Corporate shareholders should demand more
Free marketers cringe at the thought of government interference, but the fact is that the taxpayer is now a significant shareholder in a number of financial businesses.
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Some female small-biz owners anticipate boost from changes by new administration
Some local women business owners are encouraged by the election of President Barack Obama and his appointment of a new chief at the Small Business Administration who is thought to be especially interested in the needs of women-owned businesses.
Fight brews over liquor distribution in Indiana
A Florida firm is suing to overturn Indiana’s resident-ownership law regarding liquor.
Workplace smoking policies move backward
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.Credit crunch creates bond crisis for CIB
The Capital Improvement Board’s $43 million in debts must be settled soon, or the entity may not be able to survive.
An open letter to Indianapolis Colts owner Jim Irsay
Jim, you could engender so much good will if you would step forward and provide some short-term relief by paying more toward the operating costs of Lucas Oil Stadium.
Arts leaders brainstorm for new funding streams
A panel convened by IBJ discusses the lack of funding dilemma and need for broad-based support in the Indianapolis arts community.
CIB failure isn’t an option
Creativity and transparency are required to fix the Capital Improvement Board’s financial woes.
NFP of NOTE: Fairbanks
Fairbanks is focused on recovery from alcohol and other drug problems, serving as a resource to improve the well-being
of individuals, families and communities by offering hope and support through its programs and services.Indy’s sports strategy under fire
Twenty five years ago, Indianapolis rolled the dice, betting that building this town on sports—amateur and professional—would be a good way to shed the Nap-town image that had dogged the city. The gamble paid off for decades, but now it’s…
CIB approves new round of cost-cutting-WEB ONLY
The Indianapolis Capital Improvement Board yesterday approved $5.8 million in cuts to its annual budget and agreed to defer an additional $2.3 million in building-maintenance costs this year in an effort to shave its swelling operating deficit. The CIB revealed late last month that it is facing a $43 million annual operating shortfall due to […]
Senator says teams willing to work on shortfall-WEB ONLY
State Sen. Luke Kenley (R-Noblesville) said yesterday that both the Indianapolis Colts and Indiana Pacers are interested in helping the city’s Capital Improvement Board dig out of its $43 million annual operating deficit. Kenley, chairman of the Senate Committee on Appropriations, said he has met with each team’s representatives to address budget shortfalls plaguing the […]
Colts, Pacers state financial case
Sen. Luke Kenley, R-Noblesville, a key fiscal leader in the state legislature, has been busy in the last week meeting with members of the Indiana Pacers and Indianapolis Colts. The primary topic: The…
Ideal places for public companies
Just as an Indiana company goes through the nationâ??s first initial public offering in months, its executives
ratchet up their plans to move the headquarters out of state.Mead Johnson, the Evansville baby formula maker, staged a successful IPO…
Reviews: Cirque and Feinstein
There’s not enough room in my IBJ print column this week to discuss all I’m seeing this week. Plus, I wanted to get word to you on these two while they are still in town. So here’s two quick reviews:
First,…
State thinking clean-WEB ONLY
The Central Indiana Corporate Partnership-the parent of the BioCrossroads, TechPoint and Conexus industry cluster initiatives-let it be known last month that there would be a fourth leg to its economic development stool: clean technology. The new initiative is known to insiders as the Indiana Energy Systems Network and has been under the reins of Paul […]
Mall backers may take hit-WEB ONLY
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 […]
Indians pull own weight-WEB ONLY
The Indianapolis Indians are a financial all-star. Not only does the AAA minor-league baseball franchise bring 600,000 people downtown each spring and summer, the team is profitable-it scored $1.23 million last year. Some local officials wrestling with the Capital Improvement Board’s $37 million deficit think part of that profit should come into play. With a […]
SPORTS: Finding bright spots amid wave of bad sports news-WEB ONLY
Locally, the Capital Improvement Board is swimming in red ink and trying to figure how to fund our glistening sports venues-Lucas Oil Stadium, Conseco Fieldhouse and Victory Field. The Indiana Pacers report losing money nine of the last 10 years. And this year’s team seems to be sliding toward a spot in the NBA draft […]