News & Analysis

Anthem increases its hold on IndianaRestricted Content

March 24, 2008
J.K. Wall
Anthem Insurance Co. added nearly 75,000 commercial customers last year, pushing its total up more than 4 percent. Anthem, a subsidiary of Indianapolis-based WellPoint Inc., now claims a whopping 1.8 million commercial customers in the state. The trouble is, Anthem's dominance limits price competition, according to benefits brokers, making it hard for local HMOs such as M-Plan or even some national players to compete.
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Farm Fresh clients pay a premium to support local growers, organicsRestricted Content

March 24, 2008
Jennifer Whitson
Matt Ewer and his wife, Elizabeth Blessing, launched Farm Fresh Delivery LLC in July. With nearly 500 subscribers already, the organically- and locally-grown-groceries delivery business is blooming in a segment where many large, mass-market retailers failed during the dotcom bust.
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Struggling Noble Roman's takes over franchisee's 6 unitsRestricted Content

March 24, 2008
Cory Schouten
Noble Roman's Inc. has taken over the operation of six franchised restaurants in Indianapolis in a bid to prove its concept can be executed profitably. The move--which comes amid a chorus of discontent from franchisees and as the company explores the possibility of selling itself--could help the 1,000-restaurant chain avoid the embarrassment of store failures in its own back yard.
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Tax reform fallout worries biz interestsRestricted Content

March 24, 2008
Peter Schnitzler
Property tax reform is now Indiana law. Hoosier homeowners are thrilled. But many corporate leaders grumble the historic deal was brokered on the backs of business. Topping their concerns is the new 3-percent property tax cap for commercial and industrial properties, which they fear will slow business expansions and discourage companies from moving headquarters to the state.
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Rooney: healer or heretic in health insurance industry?Restricted Content

March 17, 2008
J.K. Wall
The "father of health savings accounts" isn't satisfied. At 80, J. Patrick Rooney is gearing up for another health care reform battle in Washington--five years after winning a colossal victory when Congress awarded health savings accounts tax-free status.
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NCAA, NBA forging youth hoops pactRestricted Content

March 17, 2008
Anthony Schoettle
Professional and collegiate basketball are on the brink of a landmark agreement that hoops insiders said will change the landscape of the sport in this country. Proponents say it would be good for basketball, but others say it's an attempt to further commercialize the sport.
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Texas investor wins over Steak n Shake shareholders, aims for chairmanship

March 17, 2008
Cory Schouten
Texas investor Sardar Biglari rode a wave of shareholder anger to a landslide victory in his quest for Steak n Shake Co. board seats. Now, the dissident 30-year-old investor who models his approach after Warren Buffett's is hoping to deliver on his promise to turn around the Indianapolis-based chain, with or without the chairmanship he covets.
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Knauf plans state's first 'gold-certified' buildingRestricted Content

March 17, 2008
Chris O'Malley
in an uncommon move among Indiana manufacturers typically more preoccupied with foreign competition and deteriorating margins, Knauf Insulation is rebuilding its research and development facility, destroyed in a fire last year, to make it 30 percent more energy-efficient than a conventional office building of its size.
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Proposals to loosen Indiana's wine distribution system failRestricted Content

March 17, 2008
Jonathan Hiskes
At IBJ press time, the General Assembly was set to close another session without significant change to the state's complex alcohol distribution system, ensuring another year of wrangling between wineries and wholesalers. A proposal to raise the direct shipping limit to 10,000 cases failed. So did a broader deregulation bill brought by a new Indiana wine drinker's group, VinSense.
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Creditor pursues troubled Premier's property

March 10, 2008
Cory Schouten
Wachovia Bank has begun foreclosure proceedings on one of Premier  Properties  USA Inc.’s most prized developments, a giant Ohio lifestyle center anchored by Target and J.C. Penney.
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Local restaurants add sites, consider taking on chainsRestricted Content

March 10, 2008
Jennifer Whitson
Several local eateries are going through a growth spurt, adding locations despite central Indiana diners' reputation for being addicted to national chains. Ironically enough, the expansions could be the first step in transforming the local restaurants into chains themselves.
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College Summit's goal is more skilled workersRestricted Content

March 10, 2008
Tracy Donhardt
Business leaders and educators agree on what's needed to improve Indiana's economic health and enhance its place in the global economy: a larger pool of skilled workers. Toward that end, a group of notfor-profits is expanding a program to get more low-income Indianapolis students to further their education after high school.
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Museum of Art fashion show to highlight local designersRestricted Content

March 10, 2008
Gabrielle Poshadlo
It's not easy to make a living in high fashion, especially in a city where the "garment district" extends only to the nearest Hancock or Jo Ann Fabrics. Still, Indianapolis has a little something up its sleeve--more than a dozen designers who are prepping their collections for "Project IMA," a fashion show modeled after Bravo's reality hit "Project Runway."
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Oprah's beau advises struggling Pacers on image managementRestricted Content

March 10, 2008
Anthony Schoettle
Best-selling author Stedman Graham says professional athletes should think of themselves as "a corporation unto themselves." Graham--perhaps best known as television star Oprah Winfrey's boyfriend--brought that message to the Indiana Pacers during a three-hour private seminar in late January designed to get the players to rethink the importance of their individual images.
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IU follows Purdue lead, overhauls business-development strategyRestricted Content

March 10, 2008
Peter Schnitzler
Indiana University President Michael McRobbie calls it "Innovate Indiana." His ambition is to corral all of IU's strengths under one new branded initiative to boost the Hoosier economy. Purdue University already has leveraged a similar strategy, promoted with "Go BusinessMakers!" billboards, to national acclaim.
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Creditor pursues Premier propertyRestricted Content

March 10, 2008
Cory Schouten
Wachovia Bank has begun foreclosure proceedings on one of Premier Properties USA Inc.'s most prized developments, a giant Ohio lifestyle center anchored by Target and J.C. Penney. The Charlotte, N.C.-based bank also is foreclosing on a vacant former Wal-Mart store in front of Premier's Metropolis mall in Plainfield.
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Centaur tempted to buy Aztar casinoRestricted Content

March 3, 2008
Peter Schnitzler
Indiana riverboat casinos don't go up for sale every day. So when one becomes available, it's bound to spark interest. Hence, the dilemma facing Centaur Inc., the Indianapolis-based casino developer.
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Many of state's new jobs are at call centersRestricted Content

March 3, 2008
Cory Schouten
The state's economic development leaders have been touting 2007 as a banner year that brought commitments for more than 22,000 new jobs, including positions in manufacturing, logistics and life sciences. But almost 20 percent of the announced jobs would be in call centers--jobs that typically pay near or below the state's $35,000 average annual wage.
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Browning eyes airport landRestricted Content

March 3, 2008
Chris O'Malley
Browning Investments is contemplating developing a business park just north of Indianapolis International Airport in what would be the largest development to date in the so-called Minnesota Street corridor.
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Rug dealers' going-out-of-business sales aren't always what they seemRestricted Content

March 3, 2008
Tracy Donhardt
Phony going-out-of-business sales long have plagued Oriental rug retailing here and across the country, dealers say. The industry is susceptible because Oriental rugs can cost thousands of dollars, and many consumers lack the expertise to judge whether a rug's quality matches its price.
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Open-wheel reunion creating more business opportunitiesRestricted Content

March 3, 2008
Anthony Schoettle
In the end, the catastrophic sponsorship shift from open-wheel racing to NASCAR became too much to ignore, driving the long-divided sides of Champ Car and the Indy Racing League back into a unified series.
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College endowments growing, but so is tuitionRestricted Content

March 3, 2008
Tracy Donhardt
Endowments at Indiana colleges and universities are soaring, due in part to impressive investment returns in recent years. The swelling coffers here and across the nation are stoking the debate over whether universities should be using more of their wealth to hold down tuition increases.
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Sampson scandal may repel IU donorsRestricted Content

February 25, 2008
Anthony Schoettle
Based on 50 conversations IU Foundation President Curt Simic had with donors the week after news broke of the potential firing of men's basketball coach Kelvin Sampson over alleged NCAA improprieties, the chief of Indiana University's philanthropic arm says he has little fear the latest athletic department controversy will affect financial support to the school.
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Against odds, AlGalCo pursues 'Holy Grail' of power cellsRestricted Content

February 25, 2008
Sam Stall
A small West Lafayette technology startup has quietly unveiled a product that might, just might, change the world. At the TechAdvantage Conference and Expo in Anaheim, Calif., on Feb. 20, Kurt Koehler, CEO, co-founder (and, for the moment, sole employee) of AlGalCo LLC, showed off a pre-production hydrogen-powered emergency generator.
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Streetcars work in Portland, but viability here uncertainRestricted Content

February 25, 2008
Chris O'Malley
If the introduction of modern streetcars to one West Coast city can be replicated here, Indianapolis would see new, higher-density housing and related retail and restaurants shadowing the line. Fallow areas crossed by the tracks would become fertile for new investment. At least that was the case in Portland, Ore., a city mesmerizing to Indianapolis civic leaders, who last month formed Downtown Indianapolis Streetcar Corp. They risk being run out of town on a rail: a streetcar line will cost...
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  1. I am so impressed that the smoking ban FAILED in Kokomo! I might just move to your Awesome city!

  2. way to much breweries being built in indianapolis. its going to be saturated market, if not already. when is enough, enough??

  3. This house is a reminder of Hamilton County history. Its position near the interstate is significant to remember what Hamilton County was before the SUPERBROKERs, Navients, commercial parks, sprawling vinyl villages, and acres of concrete retail showed up. What's truly Wasteful is not reusing a structure that could still be useful. History isn't confined to parks and books.

  4. To compare Connor Prairie or the Zoo to a random old house is a big ridiculous. If it were any where near the level of significance there wouldn't be a major funding gap. Put a big billboard on I-69 funded by the tourism board for people to come visit this old house, and I doubt there would be any takers, since other than age there is no significance whatsoever. Clearly the tax payers of Fishers don't have a significant interest in this project, so PLEASE DON'T USE OUR VALUABLE MONEY. Government money is finite and needs to be utilized for the most efficient and productive purposes. This is far from that.

  5. I only tried it 2x and didn't think much of it both times. With the new apts plus a couple other of new developments on Guilford, I am surprised it didn't get more business. Plus you have a couple of subdivisions across the street from it. I hope Upland can keep it going. Good beer and food plus a neat environment and outdoor seating.

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