News & Analysis

Airport plans holiday events to lure traffic to Civic Plaza

November 27, 2009
Associated Press
Entertainment planned for December could put airport visitors in a spending mood. Retail sales at the terminal have suffered this year due in part to a 10 percent drop in passenger traffic, prompting the Airport Authority to search for ways to boost revenue.
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Plant would pipe carbon dioxide to oil rigs

November 26, 2009
Associated Press
Carbon dioxide produced by a proposed coal gasification plant near the southern Indiana town of Rockport would be used to help boost oil production in the Gulf of Mexico under a plan by the company leading the project.
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Employers brace for Cyber Monday

November 25, 2009
Scott Olson
More than 53 percent of workers with Internet access, or 68.8 million, are expected to shop online Monday, according to the Washington, D.C.-based National Retail Federation.
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Brizzi dropped plan to serve on board of Durham company

November 25, 2009
Greg Andrews
Marion County Prosecutor Carl Brizzi said he agreed this fall to serve on the board of Tim Durham’s Fair Finance Co., but changed his mind several weeks later after Durham told him a newspaper was working on an investigative story about the company.
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Cabaret Theatre moving to downtown's Columbia Club

November 25, 2009
Scott Olson
The troupe will relocate from its temporary location at the Connoisseur Room in time to present a holiday show that runs Dec. 10-12.
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Neighborhood revitalization group calling it quits

November 24, 2009
 IBJ Staff
BOS Community Development Corp., created in 1982 to revitalize the Indiana Avenue and Midtown area, says its mission is accomplished.
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Patachou owner's pizzeria receives variance approval

November 24, 2009
Scott Olson
Cafe Patachou owner Martha Hoover can now move forward with plans to open a pizzeria next to her trademark eatery at 49th and Pennsylvania streets.
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UPDATE: FBI searches Durham-owned company offices

November 24, 2009
Greg Andrews
Ohio securities regulators say Tim Durham's Fair Finance Co. won't be permitted to sell additional investment certificates unless it satisfactorily answers a series of questions about the company's ability to pay them back.
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FBI serves search warrants on Durham-owned companies

November 24, 2009
The FBI on Tuesday executed search warrants at two companies led by high-profile executive Tim Durham—Indianapolis-based Obsidian Enterprises Inc. and Akron, Ohio-based Fair Finance Co.
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Troubled homebuilder's funds frozen after failing to pay judgment

November 24, 2009
Scott Olson
A Marion County judge has frozen certain Hansen & Horn Group Inc. funds after the Indianapolis homebuilder failed to pay a $183,000 legal judgment. The move sheds light on the severity of the company’s woes.
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Research lab could replace ATA headquarters

November 24, 2009
Cory Schouten
Paul Kite Co. has applied for a rezoning of the 16.5-acre site to allow for non-airport uses.
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Haynes reports quarterly, fiscal-year losses

November 24, 2009
Kokomo-based Haynes International Inc.'s efforts to consolidate operations and reduce inventory could not keep it from losing $3 million in its fiscal fourth quarter, the company announced Monday.
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Ballard set to shake up CIB with staff moves

November 24, 2009
Peter Schnitzler
CIB Treasurer Ann Lathrop will become board president, replacing Bob Grand at the helm of the organization that oversees the city's professional sports stadiums and the Indiana Convention Center.
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Retail space rises in Carmel

November 24, 2009
Tom Harton
Retail construction has all but ground to a halt because of the recession, but that’s not the case in Carmel, where Keystone Construction Corp. is in the midst of developing a $45 million, mixed-use project.
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Hillenbrand profits rise despite revenue declines

November 24, 2009
 IBJ Staff
Improved investment returns and lower costs on diesel fuel and raw materials used in Hillenbrand's products helped improve company earnings
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Lumina awards $831,000 to state chamber, commission

November 23, 2009
The Indiana Chamber of Commerce and the Indiana Commission for Higher Education announced Monday afternoon that the Lumina Foundation for Education has awarded them $831,000 to help fund an initiative designed to increase the number of college graduates.
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Biglari was persistent in pressing Western Sizzlin deal

November 23, 2009
Greg Andrews
Steak n Shake CEO Sardar Biglari proposed buying Western Sizzlin in January and again in May and advocated the unusual structure of the $39 million transaction.
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Salvation Army kettles going high-tech

November 23, 2009
Andrea Muirragui Davis
The Salvation Army of Indiana soon will test a swipe-card option for curbside donations to its annual "Tree of Lights" fund-raising campaign.
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Indiana casino owner declares bankruptcy

November 23, 2009
 IBJ Staff and Associated Press
Majestic Star Casino LLC owns two casinos and a hotel in Gary, a casino-hotel in Tunica County, Miss., and a casino in Black Hawk, Colo.
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Wind turbine maker adding 260 jobs in New Albany

November 23, 2009
 IBJ Staff
California-based WindStream Technologies Inc. plans to locate a development and production facility at Purdue Research Park of Southeast Indiana, creating more than 260 jobs by 2012.
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Remnants of failed Premier Properties finally hit market

November 21, 2009
Cory Schouten
CB Richard Ellis recently began marketing the most prominent of Premier Properties’ local properties, Metropolis. The Venu site at the southwest corner of East 86th Street and Keystone Avenue also is up for grabs.
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Falling property prices fuel new wave of bank woes

November 21, 2009
Peter Schnitzler
The second and third quarters were brutal for Indiana banks, as they set aside big reserves to cover losses on commercial real estate loans.
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Homeownership losing cachet due to housing bust, job losses

November 21, 2009
Cory Schouten
Multifamily housing may not benefit anytime soon from falling rates of homeownership.
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Fledgling technology park is development bright spotRestricted Content

November 21, 2009
Kim Puckett
WestGate@Crane Technology Park is adding office buildings for defense contractors next to the secretive Naval Surface Warfare Center at Crane.
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Top local money managers hedge against stagflationRestricted Content

November 21, 2009
Peter Schnitzler
Faced with the potential for another bout with stagflation, investment managers are scrambling to decide how to face a future when markets may again be thrown into turmoil by the two-headed monster of frisky price increases and crummy economic conditions.
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  1. I keep wondering why I keep hearing about this problem of corporations leaving America, and I never hear a reasonable proposal to lower corporate tax rates and raise personal rates on income from capital gains and dividends, especially for high earners. It is just too simple of a solution for Congress to embrace?

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  3. is a disaster. SR37 already needs to be built to interstate standards between 465 and SR144. Southport Road is a mess each morning and evening.

  4. Bass Pro Shops would be good for the mall as well as a Giant Eagle Market District or a Jungle Jim's International Market Place grocery store like the one near Cincinnati Ohio.A Disney quest indoor theme park would be good.An Academy outdoor store would be good too.Indoor Circus shows and magic shows would be good as well. A casino with sports bar would be good.A Disney theater inside that shows movies and Broadway shows would work.Nashville Tennessee concert shops with indoor neon lights would be good.How about a theater that shows travel shows and theme parks. A train store would be good.How about a giant toy store with high tech video games.

  5. This development is in addition to Allpoints Midwest 5, Aitrtek, a recent FedEx and more in Plainfield. Greenwood and Brownsburg also have similar projects.

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