Articles

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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Ex-airport CEO getting lofty departure pay

Globetrotting John Clark, who stepped down from his job March 19, will receive $270,000, plus unearned vacation days, as part of his severance package from the Indianapolis Airport Authority.

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Clark leaves suddenly as airport chief

Recently appointed airport board president Mike Wells said the parting of ways came after he and Clark met Monday afternoon. The move follows an IBJ report on $67,000 in travel expenses for airport executives in 2011, and Wells' plans to tighten oversight.

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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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