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New golf superstore part of retail shakeup: Golfsmith goes head-to-head with Golf Galaxy

November 13, 2006

One of the nation’s largest specialty golf retailers, Golfsmith, is preparing to take a swing at the reigning champion of golf stores in central Indiana. The Austin, Texas-based chain is planning a 28,000-square-foot superstore in space now occupied by Marshalls in Castleton, less than a sand wedge from fellow category killer Golf Galaxy. The move is part of a major shakeup in a part of Indianapolis that’s long been a headquarters for golf shopping. The arrival of another national heavyweight…

Sympathy for New Orleans may ruin Indy’s Super Bowl bid

November 27, 2006

The stiff competition facing Indianapolis’ bid for the 2011 Super Bowl just got stiffer. Besides Glendale, Ariz., and Dallas, New Orleans officials have told NFL officials and team owners they want to host the championship game again as part of the city’s recovery from Hurricane Katrina.

Mayor: MSA project can’t hinge on pre-sales: Requirement might mean city has to ante up

December 4, 2006

City leaders are sticking to their guns: They want a residential tower on the former Market Square Arena site downtown. And they want developers to start construction before they ask potential residents to buy. The idea is to eliminate the stumbling block that derailed previous redevelopment efforts, but observers say the requirement will make it difficult to line up financing-unless the city kicks in some money. Mayor Bart Peterson hasn’t ruled that out, but he remains resolute on one point:…

Lottery privatization hinges on contractor’s bolstering sales

December 25, 2006

To make the hefty payments to the state Gov. Mitch Daniels demands and still turn a profit, a private operator taking over
the Hoosier Lottery would need to boost revenue by hundreds of millions of dollars a year.

IMA may drop Puck for service lapse

January 8, 2007

The Indianapolis Museum of Art is considering whether to revoke Wolfgang Puck’s exclusive catering contract after the company’s
slow service marred an important event in November.

State to privatize mental-health hospital

January 15, 2007

State officials are advancing plans to privatize a state-run hospital for the mentally ill and now are looking for a not-for-profit
to build and manage a new facility in Indianapolis.

For sale: Undeveloped piece of Hilbert property

January 17, 2007

Conseco Inc. has put up for sale 49 undeveloped acres in Carmel once owned by former CEO Stephen Hilbert and his wife, Tomisue. The property at the southwest corner of 116th Street and Spring Mill Road was snagged by the Carmel financial services company in a legal settlement with its co-founder. It does not […]

Charities struggle to cultivate donors

January 22, 2007

Attracting people under 40 with money to give is one of the latest challenges faced by not-for-profit organizations. As fund-raisers
look toward cultivating the next generation of supporters, they see a younger generation that appears less inclined to do
so.

BEHIND THE NEWS: Awkward auction of Adesa leaves investors miffed

February 5, 2007

The discussions leading to the sale of Adesa Inc. were frenzied and wild. But was the final price-$27.85 a share in cash, or a total of $2.5 billion-as high as it should have been? A disgruntled individual investor says no, and is suing the Carmel-based autoauction firm in hopes of blocking the deal and collecting damages. The suit, filed in mid-January by the Delaware-based law firm Rosenthal Monhait & Goddess, seeks class-action certification. Moreover, two other Adesa shareholders-Royce & Associates…

Burns Harbor steelmaker slams lid on hardhat decals

February 6, 2007

Workers at Beta Steel Corp., a minimill in Portage, are upset about a new policy that forbids sticking decals to hardhats, according to The Times of Munster. Beta Steel thinks the blue hardhats promote a team image and doesn’t want them plastered with stickers. But International Longshoremen’s Association Local 2038, which represents about 325 workers, […]

Super Bowl bid team more confident after visit to Miami: Civic leaders gathered useful info on ‘terrific’ trip

February 12, 2007

No more. In Miami, the daunting requirements for hosting the game began to make more sense. The city’s strengths came into focus. Extensive tours of the stadium, media center, team hotels and practice facilities, along with hours of meetings with NFL brass and officials with other host cities, left the contingent feeling Indianapolis is ready for a Super Bowl. The group hopes to raise $25 million in private funds to host the game in 2011. “It was a terrific trip…

Harry & Izzy wins liquor permit

March 5, 2007

St. Elmo Steak House spin-off Harry & Izzy’s won unanimous approval for a liquor permit this morning after Marion County Prosecutor Carl Brizzi withdrew as an investor in the $4 million venture, said Dave Heath, chairman of the state’s Alcohol and Tobacco Commission. Questions arose last week about the legality of Brizzi’s 10-percent stake in […]

Pledge blitz buoys Bowl bid

March 19, 2007

The team leading Indianapolis’ bid to host the 2011 Super Bowl is calling on the corporate community to get in the game fast.
More than a dozen business leaders are rushing to raise $25 million before May 23, when NFL owners are expected to select
a host city from hopefuls Indianapolis; Dallas; and Glendale, Ariz.

Duke, Lauth, Mansur join MSA site fray

March 26, 2007

A who’s-who of local firms is planning bids to redevelop the Market Square Arena site with mixed-use projects that would depart
sharply from previous efforts focused on residential. New plans are expected to include retail , offices, apartment units
and condos backed by high-profile local developers that didn’t bid before.

University takes advantage of new design-build law: IU finishes its first building under construction process

March 26, 2007

What do the Pyramids, the Great Wall of China and the Taj Mahal have in common? Each project was both designed and built by the same people. Basically, they were among the first design-build projects in history. What seemed like a good idea hundreds and thousands of years ago has been slower to take hold in modern times. These days, most construction projects are still completed by separate entities-one that draws up the plans and another that brings those plans…

Carmel to get $30M Renaissance hotel

April 16, 2007

A prestigious, full-service hotel soon will complement Carmel’s booming office market along North Meridian Street. A Cincinnati
developer broke ground this month on a roughly $30 million Renaissance hotel with 263 rooms and 14,000 square feet of meeting
space.

MSA’s big day

April 18, 2007

Bids for redevelopment of the Market Square Arena site are due at noon today. Who will file? What will they propose? Share your thoughts here, and check ibj.com and this blog for updates all day.

BREAKING: Foot Locker bids for Hat World parent

April 20, 2007

New York-based Foot Locker Inc. this morning offered to buy Tennessee-based Genesco Inc. for $1.2 billion—a deal apparently driven by Foot Locker’s desire to gain ownership of Genesco’s Indianapolis-based Hat World unit. Talk of a possible deal has been brewing for weeks. Women’s Wear Daily reported last month that Foot Locker planned to open its […]

FBI’s project bid puzzles local developers

April 23, 2007

Some local developers were left scratching their heads last month when the federal government chose an out-of-state company
to develop an FBI field office in Castleton. The U.S. General Services Administration awarded the $38 million project to Lake
Winnebago Mo.-based BC Development Co.

Winning bidder plans mixed-use project: Plan for state-owned parcel would add new neighbors for Bourbon Street Distillery, Musicians’ Repair & Sales

April 30, 2007

The winning bidder for a prime piece of state-owned land on the west side of downtown hopes to break ground later this year on a residential and retail complex. The project would replace a shabby parking lot on a triangle-shaped block that is now anchored by The Bourbon Street Distillery and Musicians’ Repair & Sales. The U-shaped, 0.75-acre property at 340 N. Capitol Ave. touches Indiana Avenue, Capitol Avenue and Vermont Street. The development likely would include condos above a…

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