A group of mostly local companies that made big investments to help launch Circle Centre mall soon could be asked to write off a portion of profits they agreed to redirect into the construction of Conseco Fieldhouse. The Capital Improvement Board has floated the possibility of asking the 13 investors-including Conseco, American United Life, Duke […]
Got a little time? And some interest in the future of the arts in Indianapolis?
Sit back and watch IBJ’s arts funding roundtable. Your thoughts, of course, are most welcome.
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The Indiana House approved two massive spending bills yesterday – a job-creation proposal that would funnel $1 billion toward local road projects and an education budget that would give schools a 2-percent spending increase. Some Republicans objected to both bills because they would each tap into reserve or trust funds to help pay for the […]
Even in a time of great economic distress, the Indiana Pacers have kept on giving.
Through grants across Indiana to over 40 organizations, annual scholarship awards and a $500,000 commitment to…
The Indianapolis Capital Improvement Board yesterday approved $5.8 million in cuts to its annual budget and agreed to defer an additional $2.3 million in building-maintenance costs this year in an effort to shave its swelling operating deficit. The CIB revealed late last month that it is facing a $43 million annual operating shortfall due to […]
Two drug companies, Pfizer Inc. and Eli Lilly and Co., spent hundreds of millions of dollars last year to raise awareness of a murky illness, helping boost sales of pills recently approved as treatments and drowning out unresolved questions – including whether it’s a real disease at all. Key components of the industry-funded buzz over […]
Many boards of directors have not taken to heart their responsibilities, opting instead for the easier route of trusting management and operating personnel.
Some local women business owners are encouraged by the election of President Barack Obama and his appointment of a new chief at the Small Business Administration who is thought to be especially interested in the needs of women-owned businesses.
Stimulus talk continues to dominate discussion at the Indiana Statehouse, creating indecision for lawmakers who were supposed to be devoting their full attention to assembling a two-year budget under difficult economic circumstances.
CT scanners have been used for decades to peer inside humans. Now a Purdue University researcher is training the technology on hardwood trees to help lumber mills get the most value from logs.
Jim, you could engender so much good will if you would step forward and provide some short-term relief by paying more toward the operating costs of Lucas Oil Stadium.
A panel convened by IBJ discusses the lack of funding dilemma and need for broad-based support in the Indianapolis arts community.
DIRECTORS Stephen Russell, 68 Occupation: Chairman and CEO of the company Number of common shares: 1,296,982 Previous year: 1,251,420 Michael Miller, 63 Occupation: Chairman and CEO of Aarnel Funding Corp., partner of Independence Realty, president and CEO of Miller Investment Co. Inc. Number of common shares: 64,175 Previous year: 55,033 Anthony Heyworth, 64 Occupation: Retired […]
Dear Jim:It’s me again. You probably don’t remember, but 2-1/2 years ago-Sept. 4, 2006, to be precise-I penned my fi rst open letter to you in this very space. I never heard back from you on that one, not that I expected to. Hey, you’re a busy guy. I wrote that letter when perhaps 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 […]
Indiana’s share of NASA spending amounts to little more than a shiny penny at the bottom of a clothes dryer. Only $130 million made its way to the state in 2007-virtually nothing compared to the $12 billion the space agency doled out to all states and the $5 billion Indiana companies snagged from the U.S. […]
Last week, we at IBJ gathered a panel of local arts professionals to discuss funding issues. A story about that insightful talk will appear in the upcoming print IBJ while a video will appear on line. I’ll give you more…
Some major foundations in central Indiana are narrowing grantmaking criteria so they can funnel their reduced asset streams toward pressing needs brought on by the recession. “This is not the year to be wide open,” Central Indiana Community Foundation President Brian Payne said. Two major funds under the CICF umbrella, the Indianapolis Foundation and the […]
The Indiana House Ways and Means Committee has endorsed a bill to fund local road projects. The bill, which was approved on a 15-8 party-line vote, would give $800 million from the lease of the Indiana Toll Road to cities, towns and counties. Democrats say the bill would create thousands of new jobs, but critics […]
