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Electric streetcars are an old idea that should be brought back, some civic leaders believe.
IBJ reporter Chris Oâ??Malley writes today that heavyweights including Indiana Convention and Visitors Association
President Bob Bedell are backing a not-for-profit called Downtown Indianapolis…
Some top civic leaders have quietly created a not-for-profit organization to study and build a streetcar “circulator” system downtown. Downtown Indianapolis Streetcar Corp. would bring the electric vehicles to the streets for the first time since the 1950s. Notable members of the group include Bob Bedell, former president of the Indianapolis Convention & Visitors Association, […]
The slowing economy and rising competition drove down overall profit for Kimball International Inc. in its second fiscal quarter. The Jasper furniture and electronics maker reported today that profit fell 41 percent in the period ended Dec. 31, to $4.2 million. The weakening economy prompted companies to cut back purchases of new furniture and office […]
Indianapolis developer Browning Investments is planning a business park on about 150 acres south of Mount Comfort Airport, said Dale Pfeifer, a developer with Browning. The site is north of County Road 300 North and west of County Road 500 West, and is to have four warehouses with space ranging from 270,000 to 753,000 square […]
Bob Knight leaves a tsunami-like wake wherever he goes. Even in retirement, the waves from his larger-than-life persona are being felt from Lubbock to Bloomington and beyond. The business impact of Knight’s retirement looms large locally. There are numerous central…
The Hoosier Veterans Assistance Foundation is renovating a two-story building near the Central Library to serve as its new headquarters. The not-for-profit group, which now is located at the former…
ArcelorMittal, the biggest steelmaker in northwest Indiana, is worried about the future of a railroad it uses to annually ship 5 million tons of steel and receive $2 million tons of raw materials. ArcelorMittal competitor U.S. Steel Corp. is selling most of the 198-mile EJ&E Railway, which serves industrial customers in the Chicago area, to […]
Author and former IUPUI dean Mark Rosentraub is writing another book.
This one, titled “Major League Winners,” focuses on the five U.S. cities he thinks have most successfully used sports as an economic…
Indiana Steel and Tube, a steel processor in the southern Indiana community of Brownstown, plans to expand and hire 100 extra workers by 2010, the Indiana Economic Development Corp. announced yesterday. The $8 million plant will begin making about 2,500 tons of steel coil this year. The state offered nearly $975,000 in incentives, and the […]
The immediate future of Chrysler’s operations in Indiana is open to question now that a supplier to the Detroit automaker has sought bankruptcy protection. Friday’s Chapter 11 filing by Plastech Engineered Products Inc. suddenly cut off a stream of plastic parts to Chrysler’s 14 assembly plants, according to the trade publication Automotive News. All 14 […]
Is green development finally catching on in Indianapolis? The four owners of Casa Verde LLC certainly hope so. The company has plans for a $14-million, LEED-certified condo project in Columbus. In Indianapolis,…
Itâ??s no secret that banks are in upheaval thanks to the subprime mortgage crisis and the domino affect mess
itâ??s creating.
In an IBJ story over the weekend, reporter Cory Schouten discusses the local grab for market share, as…
A dissident investor in The Steak n Shake Co. today blasted the company for changing its bylaws to make it more difficult for shareholders to call a special meeting. San Antonio-based Lion Fund, whose affiliates own 8 percent of Steak n Shake, said in a filing with the Securities and Exchange Commission that it would […]
You IBJ readers are a wealthy lot. Our latest survey, taken in September of last year, shows that you had
a $170,700 median household income and the median value of your investments came to $679,700.
Three of four had corporate stocks…
The Steak n Shake Co.’s board of directors has thrown up a roadblock to a plan by a dissident investor to oust most of its members. San Antonio-based Lion Fund, whose affiliates own more than 8 percent of the Indianapolis company, wants to get two of its representatives elected to the board at the company’s […]
The day after the New York Giants’ improbable Super Bowl XLII triumph, sports marketers are already lining up to talk with the game’s MVP, Eli Manning. And there’s speculation that Manning’s sudden success will have a profound effect on older…
City-County Council representative Jackie Nytes has been hired as executive director of Mapleton Fall Creek Development Corp., the neighborhood group announced today. Nytes replaces Shary Johnston, who is retiring. Nytes was a finalist to replace former Indianapolis-Marion County Public Library CEO Linda Mielke, who left in January 2007. Nytes is a former chief financial officer […]
The $529 million takeover of First Indiana Corp. ripples to 32 branch locations today, as Milwaukee-based Marshall & Ilsley Corp. hoists its M&I Bank signs into place. Shareholders of First Indiana OK’d the acquisition in December. M&I’s Indiana region president is Reagan Rick, who had been with First Indiana for about three years. He previously […]
Kentucky might charge tolls on bridges that connect to Indiana, reports The Evening News of Jeffersonville. In a study released late last week, the Kentucky Transportation Cabinet included eight options ranging from adding tolls to all bridges to just one bridge. The tolls would help pay for the $4.1 billion Ohio River Bridges Project, which […]
As many as 90 jobs will be created as a result of a recent agreement by Ryder System Inc. to distribute educational materials for K12 Inc. from Ryder’s warehouse in Plainfield, according to the Indiana Economic Development Corp. Ryder, headquartered in Miami, received $139,000 in state incentives for the expansion at Plainfield Business Center at […]
