Central Indiana homebuilder Paul Estridge Jr. plans to donate $10 million to the Central Indiana Community Foundation’s Legacy Fund and $10 million to unspecified Indiana businesses. The donations come from the $53.5 million in proceeds Estridge is expected to receive by selling his 34-percent stake in the Indiana Downs horse-racing track to South Bend-based Oliver […]
Noble Roman’s Inc. stock this year has been rising nearly as fast as its pizza dough, defying skeptics who’d written off the
long-ailing Indianapolis company. With a new business strategy built on franchising and dual-branded restaurants, Noble Roman’s
has seen quarter-to-quarter earnings increase for more than two years.
A new headquarters for Gresk & Singleton Law Firm and Gresk Realty has been “coming soon” northwest of Delaware and 10th streets for the better part of two years. What…
Pauline Moffat, executive director of the Indianapolis Theatre Fringe Festival, expects a big turnout for this year’s two-week salute to alternative stage productions. The event takes over the Massachusetts Avenue Arts District Aug. 24 to Sept. 2, offering 228 individual performances staged by 40 theatrical troupes and presented at five different venues, including Theatre on the Square, The Phoenix Theatre and American Cabaret Theatre. Moffat hopes this season will bring a third year of attendance growth and take the event…
The high-stakes competition for control of Indiana Downs has entered the homestretch. And South Bend-based Oliver Racing LLC
is poised to win.
When it comes to advertising and marketing, the city’s two tallest skyscrapers are Class A, all the way. But throw out that
notion at tax time. The owners of Chase Tower and OneAmerica Tower–and some of the city’s other large office buildings–have
successfully lobbied for lower building “grades” that save them big bucks on property taxes.
Students at three new Indiana high schools this fall are going to learn the California way. No, they won’t be holding classes on the beach. They’ll use technology and a project-oriented curriculum to learn about math, science and history, plus gain 21st century skills business leaders say today’s work force needs. The New Technology High School model, which began in Napa Valley, Calif., in 1996, will launch in Indiana this fall with New Tech High at Arsenal Tech, New Tech…
When a Butler University finance class starts investing in the stock market this fall, it won’t be Monopoly money that’s on
the line. In a three-year pilot program that is unique for a school of Butler’s size, a group of senior finance students will
use $1 million from the university’s endowment fund to invest.
The Indianapolis Airport Authority’s management contract with British firm BAA unceremoniously expired July 15, and authority
officials taking the helm for the first time since 1995 say they’re confident they are prepared to continue to innovate as
they prepare to open a new terminal.
Indianapolis developer Paul Kite Co. has offered the Highland Springs Homeowners Association in McCordsville more than $3 million to support Kite’s plans to build a retail center with a Target store nearby. The offer hasn’t been accepted. To get the money, association board members would have to testify in support of the 63-acre project, and […]
A proposal by Indianapolis developer Paul Kite to build a retail center anchored by a Target in McCordsville has been rejected by the community’s town council because it’s in an area zoned residential. The 63-acre project would have been built at the southeast corner of county roads 1000 North and 600 West in Hancock County, […]
Indiana deliberately chose not to invest the tens of millions necessary for technology that could provide an accurate property-tax
forecast. Instead, the state relied on an aging patchwork of property tax software that allows officials only to guess whether
assessed valuations of homes and businesses are correct.
David Young, co-founder of one of the city’s largest advertising agencies, is packing his bags and heading for Vancouver, British Columbia. This month, Young will oversee the opening of agency Young & Laramore’s first Canadian office, which is being set up to grow the firm’s 2nd Globe division in the Pacific Northwest. 2nd Globe, a 12-year-old division dedicated to bringing art, architecture and commerce together, is the brainchild of Young and is known for its work on several high-profile central…
It wasn’t long ago that writing an economic analysis column meant-surprise-that you analyzed the ups and downs of the economy. And if you came of age in the 1960s and ’70s, there were plenty of ups and downs to keep track of. Volatility in just about everything was higher then, with strikes, inflation and more frequent recessions the order of the day. And even though that environment has changed remarkably since the mid-’80s, the habit of peering at the data…
Indiana’s two horse tracks could change hands as investors race to come up with the $250 million required to add thousands
of slot machines. The steep cost of a state license combined with the potential of a lucrative payoff has stakeholders in
Shelbyville-based Indiana Downs and Anderson-based Hoosier Park jockeying for position.
While most eyes were on the Indianapolis Motor Speedway’s 2-1/2-mile oval this month, Kevin Long was more interested in what happened in the media room. Long is not a news reporter, but he’s been focused on every word spoken to the media this month by drivers, team managers and owners. It’s Long’s job to make sure those speaking into the mike maximize the benefit for themselves, their teams and sponsors. He owns and operates MVP Sports Media Training LLC, a…
Seven Indiana public companies not only own corporate jets, but also let their executives use them for personal trips. Cummins
Inc., Hillenbrand Industries Inc., Zimmer Holdings Inc., Eli Lilly and Co., NiSource Inc., WellPoint Inc. and 1st Source Corp.
all allow some personal use of company jets.
The American Basketball Association, an Indianapolis-based professional basketball league, and Toronto media company Caricom have signed a deal to create ABA Media, an initiative launched to maximize potential of a variety of media opportunities for the league, including television, radio, Web streaming, podcasting and other technologies. “Caricom is a new breed of media organization that […]
It’s a rite of spring. The annual arrival of Lilly Endowment Inc.’s annual report provides a rare glimpse into the operations of the secretive-butsuper-powerful Indianapolis-based foundation. This year, there’s more anticipation than usual. Beyond the listings of who received the hundreds of millions of dollars in grants the endowment passed out last year, the report-due to be released by the end of this month-also will show where the endowment invests its $7 billion in assets. Until now, that part of…
Temporary staffing agencies used to be like big-box discount stores: Customers could find anything and everything under one roof. As temp workers have become an increasingly important part of corporate business models, however, a more boutique approach is taking hold. Take Carmel-based LGC Associates, which specializes in providing temporary staffing for the food service and hospitality industries-and has started providing workers to fill the accounting, financial and administrative needs of its clients. LGC was launched in May 2003 by Carmel…
