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UPDATE: Groups propose extending rail line into Indianapolis

June 15, 2017

Four proposals were submitted this week to the Hoosier Heritage Port Authority for expanded service along the Nickel Plate rail line, conflicting with another plan to turn the corridor into a pedestrian trail.

CVS, suitors for Marsh stores agree to settlement, helping clear way for sale

June 14, 2017

Under the agreement, prospective store buyers Kroger and Fresh Encounter would be able to operate pharmacies at the locations much sooner than rival CVS expected.

Two Ohio grocers agree to buy 26 Marsh stores for $24M

June 13, 2017

A bankruptcy court filing Tuesday afternoon says an affiliate of Kroger plans to buy 11 stores for $16 million and an affiliate of Fresh Encounter plans to buy 15 stores for $8 million.

Vacant Butler-Tarkington firehouse poised for reuse as restaurant, bar

June 8, 2017

A review committee has recommended the plan to city officials over a proposal submitted by the owner of the liquor store next door.

‘Numerous bidders’ pursue Marsh stores, likely setting stage for auction

June 8, 2017

The Fishers-based company would not provide details on the offers, which it is evaluating with creditors. The fate of its 44 remaining stores likely will be determined next week.

UPDATE: Marsh reports ‘numerous bidders’ for remaining stores

June 7, 2017

Fishers-based Marsh Supermarkets has received offers for at least some of its remaining 44 stores “from numerous bidders,” the company said Wednesday evening, less than two hours after the bid deadline set by bankruptcy court.

Key deadline in Marsh sale passes without suitor surfacing

June 6, 2017

The deadline was Monday for the company to identify a so-called stalking horse bidder, which would make an initial offer for the grocer's assets that any other suitor would have to beat. Bidders for the business still could emerge, but time is running out.

Landlord’s Marsh bet leaves trail of foreclosures

June 1, 2017

Landlords across Indiana are feeling the pain from the collapse of Marsh Supermarkets, but none more so than a Canadian firm that had as many as 12 of the grocer’s stores in its portfolio.

Indiana restocking supplies of pricey drug to combat opioid overdoses

May 26, 2017

The state is asking vendors to submit bid packages by June 12 for a drug whose price has spiked in recent years.

Marsh no longer title sponsor of Symphony on the Prairie

May 23, 2017

The beleaguered supermarket chain had sponsored the Indianapolis Symphony Orchestra’s summer outdoor concert series for 35 years.

Marsh incentive plan awards key employees if stores are sold

May 22, 2017

The plan, approved by a bankruptcy judge, allows 10 employees to collectively receive up to $1.1 million in bonuses if certain conditions of a sale are met.

Experts: Marsh purchase doomed from start

May 18, 2017

In 2006, when Sun Capital Partners bought Marsh Supermarkets, the bet looked risky at best.

High court backs bids to collect outdated debt in bankruptcy

May 15, 2017

A divided U.S. Supreme Court has ruled that debt collectors can use bankruptcy proceedings to try to collect liabilities that are so old the statute of limitations has expired.

Marsh likely will need federal bailout for $76M pension shortfall

May 12, 2017

A federal agency likely will step in and pick up the unfunded-pension tab once Marsh Supermarkets exits Chapter 11 bankruptcy. That's not an unusual situation for companies that have been owned by private equity firm Sun Capital Partners.

Marsh bankruptcy documents show Sun Capital no longer in control

May 12, 2017

Sun Capital Partners has relinquished controlling ownership of Marsh Supermarkets to a limited liability company that plans to sell the assets of remaining stores at auction a month from now, bankruptcy papers show.

Indy in hunt to host NFL draft

May 11, 2017

Indiana Sports Corp. and Visit Indy officials did their due diligence at the last two NFL drafts in Chicago and Philadelphia and are pondering pitching an outdoor site for the event.

Three Indiana private schools lose bid to enroll more voucher students

May 11, 2017

The Indiana Board of Education declined to give the schools one-year waivers to show they could continue to show academic improvement.

Old Spaghetti Factory to occupy former Shapiro’s building in Carmel

May 5, 2017

After years of sitting empty, the former Shapiro’s Delicatessen building in City Center will have a new tenant by next summer.

UPDATE: Pacers hope to lap field with splashy bid for NBA All-Star Game

April 21, 2017

Pacers President of Basketball Operations Larry Bird on Monday delivered the city’s bid to host the 2021 NBA All-Star Game to NBA executives in New York City in a specially-themed IndyCar.

Neighbors raising money to aid potential buyer of Saddlebrook Golf Course

April 20, 2017

The public course, an anchor for the neighborhood bounding West 56th Street in Pike Township, closed in late 2015 after the previous owner defaulted on a $2.4 million bank loan.

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