New IRL boss could lead to front-office shake-up
Though they both want growth, it’s not clear that Indy Racing League’s new boss can coexist with current commercial division
president.
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IBJ Media president leaving after 30 years
Chris Katterjohn told IBJ employees Friday morning that he would leave at the end of February. Katterjohn has spent 30 years with the firm, including the past 20 years as publisher of the company’s flagship Indianapolis Business Journal.
Local investment firm sold
Indianapolis-based Redwood Investment Advisers Ltd. has been purchased by a firm in Portland, Ore. Redwood, whose clients
include physicians and physician groups, has $350 million in assets under management.
Patrick’s stock-car foray wins sponsor big-dollar exposure
Danica Patrick’s initial thrust into stock-car racing earned her sponsor $230,000 in media exposure, according to a research
firm. Her next race on Feb. 13
should generate much more.
Local officials interested in hosting NBA All-Star Game
With Lucas Oil Stadium and other new city amenities to show off, local sports and tourism officials are considering making
a bid for the NBA’s midseason blowout weekend.
Clumsy robber fumbles cash at Shack
Metro police are looking for a man accused of robbing a local Radio Shack store on Thursday. Surveillance video shows that
it was anything but the perfect crime. The thief pulled a gun inside the store on East Washington Street, and when the clerk
handed him cash, he dropped it all over the floor. The suspect scrambled and tried to exit the store, but instead fumbled
again, dropping the money outside. Witnesses say the thief took off in a silver Nissan Altima with front-end damage.
Crews try to put lid on potholes
Now that they’ve cleared much of the snow, Indianapolis Department of Public Works crews are stashing the plows and
switching to pothole patrol. City officials say they attempt to repair the gashes in streets within two days of receiving
a complaint, but the latest snowfall has caused delays. Drivers can file claims with the city for pothole-related damages.
For example, motorist Delisa Brown told Fox59 that her car needed $3,500 in repairs after a pothole incident and that she
has asked the city to refund her. Fox59 will have more at 4 p.m.
Opera chief: Group won’t fold
Forced to cancel its upcoming production of “The Mikado,” the Indianapolis Opera hopes more cuts will help fill a $400,000
budget gap.
Columbia City plant to close, nixing 135 workers
Fort Wayne Foundry Corp. will shutter the auto parts factory for the second time in a year, as its jobs head to Mexico, according
to a union official.
Notre Dame to raise tuition to about $40,000
The University of Notre Dame says it will raise tuition 3.8 percent for the 2010-2011 school year—the smallest increase
since 1960.
Indiana-made Humvee could soon be an Army relic
The Army provided no new money for the Humvee in the service’s recent budget proposal, and a spokesman says the 2,620 vehicles
ordered from Mishawaka-based AM General will be the last as the Army moves on to newer designs.
State jobless fund tax increase becomes hot topic
Whether to delay increases in taxes that employers pay to Indiana’s unemployment insurance fund is becoming a
contentious issue in the General Assembly.
Judge weighing request to unseal Fair Finance records
A federal judge is weighing whether to unseal search-warrant documents related to the federal investigation of businessman
Tim Durham and Akron, Ohio-based Fair Finance Co. following a hearing Thursday in Youngstown, Ohio.
Brand Acceleration signs new client in North Carolina
ndianapolis-based Brand Acceleration Inc. recently signed a deal to be the public relations agency of record for Stanley
County Economic Development Commission in North Carolina.
East-west rail line could boost Indianapolis’ core
With traffic congestion growing, the idea of sending streetcars zipping down Washington Street—from
far-east-side Cumberland to Indianapolis International Airport on the west—is making a return. And
the route could offer the best bang for the buck in spurring transit-oriented development.
Census expected to show Hamilton County tops in coveted demographics
Hamilton County is poised to become the demographic all-star of the decade. Its 269,785 residents make up the fastest-growing,
most educated and wealthiest county in the state, according to estimates from the Indiana Business Research Center.
Clarian, IU plan $100 million neurosciences center
Clarian Health and the Indiana University School of Medicine want their planned neurosciences hub to become a destination
for patients suffering
from brain, nerve and mental maladies—and for the government and industry research dollars that can
fuel advances in care.
State exporters poised to benefit from Obama effort
Overseas sales are a major emphasis for Indianapolis-based Peerless Pump, which makes highly engineered pumps for fire suppression,
factories and waterworks. President Obama’s administration wants to help rebuild the U.S. economy by putting more companies
on Peerless’ trajectory.