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Barter network Tradebank opens branch in Indianapolis

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The barter network Tradebank has opened a franchise in Indianapolis with two veterans from Louisville.

Co-owners Lavonda Henry and Charlene Lawrence plan to serve an eight-county region but will focus first on Hendricks County and Greenwood. They are renting their office in Plainfield from Yeager Properties through trade, of course.

Henry acknowledged the typical client, a restaurant-owner or other small business, might be too strapped for cash to pay for membership and other fees that come with formal barter networks. She hopes to counter that hesitation by accepting the $425 joining fee, or “retainer,” in trade. “That’s the business we’re in,” she said.

Henry previously started an independent barter network in Louisville and sold the business to a Tradebank franchisee in that market. Indianapolis is so far the northernmost franchise for Tradebank, based in Lawrenceville, Ga., she said. The company is looking for franchisees to enter Chicago and Cincinnati.

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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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