Experts see cargo biz increasing at Indy airport
That’s important for Indianapolis International, where cargo represents a significant portion of landing weight. And landing fees that airports charge carriers are weight-based.
Susan Orr
Articles
Judge’s ruling ends civil suit against former Irwin Union bank officers
An Indianapolis judge has ruled in favor of three former Irwin Union Bank & Trust Co. executives, closing the book on a civil suit that the bank’s bankruptcy trustee originally filed in 2011.
Bankrupt HHGregg plans to liquidate if no buyer found in next week
The Indianapolis-based retailer, which has filed for Chapter 11 bankruptcy protection, has filed a plan with the court to close its 132 stores and sell off its remaining merchandise if it can’t find a buyer by April 7.
Layoffs loom as state moves on incentives to save other Carrier jobs
The IEDC approved a $7 million incentives package that requires Carrier to keep 1,069 jobs here, although the company is still sending hundreds of other jobs to Mexico.
UPDATE: Holcomb replaces Mutz, other longtime members on IEDC board
The three longest-serving members of the Indiana Economic Development Corp.’s board of directors, including former Lt. Gov. John Mutz, have been replaced.
Proposed exits on I-69 route suggest opportunities—and headaches
The Indiana Department of Transportation this month released plans detailing the location of interchanges along the final leg of Interstate 69, information that’s expected to spark investment.
Trump’s budget proposal puts Red Line grant funding in doubt
President Trump’s federal budget plan, released Thursday, proposes cuts to the Federal Transit Administration program that would fund the $75 million Red Line grant.
City seeks clawback of tax incentives from filter-maker GVS
The manufacturer landed the local tax incentives in 2006, then closed its Indianapolis plant in 2015.
Saran Industries to close Indianapolis plant with 110 workers
Saran, which does industrial finishing and machining work, told the Indiana Department of Workforce Development that it expects to close the local facility by June 30.
Former Estridge Homes controller to plead guilty to bank fraud
Thomas Carter of Fishers diverted more than $340,000 from company bank accounts into his own accounts between 2013 and 2016, Carter’s plea agreement says.
Indianapolis sitting pretty with light pension burden compared to peers, report says
Indianapolis has it relatively easy in large part due to state involvement in its pension plans, according to Standard & Poors.
Indianapolis airport scores another nonstop flight to San Francisco
Alaska Airlines will begin offering Indianapolis-to-San-Francisco flights starting Sept. 26, airport officials announced Thursday.
Former Indianapolis tax preparer sentenced for filing false returns
Prosecutors say the man filed 65 fraudulent tax returns on behalf of central Indiana clients between 2010 and 2012.
IndyGo schedules public meetings on Red Line project
Now that the Marion County transit tax has passed, IndyGo is assured of funding for the bus rapid-transit project.
Embattled businessman Eyler files for bankruptcy
The filing follows a wave of lawsuits filed against Gary Eyler in connection with the collapse of The College Network, a company he founded in 1995 that provided online test-prep materials for college entrance exams.
Holcomb seeks $4M to plan next Regional Cities round
The governor is so pleased with the progress of the Regional Cities program implemented last year that he’s seeking more money from the Legislature to advance it.
Waste services firm bought by Florida company in $66M cash deal
CGS Services Inc. was on its fourth generation of family ownership when Florida-based Advanced Disposal Services bought the central Indiana company.
Transit tax wins City-County Council OK, clearing final hurdle
The 17-8 vote will put into place an income tax increase that will raise at least $54.4 million annually to fund major improvements to the city’s bus service.
Despite $329M loss last year, Calumet looks ahead with ‘cautious optimism’
The Indianapolis-based company said it has seen positive results from efficiency and cost-cutting actions it took in 2016.
IndyGo moving forward with Red Line construction prep
IndyGo says it needs to keep working toward a summer construction date so that the transit line is “shovel-ready” if and when federal grant funds are released.