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An overnight fire caused massive damage to a $33 million apartment project on the downtown canal being developed by locally based Flaherty & Collins Properties. The fire was reported around 3 a.m. and continued to burn into the early morning. About 125 firefighters brought the flames under control. The Cosmopolitan on the Canal project was […]
Indianapolis Colts executive vice president Bob Terpening plans to retire June 1 after more than 30 years with the team.
Terpening is one of the Colts longest-tenured staff members and someone who played a…
A $33-million apartment and retail project along the canal downtown caught fire early this morning. The Cosmopolitan on the Canal project, by Flaherty & Collins Properties, had been nearing completion on a site bordered by the canal, Senate Avenue, Michigan…
The state has frozen the assets of three Indianapolis-area businesspeople, including the owners of J.S. Marten Jewelers in Carmel, as part of a fraud investigation, the Indiana Secretary of State’s Office announced late Wednesday afternoon. The state said Dorothy Geisler-Tragardh, formerly a partner in Virginia-based clean-coal energy company Praxis Resource Partners LLC, and jewelers Jan […]
Big Ten Network President Mark Silverman said today that 2009 should be the 2-year-old cable TV network’s first full year of profitability. Silverman hasn’t yet put together a detailed forecast, but he says the network should be profitable based on growing advertising revenue and money from new international distribution deals. New York-based parent company News […]
Wrecking crews this week tore down the Best Rentals building at 123 N. New Jersey St. The most recent plans
for the space, revealed to city planners…
Indiana Business magazine, one of the nation’s oldest statewide business magazines, has ceased operations after 52 years. February marked its last monthly edition. Publisher Eric Servaas notified advertisers and other supporters in a letter dated March 9 that the magazine has folded. Servaas did not return phone calls. “On the day that Warren Buffett said […]
Butler University will need an at-large bid to enter the NCAA men’s basketball tournament. Unranked Cleveland State University captured its first Horizon League title last night by downing the 16th-ranked Bulldogs 57-54 at Hinkle Fieldhouse to win an automatic bid to the tourney.
Heavy rain overnight has forced several evacuations in Whitley County in northern Indiana. At least two families have evacuated their homes in the Tri-Lakes area after Shriner Lake overflowed its banks. Dozens of roads are closed because of high water. Meanwhile, flood warnings continue for the Little River and Wabash River in Huntington and Wabash […]
Indiana Business magazine, one of the nation’s oldest statewide business magazines, has ceased operations after 52 years. February marked its last monthly edition. Publisher Eric Servaas notified advertisers and other supporters in a letter dated March 9 that the magazine has folded. Servaas did not return phone calls. “On the day that Warren Buffett said […]
Indianapolis police are looking for three people after a double shooting last night in the 6400 block of Townsend Way, near Michigan Road. The 34-year-old homeowner and a 29-year-old woman suffered gunshot wounds about 9:30 p.m. during an apparent home invasion and were hospitalized. Fox 59 will have more at 10 p.m.
United Way of Central Indiana fell short of its $40 million yearly fund-raising goal, but CEO Ellen Annala said she was thankful for the $38.8 million in pledges announced today at the not-for-profit’s annual meeting. The last time the organization fell short of its annual goal was in 2001. In the wake of 9/11, the […]
United Way of Central Indiana fell short of its $40 million yearly fund-raising goal, but CEO Ellen Annala said she was thankful for the $38.8 million in pledges announced today at the not-for-profit’s annual meeting. The last time the organization didn’t meet its annual goal was in 2001. In the wake of 9/11, the campaign […]
Indianapolis has entered into a partnership with Holladay Properties in which the developer will construct nine distribution-type buildings at its AmeriPlex Business Park on the city’s west side in exchange for tax incentives. Mayor Greg Ballard made the announcement this morning at a Greater Indianapolis Progress Committee board meeting at WellPoint Inc.’s downtown headquarters. The […]
Indianapolis Mayor Greg Ballard announced this morning that he and city officials will travel to Brazil in May to explore renewable-energy production, in hopes of making the city a leader in the technology. The United States and Brazil are the world’s top two ethanol producers. American ethanol is made from corn and Brazilian ethanol is […]
I’m not a sky-is-falling kind of guy by nature. But I think there’s a seismic shift underway in the NBA. The Indiana Pacers’ financial distress is just the tip of the iceberg.
I’m not…
There’s something comforting about 30-somethings who have enough hope in the future to try something audacious. As IBJ reporter Peter Schnitzler wrote this week, 15 people in their 30s are raising a $1 million venture fund in Indianapolis.
This…
There’s a lively–to say the least–discussion going on over at www.indianaauditions.com (primarily frequented by those in the local theater community). And I thought I’d drag the topic over here, where most of our readers aren’t in the business, for…
Now that Medicare is calling for all doctors it deals with to use electronic medical records by 2015, it could hasten the trend of physicians merging with hospitals or larger groups. But it could also speed up the retirement of aging physicians at a time when they are in short supply. That’s according to John-David […]
President Obama’s budget chief isn’t sugarcoating his message to health insurance executives: the party is over. White House Budget Director Peter Orszag said yesterday in Washington, D.C., that the government will no longer overpay companies that offer Medicare Advantage plans, the privately run portion of the government health program for seniors. Orszag spoke at the […]
