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Study finds $124M in visitor spending at fairgrounds

The Indiana State Fairgrounds generated $124 million in visitor spending in 2011 and has an annual impact on the local economy similar to a factory employing 500 people, according to a study released Wednesday.

Sleeping-products event a real eye-opener

About 3,200 visitors are in the city as part of the International Sleep Products Association’s biennial event, which showcases the latest technology in mattress manufacturing.

What’s New: Grateful Pet

Melissa Kelly and Zach Pierson, who opened delivery service Grateful Pet LLC in July and are bootstrapping the business through Kelly’s day job.

Analysts lukewarm to Allison ahead of market debut

Shares of Allison Transmission Holdings Inc. are expected to begin trading Thursday, but the early reaction to the IPO from analysts is lukewarm. The locally based company’s private-equity owners are offering 21.7 million shares for $22 to $24 apiece, which could raise as much as $522 million.

Emmis vote could deal blow to preferred shareholders

Emmis Communications is calling a special meeting where investors will be asked to eliminate the right of preferred stockholders to receive millions of dollars in dividends. The firm also seeks approval for a reverse stock split that would prevent a looming NASDAQ delisting.

Annual profit, revenue rise for Noble Roman’s

Noble Roman’s saw royalties and fees from traditional franchises decrease last year, but royalties and fees from non-traditional franchises increased, and the company saw more growth from take-n-bake products.

Lower unemployment means no more extended benefits

About 10,000 Indiana residents who have been unemployed for more than 79 weeks will no longer be eligible to receive 20 more weeks of extended federal benefits after April 15 because the state's three-month average unemployment rate is no longer 110 percent higher than it was three years ago.

Also this week

“An Evening with America Ferrera,” March 20, features a free discussion with the actress at Clowes Hall. Details here. 

Young musicians from around the country gather for the Music for All National Festival, March 15-17, featuring many public performances. Details here. 

American Pianists Association presents Marc-Andre Hamelin at the Indiana Landmarks Center, March 18. Details here. 

Diva Fest, March 16-25 at the IndyFringe Basile Theatre, features new plays by female playwrights. Details here. 

Christopher O’Riley brings his NPR program “From the Top” to the Palladium, March 21. Performers include 11-year-old Bloomington violinist Nathan Meltzer. Details here. 

Krzysztof Urbanski leads the Indianapolis Symphony Orchestra in a performance of “The Planets,” March 16-17. Details here.

“A Coward Cabaret”

March 16, 17, 24

Indiana Repertory Theatre

In Noel Coward’s play “Fallen Angels,” no one has to worry about the maid stealing the silverware. But they should worry about her stealing the show. As past productions of the slight comedy have indicated, that role is ripe for such theatrical larceny.

In the play, two married women who had past relations with the same guy anticipate the return of their former beau while their husbands are out on a golfing excursion. For years, the play didn’t seem to have the cache of Coward’s “Private Lives” or “Hay Fever,” but it has seen a spate of recent revivals, including this one at the IRT. Details here. 

There’s even more Noel Coward in store for those who catch “A Coward Cabaret” featuring Steven Stolen in an intimate concert at the IRT. Details here.

Teachers trust fund broker reaches settlement

David Karandos, a broker who advised the Indiana State Teachers Association Insurance Trust before it collapsed in 2009, has reached a settlement. Karandos agreed to a 75-day suspension from working in the securities industry and may pay up to $50,000 in restitution.

Leadership Through the Arts: Krzysztof Urbanski

March 21

Atherton Union, Butler University

The Indianapolis Symphony Orchestra’s Krzysztof Urbanski is the youngest music director of any North American orchestra. What does he have planned for the ISO and for Indianapolis? Here’s an opportunity to find out in a free forum. Butler Dean Ron Caltabiano leads the chat. Details here. 

“Freud’s Last Session”

March 15-April 15

Phoenix Theatre

My last round of quality time spent with the work of playwright Mark St. Germain was listening to a recording of his play “Camping with Henry and Tom,” which concerned a meeting between Henry Ford, Thomas Edison, and Warren Harding. Since then, St. Germain has earned even more acclaim for another fictionalized meeting between historical figures.

This one, “Freud’s Last Session,” focuses on an imagined conversation between Sigmund Freud and C.S. Lewis. A hit elsewhere, it’s getting its local debut at the Phoenix Theatre featuring Purdue University’s Gordon McCall and Scot Greenwell, one of IBJ’s “clutch hitter” actors (see video here). If you have a penchant for smart dialogue, this could be the show for you. Details here.

County commissioner pushes to invalidate I-69 vote

A Monroe County commissioner is pushing to invalidate a Bloomington planning panel's vote that added a contentious section of the Indianapolis-to-Evansville Interstate 69 extension to the group's local highway plan.

Patients accuse doctor of assault

An Indianapolis doctor is accused of sexually assaulting some of his patients. Dr. Segun Rasaki was arrested Monday on sexual battery charges. Two patients told authorities that the doctor touched and fondled them inappropriately in an examining room. Police are asking any other patients with similar experiences to come forward. Rasaki denied the charges. His license to practice will remain active, but his ability to prescribe certain medications has been suspended.