Group reconsiders demo request
The Salvation Army is rethinking a request to demolish an historic home it owns next to its headquarters at Michigan and Alabama streets. The not-for-profit…
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Central Indiana home sales continue slide-WEB ONLY
Central Indiana home sales plunged nearly 16 percent last month, compared with a year earlier, according to a report released yesterday by Landrigan & Co., an Indianapolis residential real estate firm. Landrigan said January sales in 13 area counties, including Marion, totaled 1,177, down from 1,395 in the same month last year. The average sales […]
Central Indiana home sales continue slide-WEB ONLY
Central Indiana home sales plunged nearly 16 percent last month, compared with a year earlier, according to a report released yesterday by Landrigan & Co., an Indianapolis residential real estate firm. Landrigan said January sales in 13 area counties, including Marion, totaled 1,177, down from 1,395 in the same month last year. The average sales […]
Political fight snares bill to repair jobless fund-WEB ONLY
Political fighting in the Indiana House has delayed at least temporarily a vote on a bill to help fix the state’s depleted unemployment insurance fund. The bill would raise taxes on employers to help balance the fund, which currently pays out millions of dollars more than it collects while relying on federal loans to issue […]
LOU’S VIEWS: Hahn for the record books
This week, emptying the notebook on recent work at the ISO, the Phoenix and the IRT.
Indians concerned about possible ticket tax
Some local officials wrestling with the Capital Improvement Board’s $37 million deficit think part of the profit made by the Indianapolis Indians could be used to narrow that deficit, but Indian officials balk at that idea because they say they’ve already paid more than their share.
A showy millionaire faces spate of lawsuits
A recent spate of lawsuits, filed by a who’s who of Indianapolis businessmen, exposes cracks in Tim Durham’s veneer of opulence.
Indianapolis’ sewer project will be the city’s biggest public works undertaking since the interstate highway system
City engineers and consultants are fine-tuning plans to build a colossal tunnel to temporarily store water and raw sewage that now shoots into local waterways during rain storms.
Advanced energy next focus for economic development
The Central Indiana Corporate Partnership—the parent of the BioCrossroads, TechPoint and Conexus industry cluster initiatives—let it be known last month that there would be a fourth leg to its economic development stool: clean technology.
Jefferson Plaza renovation approaches end
The Jefferson Plaza renovation, which has been renamed Allen Plaza after its developer, will include restaurants, office space, condos, and is also working to achieve LEED environmental certification.
RECORDS
|R ECOR DS| ANNOUNCEMENT Riser Retail Group, specializing in selling retail shopping centers, has launched “10 Cap Props,” a division marketing properties with CAP Rates 10% and higher. Contact 280 E. 96th St., Suite 225; phone: 844-0700; fax: 844-0701; [email protected]; www.riserretailgroup.com. BANKRUPTCIES Medical Savings Investment Inc., 5835 W. 74th St., 46278. Chapter 7 liquidation. Assets: […]
CIB could ask for $34 million in write-offs from Circle Centre investors to ease deficit
A group of mostly local companies that made big investments to help launch Circle Centre mall soon could be asked to write
off a portion of profits they agreed to redirect into the construction of Conseco Fieldhouse.Finding bright spots amid wave of bad Indy sports news
So much sad, bad, disturbing sports news. Time to look on the brighter side.
Are we victims of ‘group think’?
“Group think,” a powerful and controlling force, was present as the Capital Improvement Board built Lucas Oil Stadium and Eli Lilly and Co. developed and marketed Zyprexa.
Indiana Economic Development Corp. hires executive VP
The Indiana Economic Development Corp. has a new second-in-command—attorney and land developer Chad Pittman.
Local contractors looking to sewer project to fill gap left by stadium, terminal
Local contractors will be ready to pounce when bidding on the first parts of the combined overflow project begins in 2011.
State thinking clean-WEB ONLY
The Central Indiana Corporate Partnership-the parent of the BioCrossroads, TechPoint and Conexus industry cluster initiatives-let it be known last month that there would be a fourth leg to its economic development stool: clean technology. The new initiative is known to insiders as the Indiana Energy Systems Network and has been under the reins of Paul […]
Mall backers may take hit-WEB ONLY
A group of mostly local companies that made big investments to help launch Circle Centre mall soon could be asked to write off a portion of profits they agreed to redirect into the construction of Conseco Fieldhouse. The Capital Improvement Board has floated the possibility of asking the 13 investors-including Conseco, American United Life, Duke […]
Indians pull own weight-WEB ONLY
The Indianapolis Indians are a financial all-star. Not only does the AAA minor-league baseball franchise bring 600,000 people downtown each spring and summer, the team is profitable-it scored $1.23 million last year. Some local officials wrestling with the Capital Improvement Board’s $37 million deficit think part of that profit should come into play. With a […]
SPORTS: Finding bright spots amid wave of bad sports news-WEB ONLY
Locally, the Capital Improvement Board is swimming in red ink and trying to figure how to fund our glistening sports venues-Lucas Oil Stadium, Conseco Fieldhouse and Victory Field. The Indiana Pacers report losing money nine of the last 10 years. And this year’s team seems to be sliding toward a spot in the NBA draft […]