Old Centrum to close
The Old Centrum is scheduled to close at the end of March, leaving an uncertain future for the former Central
Avenue United Methodist Church at 12th and Central. The…
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IU, Purdue enter arms race
Two donors recently came forward to support the $82 million renovation of Purdue University’s Mackey Arena.
Tom Spurgeon, a 1961 alumnus and current Purdue trustee, has contributed $3 million toward the project. The gymnasium in the student-athlete academic center will be…
Immigration bill to become law?
The Indiana Senate made its sentiment clear yesterday by approving the immigration bill by the gaping margin
of 37-11 and firing it on to the House.
This is the bill that would make businesses liable for knowingly hiring illegal immigrants.
With this…
Sneak peek at “Great Ideas”
Elsewhere at ibj.com, Jennifer Whitson reports on the Arts Council of Indianapolis’ selection of two projects as winners in this year’s “Great Ideas” contest.
Tony townhouses on Penn
Indianapolis developer Axia Urban LLP is putting the finishing touches on Penn Townhouses, a part of its Meridian at 21 development north of downtown. From the outside,…
Ranking Indianapolis’ best mayor
Former Indianapolis mayors have a way of staying in the news.
Richard Lugar has climbed to the top echelons of the U.S. Senate. Bill Hudnut is quoted regularly from his
position at the Urban Land Institute, a Washington, D.C., not-for-profit that…
Arts Council names ‘Great Ideas’ winners
The Arts Council of Indianapolis selected a large luminary project and a pair of open-topped silos as the winners of this year’s “Great Ideas” public art competition. The artists behind the ideas each will get $18,000 to bring their proposals to life. Indianapolis-based sculptor Jeffrey Martin wants to build two stylized silos along the Monon […]
Pacers fan fallout
There’s been a lot of feedback regarding the article about the Indiana Pacers’ attendance problem that appeared in this week’s IBJ. A growing number of readers say they won’t be going to Pacers games anytime soon—even if the team starts…
ATA cuts jobs, reviews scheduled-service strategy
ATA Airlines is eliminating 30 positions at its Indianapolis headquarters while its Georgia-based parent considers options for its scheduled service business-including selling it in part or whole. Steve Forsyth, spokesman for Peachtree City, Ga.-based Global Aero Logistics, confirmed the job cuts to IBJ today. The cuts are due partly to rising fuel prices and decreases […]
Super Bowl study
Indianapolis Mayor Greg Ballard has made quite a production of putting together an executive team to study whether bidding to be the host of the 2012 Super Bowl is a worthwhile endeavor.
Some in the sports business sector are not quite…
Zimmer profit beats expectations
Shares of hip and knee implant maker Zimmer Holdings Inc. surged today after the company reported better fourth-quarter results than analysts expected, and forecast solid 2008 profit and sales. The Warsaw company’s profit and revenue both surpassed Wall Street estimates, as well as its own forecasts, in the fourth quarter. In 2008, Zimmer expects a […]
Are unions making a comeback?
Weâ??re accustomed to hearing that unions represent a smaller and smaller proportion of the American work force.
Yet, government figures released last week show the first increase in union membership in 24 years, with
about 12.1 percent of workers in unions….
UPDATE: Lilly profit up despite rising expenses
Eli Lilly and Co. closed out 2007 with a strong increase in sales and profit. But it had to spend a lot to do it. Even as the Indianapolis-based drugmaker’s sales rose 16 percent in its fourth quarter, its selling, marketing and administrative expenses grew even faster: 23 percent, according to an earnings report issued […]
City to decide on bowl bid by mid-February
Mayor Greg Ballard this morning announced his leadership team for the 2012 Super Bowl bid but said the city will review the National Football League’s requirements before making a final decision whether to bid. Bids are due April 1. Ballard said a final decision about the bid will be announced by mid-February. Despite the hedging, […]
First impressions/free tickets
What was the first production that woke you up to the potential pleasures of the stage? Were you tuned in as a kid? As a teen? Did interest in theater, dance, opera or live music wait until you were grown?
Or…
Restructuring throws Dow farm unit for loss
Dow AgroSciences, the Indianapolis-based agricultural arm of Dow Chemical Co., lost $38 million in the fourth quarter due to a $77 million restructuring charge. Last year the unit earned $38 million. Dow AgroSciences sold $864 million of chemicals and other agricultural products in the quarter, up 6 percent from a year earlier due to broad […]
Clarian fund invests in biomarker firm
The first investment by Clarian Health Ventures is in an Indianapolis startup that is developing technology for spotting cancer cells. The new fund started by Clarian joined four other venture firms in pumping $6.25 million into CS-Keys Inc. CS-Keys was launched by Indiana University School of Medicine researchers. Leading the investment was Triathlon Medical Ventures, […]
Lilly profit swells on success of new drugs
Eli Lilly and Co. profit grew 10 percent in the fourth quarter, to $986.4 million, on the strength of sales for its newer products. Sales of drugs including Cymbalta, Cialis, Alimta, Byetta and Forteo – all launched this decade – grew 30 percent in the quarter. Total sales grew 16 percent to $5.19 billion. The […]
Indianapolis plant wins manufacturing award
An Indianapolis plant owned by Kentucky-based General Cable Corp. has been named one of the 10 best in the nation by the trade publication Industry Week. The plant, at 7920 Rockville Road near Indianapolis International Airport, makes polymer compounds. It combines Six Sigma continuous improvement and lean manufacturing techniques, and blends managers and union workers […]
Inside the new convention center
Ratio Architects today unveiled detailed interior plans for a $275-million expansion of the Indiana Convention Center. The light-filled expansion will feature elevated walkways and a carpet pattern designed to mimic the Hoosier landscape. The plans were revealed at a meeting…