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The Penn Arts apartment building at 16th and Meridian streets will stay vacant a while longer. A $3-million plan to transform the aging 82-unit apartment building into 45 fancier units has hit a snag that’s become familiar to developers: No financing was available at advantageous terms, said Christopher Piazza of developer Reverie Estates LLC. Piazza […]
Purdue University will dedicate its new research park in the Ameriplex industrial complex on Indianapolis’ west side tomorrow, but the park’s bright potential runs the risk of being overshadowed by a dreary economy. Construction finished late last year on the first phase and cornerstone of the project, a 55,000-square-foot accelerator that will house 15 to […]
About 1,300 workers at Chrysler’s Kokomo Transmission Plant did not return to work today as expected following a month-long layoff. Company officials expected the plant’s entire workforce of 2,000 would return today. But in a statement yesterday they said remaining workers likely would be called back Jan. 26. Chrysler employs about 6,300 workers at the […]
Evansville-based Berry Plastics Corp. is planning an $80 million expansion of its thermoforming operations next year. The company says the site of the expansion has yet to be determined, but it expects the project to add more than 150 jobs to its work force. Berry, which ranked first on IBJ’s 2008 list of the largest […]
Honda vs. Volkswagen. Now that has a ring to it. And it is looking like that could be the headline act in the 2011 Indy Racing League.
Ulrich Baretzky, Audi Sport’s head of engine…
The supply of new and existing homes for sale in the Indianapolis region is falling, according to the latest statistics compiled by the F.C. Tucker Co., raising hopes that the market is finding a healthier balance between supply and demand. The statistics showed a 14.3 percent decline in residential home inventory in December. While there […]
Ivy Tech Community College is working with private developers on a plan to turn the old St. Vincent Hospital into a housing complex…
Occassionally, I like to devote a blog to connecting you to conversations on other blogs. It’s that time again.
Of course, feel free to comment here on anything you find out there (Hint: right click and open any link in another…
Hotel toiletries maker Gilchrist & Soames said today it plans to spend $3 million to expand its Indianapolis headquarters and manufacturing operations, creating more than 40 jobs by 2014. The company, purchased by San Francisco-based private equity firm Swander Pace Capital for $51 million in 2007, supplies bath and body products to luxury hotels and […]
Radio giant Clear Channel Communications Inc. is expected to implement a massive restructuring plan tomorrow that aims to cut $400 million in company costs. San Antonio-based Clear Channel has about 50 employees in Indianapolis; the company owns local radio stations WFBQ-FM 94.7, WRZX-FM 103.3 and WNDE-AM 1260, and its Clear Channel Outdoor billboard arm also […]
Ice Miller LLP is the latest city law firm to cut payroll by eliminating support staff. The firm late last week laid off 14 people, reducing its total workforce by about 2 percent. No attorneys were affected by the cuts, the firm said. “Over the last few months, we have been engaged in a thorough […]
The union representing about 200 employees at the Indianapolis Star voted overwhelmingly this weekend to accept a one-week furlough for each of its members in hopes of avoiding further layoffs. Officials at Star parent Gannett Co. Inc. announced last week that all of its employees would be required to take one week off without pay […]
Kroger Co. finally will begin work Tuesday on a new, 50,000-square-foot grocery store in Nora that met fierce opposition from the neighborhood’s community council. The $12 million project will replace six vacant buildings at 82nd and Evergreen streets on property the company will lease from local developer Sid Eskenazi. Cincinnati-based Kroger began discussions on the […]
Home sales increased last month in three central Indiana counties despite a 3-percent decline for the region as a whole. Marion, Johnson and Hancock counties had more sales in December than the same month in 2007, according to statistics compiled by F.C. Tucker Co. – for a total of 25 more deals. All told, 1,411 […]
Millions of people will crowd the National Mall in Washington tomorrow to watch Barack Obama be sworn in as the country’s first black president. Thousands of Hoosiers are expected to be in attendance, including Culver Academy’s Black Horse Troop, which will march in the inaugural parade, and Beech Grove residents Mike and Cheryl Fisher, who […]
Radio giant Clear Channel Communications Inc. is expected to implement a massive restructuring plan tomorrow that aims to cut $400 million in company costs. San Antonio-based Clear Channel has about 50 employees in Indianapolis; the company owns local radio stations WFBQ-FM 94.7, WRZX-FM 103.3 and WNDE-AM 1260, and its Clear Channel Outdoor billboard arm also […]
Today is Martin Luther King Jr. Day, and several local attractions are offering a number of ways to celebrate King’s legacy. Admission is free to the Children’s Museum of Indianapolis until 5 p.m. , and White River State Park attractions are giving free admission to visitors who bring a canned good donation for Gleaners Food […]
A Greenwood swim team member rescued her own coach from drowning Wednesday at Greenwood High School. Coach Chas Grimm passed out during an underwater swimming challenge between him and swim team members. Freshman Hannah Fuller says the coach was on his third lap when she saw him twist and float toward the surface. Fuller says […]
The union representing about 200 employees at the Indianapolis Star voted overwhelmingly this weekend to accept a one-week furlough for each of its members in hopes of avoiding further layoffs. Officials at Star parent Gannett Co. Inc. announced last week that all of its employees would be required to take one week off without pay […]
Ice Miller LLP is the latest city law firm to cut payroll by eliminating support staff. The firm late last week laid off 14 people, reducing its total workforce by about 2 percent. No attorneys were affected by the cuts, the firm said. “Over the last few months, we have been engaged in a thorough […]
