South Dakota-based VeraSun Energy Corp. has asked a bankruptcy court for permission to sell most of its assets by March 31, including five plants to Valero Energy Corp. for $280 million, the company said last Friday. The agreement with Valero includes a key development site in the small Indiana city of Reynolds, and production facilities […]
The Capital Improvement Board’s $43 million in debts must be settled soon, or the entity may not be able to survive.
Stimulus talk continues to dominate discussion at the Indiana Statehouse, creating indecision for lawmakers who were supposed to be devoting their full attention to assembling a two-year budget under difficult economic circumstances.
The not-for-profit King Park Area Development Corp. is working on plans for a retail development at the vacant northeast corner of 22nd and Delaware streets.
State lawmakers formed the Capital Improvement Board in 1965 to oversee construction of the city’s convention center.
Creativity and transparency are required to fix the Capital Improvement Board’s financial woes.
Click here to learn more about the CIB’s bond troubles. The Indianapolis Capital Improvement Board revealed just days ago that it will cost nearly $50 million annually to get the organization’s books back into the black. Now, the question is whether professional sports teams or taxpayers will foot the bill-a debate that’s already raging behind […]
These are scary times for the Capital Improvement Board, the entity that owns the city’s major sports venues and the expanding, and increasingly vital, Indiana Convention Center. Saddled with the prospect of a $50 million shortfall in the next few years, CIB is scrambling for a plan to stay solvent. The temptation to lay blame […]
There’s so much red ink on the Indianapolis Capital Improvement Board’s books that accounting firm BKD LLP is evaluating whether it can continue as a “going concern.” That’s the bean counters’ term for making a professional judgment about CIB’s ability to keep operating, or if instead it must go out of business and liquidate its […]
Just about every community within 50 miles of Indianapolis has made one pitch or another to attract the Indianapolis Colts’ annual pre-season training camp. The three-week camp brings hundreds of players and coaches…
The Nature Conservancy is finalizing plans for its new $4.4-million headquarters at 620 E. Ohio St. downtown. The not-for-profit group is planning a two-story, 20,000-square-foot…
Police continue to investigate a deadly crash on Interstate 69 yesterday that involved more than 30 vehicles and killed three people. The chain reaction started after a fire truck was hit by a passing car. Investigators say yesterday’s snow was an obvious factor, and some drivers were going too fast for the conditions. Two of […]
Check out this rendering of plans for the vacant northeast corner of 22nd and Delaware streets. The two-story project would be built to…
The recession, coupled with personnel shifts, have grounded the more than $50-million hotel project adjacent to the new terminal.
A Texas developer of retirement communities has targeted Carmel for a style of assisted living new to the Indianapolis area that offers on-site health care for the unusual arrangement of a fi xed monthly fee.
This week, an ogre’s beloved, a troubled and troubling mother, and a cad’s catch highlight a sampling of the current Broadway
season.
This week, an ogre’s beloved, a troubled and troubling mother, and a cad’s catch highlight a sampling of the current Broadway season. Yes, the stories you’ve heard are true. The lights have gone out on much of Broadway. With a long list of shows shutting down, the pickings are slimmer for anyone who goes to […]
Plans for a 250-room hotel connected to the new Indianapolis International Airport terminal are in the deep freeze as the lodging industry contends with vacancies at a 20-year high. Just when the project might be revived is difficult to say. One thing is certain; the hotel won’t be open in 2009 as planned-and 2010 is […]
This week, an ogre’s beloved, a troubled and troubling mother, and a cad’s catch highlight a sampling of the current Broadway season. Yes, the stories you’ve heard are true. The lights have gone out on much of Broadway. With a long list of shows shutting down, the pickings are slimmer for anyone who goes to […]
Orthopedic implant maker Zimmer Holdings Inc. today said its fourth-quarter profit dropped 37 percent due to slowing sales and the cost of buying Abbott Spine. Warsaw-based Zimmer said its profit decreased to $167.5 million, or 75 cents per share, from $263.8 million, or $1.12 per share, in the prior-year period. Revenue fell 4 percent to […]
