SEPTEMBER 22-28, 2014
The I-465 and Michigan Road interchange would be the front doorstep to a $25 million sports complex with facilities for hockey, basketball, and volleyball, under a plan from Indiana Ice owner Paul Skjodt. In this week's IBJ, Anthony Schoettle has details on the proposal. Also this week, J.K. Wall has the latest on the legal brawl between Steve Hilbert and hardware magnate John Menard. And in A&E Etc., Lou Harry pulls up a seat at Javier's Hacienda, which has taken the place of the fabled El Sol on East Washington Street.
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Skjodt plotting $25 million sports complex
Paul Skjodt, owner of the now-dormant Indiana Ice hockey team, has secured an option on 92 acres in a busy northwest-side corridor for a $25 million multi-use sports complex.
Read MoreLean years loom for Capital Improvement Board
The Capital Improvement Board is headed for lean years, but it’s not for a lack of resources. The entity that oversees downtown convention and sports venues faces payment of two big debts.
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Hilbert-Menard legal brawl showing no sign of let-up
A year and a half after John Menard ousted Steve and Tomisue Hilbert as the managers of the private equity firm they all started, attorneys for the two sides continue to fight bitterly for every tactical advantage in a dozen lawsuits between them.
Read MoreManager of Cultural Trail plans HQ project
The not-for-profit that oversees the Indianapolis Cultural Trail and the Indiana Pacers Bikeshare program plans to shed its training wheels and renovate a former service station along the trail as its headquarters.
Read MoreStartup prodigy Jaramillo started at age 7
Santiago Jaramillo is CEO of Bluebridge Digital LLC, which creates and manages apps primarily for not-for-profits, and it’s one of the first app companies to operate on a subscription model. But Jaramillo was his own boss well before mobile apps and smartphones even existed.
Read MoreAccolades all around as Allison owners exit
Private equity firms Carlyle Group and Onex Group fared well on their purchase of Indianapolis-based Allison Transmission, with the $763 million each put into the 2007 deal more than tripling in value.
Read MoreTraffic reporter, sales chief leave WISH ahead of CBS pullout
The loss of Julie Patterson and Julie Zoumbaris comes as Channel 8 prepares for life without its CBS affiliation and tries to make long-term deals with advertisers.
Read MoreCommunity Health plans $175M expansion of East facilities
Community executives said the investment and projects, which will begin this fall and extend over several years, prove their long-term commitment to the east side of the city.
Read MoreState Farm denied new trial on $14.5M defamation verdict
The $14.5 million defamation verdict awarded against State Farm in favor of a Fishers-based contractor who accused the insurer of defaming him remains in place after the Indiana Court of Appeals rejected the company’s request for a new trial.
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New warehouses in Indianapolis area cater to consumers
Several sprawling distribution centers have been built, or are under construction, to ship directly to consumers.
Read MoreHOHMANN: Whatever happened to the fab 16 Tech?
Strong leadership is needed for the urban Indianapolis tech park to hit its high potential.
Read MoreROBINSON: Downtown vacancies will plunge soon
Something’s happening in downtown Indianapolis that I’ve never seen in my 25 years as a commercial real estate broker here.
Read MoreCarmel developer pitching $150M Midtown plan
Carmel-based Old Town Development LLC expects to file plans this week for a $150 million redevelopment project on 11 acres in the suburban community’s blighted Midtown area, between Carmel City Center and the Arts & Design District near the Monon Greenway.
Read MoreCummins selects firm to design downtown office building
The firm has chosen New York-based Deborah Berke Partners to design its $30 million global distribution headquarters that will be built on part of the site where Market Square Arena once stood.
Read MoreGreenwood eyes more land for development along I-65
Though plans for a $22 million hotel and indoor sports complex seem in jeopardy, the city of Greenwood has other projects in the works along Interstate 65, including a new interchange and possibly an apartment development.
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MORRIS: Commercial real estate has an energy we haven’t seen in awhile
Panelists, and attendance, at IBJ’s Commercial Real Estate Power Breakfast brought a positive vibe.
Read MoreVIEWPOINT: Don’t delay Pence’s health plan
As the chief executive officers of the four largest health systems in central Indiana, we understand the dire situation facing hundreds of thousands of Hoosiers who lack health insurance.
Read MoreKENNEDY: The age of propaganda
We live in an age of disinformation. Fox News, MSNBC, CNN. Some are better than others, but not much.
Read MoreHicks: Traditional economic development doesn’t work
The cost of luring a firm to town has skyrocketed, while the benefits have plummeted. The United States has created more than 90 million net new jobs over the past 45 years, but fewer “attractable” jobs are available today than in 1969.
Read MoreSkarbeck: A new type of index fund is gaining investor interest
Recently, financial academics, like Rob Arnott of Research Affiliates, have published white papers supporting a different type of index investing. They call their creation “smart beta.
Read MoreCouncil should pass Ballard preschool plan
Those of us interested in reforming public education should urge support from the Democrats on the City-County Council for Mayor Ballard’s preschool funding plan that was delayed recently.
Read MoreCut casinos loose to fend for themselves
Do Indiana legislators have any kind of collective vision and perspective [Sept. 15]?
Read MoreIn BriefBack to Top
One Click prunes e-commerce sites, launches eyewear brand
One Click Ventures, known for its variety of e-commerce sites, recently launched a new website and sold off others as it strives to meet hiring goals tied to economic development incentives.
Read MoreGIPC taps Indy Chamber exec as new director
The Greater Indianapolis Progress Committee on Wednesday announced the selection of Molly Deuberry as its new executive director.
Read MoreIndiana reports increase in 2013 workplace deaths
The Labor Department reports there were 123 worker deaths last year, up from 115 a year earlier but still the third-lowest number in the past 22 years.
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