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Is film tax break a bad idea?

February 15, 2008

Gov. Mitch Daniels had sharp words for legislators after they finished overriding his veto of tax breaks
for the film industry.

â??Itâ??s truly an irresponsible decision, and I canâ??t imagine what they were thinking,â?? he fired off in a statement
yesterday.

Are…

Kentucky as gambling competitor

February 15, 2008

The developing story in Kentucky about its new governorâ??s attempt to legalize casinos isnâ??t getting a lot
of play in Indianapolis, but the fallout could be huge if he succeeds.

Steve Beshear wants a dozen casinos to try to stop gamblers…

Business-friendly senator under fire

February 15, 2008

Brent Waltz, a Republican who unseated long-time state Senate Finance Committee Chairman Larry Borst in 2004, is under attack by a primary election challenger who claims Waltz lives outside his district. Waltz lives at his parents’ White River Township home in Johnson County rather than at a condominium he leases in Greenwood, according to a […]

Hawker Beechcraft to expand at airport

February 15, 2008

Hawker Beechcraft Services plans to expand its maintenance and service location at Indianapolis International Airport, the airport announced this morning. The airport board approved the $14-million project along with a 32-year lease. Forty to 50 workers will be added to the current 73 within five years. The new facility will include a 6,600-square-foot terminal, and […]

Striking developments

February 15, 2008

So we all survived the Hollywood writers strike.

Bully for us.

As a writer — and as someone with an optioned script in limbo at a major studio — I’m…

Escalade earnings stay sluggish

February 15, 2008

Profit for sports- and office-products maker Escalade Inc. was flat in the quarter ended Dec. 31 on lower sales of sporting goods to mass-market retailers. The Evansville company earned $2.6 million, or 20 cents a share – virtually the same as during the fourth quarter of 2006. Sales fell 7 percent to $40.9 million. “Industry-wide […]

Manning vs. Manning II

February 15, 2008

Less than two weeks after Super Bowl XLII, N.Y. Giants quarterback Eli Manning is already picking up ground on older brother Peyton, Indianapolis Colts QB, at least in terms of jersey sales.

Merchandise sales is a big revenue line for the…

Auto parts plant in northern Indiana to close

February 15, 2008

Faurecia North America plans to close a plant in Granger in August as part of a company realignment, displacing about 200 workers, reports the South Bend Tribune. The France-based company also will close a plant in Ohio. The plant in northern Indiana makes automobile exhaust system parts, and had nearly 500 workers in 2004.

Getrag plant construction still on hold

February 15, 2008

Only one issue is causing a delay in construction on the $530 million Getrag-Chrysler transmission plant near Tipton to drag into its second month, according to the Kokomo Tribune. A Chrysler spokesman quoted by the newspaper did not identify the issue. Local officials expect the impasse to be resolved soon. The foundation has been laid […]

Indy airport operator snags Grissom contract

February 15, 2008

The fixed-base operator at Indianapolis Executive Airport in Zionsville has been awarded a five-year contract to operate Grissom Aeroplex at Peru, 60 miles north of Indianapolis. Montgomery Aviation Inc., which is headquartered in Indianapolis, will land small aircraft, and supply fuel, oil and services at the former Grissom Air Force Base, according to the Kokomo […]

IUPUI and IU business degrees

February 14, 2008

The undergraduate business program at IUPUI used to let in just about anyone. At one point, only the bottom
10 percent of a high school graduating class was steered to Ivy Tech or elsewhere.

Got a business degree from IUPUI? It…

Lockerbie mansion ‘off the hook’

February 14, 2008

Locally based Sparks Restorations has spent more than $1.5 million to buy and renovate an Italianate mansion in Lockerbie that was built in 1876. The mansion is now two giant…

Big Ten tourney interest rising?

February 14, 2008

Thirty six hours ago, it looked like the Big Ten tournament at Conseco Fieldhouse March 13-16 would be an attendance blockbuster. Indianapolis has had difficulty matching the tournament’s crowds at Chicago’s United Center, but this figured to be the year…

Burton’s prime time smack down

February 14, 2008

Rep. Dan Burton, R-Ind., was front and center yesterday at the hearings on steroids in baseball. Burton appeared to side with pitcher Roger Clemens, while repeatedly attacking Clemens’ former trainer Brian McNamee.

McNamee has said he injected Clemens on numerous occasions…

Senate may override veto on film tax break

February 14, 2008

The Indiana Senate is expected to vote this afternoon on whether to approve tax breaks for films shot in Indiana by overriding a veto from Gov. Mitch Daniels. The legislature passed the bill last year to offer film and video production companies tax breaks of up to 15 percent of costs for projects under $6 […]

UPDATE: Gregg stock soars after earnings report

February 14, 2008

Stock in HhGregg Inc. shot up 11 percent this morning after the Indianapolis-based appliance and electronics retailer posted a 38.5-percent increase in profit in its third fiscal quarter. The shares traded near $13.13, up $1.30. The $15.1 million in profit for the period ended Dec. 31 amounted to 45 cents per share. Analysts surveyed by […]

Weak interest shown in Evansville casino

February 14, 2008

None of the roughly 25 parties that have shown interest in buying the Tropicana Casino in Atlantic City, N.J., have told the trustee overseeing the Tropicana that they want the Casino Aztar sister property in Evansville, according to the Evansville Courier & Press. However, the trustee, Gary Stein, added that potential buyers might be speaking […]

Tilson HR to build offices in Greenwood

February 14, 2008

A Greenwood human resources firm plans to construct a 47,153-square-foot office building along Interstate 65 near a campus opened recently by Indiana Wesleyan University. Tilson HR Inc. has contracted with Alderson Commercial Group to build the $6.5-million, two-story structure on one of the few remaining tracts in South Park Business Center, according to the Daily […]

Janitors union to deliver ‘hearts’ to CEO group

February 14, 2008

A union that’s organizing janitors in Indianapolis and other cities plans to deliver 100,000 candy hearts to Central Indiana Corporate Partnership at noon today to represent the number of people in Indianapolis the union says are without health insurance. Central Indiana Corporate Partnership is a not-for-profit of CEOs of the region’s largest corporations and university […]

Tiny town getting huge project

February 13, 2008

Locally based Mann Properties and Illinois-based Opus North are putting together plans for 1.5 million square feet of industrial and office space along Interstate 69 in Madison County. The 140-acre development, in…

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