News & Analysis

Online Transport buys Frontier assets from Toronto firm

December 1, 2010
Greenfield trucking company buys 794 trailers from Toronto-based Vitran Corp. for about $5 million to bolster operations.
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Kite plans to raise $65 million in stock offering

December 1, 2010
The Indianapolis-based real estate investment trust said it will sell 2.6 million shares of preferred stock at $25 each to repay debt, purchase property and use for general corporate purposes.
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Marion County GOP chairman stepping down

December 1, 2010
 IBJ Staff
Tom John will resign as chairman of the Marion County Republican Party once a new chairman is elected, he announced in a letter sent to Republican party members.
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St. Francis covets Greenwood's growth

December 1, 2010
J.K. Wall
It doesn’t take a genius to figure out why St. Francis Hospital & Health Centers is going to build a new ER and medical office complex near Greenwood: The area has been growing over the past decade 10 times faster than the city of Indianapolis.
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Contrarians think it's new day for Lilly

December 1, 2010
J.K. Wall
The trouble-free market approval obtained by Eli Lilly and Co. for a new underarm testosterone treatment brightened the company’s outlook—at least for one of the few optimistic analysts covering the company.
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State lawmakers face tough choices over prison costs

November 30, 2010
Associated Press
Indiana lawmakers will swim rough political waters next year when deciding whether to spend millions more on overcrowded prisons or reducing prison sentences and being seen as soft on crime.
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Electronics maker buying former GM factory in Anderson

November 30, 2010
Northwind Electronics LLC will invest $954,000 to buy, renovate and equip a former General Motors factory in Anderson—creating as many as 100 jobs in the next two years, state economic development officials said Tuesday afternoon.
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Anderson loses out on Bright Automotive tech center

November 30, 2010
Upstart hybrid vehicle maker plans to locate tech center in Rochester Hills, Mich. About 200 jobs and an $11 million investment were at stake.
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State memo: Schools won't see more budget cuts

November 30, 2010
Associated Press
Memo from Superintendent Tony Bennett to district administrators says there are "no current plans for reductions"
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Renewed Sunday liquor fight to focus on money

November 30, 2010
Francesca Jarosz
Backers of the proposed legislation have begun touting a study estimating that as much as $9 million in additional tax revenue would be generated for Indiana by the allowance of Sunday sales.
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Simon widow's attorneys want judge to step down

November 30, 2010
Cory Schouten
Attorneys for Bren Simon turned their ire toward a Hamilton County judge on Tuesday, asking him to recuse himself from a legal battle over real estate magnate Melvin Simon's $2 billion estate.
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Organic food company with big plans cutting jobs

November 30, 2010
Associated Press
Really Cool Foods, which started operations in eastern Indiana two years ago with plans for hiring 1,000 workers, now has about 200 after a round of layoffs this week.
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CNO Financial looking to refinance bank loans

November 30, 2010
J.K. Wall
The Carmel-based life and health insurer says it has started discussions with a group of lenders about refinancing $652.1 million in debt.
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WRTV names new general manager

November 30, 2010
 IBJ Staff
Larry Blackerby, a 30-year television veteran, has been picked to replace long-time WRTV-TV General Manager Donald Lundy, parent company McGraw-Hill Broadcasting announced Tuesday.
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Historic downtown building poised for overhaul

November 30, 2010
Tom Harton
DLZ Indiana closed in September on the century-old building at 157 E. Maryland St. and plans to spend nearly $2.3 million renovating it.
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Logistics provider moves to city’s northwest side

November 30, 2010
FitzMark Inc. relocates to space on Zionsville Road to accommodate growth, much of it resulting from the launch of an online subsidiary called FreightCity Inc.
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$26.8M military deal revs local Rolls-Royce operation

November 30, 2010
 IBJ Staff
Rolls-Royce Corp.’s Indianapolis operations continue to cash in on military contracts, scoring a $26.8 million deal to provide 12 spare engines for the Osprey tilt-rotor aircraft.
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Coaching search gives Hoosiers uncertain future

November 29, 2010
Associated Press
The new coach, whomever it is, will become the school's sixth since 1996 — more than any other Big Ten school. He will take over a team that has only three Big Ten wins over the past three years and just ended a 12-game losing streak against conference foes and a 15-game losing skid against league opponents away from Bloomington.
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Judge denies motion to dismiss school funding suit

November 29, 2010
Associated Press
Hamilton Southeastern Schools, Franklin Township Schools and Middlebury Community Schools say the school formula violates the state constitution's requirement for "general and uniform" public education funding because districts get different per-pupil amounts.
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Indiana voter turnout up nearly 4 percent from 2006

November 29, 2010
Associated Press
Figures released Monday by the Indiana secretary of state's office show that about 1.79 million Hoosiers cast ballots for the Nov. 2 election.
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Digital textbook startup moving to Indiana

November 29, 2010
J.K. Wall
Encompass Media LLC, run by Indianapolis native Scott Watanabe, projects rapid growth for digital textbooks.
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Storage-unit auctions not so ‘strange’ anymore

November 29, 2010
Scott Olson
Cable television shows have helped drive the popularity of storage-facility auctions, and an Indianapolis man who conducts the sales is witnessing the trend firsthand.
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Cost of '12 Days of Christmas' items soars 10.8 percent

November 29, 2010
Associated Press
Trying to buy the items repeated in the song's verses would cost $96,824—10.8 percent more than last year due to rising gold prices and higher pay for nine dancing ladies.
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Indiana resists call for renewable energy mandates

November 28, 2010
Associated Press
The state is one of only 14 nationwide without a renewable energy standard, according to the Pew Center of Global Climate Change.
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State still issuing water permits under controversial, old rules

November 28, 2010
Associated Press
More than three years after sparking an uproar by issuing BP a permit allowing it to discharge more pollution from its Whiting refinery, Indiana is still issuing permits under the same problematic set of rules that played a role in that 2007 controversy.
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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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