Wall Street bankers for decades sold municipalities like Indianapolis on debt instruments called swaps as a safe way to reduce
borrowing costs and hedge against rising interest rates. In reality, the swaps were complicated bets that relied
on misguided assumptions, and taxpayers paid.
Indianapolis officials are exploring turning the former Central State Hospital into a 150-acre sports complex that could include
facilities for everything from soccer and baseball to tennis and ice skating.
Mayor Greg Ballard,a former Marine, has made some progress in the two years since he pledged his administration would purchase
3 percent of all city goods and services from veteran-owned businesses, but he remains far from his goal.
The city of Indianapolis wants to generate revenue by using greenways as fiber optic corridors. But previous legal battles
over leasing rights-of-way to utilities could hang up the plan.
An Arkansas-based charity, formed by Wal-Mart Stores founder Sam Walton, will run a competition to award grants to five community
organizations that want to start charter schools.
To spearhead a once-in-a-generation overhaul of local government’s antiquated back-office computer system, Mayor Greg Ballard
has chosen an unprofitable software firm that as recently as March 31 warned investors that debt-refinancing issues could
force it out of business.
City officials want to wait until economy, National Basketball Association labor situation stabilize before entering longer-term
deal. Optimism remains deal can get done by June 30.
Indianapolis residents can now go online to tell city officials about annoying potholes, knee-high weeds in their neighbor's
yard or stray animals roaming the area.
The Metropolitan Development Commission voted Wednesday afternoon to release nearly $4 million to
improve
the historic building in downtown Indianapolis.
Concluding a year-long evaluation and public bidding process, mayor chooses Oracle’s PeopleSoft to replace local government’s
1970s-era financial IT system and New York-based Zanett Inc. to lead the implementation.
The city of Indianapolis has put its plan to ban traffic around the city's iconic Monument Circle on hold following opposition
from residents, businesses and arts groups.
The proposal follows complaints by hotel managers that many travelers—particularly those in town for conventions—say
they cannot understand the city's taxi drivers.
The firm was a pioneer in the energy savings niche more than a decade before green became cool or was perceived to be a viable
market.
American Structurepoint has been tapped by the Department of Public Works as program manager for the city’s “RebuildIndy”
infrastructure-improvement initiative.
Greater Indianapolis Chamber of Commerce and Builders Association of Greater Indianapolis support sale of water, sewer utilities.
Details of a plan to assist the Indianapolis-Marion County Public Library have yet to emerge, but city leaders are pledging
their support to shore up a widening budget gap.
City would use $425 million expected from selling the city’s water and sewer utilities to Citizens Energy Group to upgrade
city streets, sidewalks and bridges.
Too few of the city's revitalization projects are connected by attractive sidewalks, streets, gardens and plazas.
Replacing the existing Wishard Memorial Hospital is so critical to the well-being of the sickly construction sector that one
industry official likens the project to a "lifeline."
The waterworks board’s plan to hire outside consultants to study the proposed sale of Indianapolis Water could delay the deal.
