News & Analysis

Feds' new data adds shine to Hoosier incomes

August 23, 2014
Norm Heikens
In April, the U.S. Bureau of Economic Analysis began considering cost of living alongside the stew of income figures it has long collected, and the new, adjusted income numbers make both the metro area and the state look like better places to live.
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Demise of Radio Disney causing static; local station in play

August 23, 2014
Anthony Schoettle
Walt Disney Co. announced earlier this month that it would sell its 23 radio stations that target children ages 3 to 15. The only Radio Disney outpost on the FM dial, WRDZ-FM 98.3 in Indianapolis, could be particularly sought after if the stations are sold individually.
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Mainstreet torques up expansion ambitions

August 23, 2014
J.K. Wall
Mainstreet Property Group, already the fastest-growing company in the Indianapolis area, now has the fuel it needs to nearly triple its pace of construction of senior care facilities around the country.
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Star caterer Jack Bayt on upswing after tumble

August 23, 2014
Sam Stall
Six years after having the area's largest catering business sold out from under him, Jack Bayt is back, leading a revamped Crystal Catering. But the new iteration is much smaller than in the days when Bayt and his partners wanted to become a regional or even national player.
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Builders Estridge and Davis rebound from bust, run own firms again

August 23, 2014
Scott Olson
Brad Davis and Paul Estridge Jr. belong to a select fraternity. They’re prominent Indianapolis homebuilders whose companies faltered during the housing downturn, only to re-emerge in another incarnation.
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City-County Council approves landlord registryRestricted Content

August 23, 2014
The ordinance is the product of state legislation this year that effectively shut down rental-property inspection programs but left municipalities the option of creating registries.
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Kite Realty creates general counsel postRestricted Content

August 23, 2014
 IBJ Staff
Kite Realty Group Trust has created the position of executive vice president, general counsel and corporate secretary and has brought aboard Scott E. Murray to fill it.
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Two more charter schools in Indianapolis to close

August 22, 2014
Associated Press
ADI Schools Inc. on Friday announced plans to relinquish charters awarded to Andrew Academy and Padua Academy charter schools. Both schools were sponsored by Indianapolis Mayor Greg Ballard.
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Health commissioner resigns for personal reasons

August 22, 2014
Associated Press
Dr. William VanNess said Friday he plans to stay on the job until Gov. Pence finds a replacement, saying he likely will stay on until early October.
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IU closing proton therapy center, cyclotron

August 22, 2014
 IBJ Staff
The Indiana University Health Proton Therapy Center and IU Cyclotron in Bloomington will close by the end of the year, costing 120 employees their jobs, IU announced Friday morning.
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Simon hands over Washington Square to lender

August 22, 2014
Scott Olson
Simon Property Group Inc. has given up on the struggling Washington Square Mall, turning over control to a lender.
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Toyota to expand Highlander production, add 300 workers

August 22, 2014
 IBJ Staff and Associated Press
Toyota Indiana on Friday said it plans to expand operations at its Princeton plant, about 150 miles southwest of Indianapolis, creating up to 300 jobs by 2016.
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Struggling Angie's List lays off 97 salespeople

August 22, 2014
Mason King
The consumer-review firm told federal regulators Friday that the move was "part of a focus on improving salesforce performance and productivity."
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Noblesville eyes plans for $10M park, amphitheater

August 22, 2014
Andrea Muirragui Davis
Officials hope to bolster the city's "hipstoric" downtown and jump-start redevelopment of a key community gateway. But the price strikes some as steep.
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Coats: Planned reservoir can't rely on fed money

August 22, 2014
Associated Press
U.S. Sen. Dan Coats said planners of a proposed central Indiana reservoir shouldn't look to the federal government for help in financing the $450 million project.
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U.S. farmers may grow more corn than they can handle

August 22, 2014
Bloomberg News
From Ohio to Nebraska, corn and soybean output is expected to be even higher than the record amounts predicted earlier this year.
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Kokomo residents embrace bus route expansion

August 22, 2014
Associated Press
The City Line Trolley bus service has seen its passenger totals increase 31 percent since it added three new lines and expanded the number of stops from 118 to 275 last summer.
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WFYI broadens reach with Indiana State agreement

August 22, 2014
 IBJ Staff
Starting Sept. 15, WFYI-FM 90.1’s broadcast will be heard on WISU-FM 89.7, the official radio station of Indiana State University in Terre Haute.
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Lawmakers move to monitor State Board of Accounts

August 22, 2014
Jacob Rund, The Statehouse File
A subcommittee of the Indiana Legislative Council met this week to determine the goals and best practices of a new Audit Committee, which is meant to operate as a type of peer-review system for the State Board of Accounts.
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Airline group forecasts uptick in Labor Day travel

August 22, 2014
Associated Press
An airline group predicted Thursday that 14 million people would fly on U.S. airlines during the seven days ending Sept. 2, the day after Labor Day. The busiest day is expected to be the Friday before the holiday weekend.
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Bayh says another gubernatorial run is ‘unlikely’

August 21, 2014
 The Statehouse File
The former senator and two-term governor said he has given the idea consideration because people he respects asked him to think about running.
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Postal Service has 600 rural Indiana spots open

August 21, 2014
Associated Press
Rural carriers earn $16.25 per hour and receive equipment maintenance allowances. They may be required to use their personal vehicles, but are compensated for it.
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NCAA files intent to appeal O'Bannon decision

August 21, 2014
Associated Press
The NCAA has notified the 9th U.S. Circuit Court of Appeals that it intends to appeal a judge's ruling in the Ed O'Bannon case that it violated antitrust laws. What's unclear is how the NCAA's legal team will attack the ruling.
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Advocate brokers lower IPL rate hike for car-sharing service

August 21, 2014
Kathleen McLaughlin
Indianapolis Power & Light Co. customers would see less of a rate hike for an electric car-sharing program under a settlement agreement negotiated by the Indiana Office of Utility Consumer Counselor.
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Residents of Packard condos settle suit with developer

August 21, 2014
Cory Schouten
Residents of downtown's The Packard condominiums have settled a two-year-old lawsuit with developer Kosene & Kosene Residential.
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