News & Analysis

IPL's $631M power plant to start construction in 2014

May 1, 2013
Mason King
Plans for the plant, officially announced Wednesday, call for an environmentally friendly facility outside of Martinsville that could produce 650 megawatts of power. Construction could employ 660 workers.
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Attorneys rev engines on racing circuits for relaxation

May 1, 2013
Marilyn Odendahl
Lawyers are traditionally known as hard-chargers, but these Indianapolis attorneys spend their weekends jockeying for position as pro- and semipro-level auto racers.
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More franchisees join revolt over Steak n Shake menu pricing

May 1, 2013
Scott Olson
Three franchise owners filed suit last month against Steak n Shake, including two on the same day, challenging the company's policy that they say prohibits them from setting their own menu prices.
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Ag experts advising patience for Indiana corn farmers

May 1, 2013
Associated Press
As of Sunday, farmers in Indiana had planted just 1 percent of the corn crop, compared with the five-year average of 30 percent by the end of April, according to the U.S. Department of Agriculture.
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Indiana ISTEP testing to resume, but at half the test load

April 30, 2013
Associated Press
Required standardized tests for Indiana students will resume Wednesday after two days of computer glitches, but state officials asked schools to cut their normal test loads by half to avoid more problems.
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Medicaid expansion in Pence's hands after session

April 30, 2013
Associated Press
The question of whether Indiana will expand Medicaid is now back in Gov. Mike Pence's hands, after lawmakers wrapped up their session without mandating he expand coverage under the federal health care law or suggesting the route he should take.
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Developers suspend most Rockport gas plant work

April 30, 2013
Associated Press
Indiana Gasification project manager Mark Lubbers told the Evansville Courier & Press that neither the General Assembly nor Gov. Mike Pence support the project.
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Rolls-Royce to produce engines for new reconnaissance copter

April 30, 2013
Mason King
Indianapolis manufacturing operations will provide cutting-edge engines for the latest generation of helicopter drones to be used by the U.S. Navy.
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Schools face ISTEP+ problems for 2nd straight day

April 30, 2013
 IBJ Staff and Associated Press
School districts trying to administer Indiana's required standardized test encountered new problems Tuesday that forced the state to suspend testing for a second straight day. The problems brought a hailstorm of complaints.
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Fate of new Indiana school standards unclear

April 30, 2013
Associated Press
A legislative plan that would "pause" Indiana's adoption of a national set of reading and math education standards has the backing of Republican Gov. Mike Pence, although many questions surround what that step would mean for the state's classrooms.
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Governor signs bill limiting specialty license plates

April 30, 2013
Associated Press
A plan overhauling Indiana's specialty auto license plate system and requiring all groups with plates to sell 500 a year has been signed into law.
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Grifter gets 19 months for fraud that hit Indy firms

April 30, 2013
J.K. Wall
Despite her dramatic pleas to a federal judge on Tuesday, Dina Wein Reis, who defrauded corporations out of millions of dollars, will go to prison.
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Glitches halt online ISTEP testing for Indiana schools

April 30, 2013
Associated Press
School districts across the state suspended the first day of ISTEP+ online testing Monday because of computer issues. IPS is reporting more problems Tuesday.
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Developers finish first project, shift focus to downtown deal

April 30, 2013
Scott Olson
Drew Loftus and Kyle Robinson are wrapping up their first project, in Broad Ripple, and have bought another building, this one downtown. A well-known architectural and design firm is slated to be the building's tenant.
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'Naptown' rock-radio documentary vying for Emmy

April 30, 2013
Chris O'Malley
The locally produced film about the golden age of WIBC, WIFE and WNAP will never break even, according to its producer, but an Emmy win would be satisfaction enough.
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Republic shares fall despite rare first-period profit

April 30, 2013
Kathleen McLaughlin
Republic Airways Holdings Inc. reported a first-quarter profit for the first time in four years Monday, but the company's stock fell Tuesday morning after the performance missed analyst forecasts.
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International Paper to fold local plant, laying off 91

April 30, 2013
Mason King
The shutdown is the latest in a recent string of layoffs and closures by the global company in its Indiana operations.
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Cummins earnings widely miss predictions

April 30, 2013
 IBJ Staff
The Indiana-based engine maker announced a larger-than-expected drop in quarterly profit Tuesday morning, as revenue fell 12 percent on weak demand for its products in domestic and international markets.
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Mixed performance from Pence in first legislative session

April 29, 2013
Associated Press
Legislative leaders, who spent the last eight years of working with former Gov. Mitch Daniels, graded the new governor as off to a good start, but with plenty of room for improvement.
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Indiana State Teachers Association elects new leader

April 29, 2013
 IBJ Staff
Teresa Meredith, an elementary teacher from Shelbyville, has been elected president of the Indiana State Teachers Association, replacing long-time leader Nate Schnellenberger.
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Lawmakers pass Medicaid ball back to Pence

April 29, 2013
J.K. Wall
After a four-month debate, the Legislature ended pretty much where it started on a potential expansion of Medicaid: Lawmakers are letting Gov. Mike Pence go one-on-one with President Obama to see what kind of deal he can strike.
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Hostess to open bakery in Indianapolis

April 29, 2013
Associated Press
Hostess Brands LLC said Monday that it will open bakeries in Indiana and Illinois, following announcements last week that it will reopen bakeries in Georgia and Kansas in its effort to bring back some of its snack brands.
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Obamacare exchanges could zap WellPoint profits

April 29, 2013
J.K. Wall
According to one estimate, the Indianapolis-based health insurer will shed $400 million in pre-tax profits by 2017.
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Anderson loses 'Tree City' status after 21 years

April 29, 2013
Associated Press
Anderson's title, first granted in 1991, appears to have been lost due to issues with paperwork. The status is awarded by the Arbor Day Foundation and others to recognize cities with viable tree-management plans and programs.
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Residents decry Fortville's big annexation plans as land grab

April 29, 2013
Andrea Muirragui Davis
Property owners southeast of Geist Reservoir are vowing to fight involuntary annexation of a 9-square-mile area by the town of Fortville, which would add $53.5 million to its property tax base.
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  1. In my opinion the estridge companies are crooks. They filed bankruptcy on their 'track housing' side of the business two weeks before they closed on one of my clients' homes. When my client first interviewed Estridge as a builder 6 months before, they specifically ASKED about the solvency of their business, knowing that some builders were struggling. Estridge truly misrepresented their financial situation at that time. I suppose I am more unhappy with the whole system than I am with the builder because what the heck==you can file bankruptcy on 'track homes' but still keep building and make money off of 'custom built' homes??? How ridiculous! They are all homes. How can a company be allowed to bilk thousands of dollars from their subcontractors but still be allowed to build houses?? they should have been made to pay back all their unpaid contractors before being allowed to profit from building any more houses! This alone makes them and the system crooks in my eyes. I would never build an estridge home and I would not recommend for my clients either. If they were truly 'bankrupt' how could they afford to keep building homes anyway??? The whole system needs fixed.

  2. I live a couple blocks east of the Angie's campus and my house is assessed for ~$160,000. If I could get that amount, let alone $384,000 (a 140% bonus), I'd sell in a minute. Either Angie's stockholders just got fleeced, or Angie's is getting about a 58% discount on their property taxes, if these properties are actually worth what they paid Mr. Oesterle for them. Which do you think is the case?

  3. Perhaps the IMA board is really to blame! They agreed to hire Charles. They can't seemingly find donors among themselves, or bring in new blood that will support the museums operating budget with an expanded museum and money to provide curators with something to do (ie buy art). The headlines of disarray at the museum and mass firings are hurting the reputation of the museum for some time to come. If people on the board had misgivings, perhaps they shpuld have more forcefully opposed efforts that they have seemingly been unable to fund, like expansion and the costs it has created!

  4. See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.

  5. I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.

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