News & Analysis

Council advances utilities transfer proposal

July 27, 2010
 IBJ Staff and Associated Press
City-County Council members voted 19-10 Monday night to approve Republican Mayor Greg Ballard’s $1.9 billion plan to transfer Indianapolis’ water and sewer utilities to Citizens Energy Group.
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Survey: Many hospital patients in dark about debt-relief options

July 26, 2010
J.K. Wall
Marion County survey finds 80 percent of respondents in debt to local hospitals, with about half saying they were never informed about the availability of charity care or payment plans.
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Old National improves second-quarter performance

July 26, 2010
The Evansville-based bank reported a 9-percent increase in second-quarter profit, helped by a continued reduction in non-interest expenses and growth in commercial loan and business checking account activity.
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Holiday Inn to hit auction block with $1M opening bid

July 26, 2010
Cory Schouten
A Holiday Inn hotel along Interstate 69 just north of 96th Street in Fishers is scheduled to hit the auction block next month with a suggested opening bid of $1 million.
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Key vote ahead for utilities transfer

July 26, 2010
 IBJ Staff
A plan to transfer the city's water and sewer utilities to Citizens Energy Group faces a key vote Monday night at a meeting of the City-County Council.
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Lawsuit targets Simon's leasing tactics

July 24, 2010
Cory Schouten
One of Indiana’s largest privately held developers is suing Simon Property Group Inc., alleging the nation’s largest mall owner abused its “market power” to bully two national retailers into backing out of leases at a lifestyle mall near Mishawaka.
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Daniels criticized for lopping costs on I-69 extension

July 24, 2010
Chris O'Malley
Detractors of new-terrain route say cost cuts undermine economic development premise for extending the interstate.
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Indianapolis Indians scoring sponsorship, attendance increases

July 24, 2010
Anthony Schoettle
Minor-league baseball team could be in line to register another $1 million profit thanks to improvements in sponsorship sales and attendance.
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Big budget cuts will make for bitter state politics

July 24, 2010
Peter Schnitzler
As Indiana's reserves dwindle toward zero and federal stimulus money disappears, trying to keep political debate friendly and the budget in the black will be quite a challenge. Half a year before they must craft the next state budget, Democrats and Republicans already are squabbling.
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High-end home market hits foreclosure lullRestricted Content

July 24, 2010
Norm Heikens
Until this year, Indiana's foreclosure epidemic knew no demographic boundaries. But suddenly that’s changed. Since March, not a single foreclosure on a house priced at $1 million or more has been filed in the Indianapolis area—a possible sign of better times for uber-expensive homes.
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Opponents claim I-69 extension a drain on other road projects

July 24, 2010
Chris O'Malley
Some opponents of the Interstate 69 extension says it’s not too late to kill the project even though concrete has been poured for two miles in southern Indiana, and another 60 miles or so is under construction or in an engineering phase.
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SHOUP: Emancipation is near for independent contractorsRestricted Content

July 24, 2010
Steve Shoup
State regulators are gearing up to crack down on companies thought to be treating people as though they are independent contractors instead of employees.
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'Landstory' name opens new chapter for firmRestricted Content

July 24, 2010
Scott Olson
Moniker reflects ownership change years earlier, better description of company's focus.
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Indianapolis Star to be laid out in Louisville; local jobs likely lost

July 24, 2010
Anthony Schoettle
Virginia-based Gannett Co., the Star’s parent company, this month informed employees of a plan to move layout and design work for its 83 dailies to five regional design hubs.
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Local investors make big bet on senior housingRestricted Content

July 24, 2010
J.K. Wall
With the first baby boomers set to turn 65 in six months, investments in senior housing are heating up. A group of Indianapolis-area professionals—including Mark Waterfill (left) and Tony Schantz—have banded together to launch three senior housing projects around the state, spending $49 million and looking to do more.
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Financial upheaval produced war stories galoreRestricted Content

July 24, 2010
Norm Heikens
The foreclosure epidemic has left a wake of carnage in the Indianapolis area.
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Indianapolis City Ballet organizers proceeding slowlyRestricted Content

July 24, 2010
Kathleen McLaughlin
Local arts patrons Jane Fortune and her longtime partner Robert Hesse started City Ballet in the spring of 2009, but it was more of a pitch than a reality. More than a year later, organization leaders are still not sure when they will hire their own dancers.
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Mind Trust education fund launches national networkRestricted Content

July 24, 2010
J.K. Wall
The organization uses its money to lure national reform programs like Teach for America to the city and to fund education entrepreneurship fellows to launch innovative programs for schoolchildren in Indianapolis.
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Federal agents' raid hits University Loft at tough timeRestricted Content

July 24, 2010
Kathleen McLaughlin
Military contracts have helped shore up sagging sales at University Loft Co., the furniture maker federal agents raided two weeks ago. Still, University Loft's work force is almost 50 percent off its recent peak.
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Judge rules against Inlow heirs

July 23, 2010
J.K. Wall
Hamilton County Judge Steve Nation ruled Friday that the heirs of former Conseco Inc. executive Lawrence Inlow failed to justify their attempt to remove Cincinnati-based Fifth Third Bank as the fiduciary of his estate.
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Hoosier Energy reaches settlement with EPA

July 23, 2010
 IBJ Staff
Rural electric cooperative to pay civil penalty of nearly $1 million for not using most modern pollution controls. Hoosier Energy also to spend up to $300 million on pollution controls at coal-fired plants.
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Key city highway to be closed for beautification project

July 23, 2010
Chris O'Malley
Commuters and truckers could get an all-day headache when Interstate 70 closes in October to allow Eli Lilly and Keep Indianapolis Beautiful to spruce up part of the city.
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INSIDE DISH: Reviving an iconic east-side diner

July 23, 2010
Mason King
Dish_steerin_watchvideoHarold's Steer-In was on its last legs when the Kehrer family decided to rehabilitate the beloved eatery. After a slow start, sales are stampeding.
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Small business lending measure clears filibuster

July 23, 2010
Associated Press
Community banks may soon be able tap a $30 billion government fund to help them increase lending to small businesses.
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Integra Bank unloads five Kentucky branches

July 23, 2010
Transaction is part of Evansville-based Integra's plan to narrow its geographic footprint, CEO Michael J. Alley said. The bank has 59 branches in Indiana, Kentucky, Illinois and Ohio.
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  1. Yes sir keep cashing those 300K a year checks direct to IMS, while millions disappear from the teams like Rahal's. Guess there wasn't enough ka- ching going around to keep Sarah Fisher in business without their "merger". LOL._____.Meanwhile back in Realville the series with the "best racing in the world" drew what appeared to be about 5000 live spectators ( and probably 1500 of those Target "freebies", and was beaten in the ratings by a series that reportedly consists of "parades" and aired while most people are still sleeping. That will generate those big ka-chings for sure. :-). But, hey, as long as the Speedway gets the cash who gives a damn about the teams?

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  3. If I could actually get the prices...I would do this on my own. We need laws that force provides to publish the costs they will charge. Everyone else gives you the price in advance...except hospitals.

  4. I was under the impression that fencing is not allowed on a front yard and that on a corner, both sides are considered "front" yards, therefore can't be fenced without a variance. Also impedes the visibility for drivers at the intersection. Am I understanding this correctly? Might be why a fence was not included in the plans and a request for a variance will have to be made?.

  5. I was a big fan of Cowards and Carrots, which I got a chance to see at the show. It's currently on Kickstarter, but the designer also put out What's He Building in There last year, which got a fair amount of buzz.

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