Articles

Fishers tables $100M development

An Ohio developer and the town of Fishers have agreed to cancel a 2007 development agreement that called for a $100-million
mixed-use project featuring 250,000 square feet of retail space and 150,000 square feet of office.

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Central Indiana colleges on alert to slow spending

Most colleges and universities in central
Indiana are being especially frugal because the value of their university endowments has plunged along with the market,donations
may decrease, and enrollment may decline, due to lack of student loan availability.

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Budget cuts threaten local economic data analysis

Budget cuts could eliminate programs that gather and analyze local and state economic data. This would hurt businesses and
economic development officials, since they would not have the data that helps them see how their market differs from the state
and the nation.

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Indiana CEOs are cautious during financial mayhem

CEOs with Simon Property, Duke Realty Corp. and Interactive Intelligence Inc. report that their companies are taking an uncharacteristically
cautious approach to acquisitions and investments, given the faltering economy.

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Bailout helping PNC take over NatCity

After a 17-year run in Indianapolis, National City’s trademark green signs are set to be replaced with the blue of Pittsburgh-based PNC Financial. The $5.6 billion deal raises questions about the government’s growing involvement in banking.

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Flat passenger counts not seen as threat to paying debt on midfield terminal

The big debt payments on the $1.1 billion midfield terminal at Indianapolis International Airport start coming due in January–just
as a recession hits and the battered airline industry cuts capacity. Despite the likely prospect of fewer passengers than
projected in the next year or two, airport managers say they don’t anticipate problems shouldering the roughly $40 million
a year in debt burden over the next 30 years for the new facility.

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