Last UpdatedSAT., AUGUST 23, 2014 - 12:22 PM
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Builders Estridge and Davis rebound from bust, run own firms againRestricted Content

02:00 am
Brad Davis and Paul Estridge Jr. belong to a select fraternity. They’re prominent Indianapolis homebuilders whose companies faltered during the housing downturn, only to re-emerge in another incarnation.More.

Broad Ripple lawyer represents cyclists involved in personal injury accidentsRestricted Content02:00 am

Anthony Schoettle
Indianapolis attorney Tim Caress’ desire to combine his after-work passions with helping people whose “lives have been turned upside down” resulted in his rolling—and running—into a new and growing line of business.More.

Feds' new data adds shine to Hoosier incomesRestricted Content02:00 am

Norm Heikens
In April, the U.S. Bureau of Economic Analysis began considering cost of living alongside the stew of income figures it has long collected, and the new, adjusted income numbers make both the metro area and the state look like better places to live.More.

Star caterer Jack Bayt on upswing after tumbleRestricted Content02:00 am

Sam Stall
Six years after having the area's largest catering business sold out from under him, Jack Bayt is back, leading a revamped Crystal Catering. But the new iteration is much smaller than in the days when Bayt and his partners wanted to become a regional or even national player.More.
AUGUST 25-31, 2014
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Builders Estridge and Davis rebound from bust, run own firms againRestricted Content02:00 am

Brad Davis and Paul Estridge Jr. belong to a select fraternity. They’re prominent Indianapolis homebuilders whose companies faltered during the housing downturn, only to re-emerge in another incarnation.More.

Star caterer Jack Bayt on upswing after tumbleRestricted Content02:00 am

Six years after having the area's largest catering business sold out from under him, Jack Bayt is back, leading a revamped Crystal Catering. But the new iteration is much smaller than in the days when Bayt and his partners wanted to become a regional or even national player.More.

Mainstreet torques up expansion ambitionsRestricted Content02:00 am

Mainstreet Property Group, already the fastest-growing company in the Indianapolis area, now has the fuel it needs to nearly triple its pace of construction of senior care facilities around the country.More.

Noblesville eyes plans for $10M park, amphitheater

Officials hope to bolster the city's "hipstoric" downtown and jump-start redevelopment of a key community gateway. But the price strikes some as steep.More.

Gatling Gun Club building proving to be tough sell

The building on North Illinois Street has been vacant since 2008. A downtown bar owner who acquired it nearly four years ago put it back on the market after giving up on plans to move her business there.More.

Condos making comeback in IndianapolisRestricted Content02:00 am

The market is starting to wake up after years of slumber caused by the housing downturn.More.

All-star real estate agent leadership sounding familiarRestricted Content02:00 am

Ward takes first place among IBJ's All-Star Teams sixth year in row.More.

At-Home Quarterly MarketplaceRestricted Content02:00 am

Look here for statistics on Indianapolis-area home sales, the most expensive local sale, and a map showing population density.More.

DINING: A Utah-based chain deli piles on the meat at CityWay02:00 am

Gandolfo’s New York Delicatessen fills in the empty spot vacated by Orange Leaf.More.

MORRIS: Beering sells good coffee for a good causeRestricted Content02:00 am

Help yourself to some Mission Coffee and help the poor Panamanians who put it in your cup.More.

HOOPER: Ritz didn’t politicize public educationRestricted Content02:00 am

Glenda Ritz isn’t responsible for politicizing education policy. That distinction goes to her predecessor, Tony Bennett, the Republican she unseated two years ago.More.

Skarbeck: New rules could take shine off money market fundsRestricted Content02:00 am

The Securities and Exchange Commission last month approved new rules for money market funds, which require institutional “prime” money funds and municipal funds to have a floating net asset value, or NAV.More.

More praise for Lauth02:00 am

I worked for Bob Lauth and found him to be tough, fair, driven and extraordinarily street-smart [Maurer column, July 21].More.

Kite Realty creates general counsel postRestricted Content02:00 am

Kite Realty Group Trust has created the position of executive vice president, general counsel and corporate secretary and has brought aboard Scott E. Murray to fill it.More.

People in the news - Aug. 14, 201402:00 am

People listings are free.More.

NFP of NOTE: The Progeny Foundation02:00 am

The Progeny Foundation provides academic and athletic development opportunities to local at-risk youth to get them through high school and into college.More.

Feds' new data adds shine to Hoosier incomesRestricted Content02:00 am

In April, the U.S. Bureau of Economic Analysis began considering cost of living alongside the stew of income figures it has long collected, and the new, adjusted income numbers make both the metro area and the state look like better places to live.More.

A love story with Christ Church takes contentious turnRestricted Content02:00 am

This is far from the first time that heirs and beneficiaries of the Lilly family fortune have tangled over how it was managed.More.

Broad Ripple lawyer represents cyclists involved in personal injury accidentsRestricted Content02:00 am

Indianapolis attorney Tim Caress’ desire to combine his after-work passions with helping people whose “lives have been turned upside down” resulted in his rolling—and running—into a new and growing line of business.More.

Demise of Radio Disney causing static; local station in playRestricted Content02:00 am

Walt Disney Co. announced earlier this month that it would sell its 23 radio stations that target children ages 3 to 15. The only Radio Disney outpost on the FM dial, WRZD-FM 98.3 in Indianapolis, could be particularly sought after if the stations are sold individually.More.

Global group taps local woman to lead Indy chapterRestricted Content02:00 am

Jennifer Burns is looking for a couple of dozen twenty-somethings who, like her, share the lofty goals of the World Economic Forum, the organization that gathers heads of state and CEOs each January in the Swiss mountain town of Davos.More.

Indianapolis homebuilder combines dashing design, prefabricated contructionRestricted Content02:00 am

Ursula David hopes her first manufactured home will catch on at other infill lots close to downtown.More.

Wynkoop is top real estate agent in 201402:00 am

Scott Wynkoop placed first among all-star agents a third year in a row.More.

LOU's VIEWS: Great game hunting at GenCon 201402:00 am

GenCon has left behind a trail of games acquired by more than 56,000 attendees...including me. Here are my favorites, with options to please the game aficionado without scaring off the Apples to Apples crowd.More.

LOPRESTI: Catching up with an exclusive Colts group, the 21 QB clubRestricted Content02:00 am

We know all about Manning and Luck, but what about the others who've lined up under center?More.

KENNEDY: Daniels diminishing higher learningRestricted Content02:00 am

The current political focus on what we used to call “vocational education” not only minimizes the value of a liberal education, it ignores the reality of today’s job market.More.

Hicks: Who actually pays the taxes? Good questionRestricted Content02:00 am

Among the most misunderstood concepts in public policy is the burden of taxes. One unfortunate result is a good bit of bitterness and calumny over who pays their fair share.More.

Maurer distorted Pence positionRestricted Content02:00 am

When I read Mickey Maurer's [Aug. 25 column] “Is there room for compassion in politics?” I was simply taken aback.More.

City-County Council approves landlord registryRestricted Content02:00 am

The ordinance is the product of state legislation this year that effectively shut down rental-property inspection programs but left municipalities the option of creating registries.More.

Indianapolis Downtown Inc. to go by new name

Indianapolis Downtown Inc., a 21-year-old public-private promotional group, plans to do business under a new name as part of a strategic plan, it announced Wednesday morning.More.

Records - Aug. 25, 201402:00 am

Records listings from the Aug. 24, 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.
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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.
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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.
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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., AUGUST 22, 2014 - 5:08 PM

Health commissioner resigns for personal reasons

Dr. William VanNess said Friday he plans to stay on the job until Gov. Pence finds a replacement, saying he likely will stay on until early October.More.

Kokomo residents embrace bus route expansion

The City Line Trolley bus service has seen its passenger totals increase 31 percent since it added three new lines and expanded the number of stops from 118 to 275 last summer.More.

Postal Service has 600 rural Indiana spots open

Rural carriers earn $16.25 per hour and receive equipment maintenance allowances. They may be required to use their personal vehicles, but are compensated for it.More.

New Grand Park in Westfield already $6M over budget

The Westfield City Council this month voted 5-1 to lend the project $6 million from a city infrastructure fund, money that the administration said would be repaid through future sponsorship revenue and possible litigation windfalls.More.

Judge: Pence contradicted himself on gay marriage

A federal judge says Indiana Gov. Mike Pence contradicted himself on same-sex marriage, telling the court he had no power to enforce Indiana's gay marriage ban but then directing executive agencies about how to proceed after court rulings on the subject.More.

Judge denies stay after right-to-work ruling

A northwest Indiana judge has rejected a request by the Indiana attorney general's office that he put on hold his order striking down the state's right-to-work law until the state Supreme Court rules on a similar case.More.

Yellen to give her outlook as Fed honeymoon fades

The perilous question that now awaits Janet Yellen's Federal Reserve has put investors on nervous alert: Can it manage to raise rates from record lows without weakening the U.S. economy or spooking markets?More.

Judge tells Indiana to honor other states' gay marriages

A federal judge ruled Tuesday that Indiana must recognize same-sex marriages performed in other states, but stayed the ruling until the 7th U.S. Circuit Court of Appeals could decide on the issue.More.

Central Indiana reservoir foes back river trails

Environmental groups are proposing a system of trails to promote use of the White River in central Indiana rather than damming it for a proposed $450 million, seven-mile-long reservoir.More.

Colts' Irsay seeks delay of trial on DWI charges

An attorney for Indianapolis Colts owner Jim Irsay filed the request for the continuance Monday. His trial had been scheduled for Aug. 28.More.

Daniels clarifies remarks about regional campuses

President Mitch Daniels said Purdue University's regional campuses should conduct research specific to their missions, clarifying recent remarks on the topic in a letter to four Fort Wayne faculty members Monday.More.

Indiana's first female chief justice taking office

Loretta Rush is scheduled to be sworn in as Indiana Supreme Court chief justice on Monday afternoon by Gov. Mike Pence. She replaces current Chief Justice Brent Dickson.More.

Carpenter, Fisher to merge IndyCar teams in 2015

Ed Carpenter Racing and Sarah Fisher Hartman Racing said Saturday they will unite to form CFH Racing. The Indianapolis-based teams will be headquartered at Fisher Hartman offices a few blocks from Indianapolis Motor Speedway.More.

IPL moves to drop coal from Harding Street power plant

Indianapolis' electricity utility plans to convert its aging Harding Street power plant entirely to natural gas by 2016, after facing growing pressure to do so from environmental groups and politicians.More.

Indiana universities face budget cuts if tax intake lags

Indiana's public universities could see their budgets cut another 2 percent if state tax collections continue trailing expectations, Gov. Mike Pence's budget director said Thursday.More.

Huntingburg, Wabash named Stellar Communities

Two Indiana cities will receive millions of dollars to help spur economic development after being named 2014 Stellar Communities.More.

Eli Lilly to close Terre Haute animal enzyme plant

The plant closure will affect 23 plant employees, all of whom will be offered comparable positions at a Lilly plant near Clinton that employs about 500 workers.More.

UPDATE: Underground blast rocks downtown Indianapolis

An underground explosion downtown Wednesday afternoon sent smoke billowing into the street and led to the evacuations of buildings.More.

WellPoint to change corporate name back to Anthem

The name change will be completed by the end of the year, pending shareholder approval, the company said Tuesday.More.

Teachers, students facing new state standards

Indiana teachers and students starting the new school year will have to quickly get up to speed on the state's new academic standards, drafted only months ago to replace the national Common Core standards.More.

Nearly 700,000 Indiana voter registrations 'inactive'

Indiana Secretary of State Connie Lawson said Monday she has marked 696,000 registrations "inactive" as part of her efforts to clean up to the state's rolls of voters.More.

Groups want Indianapolis utility to test water

Environmental, health and neighborhood groups are calling on the Marion County Health Department to compel Indianapolis Power & Light to test groundwater at eight coal ash lagoons on the city's south side.More.

Byproducts big business for Morgan County grain mill

It appears one man's bust is another's boom, because many of the reasons byproducts have become so popular are the same reasons you're paying historically high prices for beef.More.

NCAA says it will appeal player-compensation court ruling

NCAA President Mark Emmert said on a Sunday talk show that his organization found a lot in the decision that was "admirable" and some parts it disagreed with so strongly that they could not go unchallenged in court.More.

Judge rules that NCAA ban on student-player pay is illegal

National Collegiate Athletic Association rules barring student athletes from seeking a share of its $800 million in annual broadcast revenue are illegal, a federal judge in California ruled in a lawsuit that may dramatically change college sports.More.

Coats: Planned reservoir can't rely on fed money

U.S. Sen. Dan Coats said planners of a proposed central Indiana reservoir shouldn't look to the federal government for help in financing the $450 million project.More.

Airline group forecasts uptick in Labor Day travel

An airline group predicted Thursday that 14 million people would fly on U.S. airlines during the seven days ending Sept. 2, the day after Labor Day. The busiest day is expected to be the Friday before the holiday weekend.More.

NCAA files intent to appeal O'Bannon decision

The NCAA has notified the 9th U.S. Circuit Court of Appeals that it intends to appeal a judge's ruling in the Ed O'Bannon case that it violated antitrust laws. What's unclear is how the NCAA's legal team will attack the ruling.More.

Pence keeps up opposition to land-based casinos

Indiana Gov. Mike Pence says he remains opposed to allowing more land-based casinos in Indiana despite a push from Evansville officials worried about declining revenue from the city's riverboat.More.

Hoosier State passenger rail service extended 4 months

The Indiana Department of Transportation and seven local partners will keep funding passenger rail service between Indianapolis and Chicago through Jan. 31 while the state agency negotiates with a private vendor to operate the line.More.

Former Bennett chief of staff at center of $1.7M contract complaint

A former top education official's role in the sale of $1.7 million of equipment to Indiana is raising new questions about the strength of the state's ethics laws.More.

Indiana updates job search app for iPhone

The Indiana Office of Technology announced Tuesday it was releasing a new version of the app for iPhones and iPads that would make it easier to search state job postings.More.

Home construction on the rise nationally

U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines. Construction faltered, however, in the Midwest.More.

Indiana's first female chief justice assumes office

Loretta Rush was formally sworn in Monday as Indiana's first female chief justice, but her gender hardly was mentioned during the ceremony.More.

NCAA's strongest argument might be cap limit

The NCAA's best argument against the Ed O'Bannon ruling may be the financial limits imposed by U.S. District Judge Claudia Wilken — the same ones the NCAA lauded in her decision.More.

EMS company to end most Indiana services

Rural/Metro Corp. is going to stop serving more than 30 communities in Indiana. Martinsville Mayor Phil Deckard said the company will end service within 60 days.More.

Muncie packaging company to lay off 261 workers

DIY Group packages products and displays for national manufacturers and retailers. The notice sent to the state cited the loss of a contract with Jarden Home Brands for the layoffs.More.

UPDATE: Indiana State Fair attendance tops 950,000

This year's 17-day run goes down in the books as one of the three most attended.More.

U.S. factory output rises for 6th straight month

The Federal Reserve reports that manufacturing production rose 1 percent in July compared to the prior month. Over the past 12 months, manufacturing has risen 4.9 percent.More.

IPFW study recommends shift to Indiana University control

Indiana Purdue-Fort Wayne would better serve its region with a shift in governance to Indiana University and a change in the state's funding formula for university campuses, a study released Thursday recommended.More.

Weekly U.S. unemployment claims jump by 21,000

The four-week average, a less volatile measure, rose 2,000, to 295,750. That continues to be close to averages that predate the beginning of the Great Recession in late 2007.More.

Vera Bradley to cut manufacturing at Indiana plant

Vera Bradley plans to phase out a shift that about 150 people work at its New Haven plant in an effort to reduce manufacturing capacity and save on domestic costs.More.

Farmers on pace for record corn crop, report says

A bigger crop was expected as adequate rain and cool temperatures made for favorable growing conditions in the 18 states that produce 91 percent of the nation's corn.More.

U.S. employment openings hit 13-year-plus high

Job openings have increased 17.6 percent during the past 12 months, while hiring has risen 9.3 percent during the same period, suggesting a mismatch in the jobs market.More.

U.S. Postal Service suffers $2 billion quarterly loss

The agency blamed increases in compensation and benefits costs for the red ink and said it would be unable to make a congressionally mandated payment of $5.7 billion this September for health benefits for future retirees.More.

NCAA seeks clarification from court in O'Bannon ruling

The NCAA is going back to court in Oakland, California—to clarify two points in U.S. District Judge Claudia Wilken's ruling.More.

Purdue rolls out 3-year plan for communications majors

Purdue University has developed a three-year bachelor's program for communications students that it says will allow them to save more than $9,000.More.

IU schools tackle new marketing strategies

Indiana University is taking steps to better market itself to students and donors, using a strategy more common to consumer products.More.

Monroe County alters ordinance that sparked I-69 suit

The Indiana Department of Transportation had sued the southern Indiana county after it imposed restrictions in response to residents' complaints about late-night construction noise around the I-69 site.More.

UPDATE: Cool summer sets hopes for record harvest

The nation's corn and soybean farmers are on track to produce record crops this year as a mild summer has provided optimum growing conditions.More.

Blogs

 

A&E, etc.

LOPRESTI: Catching up with an exclusive Colts group, the 21 QB clubRestricted Content02:00 am

We know all about Manning and Luck, but what about the others who've lined up under center?More.

DINING: A Utah-based chain deli piles on the meat at CityWay02:00 am

Gandolfo’s New York Delicatessen fills in the empty spot vacated by Orange Leaf.More.

LOU's VIEWS: Great game hunting at GenCon 201402:00 am

GenCon has left behind a trail of games acquired by more than 56,000 attendees...including me. Here are my favorites, with options to please the game aficionado without scaring off the Apples to Apples crowd.More.

Star caterer Jack Bayt on upswing after tumbleRestricted Content02:00 am

Six years after having the area's largest catering business sold out from under him, Jack Bayt is back, leading a revamped Crystal Catering. But the new iteration is much smaller than in the days when Bayt and his partners wanted to become a regional or even national player.More.

More A&E, etc.

FEATURED MAGAZINES AND SUPPLEMENTS

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.

 

2014
                              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.
 

 


PROMOTIONAL SUPPLEMENTS

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

Forefront

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. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.