A legal fight is brewing over a 2.3-acre parking lot sandwiched between the RCA Dome and Lucas Oil Stadium. The state is seeking
to acquire the property through eminent domain and is fighting an appraisal that puts its value at $7 million. The owners,
meanwhile, contend the land is worth about twice as much.
How’s this for irony? The state’s nowscuttled plans to raze N.K. Hurst Co.’s headquarters to make way for Lucas Oil Stadium parking would have paved over a long-standing Colts game-day tradition. The Indianapolis-based bean company has hosted Colts tailgate parties before every home game since the 1980s. Its McCarty Street parking lot-known as Hurst Bean Field-is a short stroll from the RCA Dome and in the shadows of the Colts’ new home, making it a hit with tailgaters. “It’s a…
Perhaps the most performed American opera, “Susannah” tells of a good woman brought down by the hypocrisy of her Appalachian town. Spotted bathing nude in a creek by townspeople looking for a spot for revival meeting baptisms, the parentless 19-year-old’s reputation and spirit are soon destroyed by gossip-and the visiting preacher. It’s an opera with sex (implied), death (thanks to an angry brother), religion (including a revival service) and-something you don’t see in many operas-square dancing. What it also has…
The Indianapolis Colts are scoring sponsors for their new venue as fast as quarterback Peyton Manning engineers victories for the undefeated team.The Colts have nailed down their third, multi-million dollar sponsorship deal within a month. At noon today, team officials announced from their 56th Street training complex that Baker & Daniels LLP has signed a […]
Indianapolis is being mentioned as a possible site for the 2011 College World Series, which appears to be in play. In a recently released list of future NCAA championship events, the 2011 baseball series is listed with no host site beside it. Omaha has a deal to host the event through 2010. “If the event […]
After unwrapping his luggage from its seal of shrink-wrap, Mark Long reviewed his notes for the upcoming seminar. He hardly needed them. Long, CEO of Indiana University’s Research and Technology Corp., has spoken many times about how academics transfer their research discoveries to the market. But this was the first time he ever delivered the speech in Siberia. The audience-a group of business and academic leaders-ultimately could help Hoosiers access a treasure-trove of Russian technologies. “They have a lot of…
Indiana University and the state’s Office of Technology have sought an emergency order from regulators to halt a Colorado
company’s further assimilation of an Indianapolis fiber provider it bought Oct. 1.
Advantage Health Solutions Inc. has entered a six-year agreement with the Indianapolis Colts Inc. that includes naming rights to the area for club ticket holders on the west side of Lucas Oil Stadium, the Indianapolis-based health insurer said today. The deal also includes radio, television and print advertising, and the opportunity for Advantage to work […]
What should be done with Beautiful Bush Stadium? The city has ordered appraisals of the historic ballpark as a first step toward eventual reuse or demolition. The Indianapolis Indians played in the…
Indianapolis has initiated the redevelopment process for Bush Stadium, its shuttered sports landmark. The Metropolitan Development
Commission has hired a pair of local firms for $25,000 to appraise historic Bush Stadium–a first step toward reuse or, more
likely, at least partial demolition.
Jim Cornelius had such success selling Guidant Corp. last year that analysts can’t stop speculating when he’ll pull off a mega-merger at B r i s t o l – M y e r s Squibb, the firm he now leads. How about pairing it, for instance, with Eli Lilly and Co., where Cornelius used to be chief financial officer? “We’re about the same size. Both Sidney Taurel and John Lechleiter are former colleagues and good friends. You can never…
Two of the city’s largest and most visible construction projects so far have committed roughly $300 million in contracts to minority and women business owners-a healthy sum that has the owners meeting most of their obligations. The $1.1 billion midfield terminal at the Indianapolis International Airport and the $700 million Lucas Oil Stadium are on pace to be finished the second half of 2008. All told, that’s roughly $1.8 billion in construction contracts that ultimately will be awarded. With 80…
Insurers are split in their support of legislation that could significantly alter the way they do business by creating a federal agency to regulate the insurance industry. The National Insurance Act of 2007, introduced by Reps. Melissa Bean, D-Illinois, and Ed Royce, R-California, would let insurers choose whether to be regulated by the new system or continue to receive oversight from the states. The current way in which insurers are regulated gives the states authority to set industry standards. The…
A record 116 patents were filed by Indiana University faculty and staff in the fiscal year ended in June, the IU Research & Technology Corp. said today. The figure was roughly double the number of the past three years. Activity had retreated following a surge early in the decade. Five businesses were created, also an […]
Bill Stephan has been named vice president for engagement at Indiana University, where he wrote an economic development plan three years ago. The announcement was issued today by IU and Clarian Health Partners, where Stephan is senior vice president of community relations and corporate communications. Stephan will be responsible for leading economic development initiatives of […]
Indianapolis-based Compendium Software said today that it has attracted $1.1 million in funding from local angel investors. Compendium offers tools to help businesses create, manage and search-optimize blogs. The startup was founded six months ago by Chris Baggott, who also co-founded the fast-growing e-mail marketing software firm Exact Target, which now has more than 250 […]
It read, “The hurrier I go, the behinder I get.” That’s the way I feel about technology. For every step I take forward, I fall two behind. A couple of weeks back, my trusty home laptop computer broke down. So, nearly, did I, especially as I pitched myself into the world of repair (it could’ve been fixed, but it was price-prohibitive) and then into retail (did the salespeople notice how my eyes glazed over as they launched into their wi-fi,…
NASHVILLE, Tenn.-National Football League owners today awarded Dallas the 2011 Super Bowl, dashing Indianapolis’ hopes of strengthening its status as a sports powerhouse. The 32 team owners voted by secret ballot following 15-minute presentations from representatives of North Texas, Arizona and Indianapolis. Owners of the Dallas Cowboys, Arizona Cardinals and Indianapolis Colts also addressed their […]
NASHVILLE, Tenn.-The team pitching Indianapolis as a potential Super Bowl city is huddling with NFL staff this afternoon, preparing for tomorrow’s vote on a site for the 2011 game. Local representatives, including Baker & Daniels partner Fred Glass and Deputy Mayor Steve Campbell, expected to get last-minute feedback and have the opportunity to respond to […]
Campaign finance records through the first quarter of 2007 show Rudy Giuliani, the former New York mayor, has raised $176,950
in Indiana. That’s more than twice as much as one-time Massachusetts governor Mitt Romney, his closest Republican rival.
