First decade of century marked by buyouts and bubbles
The decade witnessed a massive terrorist attack, two wars, and a building-and-buyout boom fueled by easy credit.
The decade witnessed a massive terrorist attack, two wars, and a building-and-buyout boom fueled by easy credit.
A symbolic topping-off ceremony early this month to celebrate a milestone on the massive JW Marriott hotel project can’t
hide the anxiety felt within the construction industry.
The $7.8 million medical office building in McCordsville will allow the hospital to tap patients with private insurance.
The most obvious use for the old Wishard site is an expansion of the Indiana University School of Medicine, particularly for
medical research space, university administrators said.
When Sisters of St. Francis Health Services Inc. bought Tonn and Blank Construction Co. in 1998, more
than one employee of the Michigan City firm wondered what it would be like to be run by a Roman Catholic
order that not only owned a string of Midwestern hospitals but also traced its spiritual heritage to
a 12th century mystic.
With its financial performance exceeding expectations, St. Francis Hospital & Health Centers will resume construction on a $265 million, 221-bed patient tower at its Indianapolis campus, the hospital system announced Thursday.
To pay for a shiny new downtown hospital, the parent corporation of Wishard Health Services will commit itself to yearly
debt payments 10 times as high as they are now. But Wishard officials have no doubt they can bear the extra load
because of places like Rosewalk Village, a nursing home that sits on the eastern side of Indianapolis.
It takes a map of the entire metro area to show all the projects the YMCA of Greater Indianapolis has on its drawing board.
The $30 million plan calls for building two brand-new facilities, one in Avon and one in Pike Township; expanding
the Fishers YMCA; and building a new outdoor pool in Lawrence.
Financial reports trickling in from Indianapolis’ major hospitals show why the city’s health care building boom ground to
a near halt this year. It ran into a wall of investment losses.
‘Epic’ losses hit hospitals Investment portfolios have shed millions, putting expansions on hold until recovery Financial reports trickling in from Indianapolis’ major hospitals show why the city’s health care building boom ground to a near halt this year. It ran into a wall of investment losses. A case in point: Indianapolisbased Clarian Health suffered a […]
Financial reports trickling in from Indianapolis’ major hospitals show why the city’s health care building boom ground to a near halt this year. It ran into a wall of investment losses. A case in point: Indianapolisbased Clarian Health suffered a whopping $633 million in losses on its investments and interest-rate swaps last year. That wiped […]
The Marion County Capital Improvement Board’s bailout depends on the success of Indianapolis’ new downtown JW Marriott convention hotel.
The pressure on Indianapolis’ new downtown JW Marriott convention hotel to perform-despite the recession-is about to increase exponentially. The Marion County Capital Improvement Board’s bailout depends on it. CIB, which manages the city’s professional sports stadiums and its convention center, needs to close a $47.4 million annual budget deficit. On April 2, the Indiana Senate’s […]
State lawmakers are looking for ways to bail out the financially struggling group that runs professional sports stadiums in Indianapolis. The Indianapolis Capital Improvement Board is facing a $35 million deficit in its operation of Lucas Oil Stadium, Conseco Fieldhouse, Victory Field and the Indiana Convention Center. The board is already $20 million short this […]
St. Francis Hospital & Health Centers will halt construction this summer on a new inpatient bed facility at its hospital in southern Indianapolis. The facility only is 40 percent finished. The hospital plans to resume work once the economy improves, according to an update posted on its Web site yesterday. St. Francis’ announced its new […]
Local tourism supporters are prominently featuring the Indianapolis International Airport’s makeover in a branding campaign rolled out earlier this month.
The Indianapolis Convention & Visitors Association says it needs more sales and marketing firepower to fill an expanded convention
center and adjacent hotels. That means asking the city’s Capital Improvement Board—one of ICVA’s primary sources of funds—for
a budget increase of up to 50 percent at the worst possible time.
The Indianapolis Convention & Visitors Association says it needs more sales and marketing firepower to fill an expanded convention center and adjacent hotels. That means asking the city’s Capital Improvement Board-one of ICVA’s primary sources of funds-for a budget increase of up to 50 percent at the worst possible time. ICVA says it needs an […]
Companies searching for a merger or acquisition partner had one heck of a time finding a match last year. Place much of the
blame on the credit crunch that rattled the nation’s economy and sent deal-making into a downward spiral.
Lackluster economy be darned, Indianapolis’ tourism trade gained ground in 2008. And the city’s new head cheerleader has even
higher hopes for this year and beyond.