Preparations have begun to raze the vacated Indianapolis International Airport terminal. The nearly 800,000 square-foot complex has been closed since 2008, when it was replaced by the current Midfield Terminal. The Indianapolis Airport Authority believes the project will yield a shovel-ready site that can be more easily marketed to developers. Senior Director of Commercial Operations Michael Huber says many potential partners want the building to come down to move development forward.
Construction Starts on Downtown Bloomington Hotel
Two Indiana companies have started construction on a 172-room hotel in downtown Bloomington. White Lodging Services Corp. and REI Real Estate Services say the development should be open in July 2014.
Zimmer Announces Staff Reductions
Warsaw-based Zimmer Holdings Inc. has parted ways with nearly 50 employees. In a statement, the medical device maker says the move is a result of "transformation initiatives" that have led to more efficient product development programs.
College Basketball Coming to State Fairgrounds
IUPUI's men's basketball program has inked a deal to play home games at the Indiana State Fairgrounds Coliseum. The five-year contract will begin with the 2014-2015 season. The Jaguars will be a primary tenant of the building, which is undergoing a $63 million renovation set to be complete next year.
Broadcaster Receives 'Key to The Fort'
A Fort Wayne broadcasting legend has been honored with a "Key to the Fort." Mayor Tom Henry made the presentation to Bob Chase, who has just completed his 60th season as the radio play by play voice of the Fort Wayne Komets hockey team.
Indy Chamber Forms Search Committee
The Greater Indianapolis Chamber of Commerce has formed a search committee to find a replacement for outgoing Chief Executive Officer Scott Miller. Indianapolis Power & Light Co. Vice President Greg Fennig will chair the committee, which hopes to focus on candidates in central Indiana.
Classic Cars to be Auctioned in Auburn
More than 500 collector cars are expected to be on the block during this week's Auctions America Auburn Spring sale. Bidding will run through Saturday at the Auburn Auction Park in DeKalb County.
Society Looks to Take Over Zoo
The Potawatomi Zoological Society hopes to take over management of the Potawatomi Zoo in South Bend. The South Bend Tribune reports the organization has drafted a proposal for a public/private partnership to operate the zoo, which is currently run by the city.
Race Teams Enter Health Partnerships
Two Indianapolis area racing teams have announced partnerships with health systems in the state. Indiana University Health is now the official sports medicine provider for Andretti Autosport, while Community Health Network will lead an employee wellness program for Sarah Fisher Hartman Racing.
Emmis Reports Major Swing to Profit
Indianapolis-based Emmis Communications Corp. (Nasdaq: EMMS) is reporting a fiscal fourth quarter profit of $4.3 million, compared to a loss of $18.2 million during the same period a year earlier. The company's full fiscal year profit was $42 million, compared to $79.5 million the previous year. Chief Executive Officer Jeff Smulyan says Emmis significantly outperformed its radio markets and the rest of the industry.
Kokomo Mayor, Superintendent Receive Inaugural Awards
Two high-profile leaders in Kokomo have been awarded Chancellor's Medallions from Indiana University Kokomo. Mayor Greg Goodnight and Kokomo-Center Schools Superintendent Jeff Hauswald were presented the inaugural honors by the university's Interim Chancellor Susan Sciame-Giesecke.
For more Inside Indiana Business, visit www.insideindianabusiness.com.