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SPORTS: In retrospect, the Dome’s utility can’t be denied

The roof has closed for the first time on Lucas Oil Stadium, and we now have a timetable for the demolition of its predecessor, the RCA Dome. Its last general event, the Fire Department Instructors Conference, has come and gone, as has its last sporting event, Supercross. Bit by bit, its innards are being dismantled. The pace will quicken throughout the summer. In August, the Teflon dome will disappear from the city skyline and shortly thereafter, the walls and the…

Davis Homes faces lawsuits; DayMarc out of business

A depression in the home-building market has claimed a Fishers builder and continues to hammer locally based Davis Homes LLC–a
powerhouse for years that now is facing foreclosure on about 80 home sites.

Turnaround specialists in demand: Economy creating opportunities for Periculum Capital, other firms

Even storm clouds have silver linings, if you know where to look. Likewise, even a slowing economy has market opportunities, for those who can adjust. Economists haven’t agreed yet about whether the U.S. economy has slipped into recession. But Indianapolisbased investment banking firm Periculum Capital Co. LLC isn’t waiting for the official call. Known since 1998 for its expertise in corporate finance and mergers and acquisitions, Periculum is beefing up its expertise in business restructuring. “Most people who build businesses…

Local firm signs landmark sports events deals: Providing five-star services seen as key to growth

A local company that sells ticket and event packages associated with major sporting events has secured groundbreaking deals with the Ryder Cup and Churchill Downs Inc. Indianapolis-based Sport Events Ltd. will be one of the first two companies to sign an official deal with Churchill Downs to sell ticket and hospitality packages to the Kentucky Derby, run this year May 3. Previously, the fabled racetrack had chosen to run everything-including corporate hospitality-in-house. “In many cases, these properties have realized that…

Have Colts already outgrown new stadium?: Team has long waiting lists for suites, season tickets

Escalating demand for corporate entertainment space during Indianapolis Colts home games has team owner Jim Irsay wondering whether Lucas Oil Stadium should have been built with more luxury suites. “Quite frankly, I wish we built 30 or 40 more suites,” Irsay told IBJ during a recent interview. There’s good reason to think the Colts have outgrown the stadium-even though it’s still four months from completion. The Colts long ago sold all 142 suites for the venue, and have a waiting…

VIEWPOINT: Is Indiana prepared for recession?

Each day, the headlines are filled with r e c e s s i o n – r e l a t e d news. Some predict a pending recession, while others outline pre-emptive actions of the Federal Reserve, Congress and the president. During the 2000-2002 recession, Indiana did not perform well. Indiana lost more jobs than the national average, and its recovery lagged behind the nation’s. In fact, Indiana’s jobs still have not recovered to the pre-recession level. If…

Zoobilation sells out fast despite $200-plus admission

Far from the typical rubber-chicken fund-raiser attended mostly by board members and their friends–Zoobilation, the 22-year-old,
annual black-tie fund-raiser for the Indianapolis Zoo–attracts 4,300 ticket holders eager to spend an evening wining and
dining at the zoo.

SURF THIS: ‘Deadliest’ show catches fans-on TV and online

You’re either with us or against us. In this case, “us” refers to those who are just a little hooked on Discovery Channel-the huddled masses who quietly fret that Mike Rowe might run out of “Dirty Jobs” or who are inexplicably fascinated (and, yes, repulsed) by “Verminators.” Or the pseudo-quasi-science geeks who occasionally plan their nights around “Smash Lab” and bemoan the change of hosts for “Mythbusters.” You know, us. For some of you, that paragraph was met with nods,…

EDITORIAL: Leadership has its rewards: Health info exchange is exhibit A

Leadership has its rewards Health info exchange is exhibit A Being the best isn’t everything, but it goes a long way when you’re trying to attract money and expertise. That’s why it’s significant that the Indiana Health Information Exchange is taking its show on the road. As IBJ reporter J.K. Wall reported last week, those who oversee the platform for sharing patient records and test results electronically are preparing to make it available in other states. Hospitals and physicians in…

BEHIND THE NEWS: Locally based oil refiner sees boom times vanish

Calumet Specialty Products Partners LP, the low-profile Indianapolis-based oil refiner, has been confronting challenges lately that would fray the nerves of even the most seasoned executive. First, the business is grappling with a huge spike in crude oil prices-the main input for its three Louisiana refineries, which churn out vehicle and jet fuel, along with solvents, waxes and other specialty petroleum products. Then there’s the delay-plagued expansion of its Shreveport refinery, which began in late 2006. The project was supposed…

You-review-it Monday

So I’ve been away from town for a few days and had to skip the weekend arts and entertainment activity in Indy.

So what did I miss?

Were you at Clowes Hall for Indianapolis Opera’s “Tales of Hoffman”? Catch the new comic…

Racing trade show not returning to Indianapolis

Performance Racing Industry, a trade show that drew 39,000 visitors when it last was hosted in Indianapolis in 2004, said today it won’t return to the city, even after the Indiana Convention Center expansion is complete. When backers were making the case for the convention center expansion, they regularly trotted out California-based PRI as an […]

Sampson gets job, IU loses players

Former Indiana University basketball coach Kelvin Sampson today accepted a job offer to be an assistant under Scott Skiles with the Milwaukee Bucks, sources with knowledge of the deal said. Sampson only took the job after discussing a job offer…

BREAKING: Ritter’s sold to New York firm

The family owners of Ritter’s Frozen Custard have agreed to sell the popular homegrown chain to New York-based TruFoods LLC for an undisclosed price. Bob Ritter, CEO of parent RFC Franchising LLC, confirmed the deal in an interview with IBJ this morning. He said the chain’s headquarters and most of its staff will remain in […]

Anderson lands call center, potential for 400 jobs

A call center operator has chosen Anderson for a new operation and plans to hire as many as 400 workers within a year, Mayor Kris Ockomon said this morning. Agape LLC, a startup, picked Anderson for its available work force and access to fiber optics. Agape will set up shop in the Union Building, which […]

BTN, Comcast deal near

Sources close to Comcast Cable and the Big Ten Network said an agreement to put the yearling network on Comcast’s expanded basic in 94 percent of Big Ten country is imminent. While both sides officially say there is nothing new…

Arcadia buys Carolina care firm

Indianapolis-based Arcadia Resources Inc. has acquired a small in-home health care company in North Carolina for an undisclosed price. Carolina Care generated $2.1 million in revenue last year serving Medicaid patients from three locations. Both companies have home health care offices in Winston-Salem, N.C., which Arcadia plans to merge to save money. “Expanding our in-home […]

NY notes: Jazz at Birdland

The last time I was in New York City was about a year and a half ago. I was doing a story on things to do when you are in town on business and you find yourself with a few…

Refrigerator maker leaving Richmond

Marvel Industries Inc. plans to shift refrigerator production from Richmond to its plant in Greenville, Mich., resulting in the loss of 140 jobs in the eastern Indiana city, according to the Palladium-Item. A timetable for the pull-out was not disclosed, the newspaper said. State and local officials offered $2.6 million in incentives to keep the […]