News & Analysis

Fair bankruptcy trustee hears from prospective Lampoon suitors

February 22, 2011
Greg Andrews
Fair Finance Co.’s bankruptcy trustee is getting inquiries from parties interested in buying National Lampoon Inc., the Los Angeles-based comedy business led by embattled Indianapolis businessman Tim Durham.
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Indiana Senate OKs contentious immigration bill

February 22, 2011
Associated Press
The Republican-ruled Senate voted 31-18 Tuesday for the bill, which contains penalties for businesses that hire illegal immigrants and allows police officers to ask someone for proof of immigration status if they have a reasonable suspicion the person is in the country illegally.
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Democratic lawmakers leave Indiana, block labor bill

February 22, 2011
Associated Press
Indiana House Democrats took a page from the playbook of their counterparts in Wisconsin on Tuesday, refusing to show up and at least temporarily blocking a Republican-backed labor bill.
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House GOP budget spares bank insurance fund

February 22, 2011
J.K. Wall
Indiana bankers are relieved House Republicans decided to spare a bank insurance fund from being raided to plug holes elsewhere in the state’s finances, but they're not done lobbying against the idea.
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Court OKs reorganization plan for Hoosier Park owner

February 22, 2011
Bloomberg News
Hoosier Park Racing & Casino owner Centaur LLC last week won court approval of its plan to cut debt by about $636 million and exit bankruptcy.
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Water playground proposed for far-east side park

February 22, 2011
Scott Olson
Splash zone is among several improvements slated for German Church and 30th Park, a few of which will be considered Thursday by the Metropolitan Development Commission's hearing examiner.
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Blockbuster selling movie-rental chain to creditors

February 22, 2011
 IBJ Staff and Bloomberg News
The bankrupt chain will immediately close 609 stores. The company declined to comment on whether any of the 20-some stores in the Indianapolis area will be among the casualties.
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Broad Ripple raising money to preserve historic buildings

February 22, 2011
Tom Harton
A movement to protect historic buildings in Broad Ripple could target as many as 60 properties.
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Former U.S. Rep. Ellsworth won't run for governor

February 22, 2011
Associated Press
The Democrat who lost to Dan Coats in November's U.S. Senate race says he won't run for any office in 2012. With recent announcements by other potential candidates, the field is beginning to shake out.
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Indiana home sales and prices rise in January

February 22, 2011
 IBJ Staff, Associated Press
The median sale price of homes across the state rose to $100,000 during January, up 5 percent when compared to the same month last year.
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Judge tosses Noble Roman's franchisee claims

February 21, 2011
Cory Schouten
Noble Roman's Inc. has won a pivotal courtroom victory in a battle with 14 former franchisees of its dual-branded Noble Roman’s Pizza and Tuscano’s Italian Style Subs restaurants.
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Ex-manager files $600M suit against Indiana Live owners, others

February 21, 2011
Scott Olson
Maryland-based Cordish Cos. says the casino owners withheld $8.4 million in payments and conspired with other groups trying to sabotage its plans for a Maryland gambling facility.
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Midway Produce acquired by U.S. Foodservice

February 21, 2011
Founded in 1999, Indianapolis-based Midway Produce mostly distributes produce to restaurants, health care facilities and schools throughout central Indiana.
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Countertop maker to close Shelbyville plant

February 21, 2011
 IBJ Staff
Iowa-based VT Industries will close its countertop manufacturing plant in Shelbyville and move the work to a new facility in Maryland, the company said Friday.
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Regulators plan more hearings on Duke plant costs

February 21, 2011
Associated Press
Indiana utility regulators will hold two additional field hearings to take public comment on Duke Energy's request to pass along to ratepayers the $2.9 billion cost of a coal-gasification plant being built near Edwardsport in southwestern Indiana.
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Lilly's master plan for downtown (real estate)

February 19, 2011
Cory Schouten
As Eli Lilly and Co. outsources work and sheds unnecessary properties, it is making moves with surplus real estate that could establish the strongest physical connection between Lilly and downtown since the company was founded at Pearl and Meridian streets 135 years ago.
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New coach amps up fan interest in PacersRestricted Content

February 19, 2011
Anthony Schoettle
Much of the credit for the team’s recent upswing—on the court and with fans—is going to the team’s new head coach, Frank Vogel. But he is only the interim head coach, and his future with the team is uncertain.
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Growth in farmers' markets continues into winter months

February 19, 2011
Sean Morrison
The U.S. Department of Agriculture says there are about 900 winter farmers’ markets in operation—a 17-percent increase over the past two years. Two thrive locally, one downtown and one in Zionsville.
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Emerging markets give Lilly hope in patent crunch

February 19, 2011
J.K. Wall
In a kind of alternate drug universe, sales of Eli Lilly and Co.’s ghosts of blockbusters past are soaring in China—prompting the drugmaker to pour money into emerging markets in an attempt to prop up revenue.
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Fourth-quarter commercial real estate stats for IndianapolisRestricted Content

February 19, 2011
Statistics for Indianapolis office and industrial property.
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Duke Realty sells offices in shift toward industrialRestricted Content

February 19, 2011
Scott Olson
Strategy also calls for greater Southeast presence, less investment in the Midwest.
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Indianapolis' 'well-designed' flag flies below radarRestricted Content

February 19, 2011
Gabrielle Poshadlo
The Indianapolis city flag turns 50 next year, but considering that urban design experts note the flag isn’t exactly plastered all over town, it’s probably a safe bet this is one golden birthday that won’t be much of a party.
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Thousands of IU Health patients getting hotel-stay discountsRestricted Content

February 19, 2011
J.K. Wall
A program to help Indiana University Health patients get discounted hotel rooms has ballooned in recent years to the size of a midsize convention.
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Bills seek utility rate flexibility to comply with EPA mandatesRestricted Content

February 19, 2011
Chris O'Malley
Indiana’s utilities have energetically sought legislation this session that would allow them to quickly charge ratepayers for the cost of new federal mandates to reduce pollution.
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Council may give up crime-grant duty to Parks Foundation

February 19, 2011
Kathleen McLaughlin
Under a proposal on its way to the City-County Council, the Indianapolis Parks Foundation would oversee millions of dollars in tax-supported grants for crime prevention.
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