News & Analysis

King Tut boosts attendance at Children's Museum

January 8, 2010
Kathleen McLaughlin
The museum counted 1.3 million visits last year, an increase of 270,000, or 26 percent, over 2008.
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Simon family fight breaks out over billionaire's fortune

January 8, 2010
Greg Andrews
Melvin Simon’s daughter Deborah filed court papers Thursday afternoon charging her father was coerced into approving a new estate plan in February 2009 that dramatically increased the amount of his fortune going to her stepmother, Bren.
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Former cemetery owner avoids prison time

January 8, 2010
Scott Olson
Robert E. Nelms received an eight-year sentence that will be served through a community corrections program after pleading guilty to theft and securities fraud.
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Emmis 3Q revenue declines, but company still posts profit

January 8, 2010
Anthony Schoettle
Indianapolis-based Emmis Communications Corp. reported lower revenue during its fiscal third quarter, but still managed a small profit.
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Big companies seek chance to bid on CIB privatization

January 8, 2010
Peter Schnitzler
Indianapolis receives a dozen responses to its proposal to privatize management of Lucas Oil Stadium, the Indiana Convention Center and, perhaps, Conseco Fieldhouse.
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Jones Lang LaSalle lures top industrial broker from CTMT

January 8, 2010
Cory Schouten
One of the city's most prolific commercial real estate brokers is leaving the local office of Colliers Turley Martin Tucker to join Chicago-based Jones Lang LaSalle.
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Office furniture dealer acquires competitor

January 8, 2010
Commercial Office Environments gets larger with its purchase of Area 4 Office Furniture. Operations of the two companies will be consolidated at Commercial Office Environments' facility on Zionsville Road.
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State high school graduation rates keep rising

January 8, 2010
J.K. Wall
According to data released Friday by the Indiana Department of Education, 81.2 percent of Hoosier high school students scheduled to graduate in 2009 did.
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King to play transitional role at state museum

January 7, 2010
Kathleen McLaughlin
New interim CEO, the former president of the Eli Lilly and Co. Foundation, hopes to pave way for stability at the institution, which has seen five CEOs in the past decade.
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Board approves revamp of Indiana teacher licensing

January 7, 2010
Associated Press
The new rules are expected spur future teachers to spend more time learning subject matter and less time taking education classes.
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Indiana State Museum to name interim CEO

January 7, 2010
Kathleen McLaughlin
The board of the museum's private foundation is expected to confirm Thomas A. King's appointment Thursday afternoon
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Johnson County woman guilty of securities fraud

January 7, 2010
Wanda Robertson was sentenced to eight years in prison, with four years suspended, after pleading guilty Wednesday.
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WellPoint stock surging on positive analyst forecasts

January 7, 2010
 IBJ Staff and Associated Press
The long-term outlook for health care reform is uncertain, but many analysts are expecting big health insurers like Indianapolis-based WellPoint to benefit in 2010.
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MedTech College bought by private equity firm

January 7, 2010
MedTech, whose flagship campus is located on the city's northeast side, provides degrees in biotechnology and nursing, as well as in other health-care related programs.
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Hill-Rom hires new CEO

January 7, 2010
 IBJ Staff
John J. Greisch was most recently president of international operations at Baxter International Inc.
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Indianapolis Zoo blames crowd drop on bad weather

January 6, 2010
Associated Press
The zoo says it drew 1.05 million visitors during 2009, down from 1.1 million in 2008.
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Humane Society expects to finish 2009 in the black

January 6, 2010
Kathleen McLaughlin
The group, which rang up more than $3 million in debt before changing course in 2008, had been operating at a deficit for six years.
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Brokerage CTMT rebranding, dropping Tucker name

January 6, 2010
Cory Schouten
The city's largest commercial real estate brokerage is breaking from Colliers International and dropping Tucker from its moniker for the first time in more than 90 years.
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More than 1,100 attend Fair investor meeting

January 6, 2010
Greg Andrews
A meeting of Fair Finance Co. investors held Tuesday night at a northeast Ohio hotel drew an overflow crowd of 1,100 people.
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Hungarian court decision could favor Emmis station

January 6, 2010
A Hungary radio station operated by Emmis until late last year might broadcast again following a court decision.
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Witham planning bond sale to acquire Anson site

January 6, 2010
 IBJ Staff
Lebanon-based hospital system also wants to refinance about $21 million in debt on new medical office building.
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Alcoa plant in Indiana plans up to 145 layoffs

January 6, 2010
Alcoa's Warrick Operations in Newburgh said the layoffs in its rigid packaging division are in response to a declining demand for its products.
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IFD gets finger-lickin' good sponsorship deal

January 6, 2010
Anthony Schoettle
KFC agreed to pay city for smoke detectors and fire extinguishers in exchange for using Indianapolis Fire Department to help it launch new fiery grilled wings. Mayor Greg Ballard hopes the deal is the first of many such corporate sponsorships.
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Ex-investor sentenced in Indiana mortgage fraud

January 5, 2010
 IBJ Staff and Associated Press
Robert A. Penn, 44, of Naples, Fla., received seven years in prison and was ordered to pay more than $11 million in restitution.
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FDA cancels meeting to review Lilly's Cymbalta

January 5, 2010
Associated Press
The agency said the meeting was canceled "to allow time for the FDA to review new information" about a proposed new use for the drug.
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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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