Corporate Foundations

Herd of nominees up for $250K animal conservation prize

August 28, 2013
Lou Harry
Thirty-nine protectors of pronghorn antelope, sea turtles, jaguars, ibis, puffin and other endangered species have been named as nominees for the Indianapolis Prize.
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Lilly gives $1 million for art museum initiative

May 15, 2013
Lou Harry
The five-year program is designed to transform the Indianapolis Museum of Art into a more visitor-centered institution. The first year will include enhancements to the upcoming Matisse show.
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Wishard lands $2.2M in employee fundraising campaign

July 15, 2011
Kathleen McLaughlin
An employee-giving campaign for the new Wishard medical center brought in about $2.2 million, making the campaign one of the largest of its kind for a public hospital, according to Wishard Health Services officials.
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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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