The company cited a decline in demand for its flat-rolled carbon steel products for the closure that could happen as soon as this month.
Mayor Thomas Broderick Jr. said the price was reasonable and the theater could be tied into redevelopment efforts in the city.
Work on the $13.5 million replacement span in downtown Anderson began in November 2017. Once work on the eastbound lanes is completed, the westbound lanes will be closed again.
The Indiana Department of Environmental Management estimates cleaning up the reclamation site in Anderson could cost up to $262,000.
John Pistole, an Anderson native who took the helm of the Christian university in 2015, said putting it on stronger financial footing has been tougher than he expected.
The site is called the Broadway Street Corridor Groundwater Plume. Officials have reported finding contaminated groundwater with concentrations of trichloroethene, tetrachloroethene and other chemicals.
The 16.9-acre East Side Dolphin Club property and its assets are scheduled for liquidation at an Aug. 4 auction, Indianapolis-based Key Auctioneers announced Monday.
The Pendleton Council approved the project Thursday night, along with a $3.2 million incentive package to help encourage the development.
The Las Vegas-based casino company will soon own Indiana Grand in Shelbyville and Hoosier Park in Anderson, the state’s only two casinos with horse-racing tracks.
The Indiana Horse Racing Commission gave approval Wednesday to Caesars Entertainment Corp.’s plan to acquire Hoosier Park in Anderson and Indiana Grand in Shelbyville. The deal still needs approval from the Indiana Gaming Commission.
The suit was filed by former employee of the city of Anderson who alleges she was unlawfully arrested and imprisoned while trying to deliver her mother’s absentee ballot.
An environmental group is working with an Indianapolis-based developer known for its retail projects on plans for a proposed recreational trail in Indiana instead of a stalled reservoir project.
A developer and the city of Elwood have broken ground on what is expected to be the largest residential development in the community of 8,500 people about 20 miles northeast of Noblesville.
New owners had hoped to reopen the 88-year-old State Theatre late last year or early in 2018, but work has been put on hold until heating-and-cooling system issues in the building are addressed.
State officials have awarded a $79 million contract to widen a section of Interstate 69 to six lanes northeast of Indianapolis.
Indianapolis officials desperate for money to repair roads are considering whether they should try to collect income taxes from suburbanites who don't live in the city but who travel there for work.
The Anderson City Council is considering a tax abatement on the investment, which is expected to create 30 jobs.
The facility off Interstate 69 is expected to create 60 jobs by the end of next year and possibly 200 over the next decade.