CIB failure isn’t an option
Creativity and transparency are required to fix the Capital Improvement Board’s financial woes.
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Articles
CIB IN CRISIS No simple fix for $50M hole-WEB ONLY
Click here to learn more about the CIB’s bond troubles. The Indianapolis Capital Improvement Board revealed just days ago that it will cost nearly $50 million annually to get the organization’s books back into the black. Now, the question is whether professional sports teams or taxpayers will foot the bill-a debate that’s already raging behind […]
EDITORIAL: CIB failure isn’t an option-WEB ONLY
These are scary times for the Capital Improvement Board, the entity that owns the city’s major sports venues and the expanding, and increasingly vital, Indiana Convention Center. Saddled with the prospect of a $50 million shortfall in the next few years, CIB is scrambling for a plan to stay solvent. The temptation to lay blame […]
Credit crunch creates bond crisis for CIB-WEB ONLY
There’s so much red ink on the Indianapolis Capital Improvement Board’s books that accounting firm BKD LLP is evaluating whether it can continue as a “going concern.” That’s the bean counters’ term for making a professional judgment about CIB’s ability to keep operating, or if instead it must go out of business and liquidate its […]
Anderson wants Colts Camp
Just about every community within 50 miles of Indianapolis has made one pitch or another to attract the Indianapolis Colts’ annual pre-season training camp. The three-week camp brings hundreds of players and coaches…
Conservancy plans take shape
The Nature Conservancy is finalizing plans for its new $4.4-million headquarters at 620 E. Ohio St. downtown. The not-for-profit group is planning a two-story, 20,000-square-foot…
2 victims identified in deadly I-69 crash-WEB ONLY
Police continue to investigate a deadly crash on Interstate 69 yesterday that involved more than 30 vehicles and killed three people. The chain reaction started after a fire truck was hit by a passing car. Investigators say yesterday’s snow was an obvious factor, and some drivers were going too fast for the conditions. Two of […]
A new anchor for Fall Creek Place?
Check out this rendering of plans for the vacant northeast corner of 22nd and Delaware streets. The two-story project would be built to…
Airport hotel in limbo
The recession, coupled with personnel shifts, have grounded the more than $50-million hotel project adjacent to the new terminal.
Texas developer and New Hampshire not-for-profit promise attention for seniors who prize stable prices
A Texas developer of retirement communities has targeted Carmel for a style of assisted living new to the Indianapolis area that offers on-site health care for the unusual arrangement of a fi xed monthly fee.
LOU’S VIEWS: A trio of terrific leading ladies in NYC theater
This week, an ogre’s beloved, a troubled and troubling mother, and a cad’s catch highlight a sampling of the current Broadway
season.A&E: Theater in NYC-WEB ONLY
This week, an ogre’s beloved, a troubled and troubling mother, and a cad’s catch highlight a sampling of the current Broadway season. Yes, the stories you’ve heard are true. The lights have gone out on much of Broadway. With a long list of shows shutting down, the pickings are slimmer for anyone who goes to […]
Airport hotel in limbo-WEB ONLY
Plans for a 250-room hotel connected to the new Indianapolis International Airport terminal are in the deep freeze as the lodging industry contends with vacancies at a 20-year high. Just when the project might be revived is difficult to say. One thing is certain; the hotel won’t be open in 2009 as planned-and 2010 is […]
A&E Theater in NYC: A trio of terrific leading ladies-WEB ONLY
This week, an ogre’s beloved, a troubled and troubling mother, and a cad’s catch highlight a sampling of the current Broadway season. Yes, the stories you’ve heard are true. The lights have gone out on much of Broadway. With a long list of shows shutting down, the pickings are slimmer for anyone who goes to […]
Zimmer profit falls 37 percent on buyout costs-WEB ONLY
Orthopedic implant maker Zimmer Holdings Inc. today said its fourth-quarter profit dropped 37 percent due to slowing sales and the cost of buying Abbott Spine. Warsaw-based Zimmer said its profit decreased to $167.5 million, or 75 cents per share, from $263.8 million, or $1.12 per share, in the prior-year period. Revenue fell 4 percent to […]
Indiana jobless jump among nation’s highest-WEB ONLY
Indiana’s unemployment rate reached 8.2 percent in December – the highest it has been since President Ronald Reagan began his second term in office. The state’s rate in December shot up 1.1 percentage points, pushing the figure to its highest point since February 1985, according to the U.S. Bureau of Labor Statistics. Indiana has the […]
State’s jobless rate hits 8.2 percent-WEB ONLY
Indiana’s unemployment rate shot up more than 1 percentage point to 8.2 percent in December, according to figures released this morning from the Indiana Department of Workforce Development.The state’s jobless rate grew from 7.1 percent in November and is a whopping 3.6 percentage points higher than the 4.6 percent unemployment rate recorded in December 2007.Indiana […]
Indianapolis airport director Kish to depart-WEB ONLY
Indianapolis Airport Authority honcho John J. Kish is flying south, leaving his current position in April to oversee development of an arena in downtown Evansville. The Evansville Redevelopment Commission voted to hire him yesterday. Kish, 54, oversaw construction of the airport’s $1.1 billion midfield terminal project, which opened in November. Before becoming executive director of […]
Airport’s Kish to oversee Evansville arena-WEB ONLY
Indianapolis Airport Authority honcho John J. Kish is flying south, leaving his current position in April to oversee development of an arena in downtown Evansville. The Evansville Redevelopment Commission voted to hire him yesterday. Kish, 54, oversaw construction of the airport’s $1.1 billion midfield terminal project, which opened in November. Before becoming executive director of […]
Bloomington wants new tax to boost tourism-WEB ONLY
The cost of a night on the town in Bloomington could go up if state lawmakers approve a bill calling for a 1-percent food and beverage tax to help expand the Bloomington/Monroe County Convention Center. State Rep. Peggy Welch filed the measure late last week. If it passes, local officials also would have to approve […]