A community development corporation linked to the city of Indianapolis has bought the 1.87-acre parking lot that borders the former Market Square Arena site, a move that some say could be the catalyst to finally redeveloping the entire vacant site.
Local TV news operations have built temporary studios downtown, budgeted thousands for overtime, assigned special Super Bowl beats to field reporters, and will broadcast hours of extra news coverage between now and Feb. 6, the day after Super Bowl XLVI.
ProClad Inc. founder Brad Hitzfield invested in a 30-year business veteran to help him remake his
specialty construction firm when profits couldn’t keep pace with revenue.
Mary Solada, a long-time real estate attorney, will lead the local office of the firm that resulted from a recent merger.
An apartment building spree downtown is getting fresh fuel with an $85 million mixed-use development that will be anchored by a Marsh grocery.
Over the past few months, we’ve fallen in love with a charming city just a few miles north of our Indianapolis home.
Stan was 97 when he passed. His name long ago slipped from the newspapers and local broadcasts. His monument was the Indianapolis Tennis Center.
Ener1 Inc., which received a $118 million U.S. Energy Department grant to make electric-car batteries, filed for Chapter 11 bankruptcy protection Thursday after defaulting on bond debt amid heavy competition from Asia.
While the end game sought by House Democrats was elusive as they tried to halt the right-to-work bill advocated by all but a handful of House Republicans, the Jan. 25 passage of the legislation in the House doesn’t necessarily offer new certainty.
As Indianapolis welcomes the world for Super Bowl XLVI, I find myself thinking back to Feb. 4, 2007, when the Colts beat the Chicago Bears to win Super Bowl XLI.
WellPoint Inc.'s stock price dropped almost 5 percent Wednesday after the insurer's fourth-quarter earnings failed to meet analyst expectations.
Evansville-based Old National will absorb 20 Indiana Community branches, including three on the southern edge of Indianapolis. Indiana Community Bank & Trust has nearly $985 million in assets.
A social media command center will monitor the digital fan conversation via Facebook, Twitter and other platforms, and respond to visitors who need assistance.
A local developer plans to build a Marsh grocery store and hundreds of apartments in an $85 million project that would replace a block and a half of surface parking lots in the northwest quadrant of downtown.
NFL officials on Monday said they plan to expand Lucas Oil Stadium’s capacity to 68,000 during the Feb. 5 event in Indianapolis. Capacity for Colts games is typically 63,000.
The average price for Super Bowl tickets sold on NFL Ticket Exchange so far is $4,183, slightly more than last year’s championship game between the Green Bay Packers and Pittsburgh Steelers, when sales averaged $4,140.
Subah Packer, a physiology professor at the Indiana University School of Medicine, filed a scathing gender discrimination lawsuit in federal court in Indianapolis this month, accusing the school of paying her less than what male counterparts with less experience earn, even after she attained tenure at the academic medical center. Packer, 57, wants IU to compensate her for loss of past and future income, and pay her attorney's fees. She has worked for IU since 1986 and has been a tenured associate professor of clinical and integrative physiology since 2001. Since then, Packer alleges, her department has hired five less-experienced professors, all male, and paid four of them substantially more than Packer. Her complaint lists her salary as $74,600, compared with starting salaries of roughly $92,000 for three of the newer hires, as well as $82,000 and $72,000 for the other two. Packer also alleges that her salary is below the median of the Physiology Department, which includes 19 full-time professors, even though her teaching load was greater and she had less lab space for conducting research. Mary Hardin, a spokeswoman for the IU medical school, said the school would not comment on the lawsuit. Packer could not be reached for comment.
The city of Indianapolis rescinded a tax abatement last week given in 2007 to Polymer Technology Systems Inc., a small locally based maker of handheld blood monitors. PTS, founded in 1992 by a former Roche Diagnostics Corp. employee, said it would make a $3 million investment at its operation on Zionsville Road and create 110 jobs by 2010, but fell short of its goal. The company has made $2.1 million in investments and currently has only about 70 employees, less than the 80 it had when it received the abatement four years ago, according to the city. PTS chose to terminate the deal rather than renegotiate with the city. PTS makes CardioChek, a handheld meter that measures levels of cholesterol, glucose, triglycerides and other key health indicators from a drop of blood.
Researchers at Indiana State University discovered a new compound that could help boost patients' immune systems without causing unwanted side effects. Biology professor Swapan Ghosh and a team of chemistry professors and graduate students have now patented their chemically modified version of phytol, which is a component of the chlorophyll found in vegetables. Terre Haute-based Indiana State will market the compound to drug companies, which might want to pair it with a drug or vaccine in order to boost effectiveness in patients. Many drugs and vaccines rely on adjuvants like the one Ghosh’s team discovered, but they often have side effects. One of the most widely used adjuvants, alum, has recently come under attack as a possible cause for brain disorders.
Indianapolis-area homeowners are looking to cash in by opening up their homes to visitors for daily prices ranging from about $700 to $9,000, but demand may not come until participants in the big game are settled.
