News & Analysis

Noblesville OKs $40 million upscale apartment project

April 5, 2013
Andrea Muirragui Davis
The vast multifamily project in the city’s massive Corporate Campus would effectively close out such development there. City officials hope it will attract more businesses.
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Ice likely to play more games at revamped Pan Am facilities

April 5, 2013
Scott Olson
Building owner Kite Realty Group Trust has agreed to renovate the aging facility's ice rinks to enable the hockey team to play more games there next season.
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Greenwood pet store stocked with exotic critters

April 5, 2013
Associated Press
From tarantulas to emperor scorpions and monitor lizards, Pandemonium Exotics caters to enthusiasts looking for pets beyond a dog or cat.
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Indiana Senate leader opposes fenced deer hunting

April 5, 2013
Associated Press
The leader of the Indiana Senate says he'll kill an amendment that would allow five fenced deer-hunting preserves around the state to remain open.
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U.S. unemployment rate dips despite tepid job growth

April 5, 2013
Associated Press
Employers added just 88,000 jobs in March, the fewest in nine months. The jobless rate slipped to its lowest percentage in four years, but only because more people stopped looking for work.
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Indy publishing legend exits after 32 years

April 5, 2013
Chris O'Malley

Deborah Paul blazed a trail as editor in chief of Indianapolis Monthly, and later headed similar magazines across the country. She cleaned out her desk at Emmis Publishing this week. "It's a mistake to get off the stage too late," she said.

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Simon sticks with key terms of CEO's pay despite shareholder ire

April 5, 2013
Greg Andrews
The company made small adjustments to David Simon's package but left in place the element that created the largest controversy—a stock retention bonus valued at $120 million he'll receive if he stays through July 2019.
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Duke rolls out new Indiana economic development plan

April 5, 2013
Associated Press
The state's largest power company says it's revamping its Indiana economic development program to improve opportunities for communities to attract jobs and capital investment.
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Senate budget pushes highway expansion, small tax cuts

April 4, 2013
 IBJ Staff and Associated Press
Indiana lawmakers and Gov. Mike Pence drew closer to a budget compromise Thursday with the unveiling of a $30 billion Senate plan that cuts the state income tax by $150 million and establishes a new roads fund.
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Indiana governor against school guns mandate

April 4, 2013
Associated Press
Indiana Gov. Mike Pence says he believes local school officials should make decisions about security rather than being required to have an employee armed with a loaded gun during school hours.
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Developers say bill would kill Indiana coal-gas plant

April 4, 2013
Associated Press
The House Utility Committee approved a bill Wednesday that would send the $2.8 billion project back to regulators for another round of reviews unless the Indiana Supreme Court sides with the project's developers
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WellPoint execs get double-digit pay bumps while stock falls

April 4, 2013
J.K. Wall
The Indianapolis-based health insurer’s board of directors approved higher compensation heading into 2012, after most of its top executives saw their pay hold steady or decline in 2011.
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Monument Circle face-lift set to move forward

April 4, 2013
Kathleen McLaughlin
The city recently signed a $555,750 contract with a local firm for design work on the Circle, leading to a two-year repaving project with other improvements.
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Kelley School launching MBA for midcareer physicians

April 4, 2013
Bloomberg News
The idea behind the program, which starts in September, is that doctors can no longer leave the business aspect of their jobs to the finance guys while maintaining their integrity as healers.
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Senate panel advances looser superintendent rules

April 4, 2013
Associated Press
A proposal to no longer require Indiana's local school superintendents to hold a state superintendent's or teacher's license is advancing in the Legislature.
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GM to invest $332M in factories, including Indiana plant

April 4, 2013
Associated Press
In Indiana, GM plans to spend $29.4 million for a metal castings plant in Bedford to make parts for small engines and for the new eight-speed and existing six-speed automatic transmissions.
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Skating academy to close ice rinks at Pan Am Plaza

April 3, 2013
 IBJ Staff
Indiana World Skating Academy, a fixture in downtown Indianapolis since 1987, plans to suspend operations of its two indoor ice rinks at Pan Am Plaza this month and begin looking for a new location, the not-for-profit announced Wednesday.
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Charlie & Barney's ends 36-year restaurant run

April 3, 2013
Scott Olson
Indianapolis chain Charlie & Barney's, known for its chili, has closed its flagship downtown location, leaving it without a restaurant for the first time since its 1977 founding.
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Senate budget expected to boost road funding

April 3, 2013
Kathleen McLaughlin
Local governments and road builders are optimistic that the Indiana Senate's version of the state budget, set to debut Thursday, will mirror the House's $500 million increase for road building.
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Butler lands $10M grant for sciences expansion

April 3, 2013
 IBJ Staff
Butler University has received a $10 million grant from the Richard M. Fairbanks Foundation to help the school expand its sciences efforts, Butler announced Wednesday morning.
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Lawmakers hope to woo gun manufacturers to Indiana

April 3, 2013
 The Statehouse File
Two resolutions, including one that passed the House on Tuesday, aim to attract gun manufacturers to Indiana by touting the state's tax climate and gun-rights laws.
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Outgoing WellPoint CEO made more than $20M last year

April 2, 2013
Associated Press
The compensation paid to outgoing Wellpoint Inc. CEO Angela Braly last year rose 56 percent, even as the company's shares slid on lower enrollment in its Blue Cross Blue Shield health plans.
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Developer plans solar farms on 286 acres in southern Marion County

April 2, 2013
Dan Human
A Minnesota firm with a 15-year contract with IPL wants to install solar panels and power stations on two different sites as part of a $50 million-plus project.
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Indiana House speaker Bosma out with knee infection

April 2, 2013
Associated Press
A House Republican spokeswoman said Bosma learned from tests Monday that an infection had developed in a knee and he needed immediate surgery.
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Former university chancellor alleges gender bias

April 2, 2013
Associated Press
The former chancellor of Indiana-Purdue Fort Wayne says in a federal lawsuit that the trustees of Purdue University forced him into retirement because former President France Cordova wished to hire more female administrators.
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