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News & Analysis
Senate rejects drug-importation proposal
December 16, 2009
IBJ Staff and Associated PressThe U.S. Senate voted down a plan Tuesday to allow Americans to import prescriptions from abroad, handing drug makers
such as Indianapolis-based Eli Lilly and Co. a victory.
MoreCummins engine business president stepping down
December 16, 2009
IBJ Staff and Associated PressEngine maker Cummins Inc. said the head of its engine business is leaving his role in March to pursue other projects at
the company. Jim Kelly joined the company in 1976 and was promoted to president of the engine business in
2005.
MoreBig Ten Conference ready to explore expansion
December 15, 2009
IBJ Staff and Associated PressAccording to a statement released Tuesday afternoon, the Big Ten Council of Presidents/Chancellors "believes that the timing
is right for the conference to once again conduct a thorough evaluation of options for conference structure and expansion."
MoreNew president elected for Indiana AFL-CIO
December 15, 2009
Associated PressNancy Guyott is the first woman to be president of the Indiana AFL-CIO.
MoreSpeedway slashes schedule of May activities
December 15, 2009
Anthony SchoettleBelt tightening for the Indianapolis Motor Speedway and Indy Racing League continues with the much-anticipated announcement
that the Brickyard's "month of May" activities will be shortened in 2010.
MoreUPDATE: Steak n Shake plan makes 'perfect sense' to investment pro
December 15, 2009
Scott Olson, Cory SchoutenThe Steak n Shake Co.’s unusual plan to initiate a reverse stock split has the support of at least one local investment
adviser,
if in fact the company’s CEO is attempting to model it after Warren Buffett’s holding company, Berkshire Hathaway.
MoreIT firm officially announces plans to create 200 jobs
December 15, 2009
Scott OlsonExecutives from BC Forward, Indianapolis’ largest computer consulting firm, said Tuesday the company will get even bigger,
with the addition of 200 jobs by 2012.
MoreBinford group plots next steps in retail revival
December 15, 2009
Tom HartonThe commercial area at 71st Street and Binford Boulevard is recovering from its funk, but a true transformation hinges on
implementing a master plan.
MoreHurco posts quarterly, yearly losses
December 15, 2009
The company attributed its losses to the ongoing global recession and the credit crunch that has made it difficult for businesses
to obtain financing to purchase Hurco's products.
MoreSteak n Shake plans 20-1 reverse stock split
December 15, 2009
Cory SchoutenThe Steak n Shake Co., in an unusual gambit, plans to initiate a reverse stock split that would reduce its number of shares
outstanding from almost 29 million to just 1.4 million and boost its per-share price from roughly $12 to $240.
More$60M Lilly Endowment grant to fund IU physician research
December 15, 2009
Peter SchnitzlerIndiana University, which has received nearly $600 million from the endowment over the last three decades, will leverage the
new gift to increase its
scientific discoveries and commercialize life science innovations.
MoreConseco offering new shares at $4.73 apiece
December 14, 2009
J.K. WallCarmel-based insurer hopes to raise $234 million through public offering.
MoreIUPUI seeking funds from CIB to renovate Natatorium
December 14, 2009
Scott OlsonIUPUI says it needs about $15 million to renovate the aging Natatorium swimming complex and wants the city's Capital Improvement
Board to fund part of the expense.
MoreStill hoping to sell securities, Fair Finance seeks extension
December 14, 2009
Greg AndrewsTim Durham's Fair Finance Co. says it needs another 30 days to provide Ohio regulators with a mountain of documents
they requested relating to insider loans and other issues.
MoreFormer Visteon plant lined up for Carbon Motors
December 14, 2009
Atlanta-based Carbon Motors is a step closer to producing its high-tech police cars in Connersville after a bankruptcy
judge authorized auto-parts maker Visteon Corp. to sell a closed plant to the city for $500.
MoreSupreme Court rejects Indiana's appeal of Chrysler sale
December 14, 2009
IBJ Staff and Associated PressThe justices on Monday turned down an appeal from the state of Indiana pension funds that earlier challenged the automaker's
bankruptcy proceedings.
MoreLilly wins approval for long-acting Zyprexa
December 14, 2009
J.K. WallOnce-a-month injection of best-selling drug will have patents that could extend until 2018.
MoreLocal home builder placed in receivership
December 14, 2009
Scott OlsonA receiver appointed to manage the assets of financially troubled Hansen & Horn Group Inc. will recommend whether the Indianapolis-based
home builder should remain in business.
MoreIndiana weighs changes to combat out-of-state casinos
December 13, 2009
Associated PressState lawmakers are weighing possible changes to state gambling laws at a time when growing competition from out-of-state
casinos threatens to cut into business at Indiana's 11 riverboat casinos.
MoreObama reforms not necessarily dire for Sallie Mae in Indiana
December 12, 2009
J.K. WallThe plan to nationalize the federal student loan program threatens to force Sallie Mae
to hack its network of 26 offices down to five. Yet the company's Indiana operations have several advantages that could
help weather the cuts.
MoreStout's Shoes still in step after 123 years
December 12, 2009
Brock BenefielAfter more than a century in business, Indianapolis-based Stout’s Footwear Co. isn’t just
surviving. It also is proceeding with plans to open
a store next year on the city’s north side.
MoreFederal filing lists another link between Brizzi, Durham
December 12, 2009
Greg AndrewsA federal financial-disclosure statement Brizzi submitted in May lists the politician as an investor in Red Rock Pictures
Holdings Inc., a film-development firm also backed by Durham.
MoreCash-strapped mayors may tap owners of tax-exempt property
December 12, 2009
Kathleen McLaughlinA group of mayors led by Tom Henry of Fort Wayne and Greg Ballard of Indianapolis is seeking new sources of revenue to replace
the millions they’ll lose because of property tax caps.
MoreBasketball tournament expansion could pay off for NCAA
December 12, 2009
Anthony SchoettleThe NCAA might expand its annual men’s tournament from the current three-week, 65-team format
to one featuring an added week and a whopping 96 teams. Proponents of the plan say it will generate a bigger
television rights-fee deal for the not-for-profit NCAA, which disperses 95 percent of the income to member institutions.
MoreEspresso Book Machine could open new pages in local retailing
December 12, 2009
Gabrielle PoshadloThe pricey Espresso prints and binds books while customers wait. But retailers aren't sure what to expect when the the machine
gains wider acceptance.
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First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.
I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.
Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??
On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.
It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.