Thoughts on Gen Con Indy
No, I’m not going to mock the costumed hoards that are converging on the Convention Center over the next few days for Gen Con. Instead, I’m just going to share some observations on the event, its people, and its…
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Lucas Oil Stadium and Mail Pouch
Lucas Oil Stadium has nabbed lots of favorable reviews for its retro look, sliding widows looking onto downtown
and retractable roof.
Now a question.
What do you think about the Lucas Oil Stadium name painted in white on the black roof? Does…
Cummins looked outside state for office project
The 500-employee office complex Cummins Inc. is building near its headquarters in downtown Columbus might have ended up in another state had the city not offered to pay for a new parking garage. The claim came Tuesday during Mayor Fred Armstrong’s mid-year State of the City report, according to The Republic of Columbus. Armstrong’s remarks […]
Dakota ethanol firm targets Indiana for new plant
Poet LLC, a Sioux Falls, S.D., ethanol distiller, wants to build a fourth plant in Indiana, according to The Journal & Courier of Lafayette. The $260 million plant would be located at West Lebanon, which is west of Lafayette, and produce 115 million gallons a year. Poet operates sites in Jay and Madison counties and […]
Alcoa-made springboards used in Olympics
Olympic divers in Beijing are jumping off aluminum springboards made at Alcoa Inc.’s plant in Lafayette, according to The Journal & Courier of Lafayette. The boards were extruded in Lafayette and sent to a Nevada company, Duraflex International, to be finished and coated. The Lafayette plant also supplied boards used in U.S. Olympics Diving Trials […]
House sales fall nearly 9 percent in July
The contraction in Indianapolis-area house sales hasn’t ended, July figures suggest. Sales in Marion County, surrounding counties and Madison County fell to 2,336 units last month from the same month last year, brokerage F.C. Tucker Co. said yesterday. The figures, based on Metropolitan Indianapolis Board of Realtors data, also show that all counties but Boone […]
UPDATE: Colliers parent to be based in St. Louis
The new holding company being formed by Colliers Turley Martin Tucker and three other commercial real estate firms will be headquartered in St. Louis, and include all 25 existing Indianapolis shareholders. Colliers Turley Martin Tucker, which is based in St. Louis, announced the deal yesterday along with Colliers Pinkard of Baltimore, Cassidy & Pinkard Colliers […]
AIT expands beyond original expectations
AIT Laboratories has added 77 local jobs this year, exceeding the 50 jobs it promised to add by the end of the year. Seventeen are sales jobs outside the Indianapolis area. The job growth brings total AIT employment to 224. The growth is in addition to the 60 jobs added in 2007. In the past […]
UPDATE: Hospital exec resigns over ‘style’
Major Hospital CEO Tony Lennen says differences in personal style were key factors in his decision to resign suddenly on Monday. “There has been a lot of changes on our board,” Lennen, 50, said in an interview with IBJ. “I was uncomfortable. I don’t think we were in sync the way we used to be.” […]
When the art hits the fan
At Switzerland’s Zentrum Paul Klee, an inflatable pile of dog feces the size of a modest ranch home came loose from the museum grounds, knocked down a power line, and broke a window in a nearby children’s home. See the BBC report…
Adesa profit, revenue shoot up
Carmel-based KAR Holdings Inc., which owns the Adesa Inc. auto auction and Insurance Auto Auctions Inc., reported late yesterday that second-quarter profit increased nearly 35 percent to $6.2 million from the second quarter last year. KAR, which didn’t elaborate on the performance, had no operations until its acquisition of Adesa closed on April 20 in 2007. […]
Long-time Shelby hospital chief quits abruptly
Tony Lennen, who has led Major Hospital in Shelbyville for 15 years and has been one of the city’s most energetic economic development leaders, resigned unexpectedly on Monday. Lennen wouldn’t comment on the move, according to the Shelbyville News. Hospital officials deferred questions to Lennen, saying it was a personnel matter. However, board members accepted […]
Colliers moves under new ownership
Colliers Turley Martin Tucker, the largest commercial real estate firm operating in Indiana, is merging with three other companies to become one of the nation’s largest real estate services. Colliers, which is headquartered in St. Louis, is forming a holding company with Colliers Pinkard of Baltimore and Cassidy & Pinkard Colliers of Washington, D.C. The […]
Big portfolio of local apartments changes hands
A local construction company specializing in apartment renovations is paying $80 million to acquire a huge local portfolio from the nation’s largest owner of apartment communities. Ardizzone Enterprises Inc. has agreed to buy 1,885 units from Denver-based Apartment Investment & Management Co., or AIMCO. The sale includes Bent Tree near 86th Street and Michigan Road, […]
Back to school in hard times
Colleges and universities tend to see enrollment boom when the economy goes south, and this down cycle appears
to be little different.
Indiana University, Ivy Tech Community College and the University of Indianapolis all have announced in recent
weeks that enrollments…
Hummer maker to assemble taxies
AM General LLC, the Mishawaka company that manufactures the Humvee military vehicle and H2 Hummer consumer sport-utility vehicle, now plans to build taxies. AM General will make the Standard Taxi for Vehicle Production Group LLC of Troy, Mich., which recently landed $160 million in funding for the project, according to the South Bend Tribune. The […]
Nestle to expand new Anderson plant
Just three months after Nestle USA began ramping up production at its new plant in Anderson, the company said in a long-expected announced today that it will spend an additional $200 million on an expansion. Nestle will add 135 workers to the 300 who will staff the initial, $359 million project, the Indiana Economic Development […]
Axia Urban pitches live-work
Local developer Axia Urban is planning a three-building project that would give the corner of 22nd and Talbott streets a whole new look. The plans, submitted by…
Special charge hammers Conseco profit
Conseco Inc. recorded a massive second quarter loss because of a $500 million accounting charge from a proposed spin-off of its long-term care business. Absent that special charge, the Carmel-based insurer would have swung to a profit compared with a loss in the same quarter a year earlier. For the three months ended June 30, […]
Noble Roman’s profit plummets
A sluggish economy and stiffer enforcement of franchise agreements resulted in second-quarter profit plunging 44 percent for Noble Roman’s Inc., the Indianapolis restaurant chain announced late yesterday. Noble Roman’s generated $395,307 in net income compared with $703,506 a year earlier. Revenue dived to $2.4 million, from $3.1 million. The company attributed most of the weaker […]