Indiana Live owners miss interest payment

November 4, 2010
 IBJ Staff and Bloomberg News
The owners of Indiana Live racetrack and casino failed to make an interest payment due Nov. 1 on $375 million in debt, providing additional fodder for credit analysts already worried about its financial condition.

Indiana Live swamped by debt, faces potential default

October 16, 2010
Francesca Jarosz
Owners of the Indiana Live racetrack and casino face an interest payment on the lion’s share of their $544 million in debt next month, as credit analysts continue fretting about the company’s ability to pay its bills.

State auto jobs creeping up againRestricted Content

October 2, 2010
Kathleen McLaughlin
Employment in Indiana’s auto industry has stabilized, and manufacturers even are hiring in small numbers. Hoosier automakers and parts suppliers added 10,000 workers this year through August, bringing total employment in the sector to 100,400.

Indiana Downs cancels horse races after complaints

August 4, 2010
 IBJ Staff and Associated Press
The Shelbyville track's final race on Monday was canceled after a horse pulled up lame and was later euthanized. The track canceled its full card of Tuesday races.

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.

Shelbyville man sentenced for ripping off employer

June 17, 2010
John K. Branam was sentenced to 57 months in prison after pleading guilty to embezzling $1.6 million over four years from King’s Title & Abstract Shelbyville.

Carbon Motors' prototype cop car is crammed with technology

April 17, 2010
Norm Heikens
Carbon_WatchVideoThe specialized vehicle can read license plates, sniff for weapons of mass destruction and see people and animals in the dark.

Shelbyville insulation company laying off 100 workers

April 8, 2010
Knauf Insulation will idle employees in June for at least six months, as demand for its building products remains soft.

Former Shelbyville office manager charged with embezzlement

April 1, 2010
Federal prosecutors allege man embezzled $1.6 million from a title insurance company.

Shelbyville tech park keeps tax incentives

February 5, 2010
Kathleen McLaughlin
State officials are giving Shelbyville's struggling Intelliplex business park another chance to use tax incentives to land new companies and high-paying jobs.

Knauf fills new CEO position

January 20, 2010
Knauf Insulation in Shelbyville appoints a company executive to its newly created position of CEO of North American operations.

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.

Kansas City out of running for Harley-Davidson plant

September 1, 2009
 IBJ Staff
Central Indiana’s chances for landing a Harley-Davidson motorcycle plant have been improved by the elimination of Kansas City from the list of potential sites.

Shelbyville struggles to reach tech park goalsRestricted Content

August 29, 2009
Kathleen McLaughlin
Despite recent investment by Major Health Partners, Shelbyville’s technology park is about as far from meeting state standards as it was two years ago.

MillerWhite signs deal with Shelby County Development Corp.

August 24, 2009
 IBJ Staff
MillerWhite LLC, an Indianapolis-based marketing and communications firm, recently signed a deal to produce a new logo, tag line and Web site for the Shelby County Development Corp., a Shelbyville-based economic development organization.

Casino-tax controversy lit fire under residents of Fairland, a long-forgotten townRestricted Content

April 20, 2009
Kathleen McLaughlin
With a town government behind them, Fairland-area residents hope any future growth will be to their benefit.

Recession forces Shelby County's largest employer to cut workersRestricted Content

December 15, 2008
Knauf Insulation is cutting 11 percent of its work force in Shelbyville as the recession prolongs the housing downturn that began two years ago.

As workers lose jobs, Shelbyville hospital loses moneyRestricted Content

November 17, 2008
Because major employers in Shelby County have laid off workers, Major Hospital isn't getting as much income from employer-based medical insurance plans.

Two central Indiana racinos debut amid tough economyRestricted Content

June 2, 2008
Peter Schnitzler
The next few weeks will be critical for the state's two new racinos, which need to open with a splash to meet their ambitious projections of drawing more than 3 million visitors apiece annually. Hoosier Park in Anderson will open June 2, and Indiana Downs in Shelbyville will follow a week later.

IEDC ups pressure on Shelbyville's Intelliplex parkRestricted Content

October 15, 2007
Peter Schnitzler
Shelbyville leaders and residents are grumbling about restrictions the Indiana Economic Development Corp. just slapped on Intelliplex, their $22.8 million certified technology park.

Indiana Downs buyout nearing finish lineRestricted Content

August 6, 2007
Peter Schnitzler
The high-stakes competition for control of Indiana Downs has entered the homestretch. And South Bend-based Oliver Racing LLC is poised to win.

Racinos may push gambling's limitsRestricted Content

May 14, 2007
Peter Schnitzler
During their first half-decade in operation, the state's casino slots machines grew their total sales to $22 billion, according to Indiana Gaming Commission records. But in the last five years, slot sales grew just 18 percent, reaching $25.9 billion in 2006. That's what business textbooks call a maturing market.
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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.