Lender bids $26 million to take over Indiana Limestone Co.
An investment firm was the only bidder for an Indiana company that supplied limestone to the Empire State Building, the Pentagon and other iconic buildings.
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Delaware County treasurer faces 46 felony counts
A prosecutor sought the removal of an eastern Indiana county treasurer from office Monday after filing charges that allege theft, official misconduct and 44 counts of not depositing public funds on time.
Muncie summer recreation site to be auctioned
The Water Bowl, a recreation site that has been used by area residents and Ball State University summer students for swimming, fishing, water skiing and camping since 1957, is going to be auctioned. The property could be converted to industrial use.
Construction season finally looms for high-end Carmel apartments
Local developer Pittman Partners and multifamily specialist Barrett & Stokely Inc. are moving forward with plans for a $35 million apartment community near the Monon Greenway in Carmel.
Body shops sue insurers, allege push to drive down prices
In a federal lawsuit, 14 Indiana auto-body shops accuse State Farm and competitors of extracting “unreasonable and onerous” concessions on vehicle repair costs.
Bloomington brewer taps Indy ad firm, French designer to recast beer labels
Upland recently hired Indianapolis ad agency Young & Laramore to help streamline and unify its varied packaging themes.
IEDC urging government bets on spec-building
The Indiana Economic Development Corp. is encouraging local governments to help finance speculative industrial buildings, which could land new businesses but could put at risk hundreds of thousands in taxpayer dollars.
State slams glass factory with record safety fine
The death of one worker and an injury to another prompted investigations at Pilkington North America’s plant in Shelbyville.
Roundup: Tasty plans for Carmel’s Main Street, plus doughnuts and more
A vacant Main Street storefront in Carmel’s Arts & Design District is set to be transformed into the tasting room for Napa Valley winery with local ties. Plus: local Thai and doughnuts, and chains galore.
Anderson businessman pays $7.9M for prime farmland
More than 800 acres of prime farmland in Delaware and Madison counties sold during open bidding on Tuesday for $7.9 million.
Low-profile, high-volume graphics business growing in Fortville
PlaqueMaker.com plans to invest as much as $3 million to expand its Fortville operations, building and equipping a 42,000-square-foot facility and nearly doubling its staff by the end of 2018.
Approval for $22M sports complex sought in Greenwood
The project by Sarasota-based GoodSports Enterprises would include a 124-bed hotel and an attached 85,000-square-foot fieldhouse, built on the land once targeted by Cabela’s.
Revamped hotel key to Muncie revitalization efforts
The 91-year-old Roberts Hotel building has undergone a $17 million renovation that created the 83-unit Lofts at Roberts development. The project was crucial to the city’s ability to attract a new downtown hotel.
Ex-owner of troubled dental clinic pleads guilty to tax evasion
The former owner of a central Indiana dental clinic being investigated for Medicaid fraud has been sentenced to two years in federal prison for not paying more than $850,000 in taxes.
Lessons learned in the northern ‘burbs
IBJ’s experiment with place-based business news couldn’t have come at a better time—just as the fast-growing communities north of 96th Street began to emerge from the depths of the recession and look to the future.
Reservoir opponents warn of impact on rare wetland
Kevin Tungesvick, a local restoration ecologist, said the proposed $350 million Mounds Lake Reservoir would inundate the Mounds Fen State Nature Preserve, which features a wetland that formed following the last ice age.
Noblesville bakery-cafe setting up shop in Zionsville
Rosie’s Place, a popular downtown Noblesville café and bakery, plans to open a second location this year in Zionsville’s Village business district. Its expanded kitchen will serve as a production hub for Rosie’s wholesale goodies.
Drivers brace for U.S. 31 closure near Indianapolis
Residents and businesses in the northern suburbs of Indianapolis are preparing for the start of an eight-month closure of U.S. 31 as part of the project upgrading it to interstate standards.
Beck’s Hybrids planning to expand headquarters operation
The growing family-owned seed company had been working with Hamilton County officials on incentives. An economic development announcement with state officials is planned for Wednesday morning.
Study: Downtown Zionsville needs more restaurants
Downtown Zionsville merchants produce an estimated $21.9 million in annual sales, or about 9 percent of the town’s total spending power, according to a market-share analysis. The suggested goal: 13 percent.