Articles

Obscure not-for-profit covering shortfalls in Carmel

The Carmel City Center Community Development Corp. has emerged as a key player in the city’s burgeoning downtown. The not-for-profit 4CDC last month gave the performing arts center $1 million to cover its operating expenses, and it’s expected to provide another $4.5 million through June 30.

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EnerDel parent dismantles executive team

Ener1 Inc., the struggling parent company of Indianapolis-based advanced-battery maker EnerDel, continued its tumultuous year by naming a new CEO, president and chief financial officer.

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Ohio River bridge shutdown shrinks casino payments

The closure of Interstate 64's Sherman Minton Bridge linking New Albany and Louisville has reduced profit-sharing revenues paid by a southern Indiana riverboat casino to two counties and will delay officials from repaying $8 million to a foundation.

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Court case might roil not-for-profit tax rules

A Bartholomew County not-for-profit affordable housing development group is preparing to fight in Indiana Tax Court a denial of its property-tax exemption. The denial has put the organization
$200,000 in debt and its rental homes in danger of tax foreclosure.

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Carmel free clinic drawing jobless professionals

Trinity Free Clinic in Carmel began in 2000 to serve a growing Hispanic immigrant population. Since the latest recession, so many people—including unemployed professionals—have found their way to the clinic that the portion of white patients has grown from one-third in 2008 to 47 percent last year.

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Ortho firms pull back on doc payments

The number of payments in excess of $1 million didn’t change substantially from year to year, but orthopedic companies sharply cut their fees to surgeons who received the smallest amounts.

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