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Emmis Communications Corp. Chairman Jeff Smulyan was as upbeat as ever about the company’s earnings report today, but this time there might be greater reason for his optimism. Revenue at the Indianapolis-based media company rose 9 percent, to $85.8 million, in the fiscal fourth quarter despite having posted a $13 million loss. Much of the […]
Eli Lilly and Co. this morning held a dedication ceremony for the last phase of its $1 billion biotechnology complex southwest of downtown Indianapolis. The latest addition is a 475,000-square-foot laboratory building. It will house nearly 500 Lilly scientists and support staff who are moving from an older building used to make propellers during World […]
The art collection in the estate of Columbus industrialist J. Irwin Miller and his wife, Xenia, could bring $80 million next month at a Christie’s auction in Europe, according to The Republic of Columbus. The collection includes works from artists including Pablo Picasso, Henri Matisse and Andy Warhol, among others. A painting of water lilies […]
New traffic and sidewalk restrictions are being put in place near the RCA Dome so that demolition work can begin. Closing two lanes of Capitol Avenue in downtown Indianapolis will allow preliminary work, such as removal of the dome’s signs. City police officials do not expect the new lane restrictions to cause significant traffic troubles. […]
U.S. Steel Yard, the baseball stadium Gary officials hoped would draw development into city’s downtown, is experiencing mixed success five years after opening, according to the Post-Tribune of Merrillville. It still isn’t making money and the city’s stadium fund had $8,000 in it at the end of 2007, down from $15,000 when the year began. […]
The Indiana Pacers are hitting the streets of central Indiana in an attempt to reach out to the local corporate community. Pacers officials are also considering hosting a draft-day party to help reconnect…
The Indiana Pacers are hitting the streets of central Indiana in an attempt to reach out to the local corporate community. Pacers officials are also considering hosting a draft-day party to help reconnect…
Shelby County residents who oppose a tax increment financing district near the Indiana Downs racino are expected to show up in large numbers this evening at the last public meeting scheduled before the Shelbyville Redevelopment Commission, according to The Shelbyville News. The Shelbyville plan commission and city council already have approved creating a fourth TIF […]
Emmis Communications chief Jeff Smulyan today was more positive about the companyâ??s fiscal fourth-quarter performance
than heâ??s been about an earnings report in a long time.
Revenue at its U.S. radio stations, which have been dogged by an industry…
Indianapolis-based publisher and broadcaster Emmis Communications Corp. said today that its fourth-quarter net profit widened to $15.8 million from $10.7 million a year earlier due to a $21.2 million charge for its broadcast licenses. Revenue in the quarter ended Feb. 29 increased 9 percent, to $85.8 million. And revenue climbed in both segments. Emmis recorded […]
Jill Long Thompson says she knows it will be tough to unseat Republican Gov. Mitch Daniels in November, and she already has come out swinging. Just hours after squeaking out the Democratic gubernatorial nomination over Jim Schellinger last week, the former Indiana congresswoman verbally jabbed Daniels. “Four years ago he went through the state wearing […]
Small Towns, Big Business Hospitals mixed bag for rural economies WILLIAMSPORT-To see the economic impact hospitals have on Indiana, this town of 1,900-which boasts its county’s only stoplight-provides a good view. The 16-bed St. Vincent Williamsport Hospital is the fourthlargest employer in Warren County, where Williamsport is the seat, and pays wages that are 60 […]
Have you seen Margot Eccles or Brian Payne cruising downtown sidewalks on their Segways? It’s quite the sight, and a still-novel one considering Eccles and Payne are the only two people I know who have the two-wheelers and use them regularly in the central business district, save the security people at Circle Centre mall. I went to a meeting Eccles attended on the 29th floor of One American Square and her Segway was parked in the corner of the conference…
Around Indiana, hospitals continue to grow and add workers, increasing their role as an economic driver to the state’s economy.
But health care reformers say hospital growth has a double edge, as higher health care costs dampen growth prospects for other
Indiana employers and their workers.
Americans are in a tough spot when it comes to negotiating free trade agreements. With the exception of a small Scandinavian country and a couple of European principalities, everyone we trade with has lower wages, weaker environmental standards, and less personal liberty. So it is easy to argue that we shouldn’t trade with a country until it becomes like us. This is the siren song of economic catastrophe. Here’s why. First, countries don’t trade with each other; people do. The…
This month’s merger of the law firm Sommer Barnard PC into Cincinnatibased Taft Stettinius & Hollister LLP likely will cause salaries for starting lawyers to escalate citywide. That’s because, starting June 1, Taft plans to pay its first-year associates here $107,500-more than the $100,000 firstyear associates currently make at the highest-paying Indianapolis firms. If history is any indication, the topthree Indianapolis firms of Ice Miller LLP, Baker & Daniels LLP and Barnes & Thornburg LLP, and likely a few others,…
Preparations are well under way for the U.S. Senior Open at Crooked Stick Golf Club in Carmel. Traffic and parking plans have been determined. They’ve identified the main entrance and the location of merchandise, media and corporate hospitality tents. Speaking of the last item, they’re already approaching a sellout, but tents might be added if demand persists. Tickets have been printed and have gone on sale. The money necessary to put on such an event is being raised. They’ve even…
In February, Indianapolis’ Wheeler Mission Ministries cut non-residential programming to stave off a budget shortfall as donations flat-lined and more homeless people came through its doors. Now the mission is facing more tough times, projecting as much as a $500,000 shortfall for the fiscal year that begins June 1. To help close the gap, supporters are kicking off Operation Restoration, a fund drive they hope will raise $11 million to help the mission expand, pay building debts, and build a…
The clock is running out on plans to build the Indiana Museum of African American History in White River State Park, but the
ambitious project may find a new home on nearby Indiana Avenue. Less than two weeks before the museum’s option on a two-acre
parcel of park land expires, backers were talking with IUPUI about locating the museum on unspecified university-owned land
along Indiana Avenue.
A friend and I were having lunch. We were talking about an old issue: the lack of leadership in the state. Both of us agreed that Mitch Daniels has been doing a good job in following through on what he promised, whether or not folks liked it. But we were hard-pressed to find other examples of civic or political leadership. I suspect our problem may have been one of age. We’re guys who have been around for the past four…
