House passes funding for roads, Regional Cities
Legislation for road improvements that would also fund a key piece of Gov. Mike Pence’s agenda passed the Indiana House on Wednesday, but not by a large margin.
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Experience thin on team pitching plan for airport
The leadership team at Athlete’s Business Network, a startup that wants to develop a massive sports-medical complex near the Indianapolis International Airport, doesn’t have much experience in such projects.
Hamilton County Council OKs $12M for S.R. 37 project
The fiscal body of the county was the last approval needed for the $124 million project. Fishers and INDOT are also providing funding.
Andy Mohr expands into Bloomington with acquisitions
Andy Mohr Automotive Group Inc. has acquired Stephens Honda and Stephens Hyundai in Bloomington, the Indianapolis-based dealer announced Wednesday.
N.K. Hurst considers expanding operations into Zionsville
The Indianapolis-based dry bean and soup packaging company is planning to invest $5.8 million to construct a 67,000-square-foot manufacturing and distribution center at 10505 Bennett Parkway.
House GOP makes last-ditch effort on road funding bill, tax hikes
Indiana House Republicans are tying Gov. Mike Pence’s extra Regional Cities funding to the bill, along with a 13th check for pensioners.
Pilot shortage, other pressures push Republic into bankruptcy
Indianapolis-based Republic reached a watershed contract agreement with pilots last October, but it wasn’t enough to allow the carrier to regain its financial footing. Republic shares plummeted on news of the bankruptcy filing.
Indy officials chase nonstop flight to London
Landing the nonstop flight to one of the busiest airports in the world—and a major international hub—would be a boon for Indianapolis International Airport, which is highly rated for its quality but has been criticized by businesses for its lackluster selection of international nonstop destinations.
UPDATE: Lawmakers back down on direct auto sales ban
Tesla Motors Inc. prevailed Thursday in Indiana, where lawmakers sidelined a bill that would have kicked the company out of the state unless it establishes dealerships.
Tesla battles General Motors over right to sell cars in Indiana
Tesla Motors Inc., which has long skirmished with auto dealers over its practice of selling cars directly to consumers, has accused General Motors Co. of being the driving force behind a bill to kick Tesla out of Indiana.
New $8M Muncie garage paid for by city not drawing cars
The tucked-away location may be hurting the performance of the garage, which is part of a $40 million development that included a $29 million hotel and quiet-zone railroad crossing work intended to lessen train horn noise.
Developer ups pressure on airport to move ahead on project
Saying it was “gravely disappointed,” the company proposing a $500 million medical complex warned Friday morning that it would “explore other options” while airport officials spend more time examining the deal.
Airport delays vote on $500 million medical complex proposal
A vote on a proposal to build a $500 million medical complex at Indianapolis International Airport has been delayed so the board can take another look at the plan. The delay was announced after an IBJ story raised questions about the track record of the executive behind the plan.
Business owners and government officials spar over S.R. 37 overhaul project
The city of Fishers is investing tens of thousands of dollars in a consulting firm to address needs of businesses along State Road 37, which is expected to be redesigned into a free-flowing parkway, even though construction is at least two years down the road.
CEO behind $500M airport proposal has mixed track record
The top executive at an Indianapolis start-up that wants to build a $500 million medical complex at the Indianapolis International Airport launched a 200-location Dunkin' Donuts business that went bankrupt in 2009 and he filed for personal bankruptcy in 2013.
KAR announces $283M acquisition, quarterly profit
KAR Auction Services Inc. on Wednesday reported slightly lower quarterly earnings that missed analyst expectations. It also said it plans to buy a group of eight auctions in Idaho, Oregon, Nevada, Utah and California.
Indiana ports handle record 12.2 million tons of cargo
It was the first year in the Ports of Indiana's history that the state's three ports handled more than 12 million tons of cargo.
In-car data poised to rewrite rules of auto insurance
Two dozen auto insurers in Indiana already have launched at least small-scale usage-based insurance programs, according to the Indiana Department of Insurance.
Ethanol ‘train wreck’ seen getting worse with record supply
Record stockpiles of ethanol are forcing some biofuels producers into the ranks of energy companies that are slowing operations in the face of $30-per-barrel crude oil.
Red Line project awarded $75 million federal grant
The first phase of the $198 million Red Line is slated to run from just north of Broad Ripple to the University of Indianapolis.