Recent Blog Posts

Pacers launch TV ad campaign

June 13, 2008
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If you’ve been watching the National Basketball Association finals this week between the Boston Celtics and Los Angeles Lakers, you’ve noticed the latest television ad campaign by the Indiana Pacers airing on ABC. The eye-catching spots created by the team’s ad...
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IRL looks to race into Mexico

June 11, 2008
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Indy Racing League officials were in Mexico City early this week to look at a possible location for a race there, which could be held as early as 2009. It may have to be pushed to 2010, depending on scheduling...
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Air race circuit still eyes Indy

June 5, 2008
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The Detroit Free-Press reported that fans watching last weekend’s Red Bull Air Race World Series along the Detroit River got a “thrill-chill.” The crowd size assembled along the river banks might have thrilled Indianapolis...
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Pacers revive draft party

June 5, 2008
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The Indiana Pacers will host a party at Conseco Fieldhouse on June 26, where fans can watch the 2008 NBA Draft and hear from Pacers executives about the team’s draft. This marks the...
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NBA measures IU's Gordon

June 4, 2008
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The vital statistics are in from last week’s NBA pre-draft camp. It’s official: Eric Gordon is nowhere near 6-foot-4— the measurement used by Indiana University when he played there last season—not even in...
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Horizon League hunts sponsors

June 4, 2008
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The Horizon League and Nelligan Sports Marketing Inc. announced that they have agreed to a long-term extension to their partnership agreement that continues the New Jersey-based company’s exclusive rights to manage the Horizon League’s corporate sponsorship and marketing rights. “We are...
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Fisher races to get back on track

June 3, 2008
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Sarah Fisher is speeding ahead with plans to do at least two more Indy Racing League races this season. Despite the defection of two main sponsors and a crash at last month’s Indianapolis 500, Fisher still thinks her team will...
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IRL wins again in Milwaukee

June 2, 2008
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The Indy Racing League is continuing its popularity growth. After a strong month of May in Indianapolis, the IRL saw a 30 percent attendance increase at its race yesterday in Milwaukee, to just more than 30,000. While...
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Pacers sell $6 tickets

May 30, 2008
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The Indiana Pacers today began offering season tickets for about $6 per game. That’s one of the lowest ticket prices in the National Basketball Association. The cost is cheaper if you figure in preseason games, which are included in the...
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Indy Star loses another sports vet

May 30, 2008
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The Indianapolis Star is about to lose its third sports department veteran since April. Star Sports Editor Jim Lefko announced this week that assistant sports editor Pat McKee will depart the state’s largest daily...
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Big Ten shoots for corporate deals

May 29, 2008
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The Big Ten Conference recently hired Dallas-based Learfield Sports to bring in more revenue from sponsorships, hospitality and other corporate initiatives. Big Ten and Learfield Sports officials announced they have signed a pact where Learfield will develop an exclusive corporate partner...
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IRL has new problem, new race

May 29, 2008
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The Indy Racing League has a new problem. Too many cars. Twenty-seven car-driver combos are expected to show up for this weekend’s Milwaukee Mile. The problem is, the short oval only has room for 26...
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Pacers cool on IU's Gordon

May 28, 2008
Comments(6)
The Indiana Pacers won’t likely have a shot at Indiana’s Eric Gordon in next month’s National Basketball Association draft. Most hoops prognosticators project Gordon to go seventh or eighth in the June 26...
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There's something about Sarah

May 27, 2008
Comment(1)
People are still fascinated with open-wheel racer Sarah Fisher despite the problems she’s had during the month of May in Indianapolis. Actually, sports marketers think people might be fascinated with her because of the...
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Bottle of milk cool at Indy

May 27, 2008
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College football has the Heisman Trophy, hockey has the Stanley Cup and The Master’s has the green jacket. But none are as cool as the bottle of milk awarded to the winner of...
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Pats fan shown Hoosier hospitality

May 25, 2008
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New Hampshire teen-ager Anna Grant, treated like a villain in the RCA Dome four months ago, is being treated like a queen today at the Indianapolis Motor Speedway. Grant, 14, made news when she...
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Rain doesn't stall Carb Day party

May 23, 2008
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Rain today didn’t dampen attendance at the Indianapolis Motors Speedway. Cars lined up for more than two hours along 16th Street to get in to the famed Brickyard for Carb Day. And crowds did not...
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IRL, Honda sign deal through 2013

May 23, 2008
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Honda and the Indy Racing League officials announced today they have reached a deal to make the Japanese auto maker the engine supplier to the open-wheel racing series through 2013. Honda officials said they still hope IRL officials will bring in...
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Indy 500 teams still lack sponsors

May 23, 2008
Comments(6)
For all the touting of higher television ratings, attendance and series Web site visits, there’s one glaring shortcoming that shows the Indy Racing League still has challenges. Fourteen of the 33 cars that qualified...
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IRL signs 5-year Long Beach deal

May 22, 2008
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Indy Racing League officials today confirmed they have finalized a contract to hold a race in a new, important market next year. The IRL signed a five-year deal with The Grand Prix Association of...
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Anatomy of a Super vote

May 22, 2008
Comments(5)
If you’re wondering how the voting action went behind closed doors for the 2012 Super Bowl site Tuesday in Atlanta, this is what several team owners and executives told IBJ. Indianapolis, followed by Phoenix, then Houston made separate 15-minute pitches. Only four...
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Labor storm could hurt Super Bowl

May 21, 2008
Comments(2)
There’s a dark cloud hovering over Indianapolis’ selection by National Football League owners to host the 2012 Super Bowl. The roar that raced from Atlanta where the decision was made Tuesday to Indianapolis almost...
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Former foe backs Indy's Super bid

May 20, 2008
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Super Bowl site selections can create odd alliances among the 32 wealthy fellows casting the votes. The man who last year single-handedly dismantled Indianapolis’ bid to host the 2011 game came this year to the Circle City’s defense. With Indianapolis embroiled...
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Anti-Indy sentiment persists

May 20, 2008
Comments(6)
There are still plenty of people in NFL circles who think Indianapolis is no place for a Super Bowl. And yes, some of those are among the 32 team owners and other team executives. Indianapolis remains a favorite today to...
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Super Bowl lobbying effort goes OT

May 19, 2008
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Indianapolis won round 1 of the battle to host the 2012 Super Bowl. After a Super Bowl committee meeting this afternoon, it was determined that Indianapolis will present first, followed by Phoenix, then Houston. Indianapolis will give its 15-minute presentation...
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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. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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