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Dear Jim:It’s me again. You probably don’t remember, but 2-1/2 years ago-Sept. 4, 2006, to be precise-I penned my fi rst open letter to you in this very space. I never heard back from you on that one, not that I expected to. Hey, you’re a busy guy. I wrote that letter when perhaps only […]
Click here to learn more about the CIB’s bond troubles. The Indianapolis Capital Improvement Board revealed just days ago that it will cost nearly $50 million annually to get the organization’s books back into the black. Now, the question is whether professional sports teams or taxpayers will foot the bill-a debate that’s already raging behind […]
Swamped by fi nancial losses that go back to the time Herb and Mel Simon bought the Indiana Pacers in 1983, team officials are now looking for a new game plan-one that may involve fi nancial assistance from taxpayers and visitors. Apparently, not even housing the team in the much-ballyhooed Conseco Fieldhouse or a trip […]
When playwright Christopher Durang is in control-and when he’s got a cast in sync with his satirical world-the results can be hilarious. When his desire seems just to be more outrageous at every turn-the results can be awkwardly exhausting. His anchor-less “Titanic,” which occupies the entire second half of InterAction Theatre’s “Durang-ORama” (through Feb. 14 […]
Indiana’s share of NASA spending amounts to little more than a shiny penny at the bottom of a clothes dryer. Only $130 million made its way to the state in 2007-virtually nothing compared to the $12 billion the space agency doled out to all states and the $5 billion Indiana companies snagged from the U.S. […]
These are scary times for the Capital Improvement Board, the entity that owns the city’s major sports venues and the expanding, and increasingly vital, Indiana Convention Center. Saddled with the prospect of a $50 million shortfall in the next few years, CIB is scrambling for a plan to stay solvent. The temptation to lay blame […]
Simon Property Group Inc. CEO David Simon hasn’t lost his swagger in the ugliest retail environment of his career. During a conference call with Wall Street analysts Jan. 30, Simon touted his fi rm’s conservative balance sheet and best-in-class mall portfolio. Responding to a question about how the company is handling retail store closings, he […]
The nation’s largest liquor distributor is suing the state in hopes of overturning an arcane law that requires distributors doing business here to be owned by Indiana residents. Southern Wine & Spirits of Indiana Inc., part of a Miami-based company that does business in 30 states and distributes about 20 percent of the country’s booze, […]
When playwright Christopher Durang is in control-and when he’s got a cast in sync with his satirical world-the results can be hilarious. When his desire seems just to be more outrageous at every turn-the results can be awkwardly exhausting. His anchor-less “Titanic,” which occupies the entire second half of InterAction Theatre’s “Durang-ORama” (through Feb. 14 […]
There’s so much red ink on the Indianapolis Capital Improvement Board’s books that accounting firm BKD LLP is evaluating whether it can continue as a “going concern.” That’s the bean counters’ term for making a professional judgment about CIB’s ability to keep operating, or if instead it must go out of business and liquidate its […]
The phone rings. “Hello,” I say. “Hi. This is Dannae Deadline from the Denver Drought,” a female voice replies. “Denver, Colorado?” I ask. “No,” she says, “Denver in Miami County, north of Peru, near Mexico and Chili.” “What can I do for you Dannae?” I ask. “My editor tells me you received some distinction recently […]
A third nominee to join the Obama administration has gone down in flames after revelations about problems
with income taxes.
A Senate panel last night called off confirmation hearings for U.S. Rep. Hilda Solis, who was nominated to
lead the Labor…
Just about every community within 50 miles of Indianapolis has made one pitch or another to attract the Indianapolis Colts’ annual pre-season training camp. The three-week camp brings hundreds of players and coaches…
Last week, we at IBJ gathered a panel of local arts professionals to discuss funding issues. A story about that insightful talk will appear in the upcoming print IBJ while a video will appear on line. I’ll give you more…
