Indianapolis International Airport officials hope to double advertising revenue, pushing it past $1 million, when the midfield terminal opens in November. That income, officials said, is important because it helps ease pressure on cash-strapped airlines, allowing them to focus on offering more flights. The airport relies on non-airline revenue, such as food sales and advertising, for about 60 percent of its revenue.
Regional economic development experts say cities must woo talented people while they're young--in their 20s or early 30s--because, after that age, people tend to hunker down. The Indianapolis area apparently appeals to at least two key groups of young people--particularly those already married, according to a new study by researchers at IUPUI.
These days, many Indianapolis arts organizations barely know where their next dollar will come from. But an innovative fund-raising model that's found success in other cities might provide that sorely needed cash. In Cincinnati, a venerable not-for-profit called the United Arts Fund, founded in 1927, stages an annual workplace campaign, then doles out the bountiful proceeds to local arts organizations.
Republican Gov. Mitch Daniels is building his campaign for re-election in part on another attempt to cash in a jackpot on the Hoosier Lottery. This time, he's hedging his bet. In case leasing the Hoosier Lottery outright to a private operator is politically impossible, Daniels is exploring a major bond issue backed by its future revenue.
Fans walking into the Indianapolis Motor Speedway for the First MotoGP race there Sept. 14 likely won't recognize the place. Sponsor ads will hang on the inside walls of the track. There will be a host of companies in the hospitality area--including Yamaha, Kawasaki, Ducati and Repsol--that have never set foot inside the Speedway's grounds. The motorcycle-specific nature of the Red Bull Indianapolis GP will permeate every facet of the event and affects all elements of the host city's planning.
Cities and counties are looking for alternatives to asphalt as the price soars for the oil-based material and threatens to bring paving projects and contractors skidding to a halt. The city of Indianapolis may have just found one viable alternative that goes down like asphalt: roller-compacted concrete, or "rollcrete."
Five airlines at Indianapolis International Airport--all of them paying higher fees and rents to help pay for the $1.1 billion midfield terminal--complain they may be stuck footing the bill for part of the $214 million FedEx cargo-hub expansion.
Buyers in Seattle, Milwaukee and even Bloomington have snapped up new cottage homes in developments that turn the McMansion trend on its dormer-decorated head. But will Indianapolis buyers have a similar appetite for the tiny energy-efficient homes clustered around community greens? A local developer is betting they will.
Doug Logan, new CEO of locally based USA Track & Field, knows the organization's challenges reach beyond the disappointments of dropped batons at last month's Beijing Olympics. He wants to review the sport from top to bottom, and plans to announce in the next few weeks formation of a task force that will look at everything from team training camps and the time of the Olympic trials, to forming a series of events in the United States culminating in a series championship.
Organizers of the inaugural World Class Driving Festival at the West Baden Springs Hotel Sept. 3-7 hope to put Indiana on the map when it comes to exotic cars and potentially lucrative business opportunities surrounding the accompanying lifestyle.
Since its origins as the Widows and Orphans Asylum in 1851, the Children's Bureau has been working to fix broken families in Indianapolis. Now the local not-for-profit has expanded its reach into 37 Indiana counties--growing its budget 22 percent in the process. But the agency remains focused on Marion County, where it's building a $9.2 million service center at 16th and Dr. Martin Luther King Jr. streets.
Almost a full year after a fire in a single exhibit closed the NCAA Hall of Champions, the wait for the college sports museum's reopening is becoming as prolonged and agonizing as sitting through a college football game during a freezing November rain. The NCAA is apparently in no hurry to relieve the suspense.
Continental Enterprises, an intellectual property consulting firm, launched a service this summer to help area high schools register their logos, names and mascots as trademarks and establish licensing programs, assuring that schools will get a cut of all merchandise sales bearing their mark. This month, North Central High School, one of the state's largest, signed with Continental, and six to eight more schools are expected to follow suit within 60 days.
Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its rampant crime, boarded-up homes and vacant lots. But as he's constructed a slew of homes and carriage houses there, the local builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.
From 1979 to 1982, IUPUI inherited three world-class athletic facilities that have since hosted Olympic trials and world-record performances by top-flight amateur and professional athletes. But that inheritance has turned into a financial albatross around the university's neck. It's grappling with how to pay for their upkeep and the improvements necessary to keep the facilities--and the city--in the hunt for high-profile sporting events.
Officials for Lucas Oil Products Inc. are imploring fans and media not to refer to the team's new stadium as The Luke, a nickname that has cropped up on sports talk radio shows and been repeated in print and on TV. The nickname seems to be gaining momentum, and that doesn't sit well with Lucas brass already playing defense against New Jersey-based Lukoil Co. California based-Lucas Oil signed a 20-year, $121.5 million naming-rights deal for the Colts' new stadium.
Six current and former University of Indianapolis professors who in late 2006 alleged business school dean Mitch Shapiro violated hiring practices and created a hostile work environment got what they wanted last month.
Longtime sports/talk station WNDE-AM 1260 has beaten back newcomer WFNI-AM 1070 in a critical listener demographic despite WFNI's extensive promotion of hosts Eddie White and Indianapolis Star sports columnist Bob Kravitz.
Come Sept. 19, Nordstrom Inc.'s got a brand new bag--and, well, shoes, hat and ensemble to match--as the department store opens a second Indianapolis location, in the Fashion Mall at Keystone. Residing in Parisian's former quarters, the new store is poised to burnish the mall's reputation as the region's highest-end shopping destination.
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Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.
It hurts me that Indianapolis is turning into Chicago south with the rampant corruption that exists in our local government. Favors and money being passed back and forth like candy.
With Kravitz's huge ego I'm sure he would be confident in his ability to lower the quality of arts coverage to the mediocre level to which the STAR aspires overall. Besides, coverage of the arts is largely nonideological and requires that opinion be based on knowledge, which would disqualify the vast majority of the dwindling staff.
I wonder which of the altruistic industry/civic leaders who are promoting this plan have tied up cheap land purchase options on the "prime waterfront real estate" surrounding this future reservoir?
I'm sorry but what are Abdul's credentials for giving legal advice and opinions? Paul Ogden and Gary Welsh would be much better candidates.