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Last year’s record-high fuel prices played a big role in a rash of shuttered gas stations at Indianapolis-area intersections. Four-dollar fuel put a squeeze on margins, pushed up credit card transaction fees and led consumers to spend less on higher margin snacks and soft drinks-giving a new push to a decade-long consolidation of service stations. […]
Here’s something that passes as good news for central Indiana’s moribund housing market: Prices might hold steady this year, after falling nearly 7 percent from their 2006 peak. Economists and other real estate professionals say the economy may start to recover in the second half of the year, boosting demand just as the glut of […]
The year-old Rockstar Pizza (19 N. Green St., Brownsburg, 858-1188) earns its name honestly. The gold-record-covered walls (Britney Spears, Lenny Kravitz, etc.) and photos-with-celebs under the clear tabletops are testament to the rock and roll connections of its co-owner, former promotions rep Colby Matthews. The positive spirit of the place-I love places that proudly sponsor […]
Not so long ago, most Indiana public companies were firmly in control of their destinies. Now after seeing their stock prices plunge, many would be little more than sitting ducks were outsiders to launch takeover bids. If anybody’s still got the money and chutzpah to buy, that is. “The year will be dominated by buyers with […]
The Indy Racing League made Pres. George W. Bush’s final report, highlighting his eight-year term’s accomplishments and results. On page 26 of the report, Bush writes about his work with renewable energies. The…
Despite year-over-year revenue gains and robust earnings, it appears the economy might have finally caught up with the Indianapolis Indians. For years, this AAA baseball franchise has steamed along with solid attendance and…
The Beckmann Theatre–named for Robert D. Beckmann Jr., first president of the Arts Council of Indianapolis–announced today that it will cease operations.
“Given the current economic climate and competition for entertainment dollars and sponsorships, the Beckmann Theatre has made the…
UPDATE: More news from ACT.
The changes at American Cabaret Theatre go well beyond cancelling a single production (see original post below). Information released today states that the company is under new management and will leave its home at the Athenaeum.
Shannon…
An Indiana administrative law judge agreed to permanently revoke the insurance license of Marcus Schrenker, the financier who is also accused of faking his death in a plane crash in Florida. Judge Doug Webber told attorneys from the Indiana Department of Insurance, who brought charges against Schrenker, to draft an order that would revoke the […]
Turns out the window message in an old warehouse across from Conseco Fieldhouse is teasing a proposed police museum. The interactive museum, dubbed Cop City,…
Indianapolis will host the National Trust for Historic Preservation’s annual convention in 2013, the Washington, D.C.-based organization said Thursday. The conference is expected to attract 2,500 visitors and generate $2.5 million in spending, according to the Indianapolis Convention & Visitors Association. The gathering in Indianapolis will be a first for the NTHP, which has been […]
Indiana Gov. Mitch Daniels has appointed former Internal Revenue Service chief Mark W. Everson to head up the state’s Department of Administration, replacing Commissioner Carrie Henderson. Henderson, the department’s commissioner since mid-2006, will move to the state’s Family and Social Services Administration to become director for compliance. The appointments were announced this afternoon. Everson, 54, […]
Federal officials want to talk to Indiana Department of Environmental Management officials about plans to dissolve the agency’s enforcement office and other proposed enforcement changes. Environmental Protection Agency regional administrator Bharat Mathu said in a letter to IDEM that his office wants to talk about the changes to determine their impact on federal programs. Environmental […]
A tight job market helped ITT Educational Services Inc. post financial results this morning that would make most public companies envious. For the period ending Dec. 31, the Carmel-based technical school operator reported fourth quarter revenue of $279.8 million, up from $230.4 million the same period the prior year. ITT posted a $63 million profit […]
Three out of 16 charter school sponsored by Mayor Greg Ballard spent more money than they took in during their most recent fiscal year, according to a report the city released this morning. Fountain Square Academy, Christel House Academy and Indianapolis Lighthouse Charter School all overspent revenue during the 12 months ended June 30, dipping […]
The Hamilton County pilot accused of faking his own death appeared in federal court this morning. But a public defender says Marcus Schrenker, 38, isn’t mentally competent to stand trial. Schrenker’s attorney has asked a Florida federal judge to order a mental evaluation. Investigators say the Carmel investment adviser intentionally crashed his airplane in the […]
Indianapolis Airport Authority honcho John J. Kish is flying south, leaving his current position in April to oversee development of an arena in downtown Evansville. The Evansville Redevelopment Commission voted to hire him yesterday. Kish, 54, oversaw construction of the airport’s $1.1 billion midfield terminal project, which opened in November. Before becoming executive director of […]
Officials from the Indianapolis Fire Department and the Department of Public Safety will hold a meeting tonight as they prepare to close Fire Station 26, 1080 E. Hanna St. City-County councilors and firefighters already have been informed that the closure is imminent. The meeting will be held at 7 p.m. at the Perry Township Government […]
