IBJBlogs

Property Lines
Scott Olson
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IBJ Lou Harry's A&E Blog
Lou Harry
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The Score
Anthony Schoettle
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North of 96th
Andrea Muirragui Davis
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The Dose
J.K. Wall
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Recent Blog Posts

Westfield council will wait to decide on landmark towers

Andrea Muirragui Davis
July 14, 2014
Comments(0)
Westfield City Council is delaying a decision on a $3 million plan to erect two concrete-and-steel towers at a prominent U.S. 31 intersection.
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Review: Acting Up's 'The Tragedy of Hamlet'

Lou Harry
July 14, 2014
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Acting Up Productions isn't the first theater company to cast a woman as the great Dane. But what could have been a gimmick instead proved to be a casting coup.
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REVIEW: "Hair" at the Athenaeum

Lou Harry
July 11, 2014
Comments(0)
There are worse problems to have in theater than an audience so enthusiastic about what they are seeing and hearing that their hooting and hollering dampens the emotional impact of the end of your show.
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Upscale salon closes Clay Terrace storefront

Andrea Muirragui Davis
July 11, 2014
Comments(10)
High-end David & Mary Salon Spa has closed its Clay Terrace location after months of grappling with road construction, frigid weather and the loss of several key employees. Plus: Macaroni Grill leaves Carmel.
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Carmel cancels pharmaceutical firm's tax break

Andrea Muirragui Davis
July 11, 2014
Comment(1)
Carmel City Council voted 6-0 Monday to terminate a tax abatement for Pharmakon LTC Pharmacy, which relocated its drug-repackaging operation to Noblesville last year.
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Doctors' drug money

J.K. Wall
July 10, 2014
Comments(9)
Indiana physicians and research organizations reaped more than $25 million in payments from 15 pharmaceutical firms in 2012, according to the most recent data made available by the not-for-profit group ProPublica. Lilly was the biggest spender and the IU medical school was the biggest recipient.
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IndyCar team selling off assets at auction

Anthony Schoettle
July 10, 2014
Comments(30)
Panther Racing, once one of the best little teams in the IndyCar Series, is now being sold off in pieces. A number of high-profile items are expected to draw a crowd.
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Former Omar Bakery building on East 16th set for revamp

Scott Olson
July 10, 2014
Comments(3)
A Lincoln, Neb-based firm plans to spend up to $8 million to convert the nearly century-old vacant building into a mix of apartments and retail uses, possibly furthering the revitalization of the East 16th Street corridor.
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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.

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