News & Analysis

City fires indicted DMD employees, hires special attorney

May 24, 2013
 IBJ Staff
The city terminated two employees indicted this week on fraud charges stemming from a bribery scheme involving the Indianapolis Land Bank. It also hired a veteran attorney to review city policies and handle communications about the scheme.
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Indy 500 fans will find track security tighter this year

May 24, 2013
Associated Press
Fans coming to the Indianapolis Motor Speedway for this weekend's Indy 500 will notice some changes in the traditional routine in response to last month's bombing at the Boston Marathon.
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Indy startup serves up keg beer with big data

May 24, 2013
Dan Human
SteadyServ Technologies has raised $1.5 million to help develop iKeg, which tells bar managers and beer distributors when they need to reorder.
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City panel tables approval of new towing contract

May 24, 2013
Kathleen McLaughlin
The Indianapolis Board of Code Enforcement put off voting on a new citywide towing-management contract Thursday after members said they wanted more information about the bids from San Francisco-based AutoReturn and its local competitors.
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Convicted ex-coroner hits Brizzi with legal malpractice suit

May 24, 2013
Dave Stafford
Former Hancock County coroner Tamara Vangundy says she paid Carl Brizzi $10,000 for negligent legal advice that ended her career as an elected official.
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Indianapolis falls to 13th in population among U.S. cities

May 24, 2013
Associated Press
Austin, Texas, moved from 13th to 11th, pushing Jacksonville, Fla., and Indianapolis each down a spot.
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Broad Ripple project takes heat at Village meeting

May 24, 2013
 IBJ Staff
Jeering and catcalls greeted officials from Browning Investments, which has proposed the $18 million residential and retail development along the Central Canal.
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WellPoint among 13 picked to join California exchange

May 23, 2013
Bloomberg News
California residents who choose to buy health insurance through the state exchange being created by the Affordable Care Act may end up paying higher premiums.
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Indiana lawmakers to review ISTEP test troubles

May 23, 2013
Associated Press
Indiana lawmakers said Thursday they will spend the coming months reviewing computer troubles with a statewide standardized test, the use of land banks to sell vacant property and other problems uncovered around the state.
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St. Vincent Health plans job cuts, but mum on numbers

May 23, 2013
J.K. Wall
St. Vincent Health will lay off an unspecified number of employees across its 22-hospital network by June 30 in a cost-saving move. The hospital blamed the job losses on Obamacare, cuts to Medicare reimbursement, and lower-than-expected volumes of patient procedures.
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Denver-based firm laps up BlueMile running chain

May 23, 2013
Anthony Schoettle
BlueMile, a local six-store running specialty chain, has been acquired by a group that includes Indianapolis-based sports goliath The Finish Line Inc. The deal is expected to speed BlueMile's expansion.
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Ivey stepping down as leader of Pulliam trust

May 23, 2013
 IBJ Staff
Harriet Ivey, president and CEO of the Nina Mason Pulliam Charitable Trust since its founding more than 15 years ago, plans to retire early next year, the trust announced Thursday.
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City expected to award towing contract to California firm

May 23, 2013
Kathleen McLaughlin
Indianapolis will choose a San Francisco-based company to oversee city-ordered towing under a contract expected to be authorized Thursday afternoon.
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Waste-management firm hit with environmental fines

May 23, 2013
Dan Human
Some of the violations cited by the state are related to poor handling of hazardous materials at the Heritage-Crystal Clean Inc. facility in Speedway.
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U.S. unemployment aid applications show decline

May 23, 2013
Associated Press
Jobless claims are showing gradual improvement, but for hiring to strengthen enough to lower the unemployment rate to a more normal level, companies must gain more confidence in the economy.
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Celadon acquires Canadian trucking company

May 23, 2013
 IBJ Staff
Hyndman Transport Limited, based in Wroxeter, Ontario, operates about 175 tractors and brought in roughly $48 million in revenue in 2012.
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Fort Wayne schools want 3rd party to review ISTEP

May 22, 2013
Associated Press
Indiana's largest school district says it won't accept results of this year's standardized testing until an independent third party validates the scores.
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Mayor suspends land bank after indictments

May 22, 2013
Associated Press
Indianapolis Mayor Greg Ballard on Wednesday sidelined a city program that sells vacant and tax-delinquent properties, one day after federal prosecutors indicted two of its top officials for allegedly accepting bribes and kickbacks.
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Three former executives sue Carbon Motors over pay

May 22, 2013
Associated Press
Executive vice presidents of a company that planned to build high-tech police cars at an eastern Indiana factory are seeking more than $600,000 in deferred wages.
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Indiana presses ahead with I-69's next section

May 22, 2013
Associated Press
The company that will build the 21-mile Bloomington-to-Martinsville segment by upgrading existing State Road 37 will sign a public-private deal under which it will arrange its own financing to design and build that stretch.
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Pittman pitches $90M mixed-use project for Zionsville

May 22, 2013
Andrea Muirragui Davis
One of the highest-profile tracts of undeveloped land in Zionsville could be transformed into a commercial and residential hub if Pittman Partners' 62-acre project gets the town’s blessing.
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Polaris plans $4.7 million laboratory expansion

May 22, 2013
 IBJ Staff
Polaris Laboratories LLC, an Indianapolis-based company that analyzes oil, fuel and coolants, said it plans a $4.7 million local expansion that will add up to 25 employees by 2016.
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Kennedy partners with Olympic runner to buy shoe chain

May 22, 2013
Anthony Schoettle
Indiana running icon Bob Kennedy believes Movin Shoes Inc. has great potential for growth. Its California location doesn't violate Kennedy's non-compete agreement with Indiana's BlueMile chain.
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Stonegate raises $115M to fund jumbo mortgage expansion

May 22, 2013
Bloomberg News
The fast-growing Indianapolis-based firm will use the funds to fuel originations of loans not intended for government-backed programs, as well as to build its portfolio of servicing contracts, CEO Jim Cutillo said.
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EPA seeks to add Keystone property to Superfund list

May 22, 2013
 IBJ Staff and Associated Press
The U.S. Environmental Protection Agency on Tuesday proposed adding three sites in Indiana—including one in Indianapolis—to its highest priority cleanup list for hazardous waste sites.
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  1. these guys only skill was to steal from other's hard earned savings.

  2. I voted for him last time and it WAS the LAST time. He needed to to quit running around the world on useless trips, and giving our $$ away to sports teams. I'll vote for anyone but Ballard next time. BTW...we gave $40M to the Pacers and cannot even watch the games on TV.

  3. For the people concerned about traffic, you should know that mixed-use projects (like the one being proposed), actually allows for and encourages more people to walk and bike, thereby mitigating additional automobile traffic. If we continue to design and build suburban-type projects in the City (i.e. automobile-oriented projects), we are not offering anything different from what the suburbs offer, which means we will continue to lose jobs/people to the suburbs. The reason Broad Ripple is somewhat successful today is that people want to live in a place that offers the convenience of being able to walk/bike to restaurants, retail, nightlife, the Monon, etc. Why would you not want to support a project that is complimentary to what already makes the area desirable? The real argument with this project should be its lack-luster design and layout, not the density.

  4. It is unfortunate that there is a perception that celebrities validate an event. The Indy 500 stands on its own, especially for those coming in from out of town. It was always so disturbing to read the gushing descriptions of Ashley Judd threaded throughout the local coverage. Very happy that era is at an end.

  5. Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.

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