Whether it’s southbound I-69 traffic backed up almost to Noblesville, or northbound I-465 traffic a parking lot all the way
to 56th Street, the northeast highway system is grossly inadequate at peak hours. But a report issued last month by an INDOT
consultant shows a radical, $600 million reconfiguration is in the works.
CertainTeed Corp. has halted construction on a $70 million plant in Terre Haute that is to make cement-fiber house siding, prompting contractors to slap a flurry of liens on the property. The Valley Forge, Pa., company says the stop is temporary, but didn’t offer details as to when construction might resume, according to The Tribune-Star […]
On the surface, it doesn’t appear that a lot is going well for Celadon Group Inc., the Indianapolis trucking firm. Its stock price of $9.45 per share is half its value early this year. Two analysts have downgraded the stock in the past month, and one of them expects Celadon earnings to be down by […]
Convenience store stalwart Village Pantry has launched a $15 million plan to renovate 146 stores and is eyeing acquisitions
that could double the chain’s size in three years. The moves come as Village Pantry separates from parent Marsh Supermarkets
Inc., a company that for years treated the convenience-store division as a redheaded stepchild.
The writing has been on the wall that Indianapolis might lose the headquarters for ATA Airlines and/or parent Global Aero
Logistics ever since April, when Global said it was buying Georgia-based World Air Holdings. Now, the writing is on paper:
Indianapolis has lost another headquarters.
The Indiana Court of Appeals has ruled against Whirlpool Corp., saying an employee at its Evansville plant was fired in retaliation for filing a racial-discrimination complaint, reports the Evansville Courier & Press. The ruling, which upholds earlier decisions by the Vanderburgh County-Evansville Human Relations Commission and Circuit Court Judge Carl Heldt, states Harriett Layne should […]
The Lafayette Square neighborhood is known for its aging mall and the ongoing struggle to keep tenants there and in the surrounding sea of strip centers. But some advocates want to promote a success story: the demographic diversity that has given rise to a plethora of ethnic eateries in the area. Visitors who take a trip through some of the retail centers and outlots off West 38th Street can find the ubiquitous pizza, gyros and sushi-along with more unusual Ethiopian,…
The managers of many downtown hotels are sinking millions of dollars into their properties, hoping to burnish product that will soon compete with roughly 2,340 rooms in several new hotel construction projects. And while regular renovations are the lifeblood of the hotel industry, experts say the market’s rash of big-ticket overhauls is also a defensive move. The biggest competition for existing hotels is likely to come from the $325 million J.W. Marriott complex, which will include the city’s largest convention…
Embattled Finish Line Inc. has quietly sent the family that founded and ran its Man Alive chain packing. The company on Nov. 12 announced the appointment of former Haggar Clothing Co. executive Lou Spagna as president of the struggling 96-store urban apparel chain. Tucked in the press release was a quote from Finish Line President Glenn Lyon expressing “our appreciation to the Bublick family for the service they have provided.” It was a major overhaul. Gone are Jeff Bublick, 47,…
Recent results from an annual survey show health services remains the most popular career choice among Indiana high-school juniors planning to go to college. The questionnaire was administered by Learn More Indiana, an effort to promote college and career planning supported by the Indiana Commission for Higher Education, as well as a few other state agencies. Learn More Indiana has existed for about 20 years, but had been known as the Indiana College Admissions and Placement Center before the arrival…
Last Saturday, my wife Cherà and awoke to a beautiful fall day. Having no o b l i g a t i o n s , w decided to take spontaneous trip to Orange County, to see the restored West Baden Springs Hotel Despite the rash of stoplights on State Road 37 and a flurry of pre-game traffic for the Old Oaken Bucket clash, the drive was a breeze. Cherà had never been to West Baden Springs. So the beautifully…
The Indianapolis-based parent of the Ritter’s Frozen Custard brand has been stuck in a cold streak lately, facing scores of
new ice-cream competitors and a dwindling lineup of franchisees. But RFC Franchising LLC is planning big changes designed
to firm up the home-grown chain, which now has 48 stores in nine states, down from more than 60 locations in 2005.
Cspine Inc., a startup orthopedic and dental device maker based in Plymouth, plans to launch research and development and prototype manufacturing operations in the northern Indiana town, the Indiana Economic Development Corp. said today. The move is expected to create as many as 49 jobs over the next five years. Cspine will spend about $3 […]
Indianapolis Public Schools Superintendent Eugene White, in his third year as head of the state’s
largest school district, is determined to reverse the long decline of the state’s largest school district. The status quo
is not an option.
The long-vacant Eastgate Consumer Mall is getting a new tenant: Lifeline Data Centers. City officials are planning an 11 a.m. announcement today detailing an expansion for the locally based data-storage and Web-hosting company. Two people familiar with the announcement confirmed that Lifeline plans to reuse all or part of the 370,000-square-foot mall, which was built […]
A locally based data storage company has agreed to buy the former Eastgate Consumer Mall on the far east side and plans to invest $23 million to turn the 370,000-square-foot building into a high-tech data hub. This morning, executives with Lifeline Data Centers LLC joined Mayor Bart Peterson to announce the deal, which was first […]
Christopher P. White is arguably the city’s most daring real estate developer. But an IBJ review of hundreds of pages of public
records shows White and his Premier Properties USA Inc. are facing major financial and legal challenges.
The deadly shooting spree at a Nebraska mall this month highlighted a challenge confronting Simon Property Group Inc. and other shopping center operators: how to protect their properties from violent acts, or even terrorism, while also leaving them welcoming to shoppers. Most retail real estate owners have ramped up security since the 9/11 terrorist attacks, though experts say shopping centers, like schools, remain “soft targets” for terrorism. “Shopping center owners have been very concerned about security for their patrons for…
Retired Olympic distance runner Bob Kennedy and his business partner, Ashley Johnson, have expanded their Running Co. to four
stores. The most recent expansion is their boldest yet, pitting them against mall giants Dick’s Sporting Goods, The Finish
Line and Foot Locker for supremacy among south-side runners and walkers.
Paris-based utilities giant Veolia Water has reached a deal to move its North American headquarters into the 16-story National
City Center, providing a boost to a downtown building still reeling from the loss of Simon Property Group Inc.
