News & Analysis

Indiana Live owners using big-buck firms in Chapter 11 caseRestricted Content

April 16, 2011
Francesca Jarosz
Indianapolis Downs LLC, owner of Indiana Live racetrack and casino, has hired top-tier national investment banking and law firms to represent it in Chapter 11 proceedings in U.S. bankruptcy court in Delaware.
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Carl Cook to succeed father as CEO at Cook Group

April 16, 2011
 IBJ Staff
Carl Cook has been named CEO of Bloomington-based medical device company Cook Group, replacing his father, who died Friday, company officials announced Saturday.
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Fairgrounds officials consider Pepsi Coliseum overhaul

April 16, 2011
Anthony Schoettle
Indiana State Fairgrounds officials are laying the groundwork for a massive Pepsi Coliseum renovation that could cost tens of millions of dollars and transform the inside of the 72-year-old landmark.
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Pop-up retailers emerging in Indianapolis

April 16, 2011
Marc D. Allan
With the retail vacancy rate hovering around 13 percent locally and nationally, temporary retailers are becoming a fact of life in malls, strip malls and downtowns around the country.
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Unusual North of South deal leaves taxpayers vulnerable

April 16, 2011
Cory Schouten
The $156 million North of South project is a complicated, risky and potentially transformative bet on downtown.
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Companies seek equity in return for services to startupsRestricted Content

April 16, 2011
Francesca Jarosz
A crop of Indianapolis companies is embracing the practice of developing and marketing products for startups in exchange for an ownership stake.
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Shelbyville uses new incubator to lure tech firm TyrosRestricted Content

April 16, 2011
Anthony Schoettle
A company that will soon become Shelbyville’s newest corporate resident has a nifty, high-tech idea to help schools, leagues and sports associations connect with sports referees and officials.
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Indiana's anti-tobacco agency's first decade mixed

April 16, 2011
Associated Press
Indiana Tobacco Prevention and Cessation officials acknowledge they still have work to do in a state that in 2008 had the nation's highest smoking rate and still has more than 1 million smokers.
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House panel backs GOP redistricting plan

April 16, 2011
Associated Press
The Indiana House elections committee voted 8-5 along party lines in favor of the proposals after Republicans revised the lines for several scattered state House districts from what they had proposed Monday.
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FDA wants further testing of Lilly pancreas drug

April 16, 2011
Associated Press
Eli Lilly and Co. Inc. said Friday that the FDA has asked the drugmaker to conduct another clinical trial of its proposed pancreas drug before it resubmits an application to have the drug approved for sale.
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Aggressive bills aimed at consolidating township governments failRestricted Content

April 16, 2011
Francesca Jarosz
With two weeks left in the legislative session, only two statewide local-government-reform bills remain. Both fail to accomplish reformers’ key aim: removing layers of township government they say have outlived their use.
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First-quarter commercial real estate stats for IndianapolisRestricted Content

April 16, 2011
IBJ's Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates and the local industrial market.
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INSIDE DISH: Irvington cafe knows its audience

April 15, 2011
Mason King
Dish Watch Video LegendJohn Robertson swore he'd never go into the restaurant biz. Now his comfort-food oasis is an east-side institution, in part for hemming to its historic surroundings and middle-class roots.
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Bill Cook, medical device magnate and philanthropist, dies at 80

April 15, 2011
 IBJ Staff and Associated Press
The founder of Bloomington-based life sciences giant Cook Group Inc. and the wealthiest man in Indiana leaves a legacy of dozens of historic structures saved from decay or demolition. He also was a major donor to Indiana University and its athletics department.
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Judge freezes assets of Fishers money manager

April 15, 2011
 IBJ Staff
A Hamilton County judge has ordered a temporary asset freeze against prominent Fishers money manager Keenan Hauke, who is being investigated by the Indiana Secretary of State’s Office over financial irregularities involving a hedge fund he operates.
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Indiana House OKs bill limiting teacher contracts

April 15, 2011
Associated Press
The Indiana House has approved a bill that would limit collective bargaining agreements between local districts and teachers' unions to only wages and wage-related benefits.
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New EPA rules could trigger Indiana emission testing

April 15, 2011
Associated Press
Drivers across Indiana could be required to have their vehicles undergo emissions testing if new federal Environmental Protection Agency rules set for release this summer are strict enough, a state environmental official said.
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Feds: CVS to pay $17.5M over inflated Rx claims

April 15, 2011
Associated Press
The U.S. Justice Department says CVS Pharmacy Inc. has agreed to pay $17.5 million to settle allegations it overcharged Medicaid programs in 10 states, including Indiana.
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Amusement center set for Clearwater area

April 15, 2011
Cory Schouten
An entertainment venue featuring a bowling alley, concert hall and restaurant is set to replace a vacant movie theater.
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House panel backs weakened immigration bill

April 15, 2011
Associated Press
An Indiana House committee has approved a watered-down immigration proposal a day after removing a contentious provision that would have given police officers more latitude to ask people for proof that they are in the country legally.
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Landlord seeking to evict Jillian's over unpaid rent

April 15, 2011
Scott Olson
The landlord of the downtown building that houses Jillian's, which filed for bankruptcy protection earlier this week, wants the restaurant and entertainment complex out of its building, alleging the tenant owes nearly $700,000.
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Analysts: Indiana taking in more money than expected

April 15, 2011
Associated Press
Analysts told the State Budget Committee on Friday they expect the state to take in some $643.7 million more in fiscal 2012 and 2013 than anticipated in the previous revenue forecast.
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UPDATE: Extra tax dollars aimed at full-day kindergarten

April 15, 2011
Francesca Jarosz
A projected increase in state revenue should allow all Indiana school districts to provide full-day kindergarten, a long-time goal of the governor and many education officials.
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Battery maker drops Indianapolis president

April 15, 2011
Kathleen McLaughlin
Battery maker Ener1 Inc. has fired Chief Operating Officer Rick Stanley, who was also president of the company's Indianapolis-based operation, EnerDel Inc.
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Federal budget could create headaches for Rolls-Royce

April 15, 2011
Kathleen McLaughlin
The federal budget crunch already has halted work on a second engine for the F-35 Joint Strike Fighter being developed by General Electric and Rolls-Royce—putting thousands of jobs in jeopardy—and it's not the only aerospace program facing an uncertain future.
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  1. Yes sir keep cashing those 300K a year checks direct to IMS, while millions disappear from the teams like Rahal's. Guess there wasn't enough ka- ching going around to keep Sarah Fisher in business without their "merger". LOL._____.Meanwhile back in Realville the series with the "best racing in the world" drew what appeared to be about 5000 live spectators ( and probably 1500 of those Target "freebies", and was beaten in the ratings by a series that reportedly consists of "parades" and aired while most people are still sleeping. That will generate those big ka-chings for sure. :-). But, hey, as long as the Speedway gets the cash who gives a damn about the teams?

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  3. If I could actually get the prices...I would do this on my own. We need laws that force provides to publish the costs they will charge. Everyone else gives you the price in advance...except hospitals.

  4. I was under the impression that fencing is not allowed on a front yard and that on a corner, both sides are considered "front" yards, therefore can't be fenced without a variance. Also impedes the visibility for drivers at the intersection. Am I understanding this correctly? Might be why a fence was not included in the plans and a request for a variance will have to be made?.

  5. I was a big fan of Cowards and Carrots, which I got a chance to see at the show. It's currently on Kickstarter, but the designer also put out What's He Building in There last year, which got a fair amount of buzz.

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