Colts: Getting a stadium 101
Before the Indianapolis Colts beat the Minnesota Vikings on the field Sept. 14, they were schooling them off the field.
Vikings owner Zygi Wilf and his top lieutenants spent two days the week before…
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SPORTS: Time to deflate that which inflated city’s image
Last week’s column looked ahead to the limitless possibilities of Lucas Oil Stadium. This week’s topic is a last look back at the Hoosier/RCA Dome because, this Wednesday, the Dome will be deflated and it will pass forever from our skyline. But not from our memories. Imagine our city without it. There would be no Indianapolis Colts. There likely would be no forthcoming Super Bowl, no Final Fours and no NCAA headquarters. There likely would have been no Pan American…
Tough economy touching all industries, but some are hurting more than others
Stock markets are falling, jobs are disappearing, and the outlook for the economy seems grim. Banks, real estate developers,
retailers and manufacturers are taking the worst hits, but all types of businesses in central Indiana are hurting. From health
care to technology, education to philanthropy, every industry is trying to take the setbacks in stride.Forbes: Cook still richest Hoosier
Bloomington billionaire Bill Cook placed 68th on this year’s Forbes 400 list of the richest Americans, the same rank he held last year, retaining his spot as the wealthiest Indiana resident. However, Cook needed $500 million more to keep the placing. Last year, the 77-year-old had $4.5 billion; this year he hit $5 billion. Cook […]
Financing for new Centaur casino collapses
A consortium of financiers led by Credit Suisse has turned down an attempt by Centaur LLC to build a $455 million harness race track near Pittsburgh, the company announced yesterday. Centaur said it has immediately begun seeking an investment bank to help it move ahead with the $445 million project, called Valley View Downs. “We […]
Airport hoping to double ad revenue with digital push
Indianapolis International Airport officials hope to double advertising revenue, pushing it past $1 million, when the midfield
terminal opens in November. That income, officials said, is important because it helps ease pressure on cash-strapped
airlines, allowing them to focus on offering more flights. The airport relies on non-airline revenue, such as food sales and
advertising, for about 60 percent of its revenue.Experts: Building boom not over: Big projects wind down, but new ones fill pipeline
The completion of $2 billion in city construction projects has left a gaping hole in contractor job schedules-as wide as when the roof opens at Lucas Oil Stadium. Even so, industry leaders remain optimistic about staying busy despite the combination of a tepid economy and the end of a local boom that stretched the limits of the labor pool. The $1.1 billion airport midfield terminal project, the $715 million stadium and $150 million Central Library expansion helped to create so…
A&E: Out of the Hopper: Drawings reveal artist’s process
When so much attention is focused on wo u l d – b e b l o c k bu s t e r exhibitions, it’s easy to forget that the Indianapolis Museum of Art mixes things up regularly with smaller shows. At their best, these offer more succinct pleasures-and they don’t require much of a time commitment. Truth is, if you spend more than a half-hour at one, you’re probably just being pretentious. Two new shows-lost a bit in…
Mall parking gets pricier
The operators of Circle Centre’s parking garages have raised rates in a move designed to ensure spaces are available for shoppers and to bring in additional revenue. The new…
First-ever driving festival could put French Lick on the map of exotic vehicles
Organizers of the inaugural World Class Driving Festival at the West Baden Springs Hotel Sept. 3-7 hope to put Indiana
on the map when it comes to exotic cars and potentially lucrative business opportunities surrounding the accompanying lifestyle.EYE ON THE PIE
EYE ON THE PIE What projects should public finance? You name it, Rusty Knale will argue against it. We’re at the delicatessen. He buys the hot pastrami on rye. I’m going for the chopped liver on pumpernickel. “I’m wondering,” I say, “if the new Honda plant at Greensburg is going to do more for the people of Indiana than Lucas Oil Stadium in Indy.” “No,” he answers quickly. “Remember that Dean Martin song, ‘Memories are made of this’? How many…
Ivy Tech cooking up plans for more culinary space
Ivy Tech cooking up plans for more culinary space Growing program hopes to build $7 million school at Glick Center Popular television cooking shows such as “Iron Chef,” “Emeril Live,” “Top Chef” and, dare we mention, “Hell’s Kitchen,” have brought the interest in culinary careers to a boil. To help meet demand locally, Indiana Business College opened a Chef’s Academy downtown nearly two years ago. Now, Ivy Tech Community College is expanding its existing program by building a culinary school…
EYE ON THE PIE: What projects should public finance?
You name it, Rusty Knale will argue against it. We’re at the delicatessen. He buys the hot pastrami on rye. I’m going for the chopped liver on pumpernickel. “I’m wondering,” I say, “if the new Honda plant at Greensburg is going to do more for the people of Indiana than Lucas Oil Stadium in Indy.” “No,” he answers quickly. “Remember that Dean Martin song, ‘Memories are made of this’? How many people will the new Colts’ stadium hold?” “I hear…
Ivy Tech cooking up plans for more culinary space: Growing program hopes to build $7 million school at Glick Center
Popular television cooking shows such as “Iron Chef,” “Emeril Live,” “Top Chef” and, dare we mention, “Hell’s Kitchen,” have brought the interest in culinary careers to a boil. To help meet demand locally, Indiana Business College opened a Chef’s Academy downtown nearly two years ago. Now, Ivy Tech Community College is expanding its existing program by building a culinary school in Indianapolis at the Gene B. Glick Junior Achievement Education Center on North Keystone Avenue. Enrollment in Ivy Tech’s two-year…
OFS Brands buys hotel furniture maker
Huntingburg office furniture manufacturer OFS Brands Inc. has acquired Loewenstein Inc., a maker of hotel furniture headquartered in Pompano Beach, Fla., for undisclosed terms. Family-owned OFS said the deal opens a seamless expansion into the hospitality market, and that OFS would protect the character of the Loewenstein brand and allow it to operate independently in […]
RETURN ON TECHNOLOGY: Can you still do business while unconnected? Amid the legions of the digital fanatics are the professionals who just say no to gizmos and gadgets
I’m not big on those classification schemes that put people into categories. You know what I mean, schemes such as, “There are two kinds of people in the world: those who classify others, and those who don’t.” I’m not sold on Myers-Briggs, for example. I consider it a parlor game with no significant predictive value. All classification schemes leak around the edges, so I avoid them for the most part. However, there is one categorization to which I now subscribe:…
IUPUI faces tough decisions over aging sports facilities
From 1979 to 1982, IUPUI inherited three world-class athletic facilities that have since hosted Olympic trials and world-record performances by top-flight amateur and professional athletes. But that inheritance has turned into a financial albatross around the university’s neck. It’s grappling with how to pay for their upkeep and the improvements necessary to keep the facilities–and the city–in the hunt for high-profile sporting events.
Strip centers feeling sting of housing market slump: Developers cutting back on new retail projects
Those ubiquitous retail strip centers are beginning to wither under a housing slump that has cast a dark cloud over much of the U.S economy. Heavily dependent on new-home construction, strip-center developments have been hurt by tough residential real estate conditions that have spread into the commercial arena and dampened retail activity. Nationally, the volume of strip-center investment transactions is down 77 percent from a year ago, according to a June commercial report from the Chicago-based National Association of Realtors….
Strip centers feeling sting of housing market slump: Developers cutting back on new retail projects
Those ubiquitous retail strip centers are beginning to wither under a housing slump that has cast a dark cloud over much of the U.S economy. Heavily dependent on new-home construction, strip-center developments have been hurt by tough residential real estate conditions that have spread into the commercial arena and dampened retail activity. Nationally, the volume of strip-center investment transactions is down 77 percent from a year ago, according to a June commercial report from the Chicago-based National Association of Realtors….
RETURN ON TECHNOLOGY: Can you still do business while unconnected? Amid the legions of the digital fanatics are the professionals who just say no to gizmos and gadgets
I’m not big on those classification schemes that put people into categories. You know what I mean, schemes such as, “There are two kinds of people in the world: those who classify others, and those who don’t.” I’m not sold on Myers-Briggs, for example. I consider it a parlor game with no significant predictive value. All classification schemes leak around the edges, so I avoid them for the most part. However, there is one categorization to which I now subscribe:…