News & Analysis

Couple revamps old roadside motel into apartments

September 15, 2014
Associated Press
The Kaiden, a 13-unit hotel just off the National Road between Indianapolis and Greenfield, has been reborn as an apartment building called The Village.
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Liquidation not needed, developer HDG Mansur tells court

September 15, 2014
 Bloomberg News and IBJ Staff
Two affiliates of troubled Indianapolis-based developer HDG Mansur oppose requests to appoint a Chapter 11 trustee or convert the case to a liquidation in Chapter 7, saying significant progress has been made toward a plan and global settlement of claims.
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Year wait expected for start of Wigwam work

September 15, 2014
Associated Press
The developer taking over Anderson's Wigwam gymnasium is expecting to start work at the complex in about a year. The group plans to convert part of the complex into 55 multifamily housing units while maintaining the gym.
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S&P report: Stagnant incomes threaten Indiana revenues

September 15, 2014
Associated Press
Sales tax is Indiana's largest source of revenue. But it is tied to consumer spending, and Americans have become increasingly reluctant to spend as median incomes have remained virtually stagnant over the past 30 years.
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DCS struggles to keep accurate caseload tally

September 14, 2014
Associated Press
Indiana has hired more case workers to keep track of its most vulnerable residents. But complaints about overwork continue to surface as the state battles questions about the accuracy of data on caseloads.
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Bloomington inventor's game explores origins of life

September 14, 2014
Associated Press
Mark White's newest invention is a 3D board game called "Mutation," a clicking, clacking puzzle ball. It's best described as tic-tac-toe on the surface of a sphere.
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'Transparent' government often elusive for right and left

September 14, 2014
Associated Press analysis
The promise of "transparent" government is almost universally popular among politicians. But the talking point of transparency often remains just that: a talking point.
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Unauthorized demolition of historic home sparks lawsuit

September 13, 2014
Cory Schouten
Indiana Landmarks is going to court over the unauthorized demolition of a historic home in Fall Creek Place that likely was built in the 1890s.
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Legislators to reconsider aid for struggling casinos

September 13, 2014
Kathleen McLaughlin
Indiana legislators were lukewarm to assistance for casinos in 2013, but two years of declining revenue and new leadership on the issue could change their minds.
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Data deluge prompts teacher colleges to extend training after graduation

September 13, 2014
J.K. Wall
Rattled by new state teacher ratings, the colleges hope to avoid black eyes, themselves.
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Local pair wages battle against Manhattan financier

September 13, 2014
Greg Andrews
Jonathan Evans and Sean O’Connor of the Carmel investment firm JWEST LLC are trying to win election to the board of Rand Logistics, which they believe is being mismanaged by Chairman Laurence Levy.
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Hamilton County communities battle tax appeals

September 13, 2014
Andrea Muirragui Davis
Carmel, Fishers and Noblesville are trying to head off appeals that cause tax revenue to come in lower than expected, especially for projects within tax-increment-financing districts.
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Indy Star loses bevy of sports veterans

September 13, 2014
Anthony Schoettle
The Indianapolis Star sports department in one month has lost four reporters and a columnist with a combined 123 years of experience at the paper.
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Pete the Planner uses humor, straight talk to become media sensation

September 13, 2014
Sam Stall
Peter Dunn, a prolific tweeter who appears on broadcast outlets as well as in The Indianapolis Star, hopes the release of six books in January further builds his profile.
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State expands program excusing some workplaces from surprise inspections

September 13, 2014
Kathleen McLaughlin
Cited for lax enforcement in the past, Indiana’s workplace safety agency wants to recruit more companies into an honor-system program that takes them off the list for surprise inspections.
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Entrepreneur to offer home brewing minus the hassle

September 13, 2014
Scott Olson
The cost, time and mess that come with brewing beer at home scares a lot of beer connoisseurs, but a Greenwood health care executive thinks he has the answer.
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Crowdfunding site Localstake sees surge in deals

September 13, 2014
Jared Council
The seven-employee Indianapolis firm launched in June 2013, raising funds for two companies in its first six months. Over the following eight months, it brokered funding for eight companies and has eight in queue.
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Sports Corp., Speedway make way for new leadership

September 12, 2014
Kathleen McLaughlin, Anthony Schoetle
The change of guard at Indiana Sports Corp. will take place in late October, giving Ryan Vaughn time to finish out negotiations for the city’s 2015 budget, currently under review by the City-County Council.
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Remy to spend $32M to settle patent lawsuit

September 12, 2014
Jeff Newman
Pendleton-based Remy International Inc. has agreed to pay $32 million to settle a patent lawsuit with an Italian manufacturer that was filed in 2008, the company announced late Thursday.
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Melangton leaving Sports Corp. for IMS

September 12, 2014
Greg Andrews, Jeff Newman, Anthony Schoettle
Allison Melangton plans to step down as Indiana Sports Corp. president and will become senior vice president of events with Hulman & Co., parent of the Indianapolis Motor Speedway. Ryan Vaughn, chief of staff to Indianapolis Mayor Greg Ballard, will succeed Melangton.
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IU to provide business classes tailored to NFL players

September 12, 2014
Anthony Schoettle
The National Football League Players Association this month launched a first-of-its-kind partnership with the Indiana University Kelley School of Business.
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Lilly execs make pitch for local preschool education

September 12, 2014
Jared Council
Eli Lilly and Co. executives on Friday repeated their plea to local businesses to support early childhood education, highlighting the work force development and crime-reduction benefits associated with the effort.
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Downtown office vacancies force landlords to get creative

September 12, 2014
Scott Olson
CRE Forslund watch
                           videoA downtown office broker who participated in IBJ's annual Commercial Real Estate & Construction Power Breakfast said office tenants are seeking building amenities that jibe with their companies' culture.
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Auto supplier plans $73.5M plant in Boone County

September 12, 2014
 IBJ Staff
A Japanese auto-parts supplier plans to invest $73.5 million to build and equip a 151,000-square-foot manufacturing facility in the community of Jamestown, adding up to 195 jobs by 2017.
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Lilly cancer drug fares well in late-stage study

September 12, 2014
Associated Press
Eli Lilly and Co. said Friday its potential colorectal cancer drug Cyramza helped patients on chemotherapy with advanced cases of the disease survive longer than patients on chemotherapy alone.
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