News & Analysis

MARR: Farewell to a long list of great colleagues and mentorsRestricted Content

June 25, 2011
Danny Marr / Special to IBJ
Six people were key mentors and associates during real estate career in Indianapolis.
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Bush Stadium fixup fans tax tensionsRestricted Content

June 25, 2011
Francesca Jarosz
The city plans to tap a taxing district downtown to help pay for the Bush Stadium renovation, rekindling concern among some elected officials and taxing experts that the Mayor’s Office is using the massive district to fund whatever special city needs crop up.
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Christian foundation sees donations soarRestricted Content

June 25, 2011
Kathleen McLaughlin
A local Christian foundation is pulling in donations at such a rapid clip that it could double in size this year.
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Tomisue Hilbert settles suit over $15M policyRestricted Content

June 25, 2011
Kathleen McLaughlin
Tomisue Hilbert quietly settled a 3-year-old lawsuit last month over whether a controversial life insurance policy issued in 2006 on her mother, Suzy Tomlinson, was valid, and whether the beneficiary of the policy, J.B. Carlson, committed fraud.
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Art museum to charge for parking

June 24, 2011
Kathleen McLaughlin
The Indianapolis Museum of Art will charge $5 for parking starting Sept. 1. The new fee comes a year after the museum opened an outdoor sculpture park that drove up attendance.
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Indiana: Medicaid patients' choice not unlimited

June 24, 2011
Associated Press
Medicaid patients don't have unlimited rights to choose medical providers, the state of Indiana said Friday in defending its decision to cut off funding to Planned Parenthood because it offers abortions.
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Commission: Turn dying GM plant into vibrant neighborhood

June 24, 2011
J.K. Wall
A 10-member commission told city leaders to turn the defunct 115-acre General Motors metal stamping plant site into a hip, funky neighborhood with an eye-catching bridge across the White River for easy access to downtown.
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Lilly diabetes pill recommended for EU approval

June 24, 2011
Bloomberg News
Eli Lilly and Co. and Boehringer Ingelheim GmbH’s Trajenta medicine for Type 2 diabetes has been recommended for approval in Europe, putting the drug on track to enter the region’s market this year.
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Elkhart mayor worried about car plant's future

June 24, 2011
 IBJ Staff and Associated Press
The bankruptcy filing of an electric car manufacturer has clouded the future of a northern Indiana factory that was touted as an economic boost for an area hit hard by job losses in the recreational vehicle industry.
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WellPoint goes online to educate about ER use

June 24, 2011
Associated Press
Health insurer WellPoint Inc. has enlisted Google Maps for new websites that help patients think twice before they visit an emergency room for care that a less-expensive retail health clinic could handle.
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Did Mayor Ballard jump gun on charter closure?Restricted Content

June 24, 2011
J.K. Wall
An Indianapolis charter school marked for closure by Mayor Greg Ballard posted huge gains in ISTEP scores this year, and school leaders plan to ask Ballard to reconsider his decision.
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Crystal products maker plans expansion, 41 jobs

June 23, 2011
 IBJ Staff
St. Regis USA Inc., a manufacturer of hand-etched and hand-painted glass and crystal products, plans to expand its operations in Indianapolis, creating up to 41 new jobs by 2014, the company said Thursday.
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Home builders close after alleged embezzlement scheme

June 23, 2011
Cory Schouten
Two prominent area home builders have ceased operations after owner J. Greg Allen filed suit against two longtime executives, alleging they've been stealing from the companies for years.
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Lilly CEO: Immigration, tax laws slow innovation

June 23, 2011
Bloomberg News
The U.S. government needs to open its borders to attract and retain talented scientists for drugmakers to employ, Eli Lilly & Co. CEO John Lechleiter plans to tell a technology conference Thursday.
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Report: State's life science sector continues to grow

June 23, 2011
Chris O'Malley
A total of 220 life sciences startups have been launched in Indiana since 2004, or an average of 44 per year, according to a new report from BioCrossroads that tracked the industry’s growth over the last eight years.
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Bayh, Card to tour U.S. in Chamber campaign against regulations

June 22, 2011
Bloomberg News
Former Senator Evan Bayh and former White House Chief of Staff Andrew Card will tour the U.S. in a campaign by the Chamber of Commerce urging small businesses to fight regulations they say are stunting job growth.
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Republic orders 80 Airbus jets for Frontier

June 22, 2011
Bloomberg News
Republic’s agreement to add the Airbus planes, which have a value of about $7 billion at list prices, comes as it pursues a $120 million restructuring plan for Frontier after buying the Denver-based airline out of bankruptcy in 2009.
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Groups call for probe of St. Francis hospital over charity care

June 22, 2011
J.K. Wall
Citizens Action Coalition Education Fund and Indiana Legal Services Inc. claim that “a good number” of Indianapolis south-side residents who should have qualified for reduced or waived bills at St. Francis were instead steered into payments plans.
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LEADING QUESTIONS: State Fair's boss plans for big bash

June 22, 2011
Mason King
LQ_Hoye_WatchVideoHow does a celebration of agriculture stay relevant? What happens after the cows go home? Cindy Hoye has answers.
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More changes coming to Star in wake of layoffs

June 22, 2011
Cory Schouten
A deep round of layoffs at The Indianapolis Star is only the beginning of a major restructuring of the company's news operations, Publisher Karen Crotchfelt told IBJ in an interview Wednesday.
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Electric car company filing for bankruptcy

June 22, 2011
Kathleen McLaughlin
Think Global, which has a factory in Elkhart and uses batteries made in the Indianapolis area, plans to liquidate its assets, according to supplier Ener1 Inc. Ener1 expects to lose $32 million in the process.
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Nidec closing Frankfort plant, cutting 94 jobs

June 22, 2011
 IBJ Staff
Japanese manufacturer Nidec Motor Corp. plans to close its facility in Frankfort, eliminating 94 jobs in the Clinton County community.
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Wishard to be renamed after $40M gift from developer

June 22, 2011
J.K. Wall
Wishard Health Services will change its name to Eskenazi Health after receiving a $40 million gift from Indianapolis real estate developer Sidney Eskenazi and his wife Lois, the county-owned hospital announced Wednesday morning.
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Red Gold moving headquarters to Elwood

June 22, 2011
 IBJ Staff
The Orestes-based company—the nation’s second-largest tomato canner—on Tuesday announced plans to invest $3.5 million to convert a former Elwood elementary school into a new corporate headquarters.
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Indianapolis Star lays off 62 in cost-saving purge

June 21, 2011
Cory Schouten
The Indianapolis Star on Tuesday laid off 62 employees including more than 15 percent of its newsroom staff in the latest round of cost-cutting by Gannett Co. Inc., the newspaper's parent company.
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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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