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News & Analysis
Lockheed Martin planning Indianapolis layoffs
October 19, 2009
IBJ StaffMaryland-based Lockheed Martin will idle 10 percent of the employees at its Indianapolis call center as a result of declining
call volumes and "funding issues" that are cutting short a five-year federal contract worth a total of $80 million.
MoreCash-strapped Hoosier Park racing to restructure $400M in debt
October 17, 2009
Peter SchnitzlerDespite rampant speculation, Anderson’s Hoosier Park is not facing imminent bankruptcy, according to its owner, locally
based Centaur Inc.
MoreConsultant: Indianapolis water utility lax in overseeing Veolia
October 17, 2009
Chris O'MalleyThe city too often relied on the Department of Waterworks’ board, on consultants and on the private
operator, Veolia Water, rather than on the department’s own staff “to ensure safe and efficient
operation, maintenance and management” of Indianapolis Water. That’s one of several critical
findings of a consultant hired by the department and filed as part of a 35-percent rate-hike request
pending before the Indiana Utility Regulatory Commission.
MoreSymphony's CEO trying to steer through challenging time
October 17, 2009
Kathleen McLaughlinSimon Crookall is trying to hire a maestro who will excite audiences at the same time he’s trying to pull the Indianapolis
Symphony Orchestra out of
a financial tailspin.
MoreGerman company to buy Eli Lilly's Lafayette plant
October 17, 2009
J.K. WallEli Lilly and Co. will sell its manufacturing plant in Lafayette to a German company in its first major move toward reducing
its work force by 5,500 employees and cutting its operating expenses by $1 billion.
MoreDoctors link together to experiment with 'one-stop shopping'
October 17, 2009
Scott OlsonSpecialists are clustering to focus on a single ailment, such as pain, to cut costs and improve quality of treatment.
MoreCarmel entrepreneurs with ties to ExactTarget hope SmartFile outshines competitors
October 17, 2009
Chris O'MalleyFile-hosting firm is launching new security software that could set it apart in a crowded field.
MoreFunding cut jeopardizes popular Indiana Artisan program
October 17, 2009
Anthony SchoettleA state-run program aimed at boosting business for local artisans—ranging from painters to syrup makers—and
turning them into a draw for tourists is in jeopardy because of dramatic funding cuts.
MoreBig profits elevate ITT Educational into rare class
October 17, 2009
J.K. WallCEO Kevin Modany and his management team have become accustomed to regulatory uncertainty—and to growing the business
at a pace most executives can only dream about.
MoreFirst-time buyer tax credit isn't moving pricier homes
October 17, 2009
Cory SchoutenThe incentive has not generated a hoped-for boost in sales of homes at higher price-points. About 30 percent of the sales
eligible for the tax credit are foreclosures, meaning the seller likely won’t buy another home.
MoreDuke Realty to unload local land holdings at auction
October 17, 2009
Cory SchoutenThe locally based company plans to raise millions of dollars by selling nine undeveloped
tracts in Indianapolis, Fishers, Plainfield and Lebanon.
MoreBloomington mayor to roll out chain-store ordinance for downtown
October 17, 2009
Kathleen McLaughlinBloomington Mayor Mark Kruzan believes this beloved college town loses a bit of its identity every time a national chain sets
up shop.
MoreSales of luxury suites slow at most Indianapolis sports venues
October 17, 2009
Anthony SchoettleTen years ago, the Indiana Pacers sold out their 69 Conseco Fieldhouse suites and the Indianapolis Motor Speedway
barely touched a phone to sell its 120 luxury boxes. But entertaining at luxury suites is out of vogue
now, thanks to the recession and companies keeping a closer eye on spending.
MoreGovernor to merge state museum into new agency
October 16, 2009
Kathleen McLaughlinIndiana Gov. Mitch Daniels is planning to merge the Indiana State Museum, 12 historic sites and state library under one new
agency, according to sources close to the museum.
MoreEndocyte receives $26M infusion from investors
October 16, 2009
West Lafayette-based Endocyte Inc. announced Friday that it has closed on $26 million in equity financing to help the company
continue developing cancer-fighting drugs.
MoreState's health IT groups seek stimulus funds
October 16, 2009
Some of Indiana's leading organizations in health information technology are collaborating on an effort to receive several
million dollars of stimulus funding.
MoreArea building permits fall for 23rd straight month
October 16, 2009
The number of building permits issued in the nine-county Indianapolis area fell 20 percent in September from the same time
last year, marking 23 consecutive months of declines.
MoreWNDY to broadcast 13 Butler games
October 16, 2009
IBJ StaffLocal TV station WNDY Channel 23 announced Friday that it will broadcast 13 Butler University men's basketball games this
season, starting with the Bulldogs' Nov. 21 game at the University of Evansville.
MoreArt museum imposes unpaid vacations to save cash
October 15, 2009
Kathleen McLaughlinThe Indianapolis Museum of Art will furlough its staff of 270 for one week this fiscal year in an effort to trim $1.4 million,
or 5.5 percent, from its $25.5 million budget.
MoreState seeks at least $6.5M for 19-acre site
October 15, 2009
IBJ StaffThe Indiana Finance Authority said Thursday it plans to auction off a vacant 19-acre development parcel between the White
River and Fall Creek near downtown Indianapolis.
MoreFishers water park developer hopeful despite setback
October 15, 2009
Scott OlsonThe developer of a proposed hotel and water park in Fishers remains optimistic the project will get finished, despite the
latest setback delaying the start of construction by at least two years.
MoreProgress stalls on national, state math scores
October 15, 2009
IBJ Staff and Associated PressIndiana's students outscored the national average in mathematics on the 2009 National Assessment of Educational Progress,
but the results show little improvement over previous years.
MoreTougher smoking ban passes committee
October 15, 2009
IBJ StaffAn ordinance that would prohibit lighting up in bars, bowling alleys and nightclubs, and nearby outdoor seating areas as well,
was endorsed 4-2 by a City-County Council committee Wednesday night.
MorePlanned Parenthood cuts jobs, closing health centers
October 14, 2009
Scott OlsonPlanned Parenthood of Indiana has cut 25 jobs and will close six health centers around the state as part of a restructuring
it attributed to a decline in federal funding.
MoreDow Jones industrials close above 10,000
October 14, 2009
Associated PressThe Dow Jones industrial average is back above 10,000 for the first time in a year.
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.