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News & Analysis
Proposed requirements could sink Muncie-area wind farm
May 19, 2013
A central Indiana official says the tough conditions opponents of a planned wind farm are seeking for the project would leave
little room for the proposed power-generating wind turbines.
MorePurdue makes fast progress on tuition freeze
May 19, 2013
Associated PressThe school is nearly three-fourths of the way to reaching its goal of $40 million in savings or new revenue.
MoreCounties worry about cost of sentencing overhaul
May 18, 2013
Associated PressIndiana counties could be forced to pay some of the costs of a change in the state's criminal code that is designed to keep
low-level offenders out of prison while ensuring the worst serve more of their sentences.
MoreKENNEDY: We the ignorant people
May 18, 2013
Sheila Suess KennedyLike it or not, the United States is a country where, increasingly, people read different books and newspapers, visit different
blogs, watch different television programs, attend different churches and even speak different languages.
MoreMobile health apps could cut into legacy companies' turf
May 18, 2013
J.K. WallThe future of Indiana’s sprawling health care and life sciences industry might be threatened by an unlikely source:
smartphone apps.
MorePINCUS: State needs better life sciences startup ecosystem
May 18, 2013
Jack Pincus / Special to IBJIndiana’s life sciences sector is mostly composed of legacy companies.
MoreFirms ladle trips, car allowances on top of rich pay packages
May 18, 2013
Dan HumanSenior executives at Indiana's public companies last year received, on average, more in perks than the typical Hoosier
earned all year, IBJ found after reviewing Securities and Exchange Commission documents for more than 60 Indiana
companies.
MoreOesterle sells land to Angie's List, reaping millions
May 18, 2013
Chris O'MalleyAngie’s List Inc. CEO Bill Oesterle has collected millions of dollars over the years by renting to the company property
for its campus along East Washington Street. Now, the landlord and chief executive is pocketing millions more by selling Angie’s
the property, at well above its assessed value.
MoreAthenaeum weighs redevelopment bids for surface parking lot
May 18, 2013
Scott OlsonThree developers are competing to build a mixed-use project likely to include a parking garage on a surface lot adjacent to
the historic Athenaeum building.
MoreAnimation firm recognized for children's book
May 18, 2013
The youthful animators at The Basement have won the Independent Publisher’s Book Awards’ silver award for their
first children’s e-book, “Every Walrus Can Fly.”
MoreINDOT will build interchange at U.S. 31 and S.R. 28
May 18, 2013
Indiana is upgrading and bypassing congested sections of U.S. 31 near Kokomo, South Bend and Indianapolis. When completed,
the projects are expected to remove 32 stoplights from the route, cutting a half hour off travel time.
MoreCenterfield rounds up $171M for new fund
May 18, 2013
Dan HumanAn Indianapolis private investment firm has raised one of the largest-ever funds in the state. Centerfield Capital Partners
pulled in $171 million that it plans to invest in about 20 companies. Its two previous funds totaled $60 million and $116
million.
MoreWISH-TV rakes in bucks with city's only locally produced lifestyle show
May 18, 2013
Chris O'Malley"Indy Style"--an hour’s worth of TV programming on everything from recipes to music to fitness to screen-door-repair
tips--fills its show with guests who are a combination of invited guests, sponsors and one-time-only advertisers.
MoreGreenwood, Whiteland try to spur, shape growth
May 18, 2013
Kathleen McLaughlinTwo Johnson County communities are determined to capture—and control—the next wave of suburban growth.
MoreUnion looks to settle with workers over right-to-work issue
May 17, 2013
Kathleen McLaughlinA local union charged with violating Indiana’s right-to-work law is hoping to settle with six workers who say their
dues were improperly collected.
MoreDuke's CFO heading to Chicago real estate firm
May 17, 2013
IBJ StaffChristie Kelly is credited with playing a critical role at Duke in helping the company keep a strong financial position during
the recession and economic recovery.
MoreIndiana withdraws support for fertilizer plant
May 17, 2013
Associated PressState officials have withdrawn incentives for a fertilizer plant over concerns about whether its Pakistan-based owners are
doing enough at their overseas operations to keep the potentially explosive material from being used against U.S. troops.
MoreExactTarget confirms Atlanta expansion
May 17, 2013
Dan HumanIndianapolis-based digital marketer ExactTarget Inc. plans to add 225 jobs over the next five years in Georgia.
MoreReport: Roche mulls sale of blood-glucose monitor business
May 17, 2013
J.K. WallRoche Diagnostics Corp. is considering a sale of its blood-glucose meter business, a move that would cast uncertainty over
the nearly 1,000 people working for its diabetes business in Indianapolis.
MoreIndiana adds jobs; unemployment rate slips
May 17, 2013
Indiana added 4,400 nonfarm jobs in April and the unemployment rate fell slightly, to 8.5 percent, the Indiana Department
of Workforce Development reported Friday morning.
MoreRiver protest set for proposed central Indiana reservoir
May 17, 2013
Associated PressOrganizer and environmentalist Clarke Kahlo told The Herald Bulletin that the group is trying to build public awareness
of the amount of land that would disappear if the reservoir is built.
MoreNew owner shutting down 520-worker Indiana plant
May 17, 2013
Associated PressAllied Specialty Vehicles announced Thursday it was buying Monaco RV and shifting production to a factory in Decatur, near
Fort Wayne. The 520 jobs lost in Wakarusa won't be replaced on a one-to-one basis.
MoreAirport considers more parking changes
May 17, 2013
Kathleen McLaughlinIndianapolis International Airport plans to tweak another parking area, this time designating 260 spaces closest to the terminal
for people who intend to spend a short time inside.
MoreCritical questions follow reviewer's departure from Indy Star
May 17, 2013
Lou HarryThe state's largest newspaper is mum on whether reviews will continue after the Friday resignation of its fine arts critic.
Arts organizations are taking a wait-and-see attitude.
MorePANEL: Life sciences will see radically different future
May 17, 2013
IBJ convened a panel of experts at its Life Sciences Power Breakfast on May 10 to talk about the industry issues
of venture capital, digital health innovations and research university entrepreneurship.
MorePanel members included Kristin Eilenberg, CEO, Lodestone Logic, Infuse Accelerator; Philip S. Low, Purdue University professor of chemistry, founder and chief science officer at Endocyte Inc. and On Target Laboratories LLC; R. Matthew Neff, president, CHV Capital Inc.; Brian Stemme, project director; BioCrossroads; Brian S. Williams, director, Global Healthcare Strategy, PricewaterhouseCoopers International Ltd.; and Raul Zaveleta, CEO, Indigo BioSystems Inc.
The following is an unedited transcript of the discussion.
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In my opinion the estridge companies are crooks. They filed bankruptcy on their 'track housing' side of the business two weeks before they closed on one of my clients' homes. When my client first interviewed Estridge as a builder 6 months before, they specifically ASKED about the solvency of their business, knowing that some builders were struggling. Estridge truly misrepresented their financial situation at that time. I suppose I am more unhappy with the whole system than I am with the builder because what the heck==you can file bankruptcy on 'track homes' but still keep building and make money off of 'custom built' homes??? How ridiculous! They are all homes. How can a company be allowed to bilk thousands of dollars from their subcontractors but still be allowed to build houses?? they should have been made to pay back all their unpaid contractors before being allowed to profit from building any more houses! This alone makes them and the system crooks in my eyes. I would never build an estridge home and I would not recommend for my clients either. If they were truly 'bankrupt' how could they afford to keep building homes anyway??? The whole system needs fixed.
I live a couple blocks east of the Angie's campus and my house is assessed for ~$160,000. If I could get that amount, let alone $384,000 (a 140% bonus), I'd sell in a minute. Either Angie's stockholders just got fleeced, or Angie's is getting about a 58% discount on their property taxes, if these properties are actually worth what they paid Mr. Oesterle for them. Which do you think is the case?
Perhaps the IMA board is really to blame! They agreed to hire Charles. They can't seemingly find donors among themselves, or bring in new blood that will support the museums operating budget with an expanded museum and money to provide curators with something to do (ie buy art). The headlines of disarray at the museum and mass firings are hurting the reputation of the museum for some time to come. If people on the board had misgivings, perhaps they shpuld have more forcefully opposed efforts that they have seemingly been unable to fund, like expansion and the costs it has created!
See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.