My excitement must have been evident to everyone on the street. I was being pulled in a rickshaw though the Indianapolis streets that Mayor Ballard had designated as the local Chinatown. There was a bicyclist providing the muscle power. He was about my age, an older fellow who needed the job, probably to supplement his […]
At first glance, the smart way to profit from the real estate downturn seems obvious: Buy foreclosed homes, fix them up and resell them for a profit. After all, there’s no shortage of supply. In February, Marion County alone had 1,640 new foreclosure filings. There’s just one hitch. The strategy that fueled such TV programs […]
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 A Statehouse proposal to bail out the group that oversees Indianapolis’ sports facilities is loaded with potential benefits for other cities and counties – but taxpayers could have to open their wallets to pay for some of the perks. A bill moving through the General Assembly […]
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 A Statehouse proposal to bail out the group that oversees Indianapolis’ sports facilities is loaded with potential benefits for other cities and counties – but taxpayers could have to open their wallets to pay for some of the perks. A bill moving through the General Assembly […]
Instead of buying and selling, investors with ready cash are buying houses at substantial markdowns, turning them into rental
properties and sitting tight until the market improves.
A partnership of electric utilities and technology companies is intent on making Indianapolis the first city in the nation to test plug-in electrics on a mass scale, perhaps starting later this year.
Fully 40 of Indiana’s 92 counties derived more than half of their earnings from commuters bringing back their compensation from somewhere else.
Congratulations to Lucas Oil Stadium Director Mike Fox, assistant Andy Arnold and the amazing crew at the stadium for transforming the venue into an intimate, 40,000-seat basketball venue for the NCAA’s Midwest Regional.
The Indiana War Memorials Commission’s proposal to build a USS Indianapolis submarine memorial on the east bank of the Canal just north of the existing
USS Indianapolis (cruiser) National Memorial would unwisely occupy nearly the last piece of green space on the Canal.
Indianapolis Mayor Greg Ballard and other city officials will travel to Brazil in May to explore renewable-energy production,
in hopes of making the city a leader in the technology.
Evansville officials have a downtown site in mind for a new 11,000-seat arena that they hope to start building this summer. Some business owners located in the two-block area, however, are clear that they want to stay. Much of the property is owned by the O’Daniel family, which operates D-Patrick Ford on the site. The […]
About 1,800 Indianapolis-area AT&T workers could go on strike if they don’t reach a deal with the company soon. Their contract expired Sunday morning, but they showed up for work today. The union is trying to keep AT&T from raising health care insurance premiums. AT&T said it is paying 92 percent of the health care […]
I’m guessing that many of you have already seen the e-mail that is being circulated prodding you to join a rally on Monument Circle April 20 designed to “increase awareness of the importance of the arts to the local economy…
The federal government said last night it will bump up a rate used to figure Medicare Advantage reimbursement to insurers by nearly 1 percent, but many analysts expect overall payment rates to fall next year. The Centers for Medicare & Medicaid Services said the national average growth percentage per capita for Medicare Advantage plans would […]
Leading local arts backers Jane Fortune and Robert Hesse are the driving forces behind Indianapolis City Ballet, a new professional dance company, IBJ learned this morning. Indianapolis has been without a high-profile professional ballet company since Ballet Internationale folded in November 2005 with $1 million in debt. Hesse has been working on the concept and […]
Leading local arts backers Jane Fortune and Robert Hesse are the driving forces behind Indianapolis City Ballet, a new professional dance company, IBJ learned this morning. Indianapolis has been without a high-profile professional ballet company since Ballet Internationale folded in November 2005 with $1 million in debt. Hesse has been working on the concept and […]
A new government subsidy that helps the unemployed keep health insurance has left recession-weary employers nervous about the financial hit they may take if more people stay covered under their plans. Though the subsidy covers most of the premium, many employers are still worried they’ll be left holding the bag on costs, according to a […]
Eli Lilly and Co. has sold the rights to sell the diabetes drug Actos in seven countries to Takeda Pharmaceutical Co., Asia’s biggest drugmaker, Bloomberg News reported this morning. Takeda will sell Actos in Canada, Belgium, Denmark, Norway, Sweden and Turkey, a company spokesman told Bloomberg yesterday. Terms of the deal were not disclosed. Takeda […]
A top state senator said yesterday he would likely drop his proposal to double Indiana’s alcohol tax statewide to help fund the agency that runs the major Indianapolis sports stadiums and the Indiana Convention Center. Senate Appropriations Chairman Luke Kenley (R-Noblesville) told The Associated Press that he was probably going to amend his proposal next […]
For more on the role a new downtown hotel will play in CIB’s rescue plan, see Peter Schnitzler’s story in this weekend’s IBJ. The Indianapolis Capital Improvement Board’s finance committee yesterday afternoon recommended slashing an additional $1.1 million from the organization’s budget in an ongoing quest to eliminate an expected $47 million shortfall. The CIB’s […]
