News & Analysis

Speedway, F1 discussing race's return to Indianapolis

March 15, 2010
Scott Olson
Officials from the Indianapolis Motor Speedway and Formula One say they're in discussions to bring a Formula One race back to the city. F1 left the city in 2007 after an eight-year run.
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Simon, rival seek foreign investors to back General Growth bid

March 15, 2010
 IBJ Staff
Indianapolis-based Simon Property Group and its chief rival in the battle to acquire bankrupt shopping mall operator General Growth Properties Inc. are seeking funding from sovereign wealth funds in the Middle East and Asia, according to the Financial Times of London.
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Local luxury home sales jumped in February

March 15, 2010
Kathleen McLaughlin
Luxury home sales in central Indiana surged in February despite an overall decline in home sales, Re/Max of Indiana reported Monday morning.
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Community Health Network Foundation names new CEO

March 15, 2010
 IBJ Staff
Michele Thomas Dole has been a wealth adviser at JP Morgan Chase and development director of the IU Foundation.
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FDA says 'not yet' on Lilly's once-weekly Byetta

March 15, 2010
J.K. Wall
Regulators won't require more time-consuming tests of the drug, but want Eli Lilly and Co. and its partners to clarify labeling, manufacturing processes.
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Schrenker: 'Data' show he tried to fake own death

March 15, 2010
 IBJ Staff and Associated Press
A former Fishers money manager facing fraud charges acknowledges in a newspaper interview that evidence indicates he was trying to fake his own death when he parachuted from his private plane that later crashed in a Florida swamp.
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Community banks face fight of their lives against big players

March 13, 2010
Peter Schnitzler
Small, community banks will bet on their strength in customer service, and large banks will offer business customers lower costs.
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Indy Racing League still trying to turn a profitRestricted Content

March 13, 2010
Anthony Schoettle
Terry Angstadt, who oversees the Indy Racing League’s commercial division, thinks the series could break even in 2011 and be profitable by 2012 despite myriad challenges facing open-wheel racing.
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Flood leaves redevelopment opportunity for Franklin

March 13, 2010
Kathleen McLaughlin
Franklin watch
                           videoThe city of Franklin is using the post-flood era to push for comprehensive redevelopment in and around downtown. The cornerstone of the plan is a flood plain southwest of the courthouse.
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Citizens says buying water, sewer systems won't harm bond ratingRestricted Content

March 13, 2010
Chris O'Malley
Citizens Energy Group's plan to buy the city's water and sewer systems will require the utility to raise $262 million in new bond debt and inherit $1.5 billion in debt. Yet Citizens executives maintain the financial load should not impair the bond ratings of its principal utilities, Citizens Gas and Citizens Thermal.
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Marine tech unit to fill four floors at struggling M&I Plaza

March 13, 2010
Cory Schouten
A 10-year, $20 million deal for a civilian division of the U.S. Marine Corps to occupy four floors of the 28-story M&I Plaza building downtown will push the city's sixth-largest office tower from a woeful 30-percent occupancy rate to about 50 percent.
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Minority networking event set for April 25Restricted Content

March 13, 2010
 IBJ Staff
"Staying Alive and Productive during Economic Hard Times" is the theme of the Indianapolis Professional Association's seventh annual networking luncheon. It will include a roundtable discussion of the economic state of local minority businesses and organizations.
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Banking reforms may bite weakest institutionsRestricted Content

March 13, 2010
Peter Schnitzler
Indiana banks soon might have to pay the state as much as $300 million in new fees for deposit insurance at a time the industry is experiencing its deepest woes in decades.
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Carmel contractor offers scholarshipsRestricted Content

March 13, 2010
 IBJ Staff
Carmel-based Williams Comfort Air, a heating and cooling contractor, is accepting nominations for its Extraordinairy Treasures annual scholarship program. Six one-time scholarships totaling $5,000 will be awarded to high school seniors based on community service, leadership activities and family commitment.
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Indianapolis Housing Agency pulls off big tax credit deal

March 13, 2010
Tom Harton
City agency plans renovations, expansions at eight apartment properties.
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State lawmakers remain divided; deal by Sunday in doubt

March 12, 2010
Associated Press
The impasse between the two parties over a delay in an unemployment-tax increase is expected to drag the legislative session into the weekend. "Nobody is talking right now," says one legislator.
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Indiana Arts Commission delays changes

March 12, 2010
Kathleen McLaughlin
The Indiana Arts Commission on Friday morning accepted a staff recommendation to alter its regional partnership program, but will delay action until next month.
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Former Indiana University AD Greenspan lands at Rice

March 12, 2010
 IBJ Staff and Associated Press
Greenspan resigned from IU in 2008 amid NCAA allegations that his department failed to monitor former basketball coach Kelvin Sampson.
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Two of Ballard's top administrators step down

March 12, 2010
Peter Schnitzler
Deputy mayor, city Bond Bank director resign to take jobs in the private sector.
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On-air roster changes afoot at Emmis stations

March 12, 2010
Scott Olson
Emmis Communications Corp. is shuffling several prominent on-air personalities at its Indianapolis radio stations' beginning Monday.The moves involve Big Joe Staysniak and Steve Simpson of WIBC, Ed Wenck of WLHK and Dan Dakich of WFNI.
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FedEx closely watching key legislation

March 12, 2010
Chris O'Malley
Congress may determine long-term fate of FedEx's Indianapolis cargo hub, where about 4,500 work.
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Indiana University Foundation lays off 18 staffers

March 12, 2010
 IBJ Staff and Associated Press
The cuts, both in Bloomington and Indianapolis, come as part of an effort to trim $2.4 million from the fund-raising group's $26 million operational budget.
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Impending budget cuts prompt arts funding turf war

March 11, 2010
Kathleen McLaughlin
The staff of the Indiana Arts Commission is proposing to revamp a regional partnership system that it enacted 13 years ago as a way to fund the arts in all 92 counties of the state.
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Simon says new General Growth plan is less uncertain

March 11, 2010
Bloomberg News
A new plan by mall owner General Growth Properties Inc. to exit bankruptcy resolves some uncertainty rival bidder Simon Property Group Inc. has criticized, Simon CEO David Simon says.
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Republic hits turbulence with Frontier mechanics

March 11, 2010
Associated Press
The union for mechanics at Frontier Airlines is going to court over Republic Airways Holdings Inc.'s plans to shift their work to Milwaukee.
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  4. Elected officials, like Mourdock, get vested in 8 years. It takes 10 years for all other public employees, most of whom make a lot less money. So much for the promise to finish out his term.

  5. Great state treasurer and a good man!! Just curious if the folks who didn't quite understand his quote would like to tell my daughter-in-law that God didn't intend her! Mourdock's comment was correct but twisted and the article didn't mention that his opponent and the press let the impression stand that Mourdock meant that the rape was intended. Stupid people!!

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