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Articles

SHELBY COUNTY: BANKING on BEANS

April 21, 2008

SHELBY COUNTY BANKING on BEANS Integrity Biofuels in Morristown persevering despite run-up in soy prices MORRISTOWN-Two years ago this August, the biggest thing in this Shelby County town of 1,300 residents was not the Bunge North America soybean processing plant. Not even its three silos, each as big as an aircraft carrier planted upright by […]

Hopefuls take aim at Mitch: Dem race pits newcomer against political veteran

April 21, 2008

An Indianapolis architect who never has run for public office is squaring off against a political veteran from northern Indiana in the May 6 Democratic primary election for governor. Jim Schellinger, the longtime president of CSO Architects, casts himself as a consensus builder who would emphasize workforce training if he wins the primary and unseats Republican Mitch Daniels Nov. 4. “He lets you be part of the team,” CSO executive Tracy Carfanga said of Schellinger. “He lets you have responsibilities,…

Charging employees to smoke

April 22, 2008

Whirlpool is struggling with its employees in Evansville as it tries to keep a lid on escalating health
care costs.

The company says it has caught a few dozen of them smoking. That wouldnâ??t be a problem had the…

Premier Properties retreats into bankruptcy

April 24, 2008

Premier Properties USA Inc. filed for bankruptcy protection yesterday, narrowly avoiding the appointment of a receiver to
take control of the troubled Indianapolis company.

Local economy not in bad shape, observers say

May 1, 2008

The abrupt slowdown in merger-and-acquisition activity shouldn’t be confused with a poor economy, say some Indiana professionals who specialize in the work. Aside from a few hard-hit industries such as housing and retail, most sectors of the economy are fairly healthy, the observers say. And many think the low point of the economic downturn might […]

Leaders disagree about Clinton, Obama preference

May 5, 2008

The topic of health care sparked the most spirited comments from business leaders interviewed by IBJ ahead of the May 6 presidential
primary. When asked whether they thought Barack Obama or Hillary Clinton would be better for business, executives in manufacturing,
exporting, computer technology, logistics and education largely demurred.

Black history museum loses site, may land on Indiana Ave.

May 12, 2008

The clock is running out on plans to build the Indiana Museum of African American History in White River State Park, but the
ambitious project may find a new home on nearby Indiana Avenue. Less than two weeks before the museum’s option on a two-acre
parcel of park land expires, backers were talking with IUPUI about locating the museum on unspecified university-owned land
along Indiana Avenue.

NOTIONS: Political promises no panacea for health care

May 12, 2008

A while back, I had lunch with my friend John. As is our wont, we talked about politics, religion, our families, joys, frustrations. When the subject turned to work, John told me he’s trying a new approach to fund raising and “friend-raising” for his small not-for-profit cancer agency. He’s cutting out the big, time-consuming special event and simply inviting people in for a one-hour introduction to medically under-served cancer patients and how his organization helps. I told him I’d like…

Opposition expected to proposed TIF district

May 12, 2008

Shelby County residents who oppose a tax increment financing district near the Indiana Downs racino are expected to show up in large numbers this evening at the last public meeting scheduled before the Shelbyville Redevelopment Commission, according to The Shelbyville News. The Shelbyville plan commission and city council already have approved creating a fourth TIF […]

Trustee to intervene in Premier bankruptcy

May 12, 2008

The U.S. Trustee’s office plans to file a motion to intervene in a Chapter 11
bankruptcy case brought by Premier Properties USA Inc. because the development firm is insolvent.

Shelbyville OKs new development district

May 14, 2008

The Shelbyville Redevelopment Commission has approved creating a tax increment financing district near the Indiana Downs racino, according to The Shelbyville News. About 80 residents showed up at a Monday night vote to voice opposition to the district, which would use taxes collected in the area to fund infrastructure improvements rather than going toward schools, […]

SHELBY COUNTY

May 19, 2008

SHELBY COUNTY Growing pains for Morristown The tiny town of Morristown is drawing a lot of interest from expansion-minded businesses. Crane Werks, which repairs overhead cranes, wants the Morristown Town Council to give it tax abatements to buy an abandoned Nabisco building where it would expand its operations. Also, Integrity Metals of Connersville has told […]

Steak n Shake hopes discounts whet appetites: Yet some fear promotions may hurt the brand

May 19, 2008

In an effort to reverse declining sales at its restaurants, The Steak n Shake Co. plans to roll out a number of new promotions and discounts this summer. During a conference call with analysts May 14, interim President Jeffrey Blade said the Indianapolis-based chain plans to introduce deals such as 99-cent children’s milkshakes and discounted burgers and sandwiches to lure customers back into its stores. The company also is testing $1 kids’ meals, a discounted milkshake “happy hour” from 2…

ECONOMIC ANALYSIS: Candidates’ gas plans are just a lot of exhaust

May 19, 2008

It is an election year, and gas prices are high. Though this is not a mixture that is conducive to candor, the level of policy schizophrenia is amazing. It isn’t that any one policy is necessarily bad; it is simply that the nonsense spouted by the big three candidates has reached a new level. Sen. John McCain’s call for a summer gasoline tax amnesty would certainly provide a bit of cost savings for American families who use this time to…

Test run of commuter rail could be relatively cheap

May 19, 2008

Planners and politicians spent the better part of a decade and untold millions of dollars studying a mass transit system between
downtown and the suburbs. They have little to show for it except mounds of reports and an estimate of $690 million, but the
boys in bib overalls at the Indiana Transportation Museum think they can get it done for much less.

Brownsburg power center planned

May 19, 2008

Two local developers are pitching retailers on a proposed 700,000-square-foot power center in Brownsburg. The massive project seeks to capitalize on a growing population center and the…

Bowl bid plays up party atmosphere

May 20, 2008

ATLANTA-Indianapolis’ bid to host the 2012 Super Bowl calls for turning downtown into a big party, complete with massive fire pits to keep revelers warm. Officials hope to beat out Indianapolis’ larger rivals-Phoenix and Houston-in part by casting the city’s smaller size as a strength. “When the Super Bowl comes to Indianapolis, the NFL will […]

NFL owners lobby in advance of big vote

May 20, 2008

ATLANTA – The streets of Atlanta’s Buckhead district were quiet late last night, but the atmosphere inside the Ritz-Carlton was like a New Year’s Eve party. The 32 NFL team owners met and mingled mostly behind closed doors, but the entourages spilled into the lobby and bar area as officials from Indianapolis, Houston and Phoenix […]

Siteplan sleuthing in Las Vegas

May 20, 2008

Hundreds of developers are circulating thousands of siteplans from more than 2 million square feet of exhibition space at the International Council of Shopping Centers convention in Las Vegas. The pitches include dozens…

Not all feel need for ‘Speed Zone’: Speedway’s $500M redevelopment plan is catching criticism from town’s residents

May 26, 2008

Speedway may have been built on motorsports, but some residents think a $500 million redevelopment plan that would transform the small town into a year-round racing-themed destination goes too far. The plan, which involves 350 acres south of Indianapolis Motor Speedway, has become the issue in town at a time when a certain race usually dominates conversations. At the cozy Charlie Brown’s Pancake and Steak House on Main Street, patrons mull over the project in-between forkfuls of the diner’s signature…

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