Venture firm invests $8.3M in local startup with fat-replacement product
Indianapolis-based Epogee LLC has developed a fat substitute to reduce the calories in sweets and other comfort foods. The new investment will allow the firm to scale up.
Hayleigh Colombo
Articles
East 10th Street pursues status as arts district; some neighbors brace for change
A new, $4.3 million Lilly Endowment grant is poised to spark the transformation of a one-mile stretch of East 10th Street into a hotbed for the arts.
Movement afoot to exit city’s 50-year parking-meter contract in 2020
Critics of Indianapolis’ 2010 decision to turn over operations of its parking meters to a private consortium have been counting down the years until their first opportunity to exit the deal.
Council panel kills Hogsett’s cap-and-trade idea on digital billboards
The move was a big victory for neighborhood leaders who had been fighting to keep in place the city’s ban on digital billboards.
Council committee advances $38M financing plan for P.R. Mallory site
A nearly $38 million project to transform much of the abandoned P.R. Mallory site on East Washington Street into the home of Purdue Polytechnic High School and other tenants is finally moving forward.
Indy programs tackling homelessness awarded record federal funding
The U.S. Department of Housing and Urban Development has awarded nearly $5.6 million to Indianapolis Continuum of Care organizations—a group of social service agencies and not-for-profits that work together to tackle homelessness,
City says it has blown past goal of transforming 2,000 troubled homes
In the two years since the initiative started, the city of Indianapolis has spent $24.3 million—largely in federal funds—to demolish, build or rehab more than 2,500 homes.
Despite low-key style, McRobbie has transformed Indiana University
Michael McRobbie has weathered the Great Recession, a higher education affordability crisis, and a nationwide reckoning about the very purpose of college in his 12 years as president.
Democratic hopefuls for City-County Council face concerns over party affiliation
At issue is that counties determine party affiliation in municipal elections by using candidates’ past primary votes—and neither ever has voted in a primary election.
UPDATE: Georgia firm buying Bill Estes’ four Indianapolis dealerships
The Bill Estes Auto Group, which launched its first dealership 43 years ago, confirmed Wednesday it has agreed to be acquired by publicly traded Asbury Automotive Group.
Group launches $15M loan fund for housing near IndyGo stops
The goal is to preserve or spur development of 1,000 affordable housing units within close distance of an Indianapolis transit stop over the next five years.
With all-time high enrollment, Marian extends president’s contract through 2025
Dan Elsener has served in the role since 2001, and has presided over a period of intense growth for the private Catholic university.
Deal with Ozdemir paves way for Purdue Polytechnic High School to open in Broad Ripple
For at least one year, the school would operate out of a building just east of Broad Ripple High School that Ozdemir's Keystone Group is buying.
CICF, Hogsett seek $4M fund to provide wraparound services to formerly homeless
The fund is designed to tackle “the significant lack of service provider capacity” that grew after Indianapolis Mayor Joe Hogsett in 2017 launched an effort to provide 400 more housing units for the homeless.
IndyGo CEO to depart public transit agency after 15 years
Michael Terry oversaw IndyGo at a critical time. In 2016, the agency successfully asked Marion County taxpayers for increased revenue in a tax referendum. The agency is now carrying out a plan to build three bus rapid-transit lines in Indianapolis.
City-County Council OKs $24M in additional public works spending
Some council members voted for the measure in spite of previously expressed frustration that the measure transfers $300,000 out of the city’s parking meter fund to eventually pay for initiatives that seek to curb homelessness and panhandling.
Embattled Indy Council Democrat Stephen Clay decides to skip reelection bid
Democrats were not planning to endorse him at their upcoming pre-primary convention as their preferred candidate for District 13, which is on the northeast side.
Indianapolis grappling with increase in deaths among homeless population
At least 70 people died in Indianapolis last year who previously experienced homelessness, the highest number ever recorded by the Coalition for Homelessness Intervention and Prevention.
Indianapolis Star’s latest cuts include columnists Swarens, Pete the Planner
The Indianapolis Star eliminated at least three newsroom employees Wednesday and dropped at least two business columnists.
Republicans Jose Evans, Jefferson Shreve eschew 2019 city elections
Jose Evans has decided to not to run for mayor and has thrown his support behind State Sen. Jim Merritt. And City-County Council member Jefferson Shreve, who replaced Jeff Miller last year, won’t seek a return to the council after his current term ends.