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City-County Council OKs hotel tax hike

The City-County Council voted 15-14 last night to approve raising the local hotel tax from 9 percent to 10 percent in a move
intended to help the cash-strapped Indianapolis Capital Improvement Board close a $47 million operating deficit.

Manning drives value of jersey spot

After watching heavy doses of ESPN SportsCenter this weekend, it’s easy to see why the Indianapolis Colts are one of only a handful of NFL franchises so far to sell an ad on…

Deal to save winged canopy

A compromise between an historic preservation group and a local business owner will save an iconic “bat-wing” canopy outside a downtown gas station.

White Rabbit news

Wondering what’s up with Fountain Square’s new White Rabbit Cabaret? (See Property Lines blog here.)

Debra Silveus, a partner in the new 2000-square-foot, 100-person capacity venue, tells me that her new space will include, but won’t be limited to,…

Good reasons for AI acquisition

I’ve heard from a lot readers about the possibility of the Indiana Pacers acquiring guard Allen Iverson. And the topic got quite a bit of banter on the market’s two leading sports talk…

United Way turns to the rich

The wealthy in the Indianapolis area arenâ??t carrying their weight in supporting United Way of Central Indiana,
according to an analysis by the not-for-profit    comparing places including Cincinnati, Milwaukee and Columbus,
Ohio.

The Indianapolis chapter has 22 â??principalâ?? donors, defined as…

College Park theater closes

The AMC Loews College Park 14 movie theater has closed after a 25-year run at West 86th Street and Michigan Road. The outdated theater in the Walmart-anchored complex couldn’t compete with Showplace 12 at Traders Point, which opened a few years ago

You-review-it Monday

This weekend, for me, included a shift with “Pump Boys & Dinettes” at Indianapolis Civic Theatre, a visit with the kimodo dragons at the Indianapolis Zoo, and exposing two more people to “Memory Cloud,” the new installation at the entrance to the Indianapolis…

Indianapolis Motor Speedway CEO takes over at difficult time

New Indianapolis Motor Speedway CEO Jeff Belskus has long been a behind-the-scenes figure at IMS. As the new leader of the
Brickyard and the Indy Racing League, he faces several challenging issues, including gaining the confidence of the racing
community.

IRL TV ratings down in Kentucky

The Meijer Indy 300 at Kentucky Speedway earned a .14 national television rating, according to Nielsen Media Research. The rating means 165,000 TV households nationwide watched the race which aired on Versus cable…

CIB regrouping, still aiming to close budget hole

The beleaguered Indianapolis Capital Improvement Board has whittled its anticipated 2010 deficit of $47 million to only $5 million. But how it slashed $7 million since the end of the Legislative special session and how it proposes to close the final gap are a mystery.

Is Iverson the answer for Pacers?

How desperate are the Indiana Pacers to sell tickets? Allen Iverson might be The Answer. The 34-year-old guard is available and some NBA insiders say the Pacers could use his scoring punch alongside…

How â??bout that state fair!

Thereâ??s nothing quite like a state capital to blunt a crummy economy. Not only are legions of government
workers paid regardless of how the private sector performs, but capitals also have lots of small gold mines
â?? like state fairs.

In…

Credit unions to pay hefty tab for bailouts

Local credit unions largely avoided putting toxic assets on their own balance sheets. Even so, they’re going to have
to pay millions of dollars to clean up their industry’s books.

United Way calling on well-heeled to dig deep

After so many years of trying to tap every possible cubicle-dweller for donations, United Way of Central Indiana is putting
more effort into the richest veins in the workplace—the folks in corner offices.

IBJ movie night: ‘District 9’

Here are two opportunities to take an early look at “District 9,” the acclaimed new science fiction film about alien refugees on Earth. (More details on the film here, but isn’t it a lot more fun going in without…

Hill-Rom profit drops, beat expectations

Hill-Rom Holdings Inc. topped analysts’ expectations in its fiscal third
quarter even as hospital-spending cuts clipped its revenue by 9 percent, the company announced late yesterday.