News & Analysis

Fed up with Congress, Bayh will not run for third term

February 15, 2010
 IBJ Staff and Associated Press
U.S. Sen. Evan Bayh has a news conference scheduled for 2 p.m. at IUPUI's University Place Conference Center and Hotel, where he will announce that he won't run for re-election. "I  do not love Congress," he said in a prepared statement.
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Ivy Tech, IPIC snare $10M in job-training grants

February 15, 2010
 IBJ Staff
Programs will bolster job opportunities for some 1,700 Indiana workers in sectors including health care and advanced manufacturing.
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Gambling to remain an issue in General Assembly

February 13, 2010
Associated Press
Issue likely to land in House, Senate conference committee.
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Banks suing Broadbent, pushing one strip center into bankruptcy

February 13, 2010
Peter Schnitzler
Locally based Broadbent Co.’s legal battles with lenders have escalated, pushing one of its 34 strip malls into bankruptcy and prompting Huntington National Bank and PNC Bank to sue to collect principal owed on loans tied to four more.
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Local convention activity warming up during winter months

February 13, 2010
Anthony Schoettle
Once considered a destination only eight months of the year, Indianapolis—with its compact downtown and indoor walkways—is emerging as a convention powerhouse even during cold weather.
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Clarian, IU plan $100 million neurosciences center

February 13, 2010
J.K. Wall
Clarian Health and the Indiana University School of Medicine want their planned neurosciences hub to become a destination for patients suffering from brain, nerve and mental maladies—and for the government and industry research dollars that can fuel advances in care.
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Census expected to show Hamilton County tops in coveted demographics

February 13, 2010
Kathleen McLaughlin
Hamilton County is poised to become the demographic all-star of the decade. Its 269,785 residents make up the fastest-growing, most educated and wealthiest county in the state, according to estimates from the Indiana Business Research Center.
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Republic stock falls following departure of Frontier execRestricted Content

February 13, 2010
Chris O'Malley
CEO Bryan Bedford remains at the helm, but shares of Republic Airways have fallen nearly 30 percent following the departure of an executive deemed key to the operation of the regional airline’s first two branded carriers, Frontier Airlines and Midwest Airlines.
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ICVA chief: Downtown Indianapolis will need another big hotelRestricted Content

February 13, 2010
Scott Olson
The 1,000-room J.W. Marriott isn’t even finished and support already is emerging for a second downtown hotel that would rival it in size.
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PTS sues Roche Diagnostic to end blood-monitor royalties

February 13, 2010
J.K. Wall
Polymer Technology Systems Inc., a small Indianapolis-based maker of handheld blood monitors, has gone to court to fight a competitor more than 100 times its size: Roche Diagnostics Corp.
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State exporters poised to benefit from Obama effortRestricted Content

February 13, 2010
Kathleen McLaughlin
Overseas sales are a major emphasis for Indianapolis-based Peerless Pump, which makes highly engineered pumps for fire suppression, factories and waterworks. President Obama’s administration wants to help rebuild the U.S. economy by putting more companies on Peerless’ trajectory.
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East-west rail line could boost Indianapolis' coreRestricted Content

February 13, 2010
Chris O'Malley
With traffic congestion growing, the idea of sending streetcars zipping down Washington Street—from far-east-side Cumberland to Indianapolis International Airport on the west—is making a return. And the route could offer the best bang for the buck in spurring transit-oriented development.
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Development firm Sandor leaving midtown for CarmelRestricted Content

February 13, 2010
Cory Schouten
Strip-center owner and developer Sandor Development Co. is moving its headquarters to Hamilton County after almost 50 years in Indianapolis.
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IBJ Media president leaving after 30 years

February 12, 2010
Scott Olson
Chris Katterjohn told IBJ employees Friday morning that he would leave at the end of February. Katterjohn has spent 30 years with the firm, including the past 20 years as publisher of the company's flagship Indianapolis Business Journal.
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Could WellPoint woes breathe life into health reform?

February 12, 2010
J.K. Wall
The firestorm created this week by Indianapolis-based health insurer WellPoint's spike in premiums could resurrect some parts of the languishing health reform bills.
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Local investment firm sold

February 12, 2010
Indianapolis-based Redwood Investment Advisers Ltd. has been purchased by a firm in Portland, Ore. Redwood, whose clients include physicians and physician groups, has $350 million in assets under management.
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Patrick's stock-car foray wins sponsor big-dollar exposure

February 12, 2010
Anthony Schoettle
Danica Patrick's initial thrust into stock-car racing earned her sponsor $230,000 in media exposure, according to a research firm. Her next race on Feb. 13 should generate much more.
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Local officials interested in hosting NBA All-Star Game

February 12, 2010
Anthony Schoettle
With Lucas Oil Stadium and other new city amenities to show off, local sports and tourism officials are considering making a bid for the NBA's midseason blowout weekend.
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Opera chief: Group won't fold

February 12, 2010
Kathleen McLaughlin
Forced to cancel its upcoming production of "The Mikado," the Indianapolis Opera hopes more cuts will help fill a $400,000 budget gap.
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Columbia City plant to close, nixing 135 workers

February 12, 2010
 IBJ Staff and Associated Press
Fort Wayne Foundry Corp. will shutter the auto parts factory for the second time in a year, as its jobs head to Mexico, according to a union official.
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Judge weighing request to unseal Fair Finance records

February 11, 2010
 IBJ Staff
A federal judge is weighing whether to unseal search-warrant documents related to the federal investigation of businessman Tim Durham and Akron, Ohio-based Fair Finance Co. following a hearing Thursday in Youngstown, Ohio.
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Remy inks deal to supply hybrid motors to Allison

February 11, 2010
Chris O'Malley
Remy International and Allison Transmission will work together on a hybrid commercial truck program. Latest supply deal to boost Remy's Anderson factory.
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Fair Finance going along with appointment of receiver

February 11, 2010
Greg Andrews
Attorneys for the company and its parent firm denied any fraud occurred but said receivership nonetheless made sense.
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Herb Simon purchases Kirkus book review journal

February 11, 2010
Scott Olson
In a move not necessarily stranger than fiction, Herb Simon has bought Kirkus Reviews, the venerable journal of prepublication book reviews. The owner of the Indiana Pacers co-owns an independent bookstore in California and is described as a voracious reader.
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Senator backs down on bill altering historic-district rules

February 11, 2010
Cory Schouten
Sen. Patricia Miller will put on hold a bill that would have have stripped the Indianapolis Historic Preservation Commission of much of its authority. The bill was prompted by incidents including a dispute over St. John United Church of Christ.
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  1. why oh why does this state continue to elect these people....do you wonder how much was graft out of the 3.8 billion?

  2. i too think this is a great idea. I think the vision and need is there as well. But also agree with Wendy that there may be better location in our city to fulfill this vision and help grow the sports of hockey and figure skating in Indy. Also to help further develop other parts of the city that seem often forgotten. Any of the other 6 townships out side of the three northernmost could benefit greatly from a facility and a vision like this. For a vision that sounds philanthropic, the location is appears more about the money. Would really like to see it elsewhere, but still wish the development the best of luck, as we can always use more ice in the city. As for the Ice growth when they return, if schedules can be coordinated with the Fuel, what could be better than to have high level hockey available to go see every weekend of the season? Good luck with the development and the return of the Ice.

  3. How many parking spaces do they have at Ironworks? Will residents have reserved spaces or will they have to troll for a space among the people that are there at Ruth Chris & Sangiovese?

  4. You do not get speeding ticket first time you speed and this is not first time Mr.Page has speed. One act should not define a man and this one act won't. He got off with a slap on the wrist. I agree with judge no person was injured by his actions. The state was robbed of money by paying too much rent for a building and that money could have been used for social services. The Page family maybe "generous" with their money but for most part all of it is dirty money that he obtained for sources that are not on the upright. Page is the kind of lawyer that gives lawyers a bad name. He paid off this judge like he has many other tine and walked away. Does he still have his license. I believe so. Hire him to get you confiscated drug money back. He will. It will cost you.

  5. I remain amazed at the level of expertise of the average Internet Television Executive. Obviously they have all the answers and know the business inside and out.

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