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News & Analysis
Lilly cancels trials for experimental MS drug
July 28, 2009
J.K. WallEli Lilly and Co. and a development partner has canceled clinical trials on an experimental drug to treat multiple sclerosis
after the drug failed to delay progression of the disease in trial patients.
MoreGrain Dealers Mutual merges with Florida firm
July 28, 2009
Scott OlsonIndianapolis-based Grain Dealers Mutual Insurance Co., one of the largest property-casualty insurers in the state, will
become part of The Main Street America Group, the Jacksonville, Fla.-based company said this morning.
MoreAllstate ends Brickyard 400 sponsorship
July 27, 2009
Anthony SchoettleAllstate Corp. is ending its five-year run as the lead sponsor of the Allstate 400 at the Brickyard NASCAR race in Indianapolis,
company officials said today. The announcement comes after this year’s race at Indianapolis Motor Speedway
suffered a 20-percent attendance drop from last year’s event.
More125 workers at Indianapolis GM plant take buyout offer
July 27, 2009
Kathleen McLaughlinMore than 125 people at General Motors Corp.’s metal-stamping plant in Indianapolis have signed up for buyouts or early-retirement
packages that are worth as much as $115,000 in cash per worker, a union official said this morning.
MoreRegulators hike Irwin Union's capital requirements
July 27, 2009
Peter SchnitzlerRegulators have told Irwin Union Bank FSB that it must boost its capital by the end of next month or face the possible
suspension of its business.
MoreOld National profit falls, but beats expectations
July 27, 2009
Scott OlsonSecond-quarter profit for Old National Bancorp fell 50 percent from the same period a year ago, but the company still managed
to exceed analysts’ expectations.
MoreSeniors are nation's fastest-growing group of entrepreneurs
July 27, 2009
Peter SchnitzlerFor four decades, Jim Ashby worked as a manufacturing floor manager, first for General Motors Corp., then, after a buyout,
for an Ingersoll Rand subsidiary. He likes to relax and fish, but Ashby considers himself too energetic for retirement. He’s
now 67 years old. And a first-time entrepreneur.
MoreBanks no longer in critical condition, but full recovery still distant
July 27, 2009
Scott OlsonThe banking sector is on the mend after being tattered by the financial crisis, but it still has a long way to go before
making a full recovery. That’s the consensus, judging from recent stock performances of the largest publicly
traded banks with a presence in Indianapolis.
MoreBanks building new branches despite online age
July 27, 2009
Marc D. AllanBank transaction counts—the number of people going into banks to make a deposit, cash a check or
conduct some other form of business—have declined in recent years with the increased popularity
of direct deposit, online banking and easy ATM accessibility. So why add branches?
MoreIndianapolis hotels feel pain of national slump
July 27, 2009
Anthony SchoettleHotel occupancy rates are way down in Indianapolis, as they are elsewhere, but local operators and national analysts think
the city is in a good position to bounce back when the economy improves.
MoreClients flee advisory firm for not-for-profits
July 27, 2009
Kathleen McLaughlinWorkPoint, an Indianapolis firm entrusted to handle finances for not-for-profits, has lost several clients in the past 12
months, and all for the same reason—missing money.
MoreTime Factory will challenge Shutterfly, Flickr for Web photo market
July 27, 2009
Chris O'MalleyIndianapolis calendar publisher Time Factory Publishing is launching a Website to compete with photo sharing and publishing
sites Shutterfly and Flickr.
MorePoll says Colts are the local fan favorite
July 27, 2009
Anthony SchoettleA newly released 2008 poll shows the Indianapolis Colts thumping the Indiana Pacers in fan support, which isn’t a
surprise given the recent fortunes of the teams. But some observers say the numbers are more a reflection of the popularity
of the National Football League and the Colts’ Peyton Manning than an indictment of the Pacers.
MoreBattered manufacturing towns hungry for food processors
July 27, 2009
Kathleen McLaughlinEconomic development officials like the stability of the food business, though wages typically are mediocre.
MoreSt. Francis buys big cardiology practice
July 27, 2009
J.K. WallAs concern grows among medical providers that health care reform augurs lower payments, St. Francis
Hospital & Health Centers has agreed to absorb a large group of cardiologists that bring lucrative heart patients to its
facilities.
MoreRedevelopment eyed for former jail building
July 27, 2009
Cory SchoutenProspective buyers need a little vision to see the potential in the four-story former jail at the southwest corner of Maryland
and Delaware streets.
MoreCity files complaint against Bright House Networks over unpaid fees
July 27, 2009
Chris O'MalleyA municipality has filed the first formal complaint against a cable television operator since state telecommunications reform
three years ago unplugged local government oversight of operators.
MoreAdvertising veterans launch new agency
July 27, 2009
Anthony SchoettleThree Indianapolis advertising and marketing veterans have launched a new full-service agency. While the timing might not
be great—with the swooning economy—Dave Lesh, Bruce Dean and Bill Hendrickson think they have the experience to
forge a solid business.
MoreDueling Franklins iron out trademark dispute
July 21, 2009
J.K. WallIndiana-based Franklin College and Ohio-based Franklin University resolved their legal case last night, with Franklin University
agreeing to take specific steps in its advertisements to distinguish itself from Franklin College.
MoreWestfield moves ahead with sports facility plan
July 21, 2009
IBJ StaffA study commission has concluded that a major development involving a new youth-sports complex would be viable for Westfield,
the city announced this morning.
MoreIndianapolis golf course contracts up for bid
July 20, 2009
Kathleen McLaughlinMayor Greg Ballard’s
administration is requesting proposals to manage all but one of Indianapolis’
13 municipal courses.
MoreHoosier Academies leads chase for virtual charter schools
July 20, 2009
J.K. WallHoosier Academies is the leading candidate to operate a controversial virtual charter school pilot program authorized last
month by the Legislature.
MorePotential obesity breakthrough boosts Marcadia
July 20, 2009
J.K. WallFavorable article in prestigious journal could draw attention to Carmel biotech startup.
MoreCarmel grapples with rec center finances
July 20, 2009
A new business plan is in the works for the high-end Monon Center in Carmel.
MoreSupermarket shuffle at Conseco Fieldhouse
July 20, 2009
Anthony SchoettleMarketers and grocery store insiders say The Kroger Co.'s recently announced deal to partner with the Indiana Pacers and
Indiana Fever isn't just another sponsorship agreement.
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So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.
Owner occupied housing. Clear enough?
So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.
Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.
RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.