Pacers bailout no slam dunk
If the Pacers want the city to support it with more money, the organization needs to provide more information to the city,
and perhaps a future cut of event proceeds.
If the Pacers want the city to support it with more money, the organization needs to provide more information to the city,
and perhaps a future cut of event proceeds.
Call it March Madness-NBA style. The Indiana Pacers franchise needs $15 million a year beginning in 2010-presumably from the public-to fund the operation of Conseco Fieldhouse. The franchise says it can’t afford to operate the venue, where it claims to have lost money every year but one since moving in 10 years ago. That’s madness. […]
Indianapolis has entered into a partnership with Holladay Properties in which the developer will construct nine distribution-type buildings at its AmeriPlex Business Park on the city’s west side in exchange for tax incentives. Mayor Greg Ballard made the announcement this morning at a Greater Indianapolis Progress Committee board meeting at WellPoint Inc.’s downtown headquarters. The […]
Six experts in green issues shared their outlook on businesses’ environmental responsibilities during IBJ’s Power Breakfast Feb. 13.
The 600-seat Randall L. and Marianne W. Tobias Theater (nicknamed The Toby) sits at the nexus of two cultural frontiers. On the arts front, it offers a home to cutting-edge entertainers, speakers and films. On the environmental front, the newly remodeled performance space is arguably the greenest facility of its kind in the nation. It […]
Businesses have seized on environmental responsibility as a marketing mantra. But many have made their products, processes and facilities greener. Some are motivated by philosophical reasons, and others by rising energy bills and out of anticipation of federal regulations on carbon dioxide. Six experts in green issues shared their outlook during IBJ‘s Power Breakfast Feb. […]
Businesses have seized on environmental responsibility as a marketing mantra. But many have made their products, processes and facilities greener. Some are motivated by philosophical reasons, and others by rising energy bills and out of anticipation of federal regulations on carbon dioxide. Six experts in green issues shared their outlook during IBJ’s Power Breakfast Feb. […]
The Obama administration recently reversed a Bush-era policy that prevented states from imposing some of their own environmental policies with respect to corporate average fuel efficiency, or CAFE, standards.
A month after federal officials expressed concern about changes at Indiana’s environmental agency, state officials will meet today with their federal counterparts to explain those changes and how they might affect environmental protection. Environmentalists fear the Indiana Department of Environmental Management’s recent move to dissolve its enforcement office, take over air monitoring contracts with six […]
The United Auto Workers’ deal with Detroit’s three automakers limits overtime, changes work rules, cuts lump-sum cash bonuses and gets rid of cost-of-living pay raises, people briefed on the agreement said today. The UAW announced yesterday that it reached the tentative agreement with General Motors Corp., Chrysler LLC and Ford Motor Co. over contract concessions, […]
A group of mostly local companies that made big investments to help launch Circle Centre mall soon could be asked to write
off a portion of profits they agreed to redirect into the construction of Conseco Fieldhouse.
Contrary to fears, environmentally friendly construction isn’t expensive.
It can be tempting to trust in "experts," when it comes to loved ones’ health and nursing home care. But the consequences can be dire.
A group of mostly local companies that made big investments to help launch Circle Centre mall soon could be asked to write off a portion of profits they agreed to redirect into the construction of Conseco Fieldhouse. The Capital Improvement Board has floated the possibility of asking the 13 investors-including Conseco, American United Life, Duke […]
The bill in question seems like a long shot. It would abdicate government’s responsibility for protecting citizens’ health
and safety, and place it in the hands of individual business owners.
Federal health regulators are looking into evidence that an Eli Lilly and Co. drug used to treat blood poisoning worsens the risk of bleeding and can lead to death in certain patients. The Food and Drug Administration said today a recently published study showed that the Indianapolis-based company’s drug Xigris increased the risk of dangerous […]
Indianapolis-based Duke Realty Corp. exceeded analysts’ expectations in the fourth quarter, generating funds from operations of 69 cents per share – more than a nickel better than the consensus estimate. Funds from operations is a common measure of financial performance for real estate investment trusts like Duke. Excluding one-time items, funds from operations were 71 […]
Indianapolis-based Duke Realty Corp. exceeded analysts’ expectations in the fourth quarter, generating funds from operations of 69 cents per share – more than a nickel better than the consensus estimate. Funds from operations is a common measure of financial performance for real estate investment trusts like Duke. Excluding one-time items, funds from operations were 71 […]
State and local governments in Indiana aren’t known for pouring tax money into so-called progressive causes. Private money often has to step in. A shining example is the $15 million Gene and Marilyn Glick gave to the Indianapolis Cultural Trail, a $50 million alternative-transportation project that’s getting most of its money from the private sector. […]
Indiana office of AARP to honor best employers for workers over 50 The Indiana office of AARP is soliciting nominations for its annual “Best Employers for Workers Over 50” recognition program. Last year the organization that is an advocate for older Americans honored 50 employers nationwide whose workplace policies and practices are friendly toward older […]