Fort Ben reuse marches on
The Fort Harrison Reuse Authority is preparing to break ground on a massive infrastructure project that will lay the groundwork for the master-planned Lawrence…
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‘Spotlight,’ the rally, and optimism
Times are tough, no question about it. But four events over the last few days conspired to put me in an optimistic mood about the future of the arts in Indy.
That feeling may pass, but for today–inspired by last night’s Spotlight…
Investors developing ‘smart’ condos-WEB ONLY
A pair of Carmel-based investors are planning to redevelop a three-story historic apartment building into upscale, high-tech condominiums at the corner of 22nd and Delaware streets downtown. The structure, dubbed the “Smart Building at Delaware,” will contain 12 one-bedroom, one-bathroom condominiums priced between $119,900 and $164,900. Developers say the relatively low price point, combined with […]
Dems question governor’s budget-cutting power-WEB ONLY
Democratic leaders at the Indiana Statehouse are questioning whether the governor should have the power to withhold state cash from certain programs after lawmakers allocate money for them in the state budget. Senate Minority Leader Vi Simpson (D-Bloomington) said Republican Gov. Mitch Daniels should be able to reduce spending for his own state agencies in […]
IRL revs crowd at Long Beach
By all accounts the Grand Prix of Long Beach was a success for the Indy Racing League. The IRL, which signed a five-year deal to take over the former CART event following last…
House Democrats propose new jobless-fund fix-WEB ONLY
Employers would pay higher taxes under a revised proposal Indiana House Democrats presented yesterday as a way to fix Indiana’s bankrupt unemployment insurance fund. The taxes employers would pay into the fund overall would be higher than House Democrats originally proposed, at least initially, and the new plan still would not cut benefits paid to […]
Stock market sinks on more bank worries-WEB ONLY
U.S. stock markets sank today as investors booked profits from last week’s gains and new worries set in over banks’ profit reports. The Dow Jones industrial average index plummeted 3.6 percent, to 7,841.60, the Standard & Poor’s 500 dropped 4.2 percent, to 832.42, and the NASDAQ composite fell 3.9 percent, to 1,608.21. Worries about the […]
Richmond plant closure to hit 330 workers-WEB ONLY
Cinram Inc., a Toronto-based manufacturer and packager of CDs and CD-ROMs, plans to close its Indiana plant, costing 330 workers their jobs, according to the Richmond Palladium-Item. Company officials told workers and Richmond city officials that the plant would close this summer in phases, with the first phase on June 16, the second on June […]
Navistar chosen to help develop hybrid bus-WEB ONLY
Federal officials have chosen Navistar Corp.’s Fort Wayne plant to help develop a new electric hybrid school bus that’s part of the Obama administration’s goal of lessening the nation’s reliance on petroleum. The U.S. Department of Energy said Friday that Navistar will be a partner in a project to develop, test and put onto the […]
Brightpoint sneaks into Fortune 500-WEB ONLY
Indianapolis-based wireless-device distributor Brightpoint Inc. has joined the Fortune 500 for the first time, coming in 496th with $4.6 billion in 2008 revenue, according to the annual list of the nation’s largest companies released yesterday. Other Indiana companies to make the list: WellPoint Inc. (32), Eli Lilly and Co. (122), Cummins Inc. (181), NiSource Inc. […]
Massive firefighting convention returns to Indy-WEB ONLY
More than 32,000 firefighters will be in Indianapolis this week for the annual Fire Department Instructors Conference, which begins today. The city has hosted the event, billed as the largest firefighting convention in the world, since 1993. Attendees are expected to spend about $31 million. Fox 59 will have more at 10 p.m.
Lawmakers open debate on CIB bailout plan-WEB ONLY
State lawmakers could conduct more negotiations today on legislation to help the Capital Improvement Board fill its $47 million budget deficit. Key elements of the proposal include higher hotel, liquor, car-rental and ticket taxes in Indianapolis. In order to be enacted, the plan needs to be approved by the Legislature by April 29. It must […]
A decade later, Columbine victims remembered-WEB ONLY
People across the country are marking a tragic anniversary today. Ten years ago, 13 students and one teacher were killed in a shooting at Columbine High School in Littleton, Colo. The school is closed today, and school officials plan a private memorial service tonight.
Hoosier soldiers prepare to depart-WEB ONLY
Friends and family will say goodbye today to a group of Hoosier engineers heading to Afghanistan. The 170 National Guard soldiers are based in LaPorte. The carpenters, electricians, heavy-equipment operators and others will work to improve living conditions and quality of life for U.S. troops stationed in Afghanistan. The departure ceremony will be held at […]
Lilly gets lift after earnings rise 21 percent-WEB ONLY
Eli Lilly and Co. saw only a slight bump in its share price this morning after reporting first quarter profit that exceeded analysts’ expectations by 21 percent. The Indianapolis-based drugmaker said part of that increase was caused by the rapid rise of the value of the U.S. dollar against foreign currencies. The benefit isn’t likely […]
Former Colt releases debut album
Former Colts tight end Ben Utecht is releasing his self-titled debut album tomorrow on Stylos Records, distributed by World Entertainment. Utecht, who now plays for the Cincinnati Bengals, was part of the Colts’…
Big investor pushes for Lilly to buy Amylin-WEB ONLY
Eli Lilly and Co. would buy San Diego-based biotech company Amylin Pharmaceuticals Inc. if corporate raider Carl Icahn gets his way. Icahn, a major investor in Amylin, is pushing for an immediate sale of the company to Indianapolis-based Lilly, according to a letter written by Amylin’s lead independent director, James N. Wilson. Amylin and Lilly […]
Amish making exception for jobless benefits-WEB ONLY
The recession is hitting some northern Indiana counties so hard, even the Amish are making exceptions to their strict religious beliefs. In LaGrange and Elkhart counties, where much of the state’s Amish population is concentrated, the Amish church is allowing members to collect unemployment checks, the Chicago Tribune reported today. Amish shun most of life’s […]
WellPoint Holliday Park?
Indianapolis was one of the first cities to sell naming rights for sports venues when RCA in 1994 was allowed to pay $10 million to puts its name on the Hoosier Dome.
The dome has been demolished and the Colts have…
Richmond CD plant closure to hit 330 workers-WEB ONLY
Cinram Inc., a Toronto-based manufacturer and packager of CDs and CD-ROMs, plans to close its Indiana plant, costing 330 workers their jobs, according to the Richmond Palladium-Item. Company officials told workers and Richmond city officials that the plant would close this summer in phases, with the first phase on June 16, the second on June […]