Indianapolis Business Journal

AUGUST 17-23, 2009

This week in business news...
From a glut of office space to Indy's own Max Schumacher and his legendary run as chairman and president of the Indianapolis Indian's there's a lot going on in the business world in Central Indiana. The struggles of the once proud Marsh family have been well-documented, and continue with David Marsh's Geist mansion in question...and don't miss Lou Harry's take on the Indiana State Fair and tomatoes.

Front PageBack to Top

Schumacher prepares for eventual Indians exit

Max Schumacher is healthy, feels good and wants to continue working for the Indianapolis Indians full time. But
with his 77th birthday approaching in October, Schumacher, chairman and president of the team, needs a succession plan.

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Top StoriesBack to Top

Tenants trickling in to Purdue’s technology center

For a city feverishly growing its technology and life sciences sectors, it seemed a bit anticlimactic last January when
Purdue University dedicated its new technology center with only one tenant. But the lone tenant in the $12.8
million complex, FlamencoNets, a high-tech telecommunications firm, is about to get some company.

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Butler launches search for more money

In five years, Butler University President Bobby Fong wants to vault his school into the top 10 of the nation’s master’s
universities—schools that offer bachelor’s and master’s degrees but few doctorates.

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Summer program turns teens into entrepreneurs

Eighteen students from Indianapolis’ Haughville neighborhood sold their wares— ranging from caps and sunglasses
to purses
to home-baked cookies—as part of a summer business-education program
for low-income youth.

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FocusBack to Top

OpinionBack to Top

EDITORIAL: Partisan games plague council

The City-County Council wisely averted disaster for the Capital Improvement Board Aug. 10 by voting to raise the city’s
hotel tax from 9 percent to 10 percent, but the razor-thin vote was another disappointing case of elected officials making
decisions based on partisanship rather than good judgment.

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Indiana is lucky to have toll lease

The facts are that toll increases are strictly limited
in the contract and cars using electronic tolling have had no increase and are still paying the $4.65 toll rate set in
1985, one of the lowest per-mile tolls in the nation.

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HICKS: Health care experts make poor economists

In almost every place that two or more Americans gather, health care is debated. Because the bills before Congress are
inaccessible, the debate has shifted instead to principles such as the role of government and individual freedoms. I think this a healthy thing.

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HAUKE: Storybook market may last a bit longer

People keep asking me
to explain the stock market advance over the past five months. There are usually comments at the end of the question, like,
“The economy sucks. How can the market go up when there is nothing going on out there?”

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In BriefBack to Top

Lilly pays $224,000 to area doctors

It’s no secret that Eli Lilly and Co. is the biggest private employer in the Indianapolis area. But
Lilly also supplemented the incomes of a few dozen local doctors — to the tune of more than $224,000 in just the first

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Airport taxi times improve

Passengers at Indianapolis International Airport are spending less time on the ground since the opening of the new midfield

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Kentucky Lottery chooses ad agency with Indy presence

Louisville-based Bandy Carroll Hellige, an advertising and public relations agency that also has a significant presence in Indianapolis, has been named agency of record for the Kentucky Lottery Corp. BCH will develop and execute marketing, advertising and interactive campaigns and programs for the organization. These services were previously provided by Northlich, a Cincinnati-based agency. BCH […]

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