Year in Review

Ballard pulls off long-shot campaign, defeats PetersonRestricted Content

December 31, 2007
Peter Schnitzler
In early 2007, many expected Marion County Republicans to punt on the chance to unseat Democratic Mayor Bart Peterson. After all, the two-term incumbent had high approval ratings and a campaign war chest of $2.5 million. Attractive GOP candidates willing to embrace the challenge were in short supply.
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First Indiana sells bankRestricted Content

December 31, 2007
Cory Schouten
Indiana's largest locally based bank, First Indiana Corp., decided to end 92 years of independence in 2007, agreeing in July to sell itself to Milwaukee-based Marshall & Ilsley Corp. for $529 million in cash, or $32 a share.
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Developers roll out barrage of projectsRestricted Content

December 31, 2007
Cory Schouten
It was a big year for downtown development proposals. Two in particular grabbed headlines: Legends District SoDo and Penn Centre.
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Developers have new plans for cornerRestricted Content

December 31, 2007
Cory Schouten
The retail juggernaut at 86th Street and Keystone Avenue could get even stronger in the next several years. Locally based Premier Properties USA Inc. revealed plans in 2007 for a $750 million redevelopment of a prime corner near The Fashion Mall at Keystone.
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Residential real estate market follows nation into slumpRestricted Content

December 31, 2007
Cory Schouten
For most of this decade, the Indianapolis residential real estate market enjoyed a good run. But in 2007 it muddled through the doldrums just like the rest of the country, and builders pulled out all the stops to avoid getting stuck with inventory.
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Colts win Super Bowl; city loses bid to hostRestricted Content

December 31, 2007
Anthony Schoettle
Despite a mammoth effort by city leaders, which included raising $25 million from the corporate community, Indianapolis lost to Dallas the right to host the 2011 Super Bowl.
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Taurel passes the batonRestricted Content

December 31, 2007
J.K. Wall
A new leader will guide the city's largest company in 2008, with some of the biggest challenges in its history on the horizon. Eli Lilly and Co. announced Dec. 18 that CEO Sidney Taurel will step down March 31 and will be replaced by President John C. Lechleiter, who has been the heir apparent for more than two years.
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Braly gains prestige--fastRestricted Content

December 31, 2007
J.K. Wall
At the beginning of 2007, few people outside WellPoint Inc. had even heard of Angela Braly. Nine months later, Fortune magazine named her the fourth most powerful woman in business.
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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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