Indianapolis Business Journal

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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Top StoriesBack to Top

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.

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Manager 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.

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Startup 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.

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Accolades 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.

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FocusBack to Top

Carmel 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.

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OpinionBack to Top

Hicks: 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.

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Council 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.

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In BriefBack to Top