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A Marion County judge has ordered an Indianapolis credit union to pay its former CEO $3.4 million, saying it wrongly froze the executive’s accounts after accusing him of financial improprieties three years ago.
Tom King thinks its time to run the not-for-profit Indiana Sports Corp. with a for-profit mind-set, a change that could radically alter the organization credited with implementing the city’s amateur sports strategy.
Every time Indiana experiences one of its summer cloudbursts, the rainfall sets into motion one of a real estate development’s most expensive and least appreciated systems. As rain hits the ground, it quickly collects into wellengineered courses to swales and gutters, through pipes and culverts and into detention ponds. Flowing around, over and through the land that once absorbed it, the water is efficiently collected and conveyed off the site. In other words, gather it up and drain it off….
If State and English avenues in the Fountain Square district were on a Monopoly board, they would probably be the ones available immediately after passing “Go.” But after the Southeast Neighborhood Development Inc. is finished there, the intersection will move several spaces closer to Park Place. The not-for-profit is investing $1 million to renovate three dilapidated buildings it bought to convert them to residential/work spaces as part of its Fountain Square Corners development. A local photographer who will live in…
It was one of the worst from the perspective that so many of the things I take for granted here-clean water, dependable electricity, food you could trust, communications tools and, most of all, freedom-weren’t to be found there, at least not consistently. But that perspective also made it one of the best experiences because it reminded me of all the wonderful things we have here in America, starting with freedom. It was heartbreaking to travel around Havana and imagine how…
Tensions between the developer of Hamilton Proper and some of its homeowners spilled into public view at the Fishers Town Council meeting Aug. 7, with the council president becoming so agitated he broke his gavel. Another councilor, Charles White, opened the meeting by complaining about the council’s July 17 decision to reject an application by HDG Mansur, the developer of Hamilton Proper, to build an 11-acre retail project on the periphery of the subdivision. White had been absent for that…
In September, about 30 big names in the art world will converge at the Eiteljorg Museum of American Indians and Western Art. It will be the Eiteljorg’s first attempt to host a big-name Western art show featuring representational styles, those depicting natural objects realistically. Eiteljorg officials hope the Quest for the West art show and sale bolsters its reputation as one of the nation’s elite Western art museums. For artists, the show will provide a rare opportunity to reach collectors…
Local stations have had video news content on their Web sites for a while now. But broadcasters are now devising plans to develop original content that essentially could allow a station to broadcast multiple channels through the Web.
State officials have added another arrow to their quiver of economic-development incentives meant to attract companies to Indiana. A new pilot program, known as Shovel Ready, certifies land that can be rapidly developed. The aim is to make the properties more attractive to companies by cutting the time it takes to navigate the permitting process. “The ability to expedite a company’s development will make us more competitive than perhaps we have been in the past,” said Chris Pfaff, director of…
Century Realty Trust is but a grain of sand in the universe of real estate companies. But within the last few years, the Indianapolis firm has caught the attention of investors on the coasts, and they’re the richer for it. Now that Century Realty is selling nearly all its properties to Indianapolis-based apartment owner Buckingham Properties and liquidating, its investors likely will collect from $20.50 a share to $21 a share, according to a filing with the U.S. Securities and…
I eat out a lot. Heck, I eat out more than I eat in. So I’m something of a restaurant whiz. From locals to chains, fast food to fancy fare, I can tell you who serves what, how well and for how much. But until my friend Cheri read a book called “Nickel and Dimed,” in which author Barbara Ehrenreich recounts a first-person social experiment working low-wage jobs, I never asked a waiter or waitress about the going rate for…
Noble Roman’s Inc. executives think they’ve found the recipe to lift their company out of its stock malaise. The Indianapolis company started franchising last year restaurants that feature dual branding with its Tuscano’s Italian Style Subs, and it plans 157 locations within three years.
The architectural firm Schmidt Associates Inc. wants to persuade clients to build greener buildings. So a couple of weeks ago–during a heat wave and under scorching sun, nonetheless–workers erected a solarpanel awning in front of the company’s 320 E. Vermont St. offices.
By the demanding standards of recent history, the justcompleted second quarter was a tough one for the U.S. economy. The Bureau of Economic Analysis reported an annualized growth rate of just 2.5 percent in the overall economy in the April-June period, significantly lower than historical trends and well below the blistering growth of the preceding three months. In addition, there was unwelcome inflation news, causing some analysts to dust off an old word that hasn’t been used since the early…
In 1981, few central Indiana residents considered an inground pool a backyard necessity, but Plainfield custom homebuilder Larry Good added one to a spec home anyway-and jumped into the deep end of a new enterprise. “After it was installed, the home sold immediately,” said Bruce Holmes, CEO of the company Good launched. Pools of Fun started with one location and four employees. Today, it has five locations, a range of products and 90 full-time employees who share ownership of the…
If you’ve been paying attention to the news lately, you probably know crime has been at a record high in Marion County. The homicide rate hasn’t been this bad since the Backstreet Boys had a hit song. The year was 1998, by the way. In addition, burglary, robbery and larceny are all up double digits, percentage wise. And while we’ve all heard about the Hamilton Avenue murders that left a family of seven dead or the shootings that took place…
Smoke coming from the Indy Racing League’s business model indicates it’s leaking oil. Two IRL teams recently folded and at least two more are in serious financial distress. Television ratings and race attendance is either flat or trailing last season.
In the overcrowded Marion County Jail, early release of dangerous inmates has become an unpleasant fact of life. To slow the tide, Sheriff Frank Anderson is considering a radical new solution: full privatization.
Bryan Ballard and Cody Feldman never dreamed they’d end up here, soaking up the sun along Indianapolis’ downtown canal, peddling frozen treats from their very own ice cream cart. They certainly never planned to become business partners when they met as adolescents playing Special Olympics basketball. But it happened anyway, thanks to a federally funded program intended to help significantly disabled individuals find work that fits their interests and skills. What makes the so-called customizedemployment effort unusual is its emphasis…
Gateway Medical Resource Alliance, a niche health care benefits company, will shut down Aug. 30, more than a month after losing the lone Indianapolis hospital in its network. The company, which has shrunk to six workers, provides employers discounts for certain cardiology, orthopedics and oncology care. In return for fees from the employers, Gateway offers flat, all-inclusive prices for procedures. It also offers prescription and wellness services. CEO Terry Kopp said he still hopes to find another hospital to resuscitate…
