INSIDE INDIANA BUSINESS: Old GM plant to be torn down

2013-06-07T12:53:00Z 2013-06-07T18:00:06Z INSIDE INDIANA BUSINESS: Old GM plant to be torn downGerry Dick Inside Indiana Business
June 07, 2013 12:53 pm  • 

The former General Motors stamping plant in Indianapolis will be demolished. The RACER Trust, which handles redevelopment of the automaker's former properties, says the buildings on the more than 100 acres are obsolete and "a barrier" to efforts to secure new investment. The organization expects the dismantling to begin in late summer or early fall. Read More RACER Trust Redevelopment Director Bruce Rasher says the property's location is its most valuable asset.


Gas Prices Prompt More Complaints

The Indiana Attorney General's office says it has received 80 gas price-related complaints so far this month, compared to 15 in all of May. The office says Indiana currently has the fourth-highest gas prices in the nation, due in part to disruptions at seven of the Midwest's 10 largest refineries.


Auto Supplier Announces Expansion

A Japanese auto supplier is expanding operations in Franklin. NSK Corp. and NSK Precision America Inc. plan to invest more than $30 million to renovate two facilities on the Johnson County campus and add nearly 50 jobs.


Purdue Appoints Chief Global Affairs Officer

Purdue University's associate vice president for engagement is moving into a new role. Suresh Garimella has been named the university's chief global affairs officer. He will focus on partnerships with international institutions and work with the Purdue Research Foundation on relationships with global businesses. Read More Garimella tells our partners at WBAA in West Lafayette he will aim to coordinate global outreach efforts.


Sweetwater Founder Sets up Music Endowment

A Fort Wayne-based nonprofit has been awarded a $150,000 endowment from Sweetwater Sound Founder Chuck Surack and his wife, Lisa. Easter Seals Arc of Northeast Indiana says part of the money will be used to upgrade equipment for some of its music programs.


Hicks: Jobs Report Reflects Uncertainty

A Ball State University economist says the current rate of national job creation will not dig the nation out of the effects of the recession until the middle of next decade. Center for Business and Economic Research Director Michael Hicks says he is encouraged, however, by the increase in the labor force. The national unemployment rate in May ticked up to 7.6 percent.


State Revenues Miss Projections

The Indiana State Budget Agency is reporting revenues for May were $72.2 million below the most recent projections, but $17 million above collections for the same month last year. It says through the first 11 months of the fiscal year, state revenues are $64.6 million ahead of the forecast released in April.


Ball State Ends Eminent Domain Suit

Ball State University's proposal to build a $25 million hospitality center near its Muncie campus has come to a halt. The Star Press reports school leaders have decided to end eminent domain proceedings aimed at gaining the land where a print shop currently sits.


Supreme Court to Take up Rockport Plant Appeal

The battle to bring a nearly $3 billion coal gasification plant to Spencer County will be heard by the Indiana Supreme Court. Our partners at WTVW in Evansville report the state's highest court has agreed to take up an appeal of a lower court ruling that invalidated portions of the contract.


IU Health Selling Some Clinics

Indiana University Health has a deal to sell eight free-standing clinics in the Indianapolis area. Occupational health and urgent care center operator U.S. HealthWorks will acquire the assets of five facilities in the state's largest city along with properties in three other communities.


Ivy Tech Board Approves Tuition Increase

The Ivy Tech Community College Board of Trustees has approved a hike in tuition and fees. Tuition will increase $5 per credit hour during each of the next two academic years. Rates for out-of-state students will also be raised.


Survey Work Underway For Next I-69 Section

Indiana Department of Transportation crews are surveying and testing areas along State Road 37 to prepare for work on the next stretch of the I-69 expansion. The work will involve upgrades, including new overpasses and interchanges between Bloomington and Martinsville.


WTHR Hires GM Away From Competitor

Dispatch Broadcast Group, which owns WTHR in Indianapolis, has named Larry Delia the station's president and general manager. He most recently served as vice president and general manager of WXIN in Indianapolis.


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