Regional News

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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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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Ripple Inn, Sinking Ship among new restaurants planned

July 24, 2010
 IBJ Staff
Among the four eateries on the way, two are local ventures and two are chains.
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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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Proposal: Link federal aid to performance of ITT, peers

July 23, 2010
Bloomberg News
The Obama administration released a proposal that would tighten for-profit colleges’ access to federal student aid, threatening an industry that received $26.5 billion in U.S. funds last year. Carmel-based ITT Educational Services is among those potentially affected.
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Carpenters union to unveil new training facility

July 22, 2010
Scott Olson
The recent dearth of construction activity has been an opportunity of sorts for the Indiana-Kentucky Regional Council of Carpenters: During the slowdown, the trade group built a $13 million training facility and administrative building in Greenwood.
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Angola manufacturers plan nearly 180 new jobs

July 20, 2010
 IBJ Staff
Fuel Systems of Angola and Steffy Wood Products say they will invest a total of $4.8 million on their production facilities in northeast Indiana, creating 178 jobs by 2013.
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Steel Dynamics profit up, but misses analysts' estimates

July 20, 2010
Bloomberg News
Net income was $49.2 million, compared with a net loss of $16 million a year earlier, the Fort Wayne-based steelmaker said Monday in a statement.
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Shelbyville, county plan economic development projects

July 17, 2010
Kathleen McLaughlin
Millions of dollars in tax revenue that flows from the Indiana Live casino to local government coffers will be set aside for economic development. Shelbyville Mayor Scott Furgeson hopes to present new projects to the city council in the next month or two.
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Kansas City arts executive named general manager of new Carmel center

July 17, 2010
 IBJ Staff
Douglas Tatum, former executive director of the Arts Foundation of Kansas City, will start at the Center for the Performing Arts July 26.
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Cummins gets upgrade from Moody's

July 17, 2010
 IBJ Staff
The company's rating rose one notch because it has taken steps to insulate itself from economic downturns.
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Appeals court reverses Bargersville annexation

July 16, 2010
 IBJ Staff
The Indiana Court of Appeals on Thursday overturned the town of Bargersville’s annexation of land that Greenwood officials also wanted to take over, saying it failed to get the required consent from property owners.
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Inlow heirs accuse Fifth Third, Hall Render of fraud

July 15, 2010
J.K. Wall
A bitter battle between the heirs of former Conseco Inc. executive Lawrence Inlow and the bank and attorneys overseeing his estate will get a hearing Friday in Hamilton County Court
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Beer brewer feuding with Franklin over incentives

July 15, 2010
Anthony Schoettle
San Diego-based TailGate Beer is supposed to create as many as 150 jobs in Franklin, but the plan has been delayed while the sides squabble about financial disclosures.
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Federal agents raid University Loft headquarters

July 13, 2010
 IBJ Staff
Agents descended on the contract-furniture maker to execute a sealed search warrant. A spokeswoman for U.S. Attorney Tim Morrison said no arrests were made.
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Civic Theatre gears up for capital campaign

July 10, 2010
 IBJ Staff
Actress and former Indiana Repertory Theatre staff member Megan McKinney has been hired to prepare for the three-year fundraising initiative.
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Westfield's proposed Symphony development under review

July 8, 2010
 IBJ Staff and Associated Press
The Westfield planning commission has asked city employees to further review the 1,400-acre mixed-use project that could include thousands of homes, shops, a YMCA and a baseball stadium.
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Farmers Bank opening two branches in Hamilton County

July 7, 2010
Frankfort-based bank plans to open locations in Fishers and Noblesville as part of its plan to expand its presence in Hamilton County.
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Solar firm investing $500M in unused Getrag plant; 850 jobs planned

July 3, 2010
 IBJ Staff
A Colorado-based Abound Solar will get federal help taking over the empty Getrag plant on U.S. 31 near Kokomo, creating as many as 850 jobs in the next three years and establishing what it says will be the largest such facility in the United States.
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LOU'S VIEWS: The King without kitsch and other Brown County pleasures

July 3, 2010
Lou Harry
It didn’t occur to me on the drive down Interstate 65 for a Brown County getaway that I’d be returning with praise for an Elvis impersonator.
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New Conner Prairie exhibit could be set in 20th century

July 3, 2010
 IBJ Staff
Work is starting at the former site of Liberty Corner on a new exhibit that will be announced in late summer or early fall.
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Fort Wayne medical practice splits, following industry trend

July 2, 2010
J.K. Wall
More than 100 staff members of Indiana Medical Associates LLC likely will land at one of two area hospital systems. The move mirrors national and local consolidation of practices with hospitals.
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Cummins looks to boost India sales by 40 percent

June 28, 2010
Bloomberg News
Cummins Inc., the Columbus-based maker of diesel truck engines and generators, expects to boost India sales about 40 percent this year as economic growth spurs road traffic and demand for electricity.
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Plug-in car startup breaks all the rules

June 26, 2010
Chris O'Malley
Wabash-based ClearFlex Automotive is using off-the-shelf technology to design a 2010 Ford Focus plug-in electric vehicle, powered entirely by lead acid batteries. The company is gearing up for initial production of up to three vehicles a day.
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Electric rates likely to rise with cost of Duke coal plantRestricted Content

June 26, 2010
Chris O'Malley
Pressure is building on Duke Energy to contain costs of its controversial Edwardsport generating plant in southwestern Indiana, following the company’s recent disclosure that the price tag will soar by $530 million—likely boosting average customer rates in Indiana by 3 percent.
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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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