CIB approves $62 million in contracts for Fieldhouse overhaul
The board approved eight bids—mostly to local firms—for the first and second phases of the $360 million project.
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Developer, town of Speedway locked in fight over stalled Wilshaw hotel project
Correspondence obtained by IBJ between town officials and the developer reveal a tug of war over information on the hotel’s status and a disagreement over whether the company has violated a project agreement.
Indianapolis-area homebuilders end 2019 with second-half surge
A big December was not quite enough to make last year’s construction pace exceed 2018’s. It was the first year since 2011 that fewer single-family building permits were filed in the area than in the previous year.
Indiana utilities would be prevented from shutting down coal-fired plants under new bill
The bill, sponsored by Rep. Ed Soliday, R-Valparaiso, comes as several large Indiana utilities are planning to shut down thousands of megawatts of coal-fired generating capacity in coming years in favor of cleaner or cheaper fuel sources.
Indiana ends takeover, returning 3 schools to IPS
Nearly eight years after Indiana seized three struggling campuses from Indianapolis Public Schools, the State Board of Education voted Wednesday to hand the schools back, bringing to a close a turnaround experiment that sparked enduring change in the state’s largest district.
Carmel-based CNO Financial to cut 230 employees in restructuring
The company said it expects to reduce its annual spending by about $22 million by the end of 2020 as a result, investing about half of that savings into various technology and growth initiatives.
Holcomb announces $400M Fiat-Chrysler investment, teacher pay plan in speech
According to Gov. Eric Holcomb’s prepared remarks, Fiat-Chrysler will invest $400 million in its Kokomo facility and hinted that an announcement will be made on Friday from Toyota in Princeton.
WNBA’s 8-year labor deal to hike average salary to $130,000
The WNBA and its union announced a tentative eight-year labor deal Tuesday that will allow top players to earn more than $500,000 while the average annual compensation will surpass six figures for the first time.
UPDATE: Franklin College president ousted after arrest in Wisconsin
Franklin College terminated President Thomas Minar over the weekend after he was arrested in Wisconsin “for use of a computer to facilitate a sex crime, child enticement, and to expose a child to harmful materials/narrations,” the school said Monday afternoon.
Revenue chief resigning to campaign for Indiana AG, unseat Hill
Department of Revenue Commissioner Adam Krupp said he would bring “leadership, integrity and results” to the job as Indiana’s top lawyer. Incumbent and fellow Republican Curtis Hill has been accused of unethical conduct.
IBJ Podcast: Deciphering 5G and the new Indiana 5G Zone
Host Mason King talks with Bill Soards, president of AT&T Indiana, and Sean Hendrix, who is the director of emerging technologies and partnerships for Purdue Research Foundation, about why 5G matters and how it could be used in the manufacturing, agricultural and other sectors.
IndyGo transit service for disabled falling short
IndyGo says the vendor it hired to operate its reservation-based transit service for disabled riders isn’t meeting expectations.
Carmel startup uses technology developed by NASA in 1960s
Ian Hamilton launched Atlas Energy Systems LLC in 2013, repurposing the space-race technology into thermionic energy converters.
Lawyers tangle as high-stakes Fair Finance suit nears trial
A federal judge in northern Ohio has set aside three weeks for the jury trial, which begins Feb. 24 and pits Fair Finance Co.’s bankruptcy trustee against one of Fair’s former lenders, the Fortune 500 firm Textron Inc.
Urgent care clinics adopt retail approach
Upscale, fast service, with lots of consumer touches: It’s a growing model for retail health care in Indiana and around the nation.
$1.1B acquisition would give Lilly more skin in immunology game
Analysts have said that Dermira’s lead pipeline product, lebrikizumab, has the potential to be the best in class among a wave of similar antibodies to treat eczema.
UPDATE: Church buys former Marsh in Broad Ripple for $7.6M, plans Midtown campus
The sale of the 6.6-acre property included the 57,000-square-foot store on Keystone Avenue. Traders Point Christian Church plans to create an 800-seat auditorium and spaces for children and teens.
Indy gears up for 2022 college championship game
A contingent of 16 local officials will be in New Orleans this weekend for the College Football Playoff National Championship, as Indianapolis ramps up preparations to host the massive event in two years.
Cook Medical wins new trial in product lawsuit after judge admits he erred
The judge vacated a $3 million jury award against Cook Medical, saying a Georgia woman who sued the Bloomington-based device maker “did not have overwhelming evidence” to show the company’s implanted blood-clot filter was defective or caused her injuries.
Feds accuse Community Health of submitting false claims to Medicare
The Justice Department said the financial arrangements were outlined in a whistleblower suit brought by Thomas Fischer, who served as Community Health’s CFO from 2005 until his sudden exit in 2013. In a separate suit, Fischer claimed he was fired in retaliation for questioning possibly illegal practices.