News & Analysis

Carmel City Center gaining momentum

April 24, 2010
Cory Schouten
Thirteen years after Mayor Jim Brainard first described his vision for a new downtown along Range Line Road, Carmel City Center is starting to look like a city.
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George courting F1 again, but maybe not for Indy

April 24, 2010
Anthony Schoettle
Tony George, who was Indianapolis Motor Speedway and Indy Racing League chairman until last June, was in China for several days this month to attend F1's Chinese Grand Prix in Shanghai April 18 at the invitation of F1 boss Bernie Ecclestone.
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Politically connected broker's deals raise conflict questions

April 24, 2010
Cory Schouten
John Bales' firm earned $2.9M in commissions on leases for state agencies and $270,000 in commissions on the sale of surplus state properties. He also acted as a developer for public-sector tenants—putting them into buildings owned by him or his associates.
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Many retail locations plagued by vacanciesRestricted Content

April 24, 2010
Scott Olson
Vacancy rates unseen in 20 years are hampering efforts by developers.
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Clarian hospital system regains its appetite to buildRestricted Content

April 24, 2010
J.K. Wall
Clarian is planning to spend $1.7 billion in the next five years on capital projects, half of that going to its downtown Indianapolis campuses.
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Rising prices could help pork producers bounce backRestricted Content

April 24, 2010
Kathleen McLaughlin
The prices hogs are fetching this year will help farmers begin to climb out of the crater of 2008 and 2009. Average pork prices may approach record levels this year, Purdue University agricultural economist Chris Hurt predicted, up to $53.63 per hundred pounds. The record is $55.44 per hundred pounds, set in 1982.
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With five new acquisitions, Skillman builds car-lot dynastyRestricted Content

April 24, 2010
Peter Schnitzler
Ray Skillman bought five car lots in the last 12 months from other dealers who have struggled during the recession. Skillman now ranks among the five largest dealers in the area, and his chain is poised for even more growth.
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Medical device startup FlowCo enlists Guidant alums

April 24, 2010
Chris O'Malley
The upstart developer of a device to help doctors choose the right-sized stent to prop open clog-prone arteries has brought aboard former Guidant Corp. executives, including Bill McConnell. Their regulatory and marketing expertise could help FlowCo Inc. bring its artery-measurement product to market as soon as 2011.
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Anderson tech firm One Number files patent suit against GoogleRestricted Content

April 24, 2010
Chris O'Malley
An Anderson firm that provides a “one number” service that rings all of a client’s phones has filed suit against Web giant Google, alleging Google Voice infringes on two of its patents.
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Indy defense accounting jobs appear safe

April 23, 2010
Chris O'Malley
Department of Defense concurs that Indianapolis a better location than Cleveland for about 225 Marine Corps jobs.
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New helicopters coming for Indiana medical flights

April 23, 2010
Associated Press
Clarian Health officials on Thursday plan to buy four helicopters as it replaces aircraft in its aging patient-transport fleet.
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Waterworks board wants outside review of mayor's utility plan

April 23, 2010
Chris O'Malley
The waterworks board's plan to hire outside consultants to study the proposed sale of Indianapolis Water could delay the deal.
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Harlan Labs names new CEO

April 23, 2010
 IBJ Staff
The Indianapolis-based provider of clinical research animals has promoted senior manager Hans Thunem to its top spot.
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INSIDE DISH: Mug-n-Bun rides on 50-year formula

April 23, 2010
Mason King
MugnBun_WatchVideoIBJ's new video feature on restaurateurs tries curbside service at Speedway's Mug-n-Bun, unchanged in concept since the 1960s but now sporting subtle tweaks.
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Museum of Art expects boost from fall Warhol show

April 23, 2010
Kathleen McLaughlin
The Indianapolis Museum of Art expects its upcoming Andy Warhol exhibit to draw 40,000 people, helping it offset a drop in funding from its endowment.
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Indiana budget chief orders another 5 percent in cuts

April 22, 2010
Associated Press
State revenues are $867 million, or 9.4 percent, less than forecast through the first nine months of the current fiscal year.
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NCAA to expand March Madness from 65 to 68 teams

April 22, 2010
The three-team expansion is much more modest than 80-team and 96-team proposals the NCAA outlined just a few weeks ago at the Final Four.
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Local firm's Carolina development slides into bankruptcy

April 22, 2010
Scott Olson
Owner of Flaherty & Collins' apartment complex in Raleigh seeks to reorganize debts related to a $24.8 million loan. It's the second Flaherty & Collins project in North Carolina to fall into bankruptcy in six months.
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IDEM chief choking on EPA's new ozone proposal

April 22, 2010
Chris O'Malley
Cost of proposed EPA ozone limit would far outweigh any potential health benefits, Indiana Department of Environmental Management commissioner says.
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Indiana schools to exit Race to the Top competition

April 22, 2010
J.K. Wall
State will bow out of the $4.35 billion federal competition after a highly public feud between public schools chief Tony Bennett and the state’s teachers unions.
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PNC Financial's quarterly profit falls on bailout repayment

April 22, 2010
 IBJ Staff and Associated Press
PNC Bank has about 80 bank branches and 1,100 employees in the Indianapolis area, all doing business under the National City name.
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ITT Educational posts first-quarter profit, raises forecast

April 22, 2010
J.K. Wall
The Carmel-based operator of for-profit colleges pulled in profits of $85.7 million, or $2.46 per share, up nearly 44 percent from the same quarter a year ago.
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Simon adds $1.1B to General Growth proposal

April 22, 2010
Bloomberg News
Simon Property Group Inc. added four backers to its proposal to help rival mall owner General Growth Properties Inc. emerge from bankruptcy, increasing the plan’s total investment by $1.1 billion.
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Indianapolis gets $10 million for clean energy

April 21, 2010
Associated Press
The grant announced Wednesday is part of $452 million in stimulus funding nationwide for projects meant to make buildings more energy efficient.
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Report: Indiana far short of funding teacher pensions

April 21, 2010
Associated Press
Indiana is among the nation's five most underfunded teacher pension programs, but low ranking is misleading.
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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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