News & Analysis

Indiana House budget leader expects plan next week

February 7, 2011
Associated Press
The House Ways and Means Committee began taking public testimony Monday about the two-year state budget plan after four weeks of hearings with state agencies and universities.
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Dallas lessons should strengthen Super Bowl in Indy

February 7, 2011
Anthony Schoettle
There’s a lot Indianapolis can learn from the folks in Dallas about hosting a Super Bowl. One of the biggest lessons: Plans are important, but they’re not everything.
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Emmis decision to pay CEO legal fees illegal, financier says

February 7, 2011
Scott Olson
Alden Global Capital, a firm Emmis CEO Jeff Smulyan is suing for backing out of a deal to finance his efforts to take Emmis private, charges that a $200,000 loan Emmis made to pay his legal fees violates the Sarbanes-Oxley Act.
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Council to vote on funding for North of South project

February 7, 2011
The City-County Council will consider Monday evening whether to allow the city to issue $98 million in bonds to finance a portion of the controversial $155 million development.
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Airport garage still open after fabric roof collapse

February 7, 2011
 IBJ Staff
The collapse is being blamed on ice and snow that accumulated on the canopy, sending chunks crashing into the garage’s atrium. Six parked rental cars were damaged, but nobody was hurt.
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Mourdock says he's made decision about Senate run

February 6, 2011
Associated Press
Indiana state Treasurer Richard Mourdock says he's made a decision and will make an announcement soon about whether he'll challenge longtime U.S. Sen. Richard Lugar in the 2012 Republican primary.
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Bill would limit school referendum campaigns

February 6, 2011
Associated Press
State Rep. Cindy Noe, R-Indianapolis, wants to stop schools from using public money and bar school employees from campaigning for referendums that would raise property taxes.
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Indiana's promised scholarships caught in budget bind

February 6, 2011
Associated Press
The growing popularity of the 21st Century Scholars program and the state's recession-driven budget bind has state officials looking to tighten up both the academic and financial requirements.
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Indiana lawmaker pushes Sunday sales of alcohol, cars

February 5, 2011
Associated Press
Indiana shoppers would be able to buy a six-pack of beer or a new car on Sundays if state Sen. Phil Boots is successful in rolling back two of the few remaining blue laws still in effect in Indiana.
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NFL lockout could prove costly to Indy economy

February 5, 2011
Associated Press
The worst case scenario — no season — would mean the city of Indianapolis sustaining the most expensive hit in league history.
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Bill would expand powers of campus police officers

February 5, 2011
Associated Press
Police officers at Indiana colleges and universities could have the same authority as city and county officers under a bill introduced in the General Assembly.
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Indians adding dining option to Victory Field

February 5, 2011
Cory Schouten
The Indianapolis Indians have torn out about 400 seats in Victory Field's left flank to make way for Captain Morgan Cove—an open-air restaurant and bar that will feature a menu separate from other stadium offerings and table service for up to 120 fans.
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Tax credit would benefit public school foundationsRestricted Content

February 5, 2011
Kathleen McLaughlin
Ellettsville Democrat Vi Simpson wants to create an income-tax credit for gifts to public-school foundations, which could compete with one that’s already available for private-school scholarships.
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Software startup takes on personal finance heavyweightsRestricted Content

February 5, 2011
Francesca Jarosz
MyJibe forces everyday consumers to set savings goals and plan what they will need to spend before they spend it.
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Bond wariness might make it tough for cities to borrowRestricted Content

February 5, 2011
Francesca Jarosz
Interest rates on municipal bonds have ticked up in the last two months to pre-recession levels as investors have pulled their money from bond funds in droves. That pattern has begun, gradually, to reverse, but the higher rates could add to the cost of issuing debt for pending city projects.
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New rules rile Steak n Shake franchiseesRestricted Content

February 5, 2011
Cory Schouten
Franchise owners of Steak n Shake restaurants are revolting against parent company Biglari Holdings Inc. just as the chain plans a nationwide expansion fueled by franchising.
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Health insurance brokers set for shakeoutRestricted Content

February 5, 2011
J.K. Wall
Health insurance brokers, who match up employers with health insurance policies, are about to have a brighter light shone on the commissions they earn from insurers. The likely result: Commissions will fall or flatline and, eventually, fall away in favor of fee-based business models.
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Will city be ready for Super Bowl blitz?

February 5, 2011
Anthony Schoettle
The compact nature of downtown Indianapolis—long seen as a major draw for conventions and other events—is creating challenges for organizers of next year’s Super Bowl.
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INSIDE DISH: Squealers goes whole hog on franchising

February 4, 2011
Mason King
Dish_Squealers_watch_videoJeff Yater has ushered his meat-lovers concept from the barbecue competition circuit to two Indy-area restaurants. Now he wants to recruit wannabe franchisees with $500,000 and a passion for chicken, beef and pork.
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2010 compensation fell about 20 percent for top Lilly execs

February 4, 2011
J.K. Wall
Compensation for Eli Lilly and Co.’s top executives fell last year due to a change to its stock award program and as the company struggled to bring new medicines to market.
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Cancer drugmaker Endocyte raises $75 million in IPO

February 4, 2011
Bloomberg News
Indiana-based Endocyte Inc., a developer of drugs for ovarian and lung tumors, raised $75 million in its initial public offering after cutting the price twice this week for a total reduction of as much as 60 percent.
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Purdue cancels $28 million coal-fired power plant

February 4, 2011
Associated Press
The school's board of trustees voted Friday morning to cancel the $28 million project for the Wade Utility Plant based on financial and regulatory concerns.
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Indiana Farm Bureau unveiling ads during Super Bowl

February 4, 2011
Scott Olson
The insurer's new campaign, developed by local advertising firm Young & Laramore, focuses on real-life situations amid a crowded field of competitors.
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Consumer groups balk at bills to speed utility cost recovery

February 4, 2011
Chris O'Malley
Proposals would mitigate rate spikes, says utility industry. Consumer groups call proposed legislation a rubber stamp for utilities.
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Brightpoint shares bask in afterglow of earnings report

February 4, 2011
The stock has soared more than 28 percent since Wednesday's earnings report.  Growth of smart phones and European logistics prospects helped Brightpoint beat earnings estimates.
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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

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