Indianapolis Business Journal

JULY 4-10, 2011

This week, find out more about the plans for a city-backed parking garage in Broad Ripple and get the scoop on possible train excursions to downtown Indianapolis. In Focus, meet the new leader of the Indiana Minority Supplier Development Council. And see who made our 2011 Who's Who in Law list of the region's best legal minds.

Front PageBack to Top

Shrinking revenue puts Ballard in hot seat

A drop in local income-tax revenue could put Indianapolis Mayor Greg Ballard between a familiar political rock and hard place as he faces re-election. Next year’s budgets must be approved in October, when Ballard’s race with Democratic challenger Melina Kennedy will be in the home stretch.

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Top StoriesBack to Top

City mum on economics of $15M parking garage

City officials and the developer of a proposed parking garage in Broad Ripple have refused to share financial projections for the project, describing the documents as a “trade secret” exempt from public disclosure.

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Rolls-Royce upgrades engine on market since 1950s

Rolls-Royce’s Indianapolis plant assembles few of its workhorse T56 aircraft engines in whole, but cranking out spare parts for overhauls is a large business. The last contract modification, issued by the U.S. Air Force in 2007, is worth up to $789 million and is still active.

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Transportation museum eyes excursion trains to downtown Indy

As efforts drag on to study and fund a commuter rail system using the former Nickel Plate rail line, the group now using the 37-mile corridor to run excursion trains in Hamilton County and to the Indiana State Fair is looking at running its trains farther south—to downtown.

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FocusBack to Top

OpinionBack to Top

MARCUS: Should we be offended by Times story?

Last month, The New York Times ran a story under the headline “Indiana: The Exception? Yes, but …” The story gave a factual presentation of our state’s economic circumstances, but with an overriding sarcasm that left a bad taste in Hoosier mouths.

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KENNEDY: A regulatory no-brainer could save lives

Cell phone users in the United States can’t choose to have radio on our phones because, when the ability to download first threatened the music industry’s business model, the carriers thought including broadcast radio would undermine their ability to sell music packages.

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In BriefBack to Top

Analyst: Lilly outlook bleak until 2020

Forget this year’s loss of best-selling-drug Zyprexa’s patent. Eli Lilly and Co. faces the bleakest outlook in the pharma industry the rest of this decade, according to Bernstein Research analyst Tim Anderson.

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NFP of NOTE: Central Indiana Land Trust

Through land protection, stewardship and education, the Central Indiana Land Trust Inc. preserves natural areas, improving air and water quality and enhancing life in our communities for present and future generations.

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