The owner of the Indy Eleven soccer team has made his case to members of the House Ways and Means Committee for a state-financed, $87 million stadium. Ersal Ozdemir says season ticket demand has been higher than he expected, and limited capacity at IUPUI's Michael A. Carroll Track and Soccer Stadium has forced the team to cut off sales. He says sports and entertainment events at an 18,500-seat stadium could generate millions of dollars in income. The committee did not vote on the issue, but may take it up again next week.
Economic Group Touts Record-Breaking Year
The director of economic development for Greater Lafayette Commerce says 2013 results were "way beyond" expectations. Jody Hamilton says the area tallied more than $1 billion in capital investment last year.
I-65 Project Hits Snag
An interchange planned for Johnson County will not begin as soon as expected. The Indiana Department of Transportation is continuing negotiations with some land owners affected by the proposed I-65 exit in Greenwood.
Hiring Event Coming to South Bend
WorkOne Saint Joseph County has scheduled a hiring event next week in South Bend. It will involve Mosaic, which is a nonprofit agency that deals with persons with intellectual disabilities.
Former Colt to Speak at Commencement
A former Indianapolis Colts All-Pro will deliver Trine University's commencement address. Jeff Saturday will be the featured speaker at the May event.
Kroger Details Big Education Initiative
The Kroger Co.'s Central Division in Indianapolis is planning to pump nearly $4.9 million into education efforts over the next three years. The money will support initiatives including scholarships, STEM education grants and summer programs.
Weather Causes Dip in Building Permits
The Builders Association of Greater Indianapolis is reporting its first monthly decrease in the number of new, single-family building permits in a year-and-a-half. The nine-county organization says 300 permits were issued last month, which is slightly fewer than a year earlier.
Gift Launches Law School Fellowship
The Indiana University Robert H. McKinney School of Law has received a $200,000 donation from and Indianapolis-based law firm. The gift from Cohen & Malad LLP will be used to establish a fellowship involving consumer law.
Mall Selects New GM
University Park Mall in Mishawaka has named Ryan Ginty general manager. The center, which is owned by Indianapolis-based Simon Property Group Inc. (NYSE:SPG) is currently undergoing a multi-million dollar renovation.
Community Health Announces Several Executives
Indianapolis-based Community Health Network has named four regional leaders. The new appointees include Sue Sandberg, who will serve as chief operating officer for Community's North Region.
Strong Demand Boosts Drew Industries Sales
Elkhart-based Drew Industries Inc. is reporting record 2013 net sales of more than $1 billion, an increase of $114 million over the previous year. Chief Executive Officer Jason Lippert says 2013 demand for RVs was the strongest since 2007.
Supreme Full-Year Profit Slips
Goshen-based Supreme Industries Inc. (NYSE: STS) is reporting 2013 net income of $6.4 million, down from $11.8 million in 2012. Chief Executive Officer Mark Weber believes last year's decision to divest its shuttle bus business will result in better operating efficiencies.
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