2010 Year in Review

Construction, manufacturing may lead economic recovery

December 24, 2010
Kathleen McLaughlin
The recession came to an official end 18 months ago, but Indiana’s unemployment rate hovered around 10 percent.
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WellPoint helps usher in health care reform

December 24, 2010
J.K. Wall
President Obama revived the health care reform bill by seizing on news of sharp premium hikes on individual customers by Indianapolis-based WellPoint Inc.
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Clarian moves forward with downtown expansion

December 24, 2010
J.K. Wall
Clarian Health, after the 2008 financial meltdown forced it to halt its aggressive building campaign, put the hard hats back to work in 2010.
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Battle breaks out over Mel Simon fortune

December 24, 2010
Cory Schouten
A long-simmering Simon family feud went public as members of one of the city’s most prominent families battled in a Hamilton County courtroom over the $2 billion estate of mall magnate Melvin Simon.
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Pacers, city negotiate $33M deal

December 24, 2010
Anthony Schoettle
The Indiana Pacers will stay put in Conseco Fieldhouse at least through 2012, thanks to a three-year deal approved July 16 by the city’s Capital Improvement Board.
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Ballard to raise millions through utility, meter deals

December 24, 2010
Francesca Jarosz
In the spring, Mayor Greg Ballard introduced a plan to sell the city’s water and sewer utilities to Citizens Energy Group, the public charitable trust that owns Citizens Gas. About six months later, he rolled out a deal to lease the city’s parking meters to a private operator.
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Bayh throws Democrats into a tizzy

December 24, 2010
Francesca Jarosz
The political world trembled on Feb. 15, when Indiana’s Democratic U.S. senator, Evan Bayh, announced he would not seek a third term.
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Eli Lilly puts faith in drug pipeline

December 24, 2010
J.K. Wall
Eli Lilly and Co. started to tip over its massive “patent cliff” this year, yet announced little publicly that will significantly soften its inevitable sales plunge.
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Scandal rocks IURC, Duke

December 24, 2010
Chris O'Malley
An ethics scandal at the Indiana Utility Regulatory Commission brought down its chairman along with two top Duke Energy executives and an IURC law judge-turned Duke employee who was at the center of the mess.
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Brizzi controversy colors prosecutor's race

December 24, 2010
Cory Schouten
Two-term Marion County Prosecutor Carl Brizzi drew attention for a series of questionable business deals with a local defense attorney and for his friendship and business ties to financier Tim Durham, who is under federal criminal investigation.
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Simon loses battle for General Growth

December 24, 2010
Cory Schouten
Just as shoppers began spending more cash at Simon Property Group Inc. malls, the Indianapolis real estate giant tried to open its own wallet for three huge deals—to mixed results.
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Smulyan fails to take Emmis private

December 24, 2010
Anthony Schoettle
Jeff Smulyan in 2010 tried for the second time in four years to take Emmis Communications Corp. private, only to see a group of dissident investors band together to block the deal at the 11th hour.
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Weak real estate market slams developers, banks

December 24, 2010
Anthony Schoettle
One local developer emerged from bankruptcy and another fought off growing financial woes as the commercial real estate market remained challenging.
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Arts groups prepare fundraising campaigns

December 24, 2010
Kathleen McLaughlin
This year, five organizations announced or began preparing for the launch of major campaigns. The targets ranged from $12.5 million for Heartland Truly Moving Pictures to $100 million for the Indianapolis Symphony Orchestra.
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Businesses saw shake-ups in 2010

December 24, 2010
Other news of note from the year.
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2010 NEWSMAKER: Daniels keeps fans in suspense

December 24, 2010
Francesca Jarosz
Political observers of Gov. Mitch Daniels see plenty of signs that the 61-year-old Republican is eyeing a presidential run in 2012.
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2010 NEWSMAKER: NCAA chief Emmert makes bold moves

December 24, 2010
Anthony Schoettle
Mark Emmert, who left his post in 2010 as University of Washington president to become president of the NCAA, didn’t waste any time making his first round of big decisions.
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2010 NEWSMAKER: Lucas lands Hilbert mansion

December 24, 2010
Scott Olson
Lucas Oil Products Inc. owners Forrest and Charlotte Lucas in October purchased the 25,000-square-foot Carmel mansion built by Conseco Inc. co-founder Stephen Hilbert.
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2010 NEWSMAKER: Lubbers changes higher-ed funding

December 24, 2010
J.K. Wall
Higher education Commissioner Teresa Lubbers ushered in a new era in higher education financing this year. But she’ll need to persuade the General Assembly to stick with it in 2011.
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2010 NEWSMAKER: Butler's Stevens scored along with team

December 24, 2010
Anthony Schoettle
In April, Butler University men's basketball coach Brad Stevens coached the Bulldogs to the NCAA Final Four, where Butler lost to heavy favorite Duke University by two points in the championship game at Lucas Oil Stadium.
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