Director: Bidders must meet Indiana lottery standards
Indiana won't turn its lottery over to a private company if bidders don't meet the state's high standards, the executive director of the Hoosier Lottery said Friday.
Indiana won't turn its lottery over to a private company if bidders don't meet the state's high standards, the executive director of the Hoosier Lottery said Friday.
Two foreign companies have dropped out of the bidding to become the first private manager of Indiana's lottery, with one charging the state's process encourages bidders to set expected revenue levels too high.
The Illinois Lottery is not a model Indiana should follow in seeking a private manager to boost revenue, according to Illinois’ own lottery chief. Hoosier Lottery officials say they’ve taken steps to avoid the problems Illinois had with its privatization contract, but several key elements of the process mirror Illinois’.
Downtown is short of the four- and five-star hotel rooms preferred by National Football League sponsors and partners for a 2018 Super Bowl host, but local tourism officials are hesitant to add more hotel space just to secure a second Super Bowl.
Republican Mayor Greg Ballard’s aides says delayed action on funding proposals could jeopardize pending economic development proposals.
Redevelopment of the Massachusetts Avenue fire station could remain in limbo for the foreseeable future, as Mayor Greg Ballard and council Democrats enter a standoff over tax increment financing districts.
The $791 million Hoosier Lottery threw open bidding July 11 for a 10-year contract on marketing, sales and distribution services. The lottery wants to be among the fastest-growing in the country, and it’s looking to the gambling industry to help it reach that goal.
The Mayor’s Office and local mass transit leaders have reached consensus on a site for a $30 million downtown transit center. The preferred location is a city-owned surface parking lot along Washington Street between the City-County Building and Marion County Jail.
The buying spree is back on at WellPoint Inc., with a twist. A decade ago, the insurer consolidated Blue Cross and Blue Shield plans that catered to employers. Today, it is making deals to grow the non-employer part of its business.
A publicly traded real estate investment trust has agreed to pay $201 million for the tallest building in Indiana, a price that could give a boost to the local investment market.
The 13-mile, $600 million upgrade of U.S. 31 that carves through some of Hamilton County’s fastest-growing suburbs is a temporary inconvenience to motorists, but for some business owners it’s a life—or livelihood—altering event.
The Capital Improvement Board has owned the Ober building, at 107 S. Pennsylvania St. near Bankers Life Fieldhouse, since 1999. Members on Monday voted to begin soliciting bids.
The operator of Indiana Grand Casino and Indiana Downs horseracing track in Shelbyville has reached a $3.5 million settlement with the property’s former manager, The Cordish Co., that helps pave the way for its reorganization.
A judge on Thursday approved procedures for the potential sale of the property. Bids must be accepted by July 20, and an auction will be conducted on July 31.
The union movement is desperate for a victory, whether at the ballot box, legislature, or courthouse.
Owner of Indiana Grand Casino plans to proceed with recapitalization plan instead.
The Warsaw area is well-known as the home of gigantic orthopedic implant companies and their suppliers. But now a handful of startups have been able to raise nearly $25 million in equity investments despite the recession—putting a bit more fuel into a fairly stagnant entrepreneurial sector.
Angie’s List Inc. alleges its trademarked name is being misused by a Colorado competitor to intercept people conducting Google searches for the Indianapolis-based contractor-ratings service.
Investment Property Advisors agreed to reduce the size of the apartment building from 26 stories to 10 stories and from 485 units to 319 units to help gain support from the city.