News & Analysis

Airport seeks broker to market ex-ATA HQ

May 5, 2011
Chris O'Malley
The Indianapolis Airport Authority plans to hire a broker to market the 16.5-acre campus along Washington Street near Indianapolis International Airport once used by ATA Airlines. It has been vacant for three years.
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East-side apartment complex facing foreclosure

May 5, 2011
One West Bank in California says it is owed nearly $3.3 million, and is seeking to foreclose on Red Mill Apartments near East 38th Street and North Franklin Road.
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Medical device manufacturer seeks abatement

May 5, 2011
Indianapolis-based Medivative Technologies plans to build a 9,000-square-foot addition to its east-side facility and spend $2.5 million to equip it. The expansion should create 15 jobs.
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Eli Lilly pledges $2.5 million to Mind Trust

May 5, 2011
J.K. Wall
Eli Lilly and Co. plans to give $2.5 million toward a new fundraising campaign by the Mind Trust, an Indianapolis-based education reform group.
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Pence to enter race for Indiana governor

May 5, 2011
Associated Press
To no one's surprise, Republican Rep. Mike Pence said Thursday morning that he'll run for Indiana governor in 2012, giving the GOP an early edge in the race.
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Disasters sink Baldwin & Lyons quarterly results

May 5, 2011
 IBJ Staff
Earthquakes and flooding took a toll on Baldwin & Lyons Inc.’s first quarter results, the Indianapolis-based insurer announced Thursday morning.
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Justice Department to NCAA: Why no football playoff?

May 5, 2011
Associated Press
The U.S. Justice Department says there are "serious questions" about whether the current format of the college football playoff system complies with antitrust laws.
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House panel moves to revive alternate jet engine

May 4, 2011
Associated Press
A U.S. House panel on Wednesday took a step toward reviving the alternate engine for the next-generation F-35 fighter plane that the Indianapolis operations of Rolls-Royce Corp. had been working on until a month ago.
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Panel to rule in June on election chief challenge

May 4, 2011
Associated Press
The Indiana Recount Commission agreed Wednesday to rule by late June on whether indicted secretary of state Charlie White was eligible for office when he was elected six months ago.
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Butler University student wins Frankfort mayoral nod

May 4, 2011
Associated Press
A 23-year-old Butler University student is now a step away from becoming mayor of a small central Indiana city.
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LEADING QUESTIONS: Fast-growing firm handles ascent

May 4, 2011
Mason King
LQ_Meyer_watch VideoMichele Meyer, a former Air Force brat, piloted CSCI Consulting to 850 percent revenue growth over four years. So, why is her advice to "start small"? What obstacles await when a firm takes off?
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Kitchen incubator celebrates graduation of first user

May 4, 2011
Avec Moi, a company that prepares meals to go, is moving to a permanent home at 701 E. 62nd St. In recognition of the event, the city of Indianapolis awarded Indy's Kitchen a $17,000 grant.
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Calumet turns profit on higher product demand

May 4, 2011
The Indianapolis-based company reported first-quarter profit of $4.2 million after posting a loss in the year-ago period.
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Indianapolis Speedway exec wins Terre Haute nod

May 4, 2011
Associated Press
Democratic voters in Terre Haute have picked Indianapolis Motor Speedway executive Fred Nation to run against the city's incumbent Republican mayor this fall.
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Greenwood mayor rare incumbent to lose in area primaries

May 4, 2011
Four-term incumbent Charles Henderson was defeated, in part because of his plan to revitalize the city's downtown by destroying several historic buildings. Most other incumbent mayors in the Indianapolis metropolitan area were winners.
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Perry Township referendums pass, others fail

May 4, 2011
 IBJ Staff
Voters in the Metropolitan School District of Perry Township passed two referendums for increased school funding Tuesday night, but similar votes in Franklin Township and Avon failed.
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Auction services firm improves revenue, profit

May 4, 2011
 IBJ Staff
The parent company of the Adesa auto auction firm more than quadrupled its first-quarter profit on revenue that increased 5 percent.
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Ex-Indianapolis deputy mayor Kennedy wins primary

May 3, 2011
Associated Press
Former Indianapolis Deputy Mayor Melina Kennedy has easily won the city's Democratic mayoral primary and will face first-term GOP incumbent Greg Ballard in the November general election.
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J.D. Byrider sold to private equity firm

May 3, 2011
Scott Olson
The Indianapolis-based used-car chain has been acquired by Altamont Capital Partners near San Francisco, in a deal Byrider executives say will give the franchisor the necessary capital to grow.
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UPDATE: Republic Airways loses $22M on fuel, maintenance

May 3, 2011
 IBJ Staff and Associated Press
Indianapolis-based Republic Airways Holdings Inc. said it lost $22.4 million during the first quarter on higher fuel and maintenance costs.
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Verizon retirees coming to city to protest executive pay

May 3, 2011
 IBJ Staff
The Association of BellTel Retirees Inc. will press the board of Verizon Communications Inc. to tighten standards for executive pay when the New York company holds its annual meeting in Indianapolis this week.
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'Survivor' star looking for investors for casino game

May 3, 2011
Scott Olson
Rupert Boneham has created a casino table game and is searching for investors to help market it. A portion of the game's revenue will benefit his Indianapolis charity, Rupert's Kids.
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Duke Energy quarterly profit rises almost 15 percent

May 3, 2011
Associated Press
Duke Energy Corp.'s first-quarter earnings rose almost 15 percent on strong results from its international operations and lower corporate costs.
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School moving to vacant downtown building

May 3, 2011
Tom Harton
A small private school that serves gifted and talented students intends to move to a downtown building that has been vacant since a daycare center moved out three years ago.
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Watchdog: State agency heads colluded on gas deal

May 2, 2011
Chris O'Malley
Former Indiana Utility Regulatory Commission chief David Hardy and the state's then-finance director, Jennifer Alvey, improperly discussed the merits of a $6.9 billion contract the Indiana Finance Authority ultimately struck with operators of the Indiana Gasification plant proposed for Rockport, plant opponents alleged Monday.
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  1. Hiking blocks to an office after fighting traffic is not logical. Having office buildings around the loop, 465 and in cities in surrounding counties is logical. In other words, counties around Indianapolis need office buildings like Keystone, Meridian, Michigan Road/College Park and then no need to go downtown. Financial, legal, professional businesses don't need the downtown when Carmel, Fishers, North Indy are building their own central office buildings close to the professionals. The more Hamilton, Boone county attract professionals, the less downtown is relevant. Highrises have no meaning if they don't have adequate parking for professionals and clients. Great for show, but not exactly downtown Chicago, no lakefront, no river to speak of, and no view from highrises of lake Michigan and the magnificent mile. Indianapolis has no view.

  2. "The car count, THE SERIES, THE RACING, THE RATINGS, THE ATTENDANCE< AND THE MANAGEMENT, EVERY season is sub-par." ______________ You're welcome!

  3. that it actually looked a lot like Sato v Franchitti @Houston. And judging from Dario's marble mouthed presentation providing "color", I'd say that he still suffers from his Dallara inflicted head injury._______Considering that the Formula E cars weren't going that quickly at that exact moment, that was impressive air time. But I guess we shouldn't be surprised, as Dallara is the only car builder that needs an FAA certification for their cars. But flying Dallaras aren't new. Just ask Dan Wheldon.

  4. Does anyone know how and where I can get involved and included?

  5. While the data supporting the success of educating our preschoolers is significant, the method of reaching this age group should be multi-faceted. Getting business involved in support of early childhood education is needed. But the ways for businesses to be involved are not just giving money to programs and services. Corporations and businesses educating their own workforce in the importance of sending a child to kindergarten prepared to learn is an alternative way that needs to be addressed. Helping parents prepare their children for school and be involved is a proven method for success. However, many parents are not sure how to help their children. The public is often led to think that preschool education happens only in schools, daycare, or learning centers but parents and other family members along with pediatricians, librarians, museums, etc. are valuable resources in educating our youngsters. When parents are informed through work lunch hour workshops in educating a young child, website exposure to exceptional teaching ideas that illustrate how to encourage learning for fun, media input, and directed community focus on early childhood that is when a difference will be seen. As a society we all need to look outside the normal paths of educating and reaching preschoolers. It is when methods of involving the most important adult in a child's life - a parent, that real success in educating our future workers will occur. The website www.ifnotyouwho.org is free and illustrates activities that are research-based, easy to follow and fun! Businesses should be encouraging their workers to tackle this issue and this website makes it easy for parents to be involved. The focus of preschool education should be to inspire all the adults in a preschooler's life to be aware of what they can do to prepare a child for their future life. Fortunately we now know best practices to prepare a child for a successful start to school. Is the business community ready to be involved in educating preschoolers when it becomes more than a donation but a challenge to their own workers?

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