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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, […]
Police say a grandmother died after a sword attack at a home on the northwest side of Indianapolis. Dispatchers say she was trying to stop a sword fight between an elderly relative and a younger relative when she was stabbed. The elderly man and the young man needed medical attention. Fox 59 will have more […]
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, […]
A Special Weapons and Tactics team came up empty following an overnight home invasion on the northeast side of Indianapolis. Investigators say a woman in the 4200 block of Norwaldo Avenue told dispatchers that four armed, masked men forced their way into her home demanding money. The SWAT team did not find any suspects after […]
The unveiling of the fairly hideous new artwork at Nationals Park in Washington, D.C. (see article and photos here) got me wondering if anyone has done this sort of fusion of sports arena and visual art any better.
A quick…
Eli Lilly and Co. has sold the rights to sell the diabetes drug Actos in seven countries to Takeda Pharmaceutical Co., Asia’s biggest drugmaker, Bloomberg News reported this morning. Takeda will sell Actos in Canada, Belgium, Denmark, Norway, Sweden and Turkey, a company spokesman told Bloomberg yesterday. Terms of the deal were not disclosed. Takeda […]
Last week, I offered a family four-pack of tickets to see the national tour of “Chitty Chitty Bang Bang,” parking here April 28-May 3. For more information on the production, click here. The winner, chosen at random, was Vicki Williamson. I also asked you to name your favorite extraordinary car, besides CCBB. I’ll break your […]
