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There are many things I do not understand. I don’t understand why a golf gallery must remain “pin-drop” silent while a person hits a ball that sits stationary on a tee, yet fans can scream at the top of their lungs while a batter tries to hit a ball coming toward him at 95 miles per hour. I also don’t understand how economists take massive amounts of conflicting economic data, input the statistics into a model, and, presto, out comes…
Domestic automakers were already scheming about new ways to chop dealers–cutting costs to service them–as their market share
drained to Toyota and other foreign competitors. Now, an economy standing on the brakes could drive another round of dealer
consolidations that might not be a good deal for family-owned peddlers of metal.
An Indianapolis firm helping oversee construction of the city’s $1.2 billion midfield terminal is facing accusations from
Southwest Airlines that it failed to ensure the quality of a $12.4 million concrete apron at Long Island MacArthur Airport.
In 2002, Indiana ranked an anemic 37th among all states in the amount of total venture capital investment. That year, California had 41 times the investment of Indiana on the basis of per dollar of gross state product. Indeed, few local entrepreneurs or finance professionals could identify more than a couple of Indiana-based VC funds. Few national venture funds even visited Indiana companies as they flew over the Hoosier state on their way between the coasts. As I learned while…
There are professions in which you are never noticed until you screw it up-the center of a football team when he snaps the ball over the quarterback’s head, the business assistant when he or she brings the wrong set of papers to the closing, and the bus driver who-after 20 years of safe driving-rear-ends the rock star’s limousine. Included in this list is the CEO of the Indiana Bureau of Motor Vehicles. Do you remember Joel Silverman, former commissioner of…
The roof has closed for the first time on Lucas Oil Stadium, and we now have a timetable for the demolition of its predecessor, the RCA Dome. Its last general event, the Fire Department Instructors Conference, has come and gone, as has its last sporting event, Supercross. Bit by bit, its innards are being dismantled. The pace will quicken throughout the summer. In August, the Teflon dome will disappear from the city skyline and shortly thereafter, the walls and the…
A depression in the home-building market has claimed a Fishers builder and continues to hammer locally based Davis Homes LLC–a
powerhouse for years that now is facing foreclosure on about 80 home sites.
Even storm clouds have silver linings, if you know where to look. Likewise, even a slowing economy has market opportunities, for those who can adjust. Economists haven’t agreed yet about whether the U.S. economy has slipped into recession. But Indianapolisbased investment banking firm Periculum Capital Co. LLC isn’t waiting for the official call. Known since 1998 for its expertise in corporate finance and mergers and acquisitions, Periculum is beefing up its expertise in business restructuring. “Most people who build businesses…
A local company that sells ticket and event packages associated with major sporting events has secured groundbreaking deals with the Ryder Cup and Churchill Downs Inc. Indianapolis-based Sport Events Ltd. will be one of the first two companies to sign an official deal with Churchill Downs to sell ticket and hospitality packages to the Kentucky Derby, run this year May 3. Previously, the fabled racetrack had chosen to run everything-including corporate hospitality-in-house. “In many cases, these properties have realized that…
Escalating demand for corporate entertainment space during Indianapolis Colts home games has team owner Jim Irsay wondering whether Lucas Oil Stadium should have been built with more luxury suites. “Quite frankly, I wish we built 30 or 40 more suites,” Irsay told IBJ during a recent interview. There’s good reason to think the Colts have outgrown the stadium-even though it’s still four months from completion. The Colts long ago sold all 142 suites for the venue, and have a waiting…
Each day, the headlines are filled with r e c e s s i o n – r e l a t e d news. Some predict a pending recession, while others outline pre-emptive actions of the Federal Reserve, Congress and the president. During the 2000-2002 recession, Indiana did not perform well. Indiana lost more jobs than the national average, and its recovery lagged behind the nation’s. In fact, Indiana’s jobs still have not recovered to the pre-recession level. If…
Far from the typical rubber-chicken fund-raiser attended mostly by board members and their friends–Zoobilation, the 22-year-old,
annual black-tie fund-raiser for the Indianapolis Zoo–attracts 4,300 ticket holders eager to spend an evening wining and
dining at the zoo.
You’re either with us or against us. In this case, “us” refers to those who are just a little hooked on Discovery Channel-the huddled masses who quietly fret that Mike Rowe might run out of “Dirty Jobs” or who are inexplicably fascinated (and, yes, repulsed) by “Verminators.” Or the pseudo-quasi-science geeks who occasionally plan their nights around “Smash Lab” and bemoan the change of hosts for “Mythbusters.” You know, us. For some of you, that paragraph was met with nods,…
Leadership has its rewards Health info exchange is exhibit A Being the best isn’t everything, but it goes a long way when you’re trying to attract money and expertise. That’s why it’s significant that the Indiana Health Information Exchange is taking its show on the road. As IBJ reporter J.K. Wall reported last week, those who oversee the platform for sharing patient records and test results electronically are preparing to make it available in other states. Hospitals and physicians in…
Calumet Specialty Products Partners LP, the low-profile Indianapolis-based oil refiner, has been confronting challenges lately that would fray the nerves of even the most seasoned executive. First, the business is grappling with a huge spike in crude oil prices-the main input for its three Louisiana refineries, which churn out vehicle and jet fuel, along with solvents, waxes and other specialty petroleum products. Then there’s the delay-plagued expansion of its Shreveport refinery, which began in late 2006. The project was supposed…
So I’ve been away from town for a few days and had to skip the weekend arts and entertainment activity in Indy.
So what did I miss?
Were you at Clowes Hall for Indianapolis Opera’s “Tales of Hoffman”? Catch the new comic…
Performance Racing Industry, a trade show that drew 39,000 visitors when it last was hosted in Indianapolis in 2004, said today it won’t return to the city, even after the Indiana Convention Center expansion is complete. When backers were making the case for the convention center expansion, they regularly trotted out California-based PRI as an […]
Former Indiana University basketball coach Kelvin Sampson today accepted a job offer to be an assistant under Scott Skiles with the Milwaukee Bucks, sources with knowledge of the deal said. Sampson only took the job after discussing a job offer…
The family owners of Ritter’s Frozen Custard have agreed to sell the popular homegrown chain to New York-based TruFoods LLC for an undisclosed price. Bob Ritter, CEO of parent RFC Franchising LLC, confirmed the deal in an interview with IBJ this morning. He said the chain’s headquarters and most of its staff will remain in […]
A call center operator has chosen Anderson for a new operation and plans to hire as many as 400 workers within a year, Mayor Kris Ockomon said this morning. Agape LLC, a startup, picked Anderson for its available work force and access to fiber optics. Agape will set up shop in the Union Building, which […]
