Articles

‘Epic’ investment losses hit hospitals

Financial reports trickling in from Indianapolis’ major hospitals show why the city’s health care building boom ground to
a near halt this year. It ran into a wall of investment losses.

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Critics: Tax hike ‘defies logic’

Critics say the Legislature’s plan to shore up the insolvent Indiana Unemployment Insurance Trust Fund places the bulk of the financial
burden on already ailing businesses with the least ability to pay.

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Jefferson Plaza renovation approaches end

The Jefferson Plaza renovation, which has been renamed Allen Plaza after its developer, will include restaurants, office space, condos, and is also working to achieve LEED environmental certification.

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Redevelopment plans threaten Gasoline Alley

Business owners along the fabled Gasoline Alley north of Rockville Road think a proposal to close a north-south road linking
them to the front door of the Indianapolis Motor Speedway will have devastating effects.

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Airport hotel in limbo

The recession, coupled with personnel shifts, have grounded the more than $50-million hotel project adjacent to the new terminal.

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Fishers tables $100M development

An Ohio developer and the town of Fishers have agreed to cancel a 2007 development agreement that called for a $100-million
mixed-use project featuring 250,000 square feet of retail space and 150,000 square feet of office.

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DePauw, Ball State, Purdue buildings among top AIA design winners

Three university projects, two of which contain green-building elements, dominated the most recent design awards presented
by the American Institute of Architects Indiana chapter. Of the four award winners, three involved college buildings: the
Janet Prindle Institute for Ethics at DePauw University, the Neil Armstrong Hall of Engineering at Purdue University, and
the Straw Bale Eco Center at Ball State University.

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ConsensusDOCs an option for construction contracts

The most heavily utilized family of standard form contracts is published by the American Institute of Architects. However,
contractors routinely criticize the AIA forms because
of a perceived bias in favor of the architect.

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Tough economy touching all industries, but some are hurting more than others

Stock markets are falling, jobs are disappearing, and the outlook for the economy seems grim. Banks, real estate developers,
retailers and manufacturers are taking the worst hits, but all types of businesses in central Indiana are hurting. From health
care to technology, education to philanthropy, every industry is trying to take the setbacks in stride.

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One Indiana Square owner sues insurer over storm-damage repairs

The owners of a downtown skyscraper badly damaged in a 2006 storm are suing their insurance company after it halted payments
on a facade-replacement project. The suit, filed April 1, accuses the insurance company of a “bad faith” attempt to avoid
paying for repairs to the 36-story One Indiana Square building at the northeast corner of Pennsylvania and Ohio streets.

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Developer with environmental bent has $20M pipeline of projects

Expensive suits and luxury cars are standard issue for most developers, but not for the owners of locally based Casa Verde
LLC. Three of four owners sport beards. They build only Leadership in Energy and Environmental Design, or LEED, certified
projects. But don’t let the hippie image mask the company’s mission: Make green by building green.

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