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News & Analysis
Boot, apparel sales boost Shoe Carnival profit
November 20, 2009
Shoe Carnival Inc.'s quarterly same-store sales, which measure revenue from locations open at least a year, climbed 10.2 percent.
MoreLocal SBA lending dropped 17 percent in 2009
November 20, 2009
Mason KingLocal loans issued through the Small Business Administration's popular 7(a) guarantee program plunged by an astonishing 64
percent for three of the city's four largest banks during 2009, while overall lending in the program slipped 17 percent in
the metro area.
MoreEmmis loses license to operate Hungarian station
November 19, 2009
Hungarian officials took off the air Wednesday a national radio station operated by Emmis Communications Inc. and awarded
the license to one of the country’s political parties.
MoreSpeedway breaks ground on redevelopment project
November 19, 2009
Scott OlsonSpeedway officials broke ground Thursday morning on the first phase of a $500 million redevelopment project they hope will transform the small town into a year-round racing-themed destination.
Computer woes slow air traffic across the nation
November 19, 2009
Associated PressThe Federal Aviation Administration said the problem was fixed about 10 a.m. Thursday, but it was unclear how long flights
would continue to be delayed. Dozens of flights to Indianapolis International Airport have been affected.
MoreConseco plans new stock offering
November 19, 2009
IBJ StaffConseco Inc. plans to sell about $230 million in stock and use half of the net proceeds to repay debt under its senior credit
agreement.
MoreEgg industry debates ethics of cage sizes
November 19, 2009
IBJ Staff and Associated PressThe answers could have big implications for the egg industry, which counts Indiana as one of its leading producers. The Hoosier
state ranked third in egg production in 2008, trailing only Iowa and Ohio.
MoreFinancial flexibility drew Civic Theatre to Carmel center
November 19, 2009
Kathleen McLaughlinThe 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.
MorePremier Properties founder gets home detention for fraud
November 18, 2009
Cory SchoutenA judge on Wednesday afternoon sentenced Christopher P. White to one year on home detention and three years of probation in
connection with a $500,000 bad check he wrote last year as he tried to save his real estate development firm, Premier Properties
USA Inc.
MoreState lands $4 million grant to aid autoworkers
November 18, 2009
The U.S. Department of Labor awarded the Indiana Department of Workforce Development a $4 million grant on Wednesday to help
autoworkers transition into alternate careers.
MoreInlow estate decision reversed by high court
November 18, 2009
Jennifer Nelson / The Indiana LawyerThe Indiana Supreme Court on Wednesday delivered some good news to the widow of former Conseco Inc. Chief Counsel Lawrence
Inlow, reversing a lower court’s order that she pay his estate $284,034 for funeral expenses.
MoreConner Prairie reports rising attendance, revenue
November 18, 2009
Scott OlsonConner Prairie is ending 2009 in relatively better health than last year, as attendance and revenues are up at the same time
donations are lagging, executives of the living history museum said Wednesday.
MoreLilly stock droops after rival claims faster-acting impotence pill
November 18, 2009
IBJ StaffCalifornia-based Vivus claims its drug acts in 30 minutes, compared with about 2 hours for Lilly's Cialis.
MoreGreenwood closer to annexing portions of township
November 18, 2009
A proposal to incorporate portions of White River Township into the city of Greenwood passed a major hurdle on Tuesday.
MoreLilly Endowment boosts emergency fund by $1M
November 18, 2009
Kathleen McLaughlinThe fund has helped more than 6,000 households in six counties pay for housing, utilities and food.
MoreElectric car maker plans Indiana manufacturing plant
November 18, 2009
IBJ StaffNorwegian electric car maker Think Global will locate its U.S. manufacturing facility in Indiana, Reuters reported Tuesday,
citing information from a major investor in the company.
MoreSimon exploring bid to purchase rival General Growth
November 18, 2009
General Growth is the second-largest U.S. mall owner, trailing only Indianapolis-based Simon Property Group, with more than
200 regional malls in 44 states.
MoreCivic Theatre confirms plans to relocate to Carmel
November 17, 2009
IBJ StaffIndianapolis 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.
MoreLawrence Township exploring fire department merger
November 17, 2009
A Lawrence Township trustee is proposing to merge the township’s fire department with the Indianapolis Fire Department,
in an attempt to further reduce its operating deficit.
MoreCutbacks help Remy improve quarterly profit
November 17, 2009
Auto parts maker Remy International Inc. said Monday that profit rose to $16.5 million in the third quarter, up from $4.3
million in the same quarter a year ago, as the company cut staff and pay to compensate for lagging sales.
MoreAuthorHouse 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.
MoreSymphony reports record shortfall of $2.8 million
November 16, 2009
Kathleen McLaughlinIndianapolis Symphony Orchestra CEO Simon Crookall said he's expecting a smaller but still significant gap of $1.3 million
in the 2010 budget year.
MoreProperty tax-cap issue could dominate next Indiana Legislature
November 16, 2009
Scott OlsonLawmakers meet Tuesday for Organizational Day and will begin debating measures Jan. 5 when the Legislature officially convenes
for a short session.
MoreFailed jewelry retailer to sell millions in inventory
November 16, 2009
Greg AndrewsAn old-line Indianapolis jewelry business has shut down, setting the stage for the sale of millions of dollars in remaining
inventory through auctions planned in Indianapolis, Chicago, Miami and Naples, Fla.
MoreBiz interests expect tax issues to vex Legislature
November 16, 2009
Scott OlsonIncreases in property and payroll taxes are among the key issues again confronting the business community when the General
Assembly convenes in January.
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Doug Henning!
These guy were thugs — they grew up in freaking Haughville! Smh, sigh. If the mayor needs/wants "quality" Black Hoosiers who are NOT corrupt, give me a call — I know plenty. Land bank info here - http://www.kubepharm.com/indylandbank/IndyLandBank.html
Magician and illusionist!
The basic idea of nice apartments with parking and retail is a good one, but this design seems overwhelmingly big/tall for Broad Ripple. The size could be disguised a bit with lots of big trees/landscaping, but the complex is too massive to blend in easily. That section of canal between College and Westfield will also need to be upgraded on both sides. Nice apartments facing onto a nice promenade with shade trees/plantings could bring together the canal towpath/Monon recreation, the outdoor seating at existing restaurants, and this project into something that upgrades the whole area. A plan for the whole stretch makes more sense than facing nice new housing onto what looks like a ditch. Is there a plan? Does the public have input? Who pays? The apartment idea seems to be reasonable, but Whole Foods is not a good idea for appropriate retail. Besides the store being physically too big, there are already Fresh Market at 54xCollege and Whole Foods in Nora for fancy groceries. Good Earth and Kroger are within walking distance of the Shell site. There are at least 7 grocery stores within a safe bike ride. Whole Foods would add nothing but traffic congestion. This design is on the right track, but there needs to be more work done to ensure that it blends in with and enhances the existing community. A project that large will set a tone for that whole part of town. It could be a real asset, but only if done right.
I did not move to Zionsville to live in Carmel. This and the subsequent developments to follow will ensure a vanilla uniformity of strip malls and apartment buildings as we seek to bring our town down to the least common denominator. We were warned before recent elections that pro-development council members would make sure their friends (landowners and developers) would be able to make their millions off of the exploitation of Zionsville. Why in God's name would we sell out the best preserved small town in the State of Indiana?