Republican Gov. Mitch Daniels is building his campaign for re-election in part on another attempt to cash in a jackpot on the Hoosier Lottery. This time, he’s hedging his bet. In case leasing the Hoosier Lottery outright to a private operator is politically impossible, Daniels is exploring a major bond issue backed by its future revenue.
A California dry cleaning company whose own financial viability is in doubt has submitted the high bid in U.S. District Bankruptcy Court in Delaware to buy 23 Tuchman Cleaners stores in the Indianapolis area. Newport Beach-based US Dry Cleaning Corp. reported a negative cash flow of $4.8 million in the nine months ended June 30 […]
Each year, the 30,000 people who ride the Fishers fair train disembark at a depot east of Fall Creek and shuffle 228 feet across the historic 39th Street bridge, which leads to Gate 6 of the Indiana State Fairgrounds. Few likely give much thought to the crumbling condition of the bridge, other than noticing that a large block of stone railing has broken off at the west end. But, below, stones also have fallen off the sides of an arch…
Of this, that and the other: Timing, as they say, is everything. The University of Notre Dame lost its athletic director, Kevin White, to Duke University on June 1 and has been actively engaged in identifying his successor. A couple of weeks later, Indiana University announced its athletic director, Rick Greenspan, would resign but serve in lameduck status until the end of the year. Somewhere in the middle of those circumstances was Indianapolis attorney Jack Swarbrick, a Bloomington native but…
The NCAA is considering bringing its men’s and women’s Division I, II and III championships together for one big festival
of swimming, and the IUPUI Natatorium is a leading candidate to be the permanent site of the annual event.
Indianapolis-Marion County Public Library board members couldn’t reach a consensus last night on who should get rights to develop two library-owned properties adjacent to its flagship downtown branch. The library’s Board of Trustees met for more than two hours to discuss plans to redevelop the vacant Ambassador apartment building and property the library owns at […]
Two local developers have submitted bids to redevelop the Ambassador apartments adjacent to the Central Library. Van Rooy and Buckingham both proposed mixed uses for the Ambassador building, with street-level retail and commercial…
Williams Randall Marketing Communications pulled a surprise victory by snatching the $2.5 million Indiana Office of Tourism
Development advertising account away from incumbent Hirons & Co. and eight other bidders, most of which were larger than Williams
Randall. The two-year contract starts July 1.
As of noon, the IBJ reporting team (that’s me) has officially touched down in the Buckhead district of Atlanta where the 32 National Football League owners will decide which of three bidding cities will host the 2012 Super Bowl. While…
A $1 million contribution by Forest Lucas has brought private-sector giving for Indianapolis’ 2012 Super Bowl bid to the $25 million goal. The owner of Lucas Oil Products Inc. spent $122 million for naming rights to Lucas Oil Stadium, which will replace the RCA Dome at the start of the Indianapolis Colts season this fall. […]
A local developer plans to spend up to $45 million building a “north village of downtown” on several parcels it has assembled
near the Central Library. Buckingham Cos. plans to build apartments, offices, restaurants and retail space-all surrounding
its headquarters in the three-story Stokely-Van Camp building at the southeast corner of Meridian and St. Joseph streets.
HAMILTON COUNTY Carmel proceeds with Keystone roundabouts Carmel is taking its love affair with roundabouts to the next level. On March 21, Carmel Mayor Jim Brainard unveiled roundabout reconstruction plans for the 106th and 126th Street interchanges of Keystone Avenue. The State of Indiana relinquished control of part of Keystone to Carmel last September and […]
The owners of Market Tower–the city’s fourth-tallest skyscraper–tried to sell the 31-story building this month but apparently
were unable to generate bids that met expectations. The timing of the sale–at a point when financing large deals is difficult–suggests
the owners may be eager to unload the asset.
No bids were submitted today at an auction for control of 10 properties owned by Indianapolis-based Premier Properties USA
Inc., the financially troubled development company run by Chris White.
A three-year project to build a new convention headquarters hotel along West Street now is scheduled to begin on June 1, immediately after the Indianapolis 500, said Mike Wells of developer REI…
The city’s 2012 Super Bowl bid committee set up a Web site, www.our2012sb.com, in mid-February to encourage input from the
community–adopting a more inclusive approach than organizers did last year when bidding on the 2011 game.
The lowest bid for building the first leg of the Interstate 69 extension from Indianapolis to Evansville came in at $25.2 million – well below the $41.9 million anticipated by the Indiana Department of Transportation. The bid by Clarksville-based Gohmann Asphalt & Construction Inc. could be a harbinger that the cost of the extension will […]
Organizers putting together Indianapolis’ bid for the 2012 Super Bowl have established a Web site – www.our2012sb.com – that they hope will become a breeding ground for public comments and suggestions to build their pitch. Also unveiled in a formal announcement of the bid this afternoon is a community advisory council that will gather ideas […]
More than 2,500 people have signed petitions opposing a proposed land swap that would make room for more retailing in Terre Haute. Responding to rising retail competition from Plainfield and Evansville, Terre Haute developers Gibson Development and Thompson Thrift want to swap 72 acres they own plus pay $9.2 million in return for the county […]
Mayor Greg Ballard this morning announced his leadership team for the 2012 Super Bowl bid but said the city will review the National Football League’s requirements before making a final decision whether to bid. Bids are due April 1. Ballard said a final decision about the bid will be announced by mid-February. Despite the hedging, […]
