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Inflation nearly disappeared in January for the first time in 50 years, with only a slight rise in the Consumer Price Index saving the country from deflation. Rising prices are hardly a concern now, as the depressed auto and real estate sectors can attest. But economists fear inflation might pose a threat as early as […]
There’s been much ballyhoo about a new casino here. Called Indiana Live, it sits off Interstate 74 southeast of Indianapolis in a former farm field. There’s a gas station and a McDonald’s across the street. There’s little else. The promoters of last week’s grand opening proved masters of milk-a-controversy hype. Ignoring even the pretense of […]
Banks prefer not to talk about it. But during the last three years, 97 Marion County branches have been robbed. That’s more than one in three. And a few unlucky institutions have been robbed repeatedly. “One of the things we know, if you think about crime in general, it’s not random,” said Terry Baumer, director […]
The owners of two vacant buildings and a fenced lot along Washington Street downtown aren’t giving up on redevelopment even after their plans for a $40 million mixed-use structure fell apart. A group called Uptown Realty Investors led by brokers John Demaree and Bill Ehret is talking with potential restaurant tenants to anchor a new […]
This week, pirates take over Indianapolis Opera, and a trio of plays isn’t the half of it at the Humana Festival of New American Plays. There is no logical reason for a man to be accidentally indentured to a pirate king because of a minor error…and stay on board for years. There is no logical […]
Once upon a time, Pan Am Plaza was one of the most vibrant gathering spaces in our city. No longer. Awaiting the redevelopment that depends on an economic recovery, it is virtually empty, its bricks and concrete crumbling. Unabated winds blowing through it carry with them the whisper of past glories, when anything in our […]
HHGregg Inc. had only 18 stores when Dennis L. May left the bankrupt Sun Television and Appliances chain in Ohio about 10 years ago to join the locally based company. Today, HHGregg has 108 stores and stands as a rare survivor in a crowded field of home technology retailers. And the closure of Circuit City […]
If-and, trust me, this is pure fantasy-I took Lou Grant and Ulysses S. Grant to Noah Grant’s Grill House & Raw Bar (65 S. First St., Zionsville), I believe the two would lean heavily on the grill side of the lunch menu, digging into perhaps the Steak Sandwich ($8.95), although they’d have to contend with […]
Cost-cutting and layoffs at the city’s museums and full-time orchestra haven’t brought many visible changes so far. The scenario could darken considerably in 2010, 2011 and 2012, as cultural institutions fully account for devastating investment losses in their endowments-a key source of income. “It’s a bigger problem than what most people think,” said Andy Bawel, […]
Call it March Madness-NBA style. The Indiana Pacers franchise needs $15 million a year beginning in 2010-presumably from the public-to fund the operation of Conseco Fieldhouse. The franchise says it can’t afford to operate the venue, where it claims to have lost money every year but one since moving in 10 years ago. That’s madness. […]
With one hand, Rob Koharchik refills his tall coffee cup with liquid energy. With the other, he cradles rolled-up floor plans like a football. He quickly climbs several flights of dark concrete steps to reach a small stage, where a worker on a lift is filling a jury-rigged bucket with fake flower petals. In less […]
If-and, trust me, this is pure fantasy-I took Lou Grant and Ulysses S. Grant to Noah Grant’s Grill House & Raw Bar (65 S. First St., Zionsville), I believe the two would lean heavily on the grill side of the lunch menu, digging into perhaps the Steak Sandwich ($8.95), although they’d have to contend with […]
A 10-story downtown building that’s been vacant more than five years and labeled one of the state’s most endangered historic structures soon may see new life. Local developer Halakar Properties Inc. has put the Illinois Building under contract, and has been meeting with city officials about a tax abatement that could help return retail space […]
