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Articles
JOSEPH: Valuing the entrepreneur’s blood, sweat and tears
More than ever, owners are simply digging in to finance their great idea through their own hard work, time and resourcefulness.
German-American Klub leaders face bill for Oktoberfest
Board members of the south-side German American Klub could be on the hook for more than $20,000 in unpaid rent at the Indiana State Fairgrounds. The bill is from 2008 and 2009, when the club experimented with holding its annual Oktoberfest at the fairgrounds, instead of German Park. The Indiana State Fair Commission goes to […]
Suburban-hotel mayhem whipsaws entrepreneur
Two of Sanjay Patel’s hotels landed in bankruptcy in November. Four others filed for Chapter 11 protection last year.
Brizzi agrees to pay Fair Finance nearly $200K
The Fair Finance trustee alleged that, in addition to being huge campaign contributors to former Marion County Prosecutor Carl Brizzi, Tim Durham and his companies helped cover Brizzi’s personal expenses.
Complex accounts made it easy for state to miss $320M
Indiana House and Senate Democrats say they want an investigation into how the money went missing for so long. They submitted a letter to the state's budget forecasting committee requesting an independent audit of the state's finances.
Fair Finance investors object to Brizzi settlement
The investors argue that a bankruptcy trustee’s settlement reached last month with former Marion County Prosecutor Carl Brizzi could extricate Brizzi from lawsuits they’ve filed against him.
Durham’s wages docked to pay $71,000 debt
The order from a Hamilton County magistrate says an investor can collect $71,423.66, including interest, from Durham’s National Lampoon Inc. salary.
Durham’s attorney alleges feds abused wiretaps
Indicted financier Tim Durham's attorney alleges "the government has engaged in a course of conduct that … constitutes gross misconduct so severe that dismissal is warranted."
LADWIG: Indiana run ‘like a business’? Not quite
Every time this man applied that advice to his particular corner of government, “All hell broke loose.”
Political neophyte Ballard cruises to second term
A contentious battle for Indianapolis mayor culminated in a second term for Republican Mayor Greg Ballard, who won the race with 51 percent of the vote. His Democratic challenger, Melina Kennedy, garnered 47 percent.
2011 NEWSMAKER: Simon collects big raise, takes on Amazon.com
Simon Property Group Inc. signed an employment agreement with CEO David Simon that will keep him as head of the Indianapolis-based company the next eight years.
City backs string of high-profile real estate projects
The administration of Mayor Greg Ballard found its stride in the final year of its first four-year term, at least when it comes to major publicly supported real estate projects.
Manning’s neck injury sends Colts into tailspin
The Indianapolis Colts won their first game of the 2011 season on Dec. 18—nearly an entire year after they racked up their last victory.
Downtown mall stung by loss of Nordstrom
Nordstrom, which opened with the mall in 1995, left a gaping 210,000-square-foot hole in Circle Centre mall. It is a particularly tough space to fill since department stores have seen their market share decline more than half in 20 years and need less space.
2011 NEWSMAKER: Melangton gears up for Indy’s big game
Indianapolis Super Bowl Host Committee CEO Allison Melangton began 2011 with a trip to Dallas to see firsthand how the NFL pulls off its big game.
Battle over right-to-work bill derails legislative session
Advancement of right-to-work legislation during this year’s legislative session caused Indiana House Democrats to flee to Urbana, Ill., where they remained for 36 days in what became the longest walkout in Indiana history.