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IBJ Podcast: Roger Penske wants to create an ‘entertainment capital’ in Speedway. What does that mean?

November 11, 2019

Podcast host Mason King talked with Penske about his vision for some 950 acres in Speedway, and chats with Speedway Town Manager Jacob Blasdel and local developer Mike Wells about the possibilities.

Gannett-GateHouse merger will help investors, harm journalists, union report says

November 10, 2019 | The Washington Post

The country’s leading newspaper union issued a scathing analysis of the proposed Gannett-GateHouse merger Friday, saying the deal would drive down wages and employment for journalists at hundreds of newspapers. The merger will affect a dozen newspapers in Indiana.

MICKEY MAURER: I’ll pay my share to get us out of this mess

November 8, 2019 | Mickey Maurer

It’ll be worth it to return my beloved country to honest, moral stewardship.

Editorial: Momentous sale of racing empire is cause for sadness, optimism

November 8, 2019

We’re confident that IMS and the racing series will benefit from having Penske, a proven businessman known as “The Captain,” at the helm. But that alone isn’t enough to ensure a new era of prosperity for the iconic, 110-year-old venue.

Letter: MacAllister knew how to compromise

November 8, 2019

I was honored to become P.E.’s friend. He would mock me given my alleged liberal political views in the same fashion that I would laughingly forgive him for his Republican dedication.

Convention industry swells, but future hinges on Pan Am development

November 8, 2019 | Mickey Shuey

Visit Indy, which isn’t involved in the Pan Am negotiations, is in “somewhat of a holding pattern until we have the exact details finalized and presented to us,” Vice President Chris Gahl said.

Penske’s purchase of IMS, IndyCar Series isn’t panacea for sport needing more fans, sponsors

November 8, 2019 | Anthony Schoettle

Despite IndyCar’s modest progress in recent years, it still faces significant obstacles, including the need for more corporate sponsorships, a broader fan base and higher TV ratings.

As other retailers stumble, dollar stores are on growth tear

November 8, 2019 | Susan Orr

Consider the humble dollar store: modest in size, basic in appearance and laser-focused on selling cheap stuff. But don’t discount them: These stores are big business.

New film to digitally resurrect late James Dean in ‘co-starring’ role

November 7, 2019 | Associated Press and The Washington Post

Rights to Dean’s likeness for the controversial film were acquired through Indianapolis-based marketing firm CMG Worldwide, which represents Dean’s family along with the intellectual property rights associated with many other deceased personalities.

Economic growth to slow in state, Indy area in 2020, IU forecast says

November 7, 2019 | Susan Orr

The Indianapolis metro area’s growth is expected to be slightly better than statewide averages, but both local and state growth will be lower than the 2% expected nationally, the forecast says.

Hotel plan for King Cole Building gets go-ahead from IHPC

November 7, 2019 | Mickey Shuey

The IHPC voted unanimously to green-light construction plans for converting the King Cole building into a hotel, along with a new penthouse on the roof of the 11-story building suited for a restaurant or bar.

Democrat beats Republican incumbent in Zionsville mayoral race

November 5, 2019 | Samm Quinn

Emily Styron beat Republican Tim Haak, who was running for a second term, by 88 votes in Tuesday’s election. Haak was elected in November 2015 to serve as the town’s first elected mayor.

Inside the blockbuster IMS, IndyCar sale

November 5, 2019 | Associated Press

Tony George turned to racing legend Roger Penske after deciding he was uneasy striking a deal with media giant Liberty Media, sources said.

Software startup Costello acquired by fast-growing Atlanta firm

November 5, 2019 | Mason King

SalesLoft plans to maintain Costello’s Indianapolis office—albeit with new branding—and keep all 11 of its employees.

Triumph motorcycle dealership to open on Sun King’s downtown campus

November 4, 2019 | Susan Orr

The brewery and dealership are hoping they’ll benefit from each other’s main customer bases.

Powering research: Indiana universities balance federal grants with other sources of cash

November 1, 2019 | Anthony Schoettle

University research budgets and federal funding levels are seen as increasingly important drivers of economic development as they give rise to more licensed technology and startup companies.

Sheila Kennedy: P.E. MacAllister’s level of devotion becoming all too rare

November 1, 2019

The death of P.E. MacAllister is an occasion for reflection—about a life well-lived, certainly, but also about the nature of civic virtue, and the changes in society and the economy that have made the civic commitment he exemplified so much rarer.

Condos are in the works for Carmel’s central core

November 1, 2019 | Samm Quinn

City officials have long sought to diversify housing options by introducing for-sale condominiums and town houses into a market saturated by hundreds of high-end apartments.

St. Vincent faces expensive growth options

November 1, 2019 | John Russell

The hospital system’s 45-year-old campus will likely need hundreds of millions of dollars in upgrades in coming years to keep it competitive long term.

Program to spur growth is not limited to poor communities

November 1, 2019 | Lindsey Erdody

The area that includes the Fletcher Place neighborhood and the southeast corner of downtown is one of the hottest parts of Indianapolis, yet it’s included in a federal program designed to spur investments in poor neighborhoods.

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