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A $1 million contribution by Forest Lucas has brought private-sector giving for Indianapolis’ 2012 Super Bowl bid to the $25 million goal. The owner of Lucas Oil Products Inc. spent $122 million for naming rights to Lucas Oil Stadium, which will replace the RCA Dome at the start of the Indianapolis Colts season this fall. […]
It’s difficult to say what’s taking Indiana University’s new basketball coach Tom Crean so long to hire his third assistant.
IU sports department spokesman J.D. Campbell said May 2 the hire would be made…
This weekend marks the unofficial launch of the summer art fair season, with the Broad Ripple Art Fair sure to attract mobs to the Indianapolis Art Center grounds (weather cooperating, of course).
I’m a fan of BRAF and its end-of-summer-IMA-bookend,…
A New Jersey company with 30 refrigerated warehouses in the country plans to build a unit in Lebanon Business Park. United States Cold Storage Inc. will spend $38 million on the 300,000-square-foot warehouse and distribution center, and hire 100 workers by 2012, according to the Indiana Economic Development Corp. The business park is owned by […]
Indianapolis developer Tim Shrout wants to open a business park in Shelbyville to attract suppliers to the new Honda Manufacturing of Indiana assembly plant in Greensburg. Shrout’s company, Cedar Run Investments LLC, is calling the 100-acre tract Pleasant View Commerce Park, according to The Shelbyville News. The location is 32 miles from the Honda plant. […]
The Indianapolis Colts today announced an expanded relationship with Budweiser and Bud Light.
A featured element of the agreement between the Colts and Anheuser-Busch is the Bud Light Blue Zone, an open-air fan gathering…
Shares of Steak n Shake Co. tumbled this morning after the Indianapolis company reported late yesterday that same-store sales in its fiscal second quarter declined 6.3 percent. The stock fell 10.6 percent, to $6.81 per share. It was the 11th consecutive quarter in which the diner chain reported falling same-store sales. The company blamed the […]
As the rain falls at the Indianapolis Motor Speedway, the financial losses mount for the famed Brickyard.
So far this month, spectators have seen more activity from the IMS track drying crew than by actual racers. Yesterday, 15 Speedway safety vehicles…
A call center operator announced today that it will add a location in Terre Haute and hire 600 workers before 2009. Alorica Inc., headquartered in Chino, Calif., will occupy 50,000 square feet in Plaza North Shopping Center, 1800 Fort Harrison Road, on Terre Haute’s north side, according to the Indiana Economic Development Corp. The space […]
Last night at Sotheby’s auction house in New York, a 1976 angst-infused triptych by Francis Bacon sold for $86.3 million. Apparently that’s the highest price ever paid at auction for a piece of contemporary art.
My instinct was to ask…
Natural gas prices will increase as much as 30 percent next winter over past winter, according to the Evansville Courier & Press, citing Vectren Corp. CEO Niel Ellerbrook. Prices are rising because customers want an alternative to utilities that use coal, which causes more pollution, Ellerbrook told investors at an annual meeting. Ten years ago, […]
Locally based WEDJ-FM 107.1, also known as Radio Latina, yesterday announced its sponsorship of Mario Dominguez, the driver of the Pacific Coast Motor Sports entry into the this year’s Indianapolis 500.
Dominguez, 32, a…
After months of rumblings from sports marketers, the Indianapolis Motor Speedway finally announced its category sponsorship deal with Frank’s Energy Drink.
Last October, IBJ first reported the deal that was revealed at the Speedway…
Officials with Sarah Fisher Racing today announced they signed a sponsorship deal with IUPUI, which will aid the team’s effort to qualify for and race in this month’s Indianapolis 500.
“The group at IUPUI has become great friends of mine over…
Two of three local Eli Lilly and Co. employees plan to fan out across the Indianapolis area tomorrow to help clean and fix up the area. The pharmaceutical maker’s first Global Day of Service will involve 8,400 workers’ delving into projects that include planting trees, clearing weeds from parks and framing Habitat for Humanity houses. […]
Bloomington-based ProCure Treatment Centers Inc. said today that it has received another infusion of $35 million in venture capital. Oklahoma City-based McClendon Venture Company LLC made the investment to help ProCure develop a network of cancer treatment centers across the country. McClendon also gave $35 million to ProCure in December 2006. “I have every reason […]
Eli Lilly and Co. has been essentially treading water now for nearly 11 years. The company’s stock closed yesterday at a low the company hasn’t seen since June 5, 1997. Lilly shares dropped 74 cents apiece to close at $47.55. The last time Lilly shares closed lower, it still had patent protection on its antidepressant […]
The Hoosier Environmental Council, through its affiliated foundation, said today that it had received the largest grant in its 25-year history. The McKinney Family Foundation donated $200,000 to support renewable energy, sustainable agriculture and transportation alternatives at the state and local level. The foundation, chaired by former First Indiana Bank CEO Bob McKinney, also said […]
Indianapolis-area home sales slipped in April, and the average price continued falling. But the inventory of houses on the market shrank, offering hope that the downturn might be slowing. Pending sales of houses in the nine-county Indianapolis area fell 14.1 percent, to 2,520 units, from a year earlier, according to the Indianapolis brokerage F.C. Tucker […]
