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Surviving the season: Retail landlords worry that tight holiday budgets could doom some retailers

October 27, 2008

Retailers usually get that Christmas-morning feeling of anticipation for the holiday shopping season. This year, many are just hoping to survive. As consumers tighten their spending to cope with higher prices and shrinking savings, stores big and small are feeling the pinch. Some stores, including Linens ‘n Things, have filed for bankruptcy and plan to liquidate. Others, like Circuit City, still are fighting for survival. The holiday shopping season is looking more like a make-or-break period than the annual windfall-an…

Flat passenger counts not seen as threat to paying debt on midfield terminal

October 27, 2008

The big debt payments on the $1.1 billion midfield terminal at Indianapolis International Airport start coming due in January–just
as a recession hits and the battered airline industry cuts capacity. Despite the likely prospect of fewer passengers than
projected in the next year or two, airport managers say they don’t anticipate problems shouldering the roughly $40 million
a year in debt burden over the next 30 years for the new facility.

Steak n Shake chief outlines turnaround plan

October 22, 2008

The Steak n Shake Co. has hired an executive to improve operating efficiency of its restaurants as part of an overall turnaround plan. The appointment of Dennis Roberts, formerly chief operations officer at Massachusetts-based Friendly’s Ice Cream, was announced in a letter issued late yesterday by Steak n Shake Chairman and CEO Sardar Biglari. Biglari, […]

Former rocker rolling along in pizza business: Puccini’s founder has 13 locations and counting

October 20, 2008

For much of his adult life, Don Main was a rocker rather than a restaurateur. But fate-along with a pressing need to find a more profitable line of work-drove him to seek his fortune in a kitchen rather than onstage. Main, president and co-owner of Puccini’s Smiling Teeth, began his peculiar career change back in 1990, after a decadeand-a-half stint as a professional-but not very well-paid-musician. At age 36, the bassist and lead vocalist for the band The Late Show…

IRL title sponsor hunt loses power

October 17, 2008

The Indy Racing League’s drive for a title sponsor has hit the wall.

“The economy is having a huge impact,” said Zak Brown, president of Just Marketing International, the local firm the IRL hired…

Purdue professor cooks up healthier way to ‘fry’ food: Invention could make microwaves seem like crock pots

October 13, 2008

A new cooking technology under development at Purdue University could please both dieters looking for lowercalorie meals and food retailers seeking lower costs. It has the potential to produce “fried” foods using vastly less oil, and to cook them at speeds that make microwave ovens seem as slow as crock pots. A Purdue professor is working with Anderson Tool and Engineering Co. in Madison County to create advanced prototypes of the device, called a “radiant fryer.” The first off the…

Herb Simon moves team to Reno

September 25, 2008

The Tucson Sidewinders are getting a new name and address. The AAA affiliate of the Arizona Diamondbacks next year will be the Reno Aces.

Indiana Pacers co-owner Herb Simon is an equal partner in…

Tough economy touching all industries, but some are hurting more than others

September 22, 2008

Stock markets are falling, jobs are disappearing, and the outlook for the economy seems grim. Banks, real estate developers,
retailers and manufacturers are taking the worst hits, but all types of businesses in central Indiana are hurting. From health
care to technology, education to philanthropy, every industry is trying to take the setbacks in stride.

Airport hoping to double ad revenue with digital push

September 15, 2008

Indianapolis International Airport officials hope to double advertising revenue, pushing it past $1 million, when the midfield
terminal opens in November. That income, officials said, is important because it helps ease pressure on cash-strapped
airlines, allowing them to focus on offering more flights. The airport relies on non-airline revenue, such as food sales and
advertising, for about 60 percent of its revenue.

Three-year-old Carmel firm tries to distinguish itself in difficult candy industry

September 15, 2008

A local candy maker has found the sweet spot in an industry where startup efforts often go sour. Founded in 2006, Carmel-based
Candy Dynamics is making a name for itself with its unusual "double-action" sour recipe, eye-catching packaging
and unforgettable names like Toxic Waste Hazardously Sour Candy, Nuclear Sludge and Hi-Voltage Bubble Gum.

City shows up peers in luring, keeping young, educated, married couples

September 8, 2008

Regional economic development experts say cities must woo talented people while they’re young–in
their 20s or early 30s–because, after that age, people tend to hunker down. The Indianapolis area apparently appeals to at
least two key groups of young people–particularly those already married, according to a new study by researchers at IUPUI.

MotoGP race will give Speedway whole new look

September 8, 2008

Fans walking into the Indianapolis Motor Speedway for the First MotoGP race there Sept. 14 likely won’t recognize the place. Sponsor ads will hang on the inside walls of the track. There will be a host of companies in the hospitality area–including Yamaha, Kawasaki, Ducati and Repsol–that have never set foot inside the Speedway’s grounds. The motorcycle-specific nature of the Red Bull Indianapolis GP will permeate every facet of the event and affects all elements of the host city’s planning.

IRL title sponsor “on the doorstep”

September 4, 2008

Despite switching its telecasts from ESPN to Versus next year, Indy Racing League officials remain confident they will sign an eight-figure, multi-year title sponsorship deal by year’s end.

League officials denied rumors that some…

Ivy Tech cooking up plans for more culinary space

September 1, 2008

Ivy Tech cooking up plans for more culinary space Growing program hopes to build $7 million school at Glick Center Popular television cooking shows such as “Iron Chef,” “Emeril Live,” “Top Chef” and, dare we mention, “Hell’s Kitchen,” have brought the interest in culinary careers to a boil. To help meet demand locally, Indiana Business College opened a Chef’s Academy downtown nearly two years ago. Now, Ivy Tech Community College is expanding its existing program by building a culinary school…

Ivy Tech cooking up plans for more culinary space: Growing program hopes to build $7 million school at Glick Center

September 1, 2008

Popular television cooking shows such as “Iron Chef,” “Emeril Live,” “Top Chef” and, dare we mention, “Hell’s Kitchen,” have brought the interest in culinary careers to a boil. To help meet demand locally, Indiana Business College opened a Chef’s Academy downtown nearly two years ago. Now, Ivy Tech Community College is expanding its existing program by building a culinary school in Indianapolis at the Gene B. Glick Junior Achievement Education Center on North Keystone Avenue. Enrollment in Ivy Tech’s two-year…

USATF putting customers first

August 29, 2008

The USA Track & Field headquarters in downtown Indianapolis is taking a cue from Wendy’s restaurants. They’re staying open late.

USATF’s new CEO Doug Logan said this is the first step in creating a…

Subway jilts Tony Stewart

August 21, 2008

NASCAR driver Tony Stewart is having a pretty bad week. During the same week Stewart was docked 150 points for his team’s efforts to mask his car’s true horsepower at a recent Nationwide…

Small towns with a heart

August 18, 2008

Small towns with a heart Spurning sprawl, more towns upbeat on downtown From Andy Griffith’s Mayberry, the small town evolved into the likes of Avon, Ind. The tree-shaded bungalow on Oak Street within walking distance of the town center became the vinyl-clad, single-family home planted in a former cornfield with a contrived name ending in […]

Small towns with a heart: Spurning sprawl, more towns upbeat on downtown

August 18, 2008

From Andy Griffith’s Mayberry, the small town evolved into the likes of Avon, Ind. The tree-shaded bungalow on Oak Street within walking distance of the town center became the vinyl-clad, single-family home planted in a former cornfield with a contrived name ending in “creek” or “woods” or “farms.” Residents have to jump in the car if they want to buy a cup of coffee or to patronize the predictable chain restaurants and bigbox retailers. The Best Buy on Avon’s main…

Strip centers feeling sting of housing market slump: Developers cutting back on new retail projects

August 18, 2008

Those ubiquitous retail strip centers are beginning to wither under a housing slump that has cast a dark cloud over much of the U.S economy. Heavily dependent on new-home construction, strip-center developments have been hurt by tough residential real estate conditions that have spread into the commercial arena and dampened retail activity. Nationally, the volume of strip-center investment transactions is down 77 percent from a year ago, according to a June commercial report from the Chicago-based National Association of Realtors….

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Articles

Surviving the season: Retail landlords worry that tight holiday budgets could doom some retailers

Flat passenger counts not seen as threat to paying debt on midfield terminal

Steak n Shake chief outlines turnaround plan

Former rocker rolling along in pizza business: Puccini’s founder has 13 locations and counting

IRL title sponsor hunt loses power

Purdue professor cooks up healthier way to ‘fry’ food: Invention could make microwaves seem like crock pots

Herb Simon moves team to Reno

Tough economy touching all industries, but some are hurting more than others

Airport hoping to double ad revenue with digital push

Three-year-old Carmel firm tries to distinguish itself in difficult candy industry

City shows up peers in luring, keeping young, educated, married couples

MotoGP race will give Speedway whole new look

IRL title sponsor “on the doorstep”

Ivy Tech cooking up plans for more culinary space

Ivy Tech cooking up plans for more culinary space: Growing program hopes to build $7 million school at Glick Center

USATF putting customers first

Subway jilts Tony Stewart

Small towns with a heart

Small towns with a heart: Spurning sprawl, more towns upbeat on downtown

Strip centers feeling sting of housing market slump: Developers cutting back on new retail projects