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News & Analysis
State arts commission budget down 20 percent
July 13, 2009
Kathleen McLaughlinA 20-percent budget reduction for the Indiana Arts Commission will affect as many as 400 grant-dependent organizations
across the state. The agency’s overall budget will shrink from $4 million in 2009 to $3.2 million for the
next two fiscal years.
MoreNot-for-profits capitalize on Obama's call to service
July 13, 2009
Kathleen McLaughlinPresident Obama is talking up volunteerism, and some not-for-profits are hustling to make sure they reap the benefits of
the high-profile pitch. The Nature Conservancy and Indianapolis-based Kiwanis International were among the first
organizations to announce their support of Obama’s summer service initiative, United We Serve, which kicked off June
22 and runs through Sept. 11.
MoreCity considering new parking meter plan
July 13, 2009
Cory SchoutenCity officials are considering several proposals designed to wrestle more revenue out of
the city’s roughly 4,000 parking meters, including
the possibility of a long-term lease to a private firm, a move that netted Chicago more than $1 billion
last year.
MoreHilbert in-law's life insurance dispute takes odd turn
July 13, 2009
Peter SchnitzlerLocal businessman J.B. Carlson contends the $15 million life insurance policy he took out on Stephen Hilbert’s mother-in-law
was legitimate, because she served on his firm’s board and was a key decision-maker. The mother-in-law, Germaine
“Suzy” Tomlinson, died at age 74 last September—just 32 months after the policy was issued.
MoreKite Realty misses out on REIT revival
July 13, 2009
Cory SchoutenKite Realty Group Trust has stuck pretty closely to the REIT recession playbook: Renegotiate debt, sell new shares, cut
dividends, and set the development engine to idle. But as the shares of most publicly traded real estate
investment trusts have bounced back from the lows in March, Kite’s shares have lagged.
MoreConrad Indianapolis adding wine bar, sidewalk dining
July 13, 2009
Cory SchoutenPlans are in the works for a wine bar called Tastings that would take the first-floor corner space at the Conrad Indianapolis.
The $1 million project would add an entrance to the luxury hotel at the northeast corner of Washington
and Illinois streets and include a total of 80 outdoor seats along both streets, in the shadow of the
Artsgarden.
MoreGreater Indianapolis YMCA has $30M in projects planned
July 13, 2009
Kathleen McLaughlinIt takes a map of the entire metro area to show all the projects the YMCA of Greater Indianapolis has on its drawing board.
The $30 million plan calls for building two brand-new facilities, one in Avon and one in Pike Township; expanding
the Fishers YMCA; and building a new outdoor pool in Lawrence.
MoreConstruction jobs trickling in from road stimulus
July 13, 2009
Chris O'MalleyFederal stimulus money for Indiana highway projects so far has put to work 1,222 people with a payroll of $1.27 million,
according to state records of 42 projects under way in which contractors have reported job data. The work, ranging
from paving to replacing bridge decks, had a total contract value of $39.2 million.
MoreBrightpoint shareholder selling shares
July 13, 2009
Scott OlsonBrightpoint Inc. said this morning shareholder NC Telecom Holding A/S would sell 15 million common shares in a public offering.
MoreBREAKING: FDA approves Lilly blood-thinner prasugrel
July 10, 2009
J.K. WallEli Lilly and Co. finally won approval today from U.S. regulators to sell prasugrel, its highly anticipated blood thinner,
according to Bloomberg News.
MoreDebt maneuvers help Emmis turn quarterly profit
July 10, 2009
IBJ StaffEmmis Communications Corp. reported a quarterly profit today after buying back a big chunk of its own debt on the cheap, but
the outlook for the company remains grim. The radio broadcaster and magazine publisher saw revenue plunge 27 percent.
MoreFlorida system considering Ivy Tech president for leadership post
July 10, 2009
Scott OlsonIvy Tech Community College President Tom Snyder is one of 13 candidates being considered for the position of chancellor of
the State University System of Florida.
MoreMetro-area home sales dip in June
July 9, 2009
IBJ StaffHome-sale agreements in the nine-county Indianapolis area dipped 1.4 percent in June compared to the same month a year
ago, according to a report released today by F.C. Tucker Co.
MoreNatural-gas car proposal could boost Greensburg Honda plant
July 9, 2009
IBJ Staff and Associated PressHoping to spur alternative vehicles, lawmakers want to double the size of tax breaks on cars that run on natural gas. That
could be good news for Indiana, where Honda Motor Corp. produces the natural-gas-powered Civic GX in Greensburg.
MoreFifth Third taps new president of central Indiana operations
July 9, 2009
Scott OlsonCincinnati-based Fifth Third Bank yesterday named Nancy Huber president and CEO of its central Indiana operations in Indianapolis.
MoreNoblesville man sentenced for mortgage fraud
July 9, 2009
IBJ StaffA Noblesville man was sentenced to one year of home detention yesterday after pleading guilty to mortgage fraud in federal
court. Marvin G. Hampton also was ordered to pay $262,424.76 in restitution to three lending institutions.
MoreIndianapolis benefits firms merge
July 8, 2009
J.K. WallTwo Indianapolis benefits consulting firms have finalized their merger, the companies announced this morning. Terms of the
deal between Benefit Associates Inc. and Benefit Consultants Inc., in the works since March, were not disclosed.
MoreSteak n Shake sales, traffic rise
July 8, 2009
IBJ StaffSteak n Shake Co. yesterday reported big increases in customer traffic and same-store sales for its fiscal third quarter,
which ended July 1. Customer traffic rose 13.4 percent and same-store sales jumped 5 percent in the quarter compared to the
same period a year ago, it said in a brief Securities and Exchange filing.
MoreHHGregg accelerates store-opening plans
July 8, 2009
Scott OlsonHHGregg Inc. said this morning that the bankruptcy of competitor Circuit City should enable the company to open more stores
within the next few years than previously expected.
MoreKeystone Construction plans Madison Avenue retail center
July 7, 2009
Cory SchoutenA local developer is planning a retail strip center along Madison Avenue just south of downtown in a neighborhood that's been
begging for investment for years. The plans by Keystone Construction Corp. call for a 25,000-square-foot retail
center at 1400 Madison Ave., across from Sisters' Place Restaurant.
MoreState, city agencies get new round of federal arts funding
July 7, 2009
Kathleen McLaughlinIndiana and Indianapolis arts agencies will receive more than a half-million dollars in federal stimulus money to help save
jobs at local organizations, the National Endowment for the Arts announced today. A second round of American Recovery and
Reinvestment Act funding includes $250,000 for the Arts Council of Indianapolis.
MoreLocal radio exec Severino dies
July 6, 2009
Anthony SchoettleRadio executive Tom Severino, who managed four local stations for Indianapolis-based Emmis Communications Corp., died yesterday
after a five-month battle with cancer. Severino, 57, was vice president and general manager of WIBC-FM 93.1, WLHK-FM 97.1,
WFNI-AM 1070 and WYXB-FM 105.7.
MoreTony George's successor might trade tradition for revenue
July 6, 2009
Anthony SchoettleA management shake-up at the Indianapolis Motor Speedway has some in the motorsports industry thinking major changes could
be on the horizon at the fabled race venue—maybe as soon as next year.
MoreEconomy takes toll on golf spending, but Senior Open on course for profits
July 6, 2009
Anthony SchoettleOrganizers of the 2009 U.S. Senior Open at Crooked Stick are sinking one birdie putt after another in their efforts to meet
their budget and draw strong crowds to central Indiana later this month. In this economy, sports marketers are calling ticket
and sponsorship sales for the tournament remarkable.
MoreFranklin College sues like-named competitor over marketing push
July 6, 2009
J.K. WallFranklin College filed a lawsuit today alleging trademark infringement against Ohio-based Franklin
University, which will open a campus in Castleton this fall. The liberal arts college south of Indianapolis
said the newcomer's marketing blitz has been too close to Franklin College’s own branding.
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Irvington is up and coming much like Fountain Square. We would love to have something like this in our neighborhood!
Why do we care who has submitted proposals if we can't review the proposals? It's publicly owned land, but the public has zero say in what gets chosen to be built there. Yep, that sounds about right.
Perhaps May 21 is "Evangelical Day" over at the IBJ?
I don't know what's more depressing: that this passes for a defensible elective in a publicly funded SCIENCE class, or that more than half of the posters here are defending this charlatan. Intelligent design is creationism. Creationism is religion. Yes, we have freedom of religion, which deserves to be protected. Now someone kindly show Professor Hedin his freedom by escorting him over to the Religion department at BSU. Carry on.
I hope people realize that the 'vocal' opposition at the meeting represent the minority of people against this project. As with any controversial project - those who don't want it are the loudest, while those who like it or really don't care one way or the other don't come to such meetings. Unfortunately the same may be true of the survey now being offered by the BRVA. I live less than a 5 minute walk from BR Avenue and can tell you that I and most of my neighbors are support this exciting project, or are ambivalent. And how great that it includes quality apartments - something that BR sorely lacks. This is a first class opportunity that we should embrace (and no, I'm not with the BRVA or the developer.) As for the fellow who owns the Good Earth store, if he doesn't want competition then let him pull together his own investors and out bid Whole Foods to operate the proposed grocery component! Come on folks - let's move ahead.