Health Clubs

Decline in fitness club memberships pushes NIFS into arms of seniorsRestricted Content

January 5, 2013
J.K. Wall
Health club on campus of IUPUI makes up for lost revenue by managing fitness and wellness programs for retirement communities.
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Extras help small firms boost business

January 14, 2012
Andrea Muirragui Davis
Small businesses like KnowSweat Workouts increasingly are adding products and services to keep revenue flowing during tight economic times.
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YMCA revamps fundraising strategy for Pike Township

December 27, 2011
Kathleen McLaughlin
YMCA of Greater Indianapolis officials have started a $40 million fundraising campaign that will be used to fund three more local locations, including a much-delayed $10 million facility in Pike Township.
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L.A. Fitness buying Bally clubs, including Indy location

November 21, 2011
 IBJ Staff
The deal is the latest sign of turmoil in the health club industry, which is consolidating after a spurt of overbuilding.
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Lifestyle Family Fitness closes 2 locations, sells 2 othersRestricted Content

November 19, 2011
 IBJ Staff
Minnesota-based Life Time Fitness is buying the two sites that will remain open. One is in Fishers and the other is near 96th and Meridian streets in Indianapolis.
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Cardinal Fitness closing six area fitness centers

November 2, 2011
J.K. Wall
Health-club chain plans to keep six local locations open, but refer members of closed locations to LA Fitness.
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Hendricks Regional, YMCA debut fitness centerRestricted Content

July 9, 2011
Marc D. Allan
Partnership combines wellness, hospital services.
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Greater Indianapolis YMCA has $30M in projects plannedRestricted Content

July 13, 2009
Kathleen McLaughlin
It takes a map of the entire metro area to show all the projects the YMCA of Greater Indianapolis has on its drawing board. The $30 million plan calls for building two brand-new facilities, one in Avon and one in Pike Township; expanding the Fishers YMCA; and building a new outdoor pool in Lawrence.
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Local chiropractor bounces into fitness businessRestricted Content

January 12, 2009
Whitney Lee
Fishers chiropractor Steven Roberts had been teaching fitness classes using inflatable exercise balls for about seven years when he had a brainstorm—his adult clients might get even more out of them if the balls had handles.
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Flurry of fitness chains takes aim at Indianapolis

January 22, 2007
Cory Schouten
At least five companies are scouting locations for dozens of new health clubs in a blitz that could help the city shed its reputation for high rates of obesity. The fitness club business is booming nationwide, and several chains are betting Hoosiers are among those looking for more convenient opportunities to get in shape.
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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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