Last UpdatedSAT., MAY 26, 2012 - 7:16 AM
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Developer Kite to remake key corner in CarmelRestricted Content

Kite Realty Group Trust is planning a Rivers Edge-like overhaul of two shopping centers it owns at 116th Street and Rangeline Road in Carmel. The Indianapolis-based real estate firm already has landed new tenants, including a natural and organic grocery store and a handful of restaurants.More.

Lawsuit takes on debt-modification firmRestricted Content

Chris O'Malley
A lawsuit filed in Georgia against an Indianapolis firm that helps consumers settle debt is just one in a parade of complaints targeting the industry.More.

Mentors give entrepreneurs a business boostRestricted Content

Andrea Muirragui Davis
Good mentors can make a world of difference to up-and-coming entrepreneurs. Countless business owners find themselves in need of a gut check from time to time and, these days, mentors are an essential part of their toolkit.More.

Physician buyouts bruising hospitalsRestricted Content

J.K. Wall
As St. Vincent Health has nearly doubled the number of physicians it employs over the past two years, the losses on those practices have mounted. And the same thing is happening at all the major Indianapolis hospital systems, as all have spent the past four years aggressively acquiring physician practices.More.
MAY 28-JUNE 3, 2012
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Developer Kite to remake key corner in CarmelRestricted Content

Kite Realty Group Trust is planning a Rivers Edge-like overhaul of two shopping centers it owns at 116th Street and Rangeline Road in Carmel. The Indianapolis-based real estate firm already has landed new tenants, including a natural and organic grocery store and a handful of restaurants.More.

Lawsuit takes on debt-modification firmRestricted Content

A lawsuit filed in Georgia against an Indianapolis firm that helps consumers settle debt is just one in a parade of complaints targeting the industry.More.

Sierra Club pressures utilities to find alternatives to coalRestricted Content

Dave Menzer, director of the Sierra Club’s new “Beyond Coal” campaign in Indiana, aims to spark discussion about the health and environmental costs of the state’s bituminous bounty that for years has brought relatively cheap electric rates.More.

Playoff run pushes Pacers closer to profitabilityRestricted Content

Talks with the city's Capital Improvement Board about a Bankers Life Fieldhouse subsidy will heat up soon.More.

Price pressures could ground Lilly's growth

Most analysts agree with Eli Lilly and Co.’s prediction that, after tough years from 2012 to 2014, the drugmaker will begin growing sales and profits again. But in a new report, BMO Capital Markets predicts Lilly will get stuck at a reduced level of revenue and profit in 2014 and stay there for years.

More.

Not-for-profit hoping to grow microloan programRestricted Content

Small amounts of funding often ignored by larger banks.More.

DINING: Kitchen still a bit rocky at rock 'n' roll newcomer

Last in a month-long series of Keystone Crossing/Clearwater Crossing-area restaurant reviews. This week: Daddy Real's The Place.More.

BENNER: Will playoff-fueled Pacer passion last until November?Restricted Content

Curious, isn’t it, that Indiana Pacers forward Danny Granger plays the “we don’t get any national respect” card when he, in particular, and his team, in general, spent virtually all of this past National Basketball Association season not getting much in the way of local respect?More.

MAURER: Mourdock too right for RepublicansRestricted Content

The average Hoosier voter is about to be flimflammed.More.

Make new police chief a regional pickRestricted Content

It’s time for Indianapolis to reach across geographical boundaries to ask for input, help and support as it works to transform Indianapolis Metropolitan Police Department so it can work on restoring public confidence and ultimately safer streets.More.

KIM: Talk to your spouse early about money, big issuesRestricted Content

Do you and your spouse (or significant other) share exactly the same opinion on financial matters, such as spending, saving, borrowing and investing? If so, you’re in a very small minority of couples.More.

Kennedy misunderstands conservative RepublicansRestricted Content

For the life of me, I don't understand Sheila Suess Kennedy at all and, of course, she doesn't get me.More.

BKD selects Dickman as managing partnerRestricted Content

The head of the national accounting firm's Indianapolis office will lead the entire company effective June 1.More.

Indiana struggling to distribute foreclosure aid fundsRestricted Content

The $182 million awarded to the state by the federal government was based on the unemployment rate, which is falling.More.

Shareholders vote disapproval of Simon's $120M bonus

Shareholders of Simon Property Group Inc. sent a resounding message to the company that they don't approve of a $120 million retention award given to CEO David Simon.More.

PROXY CORNER: Ameriana Bancorp

New Castle-based Ameriana Bancorp operates more than a dozen banking offices in north-central and central Indiana.More.

Records - May 28, 2012

Records listings from the May 28, 2012, issue of IBJ.More.

Mentors give entrepreneurs a business boostRestricted Content

Good mentors can make a world of difference to up-and-coming entrepreneurs. Countless business owners find themselves in need of a gut check from time to time and, these days, mentors are an essential part of their toolkit.More.

Physician buyouts bruising hospitalsRestricted Content

As St. Vincent Health has nearly doubled the number of physicians it employs over the past two years, the losses on those practices have mounted. And the same thing is happening at all the major Indianapolis hospital systems, as all have spent the past four years aggressively acquiring physician practices.More.

Endowment's resurgence emboldens IMA's leadersRestricted Content

After three years of shrinking budgets, Indianapolis Museum of Art leaders are ready to leave the lean times behind. The IMA’s endowment, which has covered close to 70 percent of operating expenses, is on the rebound and reached $324 million at the end of last year.More.

Fort Wayne health IT firm looks to Indianapolis for talentRestricted Content

By the end of 2012, Medical Informatics Engineering anticipates that its six-person Indianapolis workforce will have doubled to 12, then to as many as 25 over the following year or so.More.

For graying generation, startups are boomingRestricted Content

Post-war kids seeking fulfillment and financial boost account for growing share of new ventures.More.

LOU'S VIEWS: Indy Zoo's new 'Flights of Fancy' area soars

What's new at the Zoo. Plus thoughts on "Forever Sung" and "Antigone."More.

HETRICK: Parental responsibility and the high cost of higher ed

I'm old-fashion on this one: It's parents who choose to bring children into the world.More.

EDITORIAL: Pacers recovery well-timedRestricted Content

The Indiana Pacers have returned to relevance in the NBA and in the eyes of local fans.More.

'America's best senator' turned awayRestricted Content

Don’t get involved in politics unless you’re prepared at times to have your heart broken.More.

HICKS: Lasting meaningful change requires patience, fortitudeRestricted Content

This new birth of freedom is the largest in human history, and only a handful of truly totalitarian states still linger today.More.

Smoking, family values inconsistent at bestRestricted Content

I don't understand how Angel Rivera can write that Ryan Vaughn is a man of family values.More.

Retail lineup taking shape for CityWay project

CityWay has landed a fine dining restaurant, a mixology bar, a Qdoba and a frozen yogurt shop as developer Buckingham Cos. turns its attention to the retail portion of the $155 million mixed-use project.More.

Live Nation drops beer prices at outdoor concert venuesRestricted Content

The $2.75 drop is meant to enhance the concert experience at Klipsch Music Center and The Lawn at White River State Park.More.

Howard officials OK hospital merger with Community

The merger of Kokomo’s Howard Regional Health System into Indianapolis-based Community Health Network received final approval Tuesday night.More.

Children's Museum selects developer for Winona site

Local affordable housing developer The Whitsett Group has been chosen to redevelop the site on North Meridian Street. Its other major development is a $22 million project set for the former Keystone Towers site.More.

People in the news - May 28, 2012

People listings are free.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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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., MAY 25, 2012 - 10:10 PM

Indy speedway replaces stage following inspection

A temporary outdoor stage set up to entertain race fans at the Indianapolis Motor Speedway has been replaced after it failed to meet new safety standards enacted by the state following last year's deadly stage collapse at the Indiana State Fair.More.

Calumet plans to add 48 jobs at Indianapolis headquarters

The oil refiner, which currently has 75 full-time Indiana employees, has begun hiring management, accounting, sales, human resources and information technology workers.More.

Wabash College president ready to step down

Patrick White, president of the private, all-male liberal arts college in Crawfordsville for the past six years, says he'll leave his post a year from now.More.

Republic Airways CEO talks Bombardier jet plans

The CEO of feeder airline operator Republic Airways Holdings Inc. said on Wednesday that new Bombardier jets could be flown in the United States in a partnership with one of the big airline alliances.More.

Shelbyville officials rule fairgrounds fire arson

Shelbyville fire officials say a fire that destroyed the 133-year-old grandstands at the Shelby County Fairgrounds was arson.More.

Purdue economist predicts gas prices won't top $4

Purdue agricultural and energy economist Wally Tyner said Indiana's gas prices will likely remain between $3.50 and $4 per gallon over the summer as long as there's no new turmoil in the Middle East.More.

Sales of existing homes up nationally in April

Modest increases in home sales are the latest sign that the market could be starting to turn around nearly five years after the housing bubble burst. Still, housing construction remains at roughly half the pace that economists consider a healthy market.More.

Gregg, Pence tap women for gubernatorial tickets

Republican candidate Mike Pence toured the state Monday with his choice for lieutenant governor: state Rep. Sue Ellspermann. Democratic candidate John Gregg, meanwhile, is set to announce that longtime Senate Minority Leader Vi Simpson will join his ticket.More.

Indiana prison education cuts cost Ball State jobs

A new law denying state grants for college education to prison inmates has cost the jobs of more than 70 Ball State University employees.More.

Indiana casinos face falling revenue, new competition

Indiana's nearly 20-year-old casino industry is facing declining revenues and growing out-of-state competition, prompting lawmakers to consider what, if any, regulatory changes might be able to stem the tide.More.

Once an Obama coup, Indiana less a battleground

Barack Obama was the first Democrat in 44 years to win Indiana in the 2008 presidential race. A repeat seems doubtful this year.More.

Shares of Facebook stall after company's record IPO

Facebook sold 421million shares to raise $16 billion, giving the company a $104 billion market value. After the debut, underwriters bought the stock to keep it from falling below the IPO price.More.

Big Ten Network cuts academics, citing low ratings

The Big Ten cable network has been an unchallenged success promoting conference sports to a national audience and making money for its members.More.

Indiana issues call for external audit of tax agency

Indiana budget leaders are looking for an external auditor to review the state Department of Revenue after workers discovered $526 million in errors in recent months.More.

Indiana lottery seeking ideas from private firms

The Indiana State Lottery Commission endorsed a plan Wednesday to seek out private companies to take over some operations of the Hoosier Lottery, a state agency whose income has shrunk in recent years.More.

Gubernatorial candidate Gregg calls for corporate tax cut

Democratic gubernatorial candidate John Gregg called for eliminating the state's corporate income tax on Indiana-based businesses Wednesday as he continued to roll out his policy ideas ahead of November's election.More.

Unemployment tax repayment causes confusion

Indiana's plan to balance an unemployment insurance fund hit hard during the recession might have caused businesses to pay more than they owed, although no one seems to know how many companies were involved or the level of impact it had on them.More.

Acting Indiana chief justice Dickson picked to head court

The Indiana Judicial Nominating Commission voted Tuesday to make Brent Dickson the state's first new chief justice in 25 years.More.

Work on central Indiana wind farm set for this summer

A company planning to build a wind farm spread across four central Indiana counties north of Indianapolis says it has obtained 125 building permits for the project's first phase.More.

Indiana governor hopefuls detail ideas for job growth

Republican Mike Pence, Democrat John Gregg and Libertarian Rupert Boneham each say job creation would be "job one" if elected governor. But their means to reaching employment goals vary from dispatching missionary-style investment gurus, to growing more hemp and bamboo, to increasing wind-turbine manufacturing in the state.More.

Indiana delegation could see gender shakeup

Indiana has had only five female members of Congress in its history, none at the same time, and is currently among 16 states without a female serving in either the House or Senate. That could change this fall, though.More.

Indy art museum receives grant for Miller House

The Indianapolis Museum of Art has received a grant to digitize, catalog, and put online a collection of materials about a 1957 modernist-style home in Columbus designed by famed architect Eero Saarinen.More.

Indiana judge declines to release Sugarland testimony

A judge hearing several lawsuits filed over last summer's Indiana State Fair stage collapse declined Wednesday to release depositions from country duo Sugarland and told a plaintiff's attorney he shouldn't have publicized videotaped portions of the lead singer's testimony last month.More.

Lugar's frustration surfaces after Indiana defeat

Conceding defeat for the first time in nearly four decades, U.S. Sen. Richard Lugar pledged to support the tea party-backed rival who had just ousted him. But hours later, the Indiana Republican issued a statement chastising primary winner Richard Mourdock.More.

Brooks wins GOP nod for retiring Burton's seat

Former U.S. Attorney Susan Brooks has won the Republican nomination for the 5th congressional district seat in central Indiana that retiring GOP Rep. Dan Burton is giving up after 30 years.More.

Typical CEO at public firm made $9.6M last year, study finds

Study that pegs Simon Property's CEO as highest-paid finds executive compensation is soaring along with profit at public companies.More.

Pending GED changes likely to challenge some adults

By 2014, passing the Indiana General Education Development exam is likely to be more difficult for many adults, but those who do pass it will be more employment-ready.More.

Local school district reviewing test breach allegations

Leaders of an Indianapolis school district said they're preparing a report for state officials into the possible disclosure of student assessment test questions by teachers at one of the state's largest high schools.More.

Lawmakers to study auto plates, child protection

The summer study groups sometimes set the basis for action in the following session. The divisive right-to-work law approved this year was reviewed last summer in a series of study committee hearings.More.

Indianapolis Public Schools laying off 163 workers

Indiana's largest school district is planning to lay off 163 workers, including 94 teachers, largely because of the state takeover of four schools starting this fall.More.

Gregg picks Simpson to add balance to ticket

Democratic gubernatorial candidate John Gregg reached out to his party's base Tuesday with his pick for lieutenant governor, a liberal lawmaker with decades of experience at the Indiana Statehouse.More.

Fire won't stop Shelby County fair, organizers say

Organizers plan to put on a central Indiana county fair as best they can despite a weekend fire that destroyed its 133-year-old wooden grandstands.More.

Pence picks Indiana legislator as running mate

Republican Mike Pence has picked first-term state Rep. Sue Ellspermann as his running mate in his campaign to become Indiana's next governor.More.

Democrats stretch residency complaints to Pence

Democrat John Gregg's argument is part of a broader effort to label Mike Pence as a creature of Washington more than he is of Indiana.More.

New payout process awaits stage collapse victims

The Attorney General's Office said in an email to claimants that it is trying to find an "an efficient and respectful way" to distribute the money while limiting lawsuits.More.

Pence set to announce running-mate pick

Republican Mike Pence's campaign said Friday he will announce his running mate in his campaign for Indiana governor on Monday.More.

Kids to sell lemonade at the Indiana Statehouse

More than 15,000 young people from pre-school age through high school will open lemonade stands across the greater Indianapolis area this weekend.More.

U.S. jobless claims hold steady for second straight week

The number of people seeking unemployment benefits was unchanged last week, suggesting some gains in the job market.More.

Pacers' Bird named NBA's executive of the year

Indiana Pacers President Larry Bird was voted National Basketball Association Executive of the Year on Wednesday, becoming the first person to win the award after also receiving the league's MVP and Coach of the Year honors.More.

Subaru to add 100 jobs as part of $75 million expansion

Subaru already employs 3,600 at its Lafayette facility, with 600 workers added in the past three years. The expansion will ramp up production from nearly 171,000 cars a year to at least 180,000.More.

Judge says lawsuit can proceed against for-profit educator

A federal judge has ruled that a lawsuit can proceed against a large for-profit education company accused of using improper sales tactics to lure unqualified students and the billions of dollars in financial aid they bring. The company has two colleges in Indianapolis.More.

Feds say wiretaps show evidence of financial plot

A federal judge in Indianapolis refused to throw out wiretap evidence in the $200 million fraud trial of former Indiana businessman Tim Durham as the government outlined a case largely based on those recordings.More.

Bicycle advocacy group urges riding to work Friday

Motorists in central Indiana should expect to share the road with a lot of bicyclists during their morning and afternoon commutes Friday.More.

Next Indiana governor won't see much toll road money

The $3.8 billion that Indiana netted in 2006 from leasing the Indiana Toll Road to a foreign consortium will be mostly spent or allocated by the time the state's next governor takes office in JanuaryMore.

JPMorgan Chase takes fire for 'hedge,' $2 billion loss

More than three years after the financial industry almost collapsed, the colossal misfire has been cited as proof that big banks still do not understand the threats posed by their own speculation.More.

Purdue looks to new clinic to cut health costs

Purdue University's trustees approved plans Friday for a new campus medical clinic that administrators expect eventually will cut the school's health care costs for employees and their families.More.

Indiana State Fair makes management changes

The Indiana State Fair has hired a chief operating officer and a director of safety and security as part of management changes spurred by last summer's deadly stage-rigging collapse.More.

Lugar's legacy in Senate: Cooperation and security

Colleagues considered six-term Sen. Richard Lugar a visionary who looked beyond U.S. exuberance over the end of the Cold War and saw the dangers and opportunities in the collapse of a nuclear-armed Soviet Union.More.

Carson, May to meet in 7th District congressional race

Rep. Andre Carson easily defeated three Democratic challengers in Tuesday's primary to win his party's nomination in central Indiana's 7th District. He will face Carlos May, a former aide to Indianapolis Mayor Greg Ballard.More.

Indiana congressional candidates get 2nd chances

Tuesday was a night of second chances in many of Indiana's congressional primary races.More.

Blogs

 

A&E, etc.

LOU'S VIEWS: Indy Zoo's new 'Flights of Fancy' area soars

What's new at the Zoo. Plus thoughts on "Forever Sung" and "Antigone."More.

HETRICK: Parental responsibility and the high cost of higher ed

I'm old-fashion on this one: It's parents who choose to bring children into the world.More.

Endowment's resurgence emboldens IMA's leadersRestricted Content

After three years of shrinking budgets, Indianapolis Museum of Art leaders are ready to leave the lean times behind. The IMA’s endowment, which has covered close to 70 percent of operating expenses, is on the rebound and reached $324 million at the end of last year.More.

DINING: Kitchen still a bit rocky at rock 'n' roll newcomer

Last in a month-long series of Keystone Crossing/Clearwater Crossing-area restaurant reviews. This week: Daddy Real's The Place.More.

More A&E, etc.

FEATURED MAGAZINES AND SUPPLEMENTS

Golf and Travel   GOLF & TRAVEL
Check out our annual guide to hundreds of Indiana golf courses. Plus: How to land tickets for a TV show’s studio audience, what’s new at area destinations, and a PGA executive outlines a course for golf’s resurgence.

 

2012 Forty Under 40 cover   FORTY UNDER 40
Meet this year’s class of 40 up-and-comers in central Indiana’s business community—our 20th group of honorees. In videos interview, we asked them to wax nostalgic. What were they doing in 1992? Did they know what they’d be doing now? They also shared their thoughts on the issues in Indianapolis that need the most attention.

PROMOTIONAL SUPPLEMENTS

MIRA AWARDS   MIRA AWARDS

Check out this year's Mira Award winners. This publication is published in partnership with Techpoint. Techpoint is an Indiana-based organization charged with leading a statewide effort to enhance and promote the state’s technology sector.

 

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.

 

Giving Guide   GIVING GUIDE

This 2012 Giving Guide highlights various not-for-profit organizations in central Indiana.
 
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Forefront

Forefront May 7, 2012FOREFRONT

In this issue of Forefront, Jim Shella says Mike Pence is next in line to answer residency questions. Also, John Ketzenberger laments the rash of negative political ads, and David Cheatham and Ralph Foley discuss up-and-coming legislative leaders.

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  1. Chief, thanks for the heads up, Jenna repeats what I have been saying for 16 years. The Cart model fails whenever it is tried. I hope she is wrong, the owners can't run the series, it kills racing series.

    "The team principals fight for power with the league, fight with each other over rules and generally search for just about anything to complain about. Unlike Formula One and NASCAR, which both succeed operating as virtual dictatorships, IndyCar has moved closer to the model that ultimately killed CART—the inmates trying to run the asylum.

    "You are never happy with a racing association, they've all got problems," A.J. Foyt said Monday. "I don't care if it's NASCAR or its SCCA, or whoever. Somebody is always going to be upset with something." "

    So Chief, TG, IMS, IRL, did not kill cart, cart killed itself. That is your quote, and you are right. TG, IMS, IRL saved American OW racing. Hopefully Belaskus can resist the urge to give in to the inmates.

  2. Is there anywhere online where you can see the size and currently proposed design? I am pretty sure I have seen this in other places, but what of building a five story (20' deep) condo building directly in front of a parking garage? You would have apartments/condos that have great window views from every room that would be very marketable and also have the commercial at the ground level. You could actually build it as a separate building but closely adjoining the garage completely shielding it from view, but giving an attractive street appearance. I would think that this would be at least a net break even if not a gain for the developer. Thoughts?

  3. Apparently in a story released by Jenna Fryer of the AP one hour ago, a rift has developed between Owners and Indycar.

    This has advanced so far in secrecy that Penske and Randy Bernard hadn't spoken since the Chevy appeal was denied over the Honda turbo issues.

    Fryer also stated the owners are banding together in an effort to have Bernard removed. YMMV.

    http://sports.yahoo.com/news/bernard-wants-focus-indianapolis-500-162849948--irl.html

  4. with the fact the CART owners chose to let the Hulman family bankroll their racing businesses twice. Six hundred million. $39 million this year on team support.

  5. IndyCar gets set for its biggest day of the year, but it’s back to anonymity on Monday