Indiana

Indianapolis-based City Securities Corp. is expanding its footprint outside the Hoosier State for the first time by hiring four new professionals who will operate a new municipal housing division.

Indiana Monday issued a request for qualifications for firms interested in building a new toll collection system for the Louisville-Southern Indiana Ohio River Bridges Project.

After nearly two years of analysis, Indiana University has dropped its effort to privatize its parking system.

llinois and Indiana's plan to build a controversial $1.3 billion toll-road through public private partnerships cleared a key hurdle as an Illinois-based regional planning committee voted to include the project in the area's long-range plan.

Indianapolis will get a $1 billion new budget that wipes out a $15 million shortfall using proceeds from the sale of its utility systems.

Posey County, Ind. will remarket $1.26 billion of notes Thursday on behalf of Midwest Fertilizer Corp. ahead of plans to put a long term financing in place next year for its controversial fertilizer plant.

Indiana is looking for private companies interested in taking over its parking system and possibly building new development in downtown Indianapolis.

Moody's Investors Service hit $2.6 billion of Indianapolis Citizens Energy Group Water, Gas and Thermal and CWA Wastewater Revenue Bonds with downgrades.

Illinois' and Indiana's plan for a proposed $1.25 billion Illiana Expressway faces a new obstacle in a stinging report that warns of the greenfield P3 toll project's financial risk to Illinois.

Indiana University Health, the state's largest health care system, announced Sept. 11 that it will lay off 800 employees by the end of the year to save money.

Indiana Secondary Market for Education Loans, Inc. entered into a voluntary closing agreement with the Internal Revenue Service over $221.65 million of student loan bonds issued from 2001 through 2004. Under the agreement, the issuer made a payment to the IRS and redeemed all outstanding bonds.

Kentucky and Indiana officials set the base toll rates that drivers will pay on the $2.6 billion Ohio River Bridges Project at a special meeting Sept. 11.

A panel Thursday postponed setting tolls for the Kentucky, Indiana Ohio River Bridges Project, and the delay could affect Kentucky’s bond sale later this year.

The airport in Gary, Ind. received 10 responses from firms interested in privatizing the facility and surrounding land that stretches to Lake Michigan.

Indianapolis plans to borrow $135 million to finance a citywide infrastructure campaign through 2016, Mayor Greg Ballard announced last week.

The Louisville region is well on track toward reaching post-recession highs in employment, says the Louisville, Ky., office of the St. Louis Federal Reserve Bank.

Rising interest rates and lagging economic growth sidelined borrowers in the Midwest where issuance dipped by 12% to $34 billion during the first half of 2013 compared to the same time last year.

Indiana last week announced a shortlist of four firms that will compete for a chance to partner with the state on a $400 million interstate highway project.

The Indiana Attorney General last week said he would not investigate the controversial $4.5 billion bond-financed Prairie State Energy Campus located in southern Illinois.

Indiana Gov. Mike Pence this week tapped the director of the Hoosier Lottery to serve as the new chief of the Indiana Department of Transportation.