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News & Analysis
Union says Navistar foundry closing a surprise
January 28, 2009
Kathleen McLaughlinUnited Auto Workers officials are hoping to find a way to keep open the foundry that has been associated with an east-side
engine plant for 70 years, despite Navistar International Corp.'s plans to close both facilities by July 31.
MoreHousing market may have hit bottom
January 26, 2009
Sam StallHere's something that passes as good news for central Indiana's moribund housing market: Prices might hold steady this year,
after falling nearly 7 percent from their 2006 peak.
MoreVolatile prices take a toll on gas station owners
January 26, 2009
Cory SchoutenLast year's record-high fuel prices played a big role in a rash of shuttered gas stations in Indianapolis. The number of gas
stations nationwide has slipped from about 200,000 in
the 1990s to fewer than 160,000 today. In Indiana, the count
has dropped from 3,500 to about 3,000.
MoreDevelopers to pitch projects near public housing towers
January 26, 2009
Cory SchoutenThe Indianapolis Housing Agency is asking developers to pitch plans to build new residential
or commercial space on land surrounding the 21-story John J. Barton Apartments at 555 Massachusetts Ave. and the 15-story
Lugar Tower at 901 Fort Wayne Ave.
MoreHilbert fears mother-in-law victim of foul play
January 26, 2009
Peter SchnitzlerIndianapolis businessman Steve Hilbert fears foul play in the recent
death of his mother-in-law—a suspicion fueled by a new federal
lawsuit alleging a woman by the same name was caught up in a
$15-million life insurance fraud scheme.
Though he
acknowledges having no hard evidence, Hilbert said he has asked law
enforcement authorities to reopen their investigation into the Sept. 28
death of Germaine "Suzy" Tomlinson, 69, mother of his wife, Tomisue.
MorePrivate-sector group forging transit plan
January 26, 2009
Chris O'MalleyWith commuter trains stuck at the proverbial station despite decades of studies, a new business-led coalition is barreling
forth
with its own plan to study multimodal transportation and related land use. The Central Indiana Transit Task Force also will
explore how to tie the nine-county central Indiana region to key cities such as Bloomington, Columbus, Lafayette and Muncie.
MoreRadio stations spurning local talent
January 26, 2009
Anthony SchoettleRadio stations are moving away from live, local talent to cut costs, a move critics say could be a fatal blow in an era when
traditional radio is fighting to hold onto an audience seduced by such things as the iPod, Internet and satellite radio.
MoreMore high schoolers enrolling in college
January 26, 2009
J.K. WallFall Creek Academy is among a growing number of high schools that enroll their students to take classes at colleges, earning
credit toward both a high school and a college degree.
MoreAuctioneers: Recession may be going, but not yet gone
January 26, 2009
Sam StallAuction prices are an economic bellwether, since selling items to the highest bidder an an effective way to determine what
pretty much anything—from a Fortune
500 company to a Hummel figurine—is really worth.
MoreStock declines could make public companies takeover targets
January 26, 2009
Peter SchnitzlerNot so long ago, most Indiana public
companies were firmly in control of their destinies. Now after seeing their stock prices plunge, many would , be little more
than sitting ducks were outsiders to launch
takeover bids. If anybody's still got the money and chutzpah to buy, that is.
MoreFinancial crisis, recession hammer deal flow
January 26, 2009
Scott OlsonCompanies searching for a merger or acquisition partner had one heck of a time finding a match last year. Place much of the
blame on the credit crunch that rattled the nation's economy and sent deal-making into a downward spiral.
MoreSmall firms get creative to avoid layoffs
January 26, 2009
Peter SchnitzlerAs the recession deepens, many small-business owners face a dilemma. When small businesses slow down, it doesn't make headlines
like a shuttered manufacturing plant would. But relatively speaking, their layoffs are just as meaningful. Losing even a handful
of key people can be crippling.
MoreIndianapolis 'raising the game' for tourism
January 22, 2009
Andrea Muirragui DavisLackluster economy be darned, Indianapolis' tourism trade gained ground in 2008. And the city's new head cheerleader has even
higher hopes for this year and beyond.
MoreFormer hospital could become student housing
January 19, 2009
Cory SchoutenIvy Tech Community College is working with private developers on an $18 million plan to turn the old St. Vincent Hospital
on Fall Creek
Parkway into a housing complex for Ivy Tech and IUPUI students.
MoreFalling scrap prices hurt recycling industry
January 19, 2009
Sam StallIt's the best of times and the worst of times for Indianapolis recycling firms. On the one hand, public interest and participation
in recycling programs have never been stronger. On the other, the industry's capacity to turn all that trash into treasure
rarely has been weaker.
MoreCity's environmental effort gets boost
January 19, 2009
Chris O'MalleyThe McKinney Family Foundation has created a fund to support initiatives of Mayor Greg Ballard's 3-month-old Office of Sustainability,
an environmental initiative that promotes projects ranging from energy-efficient city buildings to bicycle paths.
MoreSagamore Club hits financial rough
January 19, 2009
Anthony SchoettleMembers of an exclusive Noblesville golf club are worried the operation might fold under financial pressure, but The Sagamore
Club's
operators say a predicted cash infusion will keep golf balls flying this spring.
MoreCarmel startup lands $12M in venture capital
January 19, 2009
Peter SchnitzlerCarmel startup Waterstone Pharmaceuticals Inc., which hopes to research drug components here and make them in China, has just
raised $12 million in venture
capital—despite the recession and a deep freeze in financial markets.
MoreTheater companies multiply, but audiences don't
January 19, 2009
Kathleen McLaughlinNew theaters have popped up in Indianapolis and around the United States in recent years, adding to communities' cultural
vitality. But a first-of-its-kind national study reveals a trend that could spell trouble: As theaters multiplied, the overall
audience shrank.
MoreMass Ave redevelopment reaches a roadblock
January 19, 2009
Cory SchoutenIndianapolis Public Schools is looking for a new redevelopment strategy for its 11-acre facility on Massachusetts Avenue after
an ambitious proposal for the historic former Coca-Cola bottling plant fizzled.
MoreOBS Medical hopes to capture pharma's heart
January 19, 2009
J.K. WallThe latest product to come out of Carmel-based OBS Medical may be just what the doctors ordered. The doctors working for major
pharmaceutical companies, that is.
MoreIT not what it was at time of landmark report
January 19, 2009
Chris O'MalleyA 2000 study has proven to be "remarkably prescient" in identifying information technology as a mainstay of the
local economy that would "affect
all industries and all jobs," said Michael J. Hicks, the top economist at Ball State University.
MoreTown of Fishers considers new form of government
January 19, 2009
Kathleen McLaughlinSitting in gridlocked traffic along Interstate 69, Fishers residents might already think of their town as
a city. This sprawling suburb of 65,000 people certainly looks nothing like the burg of less than 1,000 it was three decades
ago.
But down at the municipal government complex, Fishers is still a town, just as it was incorporated in 1891.
MoreLilly settles Zyprexa marketing suit for $1.4 billion
January 15, 2009
J.K. WallIndianapolis-based Lilly pleaded guilty to one violation of the Food, Drug and Cosmetic Act on Thursday and agreed to pay
$1.42 billion to settle both that criminal charge as well as civil lawsuits in which it did not admit wrongdoing.
MoreLegislation takes aim at Anthem
January 12, 2009
J.K. WallAnthem Blue Cross and Blue Shield's growing market dominance in Indiana is sparking a backlash from doctors who plan to push
a bill this year in the Indiana General Assembly that would allow physicians to reject patients covered by massive health
insurer.
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So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.
Owner occupied housing. Clear enough?
So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.
Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.
RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.