Chicago developer to buy 57-acre Plainfield property near airport
The Indianapolis Airport Authority, which owns the property, agreed to sell the land for $6.67 million to a real estate developer that owns several other properties in the area.
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City files eminent domain suit to acquire, demolish Oaktree Apartments
The city of Indianapolis has called the 19-acre property southeast of the intersection of 42nd Street and Post Road a “threat to public health, safety and welfare.”
Central Indiana homebuilders see permit skid reach five months
Applications for single-family construction permits in the nine-county area are down 12 percent so far this year.
Bloomington-based Oliver Winery now sells in 27 states
Company’s emphasis on sweet wines has helped make Oliver the largest Hoosier winery (by far) and the 44th-largest in the United States.
New council in Westfield might curtail spending
A dramatic shakeup of the Westfield City Council could result in more scrutiny of development proposals that are part of Mayor Andy Cook’s vision for the growing city.
20 years after launch, nation’s first internet-only bank is on a roll
Fishers-based First Internet Bancorp has had strong double-digit percentage growth in recent years, while most banks are growing in the mid-single-digit range.
Speedway B&O Trail extensions could spur development
Redevelopment experts are confident the west side will see a jolt in property values and development opportunities as plans to extend a Speedway trail both east and west move forward.
Carmel-based CNO says new CFO will work in Chicago
The insurance company’s executive team is split between three cities that house its major brands. Chicago-bound CFO Paul McDonough will replace Erik Helding, who was based in Carmel.
IPS increases pay for principals, other school leaders
Starting pay for elementary and middle school principals in the district increased to nearly $112,000 a year, about $27,000 higher than the previous pay scale.
Indiana’s unemployment rate holds firm as labor force ticks up
Private sector employment in Indiana grew by 4,400 in February over the previous month and is up more than 40,400 over the last year, the state said Friday.
Overwhelmed by problems, Indianapolis charter school closing again
Indianapolis Lighthouse East, which reopened four years ago, was expected to graduate only 44 percent of seniors in its first graduating class this year. It has struggled with dwindling enrollment, low test scores, and high teacher and principal turnover.
Trump blames Fed for holding back economic growth in 2018
In a broadcast interview, Trump said without the Fed’s rate hikes last year and moves to trim its bond holdings, the economy would have grown by more than 4 percent.
Report: Great Lakes region warming faster than rest of U.S.
The trend likely will bring more extreme storms while also degrading water quality, worsening erosion and posing tougher challenges for farming, scientists reported Thursday.
Baker Hill’s new software fuels firm’s rapid growth
A year after the release of the fifth and final phase of its NextGen platform, Carmel-based financial software firm Baker Hill is experiencing significant growth, which CEO John M. Deignan says should continue for several years.
Bill would make it harder to change gender on Indiana IDs
Under the proposal, only the submission of a certified, amended birth certificate to the BMV could be used to complete a gender identity change on BMV-issued credentials.
Indianapolis officials go to market to sell $600M in bonds
Representatives from the city were in New York City on Thursday to entice investors to buy bonds to fund the new criminal justice center—a milestone in the giant public project.
‘Two-tier economy’: Report says prosperity in Indianapolis is increasing, but not for all
The data reflects the fact that there is a “missing middle in central Indiana’s economy,” due to the loss of manufacturing jobs.
Purdue’s Painter could earn big bonus bucks with deep NCAA run
The men’s basketball coach already has racked up more than $160,000 in bonuses, based on his team’s performance so far this season.
March madness tips off with college sports under microscope
The Indianapolis-based NCAA faces more pressure than ever to reform its model. Legal challenges, scandals and athlete activism are convincing the public that colleges are getting rich exploiting their players.
Trump says tariffs will stay until China complies with deal
The president’s comments dim hopes that round-the-clock trade negotiations between the world’s two biggest economies could lead to them removing the roughly $360 billion in tariffs they’ve imposed on each other’s imports.