News & Analysis

ICVA hotel-room bookings ahead of schedule

January 19, 2010
Scott Olson
Groups that committed in 2009 to hold meetings in Indianapolis in future years booked a total of nearly 688,000 hotel-room nights, a number that exceeded ICVA's goal by 5 percent.
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F.C. Tucker predicts modest rally for residential market

January 19, 2010
Cory Schouten
Central Indiana's housing market is on track to notch gains in the number of homes sold and the average sales price in 2010.
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ISTA wants schools to tap reserves, rainy day funds

January 19, 2010
J.K. Wall
State teachers union's recommended approach differs sharply from spending cuts and salary freezes recommended by the Indiana Board of Education.
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Daniels to tout state's relatively solid position in address

January 19, 2010
Peter Schnitzler
Indiana Gov. Mitch Daniels will deliver the annual State of the State address Tuesday night at 7 p.m. before a joint session of the Indiana House and Senate.
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City's industrial market fared better than most in 2009

January 19, 2010
Tom Harton
The Indianapolis industrial real estate market didn't escape the recession unscathed, but the sector outperformed most other cities and took less of a hit than in the last recession.
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Car-seat manufacturer plans Columbus expansion

January 19, 2010
Dorel Group wants to expand its development and production operations in Columbus, creating 98 jobs by 2013.
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Biotech firm plans $28M Greenwood plant

January 19, 2010
Greenwood pharmaceutical firm Elona Biotechnologies plans to build a $28 million production facility and create 70 jobs to help develop a cheaper form of insulin that could gain significant market share.
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Duke Energy to trim Midwest work force, expenses

January 19, 2010
 IBJ Staff and Associated Press
Duke Energy is offering buyouts to employees as it moves some corporate functions performed in two Midwest offices, including its central Indiana office in Plainfield.
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HALO shines on IT upstart

January 19, 2010
Chris O'Malley
Policy management firm PolicyStat lands venture investment from HALO Capital Group, the angel investor network managed by TechPoint. HALO has invested a total of $12.5 million in firms statewide in the past 20 months.
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Recession takes toll on university president pay

January 18, 2010
 IBJ Staff and Associated Press
A survey released Monday by the Chronicle of Higher Education showed compensation packages of chief executives at public universities leveling off in 2008-2009, rising a relatively modest 2.3 percent. How did Indiana college presidents fare?
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City Market redevelopment hopefuls have ambitious plans

January 18, 2010
Peter Schnitzler
City Market's board president warns financing will challenge any of the six groups that responded to Mayor Greg Ballard's request for business ideas.
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Bank says Durham had no right to sell Duesenberg

January 18, 2010
Greg Andrews
A legal brouhaha over the recent auction of a Duesenberg automobile by Tim Durham has taken a new twist, with Durham's bank charging the financier didn't have the right to sell the car in the first place.
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Hamilton County tourism leader selected to join CIB

January 18, 2010
Scott Olson
Brenda Myers, executive director of the Hamilton County Convention and Visitors Bureau, rounds out the appointments to a restructured Indianapolis Capital Improvement Board.
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Fortune Industries names new chief executive

January 18, 2010
Scott Olson
Fortune Industries Inc., an Indianapolis-based professional employer organization, has appointed Tena Mayberry as its CEO. Mayberry, who also will continue to serve as president, succeeds John Fisbeck.
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Lender alleges Lauth insiders backdated loan documents

January 16, 2010
Cory Schouten
The largest creditor for Lauth Group Inc. has asked a bankruptcy judge to appoint a trustee after evidence in a related case suggested Lauth insiders may have backdated documents to thwart creditors.
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United Hospital Services laundry co-op considers statewide expansion

January 16, 2010
Scott Olson
The massive far-east-side facility already launders linen for 30 hospitals and 400 clinics in Indiana, handling more than 36 million pounds of soiled linen each year.
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Area hospital construction taking break after expensive binge

January 16, 2010
J.K. Wall
Observers expect a lull with inpatient facilities for five years or more, but continued proliferation of outpatient clinics and surgery centers.
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State links university funding to lifting graduation ratesRestricted Content

January 16, 2010
J.K. Wall
The Indiana Commission for Higher Education late last month slashed college budgets based on key performance measures.
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Auto, battery jobs hinge on landing federal energy loansRestricted Content

January 16, 2010
Kathleen McLaughlin
Indiana's future as a hub for making electric and hybrid vehicles hinges on a single government loan program.
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Legislation to protect car dealers re-emerges at StatehouseRestricted Content

January 16, 2010
Chris O'Malley
Dozens of Chrysler and General Motors dealers in Indiana were terminated last year. Now, a dealer trade group wants to block automakers from preying on termination fears to wrest concessions from surviving dealers.
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NBC's Jay Leno failure puts pinch on WTHRRestricted Content

January 16, 2010
Anthony Schoettle
With its 11 p.m. news ratings declining and its network partner, NBC, struggling to plug the 10 p.m. programming slot crucial to those ratings, WTHR-TV Channel 13 finds itself at a precarious crossroads.
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Shiel Sexton plans $50M project near Methodist Hospital

January 16, 2010
Cory Schouten
The local construction company is drawing up plans for a mixed-use project with offices, a parking garage and retail space on several parcels it owns near Capitol Avenue and 16th Street.
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Uncertainty over 2012 Super Bowl puts hotels in a bind

January 16, 2010
Anthony Schoettle
At issue is a dispute pitting NFL players against owners, and owners against one another over how league revenue should be divided. If it isn't resolved, the 2011 season could be shortened, delayed or canceled.
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Hotels spark expansion of downtown skywalk system

January 16, 2010
Cory Schouten
Two walkways that will connect to the new Marriott Place hotel will extend downtown's network of skywalk and underground pedestrian paths to a total of 12 hotels with more than 4,700 rooms--the most of any downtown in the United States.
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Bird strikes frequent at Indianapolis airportRestricted Content

January 16, 2010
Chris O'Malley
Bird strikes remain a threat—statistically more so than a Nigerian terrorist with a bomb in his BVDs—at Indianapolis International Airport. There were 37 bird strikes reported at the airport in 2009, five involving damage or temporary grounding of an aircraft.
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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

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