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News & Analysis
City Market board sought 3-year closure for redevelopment
November 3, 2009
Peter SchnitzlerBoard president says he quit after Indianapolis Mayor Greg Ballard declined proposal to shut down historic landmark until
2013 for major renovation.
MoreBrake manufacturer closure costs 118 jobs
November 3, 2009
Carlisle Industrial Brake and Friction has notified the state that it will close a manufacturing plant in Logansport, resulting
in the loss of 118 jobs.
MoreGreensburg manufacturer sold, jobs moving to Oklahoma
November 3, 2009
The Autoquip Corp. has completed its acquisition of American Lifts in Greensburg and will be moving nearly 50 jobs to company
headquarters in Guthrie, Okla.
MoreWishard receives $6 million gift from Fairbanks
November 3, 2009
The Wishard Foundation said it has received a $6 million grant from the Richard M. Fairbanks Foundation that will be used
to help fund construction of a new Wishard Hospital, if Marion County voters approve the project.
MoreProperties in play along Market Street
November 3, 2009
Tom HartonFour properties for sale along a two-block stretch of East Market Street downtown are likely to offer the first signs of what’s
in store for an area real estate brokers think will get a boost from the recent removal of the Market Street interstate ramp.
MoreLilly reducing sales force by 191 as part of larger restructuring
November 2, 2009
Eli Lilly and Co. has notified the state that it plans to eliminate 191 sales jobs as part of a company-wide restructuring
announced
in September
that ultimately will result in 5,500 job cuts by the end of 2011.
MoreFirst 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.
MoreOhio casino question could affect Indiana
November 2, 2009
IBJ Staff and Associated PressOhio voters are poised to weigh in on a ballot question that would authorize casinos in Cincinnati, Cleveland, Columbus and
Toledo.
MoreWishard hopes to overcome taxpayer skepticism in referendum
November 2, 2009
J.K. WallTuesday's vote will determine if Marion County Health & Hospital Corp. can sell up to $703 million in taxpayer-backed bonds
to replace the county-owned hospital.
MoreIndiana students excel in some types of math
October 31, 2009
Scott OlsonIndiana schools are making huge strides in teaching students math required for careers in science, engineering and information
technology jobs. But education experts point to stagnant test scores on national math exams as confirmation that many students
still are not excelling, or are not even proficient, in the subject.
MoreHealth insurer Anthem's market share swells
October 31, 2009
J.K. WallIndianapolis-based WellPoint Inc.'s Anthem Blue Cross and Blue Shield subsidiary claimed 42.5 percent of central Indiana residents
covered by private health insurance
this year, up from 35-percent last year, according to a market research firm.
MoreEconomic turmoil hasn't shaken up local banks' market shares
October 31, 2009
Peter SchnitzlerOne of the toughest runs for the finance industry since the Great Depression didn’t lead to a major shakeup in Indianapolis’
banking landscape. Substitute PNC’s brand for National City’s, and the top eight positions remain unchanged.
MoreGreenwood seeks $75M in stimulus funds to speed road plans, lure interchange
October 31, 2009
Kathleen McLaughlinThe 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.
MoreAnderson gas-station chain sues BP after 32-store deal sours
October 31, 2009
Peter SchnitzlerRicker Oil's Oct. 22 suit claims British petroleum giant BP is charging unjustified royalty fees while delivering no boost
from its national advertising, its proprietary IT system or its bulk purchase pricing.
MoreGovernor still mulling creation of new Indiana 'heritage' agency
October 31, 2009
Kathleen McLaughlinThe idea of merging the State Library, Indiana State Museum and several other history-related entities into one new agency
is still
on the table, a state representative said.
MoreStudy recommends upgrades for public transportation in counties surrounding Indianapolis
October 31, 2009
Chris O'MalleyIndyGo, 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.
MoreTechPoint to focus on IT firms specializing in medical, life sciences sectors
October 31, 2009
Chris O'MalleyLong tracking the emergence of information technology firms involved in the health and life sciences sector, the state’s
IT trade group, TechPoint, is undergoing a mitosis of sorts to help fuel the trend. It has created Advancing
Life Science & Health Care Information Technology, or ALHIT, which will focus on growing this subset of the IT realm.
MoreRCI to become Wyndham Exchange; says Carmel jobs are safe
October 31, 2009
Anthony SchoettleDespite 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.
MoreState's college graduation rates bedevil education experts
October 31, 2009
J.K. WallJust over half of students at state-supported, four-year institutions in Indiana graduate within six years—a tremendous
waste of resources by both students and taxpayers. The number of citizens with bachelor’s degrees is one of the surest
indicators of economic success in a 21st century economy driven less by workers’ hands
and more by their heads.
MoreClarian restarts construction on hospital in Fishers
October 30, 2009
J.K. WallClarian Health has resumed construction on its Saxony Medical Center in Fishers after an 8-month hiatus, the Indianapolis-based
hospital system announced Friday.
MoreDowntown upscale eateries cancel their lunch plans
October 30, 2009
Mason KingWhile fast food remains a favorite for value-minded patrons, several higher-end restaurants in the Mile Square and its nearby
environs have decided in the last year to pull the tablecloth out from under their lunch service.
MoreDeveloper buying Fountain Square building; museum lined up as tenant
October 30, 2009
Kathleen McLaughlinArchitect and developer Craig Von Deylen hopes to close by next week on the purchase of the Murphy Arts Center in Fountain
Square and is in the process of signing new tenants, including the Indianapolis Museum of Contemporary Art.
MoreState rejects high bid for 19-acre parcel near downtown
October 30, 2009
Cory SchoutenThe Indiana Finance Authority declined to sell a 19-acre development parcel between the White River and Fall Creek near downtown
Indianapolis after it received only two bids at an auction Thursday.
MoreCummins reports plunge in profit, revenue
October 30, 2009
IBJ StaffCummins 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.
MoreSimon reports slight improvement in quarterly results
October 30, 2009
Cory SchoutenSimon Property Group Inc. reported slightly higher funds from operation for its fiscal third quarter, but FFO fell on a per-share
basis thanks to the company's issuance of more than 50 million new shares so far this year.
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It's also across the street from Fogo de Chao and Morton's....
Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
David Copperfield! I remember watching his specials on TV when I was little.
Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.