more referendums than ever right before the pandemic. Now, schools face an uncertain economy and ballot language that might cause sticker shock.

Cummins to spin off filtration business into separate public company

April 21, 2022 | Susan Orr

Columbus-based Cummins has confidentially filed paperwork with the Securities and Exchange Commission for an initial public offering for its filtration business. Cummins announced last summer that it was looking at “strategic alternatives” for the business.

Rahal HQ spurs interest in Zionsville biz park

April 22, 2022 | Daniel Bradley

Construction on the $20 million Rahal Letterman Lanigan Racing team headquarters in Creekside Corporate Park in Zionsville is still a couple of months away from completion.

Warehouse growth heads south to Franklin

April 22, 2022 | Mickey Shuey

More warehouses and distribution centers have begun popping up near the Interstate 65 exit in Franklin, as central Indiana’s industrial boom continues to fan farther out from Indianapolis.

Reports: Twitter in talks with Musk over acquisition bid

April 25, 2022 | Associated Press

Tesla CEO Elon Musk said last week that he had lined up $46.5 billion in financing to buy Twitter, putting pressure on the company’s board to negotiate a deal.

White House: Without funding, U.S. will lose out on COVID treatments

April 26, 2022 | Associated Press

Officials are expressing increasing alarm that the U.S. is also losing out on critical opportunities to secure booster doses and new antiviral pills that could help the country maintain its reemerging sense of normalcy.

Citizens Energy Group proposes acquisition of Ben Davis Conservancy District

April 27, 2022 | Leslie Bonilla Muñiz

Citizens Energy Group announced Wednesday that it wants to acquire a small, little-known political subdivision in Marion County that was months away from starting construction of its own wastewater treatment plant to avoid Citizens’ rate hikes.

FDA issues plan to ban menthol in cigarettes, cigars

April 28, 2022 | Associated Press

The Food and Drug Administration said eliminating menthol cigarettes could prevent between 300,000 and 650,000 smoking deaths over 40 years.

City-County Council to consider nearly tripling its base pay

April 29, 2022 | Leslie Bonilla Muñiz

A new proposal from the council’s Democratic leadership would push annual base pay for the city’s 25 part-time councilors to $31,075 from just $11,400 and represents the council’s third attempt at a pay raise in seven years.

Herb Simon-backed group proposes $250M two-tower project across from fieldhouse

April 29, 2022 | Mickey Shuey

The proposed downtown development at 230 S. Pennsylvania St. calls for the demolition of a century-old building and the construction of two high rises, including a 26-story apartment tower.

Hundreds of urban areas to become rural under new criteria

May 1, 2022 | Associated Press

Under the new Census Bureau criteria, more than 1,300 small cities, towns and villages designated urban a decade ago would be considered rural. That matters because urban and rural areas qualify for different types of federal funding.

Perry Township voters extend school tax hike; Franklin Township voters say no to increase

May 3, 2022 | IBJ Staff

With about 83 percent of Marion County vote centers reporting, 60% of Perry Township voters favored an extension of a property tax increase they first approved in 2015.

ELECTION BLOG: District 32 race too close to call | Hunley, Houchin win; Rep. John Young defeated

May 3, 2022 | Leslie Bonilla Muñiz and Emily Ketterer and Daniel Bradley

A five-way battle for the Democratic nomination for a new state Senate seat in Indianapolis drew some voters to the polls.

Developer planning $40 million in apartment projects near Southport

May 4, 2022 | Mickey Shuey

The plan by Homestead Development consists of two components. The first would be a single apartment building for individuals age 55 or older. The other would be an eight-building complex containing market-rate apartments.

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