Articles

Firms line up to find new uses for old airport terminal, other properties

The cash-strapped Indianapolis Airport Authority suddenly can’t look soon enough at developing some of its vast real
estate holdings, including the city’s former passenger terminal. This month, it plans to conduct final contract
negotiations with a firm that would study reuse of the old terminal, adjacent land and other airport holdings.

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More accurate count sought on Indiana billboards

The Indiana Department of Transportation is trying to get a better handle on exactly how many billboards sit along the state’s
highways after a federal agency found problems in Indiana and threatened to withhold $90 million.

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SEC fines former CFO of American Commercial Lines

Christopher A. Black, a former investment banker in Indianapolis and former chief financial officer of Jeffersonville-based
river barge transportation firm American Commercial Lines Inc., has agreed to pay a $25,000 fine to settle a Securities and
Exchange Commission investigation.

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City becomes hub of ‘cryo-cooling’ for truck trailers

Indianapolis is the new operating headquarters of a Ukrainian-American venture producing refrigeration units for semi trailers.
The move comes with the naming this spring of Thomas Roller as president and CEO of Ukram Industries. Roller is known locally
as former CEO of Indianapolis-based Norwood Promotional Products and of Fruehauf Trailer, which was based here in the 1990s.

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GM to add shifts at 3 sites, including Indiana

General Motors Co. will go to 24-hour operations at factories in Kansas, Michigan and Indiana to make up for production lost
due to a large-scale factory consolidation announced earlier in the year.

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