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News & Analysis
Hancock Regional Hospital goes after Geist market
November 14, 2009
Kathleen McLaughlinThe $7.8 million medical office building in McCordsville will allow the hospital to tap patients with private insurance.
MoreFormat change likely in offing for 107.9 FM
November 13, 2009
Scott OlsonLocal radio station WNTR-FM 107.9, known as The Track, has dismissed four staff members and started playing holiday music
in what observers say is likely leading to a format change.
MoreHealth reform prods partnership of St. Vincent, OrthoIndy
November 13, 2009
J.K. WallThe specter of declining reimbursement, as well as the desire for statewide growth, lie behind St. Vincent Health's decision
to form a physician management firm with OrthoIndy and buy a minority stake in its Indiana Orthopaedic Hospital.
MoreRolls-Royce scores $11M military helicopter contract
November 13, 2009
IBJ StaffThe good news continues for Rolls-Royce Corp.'s Indianapolis operations, which this week received an $11.1 million contract
to make gas turbine engines for the Army's OH-58D Kiowa reconnaissance helicopters.
MoreSt. Vincent, OrthoIndy form partnership
November 13, 2009
IBJ StaffSt. Vincent Health has acquired a minority interest in Indiana Orthopaedic Hospital and is in discussions with OrthoIndy physicians
and other independent doctors to create a management company that would oversee orthopaedic and spine services at St. Vincent
Indianapolis. The health care providers announced the deal early Friday.
MoreRokita says GOP redistricting plan not enough
November 13, 2009
Associated PressIndiana Secretary of State Todd Rokita is pleased that state Senate Republicans have proposed changes to the way legislative
districts are drawn, but he says they don't go far enough.
MoreBarnes & Thornburg enters top 100 on list of largest law firms
November 13, 2009
Scott OlsonA spate of office openings and an acquisition have helped catapult Barnes & Thornburg LLP into the upper echelon of the nation's
largest law firms, at a time when the slumbering economy has forced most big firms to cut staff.
MoreIndiana near top in smoking survey; national rate rises
November 13, 2009
IBJ Staff and Associated PressA survey found cigarette smoking rose slightly on a national basis for the first time in almost 15 years and that Indiana
had the second highest smoking rate among states.
MoreSpeedway cuts 40 employees in latest cost-saving move
November 12, 2009
Scott OlsonA source at Indianapolis Motor Speedway said IMS laid off 40 employees Wednesday, mostly from its human resources department,
in a cost-saving move.
MoreICVA: Ad campaign helps draw more visitors to region
November 12, 2009
Scott OlsonA summer advertising campaign launched by the Indianapolis Convention & Visitors Association helped produce more visitors
and dollars for central Indiana, even though the organization spent less this year marketing the region.
MoreNational, state foreclosure filings fall
November 12, 2009
IBJ Staff and Associated PressIndiana foreclosure filings were down only 1.5 percent in October from the previous month, but have fallen a whopping 18.5
percent from October 2008.
MoreHill-Rom's fourth quarter profit exceeds expectations
November 12, 2009
IBJ StaffThe Batesville-based maker of hospital equipment reported profit of $26.4 million, or 42 cents per share, in the period ended
Sept. 30.
MoreVera Bradley gives another $10M to IU cancer center
November 12, 2009
IBJ StaffPrevious gifts from the foundation to the cancer center have been used to hire 10 researchers working on breast cancer.
MoreFortune ekes out another profit on falling revenue
November 12, 2009
Indianapolis-based Fortune Industries Inc. managed a small profit in its latest quarter, its fourth straight profitable quarter,
the company announced Thursday morning.
MoreCity program benefits veteran-owned businesses
November 11, 2009
Scott OlsonThe city's Veteran Business Enterprise program aims to increase the representation of veteran-owned businesses on city projects—an
effort that has generated $217,000 in contracts for such firms so far.
MoreDuke Realty land auction nets $1M; pricier properties go unsold
November 11, 2009
Cory SchoutenLocally based Duke Realty Corp. netted more than $1 million during a Tuesday auction of surplus development parcels in Indianapolis,
Fishers, Plainfield and Lebanon.
MoreLilly to pay Utah $24 million to settle Zyprexa suit
November 11, 2009
Eli Lilly and Co. has agreed to pay Utah $24 million to settle a lawsuit claiming the company improperly marketed the antipsychotic
drug Zyprexa.
MoreLilly, WellPoint CEOs pin hopes on Senate
November 11, 2009
J.K. WallDrugmaker and health insurer bemoan aspects of House health reform bill and hope Senate crafts more industry-friendly bill.
MoreLosses grow for EnerDel parent, but sales rise
November 11, 2009
IBJ StaffNew York-based Ener1 reported late Monday that it suffered a third quarter loss of $15.8 million.
MoreVoters OK Hamilton Southeastern school-funding tax hike
November 10, 2009
IBJ StaffVoters in the Hamilton Southeastern school district on Tuesday overwhelmingly approved a bump to their property taxes to provide
the growing system an extra $5.5 million in funding each year for the next seven years.
MoreMass Ave fine art gallery G.C. Lucas set to close
November 10, 2009
Kathleen McLaughlinGreg Lucas will be the second fine art gallery owner in Indianapolis to close shop this year. Lucas announced Tuesday that
he will close his gallery at 884 Massachusetts Ave. by year's end.
MoreRepublic Airways adding 800 workers in Milwaukee
November 10, 2009
Chris O'MalleyLocally based Republic Airways Holdings Inc. on Tuesday afternoon said it still might bring jobs to Indianapolis as part of
the digestion of its newly acquired Frontier Airlines and Midwest Airlines subsidiaries. But it looks like Milwaukee has wound
up as the biggest beneficiary.
MoreLocal man gets 37 months in mortgage-fraud scheme
November 10, 2009
Cory SchoutenA federal judge has ordered an Indianapolis man to serve 37 months in prison and pay $1.7 million in restitution for his role
in a massive mortgage fraud scheme.
MoreCICF lost more than its foundation peers in '08
November 10, 2009
Kathleen McLaughlinThe $491 million Central Indiana Community Foundation has switched investment advisers after the market crash of 2008, a year
in which it saw greater losses than many of its peers.
MoreTax credit helps boost area home sales 20 percent
November 10, 2009
Scott OlsonA federal tax credit that benefits first-time homebuyers is helping to bring home sales in the nine-county Indianapolis area
out of their funk.
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So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.
Owner occupied housing. Clear enough?
So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.
Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.
RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.