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News & Analysis
Wishard hopes to overcome taxpayer skepticism in referendum
November 2, 2009
J.K. WallTuesday's vote will determine if Marion County Health & Hospital Corp. can sell up to $703 million in taxpayer-backed bonds
to replace the county-owned hospital.
MoreIndiana students excel in some types of math
October 31, 2009
Scott OlsonIndiana schools are making huge strides in teaching students math required for careers in science, engineering and information
technology jobs. But education experts point to stagnant test scores on national math exams as confirmation that many students
still are not excelling, or are not even proficient, in the subject.
MoreHealth insurer Anthem's market share swells
October 31, 2009
J.K. WallIndianapolis-based WellPoint Inc.'s Anthem Blue Cross and Blue Shield subsidiary claimed 42.5 percent of central Indiana residents
covered by private health insurance
this year, up from 35-percent last year, according to a market research firm.
MoreEconomic turmoil hasn't shaken up local banks' market shares
October 31, 2009
Peter SchnitzlerOne of the toughest runs for the finance industry since the Great Depression didn’t lead to a major shakeup in Indianapolis’
banking landscape. Substitute PNC’s brand for National City’s, and the top eight positions remain unchanged.
MoreGreenwood seeks $75M in stimulus funds to speed road plans, lure interchange
October 31, 2009
Kathleen McLaughlinThe Johnson County community hopes an economic stimulus grant for transportation will hasten its plans to build an east-west
thoroughfare and set the stage for a new Interstate 65 interchange.
MoreAnderson gas-station chain sues BP after 32-store deal sours
October 31, 2009
Peter SchnitzlerRicker Oil's Oct. 22 suit claims British petroleum giant BP is charging unjustified royalty fees while delivering no boost
from its national advertising, its proprietary IT system or its bulk purchase pricing.
MoreGovernor still mulling creation of new Indiana 'heritage' agency
October 31, 2009
Kathleen McLaughlinThe idea of merging the State Library, Indiana State Museum and several other history-related entities into one new agency
is still
on the table, a state representative said.
MoreStudy recommends upgrades for public transportation in counties surrounding Indianapolis
October 31, 2009
Chris O'MalleyIndyGo, for all its faults, is the Cadillac of transit systems in the Indianapolis region. Service breaks at county lines
and the absence of passenger shelters are among the deficiencies facing transit systems in surrounding counties.
MoreTechPoint to focus on IT firms specializing in medical, life sciences sectors
October 31, 2009
Chris O'MalleyLong tracking the emergence of information technology firms involved in the health and life sciences sector, the state’s
IT trade group, TechPoint, is undergoing a mitosis of sorts to help fuel the trend. It has created Advancing
Life Science & Health Care Information Technology, or ALHIT, which will focus on growing this subset of the IT realm.
MoreRCI to become Wyndham Exchange; says Carmel jobs are safe
October 31, 2009
Anthony SchoettleDespite a swooning economy that has hammered the time-share condominium industry over the last 18 months, Resort Condominiums
International continues to outperform its market. That’s not to say there hasn’t been some pain at
the company formerly headquartered in Carmel.
MoreState's college graduation rates bedevil education experts
October 31, 2009
J.K. WallJust over half of students at state-supported, four-year institutions in Indiana graduate within six years—a tremendous
waste of resources by both students and taxpayers. The number of citizens with bachelor’s degrees is one of the surest
indicators of economic success in a 21st century economy driven less by workers’ hands
and more by their heads.
MoreClarian restarts construction on hospital in Fishers
October 30, 2009
J.K. WallClarian Health has resumed construction on its Saxony Medical Center in Fishers after an 8-month hiatus, the Indianapolis-based
hospital system announced Friday.
MoreDowntown upscale eateries cancel their lunch plans
October 30, 2009
Mason KingWhile fast food remains a favorite for value-minded patrons, several higher-end restaurants in the Mile Square and its nearby
environs have decided in the last year to pull the tablecloth out from under their lunch service.
MoreDeveloper buying Fountain Square building; museum lined up as tenant
October 30, 2009
Kathleen McLaughlinArchitect and developer Craig Von Deylen hopes to close by next week on the purchase of the Murphy Arts Center in Fountain
Square and is in the process of signing new tenants, including the Indianapolis Museum of Contemporary Art.
MoreState rejects high bid for 19-acre parcel near downtown
October 30, 2009
Cory SchoutenThe Indiana Finance Authority declined to sell a 19-acre development parcel between the White River and Fall Creek near downtown
Indianapolis after it received only two bids at an auction Thursday.
MoreCummins reports plunge in profit, revenue
October 30, 2009
IBJ StaffCummins Inc. said profit for its fiscal third quarter fell 59 percent and sales dropped by 31 percent compared to the same
period last year, though the company said its profitability and cash position improved from the second quarter.
MoreSimon reports slight improvement in quarterly results
October 30, 2009
Cory SchoutenSimon Property Group Inc. reported slightly higher funds from operation for its fiscal third quarter, but FFO fell on a per-share
basis thanks to the company's issuance of more than 50 million new shares so far this year.
MoreNCAA approves $35M addition to Indianapolis headquarters
October 29, 2009
IBJ Staff and Associated PressThe NCAA executive committee on Thursday approved a $35 million addition to the governing body's headquarters in White River
State Park in Indianapolis.
MoreLilly opens new biotech center in San Diego
October 29, 2009
J.K. WallLilly is opening the San Diego biotech center a year after launching a biotech R&D center in Indianapolis.
MoreHoosier Park owner misses $13.4M loan payment
October 29, 2009
Peter SchnitzlerIndianapolis-based Centaur LLC, owner of Anderson's Hoosier Park horse track and casino, missed a $13.4 million interest payment
due Tuesday on its more than $400 million in outstanding debt, putting the company in default with its lenders.
MoreDuke Realty reports massive third-quarter loss
October 29, 2009
Cory SchoutenBig write-downs on raw land and projects under development led to a wide third-quarter loss for Duke Realty Corp.
MoreQuarterly profit, revenue soar at Baldwin & Lyons
October 29, 2009
IBJ StaffBaldwin & Lyons Inc. on Thursday morning reported a record third-quarter profit, thanks to big investment gains and an increase
in premiums.
MoreCeladon profit, revenue slides; shares to be listed on NYSE
October 28, 2009
IBJ StaffIndianapolis-based trucking company Celadon Group Inc. on Wednesday reported lower revenue and profit during its most recent
fiscal quarter, and also announced plans to list its shares on the New York Stock Exchange instead of the NASDAQ starting
Nov. 10.
MoreGM to draw government funds for Delphi costs, source says
October 28, 2009
Associated PressGeneral Motors Co. will announce later this week that it will draw from its government funding to pay the cost of buying a
chunk of troubled parts supplier Delphi Corp., a person briefed on the company's finances said Wednesday.
MoreGrill maker to locate HQ in Indiana, hire 300
October 28, 2009
IBJ StaffWaterloo, Ontario-based Onward Manufacturing Co. Ltd. announced Wednesday afternoon that it would locate its first U.S. grill
production center in northeast Indiana, creating more than 300 jobs in Huntington by 2011.
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these guys only skill was to steal from other's hard earned savings.
I voted for him last time and it WAS the LAST time. He needed to to quit running around the world on useless trips, and giving our $$ away to sports teams. I'll vote for anyone but Ballard next time. BTW...we gave $40M to the Pacers and cannot even watch the games on TV.
For the people concerned about traffic, you should know that mixed-use projects (like the one being proposed), actually allows for and encourages more people to walk and bike, thereby mitigating additional automobile traffic. If we continue to design and build suburban-type projects in the City (i.e. automobile-oriented projects), we are not offering anything different from what the suburbs offer, which means we will continue to lose jobs/people to the suburbs. The reason Broad Ripple is somewhat successful today is that people want to live in a place that offers the convenience of being able to walk/bike to restaurants, retail, nightlife, the Monon, etc. Why would you not want to support a project that is complimentary to what already makes the area desirable? The real argument with this project should be its lack-luster design and layout, not the density.
It is unfortunate that there is a perception that celebrities validate an event. The Indy 500 stands on its own, especially for those coming in from out of town. It was always so disturbing to read the gushing descriptions of Ashley Judd threaded throughout the local coverage. Very happy that era is at an end.
Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.