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ECONOMIC ANALYSIS: Candidates’ gas plans are just a lot of exhaust

It is an election year, and gas prices are high. Though this is not a mixture that is conducive to candor, the level of policy schizophrenia is amazing. It isn’t that any one policy is necessarily bad; it is simply that the nonsense spouted by the big three candidates has reached a new level. Sen. John McCain’s call for a summer gasoline tax amnesty would certainly provide a bit of cost savings for American families who use this time to…

VIEWPOINT: What is that buzzing in my ears?

Have we lost the desire for genuine conversation? Or maybe it’s more that our opportunities are being robbed. I ponder that statement whenever I find myself meeting a colleague or friend in a restaurant these days. What lengths proprietors go to to create the right first impression with furniture, lighting and finishes. (I work for a design firm, so I notice these things.) In the best situations, these elements create a sense of welcome. They can make you feel cozy…

Commentary: Earl Harris was a classic mentor

They say you should live such a long life that, when you die, you will have no friends left to attend your funeral. Last month, Earl Harris passed away at the age of 90 and he went one better. At his request, he had no funeral at all. The only mark of his passing was a short obituary in The Indianapolis Star undoubtedly paid for by his family as per Starowner Gannett Co.’s policy. Permit me to add a little…

VOICES FROM THE INDUSTRY: Are you a rational investor in today’s irrational market?

A volatile market is turning the rational investor irrational. Irrationals show up when markets get volatile or decline. They surface to buy stocks during bubbles, such as the dot-com boom in the late 1990s and early 2000. They react to the news of the day. Let’s start with a bit of education about what a rational investor looks like. Then outline how to adjust behaviors to remain rational-and actually benefit-during market ups and downs. What is a rational investor? Dr….

Land banking: Banks grab top sites for branches, often years before they build

Many of central Indiana’s banks are filling their own safe-deposit boxes, but they’re not stuffing them with jewelry, legal documents or blackmail material. They’re banking parcels of land. The sites often are in fast-growing suburbs or redevelopment areas that hold potential for new brickand-mortar bank branches, sometimes several years down the road. Competition can be fierce for the prime sites, and other financial institutions aren’t the only nemesis for banks: Walgreens and CVS also are fighting over the best ground,…

Test run of commuter rail could be relatively cheap

Planners and politicians spent the better part of a decade and untold millions of dollars studying a mass transit system between
downtown and the suburbs. They have little to show for it except mounds of reports and an estimate of $690 million, but the
boys in bib overalls at the Indiana Transportation Museum think they can get it done for much less.

Metropolis could get Bass Pro

Plainfield’s top retail destination could become a much larger draw if a Florida-based developer gets its way. DeBartolo Development has a preliminary deal to buy Metropolis and hopes to land Bass Pro Shops…

Indy 500 drivers storming N.Y.

The 33 qualifiers for this year’s Indianapolis 500 will race into New York Monday for all-day media blitz that Indy Racing League officials hope will gain international attention.

It looks like IRL officials have…

UPDATE: Lucas brings bowl donations to $25M

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. […]

Update: CVS files renderings

Check out the renderings for a CVS pharmacy at the southeast corner of 16th and Meridian streets. A previous post on the development is here. What do you think? By request, the siteplan is

Crean eyes assistant sans IU ties

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…

Let the art fair season begin

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,…

Refrigerated warehouse to be built in Lebanon

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 […]

Indy developer targeting Honda suppliers

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. […]

Colts’ Bud deal creates party zones

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…

UPDATE: Steak n Shake shares tumble

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 […]

Rain costing Speedway millions

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…

UPDATE: New call center will employ 600

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 […]

Art auction record shattered

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…