In Trump aid package for farmers, many blow past caps
Recipients defended the payouts, saying they didn’t cover their losses from the trade war, and they were legally entitled to them.
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Real estate company sues law firm over HHGregg property deal gone awry
A Carmel-based plaintiff has filed a lawsuit against Krieg DeVault, alleging the Indianapolis-based law firm’s failure to file a property deed in 2003 in a transaction involving defunct retailer HHGregg could now cost the real estate company millions of dollars.
Local business owner charged in tech startup scam, accused of bilking investors
Prosecutors say David Betner of Indianapolis misled investors by saying his company—Darepoint—was on the verge of a profit-generating buyout.
Grand Park developer, Kokomo partner on $86 million youth sports project
Westfield-based Henke Development Group, which helped the city develop Grand Park, plans to spend $77 million developing Championship Park, a commercial development on land next to the sports park. A hotel could also be part of the project.
Could land trusts keep housing affordable, avoid gentrification?
In a quest to create permanently affordable housing, about 25 Indianapolis community groups and development corporations have formed the Community Land Trust Coalition.
Local company seeks to make Midwestern fans of kombucha, which is trendy on coasts
Indianapolis-based beverage maker Circle Kombucha wants to sell its signature product—carbonated, fermented tea—throughout the Midwest.
Noblesville mayor-elect Jensen views projected population surge as opportunity
But first—Chris Jensen said—the city needs to take steps that will help guide and keep a handle on the coming influx of residents and businesses.
Developer of $66M apartment project downtown requesting $9.8M in TIF bonds
Under a proposed deal, the Boston-based developer of the 11-story project would receive a portion of the increase in property tax revenue generated by the project in order to pay off the bonds.
Buttigieg campaign reports fundraising of $24M in 2nd quarter
Democrat Pete Buttigieg’s latest numbers further cement him as a leading candidate and are sure to draw notice from rival campaigns, many of whom have struggled to raise money.
IBJ wins 10 national awards for business coverage
IBJ took top honors from the Alliance of Area Business publications for best coverage of local breaking news, best local coverage of national news, and best specialty e-newsletter.
IBJ Podcast: This IU pediatrician is a health care myth buster
Should you avoid red meat? No. Should you strive for 10,000 steps a day? Not unless you just want to. So says Dr. Aaron Carroll, a pediatrician and researcher at the Indiana University School of Medicine who sees it as his life’s calling to debunk what he considers health myths and weak medical research.
Forever 21 officials asked landlords about possible acquisition, sources say
A small faction of officials at the struggling 800-store retailer talked to mall owners Simon Property Group Inc. and Brookfield Property Partners LP about a range of options, including a sale, according to people with knowledge of the matter.
U.S., China call off escalation of trade war ‘for now’
U.S. tariffs will remain in place against Chinese imports while negotiations continue. Additional trade penalties President Trump has threatened against billions worth of other Chinese goods will not take effect for the “time being.”
Pacers point guard Collison, 31, retires from NBA to focus on faith
“While I still love basketball, I know there is something more important, which is my family and my faith,” he told ESPN’s The Undefeated.
Three face felony charges in shooting of judges—including one of the judges
Felony charges have been filed against three men involved in a high-profile shooting incident in downtown Indianapolis that sent two visiting judges to the hospital with gunshot wounds. And those charged include one of the judges.
Judge orders railroad advocate, attorneys to pay Fishers $72,000
Hamilton Circuit Court Judge David Najjar found that attorneys for Fishers spent more than 230 hours defending the city against Save the Nickel Plate in a case he called “frivolous.”
Developer plans $17.5M apartment project on southern edge of downtown
Indianapolis-based BWI LLC is requesting a city property tax break for the 97-unit development that would save it $1 million over 10 years.
Brooks’ decision not to run a blow to Indiana’s congressional seniority. But does it matter?
The current Indiana members of the House and Senate have served an average of 8.6 years on Capitol Hill, a number that will go down when Brooks leaves.
Cummins to acquire Canadian hydrogen fuel-cell maker for $290M
The move comes as Cummins, long known as a diesel engine powerhouse, expands its efforts in alternative powertrain technologies.
City’s poor often have few affordable options for banking, other financial services
Banking is more expensive for the people who most need it to be affordable, a reality that experts say plays a significant role in preventing many Hoosiers from snapping the cycle of poverty.