Sports Business

BENNER: Arlington girls dealt hard—but valuable—life-long lessonRestricted Content

December 15, 2012
Bill Benner
The score was 107-2. I repeat: 107-2.
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Surprise on-field success driving Colts' club-seat salesRestricted Content

December 15, 2012
Anthony Schoettle
What had looked like a bleak scenario for renewals took a positive turn thanks to wins racked up by the team and rookie quarterback Andrew Luck.
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Marian University wins national football title

December 13, 2012
Associated Press
Marian University of Indianapolis captured its first national title Thursday night in only its sixth season of football.
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CIB to consider 1-year extension with Pacers, source says

December 10, 2012
Kathleen McLaughlin
The Capital Improvement Board of Marion County is expected to seek a one-year extension of its current lease deal with Pacers Sports & Entertainment, according to a former board member and current Indianapolis city-county councilor.
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BENNER: Remembering one of the most significant handshakes in sportsRestricted Content

December 8, 2012
Bill Benner
It was the flashbulbs. That’s what he remembers. That’s what everyone remembers who witnessed the moment nearly 50 years ago in East Lansing, Mich.
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Deal to save racing show had many twists, turnsRestricted Content

December 8, 2012
Anthony Schoettle
In a matter of a few months, operators of the Performance Racing Industry show and its upstart rival, the International Motorsports Industry Show, went from being bitter rivals to merging—a deal that will return the world’s largest motorsports trade show to Indianapolis next December.
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New Hulman & Co. CEO eyes changes to resurrect open-wheel racingRestricted Content

December 8, 2012
Anthony Schoettle
New Hulman and Co. CEO Mark Miles will focus in his new role on all of Hulman & Co.’s ventures—including real estate holdings and Clabber Girl. But his biggest challenge will be turning around the money-losing IndyCar Series and bolstering one of the region’s most famous landmarks—the Indianapolis Motor Speedway.
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IndyCar releases Lotus from engine-supply contract

December 7, 2012
Associated Press
IndyCar has released Lotus from its contract, leaving Chevrolet and Honda as the only two engine suppliers for the upcoming season.
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Face-lift nearly complete at Eagle Creek golf courses

December 7, 2012
Kathleen McLaughlin
Eagle Creek Golf Club received a long-awaited face-lift this year under a contract that will rescue the city from most of its expenses stemming from the previous operator’s loan default.
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Study: Motorsports industry contributes 23,000 jobs

December 6, 2012
Scott Olson
Purdue University says jobs created by the racing sector in Indiana pay an average annual wage of nearly $63,000, well above the $39,700 state average.
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Purdue hires football coach Hazell from Kent State

December 5, 2012
Associated Press
Purdue University has hired Darrell Hazell as its new football coach. Hazell won this season's Mid-American Conference coach of the year award after leading Kent State to its first winning season since 2001.
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Big Ten football title game crowd disappoints organizers

December 4, 2012
Scott Olson
Organizers of the Big Ten football championship played in Indianapolis say they’ll consider making changes for next year’s game in an attempt to boost attendance.
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Luck apparel sales soar for MainGateRestricted Content

December 1, 2012
The rookie quarterback's jersey is No. 6 in sales among all NFL players, according to the league.
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Demand soft for Big Ten football title game tickets

November 29, 2012
Scott Olson
Organizers of the Big Ten Conference football championship game are facing third-and-long in their quest to fill Lucas Oil Stadium for Saturday night's matchup. A glut of tickets remains available on the secondary market.
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Purdue makes quick decision to fire football coach Hope

November 26, 2012
Associated Press
Purdue wants a football team that can get to the Rose Bowl, and decided Danny Hope was not the coach to take it there. Replacement names already percolating include Northern Illinois' Dave Doeren, Illinois State's Brock Spack and Ball State's Pete Lembo.
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New NBA revenue split gives Pacers cash infusionRestricted Content

November 24, 2012
Anthony Schoettle
The NBA’s new collective bargaining agreement will dramatically boost the amount of money the Indiana Pacers get from the league, but it won’t be enough to put the team in the black.
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BENNER: Big Ten follows the no-boundaries, big-money packRestricted Content

November 24, 2012
Bill Benner
It has become clear that, in the new world order of big-time intercollegiate athletics, these are the things that really matter: eyeballs.
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Miles faces tough challenge in reversing IndyCar's fortunesRestricted Content

November 24, 2012
The new CEO of Hulman & Co. gets an early vote of confidence from sponsors of open-wheel racing.
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Bush Stadium seats to live on at bus stops

November 21, 2012
 IBJ Staff
An Indianapolis not-for-profit that recycled the fabric roof of the former RCA Dome into totes, wallets and other items has found a new use for the seats once used at Bush Stadium.
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Nation’s largest motorsports trade show returning to city

November 20, 2012
Scott Olson
The Performance Racing Industry Show will return to Indianapolis for five years starting in 2013, bringing about 40,000 guests and millions of dollars of visitor spending with it.
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Rutgers follows Maryland to Big Ten, leaving Big East

November 20, 2012
Bloomberg News
Rutgers University is moving to the Big Ten Conference, ending a more than two-decade affiliation with the Big East as it looks to strengthen its athletic, financial and academic standing.
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Speedway, IndyCar owner names Miles as new CEO

November 20, 2012
Hulman & Co., which owns Indianapolis Motor Speedway and the IndyCar series, has chosen board member and local economic development leader Mark Miles as its new CEO, the firm announced Tuesday morning.
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Maryland leaving ACC to join Big Ten in 2014

November 19, 2012
Associated Press
Maryland will become the southernmost member of the Big Ten member starting in July 2014. Rutgers is expected to follow suit by Tuesday, splitting from the Big East and making it an even 14 schools in the Big Ten.
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Executives backing push to launch pro soccer teamRestricted Content

November 17, 2012
Anthony Schoettle
A group of Indianapolis business executives is laying the groundwork to launch a professional soccer team here in 2014. Members of the group won’t identify themselves, but this month they launched a website—indyprosoccer.com—seeking season-ticket commitments.
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BENNER: We have much to be thankful for on and off the fieldRestricted Content

November 17, 2012
Bill Benner
On this Thanksgiving week, I’d like to again offer gratitude for what our sports world provides, especially in a city where we are so particularly blessed.
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  1. Aaron is my fav!

  2. Let's see... $25M construction cost, they get $7.5M back from federal taxpayers, they're exempt from business property tax and use tax so that's about $2.5M PER YEAR they don't have to pay, permitting fees are cut in half for such projects, IPL will give them $4K under an incentive program, and under IPL's VFIT they'll be selling the power to IPL at 20 cents / kwh, nearly triple what a gas plant gets, about $6M / year for the 150-acre combined farms, and all of which is passed on to IPL customers. No jobs will be created either other than an handful of installers for a few weeks. Now here's the fun part...the panels (from CHINA) only cost about $5M on Alibaba, so where's the rest of the $25M going? Are they marking up the price to drive up the federal rebate? Indy Airport Solar Partners II LLC is owned by local firms Johnson-Melloh Solutions and Telemon Corp. They'll gross $6M / year in triple-rate power revenue, get another $12M next year from taxpayers for this new farm, on top of the $12M they got from taxpayers this year for the first farm, and have only laid out about $10-12M in materials plus installation labor for both farms combined, and $500K / year in annual land lease for both farms (est.). Over 15 years, that's over $70M net profit on a $12M investment, all from our wallets. What a boondoggle. It's time to wise up and give Thorium Energy your serious consideration. See http://energyfromthorium.com to learn more.

  3. Markus, I don't think a $2 Billion dollar surplus qualifies as saying we are out of money. Privatization does work. The government should only do what private industry can't or won't. What is proven is that any time the government tries to do something it costs more, comes in late and usually is lower quality.

  4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

  5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

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