News & Analysis

IPFW study recommends shift to Indiana University control

August 14, 2014
Associated Press
Indiana Purdue-Fort Wayne would better serve its region with a shift in governance to Indiana University and a change in the state's funding formula for university campuses, a study released Thursday recommended.
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Mattress maker plans 300 jobs in Plainfield

August 14, 2014
 IBJ Staff
Mattress maker Tempur Sealy International Inc. plans to open a manufacturing and distribution facility in Plainfield, creating up to 300 jobs by the end of 2015, the Lexington, Kentucky-based company announced Thursday afternoon.
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Kravitz leaves Indy Star for job with WTHR

August 14, 2014
Anthony Schoettle
After 14 years as the Star's lead sports columnist and most recognized personality, Bob Kravitz resigned Thursday shortly after 3:30 p.m. “I agonized over this decision for days and days,” he said of joining Channel 13's sports staff.
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Regenstrief plans new $13M headquarters

August 14, 2014
Jeff Newman
Regenstrief, a not-for-profit medical research organization, plans to move 50 investigators, 165 staff members and a number of affiliated scientists into the building when it is completed in mid-2015.
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Huntingburg, Wabash named Stellar Communities

August 14, 2014
Associated Press
Two Indiana cities will receive millions of dollars to help spur economic development after being named 2014 Stellar Communities.
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Weekly U.S. unemployment claims jump by 21,000

August 14, 2014
Associated Press
The four-week average, a less volatile measure, rose 2,000, to 295,750. That continues to be close to averages that predate the beginning of the Great Recession in late 2007.
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Eli Lilly to close Terre Haute animal enzyme plant

August 14, 2014
Associated Press
The plant closure will affect 23 plant employees, all of whom will be offered comparable positions at a Lilly plant near Clinton that employs about 500 workers.
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Contractor gets probation in prevailing wage case

August 13, 2014
 IBJ Staff
Indianapolis construction contractor David Roark was sentenced Wednesday in Marion County Court to two years of probation after he was accused of violating the state's common wage law.
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Vera Bradley to cut manufacturing at Indiana plant

August 13, 2014
Associated Press
Vera Bradley plans to phase out a shift that about 150 people work at its New Haven plant in an effort to reduce manufacturing capacity and save on domestic costs.
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Local man faces 20 investment-related felony counts

August 13, 2014
Jeff Newman
Robert E. Wilson, 54, who operated locally based Wellington Institutional Management LCC, was charged in Marion County Court with 10 counts of securities fraud and 10 counts of being an unregistered broker-dealer.
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State tax collections fall just below projections

August 13, 2014
Jacob Rund, The Statehouse File
The state brought in a total of $1.04 billion in July general fund revenue, a decrease of 0.5 percent from the December 2013 state revenue forecast.
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UPDATE: Underground blast rocks downtown Indianapolis

August 13, 2014
Associated Press
An underground explosion downtown Wednesday afternoon sent smoke billowing into the street and led to the evacuations of buildings.
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Area homebuilding permit filings down in July

August 13, 2014
Permit filings for home construction in central Indiana fell 5 percent last month, the first decline the market has seen since January.
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NCAA quarterly lobbying costs surge during legal fight

August 13, 2014
Bloomberg News
The National Collegiate Athletic Association spent more on congressional lobbying from April to June than it did in the previous three quarters combined, as it fought lawsuits challenging its structure.
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Church accuses JPMorgan of mismanagement, self-dealing

August 13, 2014
Cory Schouten
Christ Church Cathedral has filed a federal lawsuit against JPMorgan Chase, alleging the bank's "intentional mismanagement" and "self-dealing" led to $13 million in losses in church trust accounts endowed in the 1970s by Eli Lilly Jr.
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Democrats question $12M in consulting contracts

August 13, 2014
Kathleen McLaughlin
The cash-strapped city of Indianapolis has entered agreements worth more than $12 million as it pursues a public-private partnership for a new courthouse and jail. Mayor Greg Ballard's office says the fees will be paid by the developer.
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Mainstreet's Turner to sell REIT in $2.3B deal

August 13, 2014
Bloomberg News, J.K. Wall
HealthLease Properties REIT, which is led by Mainstreet Property's Zeke Turner, will be sold to Ohio-based Health Care REIT Inc., along with 17 projects Mainstreet has under construction. The deal includes 45 future projects.
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WRTV adds sports-talk host Grady to its staff

August 13, 2014
 IBJ Staff
Michael Grady, a radio sports-talk host on WFNI-AM 1070 and the public address announcer for the Pacers, will begin his job at WRTV on Aug. 22, the station announced Tuesday.
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Lender forecloses on two downtown office buildings

August 13, 2014
Scott Olson
The Gold Building and Two Market Square have been struggling to maintain tenants and face a potential exodus of others to the county's proposed criminal justice complex.
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Indiana challenge to Obamacare tax-credit rule can go forward

August 12, 2014
Bloomberg News
U.S. District Judge William T. Lawrence in Indianapolis on Tuesday denied an IRS bid to dismiss that portion of the state’s 2013 lawsuit, in which it claimed the rule illegally conflicts with a provision of the federal law.
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Pence: State to pay special-needs adoption subsidies

August 12, 2014
 The Statehouse File
The move comes just two months after a LaPorte woman filed a lawsuit, saying the state owed her subsidies.
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Farmers on pace for record corn crop, report says

August 12, 2014
Associated Press
A bigger crop was expected as adequate rain and cool temperatures made for favorable growing conditions in the 18 states that produce 91 percent of the nation's corn.
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WellPoint to change corporate name back to Anthem

August 12, 2014
 Bloomberg News and IBJ Staff, Associated Press
The name change will be completed by the end of the year, pending shareholder approval, the company said Tuesday.
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U.S. employment openings hit 13-year-plus high

August 12, 2014
Associated Press
Job openings have increased 17.6 percent during the past 12 months, while hiring has risen 9.3 percent during the same period, suggesting a mismatch in the jobs market.
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Teachers, students facing new state standards

August 12, 2014
Associated Press
Indiana teachers and students starting the new school year will have to quickly get up to speed on the state's new academic standards, drafted only months ago to replace the national Common Core standards.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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