Indianapolis Business Journal

APRIL 16-22, 2012

This week, read more about Joseph Bilby's big promises to charities in Indianapolis and elsewhere. Also, see how WISH-TV turns the Mini Marathon into a made-for-TV drama, and find out how Indiana Artisan is expanding its reach. In Focus, we share planners' ambitious vision for downtown Indianapolis. And in A&E, Lou Harry reviews Broadway's "Magic/Bird."

Front PageBack to Top

Bank of Indiana on long journey back from brink

A fast-growing Indianapolis bank that became one of the biggest U.S. Small Business Administration lenders in the state has returned to profitability after a harrowing stretch of massive losses from borrower defaults that nearly led to its failure.

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Loss of St. Francis puts Beech Grove at crossroads

There is a mix of sadness, grief and anger in Beech Grove, as Franciscan Alliance moves the last of its inpatient and emergency operations from its nearly 100-year-old Beech Grove hospital to the new Franciscan St. Francis facility at Stop 11 Road and Emerson Avenue.

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Top StoriesBack to Top

Funding challenges sideline not-for-profit award program

The Indiana Achievement Awards is going on what organizers called a “sabbatical,” though its return isn’t guaranteed. The change is the result of a loss in grant funding for all not-for-profit programs at the IUPUI Solution Center, which organized the awards.

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FocusBack to Top

Plan envisions hot growth for downtown Indianapolis

A study commissioned by the office of Mayor Greg Ballard envisions a much more densely populated, walkable downtown core stretched by several blocks and supported by another Circle Centre mall's worth of retail and enough new office space to double the size of Chase Tower.

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OpinionBack to Top

EDITORIAL: Silver linings to April’s slow start

The Indianapolis jobs picture is brighter than previous reports indicated. Revised data provided by the federal Bureau of Labor Statistics last month revealed the metro area had about 15,000 more jobs than previously reported and ended the year on a roll.

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BAKER: Women are still underpaid

April 17 is Equal Pay Day, a day that marks the wage gap—the number of days into the year women have to work, in addition to last year, to earn the same amount of money men made last year.

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In BriefBack to Top

Simon CEO lands $137 million in compensation

David Simon must remain CEO of Indianapolis-based Simon Property Group for at least six years to see any of the $120 million in special stock awards the company’s board of directors awarded him last year, and must stay on eight years to reap the full amount.

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Board delays decision on Broad Ripple parking garage

An attorney for Keystone Construction Corp. asked the five-member board to delay a hearing on the garage to allow the developer to meet with officials from the City of Indianapolis’ Department of Public Works about construction of a levee system along White River.

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PROXY CORNER: Kite Realty Group Trust

Indianapolis-based Kite Realty Group Trust is a real estate investment trust, engages in the development, construction, acquisition, ownership and operation of shopping centers in the United States.

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