News & Analysis

Groundbreaking nears for $4.5M apartment project

August 30, 2010
Cory Schouten
The 62-unit project called National Apartments on the Monon is the latest phase of the Martindale on the Monon redevelopment project, which began in 2005. The developer is Indianapolis-based Development Concepts Inc.
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UPDATE: Emmis shares slide after firm says deal in peril

August 30, 2010
Scott Olson
A private-equity firm backing Emmis CEO Jeff Smulyan's buyout signed off on a compromise, but then changed its mind.
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Metropolis mall purchased by Israel firms

August 30, 2010
Aviv Arlon Global Ltd. pays $52 million for shopping center, which was in court-appointed receivership. Former real estate firm Premier Properties USA Inc. developed Metropolis, with an investment of $160 million.
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Equity firm withdraws support for revised Emmis deal

August 30, 2010
Scott Olson
A Monday morning announcement from Alden Global Capital puts CEO Jeff Smulyan's efforts to take Emmis private in real jeopardy. His attempts to sway preferred shareholders already have failed five times.
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City parking agreement to receive first scrutiny

August 30, 2010
Indianapolis' Department of Public Works Board and its City-County Council Rules and Public Policy Committee both will meet on Monday to consider the long-term deal. It would need approval from the City-County Council before taking effect.
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Delphi plans Kokomo lab as part of $25M project

August 30, 2010
Associated Press
The new engineering lab and a smaller utility building will help consolidate all of Delphi's 1,400 employees in Kokomo.
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Would-be buyer urging GM workers to vote on pay cuts

August 30, 2010
 IBJ Staff and Associated Press
A businessman seeking to buy General Motors Co.'s Indianapolis metal-stamping plant met with workers Sunday at Lucas Oil Stadium to urge them to accept pay cuts allowing the sale.
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MotoGP attendance slips

August 29, 2010
Associated Press
A total of 136,184 spectators attended the three days of action at Indianapolis Motor Speedway.
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Teen motorcycle racer killed in crash at Speedway

August 29, 2010
Associated Press
The death of a 13-year-old motorcycle rider at Indianapolis Motor Speedway cast a shadow over Sunday's races at the historic track and prompted mourning competitors to defend the development system for the dangerous circuit.
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City vendor may get $1.2B from parking-privatization deal

August 28, 2010
Cory Schouten
The pitch from Mayor Greg Ballard’s administration to privatize the city's parking meters is compelling, but the proposal to sell the meters to Dallas-based Affiliated Computer Services Inc. has the city giving up more in the long run than is immediately apparent.
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New enforcement rules worry environmental activists

August 28, 2010
Associated Press
The Indiana Department of Environmental Management's top attorney asked agency staff to change how they cite companies for violating the state's water pollution law.
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A half-century later, Indiana Landmarks returns to roots

August 28, 2010
Cory Schouten
Old Centrum Watch VideoBankrolled by yet another multimillionaire, the historic preservation group is preparing to move into a new headquarters in Old Centrum, a former church now undergoing a big renovation.
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WFYI seeks more money from public broadcasting audience

August 28, 2010
Kathleen McLaughlin
Public TV and radio broadcaster WFYI is counting on its listeners and viewers to open their wallets in a big way this fall, as it gears up for a campaign to grow its endowment well beyond its current $2.2 million.
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Banks still cautious on commercial real estateRestricted Content

August 28, 2010
Scott Olson
Singed by the downturn, banks are winnowing real estate portfolios.
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Apartment developer S.C. Bodner sued over accessibilityRestricted Content

August 28, 2010
Cory Schouten
The National Fair Housing Alliance and two of its member groups allege that Bodner communities in eight states including Indiana violate accessibility requirements of the Fair Housing Act.
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Indianapolis hot rod event still on trackRestricted Content

August 28, 2010
Anthony Schoettle
The National Hot Rod Association has had to go into fuel conservation mode during the recent economic downturn, but the California-based drag racing series seems to have come through the recession in better shape than many of its motorsports brethren.
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Marian University goes on fundraising tearRestricted Content

August 28, 2010
Kathleen McLaughlin
Marian University pulled in a whopping $54.2 million in pledges for the fiscal year ended June 30, largely related to its effort to launch Indiana’s first college of osteopathic medicine. The year before, the Catholic institution raised $14.4 million, an in-house record.
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Indiana universities nearly double research spendingRestricted Content

August 28, 2010
J.K. Wall
In the last 10 years, Indiana’s major research universities—Indiana and Purdue—have nearly doubled their science-based research budgets, to a total of $895 million. Yet Indiana’s public universities still run in the middle of the pack nationally.
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iSalus sees business boom as docs chase stimulus cash

August 28, 2010
J.K. Wall
The company is seeing a rush of new sales for its Web-based electronic medical record system from doctors, who all stand to receive bonus payments from the federal stimulus act for computerizing their patient records.
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Speedway, MotoGP extend contract for another year

August 27, 2010
Associated Press
Shortly after this year's first Indianapolis MotoGP practice started Friday, Indianapolis Motor Speedway CEO Jeff Belskus said the two sides had agreed to a one-year contract extension that will bring the event back for a fourth year in 2011.
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Emmis privatization effort still on hold

August 27, 2010
Anthony Schoettle
Local media company still discussing deal with dissident shareholders, who refused to vote Friday evening. A new date for another shareholders meeting is to be announced Monday.
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Indiana governor seeks more federal stimulus money

August 27, 2010
Associated Press
Daniels has publicly railed against the newly approved $26 billion stimulus package, but his office said Friday that applications had been submitted for about $200 million toward Medicaid and about $200 million for education.
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Urban farming key to this 'Taste of Indiana'

August 27, 2010
Scott Olson
First-of-its-kind event in Indianapolis showcases what's known as the slow food movement, which promotes the benefits of producing plants, seeds and livestock for local consumption.
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Bid deadline looms for former Hilbert mansion

August 27, 2010
The 25,000-square-foot mansion once owned by Conseco Inc. founder Stephen Hilbert was listed five years ago at $20 million—and about half that in recent months. Now the property is being sold in a sealed-bid auction, and offers are due Friday.
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CIB's 2011 budget slated to grow by $10 million

August 27, 2010
Scott Olson
Capital Improvement Board president says initial $10 million payment to the Indiana Pacers is not only reason for the larger budget. Rather, she insisted it's largely due to $5 million in renovations slated for Conseco Fieldhouse and other CIB-operated facilities.
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