New hotel will be city’s tallest
Downtown’s new convention headquarters hotel got a sleek new look this afternoon. The $325-million campus of hotels will include the tallest hotel in Indianapolis, a 29-story JW Marriott topped with more than…
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Bingham McHale sweeps Ginovus of talent
The Indianapolis law firm Bingham McHale has started an economic development practice with professionals who left the Carmel consulting firm Ginovus LLC. Leaving Ginovus late last week were Jay Walters, Jenny Massey, Suzanne Davis, Linda Williamson and Sara McGoun, according to an economic development professional familiar with the departures. Another Ginovus associate, Sue Scott, left […]
Health reform protesters decry WellPoint salaries
Anger over “excessive salaries” and “bloated administrative costs” at WellPoint Inc. will bring a crowd of protesters to demonstrate outside the health benefits firm’s annual shareholder meeting tomorrow. Hoosiers for a Common Sense Health Plan hopes to draw about 50 people to the protest on Monument Circle, where WellPoint’s corporate headquarters is located. “They are […]
Deal is big step toward Indy Racing League title sponsor
A multi-year deal between one of the nation’s most successful motorsports sponsorship brokers and Indy Racing League could be a critical step in bringing the open-wheel series a title sponsor. Indianapolis-based Just Marketing International has agreed to work with the league on all facets of commercial rights packaging and sales for not only the series, […]
Marion County tops in state in patents activity
A study by the Economic Development Corp. of Elkhart County shows Marion County is No. 1 in the state in patents filed since 1976. Marion County, with a population of 863,596, generated 8,441 patents. However, the recreational vehicle and manufactured house center of Elkhart County had the highest per capita: 2,008 in a population of […]
A taller JW Marriott?
Developers plan to unveil a significantly updated set of plans this afternoon for a JW Marriott convention hotel across the street from Victory Field. For one, the 1,000-room hotel will be taller than the 22 stories originally proposed, said Jeremy…
Clarian buys nearly 160 acres in Johnson County
Clarian Health Partners Inc. has negotiated to acquire nearly 160 acres in Johnson County, near Bargersville. Financial terms were not disclosed. Clarian officials said they could use the land, located at the southwest corner of State Road 135 and Whiteland Road in White River Township, to provide outpatient services and urgent care, with the potential […]
City seeks $66M TIF for Marriott convention hotel
City officials are seeking approval this week for $66 million in tax-increment financing to help pay for a 1,000-room JW Marriott convention hotel along East Washington Street. The Metropolitan Development Commission is slated to consider the plan, which would create a new economic development area, on Wednesday. The City-County Council could consider the move next […]
Health reform protesters targeting WellPoint meeting
A statewide coalition of 45 groups says it plans to protest what it says are “bloated administrative costs” and excessive executive salaries during WellPoint Inc.’s annual meeting May 16. Hoosiers for a Common Sense Health Plan, which includes the United Auto Workers, Citizens Action Coalition and Sisters of Providence, wants single-payer universal health insurance.
Roman BrandGroup to pitch airport to retailers
The Indianapolis advertising firm Roman BrandGroup has landed a contract with the Indianapolis Airport Authority to lure retailers to the new midfield terminal, which is scheduled to open in late 2008. Roman will help develop a theme to concessionaires and promotional materials. The facility will have 55,000 square feet of retail space.
305 condos replacing apartments
A $150-million luxury condo development known as Renaissance Bay will replace an apartment complex along Keystone Avenue at 78th Street. All that remains of The Landings apartments are massive piles of concrete…
Reverse 911 creator bought by California firm
Sigma Communications LLC, the Indianapolis company that created the Reverse 911 emergency notification system, has been acquired by PlantCML of Temecula, Calif., for an undisclosed price. The system allows law enforcement and other public agencies to send alerts about crime, water contamination, and other issues.
WellPoint unit settles class-action suit in California
Indianapolis-based WellPoint Inc.’s subsidiary in California-facing a state fine for retroactively canceling health insurance policies-agreed Friday to a class-action settlement with 6,000 policyholders, according to USA Today. Blue Cross of California pledged not to retroactively cancel coverage unless policyholders “intentionally misrepresented” information on their applications-a sharp change in its practices. In March, the California Department […]
Condo craze on Winthrop Avenue
A local developer is hoping to build another dense condo project in Broad Ripple along Winthrop Avenue. The proposal by locally based Page Development would bring 27 condos to 1.5 acres between Winthrop and the Monon Trail, just south of…
What’s ailing Indiana’s banks?: State-based bank stocks are trailing national peers as industry deals with tough period
Indiana bank stocks have taken a beating on Wall Street over the past year, lagging behind larger peers as the entire industry rides out an unfavorable environment. Shares of Indiana’s 16 publicly traded banks dropped an average of 3 percent from May 4, 2006, to May 4, 2007, according to research by Carmel-based banking consulting firm Renninger & Associates LLC. Meanwhile, the nationwide SNL Financial bank index was up 4.4 percent. During the same period, the Dow Jones industrial average…
Indianapolis’ offer on the table:
INDIANAPOLIS HAS: Seating for up to 73,000 and a retractable roof at Lucas Oil Stadium, set to open in 2008. The press box seats 200, but event space could be converted for additional media use. PRACTICE FACILITIES NFL WANTS: Comparable practice facilities for both Super Bowl teams, including a covered field with the same turf as the stadium, locker rooms for players and coaches, meeting rooms, and laundry service. INDIANAPOLIS HAS: The Colts’ 56th Street football complex. Bid organizers have…
Award-winning financial planner not ready for retirement: Cooke, sons gain notice for helping well-heeled clients
As veteran financial planner John Cooke rehashes the highlights of his venerable career, it’s evident that nothing can top the experience of working with his two sons. Close behind, though, are the accolades he’s picked up along the way, including several mentions in various publications as one of the nation’s top advisers. The latest recognition comes from Barron’s magazine, in which Cooke is the only money manager in Indianapolis to make its list of the nation’s top 100 brokers. His…