Billionaire philanthropists Mel and Bren Simon are laying the groundwork to donate Asherwood–their extravagant Carmel estate
and golf course–to the Indiana University Foundation, potentially to house a new think tank. The couple plans to downsize
into a home just outside the town square in the nearby Village of WestClay.
A program rolled out yesterday by State Treasurer Richard Mourdock aims to encourage more Indiana business owners to sell companies to their employees. The Treasurer’s Office will subsidize banks for loans used in transitions to employee stock ownership plans, or ESOPs. Taxpayers will more than recoup the program’s annual cost of $500,000 a year because […]
There are professions in which you are never noticed until you screw it up-the center of a football team when he snaps the ball over the quarterback’s head, the business assistant when he or she brings the wrong set of papers to the closing, and the bus driver who-after 20 years of safe driving-rear-ends the rock star’s limousine. Included in this list is the CEO of the Indiana Bureau of Motor Vehicles. Do you remember Joel Silverman, former commissioner of…
Liberty Mutual Group said Wednesday it has agreed to acquire publicly traded Safeco Corp. and take it private in an all-cash, $6.2 billion deal to create the nation’s fifth-largest property and casualty insurer. Boston-based Liberty Mutual and Seattle-based Safeco said the boards of both companies approved the deal, which is subject to approval by Safeco […]
Spotlight on Shelby County Named for Isaac Shelby, the first governor of Kentucky 5 LARGEST CITIES/TOWNS population Shelbyville ………………………………….18,372 Edinburgh ……………………………………4,582 Morristown …………………………………..1,257 St. Paul ……………………………………….1,006 5 LARGEST EMPLOYERS employees Knauf Insulation ……………………………….900 Atlas Cold Storage (Kroger Co.) …………..600 PK USA Inc………………………………………550 Major Hospital………………………………….530 Pilkington North America Inc……………….385 SHELBY MSA* Population 43,844 1,682,815 Median age […]
HENDRICKS COUNTY Medical facilities expanding Two Hendricks County hospitals are planning major expansions starting this summer. The board of Hendricks Regional Health is scheduled to vote in late April on adding more than 200,000 square feet to the hospital’s headquarters campus in Danville. The project will cost more than $60 million and will be the […]
When Kathy Fitzgerald has a group of 85 day-camp kids to entertain, she needs someone who can hold their attention-easier said than done considering they range in age from 6 to 13, not counting the 12 young adults who work as camp counselors. If an act bombs, the result can be chaos. That’s why Fitzgerald, assistant park manager for Broad Ripple Park, has locally based FamilyTime Entertainment Inc. on her speed dial. FamilyTime can deliver a fully produced magic show,…
A former employee of WellPoint Inc. has filed a lawsuit that claims his pension plan was mismanaged because his pension was invested in declining stock of the Indianapolis-based health insurance giant. Paul West’s suit seeks class-action status for 10,000 pension-plan participants, according to Bloomberg. WellPoint shares have slumped 45 percent this year, to about $50. […]
Indianapolis-area drivers will be able to watch for traffic congestion on screens in their vehicles by this fall as a result of an agreement signed this month by Indianapolis-based Emmis Communications Corp. and seven other groups, including National Public Radio. Streets color-coded to show traffic speeds will be broadcast by new digital signals to screens […]
Yes, we are still early in the calendar. But it would be unfair of me to expect to see anything on stage in Indy this year that is more beautiful, more h e a r t – w r e n c h i n g , more exquisitely executed, and more complete than the third movement of “Tangled Web,” offered March 20-23 by Dance Kaleidoscope as part of its “The French Connection” program. I try to refrain from loading…
The state’s largest beer and wine distributor is considering a long-abandoned drive-in theater in Lawrence for a new headquarters.
Monarch Beverage Co. has outgrown its home along Interstate 465 just east of the airport and has been looking for a place
to move for a year.
Recently announced changes to the Indiana Pacers’ front office leave questions about the team’s long-term ownership unanswered.
While Larry Bird, Pacers director of basketball operations, is set to take over for CEO Donnie Walsh at season’s end, there
is no indication what succession strategy, if any, exists for replacing team owners Mel Simon, 81, and Herb Simon, 73.
Earl B. Harris, who co-founded former retailer Paul Harris Stores Inc. in 1952, has died at age 90. The Indianapolis resident retired from the locally based women’s clothing retailer in 1985 but had continued a friendship and consulting role with retailers including the Simon family, which controls locally based shopping mall giant Simon Property Group. […]
Noble Roman’s Inc. has taken over the operation of six franchised restaurants in Indianapolis in a bid to prove its concept
can be executed profitably. The move–which comes amid a chorus of discontent from franchisees and as the company explores
the possibility of selling itself–could help the 1,000-restaurant chain avoid the embarrassment of store failures in its
own back yard.
When a great movie actor dies, there tends to be a rush to screen his films. But when a great stage actor dies, there’s not much you can do besides mourn the performances you missed.
Paul Scofield — by all accounts…
As Eli Lilly and Co. fends off allegations in an Alaskan courtroom involving its top-selling Zyprexa drug, the pharmaceutical giant is locked in another battle closer to home. The dispute winding through U.S. District Court in Indianapolis concerns the billion-dollar cancer drug Gemzar and Lilly’s attempts to prevent rivals from selling generic versions. While patent-infringement claims may be less intriguing than accusations that Lilly failed to warn doctors and patients about complications related to Zyprexa, the Gemzar case still has…
Shipping giant FedEx has snapped up 126,000 square feet of the former ATA maintenance hangar at Indianapolis International Airport. About 80,000 square feet of the leased space is hangar bays, and the rest is office, training rooms and other uses, said FedEx spokeswoman Paula Bosler. FedEx will use the ATA space to maintain all but […]
It’s not easy to make a living in high fashion, especially in a city where the “garment district” extends only to the nearest
Hancock or Jo Ann Fabrics. Still, Indianapolis has a little something up its sleeve–more than a dozen designers who are prepping
their collections for “Project IMA,” a fashion show modeled after Bravo’s reality hit “Project Runway.”
UPDATE (March 11): The Chicago Tribune and Street & Smith’s Sports Business Journal are reporting today that officials for Comcast Cable and the Big Ten Network are closing in on an agreement to put the channel on an expanded basic tier. One…
The long-discussed John Mellencamp/Stephen King stage musical “Ghost Brothers of Darkland County” at last has an opening date.
It’s scheduled to premiere in Atlanta at the Alliance Theatre in April…of 2009. (The Alliance, FYI, won the Tony Award for Oustanding Regional Theatre…
