News & Analysis

Pacers would pay big if they moved

April 17, 2010
Anthony Schoettle
Moving the Indiana Pacers from Conseco Fieldhouse to another city would impose serious financial hardship on the franchise, according to one interpretation of the team's 10-year-old deal with the city.
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Clarian plans $375M hospital tower at Methodist

April 17, 2010
J.K. Wall
Clarian Health is planning to build a bed tower at Methodist Hospital in a massive project that shows renewed commitment to the downtown campus. The tower would have 175 to 250 beds and allow Methodist to make all its rooms private.
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Can Lilly afford to maintain its dividend?Restricted Content

April 17, 2010
J.K. Wall
As shareholders gather April 19 for Eli Lilly and Co.'s annual meeting, more of them than ever will come with an unusual question: Will Lilly be able to keep paying its dividend?
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Struggling firms stash away losses to cut future taxesRestricted Content

April 17, 2010
Peter Schnitzler
Conseco expects its write-offs will be worth more than $800 million over the next 20 years.
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Utilities face conundrum with carbon dioxide emissionsRestricted Content

April 17, 2010
Chris O'Malley
So-called carbon capture and sequestration, or CCS, is seen by some in the utility business as a potential salvation for coal. But utilities may face a damned-if-you-do, damned-if-you don't scenario.
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Historic preservation group poised to expand roleRestricted Content

April 17, 2010
Kathleen McLaughlin
Historic Landmarks' endowment is down sharply, but executives believe they can afford to take on the cultural-events-center project.
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Carbon storage presents prickly trade-offsRestricted Content

April 17, 2010
Chris O'Malley
Not only are utilities grappling with how to pull carbon from their coal-fired emissions, but they also crave certainty about where to put the carbon. With minimal information available about Indiana's deep subsurface , much remains to be done to determine where and at what scale the practice could be deployed here.
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Lender suffers own painful loss after homeowner's deathRestricted Content

April 17, 2010
Greg Andrews
A home that fetched $1.6 million in 2005 fetched a mere $370,000 when the lender sold it last year.
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Biglari's comparisons to Buffett debatedRestricted Content

April 17, 2010
Cory Schouten
Sardar Biglari has copied some of the trademarks of his investing idol, Warren Buffett, including a folksy annual letter to shareholders. But Biglari is just starting his career and already is showing signs of taking a different approach than that of the Oracle of Omaha.
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Tomisue Hilbert investigates mother's death, $15M insurance policy

April 17, 2010
Peter Schnitzler
The wife of Indianapolis businessman Steve Hilbert is working with a team of attorneys to determine whether her deceased mother’s estate can claim the benefit of a life insurance policy issued by Houston-based American General Life Insurance Co.
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HICKS: Good local governance will support schools

April 17, 2010
Mike Hicks
Reorganizing school districts is difficult, but we Hoosiers have done so before.
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Cash-strapped schools eye full-day kindergarten

April 17, 2010
Associated Press
Many districts want to keep the full-day programs and say they're considering increasing fees to do so.
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Duke: New coal plant's cost rises to $2.9B

April 16, 2010
Associated Press
Duke Energy says the cost of the coal-gasification power plant it's building in southwestern Indiana has risen by $530 million.
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Brizzi ordered dismissal in trespassing case

April 16, 2010
Cory Schouten
Another case has surfaced in which Marion County Prosecutor Carl Brizzi personally weighed in to the benefit of defense attorney Paul Page, Brizzi’s friend and business partner.
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General Growth seeks better offer than Simon's

April 16, 2010
Bloomberg News
General Growth Properties Inc. is seeking a higher price, fewer stock warrants or both from Brookfield Asset Management Inc. after its bankruptcy exit plan was matched by Simon Property Group Inc.
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Pacers' woes tied to Lucas Oil Stadium deal

April 16, 2010
Anthony Schoettle
Five years ago, the Indiana Pacers ownership was not included in discussions about a potential new downtown home for the Indianapolis Colts, and now city and Pacers officials are paying the price.
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INSIDE DISH: Restaurateur rebounds with Pizzology

April 16, 2010
Mason King
Pizzology_WatchVideoAfter a sales slowdown during the recession forced him to close the high-end eatery L'explorateur, Neal Brown mulled a move into Neopolitan-style pizza with friendlier price points. The result—Pizzology Pizzeria & Pub—is off to a profitable start.
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Former basketball players accuse firm of investment fraud

April 16, 2010
Peter Schnitzler
Three Serbian players, two of whom spent time in the NBA, allege Carmel-based Worldwide Associates LLC mismanaged over $12 million.
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Live Nation seeks dismissal of Murat lawsuit

April 16, 2010
Kathleen McLaughlin
Beverly Hills, Calif.-based entertainment company says lease gives it the right to change venue's name to Old National Centre.
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State jobless rate ticks up to 9.9 percent

April 16, 2010
The number of jobs in Indiana rose by 16,600, marking the largest month-to-month increase since September 2005, the Department of Workforce Development said.
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Race organizers hoping for last-minute registration rush

April 16, 2010
Scott Olson
As of Friday, 39,900 people had signed up for the local Race for the Cure, which drew 42,000 last year and 45,000 in 2008. The Indianapolis event is the sixth-largest in the country, but it ranks 70th nationally in terms of dollars raised.
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Missed payments force Emmis to add independent directors

April 16, 2010
Peter Schnitzler
Preferred stockholders, owed about $14 million after six consecutive quarters of missed dividends, will elect two new members to media firm's board at its July 14th annual meeting.
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UPDATE: Teachers union tells Bennett to start over on reform

April 15, 2010
J.K. Wall
Superintendent of Public Instruction Tony Bennett invites heads of teachers unions to meeting to publicly share reform ideas instead of "bureaucratic rhetoric and no specifics."
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Expansion set for Camp Atterbury training site

April 15, 2010
 IBJ Staff and Associated Press
The proposed plan will expand the Indiana National Guard's Camp Atterbury, bring economic development to south-central Indiana, and open a new fish and wildlife area in Putnam County in western Indiana.
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Failed developer of French Lick casino sues Cook exec

April 15, 2010
Scott Olson
Cook Group Chairman Steve Ferguson is target of complaint that charges he and others violated federal racketeering laws by serving on an entity that recommended a team that included Bill Cook to develop the French Lick Resort project.
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  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

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