News & Analysis

Indianapolis 'raising the game' for tourism

January 22, 2009
Andrea Muirragui Davis
Lackluster economy be darned, Indianapolis' tourism trade gained ground in 2008. And the city's new head cheerleader has even higher hopes for this year and beyond.
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Former hospital could become student housingRestricted Content

January 19, 2009
Cory Schouten
Ivy Tech Community College is working with private developers on an $18 million plan to turn the old St. Vincent Hospital on Fall Creek Parkway into a housing complex for Ivy Tech and IUPUI students.
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Falling scrap prices hurt recycling industryRestricted Content

January 19, 2009
Sam Stall
It's the best of times and the worst of times for Indianapolis recycling firms. On the one hand, public interest and participation in recycling programs have never been stronger. On the other, the industry's capacity to turn all that trash into treasure rarely has been weaker.
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City's environmental effort gets boostRestricted Content

January 19, 2009
Chris O'Malley
The McKinney Family Foundation has created a fund to support initiatives of Mayor Greg Ballard's 3-month-old Office of Sustainability, an environmental initiative that promotes projects ranging from energy-efficient city buildings to bicycle paths.
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Sagamore Club hits financial roughRestricted Content

January 19, 2009
Anthony Schoettle
Members of an exclusive Noblesville golf club are worried the operation might fold under financial pressure, but The Sagamore Club's operators say a predicted cash infusion will keep golf balls flying this spring.
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Carmel startup lands $12M in venture capitalRestricted Content

January 19, 2009
Peter Schnitzler
Carmel startup Waterstone Pharmaceuticals Inc., which hopes to research drug components here and make them in China, has just raised $12 million in venture capital—despite the recession and a deep freeze in financial markets.
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Theater companies multiply, but audiences don'tRestricted Content

January 19, 2009
Kathleen McLaughlin
New theaters have popped up in Indianapolis and around the United States in recent years, adding to communities' cultural vitality. But a first-of-its-kind national study reveals a trend that could spell trouble: As theaters multiplied, the overall audience shrank.
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Mass Ave redevelopment reaches a roadblockRestricted Content

January 19, 2009
Cory Schouten
Indianapolis Public Schools is looking for a new redevelopment strategy for its 11-acre facility on Massachusetts Avenue after an ambitious proposal for the historic former Coca-Cola bottling plant fizzled.
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OBS Medical hopes to capture pharma's heartRestricted Content

January 19, 2009
J.K. Wall
The latest product to come out of Carmel-based OBS Medical may be just what the doctors ordered. The doctors working for major pharmaceutical companies, that is.
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IT not what it was at time of landmark reportRestricted Content

January 19, 2009
Chris O'Malley
A 2000 study has proven to be "remarkably prescient" in identifying information technology as a mainstay of the local economy that would "affect all industries and all jobs," said Michael J. Hicks, the top economist at Ball State University.
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Town of Fishers considers new form of governmentRestricted Content

January 19, 2009
Kathleen McLaughlin
Sitting in gridlocked traffic along Interstate 69, Fishers residents might already think of their town as a city. This sprawling suburb of 65,000 people certainly looks nothing like the burg of less than 1,000 it was three decades ago. But down at the municipal government complex, Fishers is still a town, just as it was incorporated in 1891.
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Lilly settles Zyprexa marketing suit for $1.4 billion

January 15, 2009
J.K. Wall
Indianapolis-based Lilly pleaded guilty to one violation of the Food, Drug and Cosmetic Act on Thursday and agreed to pay $1.42 billion to settle both that criminal charge as well as civil lawsuits in which it did not admit wrongdoing.
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Legislation takes aim at AnthemRestricted Content

January 12, 2009
J.K. Wall
Anthem Blue Cross and Blue Shield's growing market dominance in Indiana is sparking a backlash from doctors who plan to push a bill this year in the Indiana General Assembly that would allow physicians to reject patients covered by massive health insurer.
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MacVittie reviving Caldwell VanRiper agencyRestricted Content

January 12, 2009
Anthony Schoettle
One of Indianapolis' most storied advertising agency names is coming back to the local market. Longtime local ad exec Paula MacVittie came out of retirement late last year to acquire Marc USA Indianapolis from its Pittsburgh-based parent company, renaming the firm Caldwell VanRiper.
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Movie about first Indy 500 ready for green flagRestricted Content

January 12, 2009
Anthony Schoettle
A local group headlined by the creator of the movies "Hoosiers" and "Rudy" is spearheading an effort to bring the story of the very first Indianapolis 500 to the silver screen.
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Penrod suspect had past brushes with the lawRestricted Content

January 12, 2009
Kathleen McLaughlin
As an accounting student at Ball State University, Brandon J. Benker had a thirst for high-stakes gambling. But that didn't keep Benker from landing a job with an Indianapolis accounting firm, or serving as treasurer of The Penrod Society, a local not-for-profit that now alleges he took every penny of the $380,000 in its account.
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Green bills sprout at StatehouseRestricted Content

January 12, 2009
Chris O'Malley
Legislation filed in the Indiana General Assembly this year seeks renewable energy mandates, stricter building codes throughout Indiana.
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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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Portrait and Pasquinelli Homes winding down in IndianapolisRestricted Content

January 12, 2009
Cory Schouten
One of central Indiana's largest condominium builders may have to exit the market because of slowing demand and problems with financing. At peak, Chicago-based Portrait and Pasquinelli Homes was building 250 units per year in Indianapolis
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Ball State hopes for gold as students follow profs into new media venturesRestricted Content

January 12, 2009
J.K. Wall
Students, commerce and emerging media have moved to the forefront of Ball State's mission under President Jo Ann Gora, attracting corporate dollars to the university.
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Craving for convenience fuels Ivy Tech's online boomRestricted Content

January 12, 2009
Scott Olson
Students are flocking to online classes at Ivy Tech Community College faster than the burgeoning college is racking up overall growth—mirroring a national trend toward computers over classrooms.
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UPDATE: Macy's closing wounds ailing mall

January 8, 2009
Scott Olson
Macy's decision to close its store at Lafayette Square could deal a devastating blow to a mall already reeling from the loss of other major tenants.
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IMA cuts will delay Art & Nature Park

January 6, 2009
Lou Harry
The Indianapolis Museum of Art today announced a series of cutbacks designed to trim $1.7 million from its budget due to revenue shortfalls and "significant losses" to its endowment.
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IUPUI startup eyes yeast as fuel for ethanolRestricted Content

January 5, 2009
Chris O'Malley
A firm hatched out of the Indiana University School of Medicine has raised $150,000 toward bringing to market yeasts that could be a cure for one of the biggest bioengineering challenges of the day.
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Biotech venture fund in worksRestricted Content

January 5, 2009
Peter Schnitzler
BioCrossroads is setting the stage to create Indiana Future Fund II, an effort that would raise tens of millions of dollars for speculation on promising Hoosier life science companies.
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  1. RKW's comments read like a modern "Chicken Little". As a Raintree resident for many years, "Yes, I'm ready for this." Matter of fact, I welcome The Farm because it's a development that compliments our town, brings new and desirable shopping & dining closer (specialty grocer, upscale shops, micro brew pub, etc), offers upscale condos for empty nesters who want to stay in Zionsville, is being planned and constructed by local, well-reputed firms and, of course, provides desirable non property tax benefits. We all knew the Pittman's were going to develop their property sooner than later. That one of the Pittman's will continue to live on the property helps assure The Farm will be everything promised. This also sets a standard for other developers as to the quality of future developments - which should keep an ugly Walmart at bay for decades. As we've no meglomaniac mayor, I seriously doubt Zionsville would ever aspire to over-priced statues or subsidized retail rents. And we already have a very nice public theater, the Zionsville Performing Arts Center, that meets our cultural needs quite nicely.

  2. Do we add (or subtract) these from the bounty we recieve from RTWFL, Daylight Savings Time, corporate tax giveaways, and the crack job IEDC is doing?? Or is Mike going to blame these on Mitch?

  3. Who makes Tater Tots? They would be a good sponsor, because $3 Million for the alleged "Greatest Spectacle In Racing" is taters. Tiny, tiny taters. But at least they are making up something of the losses accumulated over the years in this dying sport. Buttock in seat is certainly not doing it, nor eyeball on TV, as evidenced by the lack of both.

  4. We loved lakehouse and think the Arbor Village would be a great location. It is less than 2 miles from over 1000 rooftops in the 225,000 to over 1 million range. Many people could use the great fishers trail system to bike or walk there. Just an idea Scotty -- but maybe something closer to 3 Wiseman would good. The only microbrew in area is Ram (boring)

  5. True, it's an ESPN production, but ESPN is just another name for ABC Sports, or what used to be ABC Sports since ABC Sports no longer exists as a name. ESPN=ABC Sports= ESPN. ESPN is, according to Forbes "the world's most valuable media property" worth $40 billion. Despite that, they fired 400 people this week.

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