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News & Analysis
Planned Parenthood cuts jobs, closing health centers
October 14, 2009
Scott OlsonPlanned Parenthood of Indiana has cut 25 jobs and will close six health centers around the state as part of a restructuring
it attributed to a decline in federal funding.
MoreDow Jones industrials close above 10,000
October 14, 2009
Associated PressThe Dow Jones industrial average is back above 10,000 for the first time in a year.
MoreIndiana State Museum chief Dressel abruptly resigns
October 14, 2009
Kathleen McLaughlinBarry Dressel has resigned as the president and CEO of the Indiana State Museum, the state's Department of Natural Resources
confirmed Wednesday afternoon.
MoreConseco shares soar on hedge-fund investment
October 14, 2009
J.K. WallShares of Carmel-based life insurer soared as much as 26 percent, to $6.30 apiece, in morning trading after New York-based
Paulson & Co. agreed to buy $78 million in Conseco stock and $200 million in company bonds.
MoreCity strengthens building-permit process
October 14, 2009
Scott OlsonThe pre-permit review could add nearly three weeks to the current permitting process
MoreLilly to pay Idaho $13M in drug settlement
October 14, 2009
IBJ Staff and Associated PressIdaho is getting $13 million as part of a settlement reached with Indianapolis-based Eli Lilly and Co. over its marketing
of
anti-psychotic drug Zyprexa.
MoreLilly to sell Lafayette plant to German firm
October 14, 2009
J.K. WallNearly 700 workers will be offered severance, new jobs
MoreCIB improves financial situation with more cuts
October 13, 2009
Scott OlsonThe Indianapolis Capital Improvement Board's dire financial situation might be improving enough that it may forego the
first installment of a $27 million state loan.
MoreConseco to sell shares, bonds to shore up finances
October 13, 2009
J.K. WallHedge fund will control nearly 10 percent of Carmel-based insurer.
MoreSurvey: Manufacturers optimistic about economic recovery
October 13, 2009
Scott OlsonIndiana manufacturers, many of which have suffered major job losses, are optimistic the economy will rebound next year,
according to an annual survey commissioned by Katz Sapper & Miller LLP.
MoreO'Malia's closing northside market after 33 years
October 13, 2009
Cory SchoutenThe O'Malia's Food Market near 56th Street and Emerson Avenue will close for good this weekend after a 33-year run.
MoreIndiana Health Information Exchange lands big insurer
October 13, 2009
J.K. WallUnitedHealthcare has become the second health insurer to join Quality Health First, a pay-for-performance program operated
by the Indiana Health Information Exchange, the exchange announced Tuesday.
MoreVIDEOS: IBJ panelists examine needs, options for health-care reform
October 13, 2009
J.K. WallPresenting five video excerpts from a free-wheeling panel discussion about health-care reform featuring five of the city's
top decision-makers. J.K. Wall moderates the IBJ's Power Breakfast, covering tort reform,illegal immigrants, pay models and
insurance companies.
MoreShopping center vacancies continue to climb
October 12, 2009
Scott OlsonVacancies at U.S. shopping malls and retail strip centers have climbed to steep levels, a trend that Indianapolis-based commercial
real estate companies Simon Property Group Inc. and Kite Realty Group Trust haven't been able to dodge.
MoreStudy: Taxing services could yield state $6.8B
October 12, 2009
Peter SchnitzlerThe non-partisan Indiana Fiscal Policy Institute this morning released a new study exploring the ramifications of expanding
the state's sales tax to include services.
MoreDow AgroSciences ratcheting up biotech efforts
October 10, 2009
Scott OlsonDow AgroSciences' introduction of a promising new product is helping transform the Indianapolis company as it transitions
from a focus on traditional agricultural chemicals to genetically altered seeds. The subsidiary of Michigan-based Dow Chemical
Co. partnered with St. Louis-based Monsanto Co. to develop what could become its biggest blockbuster, a genetically modified
corn variety it calls SmartStax.
MoreWellPoint memos show job cuts starting with mid-level execs
October 10, 2009
J.K. WallWith a national unemployment rate of nearly 10 percent eroding its customer base, WellPoint Inc. is cutting at least 30
middle-management employees and reshuffling its corporate organization, according to internal memos obtained by IBJ.
MoreSecurities firm Stifel Nicolaus balks at fraud charge
October 10, 2009
Peter SchnitzlerTransactions cited in the complaint involved advisers scattered across the firm’s seven Indiana offices, though two-thirds
were clients of Jeff Cohen.
MoreGrocery, housing projects could rejuvenate stretch of 16th Street
October 10, 2009
Cory SchoutenA troubled low-income housing project has a new owner with plans to redevelop the complex to better
connect with the Herron Morton Place neighborhood. Next door, Kroger has revived efforts to acquire
land and plan a new supermarket to replace a cramped, old-format location.
MoreIndiana State Museum chief trying to define brand on tight budget
October 10, 2009
Kathleen McLaughlinThe museum finally has a brand—it bills itself as a “center for science
and culture”—but don’t expect a splashy campaign.
MoreIndustrial real estate holding up during downturn
October 10, 2009
Industrial real estate in Indianapolis hasn’t escaped a bumpy ride caused by the recession, but it has managed to
withstand turbulence better than the office and retail sectors.
MoreDowntown public art campaign loses funding
October 10, 2009
Kathleen McLaughlinThe organizations that spearheaded the city’s public art campaign are crippled for a lack of funding. While other public
art efforts are under way in Indianapolis, no one organization has the money to commission an exhibit large enough to fill
downtown.
MoreMy Health Care Manager lands $3 million investment
October 10, 2009
Peter SchnitzlerThe company, which guides working adults and their parents through the maze of decisions and agencies involved in care for
seniors, plans to use the money primarily to augment its sales staff and operations.
MoreProposed Fishers medical park faces uncertain demand
October 10, 2009
Scott OlsonThe business park would encompass about 900 acres on the town’s northeast side and require rezoning
of much of the land, from residential and agriculture to commercial.
MoreLucas Oil out to build on Jiffy Lube deal
October 10, 2009
Anthony SchoettleOne year after emblazoning its name on the Indianapolis Colts’ mammoth new home, Lucas Oil Products Inc. has leveraged
that sponsorship into a pact with Jiffy Lube that company founder Forrest Lucas thinks will score huge profits for his company.
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First, let me say that I love the idea of communities being self-sufficient and people in the community not needing cars, living, working and shopping all in their neighborhood. To sum it up; I love good urban planning and hate urban sprawl. However, there are two reasons that I am against this development. First, this building doesn't fit. Density can occur in Ripple by building up top the street and better use of land. The scale of this project should be downtown. Secondly, I would be willing to bet that if a whole foods in Ripple is built, the Nora store would be closed. Here's my reasoning. The Nora Whole Foods expansion plans have been put on hold. I'm guessing they are waiting to see what happens with the Ripple proposal. Communities next to each other should work together to end sprawl and not work against each other and take other neighbors assets. Develop something both communities can be proud of and will attract more development and density. There's my soap box for the day.
My apologies, Lou - it was the Indy Star that printed cost for entertaining "celebrities" during Indy 500. Sorry for confusing the always timely IBJ with Indy's Gannett reprint news source.
That's fine if you want a grocery store that has festivals and live music. I guess with the prices they charge, they can afford to host such activities. As for me, I choose to spend my money more wisely and if I want to go to a festival or a concert, I will pay for that separately - not through my grocery bill.
TIF is not just to attract development but to attract a higher use for that development. Carmel wisely is using TIF for numerous public parking garages. Asphalt seas of parking pay little taxes and bring even less value to a commercial area. Also density is what is going to save Indy and Broad Ripple. The days of trying to compete with burbs are long gone.
The Prestige was an awesome movie.