Indianapolis Business News - Latest Indiana Headlines, Top Stories, Breaking News - Indianapolis Business Journal

Colts extend home sell-out streak

June 22, 2009

Despite a ticket price increase, the terrible economy, and an uncertain season ahead, the Indianapolis Colts have sold out of season tickets, assuring the team will extend its sell-out streak to 97 regular-season home games.

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Letters to the Editor

CIB drama goes from bad to worse

May 25, 2009

I am truly disgusted after reading the latest in the perennial saga of the CIB.

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Viewpoint

Here is a sustainable plan for the CIB

May 11, 2009

Brian Williams

A vibrant Indianapolis powers a dynamic Indiana and the governor, the mayor and the members of the General Assembly should all recognize that.

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Benner on Sports

Lucas Oil Stadium hosted basketball beautifully

April 6, 2009

Bill Benner

Congratulations to Lucas Oil Stadium Director Mike Fox, assistant Andy Arnold and the amazing crew at the stadium for transforming the venue into an intimate, 40,000-seat basketball venue for the NCAA's Midwest Regional.

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Benner on Sports

Stern's definition of 'golden age' is laughable

February 23, 2009

Bill Benner

Of this, that and the other while wondering if NBA Commissioner David Stern had just taken a hit off Michael Phelps' bong when he proclaimed this to be "the golden age of basketball" during his all-star weekend news conference in Phoenix.

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Editorial

CIB can't count on mall funders

February 23, 2009

If the Capital Improvement Board comes, hat in hand, looking for help, we trust the investing companies will carefully weigh the benefits they've derived from the city and its thriving downtown before delivering an answer.

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News & Analysis

CIB could ask for $34 million in write-offs from Circle Centre investors to ease deficit

February 16, 2009

Cory Schouten

A group of mostly local companies that made big investments to help launch Circle Centre mall soon could be asked to write off a portion of profits they agreed to redirect into the construction of Conseco Fieldhouse.

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Benner on Sports

Finding bright spots amid wave of bad Indy sports news

February 16, 2009

Bill Benner

So much sad, bad, disturbing sports news. Time to look on the brighter side.

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Viewpoint

Are we victims of 'group think'?

February 16, 2009

John Guy

"Group think," a powerful and controlling force, was present as the Capital Improvement Board built Lucas Oil Stadium and Eli Lilly and Co. developed and marketed Zyprexa.

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Letters to the Editor

It's time for Colts, fans to pay up

February 16, 2009

I agree 100 percent that Colts' owner Jim Irsay should step up to the plate to help bail out the Capital Improvement Board debt and that Colts' ticket holders should be taxed.

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Editorial

CIB failure isn't an option

February 9, 2009

Creativity and transparency are required to fix the Capital Improvement Board's financial woes.

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News brief

CIB's influence has grown with city's sports scene

February 9, 2009

Peter Schnitzler

State lawmakers formed the Capital Improvement Board in 1965 to oversee construction of the city's convention center.

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Benner on Sports

An open letter to Indianapolis Colts owner Jim Irsay

February 9, 2009

Bill Benner

Jim, you could engender so much good will if you would step forward and provide some short-term relief by paying more toward the operating costs of Lucas Oil Stadium.

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Year in Review

Stadium, airport terminal open

December 29, 2008

Anthony Schoettle

The $720 million Lucas Oil Stadium opened in August, just in time for the Indianapolis Colts' season. Indianapolis International Airport's $1.1 billion midfield terminal, meanwhile, took off in November.

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Year in Review

Indy scores 2012 Super Bowl

December 29, 2008

Anthony Schoettle

In May, Indianapolis narrowly won the right to host the 2012 Super Bowl, beating out Phoenix and Houston at the National Football League owners' meeting in Atlanta.

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Williams commentary

Is 2012 Super Bowl wisest investment?

December 8, 2008

Brian Williams

The economic impact of a Super Bowl on the host city is subject to vigorous debate.

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Katterjohn commentary

Downtown development great for citizens, visitors

November 10, 2008

Chris Katterjohn

The development of shopping, restaurants, museums, public arts and hotels downtown in the past 25 years has made Indianapolis a vibrant, more interesting place to live—and to visit.

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Benner on Sports

Pacers reforms, new Lucas Oil Stadium, NCAA 2010 tournament boost Indy's sports reputation

November 10, 2008

Bill Benner

The Pacers opening victory, new game innovations at Conseco Fieldhouse and retaining Danny Granger are bright spots in the city's vast sports scene.

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News & Analysis

Naming-rights deal puts Lucas Oil in competitive position

October 20, 2008

Anthony Schoettle

Emboldened by the deal he signed to put his company's name on the Indianapolis Colts' new home, Forrest Lucas has launched an arsenal of creative-some would say unorthodox-initiatives to fortify his growing company. Many of them are designed to help Lucas Oil Products Inc. go head to head with the oil industry's biggest players.

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News & Analysis

Lucas says please don't call stadium 'The Luke'

August 18, 2008

Anthony Schoettle

Officials for Lucas Oil Products Inc. are imploring fans and media not to refer to the team's new stadium as The Luke, a nickname that has cropped up on sports talk radio shows and been repeated in print and on TV. The nickname seems to be gaining momentum, and that doesn't sit well with Lucas brass already playing defense against New Jersey-based Lukoil Co. California based-Lucas Oil signed a 20-year, $121.5 million naming-rights deal for the Colts' new stadium.

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News & Analysis

$720 million stadium will open with big operating deficit

August 11, 2008

Jennifer Whitson

Cleaning crews are wiping construction dust from the 63,000 seats in Lucas Oil Stadium, prepping for the public's first peek at the $720 million venue Aug. 16. But the hard work is only beginning for the city's Capital Improvement Board, the entity charged with operating the stadium. The fumbling point: CIB is anticipating a $20 million operating deficit for Lucas Oil Stadium in 2009.

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News & Analysis

Turf war unfolds in Babe Denny neighborhood

November 5, 2007

Cory Schouten

A long-neglected neighborhood south of downtown called Babe Denny suddenly is in the spotlight, attracting attention from city planners, code enforcers, land speculators and a politically connected attorney.

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News & Analysis

City fights property owners over value of land by stadium

October 29, 2007

Cory Schouten

A legal fight is brewing over a 2.3-acre parking lot sandwiched between the RCA Dome and Lucas Oil Stadium. The state is seeking to acquire the property through eminent domain and is fighting an appraisal that puts its value at $7 million. The owners, meanwhile, contend the land is worth about twice as much.

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News & Analysis

Broker wants Lucas Oil to move HQ near airport

March 5, 2007

Jennifer Whitson

Marvin Miller is representing a landowner trying to sell 125 acres just north of Indianapolis International Airport. But Miller wants him to give away some of the property to persuade California-based Lucas Oil to move its headquarters there, jump-starting the stagnant area in the process.

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News & Analysis

Stadium walkway carries $10M tab

December 18, 2006

Anthony Schoettle

An enclosed connector is set to be built, partly underground, that will link Lucas Oil Stadium to the soon-to-be expanded Indiana Convention Center. It will span about a quarter of a mile and cost more than $10 million.

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