Indianapolis-based Flaherty & Collins Properties is planning to construct a 28-story tower on part of the former Market Square Arena site. Work on the $81 million project is expected to begin next spring and could be complete in 2015. The proposed development includes 300 apartments, retail space and 500 parking spots. Indianapolis Mayor Greg Ballard says the development represents renewal that "few other cities" in the nation are experiencing.
Columbus Company Plans $11 Million Project
A high-tech testing company in Columbus will go before the city council this evening to ask for tax abatement on an $11 million expansion. CyberMetrix Inc. is looking to build a massive engine testing facility. The company currently employs around 40 in the Bartholomew County city.
Bridge Demolition Delayed
Indiana and Kentucky transportation officials say conditions on the Ohio River have forced the delay of the demolition of the old Milton-Madison Bridge. Crews now plan to take down the first section of the bridge Thursday.
Global Ranking: Colts Gain in Value
A national publication's annual list of the 50 most valuable sports teams in the world suggests the Indianapolis Colts franchise is more valuable than last year. Forbes estimates the team is worth more than $1.15 billion dollars, up from $1.06 billion in 2012.
Religious Event Brings Hundreds to Fort Wayne
Approximately 750 people have come to Fort Wayne this week for the 2013 Missionary Church National Conference. Visit Fort Wayne estimates the four-day conference will have an economic impact of nearly $700,000.
Head of UE's British Campus to Retire
The head of the University of Evansville's British campus has announced retirement plans. Gordon Kingsley will step aside next July after more than 10 years leading Harlaxton College.
Health IT Company Lands Funding
An Evansville-based health information technology company has secured funding from Elevate Ventures. Curvo has developed a system to allow medical facilities and device companies to share information and potentially lower costs.
Governor to Present Awards During Black Expo
Governor Mike Pence will honor several Hoosiers for community service during a ceremony this afternoon at the Indiana Black Expo Summer Celebration in Indianapolis. The Governor's Awards for Achievement will include the 2013 Sam Jones Trailblazer Award.
Executive Leadership Series Announces New Class
A program designed to enhance the leadership skills of more than two dozen young professionals has announced its 2013 class. This year's Stanley K. Lacy Executive Leadership Series will include central Indiana participants from industries including tourism, technology and health care.
Community Research Institute Names Director
IPFW has named Ellen Cutter director of the Community Research Institute. She recently served as a principal of a Georgia-based work force development consulting firm.
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