News & Analysis

Smart gets his first shot as NBA head coach

September 27, 2010
Bloomberg News
Hoosier basketball legend Keith Smart was appointed by the Golden State Warriors to replace Don Nelson, the head coach with the most victories in NBA history.
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BPG sells trio of Keystone Crossing buildings

September 27, 2010
An affiliate of Pittsburgh-based PWA Real Estate LLC snapped up the three buildings for $15.5 million. The largest totals more than 100,000 square feet and houses such tenants as General Casualty Co., 20/20 Institute and M/I Homes.
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Dolce hotel, YMCA part of city-funded 'North of South' development

September 27, 2010
Scott Olson
The city plans to issue bonds and use tax-increment financing to fund the $150M project, which also will include 320 high-end apartments and 40,000 square feet of retail space. Construction should begin this year.
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Art museum replaces gallery guards with students

September 27, 2010
Kathleen McLaughlin
The Indianapolis Museum of Art fired 56 gallery attendants Monday morning and will replace them with 100 IUPUI students on a federal work-study program. IMA also will employ 14 reserve police officers to patrol its campus.
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Southwest Airlines to buy AirTran for $1.4B

September 27, 2010
 IBJ Staff and Associated Press
Dallas-based Southwest Airlines would bump Delta Air Lines from top carrier spot at Indianapolis International Airport when it acquires Orlando-based-based AirTran in a deal announced Monday. Southwest/AirTran would have about 33 percent of the Indianapolis market, airport officials said.
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$150M 'North of South' project moving ahead

September 27, 2010
 IBJ Staff
Officials are announcing details of an ambitious downtown development planned for 10 acres Eli Lilly and Co. owns near its Indianapolis headquarters. The project will include a hotel, apartments, restaurants and retail space and a YMCA.
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Raytheon's local plant lands $42M Navy order

September 27, 2010
 IBJ Staff
Raytheon Technical Services Co. in Indianapolis has scored a $42 million contract to make forward-looking infrared sensors for the U.S. Air Force’s HH-60G helicopter, the Department of Defense said late last week.
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REITs use stock sales to grow after paying debt

September 26, 2010
Bloomberg News
U.S. real estate investment trusts, including Indianapolis-based Duke Realty Corp., are selling shares to fund property acquisitions after using record cash from equity offerings last year to reduce debt and cover dividends.
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Report: Indiana infrastructure needs billions in work

September 26, 2010
Associated Press
The report by the Indiana section of the American Society of Civil Engineers gave Indiana a D+ in its first report card on the state's infrastructure. That's slightly better than the D grade given nationally.
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INDOT lays off 30 employees in budget move

September 26, 2010
Associated Press
Gov. Mitch Daniels said the layoffs were "one of the very, very few involuntary reductions" that Indiana government has had to make to cut spending.
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Instability takes toll at WRTV

September 25, 2010
Marc D. Allan
WRTV-TV Channel 6's viewer ratings remain mired in third place during most newscasts after years of anchor turnover. The station has a lot of work to do to re-establish the strong identity it had in the 1990s.
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Tax caps spread relief aroundRestricted Content

September 25, 2010
Francesca Jarosz
Property tax caps—promoted as a way to relieve homeowners from skyrocketing property tax bills—have provided much more relief to a different group of taxpayers. Owners of rental properties and second homes got the lion’s share of assistance from the caps.
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Tired-but-proud school buildings find new missions

September 25, 2010
Chris O'Malley
More unneeded buildings are slated to be sold off by Indianapolis Public Schools, but creative people have turned other former schools into reuse gems.
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Federal courthouse in Indianapolis slated for green roofRestricted Content

September 25, 2010
Scott Olson
Plants atop the Birch Bayh Federal Building and U.S. Courthouse are expected to cut costs in long run.
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Consumer groups call for Duke to cancel Edwardsport project

September 25, 2010
Chris O'Malley
A proposed settlement between the utility and industrial customers would temporarily cap the cost of the plant, which is $1 billion more than initial estimates.
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Plastic surgery firm hit with surveillance litigationRestricted Content

September 25, 2010
Cory Schouten
Former employees say Meridian Plastic Surgery Center violated their rights when it secretly recorded them in various states of undress.
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Veteran local ad exec Pearson lands on his feet after closing firmRestricted Content

September 25, 2010
Anthony Schoettle
After industry "paradigm shift," the man behind some of the city's most memorable campaigns is working for a small agency.
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Indiana slow to accept federal stimulus helpRestricted Content

September 25, 2010
Mary Dieter
Under political pressure, Gov. Mitch Daniels' administration has come late to the federal stimulus funds game. At best, the state will recover $24 million in reimbursements for money spent by not-for-profit agencies on services to the poor.
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JW Marriott already sold 100,000 rooms

September 25, 2010
Anthony Schoettle
It doesn't open until Feb. 4, but downtown's JW Marriott hotel has already booked 100,000 room nights for 2011—more than any other local hotel—an achievement drawing both praise and concern from others in the hospitality industry.
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East-side residents forge $100M plan to renew neighborhoodRestricted Content

September 25, 2010
Francesca Jarosz
Since 2004, residents and community leaders in the area just east of downtown—including Boner Center chief James Taylor—have raised more than $100 million to improve their neighborhood. The deployment of so many resources to one area is almost unprecedented in Indianapolis.
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Ford laying off 249 at doomed east-side steering plant

September 24, 2010
 IBJ Staff
Ford Motor Co. is continuing the process of shutting down a subsidiary’s east-side steering plant, filing a notice with the state that it intends to lay off 249 employees around Nov. 19.
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Indiana child care agencies protest cost of new rules

September 24, 2010
Associated Press
An effort to shift some foster care costs to the federal government would throw up more red tape and make it harder for caretakers and providers to get services for troubled children, a coalition of child care agencies said Friday.
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Call-center firm plans 600 hires in Lafayette

September 24, 2010
 IBJ Staff
Alorica Inc., headquartered in Chino, Calif., said it will begin hiring customer service representatives, supervisors and other personnel starting next week—fulfilling a pledge it made more than a year ago.
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INSIDE DISH: Sales slacking, Smee's owner seeks solutions

September 24, 2010
Mason King
Smees Watch VideoThe recession, competition and maybe even familiarity have pushed Tim Smeehuyzen's north-side haunt into the red.
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Columbus hospital suing FEMA for $17.1 million

September 24, 2010
Scott Olson
Federal lawsuit, which stems from June 2008 flood that caused $167 million in damages and business income losses, alleges FEMA failed to pay the full amount the hospital is owed in federal funding.
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  1. Great article and post scripts by Mike L (Great addition to IBJ BTW). Bobby's stubborn as a mule, and doubt if he ever comes back to IU. But the love he would receive would be enormous. Hope he shows some time, but not counting on it.

  2. When the Indiana GOP was going around the State selling the Voucher bill they were promising people that the vouchers would only be for public charter schools. They lied. As usual.

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  4. Jim, your "misleading" numbers comment is spot on. This is the spin these posers are putting on it. News flash, fans: these guys lie. They are not publicly traded so no one holds them accountable for anything they say. The TV numbers are so miniscule to begin with any "increase" produces double digit "growth" numbers. It's ridiculous to think that anything these guys have done has awakened the marketplace. What have they done? Consolidate the season so they run more races on consecutive weekends? And this creates "momentum." Is that the same momentum you enjoy when you don't race between August and March? Keep in mind that you are running teams who barely make ends meet ragged over the summer to accomplish this brilliant strategy of avoiding the NFL while you run your season finale at midnight on the East Coast. But I should not obfuscate my own point: any "ratings increase" is exactly what Jim points to - the increased availability of NBC Sports in households. Look fans, I love the sport to but these posers are running it off a cliff. Miles wants to declare victory and then run for Mayor. I could go on and on but bottom line for God's sake don't believe a word they say. Note to Anthony - try doing just a little research instead of reporting what these pretenders say and then offering an "opinion" no more informed than the average fan.

  5. If he's finally planning to do the right thing and resign, why not do it before the election? Waiting until after means what - s special election at tax payer expense? Appointment (by whom?) thus robbing the voters of their chance to choose? Does he accrue some additional financial advantage to waiting, like extra pension payments? What's in it for him? That's the question that needs to be asked.

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