US Airways Inc. has told the creditors committee of bankrupt Delta Air Lines Inc. that it will boost its $9.8 billion hostile takeover by $1 billion if the committee demands Delta allow US Airways to conduct due diligence, according to The Wall Street Journal, quoting unnamed sources. Delta also would have to postpone a Feb. […]
Three Shelby County development organizations have formed a coalition to support the toll road Gov. Mitch Daniels wants to build around the east and south sides of Indianapolis, according to the Shelbyville News. Shelby County and Morristown chambers of commerce and Shelby County Development Corp. say their coalition is in the spirit of an earlier […]
Indianapolis airport officials are considering building a smaller version of FedEx’s 2-million-square-foot hub here, one
that could accommodate several cargo carriers from around the globe. The “international air cargo facility” could be up to
several hundred thousand square feet large and could cost tens of millions of dollars to build.
Until now, gaining entrance into the exclusive nine-hole golf course built on 40 acres next to the Indianapolis Metropolitan
Airport in Fishers was as difficult as a commoner scoring an invitation to a royal palace. But admittance to Balmoral is loosening–a
little.
No more. In Miami, the daunting requirements for hosting the game began to make more sense. The city’s strengths came into focus. Extensive tours of the stadium, media center, team hotels and practice facilities, along with hours of meetings with NFL brass and officials with other host cities, left the contingent feeling Indianapolis is ready for a Super Bowl. The group hopes to raise $25 million in private funds to host the game in 2011. “It was a terrific trip…
While he was a student at Indiana University, Tim Worthington spent summers washing dishes, cooking breakfast and delivering room service for locally based General Hotels Corp. It was the beginning of a 31-year career that would include 14 years as president of the company. Worthington, 60, retired last February but quickly realized he wanted back in the action. So he and partner Michael Arnold, also a former employee at General Hotels and a 20-year veteran of the hotel industry, launched…
Big-name restaurants scouting for Indianapolis locations have snubbed the south side for years. Eateries like Champps, Cheesecake Factory and Rock Bottom Brewery headed north, drawn by upscale developments and affluent neighborhoods, or downtown to capitalize on the high-traffic from convention visitors. But now, more high-end restaurants are showing interest in the south side, local retail brokers say. Among the chains looking are Fox & Hound, Champps and Old Chicago, a pasta and pizza concept that’s part of the Rock Bottom…
T h e m a n a g e – ment team at Duke Realty Corp. is proving itself adept at juggling these days. The Indianapolis-based industrial, office and retail developer wowed Wall Street with a 25-percent increase in fourth-quarter funds from operations, a key measure of performance for Duke and other real estate investment trusts. The company received a lift, in part, from a spate of property sales. But the solid results weren’t an aberration for the relatively low-profile…
On Feb. 20, Plainfield-based cell phone distributor Brightpoint Inc. announced a blockbuster deal to buy Dangaard, its largest
European rival, for $308 million, a reversal of fortunes from five years ago between the competitors.
Evansville Regional Airport plans to ask US Airways Inc. to resume flights to Indianapolis six years after the Tempe, Ariz., carrier pulled back in the wake of the 2001 terrorist attacks. Airport Manager Nelson Bailes also hopes to persuade the airline to fly between Indianapolis and South Bend, according to the Evansville Courier & Press […]
In the Democrats’ field of potential candidates to unseat Gov. Mitch Daniels, there are few household names. That’s why they’re
preparing to spend the next 19 months introducing you to Jim Schellinger.
Marvin Miller is representing a landowner trying to sell 125 acres just north of Indianapolis International Airport. But Miller
wants him to give away some of the property to persuade California-based Lucas Oil to move its headquarters there, jump-starting
the stagnant area in the process.
PROFILE ELIZABETH HAHN ELLIS Love of sports, organization really ‘peying’ off Foundation director coordinates philanthropic moves for Colts quarterback Peyton Manning There’s hardly a Hoosier today who hasn’t heard of Peyton Manning and his amazing plays on the field. But quietly coordinating the philanthropic plays behind the scenes for Manning’s PeyBack Foundation is Indianapolis native Elizabeth Hahn Ellis. As executive director of the 7-year-old charitable foundation, Ellis, 36, deftly fields requests from not-forprofit organizations seeking grants, contributions from individuals and…
Don’t rest the chopsticks on your food. Don’t blow your nose during the meal and never pour the soy sauce on your rice. These and other tidbits of Japanese dining etiquette had to be digested before our first trade mission to Japan in 2005. That 74-person mission, led by Gov. Mitch Daniels, was the largest delegation of Indiana business leaders and state and local officials ever on foreign shores. Indiana is the No. 1 manufacturing state in the union. More…
Indiana University Kelley School of Business students will market and sell five lots along a strip of white sandy beach on
secluded Dog Island, Fla., as a class project that likely will span
several semesters. Whatever the students get for the land will be all profit.
Not only did airport tenant FedEx cancel its order for the cargo version of the “superjumbo” last November, but no other carriers have indicated they’ll likely use the super-jumbo here, said airport Director Patrick Dooley. Nor, Dooley added, is there a compelling case to be made for taxiway upgrades merely as a contingency for A380’s being diverted here occasionally from Chicago’s O’Hare International or other airports. So managers are removing all references to the A380 in a long-range airport plan…
Feb. 4, 2007, will be a day fondly remembered in Indianapolis for generations to come. It was the day the Indianapolis Colts emerged victorious from Super Bowl XLI. The Super Bowl media exposure, combined with the city’s proud history of organizing and hosting some of the world’s largest sporting events, should position us well to serve as host for the 2011 Super Bowl. Already, a host committee has been formed and seed funds committed. The General Assembly has passed legislation…
Entering her third year as Ball State University’s president, Jo Ann Gora has earned a reputation in business and political
circles as a shrewd, aggressive ambassador for the 19,500-student university. And by all measures, she’s just gotten started.
The Indianapolis Airport Authority has tapped Mansur Real Estate Services Inc. to develop a $50 million-plus Westin hotel
at the new midfield terminal. But the hotel’s final design may be one submitted by a former competitor, White Lodging Corp.
of South Bend.
It was late 2005 when attorney Jonathan Polak received a phone call that ultimately launched an unprecedented legal strategy to force the evasive O.J. Simpson to start paying off his $33.5 million wrongful death civil judgment. Polak, 38, who chairs the intellectual property practice group at Indianapolisbased law firm Sommer Barnard PC, was awaiting a flight at John F. Kennedy International Airport in New York City when the call came in from Karl Manders. Manders, 55, owns Indianapolis-based Continental Express…
