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.
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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.
New parking meters bring in $1M for Bloomington
The meters were approved a year ago amid protests from business owners who feared their long hours would deter customers and hurt their revenue.
Defunct Zionsville bakery files for bankruptcy protection
The owner of a now-shuttered Zionsville bakery filed for bankruptcy protection last month and asked the court to stop a previous tenant from selling off property left behind when its storefront closed in January.
Mass transit bill creates fuzzy path forward
Local governments finally have the authority to build a mass-transit system, but they also have work to do and questions to answer before they can ask voters to pay for new rapid-transit lines and expanded bus service.
GE engine plant’s future riding on new technology
Nothing less than the future profitability of commercial airlines rides on the jet engine that GE Aviation will assemble in Lafayette.
Buckingham rethinking plans for prime Zionsville site
Buckingham Cos. says it is still weighing options for a key property it controls in downtown Zionsville, but two nearby landowners are trying to sell their parcels after talks with the developer broke down.
Bloomington council backs Habitat neighborhood
The Bloomington City Council is giving permission to a Habitat for Humanity group to develop a neighborhood with 35 homes.
Entrepreneur’s events aim to appeal to new, growing families
After launching (and selling) four businesses in eight years, serial entrepreneur Jenn Kampmeier is at it again. She’s debuting a mini trade show for new and expectant parents in Carmel next month.
Pence signs bill allowing counties to vote on transit expansion
Officials in six central Indiana counties have the go-ahead to seek voter permission to fund a regional bus system.
Clock is ticking on Wigwam’s future
Organizers of an effort to save Anderson’s iconic Wigwam gymnasium are lining up accredited investors and appealing for community support through a campaign on crowdfunding site GoFundMe.com.