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Scott Olson
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Lou Harry
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Anthony Schoettle
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Andrea Muirragui Davis
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J.K. Wall
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Recent Blog Posts

Contrasting United Way, Wheeler

February 20, 2008
Comments(4)
Businesses and their employees opened pockets last year to enable United Way of Central Indiana to hit a record $39 million in contributions. The not-for-profit attributed the good news to hustle by campaign co-chairmen who offered money from their...
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Do you feel poorer?

February 20, 2008
Comments(5)
Inflation is speeding up and wage growth is slowing down, the U.S. Bureau of Labor Statistics said this morning. Blame rising oil prices for the inflation and the slowing economy for the sluggish wage growth, says the Economic Policy Institute, a...
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NFL Combine happy in Indy

Cory Schouten
February 20, 2008
Comments(6)
With all that’s happening on the local sports scene, it’s easy to forget about the NFL Scouting Combine, which begins today in the RCA Dome. The Combine, which was first held in Indianapolis in 1987, is an event that has...
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TV alert: Sondheim tonight

Bruce Hetrick
February 20, 2008
Comments(4)
Today I am PBS’ biggest fan. That’s because tonight, the long-running series “Great Performances” is premiering “Company,” a taped-from-the-stage production of the George Firth/Stephen Sondheim musical. In case you are unfamiliar, “Company” is a landmark musical from 1970 that bypassed traditional story...
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Danica look-alikes at LaGuardia

Cory Schouten
February 20, 2008
Comments(2)
AirTran Airways, a sponsor of Danica Patrick’s, recently announced that passengers at LaGuardia Airport in New York will have the privilege of their own personal pit crew to get through check-in fast, thanks to a hustling team of Danica Patrick...
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Latest real estate headlines

Cory Schouten
February 19, 2008
Comments(29)
It's a busy week for real estate news. Here are a few headlines: Circuit City closes Clay Terrace store Carmel's high-end lifestyle center Clay Terrace has an empty big box. Virginia-based Circuit...
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Affordable housing...again

February 19, 2008
Comments(0)
Indianapolis is now the most affordable large market in which to buy a house 10 quarters running. Thatâ??s according to an index the National Association of Home Builders and Wells Fargo put out this afternoon. In the past quarter, 46.6 percent...
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Wheeler staying put downtown

Cory Schouten
February 19, 2008
Comments(30)
Wheeler Mission Ministries has no plans to sell its prime downtown real estate, despite financial troubles that have led the not-for-profit to close its eastside operation. Wheeler said it plans...
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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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