Regional News

INDOT using federal funds to improve transportation options near schools

December 12, 2009
 IBJ Staff
The Safe Routes to School program “aims to influence a new generation of healthy, sustainable travel behavior,” says INDOT.
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Fishers-based Buckaroo Marketing grows with acquisition

December 12, 2009
 IBJ Staff
The firm founded in 1999 recently announced it bought Indianapolis-based Zent Consulting. Financial terms of the deal were not disclosed.
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Greenfield chain makes gas stations a family affair

December 12, 2009
Marc D. Allan
In high-turnover industry of gas stations and convenience stores, Greenfield-based GasAmerica builds loyalty under the guidance of CEO Stephanie White-Longworth.
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Bloomington panel won't support chain-store ban

December 9, 2009
 IBJ Staff and Associated Press
A task force appointed by Bloomington's mayor will instead look at other options for protecting the small-town character of the city's downtown from standardized chain stores and eateries.
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Trailer maker plans to add 100 jobs in Peru

December 2, 2009
 IBJ Staff
Peru recreational vehicle maker Riverside Travel Trailer Inc. will expand its Miami County operations, creating 100 new jobs by 2011, the Indiana Economic Development Corp. announced Wednesday morning.
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Carmel buying 12 acres for new well field

December 1, 2009
Cory Schouten
The city of Carmel has agreed to buy about 12 acres adjacent to the Mansion at Oak Hill for a new well field.
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Denison light-replacement project shows expanding base of green vendors in regionRestricted Content

November 21, 2009
Chris O'Malley
Indianapolis parking garage operator Denison shuns sexy LED lighting for Fishers supplier’s induction lights.
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Horizon Wind Energy opens its first Indiana wind farm

November 21, 2009
 IBJ Staff
At full tilt, the units of Meadow Lake I Wind Farm in Brookston can generate about 200 megawatts, enough to power 60,000 average size homes in a year.
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Westfield's Truss Manufacturing Co. changes name, expands product line

November 21, 2009
 IBJ Staff
Truss Manufacturing Co., a fixture along U.S. 31 in Westfield since 1959, in October changed its name to TMC Building Products to emphasize its expansion into other supplies.
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Pizza restaurants in works; wine shop heading to Fishers

November 21, 2009
 IBJ Staff
Hot Box Pizza plans to open a downtown location in the Harness Factory Lofts building, and WineTyme, a new local shop selling wines, craft beers and gourmet food, is coming to Fishers.
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Financial flexibility drew Civic Theatre to Carmel center

November 19, 2009
Kathleen McLaughlin
The Indianapolis Civic Theatre could take as long as 20 years to pay the $10 million fee it agreed to as part of a deal to relocate to the state-of-the-art Regional Performing Arts Center in Carmel.
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Civic Theatre confirms plans to relocate to Carmel

November 17, 2009
 IBJ Staff
Indianapolis Civic Theatre will move from the campus of Marian University to the Regional Performing Arts Center under construction in Carmel. The theater and Carmel Redevelopment Commission released a joint statement Tuesday announcing a long-term deal that calls for the Civic to pay $10 million to be the center’s primary occupant.
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AuthorHouse parent hooks up with publisher Harlequin

November 17, 2009
Bloomington-based Author Solutions Inc. announced Tuesday that it has entered into a self-publishing partnership with Toronto-based Harlequin Enterprises Limited, a prolific publisher of romance novels.
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Hancock Regional Hospital goes after Geist market

November 14, 2009
Kathleen McLaughlin
The $7.8 million medical office building in McCordsville will allow the hospital to tap patients with private insurance.
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Struggling Bioanalytical Systems adds outsider to boardRestricted Content

November 7, 2009
Peter Schnitzler
Shareholders are starting to make inroads in their effort to turn struggling West Lafayette-based Bioanalytical Systems Inc. in a new direction.
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Former Smith-Holden Music employees open new Bloomington store

November 7, 2009
 IBJ Staff
Two key employees of the recently closed store in downtown Bloomington have opened their own venture, Melody Music Shop.
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IURC conducts review of Centennial's telecom serviceRestricted Content

November 7, 2009
Chris O'Malley
Every neighborhood has its battles, but the 1,017-resident Centennial subdivision in Westfield is embroiled in one of the most unusual: a very public fight over the adequacy of its phone, Internet and video service.
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Suburban counties building outer loop to avoid Indianapolis

November 7, 2009
Chris O'Malley
Counties wanting to speed traffic among suburbs are building highways to avoid having to travel into Indianapolis. The result, a 100-mile outer loop beyond Interstate 465, won't be completed for years, and it won't be built to consistent standards, but it might help ease congestion.
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Bloomington chamber weighs in on chain-store ban

November 4, 2009
Kathleen McLaughlin
The Greater Bloomington Chamber of Commerce is opposing Mayor Mark Kruzan’s proposal to restrict chain stores and restaurants downtown.
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Blue River posts loss on poor loan climate

November 4, 2009
Shelbyville-based Blue River Bancshares Inc. on Tuesday night said mounting loan losses contributed to a third-quarter loss of $356,000.
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First Merchants posts quarterly loss on bad loans

November 2, 2009
Muncie-based First Merchants Corp. said Monday afternoon that loan charge-offs contributed to a loss of $6.4 million in the third quarter.
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Study recommends upgrades for public transportation in counties surrounding IndianapolisRestricted Content

October 31, 2009
Chris O'Malley
IndyGo, for all its faults, is the Cadillac of transit systems in the Indianapolis region. Service breaks at county lines and the absence of passenger shelters are among the deficiencies facing transit systems in surrounding counties.
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RCI to become Wyndham Exchange; says Carmel jobs are safeRestricted Content

October 31, 2009
Anthony Schoettle
Despite a swooning economy that has hammered the time-share condominium industry over the last 18 months, Resort Condominiums International continues to outperform its market. That’s not to say there hasn’t been some pain at the company formerly headquartered in Carmel.
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Greenwood seeks $75M in stimulus funds to speed road plans, lure interchangeRestricted Content

October 31, 2009
Kathleen McLaughlin
The Johnson County community hopes an economic stimulus grant for transportation will hasten its plans to build an east-west thoroughfare and set the stage for a new Interstate 65 interchange.
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Cummins reports plunge in profit, revenue

October 30, 2009
 IBJ Staff
Cummins Inc. said profit for its fiscal third quarter fell 59 percent and sales dropped by 31 percent compared to the same period last year, though the company said its profitability and cash position improved from the second quarter.
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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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