Last UpdatedFRI., JULY 25, 2014 - 5:03 PM

BidPal sees changes at top, cuts workforce

12:28 pm
BidPal Inc., one of the Indianapolis-area’s fastest-growing companies in recent years, has reduced its workforce by 25 percent and is looking for a replacement for longtime CEO and local tech titan Scott Webber.More.

UPDATE: Four doctors arrested in clinic raids04:46 pm

Associated Press
Dr. Larry Ley, 68, of Noblesville, was being held on $1 million bond on drug-dealing charges in Hamilton County Jail. A dozen additional suspects, including three other doctors, were either under arrest or being sought by police.More.

Indianapolis pulls future support for Amtrak line12:35 pm

City officials in Indianapolis have cast the future of an Amtrak passenger line between Indianapolis and Chicago into doubt after deciding not to provide any additional money to subsidize the line.More.

Carmel residents balk at sewer-overflow tank planned next to church12:23 pm

Dennis Barbosa
The Clay Township Regional Waste District has made a $106,800 offer to King of Glory Church to buy land for the above-ground tank, which would be the size of a one-story McMansion.More.
JULY 21-27, 2014
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Drone startup off to flying startRestricted Content

Two friends and drone enthusiasts in 2012 hatched the idea, as a side gig, to build flying devices small enough to fit in a briefcase. But the idea shifted to a full-scale manufacturing operation that will launch in mid-August and is projected to produce up to $10 million in revenue next year.More.

Former newspaper editor now telling stories on screenRestricted Content

Documentary filmmaker Ted Green recently completed production of “Bobby Slick Leonard: Heart of a Hoosier,” a 90-minute documentary that will debut at Bankers Life Fieldhouse July 29.More.

HHGregg ready to dust off, ramp up Fine Lines conceptRestricted Content

HHGregg's high-end-appliance Fine Lines stores are shifting into the spotlight as the struggling retailer looks for ways to offset declining consumer electronics sales.More.

Kite CEO 'not afraid to continue to grow'Restricted Content

In an interview with IBJ, Kite Realty Group Trust CEO John Kite discusses the $1.2 billion acquisition of Illinois-based Inland Diversified Real Estate Trust, potential redevelopment of Pan Am Plaza and its hopes to keep a branch of the Indianapolis-Marion County Public Library at Glendale Town Center.More.

Want to lease a Lamborghini in Indy? Good luckRestricted Content

There is little appetite for spending 'stupid money' in Indianapolis, or just about anywhere in the Midwest, for that matter.More.

Q&A: Ron Spencer

After more than 250 productions, Theatre on the Square's executive artistic director exits with a look back.More.

EDITORIAL: Hogsett could spark debateRestricted Content

Joe Hogsett’s July 14 announcement that he’ll step down as U.S. attorney for the Southern District of Indiana at the end of the month renewed speculation that he will run for mayor of Indianapolis next year. And to that prospect we can only say, bring it onMore.

BROWNING: How to fix Broad Ripple

It is a tragedy that the senseless shootings in Broad Ripple earlier this month might define one of the most important destination districts in Indianapolis.More.

Hicks: Falling state income tax revenue is bad omenRestricted Content

Nationally, from July through September 2013, growth in state income tax collections slowed appreciably. Only a few states were spared, and here in Indiana they actually shrank slightly, as they did in five other states.More.

WFYI isn’t unbiasedRestricted Content

Anthony Schoettle’s [June 23] article “Less news, more talk” bemoans the loss of Steve Simpson and states, “With Simpson’s departure, the only local station that still employs non-opinion-oriented news hosts is WFYI.”More.

City marshals $400,000 for Monument Circle events, projects

The city, National Endowment for the Arts and Central Indiana Community Foundation have contributed to the plan for expanding amenities, activities and attractions on the Circle.More.

Spec distribution center fully leased in AnsonRestricted Content

A joint venture between developers Browning Investments Inc. and Duke Realty Corp. announced July 15 that Chattanoogo Tenn.-based Kenco, a third-party logistics provider, has taken the remaining 257,000 square feet.More.

Emmert paid $1.7 million as NCAA revenue increases

Monday’s tax filing comes as the NCAA faces unprecedented scrutiny, including a handful of lawsuits and an effort by Northwestern University football players to form college sports’ first player union.More.

People in the news - July 21, 2014

People listings are free.More.

Hospitals' occupancy declining over long termRestricted Content

Advances in non-invasive surgeries, changes in health care financing and now increasingly price-sensitive patients accelerate what has been a 40-year decline in the number of patients spending the night in hospitals.More.

Suit tests INDOT policy of charging for highway repairsRestricted Content

A trucking company is challenging the Indiana Department of Transportation’s authority to sue for damage to state property, a lawsuit that could affect thousands of motorists and millions of dollars in revenue.More.

Financial planner parlays meals for clients into money lessonsRestricted Content

Joe Clark says the two things that seem to matter to people the most are food and money. He has found a way to combine the two, cooking for client families in their homes once or twice a month as he answers questions and gets to know them better.More.

Competition soars at Indianapolis-area airportsRestricted Content

An airport near Zionsville is upping the ante for Indianapolis International Airport reliever fields.More.

LOPRESTI: With a few quick pen strokes, Pacers fans have new enemies

In a league where rivalries come and go, Cleveland has target on its back. So does Stephenson.More.

DINING: Newcomer Union 50’s creativity marries cuisines

Mass Ave around the intersection of Massachusetts Avenue and East Street has been bursting lately with new dining options. Here's the latest.More.

MAURER: Bob Lauth persevered and wonRestricted Content

Developer comes out on top after recession, legal battle with investor.More.

RUSTHOVEN: Lawsuit could rein in Obama overreachRestricted Content

Speaker John Boehner’s plans to have the House file a lawsuit challenging President Obama’s refusals to enforce federal laws has elicited predictable derision in liberal and media circles (which overlap on a Venn diagram).More.

Kim: Midterm election years challenging for stocksRestricted Content

A persistent seasonal anomaly for stocks is the “presidential cycle,” a pattern of performance coinciding with various years of a presidency.More.

More taxes to fund copsRestricted Content

The idea of more police is a great idea. However, the idea to take away the homestead exemption to fund it shows how out of touch the politicians are. Removing the exemption only places the onus on homeowners.More.

Lilly reaches multiyear agreement to sponsor IMS race

The race, which takes place the day before the annual NASCAR Brickyard 400 race at IMS, will be called the Lilly Diabetes 250.More.

Convenience stores remount challenge to cold-beer laws

Convenience stores in Indiana are appealing a decision from a federal judge in June that continued to prohibit them from selling cold beer.More.

PROXY CORNER: Vectren Corp.Restricted Content

Evansville-based Vectren Corp. provides electricity and natural gas to residential, commercial, industrial and other contract customers in Indiana and Ohio.More.

Records - July 21, 2014

Records listings from the July 21, 2014, issue of IBJ.More.

Executive pay continues on upswing

The median senior executive collected $923,705 in salary, stock or stock options, incentive pay and perks in 2013, IBJ found in a review of proxy statements at 64 companies.The median compensation rose 20 percent from 2012 and doubled since 2006.More.
landrop-1837-albany01-2col1.jpg 1837 Albany Street

City bans bulk land-bank sales after lopsided deal with not-for-profit

Indianapolis last year sold 154 properties from its land bank for $1,000 each to a novice not-for-profit, which immediately flipped them for a total $500,000 profit. More than a dozen have changed hands multiple times since then, making investors more than $1 million. (with interactive map)More.
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Crean, Painter contracts packed with rewards for postseason success

Indiana University Coach Tom Crean and Purdue University Coach Matt Painter cash in big time when their teams perform well, especially in postseason play.More.
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BioCrossroads has stoked state's life sciences industry, but challenges remainRestricted Content

In the 10 years BioCrossroads has been promoting life sciences in Indiana, the effort has netted more than 330 new companies, an infusion of more than $330 million in venture capital, a tripling of exports, and a growing number of mentions in national reports on life sciences.More.
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Pro athletes' charities often have limited life spansRestricted Content

Wealth and fame often lead professional athletes to share their success in the charitable arena, but those efforts rarely last much longer than their careers as the organizations struggle to survive in an already-crowded philanthropic field.More.
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CEOs see stock windfall after market crashRestricted Content

Executives at Indiana’s public companies got rich in the down-and-up market, even when investors didn't. CNO Financial's Jim Prieur, for example, received stock grants now worth $4.4M, despite share prices that are 40 percent lower than three years ago. With searchable database.More.
reform-license1new-2col.jpg Indy Met teacher Eric Nentrup went through a transition-to-teaching program.

New laws hang teacher pay on performance

Charters and vouchers may have sparked the loudest education-related protests before the Legislature this year, but changes to teacher evaluations are likely to have the biggest impact on Indiana’s public schools.More.
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SPECIAL REPORT: Indiana companies charge into China

With economic growth in the United States sluggish, Indiana companies are joining the race to capitalize on the fast-growing Chinese economy—even as hundreds of millions of Chinese move into the middle class and adopt a Western-style thirst for goods and services.More.
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Dual roles give Bess unusual view into schools

Bess Watch VideoAs a Danville school board member and superintendent of Indianapolis Metropolitan High, Scott Bess is straddling the increasingly contentious chasm between traditional public schools and privately operated charters.More.
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City vendor may get $1.2B from parking-privatization deal

The pitch from Mayor Greg Ballard’s administration to privatize the city's parking meters is compelling, but the proposal to sell the meters to Dallas-based Affiliated Computer Services Inc. has the city giving up more in the long run than is immediately apparent.More.
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Soft Landing: Pay slipped for most execs in 2009, but cuts weren't deep

Top executives at Indiana's public companies have largely been insulated from the economic crash. IBJ's review of executive pay found that, although 131 of the 238 executives listed in proxy statements the past two years saw annual compensation fall in 2009, only 10 experienced cuts of more than $1 million.More.
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Brizzi's lease deals benefited friend, donor

Records show Marion County Prosecutor Carl Brizzi directed lucrative work for the Prosecutor's Office to his friend, business partner and political contributor John Bales.More.

Half of state's public-company CEOs saw pay rise in 2008

For investors, 2008 was the worst year since the Great Depression. Even so, more than half of the state's public-company executives saw the value of their pay packages rise from 2007—despite the fact that only 10 of the companies posted a positive total return in 2008, and 46 companies shed more than one-third of their stock market value.More.

Simon family's interests helped city thrive, but taxpayers paid the price

The Simon family's role in building the city has come at a steep price for taxpayers. Simon and its business interests in the last 20 years have collected local government incentives worth more than $400 million, an IBJ tally of those deals shows.More.

Indianapolis shows up peer cities in attracting the young and educated

Cities must woo people while they’re young—in their 20s or early 30s—because after that age, people tend to hunker down. The Indianapolis area apparently appeals to at least two key groups of young people—particularly those already married, according to a new study by researchers at IUPUI.More.

IUPUI faces tough decisions over aging sports facilities

IUPUI is grappling with how to pay for upkeep and improvements necessary to keep its three world-class athletic facilities—and the city—in the hunt for high-profile sporting events.More.

SPECIAL REPORT: Center Township trustee taps taxpayers for millions

At an aging building at 863 Massachusetts Ave., they pass through a metal detector and wait in line to show a clerk their identification and copies of overdue bills. Center Township Trustee Carl Drummer sometimes helps. The Trustee's Office received an average of $6.9 million each of the last seven years, mostly from taxes, to provide poor relief-now known as township assistance. But only about $2 million reached the penniless each year, with much of the difference covering administrative overhead....More.

Critics question trustee's property portfolio given mission to help needy

Center Township has real estate holdings worth more than $10 million, according to IBJ research. The township's robust real estate portfolio—highly unusual for an Indiana township—fits Trustee Carl L. Drummer's vision for his taxpayer-supported office. But it makes others see red.More.
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Special Report: City's building spree leaves trail of spoilsRestricted Content

Mayor Greg Ballard takes pride in Rebuild Indy, the city’s nearly $400 million program that doubled the volume of public works projects—and became engineering and construction firms' largest business opportunity with the city in more than a decade.More.
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SPECIAL REPORT: Stock-based pay builds wealth for Indiana execsRestricted Content

IBJ's annual review of proxy statements for Indiana public companies found senior executives' median compensation rose 14 percent in 2011. But that analysis uses the fair market value of stock and options awards on the date they were granted. If a company's stock price surges, executives can make out far better. (with searchable database)More.
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Airport execs' globetrotting sparks scrutiny

Indianapolis Airport Authority CEO John Clark and two key officers spent more than $67,000 last year on travel that included extended business trips to Brazil, Denmark, Greece, Morocco and Switzerland.More.
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Warnings about broker's tactics went unheeded

Several state employees openly questioned how John Bales' real estate brokerage did business long before the FBI launched an investigation that led to his indictment.More.
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Critics: City's effort to help ex-offenders ineffectiveRestricted Content

Three years after Indianapolis Mayor Greg Ballard launched a city office designed to help ex-offenders avoid a repeat prison visit, some of those original supporters say the city’s Office of Re-Entry Initiatives not only has fallen short of that goal but has accomplished little else.More.
reform-license1new-2col.jpg Indy Met teacher Eric Nentrup went through a transition-to-teaching program.

Reform law gives charters leeway to hire unlicensed teachers

Legislation that expands charter schools in Indiana also could increase the number of teachers at those schools without licenses, making it easier for educators like Eric Nentrup to take non-traditional paths to the classroom.More.
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Controversy brews over judging charter performance

There is little agreement—but lots of politics and complex statistics—on how to define success and failure in Indiana’s public schools.More.
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Partisan divide could threaten long-term education reform

Indiana’s Republican-controlled Legislature will likely pass the bulk of education-reform measures being pushed this year by party heavyweights, but partisan rancor could threaten the long-term prospects for a sweeping overhaul of the state’s public schools.More.
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Charter school's nimble approach could become the norm

Indianapolis Metropolitan High School implemented a school-wide overhaul in its educational approach in only three months. The charter school might be the face of the future for all Indiana public schools.More.
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Bond swaps cost city units $93M in penalties

Wall Street bankers for decades sold municipalities like Indianapolis on debt instruments called swaps as a safe way to reduce borrowing costs and hedge against rising interest rates. In reality, the swaps were complicated bets that relied on misguided assumptions, and taxpayers paid.More.
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SPECIAL REPORT: Brizzi ordered lenient deal for business partner's client

Marion County Prosecutor Carl Brizzi last year intervened in a major drug case to offer a reduced sentence over objections from both law enforcement officers and his own deputy prosecutors.More.
durham-big-pic.jpg Tim Durham

Related-party loans pile up at Durham-owned finance firm

Indianapolis businessman Tim Durham has treated Ohio-based Fair Finance Co. almost like a personal bank since buying it seven years ago, and now he, his partners and related firms owe it more than $168 million, records show.More.

Grad students dream up plans for mass transitRestricted Content

Architecture and urban design students from Ball State have created a vision for urban renewal that is arguably more compelling than the Central Indiana Regional Transit Authority's principal, utilitarian goal of reducing northeast-side highway congestion and air pollution by running a diesel commuter train atop the old Nickel Plate Railroad corridor.More.

Hospitals suffer from spiking bond interest rates, investment lossesRestricted Content

Indianapolis-area hospitals have suffered a double whammy of spiking interest rates on their bonds and heavy losses in their investment portfolios and are trying to save cash any way they can.More.

SPECIAL REPORT: Charter Homes draws scrutiny for odd sales claims, multiple liens

Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its rampant crime, boarded-up homes and vacant lots. But as he’s constructed a slew of homes and carriage houses there, the local builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.More.

At most Indiana public firms, CEO pay hasn't fallen with stockRestricted Content

Most public companies say they tie executive compensation to performance, but an IBJ review of pay data from 65 Indiana-based firms shows otherwise. Last year, more than two-thirds of Indiana-based public companies saw their share prices decline, yet many continued to award eye-popping compensation to their executives.More.

SPECIAL REPORT: Financial travails dog 'mystery man' at helm of Premier Properties

An IBJ review of hundreds of pages of public records shows Christopher P. White and his Premier Properties USA Inc. are facing major financial and legal challenges. The most glaring signs of trouble: Contractors have filed more than $3.5 million in liens against Premier’s retail properties in Plainfield; the state of Indiana is trying to recover $375,000 in sales taxes on White’s airplane; and the contractor who renovated his Lake Clearwater mansion is suing him to recover more than $600,000 in unpaid bills.More.

IRSAY'S ODYSSEY: Owner learned from life in NFL to build winning team

The Indianapolis Colts' evolution from perennial patsy to Super Bowl favorite is a body of work with a seldom-told—and often misunderstood—history. It's easy to see the hues all-pros Peyton Manning, Marvin Harrison and Edgerrin James painted on this masterpiece season. President Bill Polian and Coach Tony Dungy certainly colored the landscape. And Offensive Coordinator Tom Moore added his creativity. But theirs aren't the only signatures on this canvas.More.
Last UpdatedFRI., JULY 25, 2014 - 5:03 PM

UPDATE: Four doctors arrested in clinic raids04:46 pm

Dr. Larry Ley, 68, of Noblesville, was being held on $1 million bond on drug-dealing charges in Hamilton County Jail. A dozen additional suspects, including three other doctors, were either under arrest or being sought by police.More.

State sells $244 million in bonds for I-69 segment10:22 am

The project will upgrade Indiana 37 to interstate standards. It's part of the I-69 extension that will connect Indianapolis and Evansville.More.

Kokomo airport runway extension almost completed05:55 am

Pushing the pavement to 6,000 feet is intended to accomodate larger, corporate jets.More.

Feds cap fines for not buying health insurance

Federal researchers predict that about 4 million people, including dependents, could be hit with fines by 2016.More.

Judge rules against residents in suit over hog smell

A judge has ruled state law protects four large hog farms from lawsuits filed by residents of an eastern Indiana county who complained about waste and foul smells from their operations.More.

Street performers to make debut in Indianapolis

A special project aims to foster the art of street performance in downtown Indianapolis. The project is being promoted by the Arts Council of Indianapolis, Indianapolis Downtown Inc. and arts group IndyFringe.More.

Sierra Club wants Indianapolis coal plant closed

The Sierra Club is pressing Indianapolis' local utility to retire an aging coal-fired power plant that's slated to continue burning coal for at least two more decades.More.

Job fairs help Duke Energy fill its talent pool

The average age of the line technicians who work for Duke Energy Corp. is between 50 and 55 years. Enduring an influx of retirements before it's able to restock its work force with field-ready technicians is a genuine concern.More.

Dueling rulings: Courts split on health law clash

President Barack Obama's health care law is snarled in another big legal battle, with two federal appeals courts issuing contradictory rulings on a key financing issue within hours of each other Tuesday.More.

Lawmakers approve pair of new license plates

A panel of state lawmakers on Tuesday approved license plates recognizing the Indy 500 and Abraham Lincoln under a new system clamping down on the number of special license plates on the road.More.

IU business school expansion nearing completion

Started in May 2012, the 90,000-square-foot expansion on four stories adds classrooms, meeting spaces and career training offices to the undergraduate business building in Bloomington.More.

Western Indiana health care system announces cuts

A health care system that includes a Terre Haute hospital says it will cut 150 jobs by the end of the year.More.

Prosecutors: Expungement law has good, bad sides

An Indiana law allowing some criminals to have their records expunged is drawing mixed reviews from judges and attorneys, who say parts of the law don't make sense.More.

Security to be tight at Expo this weekend

Indianapolis officials are taking extra steps to ensure safety at Indiana Black Expo's Summer Celebration in a year that has seen a surge in homicides.More.

Top NCAA hoops official retiring after 2015 season

John Adams, 65, the head of college basketball officiating, will retire following April's national championship game in Indianapolis.More.

Candidates raise, spend little in quiet election cycle

Indiana's 2014 election cycle may lack the marquee battles of two years ago, but candidates are still collecting dollars ahead of November's elections.More.

IU says no victims reported in data breach

Data including names, addresses and Social Security numbers of those who attended IU from 2011 to 2014 was unsecured for more than 11 months because protections weren't working correctly.More.

Unemployment applications drop to lowest level in 7 years

The numbers suggest a strengthening job market, especially since hiring is at its healthiest clip since the late 1990s, and the 6.1 percent unemployment rate is at a 5 1/2-year low.More.

UPDATE: Microsoft to cut up to 18,000 jobs in next year

The layoffs were double what Wall Street was expecting after the computing giant's CEO altered course last week. The firm had just completed its acquisition of Nokia's devices business in April.More.

GM planning $27M investment in Bedford plant

The automaker filed a tax abatement request for the Bedford factory project, saying it would add about 40 jobs and raise the plant's employment to some 650 workers.More.

Study: U.S. millennials buying homes later in life

The number of first-time homebuyers in May was near record lows at 27 percent, versus a historic average of 40 percent.More.

Indiana sues county over I-69 noise ordinance

The Indiana Department of Transportation is suing the commissioners of a southern Indiana county, saying they have no authority to limit construction of the Interstate 69 extension near Bloomington with an ordinance that restricts overnight noise.More.

Convenience stores remount challenge to cold-beer laws

Convenience stores in Indiana are appealing a decision from a federal judge in June that continued to prohibit them from selling cold beer.More.

South Bend council rejects smoking ban for bars

By a 5-4 vote, South Bend failed to join major Indiana cities such as Indianapolis and Fort Wayne that go further than state law to prohibit smoking inside taverns.More.

Court to hear gay marriage arguments in August

A federal appeals court in Chicago will hear arguments in challenges of gay marriage bans in Wisconsin and Indiana's on Aug. 13.More.

Indianapolis pulls future support for Amtrak line12:35 pm

City officials in Indianapolis have cast the future of an Amtrak passenger line between Indianapolis and Chicago into doubt after deciding not to provide any additional money to subsidize the line.More.

Holiday World plans $22 million winged roller coaster06:28 am

The Holiday World amusement park in southern Indiana is building a new $22 million roller coaster that it says will launch riders to 60 miles an hour in 3.5 seconds, with a 14-story loop and four inversions.More.

Obama wants limits on U.S. company mergers abroad

President Barack Obama on Thursday demanded "economic patriotism" from U.S. corporations that use legal means to avoid U.S. taxes through overseas mergers.More.

Indiana receives 245 children caught at U.S. border

The U.S. is battling a surge in the number of unaccompanied children who have been fleeing violence in Central America and crossing into the U.S. because they believe they will be allowed to stay.More.

NCAA enforcement director defends investigators

Two days after Big 12 Commissioner Bob Bowlsby called the NCAA enforcement system overwhelmed and "broken," the Indianapolis-based NCAA's top cop fired back.More.

Lake County judge strikes down Indiana right-to-work law

Indiana Attorney General Greg Zoeller said he will ask for a stay to prevent the decision from taking effect immediately. A similar case is already pending before the Indiana Supreme Court.More.

Blood tests for DWI cases costing Hancock County

In drunken-driving cases, the same tests prosecutors say have become necessary to successfully convict are also draining an important county budget.More.

Steel demand feeds shipping boom in Indiana

The automotive industry is behind the increase, pushing steel ahead of longtime leaders iron ore and coal.More.

Gay couples' lawyers object to full-court hearing

Attorneys on either side of a lawsuit over Wisconsin and Indiana's overthrown gay marriage bans are wrangling over how many federal judges should hear the states' appeal.More.

Wabash College religion center gets $7.8 million

The grant will let the center continue programming through 2018. It brings to more than $48 million the total grants the Indianapolis-based Lilly Endowment has given the center.More.

Judge blocks ordinance aimed at I-69 work noise

Marion County Judge David Dreyer issued a temporary injunction Monday blocking a Monroe County ordinance that limited noise on the project between 10 p.m. and 6 a.m.More.

NCAA sets vote on modified governance proposal

After years of consternation and months of debate, the Indianapolis-based NCAA says that its board of directors will vote on a formal proposal to give schools in the highest-profile conferences more influence over the college rules.More.

Indiana Democrats deal with education split

The fighting has exposed a deep rift within the party over how students are educated.More.

Clock ticks on Wigwam's fate

Anderson officials say the city will take ownership of the iconic gym, but only if it has a binding agreement by Sept. 2 with a group to reopen the Wigwam.More.

Plane piloted by Simon exec made 'popping' noise before crash

A preliminary report by the National Transportation Safety Board quotes two witnesses as saying they saw the airplane trailing blue smoke during its takeoff and described the sound of the engine as "popping" or misfiring.More.

Pence: Austerity steps needed despite big reserves

The governor's administration has told state agencies to hold back 4.5 percent of their funding for the current fiscal year despite the state's $2 billion in reserves.More.

Vanity plate issue likely not settled for state

The Indiana Bureau of Motor Vehicles must resume issuing personalized license plates, a Marion County judge ordered Wednesday, but the department has said it intends to appeal to the Indiana Supreme Court.More.

U.S. home construction drops 9.3 percent in June

U.S. home construction fell in June to the slowest pace in nine months, a setback to hopes that housing is regaining momentum and will boost economic growth this year.More.

Indy, other cities with new gas pipes see fewer leaks

A study by Google and an environmental group found Boston and Staten Island averaged one leak per each mile mapped. In Indianapolis, where utility workers have replaced old pipes, there was only one for every 200 miles mapped.More.

Tower maker gets OK for factory, plans to hire 600

Nello Corp., a South Bend firm that manufactures steel towers, plans to sink about $60 million into the project.More.

Emmert paid $1.7 million as NCAA revenue increases

Monday’s tax filing comes as the NCAA faces unprecedented scrutiny, including a handful of lawsuits and an effort by Northwestern University football players to form college sports’ first player union.More.

House votes to extend moratorium on Internet taxes

Under current law, the moratorium expires Nov. 1, exposing Internet users to the same kind of connection fees that often show up on telephone bills.More.

Yellen says economy still needs Fed support

Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.More.

Purdue reports big boost in research funding

Purdue University says its researchers obtained $389 million in outside funding in the past year, almost a 22-percent increase from the previous year and just short of a record.More.

UPDATE: Indiana surplus tops $2B after spending cuts

The cash reserves for Indiana's state government grew to more than $2 billion after spending cuts by most state agencies and a reduction in state funding for higher education.More.



A&E, etc.

Reivew: Cirque du Soleil's “Varekai”10:42 am

This seemingly Cirque-grown species of superhumans contort while flying, connect while swinging, tumble while balancing, hurl each other with their feat, and defy gravity.More.

Holiday World plans $22 million winged roller coaster06:28 am

The Holiday World amusement park in southern Indiana is building a new $22 million roller coaster that it says will launch riders to 60 miles an hour in 3.5 seconds, with a 14-story loop and four inversions.More.

Street performers to make debut in Indianapolis

A special project aims to foster the art of street performance in downtown Indianapolis. The project is being promoted by the Arts Council of Indianapolis, Indianapolis Downtown Inc. and arts group IndyFringe.More.

A new dance company, a theater in crisis, and a WNAP raft race redo

Emptying the arts notebook...and bracing for the return of the greatest spectacle in drunken river riding.More.

More A&E, etc.


Indiana 100   Indiana 100
Indiana 100 is IBJ’s look back on the performance of the state’s largest public and private companies in 2013, along with a ranking of the fastest-growing companies in the Indianapolis area.


Golf & Travel   Golf & Travel
The 2014 Golf & Travel magazine is your guide to hundreds of Indiana golf courses. Check out the state’s golf related tourism efforts and what’s new in Indiana travel.


                              Book of Lists   Book of Lists
IBJ's annual Book of Lists has been an essential resource for the Indianapolis-area business community for almost 30 years. The 2014 Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.



Business Profiles   BUSINESS PROFILES
This publication gives companies and executives an opportunity to share their stories and successes. The latest breaking business news rarely delivers a detailed look at how a company’s product or service can solve your business needs. Business Profiles does just that.


BioFutures   BioFutures
BioFutures, the annual publication of the Indiana Health Industry Forum and the Indiana Medical Device Manufacturers Council showcases some the best health science companies, technologies and talent Indiana has to offer.


2014 Giving Guide   Giving Guide
Not-for-profits play a huge role in the quality of life within the Indianapolis region. The 2014 Giving Guide showcases the mission, progress, governance and intiatives of these featured organizations.
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Forefront 061614

In this issue of Forefront, John Gregg and Bill Styring argue over amending the constitution to rein in the federal government, and David Hadley and Kevin Kellems debate the most powerful lobbies in the Legislature. Shariq Siddiqui urges Democrats in Washington to adopt HIP 2.0, Kristin Froehle attacks Mike Pence for his position on coal, and more.

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  1. If what you stated is true, then this article is entirely inaccurate. "State sells bonds" is same as "State borrows money". Supposedly the company will "pay for them". But since we are paying the company, we are still paying for this road with borrowed money, even though the state has $2 billion in the bank.

  2. Andrew hit the nail on the head. AMTRAK provides terrible service and that is why the state has found a contractor to improve the service. More trips, on-time performance, better times, cleanliness and adequate or better restrooms. WI-FI and food service will also be provided. Transit from outlying areas will also be provided. I wouldn't take it the way it is but with the above services and marketing of the service,ridership will improve and more folks will explore Indy and may even want to move here.

  3. They could take the property using eminent domain and save money by not paying the church or building a soccer field and a new driveway. Ctrwd has monthly meetings open to all customers of the district. The meetings are listed and if the customers really cared that much they would show. Ctrwd works hard in every way they can to make sure the customer is put first. Overflows damage the surrounding environment and cost a lot of money every year. There have been many upgrades done through the years to help not send flow to Carmel. Even with the upgrades ctrwd cannot always keep up. I understand how a storage tank could be an eye sore, but has anyone thought to look at other lift stations or storage tanks. Most lift stations are right in the middle of neighborhoods. Some close to schools and soccer fields, and some right in back yards, or at least next to a back yard. We all have to work together to come up with a proper solution. The proposed solution by ctrwd is the best one offered so far.

  4. Fox has comments from several people that seem to have some inside information. I would refer to their website. Changed my whole opionion of this story.

  5. This place is great! I'm piggy backing and saying the Cobb salad is great. But the ribs are awesome. $6.49 for ribs and 2 sides?! They're delicious. If you work downtown, head over there.