Recent Blog Posts

ABC's Jeff Van Gundy gives MSA nod of appreciation

June 13, 2012
Former New York Knicks coach tells national TV audience there were no louder NBA venues than the old Chicago Stadium and Market Square Arena in Indianapolis.

IndyCar's China race, Izod title sponsorship in jeopardy

June 11, 2012
IndyCar officials are hustling to find a replacement for its August race in Qingdao, China so it doesn't run afoul of its sponsorship agreements.

RGIII not playing No. 2 to Luck in sponsor deals, fan appeal

June 8, 2012
Robert Griffin III appears to be a hotter commodity with sponsors, fans and sports card traders than No. 1 pick Andrew Luck. There could be a rush to get deals done before the Summer Olympics.

Brickyard boss likely to have sway over Bernard's future

June 7, 2012
Though he keeps a low profile, Indianapolis Motor Speedway CEO Jeff Belskus will have a big say in whether Randy Bernard survives after this year as the IndyCar Series leader.

Speedway traditions sacrificed, and IndyCar better for it

May 25, 2012
Three years ago when the board overseeing the Indianapolis Motor Speedway fired one of its own as CEO, it looked like IndyCar racing was headed for an ugly crash. Today, the future looks much brighter.

Pacers reach critical time to showcase character

May 23, 2012
It would be easy for the Indiana Pacers to seek revenge during Thursday's game for assaults leveled in this playoff series by the Miami Heat. But it's a crucial time to for the team to show this market how much class they have, whether in victory or defeat.

Indy 500 Last Row Party rolls out new features

May 22, 2012
One of the Indy 500’s best peripheral events, the Last Row Party celebrates its 40th anniversary. Organizers have several special activities and guests slated this year.

Pacers, Indy 500 put spotlight on city but won't quiet critics

May 21, 2012
Roughly 14 million people watched sporting events in Indy from last Thursday to Sunday. Those numbers make it easier to argue that Indy's sports initiatives are worth the expense.

Slow cars causing big concerns on Speedway's fast Friday

May 18, 2012
IndyCar CEO Randy Bernard is confident Lotus is in the series for the long haul. Many owners and drivers want Lotus out of the Indianapolis 500 field this May. One owner called the Lotus powered cars "disgusting." Others said they're flat-out dangerous.

Pacers becoming locals' dream, NBA's nightmare

May 17, 2012
In terms of TV viewership and media coverage, there could be nothing worse for the NBA and its big-city sponsors than a Pacers-Spurs final. Naturally that makes Hoosiers smile all the more.

NBA's Stern offers contradictory message on flopping, Pacers coach

May 14, 2012
It seems odd that while NBA Commissioner David Stern said Sunday that flopping in the league is a problem, Pacers Coach Frank Vogel is writing a check to the NBA for essentially saying the same thing.

Hoosiers' heritage takes a beating

May 4, 2012
It's been a tough week for Indiana traditions. Jim Nabors won't be at the Indy 500, the IU-UK match-up has been scrubbed and the 500 field of 33 may be minus one for the first time since 1934. Is the sky falling? Maybe not, but it sure feels like it to us Hoosiers.

Irsay clears air, says Super Bowl could return by 2016

May 2, 2012
Colts owner isn't demanding a downtown hotel, nor is he trying to twist arms to get his way. He, like a lot of people here, wants another Super Bowl and is relaying the best information he has to make sure the city has the best shot at getting it.

Colts' Irsay touches hot button with hotel issue

May 1, 2012
It's true, you don't build a church for Easter Sunday. Here's another truth; Indianapolis isn't getting a second Super Bowl unless another big, posh downtown hotel is built. So what's the city to do?

Death of coach doesn't quiet echoes of his call

April 26, 2012
Thomas Jefferson Hathaway told everyday people—lawyers and nurses, wrench turners and paper pushers—“you are athletes,” and so they were.

Auction firm says Miller, Manning items could spike

April 23, 2012
New York-based Clean Sweep Auctions says Peyton Manning's Broncos memorabilia will never touch the value of his Colts items. Value of Reggie Miller items likely to rise after Hall of Fame induction.

Slap from national media could galvanize Pacers faithful

April 20, 2012
Here in Indiana, it's us against them. Just like 1994. And Larry Bird kind of likes it that way. He's not alone.

NFL schedule-makers kick Colts in gut

April 18, 2012
Despite owning No. 1 draft pick, the Indianapolis Colts get one prime-time game in 2012, on the road. Meanwhile, the Denver Broncos and Peyton Manning get five, the most allowed for one team by the NFL.

Long Beach race reveals IndyCar issues

April 16, 2012
IndyCar Series CEO Randy Bernard has two troubling things to ponder in the wake of Sunday's race; marketing and driver safety.

Bubba's big win lights up switchboard for Carmel event

April 10, 2012
Ticket sales for 2012 BMW Championship surge after dramatic victory by relative unknown at The Masters. Triumph almost guarantees Bubba Watson will play at Crooked Stick in September.

If Bird retires, is it Miller time?

April 9, 2012
While some have argued that Reggie Miller doesn't have the resume to take over as Pacers' basketball operations boss, others think he would be the connection that draws fans back to the Fieldhouse in droves.

Miller's Hall of Fame induction about more than 8.9 seconds

April 3, 2012
Backing from the East Coast media is what put Reggie Miller into the Hall of Fame. But that's not why he deserves to be enshrined in Springfield.

IndyCar emerges from disaster, but Indy awaits

April 2, 2012
After Dan Wheldon's death last season, few predicted the IndyCar Series would steer its new chassis and engine package into 2012 smoothly. But so far, the series has opened to mostly rave reviews. The series now faces its biggest test, and opportunity, at Indy.

Triumph brings Tiger Woods step closer to Crooked Stick

March 30, 2012
The PGA's most popular golfer is back, and just in time as organizers for the 2012 BMW Championship launch an ad campaign and begin selling single day tickets. Success at The Masters would make Tiger a near shoe-in to play at Crooked Stick this September.

Are Indy's sports fans fickle, frugal or something else?

March 27, 2012
Colts season ticket renewal rates are at a 10-year low. Pacers attendance is among the worst in the NBA. Is Indianapolis really the sports town it professes to be?

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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. Finance Images&ARG2=/Brainard, Jim