News & Analysis

Frozen-food firm plans to add 350 jobs at New Albany plant

November 10, 2009
 IBJ Staff
New Albany-based Kemper Foods International LLC announced Tuesday morning that it will expand its food-production center in southeast Indiana, creating more than 350 new jobs by 2012.
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Van Rooy scoops up troubled complex

November 10, 2009
Tom Harton
Van Rooy Properties plans to spend $5.5 million renovating a 277-unit west side apartment complex that it acquired a month ago in an unusual deal.
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Noble Roman's reports profit despite lower revenue

November 10, 2009
Andrea Muirragui Davis
Indianapolis-based Noble Roman's Inc. said late Monday that it posted a third-quarter profit of $459,535, or 2 cents per share—a 44-percent improvement over the same period last year. But revenue for the quarter fell to $1.9 million, from $2.2 million in 2008.
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Duke Realty's chief operating officer resigns

November 9, 2009
 IBJ Staff and Associated Press
Indianapolis-based Duke Realty Corp. announced Monday that its chief operating officer will leave the company at the end of the year.
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Major stock indexes climb to yearly highs

November 9, 2009
Associated Press
Major stock indexes rose as much as 2 percent, including the Dow Jones industrial average, which jumped 203 points.
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CIB may accept $27 million state loan after all

November 9, 2009
Scott Olson
The Indianapolis Capital Improvement Board likely will accept a state loan providing $27 million over three years to help shore up its fragile financial situation.
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CIB finances improving, though concerns remain

November 9, 2009
Scott Olson
Approaching the end of 2009, Indianapolis' cash-strapped Capital Improvement Board is on much more solid financial footing.
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Arcadia adds Goldsmith to board, seeks $11M in offering

November 9, 2009
J.K. Wall
Indianapolis-based Arcadia Resources Inc. has added former Indianapolis Mayor Steve Goldsmith to its board and plans to raise $11.1 million in a registered direct stock offering.
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Supreme Court to hear gambler's suit

November 8, 2009
Associated Press
The Indiana Supreme Court will hear arguments this week on whether an Ohio River casino should have allowed a compulsive gambler to play and lose $125,000 in a single night.
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Indiana voters trending against schools in tax votes

November 7, 2009
Associated Press
Indiana voters seem willing to pay more in property taxes to help school districts cover operating costs. The results of last week's referendums, however, continue the trend against supporting plans for bigger, better schools during tough economic times.
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Allen Plaza developer bullish on downtown, eager for next project

November 7, 2009
Cory Schouten
J. Greg Allen sees the $14 million Allen Plaza renovation as a message to city leaders that he intends to leave a lasting mark on downtown.
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Struggling Bioanalytical Systems adds outsider to boardRestricted Content

November 7, 2009
Peter Schnitzler
Shareholders are starting to make inroads in their effort to turn struggling West Lafayette-based Bioanalytical Systems Inc. in a new direction.
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New design of bridge girder is huge, strongRestricted Content

November 7, 2009
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Catholic-owned builder edges into IndianapolisRestricted Content

November 7, 2009
Norm Heikens
When Sisters of St. Francis Health Services Inc. bought Tonn and Blank Construction Co. in 1998, more than one employee of the Michigan City firm wondered what it would be like to be run by a Roman Catholic order that not only owned a string of Midwestern hospitals but also traced its spiritual heritage to a 12th century mystic.
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Speaker-maker Klipsch making noise in earphone niche

November 7, 2009
Kathleen McLaughlin
Making money in earphones will require higher sales volumes, but Klipsch CEO Fred Klipsch thinks there are plenty more consumers left for his company to tap.
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IUPUI mulling options for old Wishard Hospital siteRestricted Content

November 7, 2009
J.K. Wall
The most obvious use for the old Wishard site is an expansion of the Indiana University School of Medicine, particularly for medical research space, university administrators said.
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IURC conducts review of Centennial's telecom serviceRestricted Content

November 7, 2009
Chris O'Malley
Every neighborhood has its battles, but the 1,017-resident Centennial subdivision in Westfield is embroiled in one of the most unusual: a very public fight over the adequacy of its phone, Internet and video service.
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Critics: NCAA's reselling of suites out of sync with scalping ban

November 7, 2009
Anthony Schoettle
Lucas Oil Stadium suite holders are upset that the NCAA is taking their luxury boxes for the men’s basketball Final Four in April and reselling them on the secondary—or scalpers—market.
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Horizon League wins acclaim for its Web-based sports networkRestricted Content

November 7, 2009
Anthony Schoettle
Horizon League Commissioner Jon LeCrone never envisioned himself getting into the television business. But that changed in 2004 when he saw a Butler University women’s basketball game being aired on a laptop computer.
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Sestertii Solar leasing panels to make solar power more affordableRestricted Content

November 7, 2009
Chris O'Malley
The electricity they generate may be free, but most home- and business-owners can’t justify the upfront cost of solar panels. A price tag of $25,000 to $50,000 for a modest system puts the cost close to luxury car territory.
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A peek at the future: Nature Conservancy's 'green' HQ

November 7, 2009
Cory Schouten
Work is on schedule for a new headquarters for The Nature Conservancy of Indiana, which includes a variety of first-in-Indianapolis "green" features. Tour the building through IBJ's narrated slideshow.
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Companies reap rewards on irrigation investmentsRestricted Content

November 7, 2009
Brock Benefiel
Mike’s Express Carwash uses a lot of water. There’s just no getting around it. So when automated systems engineer Ryan Binkley looked for ways to conserve resources, he focused on the company’s irrigation systems.
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Suburban counties building outer loop to avoid Indianapolis

November 7, 2009
Chris O'Malley
Counties wanting to speed traffic among suburbs are building highways to avoid having to travel into Indianapolis. The result, a 100-mile outer loop beyond Interstate 465, won't be completed for years, and it won't be built to consistent standards, but it might help ease congestion.
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Daniels announces more cuts as state revenue falls again

November 6, 2009
 IBJ Staff and Associated Press
Indiana Gov. Mitch Daniels on Friday announced a series of spending cuts and other steps designed to offset a continuing multimillion-dollar decline in state revenues. If the trend continues without spending cuts, he said, Indiana's reserves would be wiped out by next August.
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Telecom supplier Telamon hopes to 'ignite' racing industry

November 6, 2009
Scott Olson
Carmel-based Telamon Corp. rose to become one of the largest minority-owned businesses in the area largely by serving telecommunications giants. Now it is veering off its traditional course to supply racing teams with an ethanol-based fuel made from Indiana corn.
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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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