SEPTEMBER 21-27, 2009
This week's issue includes a story about development around Lucas Oil Stadium—is it living up to expectations? Also, we take a look at what would happen if Greenwood goes through with a merger with White River Township. And IBJ Style columnist Gabrielle Poshadlo tirelessly tracks down where to find the latest fashions in Indianapolis.
Front PageBack to Top
The drugmaker has successfully moved experimental drugs into position to win approval by regulators. But only once in the
last four years has a new drug actually made it to market—the industry’s equivalent of getting
across the goal line.
Locally based Broadbent Co., one of the city’s biggest retail developers, has sued two of its banks, charging they’re
wrongly attempting to restrict its access to a $50 million credit line.
The Indiana Alcohol and Tobacco Commission has voted to deny liquor and wine permits for Southern Wine & Spirits of
America Inc., the nation’s largest liquor distributor, citing concerns over a track record of anti-competitive behavior.
Top StoriesBack to Top
Melvin Simon, who died at 82 on Sept. 16, grasped early on that creation of the nation’s interstate system would pave the way for
large, enclosed shopping centers.
A little more than six months before the 2010 NCAA men’s Final Four is set to tip off at Lucas Oil Stadium, the NCAA
has not yet finalized a rental deal for the facility. While officials for the NCAA and Local Organizing Committee,
the group charged with operating the event in Indianapolis, downplay any problems, sports business experts say it is unusual
not to have an agreement pinned down in the months leading up to the event.
Purses at Hoosier Park in Anderson and Indiana Downs in Shelbyville have swollen since the two tracks added slot machines
in June 2008.
Macquarie Office Trust of Sydney has quietly pulled the 48-story Chase Tower off the market, along with a property in Boston and a property in Denver that failed to draw juicy enough offers.Read More
An urban advocacy group is trying to bring a big-city concept to Indianapolis: car sharing. People for Urban
Progress cites environmental benefits as well as cost savings for urban dwellers who might find it practical to ditch their
Mobi Wireless is targeting medium-size to large companies needing more control of wireless expenses
and fewer internal resources dedicated to the task.
FocusBack to Top
Not long ago, developers seemed to vie for every square inch of open ground in the vicinity of the just-completed Lucas Oil
Stadium. These days, the entire neighborhood has been pushed, if not into a financial deep freeze, then at the very least
to the back of the crisper drawer.
A sprawling network of drainage pipes is designed to keep the underground parking garage of the new JW Marriott hotel dry.Read More
The cresting wave of maturing commercial real estate debt is the second act in our nation’s credit crisis.Read More
OpinionBack to Top
Melvin Simon was a businessman and philanthropist of national prominence, but the vast real estate empire he helped build
is not his legacy here.
At the NCAA, Myles Brand took
on the monumental task of striking an appropriate middle ground between academic integrity in college sports and the giant
commercial operation that athletics has become.
As an old-timer, I am honored when asked for business advice. Because so much of the labor force has been idled,
recent inquiries have come from Hoosiers with resumes in hand. I am afraid my usual advice isn’t working, so I have
some new ideas—new opportunities to investigate in the face of this job crisis.
Where once we believed people were victims of disease, we now insist
that illness is a reflection of choices actively made.
do so out of fear, greed or a sense of duty, relentlessly volunteering for more work is one of the worst choices we can make
at the office.
Lauded as “masters of the universe,” the star investment managers overseeing the largest hedge funds built
huge expectations they couldn’t fulfill.
Just a short year ago, economists of all stripes voiced fears of a rise in economic protectionism like that which contributed
mightily to the Great Depression.
I urge you, as comprehensive health care reform is considered before Congress, to realize that the best way to expand
access to health insurance is to work toward containing health care costs.
In BriefBack to Top
FedEx brass have been trying to counter legislation pending in Congress being pushed by arch rival United Parcel Service
and the Teamsters union.
In the worst recession since the Great Depression, it must be difficult to broker business expansions. But
IEDI’s making no excuses for the city’s job creation and retention figures. In fact, it’s touting them.
A local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.
Employees at five different companies collectively lost 805 pounds over six weeks this summer. They also
raised $805 for Big Brothers/Big Sisters of Central Indiana.
The 2012 host committee recently hired South Bend native and Indiana University graduate Michelle Raines,
who previously served in senior management roles for four Republican national conventions.
CFS Bancorp Inc., 707 Ridge Road., Munster, 46321 (www.cfsbancorp.com) is the bank holding company for Citizens Financial
Bank, which conducts business from full service branches located in Lake, Porter and LaPorte counties in Indiana and Cook,
DuPage and Will counties in Illinois.