News & Analysis

SynCare withdraws abatement request

June 2, 2010
 IBJ Staff
Locally based SynCare LLC has withdrawn a request for a property tax abatement tied to the creation of 114 jobs. SynCare owner Stephanie DeKemper said she pulled the request to ensure the employment projections are accurate.
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Report: Colts moving camp to Anderson

June 2, 2010
Anderson University is expected to announce Thursday that the Indianapolis Colts will move the team's training camp from Terre Haute to the Madison County campus, the Herald-Bulletin is reporting on its website.
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Hoosiers begin agriculture trade mission to China

June 2, 2010
Joe Jasinski
A 26-member delegation of Hoosiers, including Lt. Gov. Becky Skillman, arrived Wednesday in Hangzhou, Indiana’s Chinese sister state since 1987, for an agriculture-focused economic development trade mission.
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Construction supplies firm plans mixed-use HQ downtown

June 2, 2010
Cory Schouten
Affordable Building Supplies LLC, which was displaced by the construction of Lucas Oil Stadium, hopes to move its headquarters closer to downtown in a new mixed-use building on South Meridian Street.
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Shoe Carnival profit beats estimates

June 2, 2010
Evansville-based retailer earned $9.2 million in its fiscal first quarter, on strong sales of athletic and toning footwear.
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Expert: Reform can improve communities

June 2, 2010
J.K. Wall

The much-maligned health care bill provides a huge opportunity for local communities to improve the health of their citizens and for local health care providers to win bonus payments from federal health insurance programs. That's the message Len Nichols, a Beltway veteran and health policy expert, will bring to attendees at the All Healthcare is Local conference today.

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St. Vincent closes in on new hospital deal

June 2, 2010
J.K. Wall

A deal in which St. Vincent Health would buy or lease Bedford’s Dunn Memorial Hospital is in the final stages, according to the Times-Mail of Bedford. The hospital board held two hours of closed-door talks on May 26, and one board member predicted a decision within days.

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Bidders for baseball stock awaiting auction results

June 2, 2010
 IBJ Staff and Associated Press
Die-hard Indianapolis Indians fans who bid on shares of the minor-league baseball team's stock will soon know if they own a piece of the club.
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Indiana Senate's top Democrat demands budget-cut data

June 1, 2010
Associated Press
Minority Leader Vi Simpson, D-Bloomington, said the Republican governor's budget director told her that a comprehensive list of executive branch budget reductions wasn't available. She said that's unacceptable.
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Health care firm plans to create 114 jobs

June 1, 2010
SynCare LLC's expansion hinges on city approval of property tax abatement. The Metropolitan Development Commission is set to vote on the request Wednesday.
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Zoning board denies plan for club catering to under-21 crowd

June 1, 2010
Cory Schouten
The music has stopped for a proposed under-21 club at Madison Avenue and Southport Road after a city board on Tuesday unanimously denied a controversial rezoning request.
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EnerDel parent lands $65M investment

June 1, 2010
 IBJ Staff
The parent company of lithium-ion battery maker EnerDel has landed a $65 million investment from its largest shareholder.
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Genetic testing could spur Erbitux drug sales

June 1, 2010
Bloomberg News
The drugmakers are counting on screening for the so-called K-ras gene to spur use of Erbitux in metastatic colorectal cancer.
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Local liquor chain buys four stores in Kentucky

June 1, 2010
United Package Liquors' purchase of Bowling Green locations could be start of larger company expansion, CEO and president says.
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Anti-development property owner gives homestead to local land trust

June 1, 2010
Kathleen McLaughlin
A 16-acre wood nestled against the White River and surrounded by the Keystone at the Crossing shopping center will become a public nature preserve.
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Toyota to move Highlander production to Indiana

June 1, 2010
 IBJ Staff and Bloomberg News
Toyota began manufacturing the Highlander SUVs in November 2000 and has been making between 1,000 to 9,000 gasoline vehicles a month. In April, it produced about 1,900 units.
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Road upgrade kicks off improvements in Lafayette Square area

June 1, 2010
Tom Harton
A $20 million improvement of West 38th Street between Guion and High School roads that is set to begin next month is the first in a series of initiatives that stakeholders hope will revive the real estate fortunes of the area anchored by Lafayette Square Mall.
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Franchitti earns $2.8 million for Indy 500 win

May 31, 2010
Associated Press
Franchitti's earnings were part of an overall purse of $13,592,815. The paychecks were announced at the annual victory dinner Monday at the Indianapolis Motor Speedway.
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Other states join Indiana in spurning grant program

May 31, 2010
 IBJ Staff and Associated Press
About two dozen states are going back to Washington for another shot at billions in education grants under the "Race to the Top" program, but at least nine others including Indiana are opting out of trying a second time.
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INSIDE DISH: Bonge's Tavern survives, thrives in the boonies

May 31, 2010
Mason King
Bonges Watch videoDespite setbacks including a devastating lightning strike, Tony Huelster of Bonge's Tavern has turned the middle-of-nowhere eatery into a dining hotspot.
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Rivers Edge lands Nordstrom Rack, The Container Store

May 29, 2010
Cory Schouten
Two sought-after national retail concepts are poised to open their first Indianapolis stores. Kite Realty Group Trust has recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment of Shops at Rivers Edge along 82nd Street at Dean Road.
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In-car spy device could drive sales

May 29, 2010
Chris O'Malley
Carmel-based CarCheckup LLC has created a cell-phone-size device that plugs into a car's "OBD II" diagnostic port to track a plethora of data, such as speed ranges, graphs of RPM, and numbers on how hard the car accelerated and braked. The company is marketing the device to parents of teen drivers, among others.
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Performance Services guarantees City-County Building energy savings

May 29, 2010
Chris O'Malley
The firm was a pioneer in the energy savings niche more than a decade before green became cool or was perceived to be a viable market.
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Cancer researcher battling Semafore in courtRestricted Content

May 29, 2010
Chris O'Malley
Former collaborator alleges firm breached its agreement with him and refused to pay royalty income.
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Positron has billion-dollar hopes for medical-imaging scanner

May 29, 2010
J.K. Wall
A maker of medical imaging equipment that recently moved its headquarters to Fishers has grand plans to reach $1 billion in sales and build a multimillion-dollar cyclotron facility in five years. But history shows Positron Corp. has been far better at losing money than making it.
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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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