EDITORIAL: School closings hurt neighborhoods
With the district projecting its high schools will be at only 37 percent capacity in the coming school year, it’s hard to argue IPS should keep all its schools open.
IBJ Staff
Articles
Debt-collection exec sentenced to more than 4 years in prison
Todd Wolfe, who was indicted on federal fraud charges in 2015 following the collapse of Fishers collection agency Deca Financial Services LLC, must make restitution of more than $5 million to his victims.
St. Louis-based barbecue joint to open downtown Indy location
A barbecue chain with six existing restaurants is set to take the downtown space last occupied by a Penn Station East Coast Subs. The restaurant, its first outside of Missouri, should open this fall.
IUPUI leaving Summit to compete in Horizon League
The Jaguars have participated in the Summit League ever since they made the jump in 1998 from the NCAA Division II level to Division I.
Cheapest fuel since 2005 to bring U.S. drivers `Christmas in July’
American drivers are preparing to hit the road this Fourth of July as seasonal gas prices plunge to their lowest in 12 years.
Existing home sales in area slide as inventory shrinks, prices rise
Existing-home sales in central Indiana fell 3 percent in May, marking only the second monthly decline in the past 19 months.
IBJ wins national honors for vaping, Salesforce, Carrier coverage
IBJ reporters and editors won national gold and silver honors Saturday from the Alliance of Area Business Publishers for coverage in 2016.
Land trust closes majority of deal to preserve property along White River
The Central Indiana Land Trust says it has raised $2.2 million of the $2.7 million it needs to establish White River Bluffs and preserve 12.2 wooded acres along the White River in Indianapolis.
Brown County officials announce plan for $10M concert venue
The county-owned Maple Leaf Performing Arts Center, planned near Nashville, is expected to host concerts in multiple music genres, according to hospitality officials.
Fishers tax business owner sentenced to four years in prison
A Fishers business owner who pleaded guilty to instructing his employees to prepare more than 2,300 false tax returns must make $1.5 million in restitution.
Residential Real Estate: Marketplace for June 26, 2017
The number of active listings in the metro area has inched up—but not nearly enough to eliminate the seller’s market that now exists.
Indianapolis tries to halt Carmel’s 96th Street roundabout plan
In a lawsuit filed this month in Marion Superior Court, Indianapolis claims its northern neighbor is encroaching on the city’s corporate boundary. The seven-page complaint is seeking a preliminary injunction preventing Carmel from continuing with plans to build four roundabouts.
Pharmakon owner, compliance director face criminal charges
The owner and the director of compliance for Noblesville-based Pharmakon Pharmaceuticals Inc. have been charged with multiple criminal counts related to the sale of over-potent compounded painkillers that sickened at least three infants.
Allegiant to begin seasonal Indianapolis-to-Phoenix flights this fall
The route is one of 28 new routes that the Las Vegas-based airline plans to launch this year.
Indiana restaurant owners sentenced for underreporting $1.8M in sales
Two central Indiana restaurant owners have been sentenced to home detention and ordered to make restitution for failing to collect and remit sales taxes, Marion County Prosecutor Terry Curry announced Monday.
Purdue, Rolls-Royce, state launch $24M partnership to advance aircraft engines
The Indiana Economic Development Corp. said the Purdue-based partnership will create the nation's most advanced turbine lab for compact gas engines.
Indy Fuel owners, developer propose $40M sports, entertainment complex
The owners of the Indy Fuel professional hockey team and Indianapolis-based developer Gershman Partners announced plans Monday to team up on a $40 million-plus sports, family entertainment and hospitality complex on 60 acres along Interstate 65 in Greenwood.
Indiana unemployment rate sinks to near-record low
Indiana's unemployment rate made a a big drop in May, falling to 3.2 percent, the state’s Department of Workforce Development said Friday.