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 DJIA 13,288.6 -26.9 / S&P 500 1,466.8 -5.7 / NASDAQ 2,629.5 -7.6
 |  |  Tonight: Steady snow developing overnight. Low 30. Wednesday: Morning snow likely, 1 to 3 inches accumulation. High 32.
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|  Tuesday, December 4, 2007 |
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Mansur chosen as Speedway developer
Locally based Mansur Real Estate Services Inc. has been picked by the Speedway Redevelopment Commission to be master developer for the $500 million "Speed Zone" redevelopment project. Some streets will be rerouted or vacated as part of the plan to attract business, much of which is expected to be related to auto racing. Construction is expected to begin in mid 2008. 
Blog: State to double rail-trail inventory
The state has reached a deal to buy more than 150 miles of abandoned rail lines for new trails, a deal that would nearly double Indiana's 170 miles of rail-trails. The governor is expected to announce the agreement at a luncheon today. Read IBJ's real estate blog, Property Lines.
Historical Society plans $23M project
The Indiana Historical Society will pilot a series of interactive history lessons at its Indiana History Center next year before closing the facility for most of 2009 to make it more visitor-friendly. The break also will allow staff to fine-tune the new programming, part of a $23.8-million initiative dubbed "The Indiana Experience." Leaders hope the changes will help the 177-year-old organization attract a new generation of visitors. Historical Society supporters learned of the plan - and a $23.8-million fund-raising campaign to finance it - at the local not-for-profit's annual Founders Day Dinner last night. |  | | | |
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Upromise to manage state college fund
The Indiana Education Savings Authority announced yesterday that it has chosen to begin intensive negotiations with Upromise Inc. to take over the Indiana version of the 529 college savings plan. Eliminated from the competitive process are the prior manager, JP Morgan Chase & Co., as well as TIAA-CREF, Oppenheimer & Co. Inc. and Union Bank & Trust Co. of Lincoln, Neb. Upromise's proposal calls for charging about half the prior costs.
Health Systems lands investment
Health Systems International LLC has received an equity investment from Great Point Partners LLC, a private investment firm headquartered in Greenwich, Conn., that focuses on health care. The amount was not disclosed, but Great Point said today that the funding will help the Indianapolis company bankroll acquisitions. Health Systems reviews medical bills for duplicate charges, unnecessary procedures and excessive costs, and applies PPO-contracted discounts to medical claims on behalf of self-funded companies and insurance companies.
Subaru tax abatement approved
Subaru of Indiana Automotive Inc. has received approval from the Lafayette City Council for two tax abatements on more than $100 million in new equipment and real estate investments at its Lafayette plant, according to the Journal & Courier. The 10-year abatements will save the automaker nearly $1.2 million in the first year of the deal. Subaru's expansion has sparked investments in the area by other firms and industries, including Norfolk Southern Corp., which will spend $5.2 million to expand a rail yard near the automaker's plant, the newspaper reported.
Non-union workers claim 'attack' at project
Pickets at the construction site of a Hilton Garden Inn in the northwestern Indiana town of Hobart slashed 14 tires, cut a telephone line to a trailer and put glue in locks late last week, the project superintendent claims. The superintendent, Kim Lackey, also said the union-based picket line hurled racial and sexual slurs at the construction workers, many of them minorities and women. A representative of the Northwest Indiana Building Trades Council said that if violence occurred on the picket line, police should have made arrests.
Mishawaka to gain 45 auto parts jobs
Forty-five jobs from a Nyloncraft Inc. operation in Bowling Green, Ky., will be shifted to a plant in the company's headquarters city of Mishawaka in northern Indiana, the Indiana Economic Development Corp. said yesterday. Nyloncraft will invest $2 million in the Mishawaka plant and receive $150,000 in state incentives. The auto parts supplier makes plastic components ranging from vacuum distribution systems to interior trim panels. | | | |
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| Infant in foster care after suffering skull fracture
A Bloomington baby is in foster care after police say he suffered a head injury while his parents were high on marijuana. Mystica Tapp told Fox 59 that she and her boyfriend were high when the baby, who's not a month old, fell off the edge of the bed. They're now charged with neglect of a dependent resulting in serious bodily injury, and face six to 20 years in prison. Child Protective Services placed the baby in his grandmother's care.
Salvation Army seeks holiday help, donations
Officials for the Salvation Army say donations are down 4 percent from this time last year, and they've only reached 23 percent of their $2.75 million goal for the Christmas season. The organization is also seeking volunteers to work as bell-ringers.
WFYI adds digital channels
WFYI-TV Channel 20 plans to launch a digital channel that will include live coverage of the General Assembly, judicial proceedings and arts and cultural programming.
WellPoint broadens health push
WellPoint is burnishing its image at a time politicians are proposing significant reforms to the health care system.
Gatorade inventor's death recalls local links
The late Dr. J. Robert Cade, who invented the Gatorade sports drink, left a legacy in Indianapolis that included a trust that doled out tens of millions of dollars in royalties to inventors and other beneficiaries.
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