Articles

Great-grandson of LDI’s founder prepares to take reins

In a world that likes to see businesses grow by leaps and bounds, LDI Ltd. is a tortoise. The family-owned holding company typically hangs onto firms in its portfolio for 15 years or more. It might take more than two years to zero in on an acquisition target. And it’s putting its next CEO, J.A. Lacy, through a year-long apprenticeship.

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Daniels, Beshear reach agreement on bridges

Construction on two new bridges costing $2.6 billion and spanning the Ohio River between Kentucky and Indiana could begin in late 2012, with the spans open before the end of the decade, Kentucky and Indiana officials said Thursday.

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City goes after tow-company license

Indianapolis is moving to revoke the license of a prominent local towing company that officials say has violated local ordinances and elicited more than two dozen consumer complaints.

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Celadon plans expansion, $3.4M office building

Celadon Group Inc. is seeking tax abatements from the city to build a $3.4 million office building at its far-east-side headquarters. The local trucking firm plans to hire 100 more employees by 2016.

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Republic Air unit among best in airline hassle rankings

Coach passengers on American Airlines and US Airways Group Inc. jets have the greatest risk of hassles, according to new rankings. Southwest Airlines Co. and Frontier Airlines, a unit of Indianapolis-based Republic Airways, posted the highest scores.

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Transit plan may boost real estate investment

A proposed $1.3 billion transit system might bring redevelopment to urban neighborhoods. Yet transit proponents have surprisingly little to say about how much the system could generate in new real estate investment.

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Mayors back transit tax hike in Marion, Hamilton counties

Indianapolis Mayor Greg Ballard, Carmel Mayor Jim Brainard say more local transit options are needed despite the steep cost. A ballot referendum would be required so voters could consider a 0.3-percent income-tax increase to pay for a $1.3 billion project.

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