A shorter-than-usual abatement plan during which no property taxes are paid for three years is expected to help Van’s Electrical Systems invest $427,000 to purchase and rehab a vacant building on the city’s west side.
The Indianapolis-based media company lost $18.2 million in its fiscal fourth quarter but reported a profit of $79.5 million for the fiscal year largely due to the repurchase of company preferred stock.
The Indianapolis TV station will occasionally broadcast live from the WIBC-FM 93.1 studio as part of an agreement with the radio station’s parent company, Emmis Communications Corp. WRTV is hoping to gain more exposure from the deal.
The Irving, Tex.-based company said the job cuts could occur in July if it does not find a buyer or emerge from bankruptcy. About 340 workers would be affected at five Indianapolis plants.
But major Indianapolis-area hospitals still prefer personal referrals
Permits filed last month in the nine-county area totaled 352, a 2-percent year-over-year decrease. But activity through the first four months remains stronger than it was during the same time last year.
Zionsville’s school district is asking taxpayers to address a $2.5 million budget shortfall. Meanwhile, in Johnson County, voters will consider whether to help finance a $30 million project that includes the construction of a 70,000-square-foot library.
The health care company that once promised to create 900 jobs in central Indiana has agreed to cease operations after a major lender moved to foreclose on the struggling Indianapolis-based business.
Results released Friday morning by Howey Politics Indiana and DePauw University have incumbent Richard Lugar trailing Indiana Treasurer Richard Mourdock by 48 percent to 38 percent in the Indiana Republican Senate primary race.
A spate of turnover on the Indiana Supreme Court won’t bring a change in the court’s reputation for consensus-building and consistency, court watchers say.
Butler University formally announced its departure from the Horizon League Wednesday. It will begin playing in the Atlantic 10 in the 2013-14 season.
Members of the board voted 5-0 to reject the variance that would have allowed Keystone Group to build the garage and retail development below the city’s recommended flood plain.
Cornelius M. Alig, chairman and CEO of Mansur Real Estate Services Inc., filed for Chapter 7 protection, listing $11 million in personal debt he attributed to the prolonged slump in the real estate market.
The town of Speedway will pay Clear Channel $189,000 for its interest in a key piece of property near the Indianapolis Motor Speedway.
CBSSports.com is reporting that Larry Bird is ready to step down as president of the Indiana Pacers, but the NBA legend says he’s not yet made a decision on his return. Bird’s contract with the team is up at the end of the season.
A sexual harassment lawsuit filed by a former executive of Royal Spa Corp. reads like a pornographic novel, filled with salacious charges that a co-owner of the company wrongfully fired him after becoming heavily involved in the plaintiff's swinging lifestyle.
Renovation of library space creates academic attraction.
The bank said it will terminate all 450 employees at its office on the northeast side of Indianapolis as the troubled residential mortgage servicing provider prepares to sell a large portion of its assets.
Weiss Communications Inc. sold the rights to publish the 18-year-old magazine to an unnamed Indiana investment group and fired its entire staff of 14 employees.
Former car dealer Ed Martin Jr., already banned from state horse racing tracks, is accusing the Indiana Horse Racing Commission of violating his civil rights and trespassing on his Florida thoroughbred farm during an investigation it launched against him.
