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Will Miller’s burden at Irwin Financial

Will Miller, the fifth generation to run Irwin Financial Corp., is in danger of being the scion at the helm as the family
business hits the wall.

Anticipated development near stadium isn’t materializing

Not long ago, developers seemed to vie for every square inch of open ground in the vicinity of the just-completed Lucas Oil
Stadium. These days, the entire neighborhood has been pushed, if not into a financial deep freeze, then at the very least
to the back of the crisper drawer.

Commission OKs Ameriplex, Rexnord tax abatements

The Metropolitan Development Commission this afternoon approved two requests for property tax abatement, including one for
a mammoth development known as World Connect at AmeriPlex.

Local health care industry tries to capitalize on migraine headaches

Migraines cost American employers $20 billion a year in decreased worker productivity. Such
a frequent and uncured disease stands as a huge business opportunity for the health care industry, including locally based pharmaceutical giant Eli Lilly and Co.

UPDATE: Simon remembered for vision, courage

A Friday funeral is planned for a man who made a fortune building shopping malls across the U.S. and later became a prolific
philanthropist in his adopted hometown of Indianapolis. Melvin Simon, 82, succumbed this morning after a battle with pancreatic
cancer.

First-time homebuyers boosting residential sales

Low-priced homes and foreclosures are driving a large chunk of residential real estate sales in Indianapolis, largely due
to first-time home buyers taking advantage of a federal tax credit, according to a report released today by Re/Max of Indiana.

Irwin Financial admits outlook dire

Shares of Irwin Financial Corp. plummeted this morning after the banking company disclosed that regulators have ordered it
to bolster its capital by the end of the month to levels “it has no realistic prospect of achieving.”

‘Community icon’ Melvin Simon dies

Melvin Simon, a tailor’s son who earned billions building shopping malls across the U.S. and later became a prolific
philanthropist in his adopted hometown of Indianapolis, has died. He was 82.

A beachhead in Warsaw

The launch of the orthopedics not-for-profit OrthoWorx is quite an accomplishment in Warsaw, where some of the world’s
biggest companies fight tooth-and-nail.

Groups take sides in debate over Sunday alcohol sales

Supporters and foes of repealing Indiana’s ban on Sunday take-out alcohol sales made their cases before a group of lawmakers yesterday in a preview of what could be a divisive debate in the next legislative session.

Airport memo: Republic could bring 750 jobs to Indianapolis

Locally based Republic Airways Holdings, which earlier this month said it could move up to 400 jobs gained through its
Frontier Airlines acquisition to Indianapolis or Milwaukee, has hinted it may move nearly twice that number to its headquarters
city.

Blockbuster to close as many as 960 stores nationwide

Blockbuster is planning to close as many as 960 stores by the end of next year. That would shrink the video rental chain by
more than 20 percent as it struggles against stiff competition from Netflix and Redbox.

Adesa parent takes first step to becoming public company

KAR Holdings Inc., parent of the Carmel-based auto-auction firm Adesa Inc., has announced its intentions to become a publicly
traded company. KAR filed its registration statement for the initial public offering yesterday with the Securities
and Exchange Commission.

Apartments near downtown canal slated for rehab

A local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.

You are green: Now what?

IBJ Daily readers are keenly interested in environmental issues, if a poll conducted by IBJ in conjunction with Walker Information
is any indication.