NCAA unveils new enforcement arm with outside investigators
Creating a new process for dealing with some high-profile infractions cases was one of several recommendations made last year by the Rice Commission on college basketball.
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Former Indianapolis Mayor Greg Ballard says he’s not running for Congress
Ballard had been one of several Republicans suspected of being interested in running for Indiana’s 5th District, which is being vacated by Rep. Susan Brooks next year.
City to close key Market Street block for eight-month, $6M revamp
The complete overhaul of the street will include a raised pedestrian crossing between entrances for the City-County Building and the City Market.
Target no longer eyeing Circle Centre for downtown store, sources say
With Target out of the picture, the ground floor of the former Carson’s space in Circle Centre will be marketed to multiple retail, restaurant and entertainment tenants, sources said.
Anderson buys historic theater after failed renovations
Mayor Thomas Broderick Jr. said the price was reasonable and the theater could be tied into redevelopment efforts in the city.
IndyCar to use hybrid technology to boost horsepower, safety
The addition of the hybrid powertrain will delay the debut of IndyCar’s new engine from 2021 to 2022, realigning it with the arrival of the next chassis.
Indians announce naming-rights partner for new club space
The 4,500-square-foot club, to be constructed between the 2019 and 2020 seasons as part of $8.3 million in Victory Field improvements, will be sponsored by Indianapolis-based Elements Financial Federal Credit Union.
Circle Centre to market top two floors of former Carson’s as office space
The Carson’s space has been vacant since April 2018, leaving a gaping hole in the nearly 800,000-square-foot downtown mall.
Broad Ripple restaurant The Vanguard closes, but plans comeback
Owner Bill Ficca said he plans to reopen the restaurant at 6319 Guilford Ave. after Labor Day with a new concept.
Indiana gets $17M in latest round of U.S. airport grants
The latest round of airport infrastructure grants includes $4.74 million to Indianapolis International Airport for taxiway and apron rehabilitation and security enhancements.
Celadon lines up $165M in new financing, to replace aging fleet
Celadon CEO Paul Svindland said the financing would provide “a solid platform for the next stage of our business turnaround.”
Allison Transmission beats 2Q forecasts with record sales
Allison attributed the increase in sales to higher demand in the North America On-Highway and Outside North America Off-Highway end markets.
Duke Realty exceeds analyst forecasts with 2Q results
The Indianapolis-based real estate investment trust said it started $395 million of developments during the quarter totaling 2.6 million square feet.
Fed trims rate by quarter point, signals potential for more cuts
The rate reduction was the first since December 2008, when the Fed dropped its benchmark effectively to zero as it battled recession and financial crisis.
U.S. to set up plan allowing prescription meds from Canada
The Trump administration said Wednesday it will create a pathway allowing Americans to legally and safely import lower-cost prescription drugs from Canada for the first time, reversing years of opposition from federal health authorities.
Local racing exec named president of vintage sportscar group
Matt Breeden was chosen to oversee the SVRA’s day-to-day operations, including finances, event management and member relations.
Indianapolis woman gets prison time for identity theft, tax fraud
After executing a search warrant at the woman’s home, investigators for the IRS found 100 debit cards in more than 80 different names.
Indy Habitat for Humanity acquires Hamilton County affiliate
The consolidated organization is now serving Hendricks, Hancock, Marion and Hamilton counties.
Simon Property Group tops expectations with 2Q performance
The Indianapolis-based real estate investment trust saw profit shrink, but it beat Wall Street predictions with higher-than-expected funds from operations, a key industry metric.
UPDATE: Children’s Museum to demolish former apartment, Salvation Army buildings
A plan to demolish the 91-year-old Drake apartment building and former divisional Salvation Army headquarters will require zoning approval, the city said Wednesday.