Summit Realty pursues downtown building for HQ
The firm, now based in Chase Tower, wants to acquire and renovate the building at 241 N. Pennsylvania St.
Government & Economic Development
Articles
Receiver: Schrenker can’t pay restitution
Former money manager who tried to fake his death in a plane crash may not have enough money to pay restitution required as
part of a plea deal on securities fraud charges.
Heat wave could renew push for later school start
A mid-August heat wave that has left some students sweltering in classrooms without air conditioning could renew the push
for an Indiana law preventing schools from starting classes before Labor Day.
Daniels: Schools likely will avoid more budget cuts
Indiana Gov. Mitch Daniels says the state's current assessment is that education funding will not have to be reduced further
after $300 million in cuts this year.
State to receive $83M in housing aid
The Treasury Department said Wednesday it will send $2 billion to 17 states that have unemployment rates higher than the national
average for a year. Indiana is due to receive $83 million. States will use the money for programs to aid unemployed homeowners.
Lugar expects to seek 7th Senate term in 2012
Republican Sen. Richard Lugar said Wednesday that he plans on seeking a seventh term in 2012 in a bid that would extend his
run as the longest-serving U.S. senator in Indiana history.
Parking rates could double under city plan
City leaders expect to select a manager to oversee parking operations within the next week.
Daniels defends stance on more federal money
Democrats are denouncing Indiana Gov. Mitch Daniels for saying that the federal government sending additional money to the
states is not a good idea — after he signed a letter in February asking Congress to extend enhanced payments to fund
Medicaid.
Indiana’s two busiest casinos see opposite trends
Indiana's two busiest riverboats each saw big swings in their business last month, with the top Lake Michigan casino seeing
an 11 percent jump in revenue and the leading boat on the Ohio River recording an equal decline.
Murphy aims to make Louisville firm big local player
The longtime state representative is merging his communications firm into Louisville-based Peritus, which has offices in five
states.
Counties brace for big tax losses next year
Indiana counties will receive $1.3 billion in income tax revenue in 2011, nearly 16 percent less than they did this year.
Marion and Hamilton counties will suffer major reductions in distributions.
Daniels: Stimulus should focus on companies, not states
Indiana Gov. Mitch Daniels said he opposes more stimulus such as aid to states to keep teachers hired and to expand credit
to small business, while favoring incentives to revive private hiring and investment.
Southwest Indiana farmers in I-69’s path upset over land offers
So far, the state has spent $20.3 million to buy 209 parcels. Another $69.7 million is budgeted for purchases through June
30, 2011.
Property shuffle aims to connect police, fire services with neighborhoods
The city plans to open police-and-fire hubs in two former IPS schools, retrofit
an Eastgate mall department store into an Emergency Operations Center, and build at least two fire stations.
State seeks to grow health plan once thought doomed
Indiana is talking to federal officials about expanding its health plan for low-income adults, despite Gov. Mitch Daniels'
statements that the federal health care overhaul would kill it.
Red Gold expanding Madison County operations
Following $5.1 million investment, the company plans to create 42 jobs by 2012 by expanding its production operations in Orestes.
Indiana state revenue falls short of projections again
The State Budget Agency reported Wednesday that Indiana collected $917 million in July, $15 million below the most recent
revenue projections.
Trustee pressing Daniels, others to return Durham’s donations
Trustee Brian Bash has sent letters to politicians who he says received a total of $900,000 in funds Durham had borrowed
from the coffers of Fair Finance, a now-bankrupt investment firm based in Ohio.
Trustee: Durham used Fair funds for gambling, donations
The bankruptcy trustee said Durham spent $2.8 million on gambling and resorts, $3.3 million on interior decorating and $14
million on real estate.
Seven cab companies denied licenses
The city of Indianapolis’ Department of Code Enforcement rejected the applications largely because the companies didn’t have
a dispatch facility or didn’t have employees to staff a facility.