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We interrupt this program for a special news bulletin. For the next two minutes, you must not agonize, à la my friend Dik, as your 401(k) becomes a 104(k). You must set aside all “move-that-bus” mania. You even must abandon your angst over the next finalist axed from “Idol.” Instead, because President Barack Obama and […]
The pressure on Indianapolis’ new downtown JW Marriott convention hotel to perform-despite the recession-is about to increase exponentially. The Marion County Capital Improvement Board’s bailout depends on it. CIB, which manages the city’s professional sports stadiums and its convention center, needs to close a $47.4 million annual budget deficit. On April 2, the Indiana Senate’s […]
A private investor in a Carmel-based wireless broadband provider has quietly taken the company public and has lofty plans to expand nationwide. Dick Beltzhoover, now president and CEO of Omnicity Corp. following a change of management, was fed up with losing money over the last several years, including a combined loss for fiscal 2007 and […]
A warm March gave Indiana golf course operators something to smile about as many of them saw business increase tenfold over the same month last year. But that didn’t quell their economic fears. Local course operators are still as nervous as a long-ball driver facing a stout crosswind. “I don’t think anybody knows exactly what […]
Taking a sledge hammer to a car might seem like an illogical way to protest a tax hike on tobacco. But it sure feels good, especially to people who are stuck inside the economic pressure cooker that is Connersville. So on April 1, the day a 158-percent increase in the federal cigarette tax took effect, […]
Former U.S. vice presidential candidate Sarah Palin is apparently an Indianapolis Colts fan. At least it appears that way in the latest edition of Esquire magazine. In a story primarily about her husband,…
I previously gave a sneak peek at some of the Pops concerts on the way from the Indianapolis Symphony Orchestra (including appearances by Maureen McGovern and Marvin Hamlisch as well as a Florence Henderson/Shirley Jones TV mamas double bill).
Today, though,…
For more on the role a new downtown hotel will play in CIB’s rescue plan, see Peter Schnitzler’s story in this weekend’s IBJ. The Indianapolis Capital Improvement Board’s finance committee yesterday afternoon recommended slashing an additional $1.1 million from the organization’s budget in an ongoing quest to eliminate an expected $47 million shortfall. The CIB’s […]
A top state senator said yesterday he would likely drop his proposal to double Indiana’s alcohol tax statewide to help fund the agency that runs the major Indianapolis sports stadiums and the Indiana Convention Center. Senate Appropriations Chairman Luke Kenley (R-Noblesville) told The Associated Press that he was probably going to amend his proposal next […]
Another rundown building at the northwest corner of Washington and Pennsylvania streets is getting some attention after years of neglect. Workers are putting…
An Indiana Senate Republican plan that would use federal stimulus money to increase funding for schools, colleges and universities has advanced to the full Senate.The Senate Appropriations Committee approved the two-year, $28.1 billion spending plan with a 10-2 vote today.The plan would rely on about $2 billion in stimulus money to increase funding for schools […]
The Cleveland Cavaliers are two games away from equaling the 1985-86 Boston Celtics’ best-ever NBA home record. The Cavs are 38-1 playing on the banks of Lake Erie. They only have San Antonio…
The Steak n Shake Co. could be in for a grilling in federal court. Miami-based Burger King Corp. alleges the Indianapolis restaurant chain is infringing upon its trademarks and has sued the company in Florida. The lawsuit filed late last month claims Steak n Shake’s name for slider-style hamburgers, Steakburger Shots, is “confusingly similar” to […]
A Florida-based investor wants his fellow shareholders in Conseco Inc. to install him on the company’s board of directors, saying the board has failed for more than five years to act in shareholders’ interests. Roger Keith Long, an Indiana University alumnus, runs Otter Creek Management, which owns 1.4 million shares, or less than 1 percent, […]
Indianapolis Economic Development Inc., the group responsible for promoting the growth of Marion County businesses and brokering incentives for new job creation, yesterday reported a 33-percent increase in its results for the first quarter of 2009 compared to the same period a year ago. Despite the recession, IEDI said it participated in 16 projects, resulting […]
Indianapolis Economic Development Inc., the group responsible for promoting the growth of Marion County businesses and brokering incentives for new job creation, yesterday reported a 33-percent increase in its results for the first quarter of 2009 compared to the same period a year ago. Despite the recession, IEDI said it participated in 16 projects, resulting […]
The Steak n Shake Co. could be in for a grilling in federal court. Miami-based Burger King Corp. alleges the Indianapolis restaurant chain is infringing upon its trademarks and has sued the company in Florida. The lawsuit filed late last month claims Steak n Shake’s name for slider-style hamburgers, Steakburger Shots, is “confusingly similar” to […]
The office vacancy rate for the Indianapolis area rose to 18.5 percent in the first quarter of 2009, up from 16.9 percent a year ago, according to figures released today by Colliers Turley Martin Tucker. The rate in the downtown market rose from 14.4 percent to 15.5 percent, and the suburban market rate jumped from […]
A new federal program will try to address the high number of foreclosed homes by giving prospective homebuyers millions of dollars in incentives. Under the new 18-month program, Indiana will use federal money to fund no-interest loans for people considering buying foreclosed properties. Qualified home buyers could get up to $15,000 from a market-stabilization fund, […]
