News brief

Indiana adopts right to work

December 28, 2012
 IBJ Staff
Indiana in February became the first state in a decade to pass such a law, and it was all the more significant because of the state’s heavy concentration of manufacturing jobs and sizable union presence.
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WellPoint investors force Braly ouster

December 28, 2012
 IBJ Staff
Braly’s five-year tenure leading the Indianapolis-based health insurer was hurt by the recession but also by repeated missteps.
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In election shocker, voters bounce schools chief Bennett

December 28, 2012
 IBJ Staff
After becoming a celebrity in national education reform for spearheading sweeping changes in Indiana’s schools, Tony Bennett was bounced out of office by strong opposition from teachers, parents and their friends.
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City projects move ahead, following clash over TIF

December 28, 2012
 IBJ Staff
Mayor Greg Ballard charged forward on government-supported downtown development efforts after successfully shepherding an expansion of a TIF district over Democratic opposition.
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Digital marketer ExactTarget splashed onto NYSE

December 28, 2012
After an aborted attempt to go public in 2007, marketing software giant ExactTarget rang the bell on the New York Stock Exchange last March in an IPO that raised $162 million.
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Daniels wins presidency ... at Purdue

December 28, 2012
 IBJ Staff
About a year after deciding not to campaign for president of the United States, Gov. Mitch Daniels agreed to become the next president of Purdue University.
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Indy airport sends CEO Clark packing

December 28, 2012
 IBJ Staff
Mayor Greg Ballard apparently was unhappy with the pace of economic development at the airport under Clark. The CEO's extensive overseas travels also generated controversy.
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Bernard bounced as IndyCar Series CEO

December 28, 2012
 IBJ Staff
The ouster of Randy Bernard as IndyCar CEO led to new leadership for Hulman & Co., parent of the series and the Indianapolis Motor Speedway.
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ISO reaches new contract, launches fundraising spree

December 28, 2012
 IBJ Staff
Negotiations over musicians’ contracts hit a crescendo in September with a month-long lockout that ended when performers agreed to a shorter schedule to save money at the cash-strapped Indianapolis Symphony Orchestra.
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Developers unleash blitz of apartment projects

December 28, 2012
 IBJ Staff
Construction began or was to begin soon on dozens of projects with thousands of units, most quite upscale and aimed at one of two growing segments of the population who increasingly see no stigma in renting: aging boomers and young families.
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Judge lays into Durham, sentences him to 50 years

December 28, 2012
 IBJ Staff
Tim Durham, the Indianapolis businessman who used to dream of becoming the world’s richest man, ended 2012 broke and facing a 50-year prison sentence for orchestrating a $250 million Ponzi scheme.
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City successfully stages Super Bowl, shoots for another

December 28, 2012
 IBJ Staff
More than 1.1 million people poured into downtown Indianapolis for Super Bowl festivities in the 10 days leading up to the big game, held Feb. 5 at Lucas Oil Stadium.
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Hoosier voters tap Pence to continue Daniels' legacy

December 28, 2012
 IBJ Staff
Pence, who served in the U.S. House of Representatives since 2001, left his strident rhetoric on abortion and other social causes in Washington, D.C., as he toured Indiana in a red pickup truck and talked about his policy “Roadmap.”
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Other news: From Allison's IPO to Lugar's defeat

December 28, 2012
 IBJ Staff
Politics and real estate helped round out 2012's news of note.
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2012 NEWSMAKER: School librarian Ritz won with grass-roots campaign

December 28, 2012
 IBJ Staff
Democrat Glenda Ritz pulled off a David-versus-Goliath victory to unseat Republican Tony Bennett as Indiana’s superintendent of public instruction.
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2012 NEWSMAKER: Crime stance returns Hogsett to political spotlight

December 28, 2012
 IBJ Staff
U.S. Attorney Joseph Hogsett’s openly tough-on-crime approach has some political insiders speculating whether he’s seeking a higher office.
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2012 NEWSMAKER: Council Dem Mahern plays role of antagonist

December 28, 2012
 IBJ Staff
City-County Council Vice President Brian Mahern emerged as the chief foe of Indianapolis Mayor Greg Ballard’s redevelopment agenda.
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2012 NEWSMAKER: CEO keeps Simon stock surging

December 28, 2012
 IBJ Staff
If there were an MVP for local CEOs, David Simon would again find himself at or near the top of the list in 2012.
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2012 NEWSMAKER: Miles adds to diverse business, sports career

December 28, 2012
 IBJ Staff
Veteran executive Mark Miles now has one of the most difficult jobs in sports—putting open-wheel racing on sound financial footing.
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Holiday Wish List

December 22, 2012
The following is a list of Indianapolis-area not-for-profit organizations and the things each needs most.
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Holiday Wish List

December 15, 2012
The following is a list of Indianapolis-area not-for-profit organizations and the things each needs most.
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IBJ Holiday Wish List returns

November 10, 2012
Indianapolis Business Journal’s annual Holiday Wish List will debut in the Nov. 26 issue and will appear weekly though Dec. 24.
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State's economy still stuck in neutral

December 24, 2011
The year started with a sense that slowly—not fast enough for anyone’s liking—but steadily, Indiana’s economy was coming back. But then a spike in gas prices and the never-ending sovereign debt crisis in Europe created a summer of setbacks.
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Indictment: Durham looted Fair Finance

December 24, 2011
Indianapolis financier Tim Durham was indicted on wire and securities fraud charges in March—the culmination of a federal probe that began in 2009.
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Political neophyte Ballard cruises to second term

December 24, 2011
A contentious battle for Indianapolis mayor culminated in a second term for Republican Mayor Greg Ballard, who won the race with 51 percent of the vote. His Democratic challenger, Melina Kennedy, garnered 47 percent.
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  1. Doug Henning!

  2. These guy were thugs — they grew up in freaking Haughville! Smh, sigh. If the mayor needs/wants "quality" Black Hoosiers who are NOT corrupt, give me a call — I know plenty. Land bank info here - http://www.kubepharm.com/indylandbank/IndyLandBank.html

  3. Magician and illusionist!

  4. The basic idea of nice apartments with parking and retail is a good one, but this design seems overwhelmingly big/tall for Broad Ripple. The size could be disguised a bit with lots of big trees/landscaping, but the complex is too massive to blend in easily. That section of canal between College and Westfield will also need to be upgraded on both sides. Nice apartments facing onto a nice promenade with shade trees/plantings could bring together the canal towpath/Monon recreation, the outdoor seating at existing restaurants, and this project into something that upgrades the whole area. A plan for the whole stretch makes more sense than facing nice new housing onto what looks like a ditch. Is there a plan? Does the public have input? Who pays? The apartment idea seems to be reasonable, but Whole Foods is not a good idea for appropriate retail. Besides the store being physically too big, there are already Fresh Market at 54xCollege and Whole Foods in Nora for fancy groceries. Good Earth and Kroger are within walking distance of the Shell site. There are at least 7 grocery stores within a safe bike ride. Whole Foods would add nothing but traffic congestion. This design is on the right track, but there needs to be more work done to ensure that it blends in with and enhances the existing community. A project that large will set a tone for that whole part of town. It could be a real asset, but only if done right.

  5. I did not move to Zionsville to live in Carmel. This and the subsequent developments to follow will ensure a vanilla uniformity of strip malls and apartment buildings as we seek to bring our town down to the least common denominator. We were warned before recent elections that pro-development council members would make sure their friends (landowners and developers) would be able to make their millions off of the exploitation of Zionsville. Why in God's name would we sell out the best preserved small town in the State of Indiana?

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