Articles

Game maker Fundex files for bankruptcy reorganization

The once high-flying Fundex is seeking to reorganize under the protection of bankruptcy as the lawsuits against the Plainfield-based company continue to pile up. Fundex lists assets of nearly $1.5 million and liabilities of $8.9 million.

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CSX passing over Avon yard, investing elsewhere

Central Indiana’s rail terminal to the world is CSX Transportation’s Avon yard, in Hendricks County. But don’t look for much in the way of rail shipments from here directly to the West Coast. The yard operates well below capacity. Meanwhile, CSX has been investing hundreds of millions of dollars in infrastructure upgrades to terminals in Ohio and farther east.

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Airport faces fiscal headwinds

The Indianapolis Airport Authority recorded a $31.3 million operating loss in 2011, a result that new board President Michael Wells believes underscores the need to find new sources of revenue.

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Airport spending millions to protect rare bats

The Indianapolis Airport Authority board has approved a $504,872, two-year contract with Indiana State University to study the federally endangered Myotis sodalis, which brings to $2.5 million what the airport has paid ISU since 2004 to track and observe the minuscule mammals.

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Far-flung areas court Super Bowl spending

Downtown will be the focal point of Super Bowl XLVI, but communities from Zionsville to Columbus are aggressively pursuing some of the money visitors are expected to shower on the region.

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Lucas Oil Raceway aims to survive NASCAR exit

Despite losing two of its five biggest events—the NASCAR Nationwide and truck races—last month, Lucas Oil Raceway is already making plans to replace those events next summer and track officials are confident it will be profitable in 2012.

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Homegrown firm creates stir with Bloody Mary mix

Hoosier Momma Bloody Mary mix started 18 months ago and already is a profitable entity available in 350 locations and six states. This month, Hoosier Momma expanded into Kentucky, thanks to a deal with national distribution giant Southern Wine and Spirits.

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