Health reform provision called ‘death sentence’ for doctor-owned hospitals
House and Senate versions of health care reform could halt the trend toward physician-owned hospitals.
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Duke Energy wants ratepayers to fund carbon dioxide storage site study
The state’s utility consumer agency is opposing Duke Energy’s request to have customers pay $121 million to
study where to inject underground the carbon dioxide to be produced by its Edwardsport plant.Ford delay extends life of east-side steering plant
A Ford Motor Co. subsidiary will start cutting its local work force next year, but won’t close its east-side plant
for good until late 2011.Indiana Ice plan to build $12 million hockey facility
Ice Sports and Entertainment, the owner of the Indiana Ice hockey team, announced Wednesday afternoon that it plans to
build a complex that could contain up to four skating rinks and house the Indiana/World Skating Academy.Smoking ban bill sent back to committee
The fate of a proposal that would impose a stricter workplace smoking ban in Indianapolis remains up in the air after the
City-County Council voted Monday night to send the bill back to committee for further review.Planners recommend denial of IBJ variable-message sign
The city’s planning staff is recommending denial of an electronic message screen proposed as part of a new sign for IBJ Media
Corp., the parent company of Indianapolis Business Journal.Plant would pipe carbon dioxide to oil rigs
Carbon dioxide produced by a proposed coal gasification plant near the southern Indiana town of Rockport would be used to
help boost oil production in the Gulf of Mexico under a plan by the company leading the project.Disclosures key to feds’ probe of Durham’s Fair Finance
Any case federal prosecutors pursue against Tim Durham or his associates likely would revolve around what his Fair Finance
Co. disclosed—or didn’t disclose—to potential investors, legal observers said.Noble Roman’s gives in to shareholder demands
Pizza chain Noble Roman’s Inc. says plans for its first investor meeting in seven years have no connection to an investor’s
lawsuit.Brizzi dropped plan to serve on board of Durham company
Marion County Prosecutor Carl Brizzi said he agreed this fall to serve on the board of Tim Durham’s Fair Finance
Co., but changed his mind several weeks later after Durham told him a newspaper was working on an investigative
story about the company.Coal-gasification plant price tag climbs to $2.5 billion
Duke Energy Corp. said the cost of the plant it’s building in southwestern Indiana has risen another $150 million.
Biglari was persistent in pressing Western Sizzlin deal
Steak n Shake CEO Sardar Biglari proposed buying Western Sizzlin in January and again in May and advocated the unusual structure
of the $39 million transaction.Remnants of failed Premier Properties finally hit market
CB Richard Ellis recently began marketing the most prominent of Premier Properties’ local properties, Metropolis. The
Venu site
at the southwest corner of East 86th Street and Keystone Avenue also is up for grabs.Patachou should respect community
At 49th and Pennsylvania, Café Patachou seeks to expand, open a new pizzeria, and use much of the public sidewalk
for proposed outside seating.Premier lays off workers as lawsuits, debt pile up
Premier Properties USA Inc. has eliminated about half its headquarters staff—more than 40 employees—as banks seize
several of its properties and CEO Christopher P. White faces a barrage of new lawsuits alleging unpaid bills, defaulted loans,
illegally redirected rent payments and check fraud.Creditor pursues troubled Premier’s property
Wachovia Bank has begun foreclosure proceedings on one of Premier Properties USA Inc.’s most prized developments,
a giant Ohio lifestyle center anchored by Target and J.C. Penney.Memo: Unpaid contractors demanding payment from Premier Properties
Premier Properties USA Inc. is scrambling to keep up with bills for basic services including snow removal,
security and interior design—more signs of financial troubles for the developer of Metropolis in
Plainfield and the proposed Venu project in Indianapolis.SPECIAL REPORT: Financial travails dog ‘mystery man’ at helm of Premier Properties
An IBJ review of hundreds of pages of public records shows Christopher P. White and his Premier
Properties USA Inc. are facing major financial and legal challenges. The most glaring signs of trouble: Contractors have filed
more than $3.5 million in liens against Premier’s retail properties in Plainfield; the state of Indiana is trying to
recover $375,000 in sales taxes on White’s airplane; and the contractor who renovated his Lake Clearwater mansion
is suing him to recover more than $600,000 in unpaid bills.Speedway breaks ground on redevelopment project
Speedway officials broke ground Thursday morning on the first phase of a $500 million redevelopment project they hope will transform the small town into a year-round racing-themed destination.
Developer eyes Penn Centre as it wraps up Allen Plaza
Allen Commercial Group is offering for sale the first of 30 condos in its flagship nine-story Allen Plaza building along Pennsylvania
Street downtown. And the firm is working on a phasing plan for its much-larger Penn Centre proposal.