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Industrial power users fighting to get off grid
Indiana’s manufacturers and municipal utilities are preparing to wage a battle with investor-owned power companies in their desire to get a handle on rising electricity costs.
Simon proposing major Circle Centre revamp
Simon Property Group Inc. is proposing an estimated $20 million in improvements to Circle Centre mall, which spurred a downtown renaissance when it opened 20 years ago this month but now is showing signs of struggle.
Indiana Fever among league leaders in sponsorship sales, profitability
For a third consecutive year, the Fever have led the WNBA in sponsorships sales and, more important, have been profitable. Team officials said the margin isn’t huge, but league sources confirmed the Fever is one of only six franchises in the 12-team league to be profitable this year at all.
Craft breweries rush to open outposts in northern suburbs
Small breweries are tapping the northern Indianapolis suburbs. Four have opened just this year, essentially doubling Hamilton County’s craft beer market. And that growth is expected to continue.
Globe-trotting financier launching angel firm
Indianapolis native Danny Chan, a managing director at Iconic Private Equity Partners, a Hong Kong-based firm, is back home in Indiana and ready to launch an angel investing group here that will help fund Hoosier startups of all stripes.
Zoo land deal for more parking sets table for expansion
The Indianapolis Zoo’s landlocked grounds prevent it from expanding. But leaders think they have found a solution—by joining the ownership group that wants to build an outdoor concert venue on the former General Motors stamping plant site across West Washington Street.
Oesterle launches tech lobbying group for LGBT fight
Former Angie’s List CEO Bill Oesterle said the group is called Tech for Equality. It intends to lobby for the addition of sexual orientation and gender identity to state and local anti-discrimination codes.
Hotel at Grand Park could be six stories with up to 225 beds
Westfield asked for proposals for a “lodging solution” on 5.26 acres of city-owned property immediately to the west of the future indoor soccer facility on 191st Street. Now officials are negotiating with bidder Jonathan Byrd’s, which offered a plan for a 180-bed hotel.
Custom homes come to Westfield’s Grand Junction district
A pair of childhood friends are trying to give homeowners another option for downtown living.
Monumental Marathon acquires rival event in Lawrence, changes coming
Indianapolis Monumental Marathon organizers hope to kill confusion in the market by acquiring the Indianapolis Marathon and taking over its domain name. Despite killing the full marathon in Lawrence, they promise to grow the half marathon there.
SKARBECK: Investors shouldn’t panic over higher interest rates
Regardless of the market’s short-term gyrations, stock values 20 years from now should be considerably higher than today.
BOHANON & STYRING: Worries about looming deflation are overblown
Near-zero interest rates were supposed to pep up the economy. Six years and 10 months later, economic growth has been positive, but anemic. The unemployment rate has fallen to 5.1 percent, but labor force participation rates are at record lows and full-time jobs are hard to find.
Eiteljorg lands huge art donation from late NFL team owner
The gift from the Bud Adams estate includes significant paintings by noted artists including Frederic Remington, Charles Marion Russell, N. C. Wyeth and Thomas Moran.
Fed leaves key interest rate unchanged, citing low inflation
The Federal Reserve on Thursday decided to keep U.S. interest rates at record lows in the face of threats from a weak global economy, persistently low inflation and unstable financial markets.
Cummins’ $30M divisional HQ will make statement
The building under construction on the former Market Square Arena site will be modern, with a calibrated glass facade and abundant green space.
