News & Analysis

Life sciences logistics firm opens new tissue storage facility

May 27, 2011
J.K. Wall
BioStorage Technologies' $4.6 million facility, located near the Indianapolis International Airport, will be used to prepare, store and transport tissue and blood samples.
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Indiana farmers far behind in planting corn crop

May 26, 2011
Associated Press
Indiana farmers made up a lot of ground in the past week, but experts say they are still far behind their typical planting schedule because of this spring's drenching rains.
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Nordstrom: Weak sales prompting closure of Circle Centre store

May 26, 2011
Scott Olson
Company President Erik Nordstrom said sales have fallen by half at the Circle Centre mall store since Nordstrom opened a Keystone Crossing location in 2008. The downtown store will close July 31.
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Planned Parenthood says donors alone can't sustain clinics

May 26, 2011
Kathleen McLaughlin
Donors from far and wide are sending money to Planned Parenthood of Indiana, but the organization doesn’t expect the giving to last.
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Court issues restraining order against Lilly

May 26, 2011
 IBJ Staff and Associated Press
Amylin Pharmaceuticals Inc. says a federal court has issued an injunction preventing drug development partner Eli Lilly and Co. from using the same sales force to sell an Amylin-developed diabetes treatment and a competitor's.
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HHGregg's profit, revenue rise, but same-store sales fall

May 26, 2011
 IBJ Staff
Indianapolis-based HHGregg boosted its fourth-quarter profit thanks to 42 stores that opened during 2010, off-setting decreased sales at retail locations operating for more than a year.
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Nordstrom closing Circle Centre store

May 26, 2011
Cory Schouten
Nordstrom plans to close its store at Circle Centre mall, dealing a substantial setback for downtown. The Seattle-based chain was scheduled to announce the closure to employees at a mandatory staff meeting Thursday morning, a person familiar with the plans told IBJ.
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Brain barrier breached in push to deliver Alzheimer's drug

May 25, 2011
Scientists with Roche Holding AG, the parent company of Indianapolis-based Roche Diagnostics Corp., may have found a way to overcome a blood barrier that keeps drugs from directly entering the brain, potentially opening new pathways to attack Alzheimer’s disease.
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Museums prepare to open permanent exhibits

May 25, 2011
Kathleen McLaughlin
Conner Prairie and the Children's Museum of Indianapolis each plan to open new permanent exhibits in June at a combined cost of $8.5 million.
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City Market set to oust 19-year tenant Enzo Pizza

May 25, 2011
Scott Olson
Directors of the historic building have notified the pizza restaurant that it needs to have its equipment removed by the end of the day on Friday after the two sides could not agree on a new lease.
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Teams scramble to please sponsors during race week

May 25, 2011
Kathleen McLaughlin
Andretti Autosport's purchase of an Indy 500 ride for bumped driver Ryan Hunter-Reay is an extreme example of the influence sponsors wield in the sport, but it's not unusual for motorsports teams to wheel and deal during race week.
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Indiana welfare workers indicted for stealing $191K

May 24, 2011
Associated Press
U.S. Attorney Joe Hogsett said Tuesday the three created 126 benefit cards in the names of welfare clients and used them to withdraw money at bank machines, buy retail goods and sell them from 2008 until April 2010.
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Children's Museum holds key to Winona redevelopment

May 24, 2011
Kathleen McLaughlin
The Children’s Museum of Indianapolis is playing the role of lead developer for the abandoned Winona Hospital site.
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Auburn auction school acquired, moving to Indianapolis

May 24, 2011
Auctioneer Melissa Davis and her father, Jack Christy, owner of Christy's of Indiana Inc., have purchased the 90-year-old Reppert Auction School and are relocating it to Indianapolis.
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Merrillville-based bank targets Carmel

May 24, 2011
 IBJ Staff
Centier Bank, a financial firm with 45 branches in northwest Indiana, has opened a business banking office in Carmel and is considering future expansion in the Indianapolis-area market.
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Veritas Realty owner sells stake to partner

May 24, 2011
Cory Schouten
Veteran developer Danny Marr has sold his stake in Indianapolis-based Veritas Realty to a partner and plans to work as a residential real estate agent in Florida.
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Indiana universities face questions over tuition increases

May 23, 2011
Associated Press
Indiana's top higher education official warned Monday that legislators may demand explanations from public colleges and universities if the schools approve tuition hikes in excess of caps recently suggested by a state panel.
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Feds review Indiana law targeting Planned Parenthood

May 23, 2011
Associated Press
Federal officials said Monday they're taking a hard look at a new Indiana law that withholds some public funding for Planned Parenthood of Indiana, a development that could cost the state some of its Medicaid funding.
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Indiana GOP chair: Daniels to help shape 2012 debate

May 23, 2011
Associated Press
Indiana Gov. Mitch Daniels will continue to influence the national debate surrounding the 2012 presidential campaign even though he isn't a candidate, the leader of Indiana's Republican Party said Monday.
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Simon Property to develop outlet center in Canada

May 23, 2011
Associated Press
Indianapolis-based Simon Property Group Inc. said Monday that it will open an outlet shopping center in Ontario, the first of the shopping mall owner's line of Premium Outlets-brand shopping centers in Canada.
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IU Health buying docs in hospital ventures

May 23, 2011
J.K. Wall
Indiana University Health is now quietly unwinding the physician ownership of its hospitals in Carmel and Avon—which sparked loud controversy when they opened in 2004 and 2005.
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OrthoIndy looks to loopholes for growth

May 23, 2011
J.K. Wall
OrthoIndy, the physician practice that owns the Indiana Orthopaedic Hospital, was able to open a new outpatient facility this spring by working around growth restrictions in the 2010 health care reform law. But its choices for further growth are much starker—which is why it's lobbying to repeal that provision of the law.
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Q&A

May 23, 2011
J.K. Wall
Bob Brody, CEO of Franciscan St. Francis Health, which operates three hospitals in central Indiana as part of the 13-hospital Franciscan Alliance system, discussed the rationale for its decision to take control of Visiting Nurse Service Inc.
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Lawyers for Marsh Supermarkets can’t depose David Marsh

May 23, 2011
Scott Olson
A federal magistrate ruled in favor of David Marsh in an attempt by lawyers for Marsh Supermarkets to depose him in the company's lawsuit against his father, ex-CEO Don Marsh.
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Indiana companies attracting more VC this year, report says

May 23, 2011
Francesca Jarosz
The $68.6 million invested in Indiana companies through the first quarter comes close to approaching the $79.3 million total that venture capital firms invested in the state in all of 2010.
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  1. Kent's done a good job of putting together some good guests, intelligence and irreverence without the inane chatter of the other two shows. JMV is unlistenable, mostly because he doesn't do his homework and depends on non-sports stuff to keep HIM interested. Query and Shultz is a bit better, but lack of prep in their show certainly is evident. Sterling obviously workes harder than the other shows. We shall see if there is any way for a third signal with very little successful recent history to make it. I always say you have to give a show two years to grow into what it will become...

  2. Lafayette Square, Washington Square should be turned into office parks with office buildings, conversion, no access to the public at all. They should not be shopping malls and should be under tight security and used for professional offices instead of havens for crime. Their only useage is to do this or tear them down and replace them with high rise office parks with secured parking lots so that the crime in the areas is not allowed in. These are prime properties, but must be reused for other uses, professional office conversions with no loitering and no shopping makes sense, otherwise they have become hangouts long ago for gangs, groups of people who have no intent of spending money, and are only there for trouble and possibly crime, shoplifting, etc. I worked summers at SuperX Drugs in Lafayette Square in the 1970s and even then the shrinkage from shoplifting was 10-15 percent. No sense having shopping malls in these areas, they earn no revenue, attract crime, and are a blight on the city. All malls that are not of use should be repurposed or torn down by the city, condemned. One possibility would be to repourpose them as inside college campuses or as community centers, but then again, if the community is high crime, why bother.

  3. Straight No Chaser

  4. Seems the biggest use of TIF is for pet projects that improve Quality Of Life, allegedly, but they ignore other QOL issues that are of a more important and urgent nature. Keep it transparent and try not to get in ready, fire, Aim! mode. You do realize that business the Mayor said might be interested is probably going to want TIF too?

  5. Gary, I'm in complete agreement. The private entity should be required to pay IPL, and, if City parking meters are involved, the parking meter company. I was just pointing out how the poorly-structured parking meter deal affected the car share deal.

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