More than half of the Square Donuts shops in Indiana—including two locations in Indianapolis and one in Carmel—have closed because of contract issues, the owner of the parent company confirmed Monday.
Industry-wide challenges led Carmel-based Protective Insurance Corp. to a $34.1 million annual loss last year, its biggest in decades.
An entrepreneur accused of running a Ponzi scheme to expand a network of luxury event venues was ordered to surrender a chunk of proceeds from the sale of his $2.4 million home while retirees who invested millions of dollars in a proposed facility in Carmel pursue legal claims.
A small group of retirees paid a combined $6.2 million last year for stakes in a proposed event center in Carmel that never was built. The investors claim they were duped in a vast fraud involving financial advisers, a property broker and a bankrupt company called Noah Corp.
Rook Security, an 11-year-old firm that specializes in cyber-threat detection and response services, had been on a torrid growth pace for most of this decade but has downsized its workforce more than 60 percent over the past three years.
Several area mayors say they’ve been meeting to discuss regional cooperation—talks that Hogsett has been a part of—but had not signed off on any plan like the one the Indianapolis Democrat proposed. The Hogsett plan would create winners and losers among counties.
The dealership would be built across 96th Street from the now-defunct HHGregg store, where Napleton had previously filed plans with Indianapolis to open a dealership.
Two out-of-state companies that want to build a 60-bed hospital in Carmel have a history of mass layoffs, at least one high-profile bankruptcy, and accusations of kickbacks and billing irregularities.
Forrest and Charlotte Lucas have continued to host not-for-profit events and what they say are private weddings at their West 116th Street property, despite being turned down for a zoning variance by the Carmel Board of Zoning Appeals in 2017.
Mayor Jim Brainard received 56% of the GOP primary vote, while his challenger Fred Glynn garnered 44%. The race had turned ugly in recent weeks.
Incumbent Joe Hogsett and Republican Jim Merritt are expected to easily win their primaries in the Indianapolis mayor’s race. In Hamilton County, the races could be more interesting.
In Hamilton County, the increase is likely tied in part to some interesting GOP primary battles. In Marion County, voters could choose to vote early at any of three different polling sites for the first time in a decade. Polls are open Tuesday from 6 a.m. to 6 p.m.
Incumbent Indy Mayor Joe Hogsett and GOP challenger Jim Merritt are expected to win their parties’ nominations easily. Meanwhile in Fishers and Carmel, incumbents are fending off primary challenges.
Henry Mestetsky, director of the Carmel Redevelopment Commission, told IBJ on Tuesday that the overwhelming response to the RFP was rare.
The Orlando-based benefits provider, Web Benefits Design, will continue to operate under its existing name.
Carmel City Council President Jeff Worrell told IBJ that Ann Bingman, former director of internal controls, will return to her role in the clerk-treasurer’s office, but won’t report directly to Christine Pauley, who fired Bingman April 17.
Carmel Clerk-Treasurer Christine Pauley escalated her harassment complaints about Mayor Jim Brainard on Thursday, but several people came forward Friday to say Pauley wasn’t being upfront about their relationship.
Clerk-Treasurer Christine Pauley and recently fired Director of Internal Controls Ann Bingman on Tuesday night gave councilors conflicting information about the status of the city’s annual audit.
Clerk-Treasurer Christine Pauley said Mayor Jim Brainard created a difficult work environment by pushing her to go on trips with him. But the mayor said in a statement that the two briefly dated and the timing of the accusations—just two weeks before the primary—is “interesting.”
A Carmel mayoral debate Tuesday night mostly focused on the city’s debt load and the administration’s spending, with Mayor Jim Brainard at one point handing his opponent a $10 bill in an attempt to prove a point.
