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Local mental health centers caught in funding limbo: Federal effort to shift costs to states on hold, but not-for-profits’ budgets for next year must be completed now

At Indianapolis-based Adult and Child Mental Health Center Inc., Executive Director Bob Dunbar has developed a contingency plan as he works on the agency’s $25 million budget for next year. He has two versions of a spending plan for the center, which provides mental health services for 4,200 children and adults a year. One includes moderate cuts tied to state funding changes, and the other deals with massive cuts pushed by the federal government. In the worst-case scenario, as much…

Business leaders battle over real estate left behind by Payton Wells

The Malibus and Impalas disappeared from Payton Wells Chevrolet more than 18 months ago, but the controversy over the defunct
dealership at 1510 N. Meridian St. is far from being in the rearview mirror for some of the city’s top businesspeople and
developers. A court battle over the dealership’s properties could determine when and how the roughly six acres of prime land
are redeveloped.

Corley reflects on career as he prepares to retire

Bill Corley, who announced today that he will retire after 25 years as CEO of Community Health Network, says doctors nearly ran him out of the hospital within months of his arrival in 1984. Doctors mutinied because they tied Corley’s appearance to a new approach by the federal government to limit reimbursements for certain services. […]

Experts predict slow Indiana economy

Expect the state economy in coming months to feel like a head cold that won’t go away. And the Indianapolis area won’t escape the doldrums. That’s the take from the latest quarterly forecast issued by a group of Indiana University economists. The Center for Econometric Model Research says the state will suffer declining employment and […]

Board eyes building near Lucas Oil

The Capital Improvement Board likely will buy one-story building across the street from the new Lucas Oil Stadium. The board has an option to purchase the Easterday property, which it has been…

IMA nature park takes shape

Check out this new rendering of the visitor center for the $25 million Virginia B. Fairbank’s Art & Nature Park at the Indianapolis Museum of Art. Check out more images and…

Business Week names Hurco hot growth firm

Hurco Cos. Inc. has been ranked No. 30 on Business Week’s annual list of Hot Growth Companies. The magazine based the rank on sales growth and how companies compared with larger companies in their respective industries. The Indianapolis-based machine tool maker has experienced a surge in exports due to increased marketing abroad and the cheap […]

BREAKING: Corley retiring from Community Health

Longtime Community Health Network CEO Bill Corley will retire at the end of 2009, according to an internal memo he released to employees today. Corley, 65, has held the post since 1984. A search committee has been formed to seek Corley’s successor. It will consider internal and external applicants, the memo said. Corley said in […]

Natural gas price could soar this winter

Heating houses and businesses with natural gas this winter could cost as much as 50 percent more than last year. Gas is trading at about $12 a decatherm, on the New York Mercantile Exchange, according to the Evansville Courier & Press. That price is significantly higher than the $8 charged on average last winter by […]

Art & Nature Park

Here’s more on the works that will be part of the Indianapolis Museum of Art’s Art and Nature Park, courtesy of IBJ reporter Jennifer Whitson.

Atelier Van Lieshout, a Danish studio run by artist Joop van Lieshout,…

First look: IMA park art

IBJ reporter Jennifer Whitson takes over the blog today with a sneak peek at some of the work planned for the Indianapolis Museum of Art’s backyard.

Today, the IMA is releasing preliminary renderings for three of the eight inaugural artworks slated…

Air race circuit still eyes Indy

The Detroit Free-Press reported that fans watching last weekend’s Red Bull Air Race World Series along the Detroit River got a “thrill-chill.”

The crowd size assembled along the river banks might have thrilled Indianapolis…

Sign Craft Industries buys Sign Studio

Sign Craft Industries, a full-service sign-making company headquartered in Indianapolis, has acquired cross-town sign maker Sign Studio for an undisclosed price, the companies announced today. Sign Studio specializes in electric signs. The acquisition will raise Sign Craft revenue to a projected $6 million this year. It was 4th on IBJ’s 2007 list of the largest […]

Summer on the tube

Since “The Sopranos” staged its final hit, “Desperate Housewives” became, well, desperate, and “American Idol” lost some of its water-cooler luster, I’m hearing fewer people outside of the media talk about television shows. (Except for…

Shelbyville ad campaign luring Honda recruits

An advertising blitz launched by Shelbyville officials to lure workers arriving at the Honda Manufacturing of Indiana plant in nearby Greensburg is working, one of its backers says. Dan Theobald, executive director of Shelby County Development Corp., is aware of at least seven families that have settled in Shelbyville as a result of the campaign, […]

Bloomington publisher to expand

Author Solutions Inc. will transfer jobs from China to its home base in Bloomington as part of an expansion announced today. The provider of self-publishing services will spend $4.5 million on the consolidation, which will add 140 jobs to its headquarters. Author Solutions already employs 230 in Bloomington, and another 50 in Indianapolis. It maintained […]

Pacers revive draft party

The Indiana Pacers will host a party at Conseco Fieldhouse on June 26, where fans can watch the 2008 NBA Draft and hear from Pacers executives about the team’s draft. This marks the…

Strike halts Clarian project in Lafayette

A Laborers International Union strike in Lafayette has brought construction on a $200 million hospital Clarian Arnett Health is building there to a grinding halt. Clarian Arnett is a partnership between Clarian Health in Indianapolis and Arnett Health System, a multi-specialty medical practice in Lafayette. Laborers Local 274 escalated its protest from informational picketing on […]

Hallmark to stop making cards in Bloomington

Sunrise Greetings, a unit of Hallmark Cards Inc., plans to stop manufacturing cards in Bloomington in early 2009, eliminating as many as 60 jobs there. Sunrise told employees yesterday that card manufacturing will be consolidated into a plant near Hallmark’s headquarters in Kansas City, Mo. About 160 workers will stay in Bloomington. Those workers are […]