A sluggish economy and stiffer enforcement of franchise agreements resulted in second-quarter profit plunging 44 percent for Noble Roman’s Inc., the Indianapolis restaurant chain announced late yesterday. Noble Roman’s generated $395,307 in net income compared with $703,506 a year earlier. Revenue dived to $2.4 million, from $3.1 million. The company attributed most of the weaker […]
Cleaning crews are wiping construction dust from the 63,000 seats in Lucas Oil Stadium, prepping for the public’s first peek at the $720 million venue Aug. 16. But the hard work is only beginning for the city’s Capital Improvement Board, the entity charged with operating the stadium. The fumbling point: CIB is anticipating a $20 million operating deficit for Lucas Oil Stadium in 2009.
Each year, the 30,000 people who ride the Fishers fair train disembark at a depot east of Fall Creek and shuffle 228 feet across the historic 39th Street bridge, which leads to Gate 6 of the Indiana State Fairgrounds. Few likely give much thought to the crumbling condition of the bridge, other than noticing that a large block of stone railing has broken off at the west end. But, below, stones also have fallen off the sides of an arch…
Alternative-energy giant Horizon Wind Energy is opening an Indianapolis office focused on developing up to four new wind
farms in Indiana at a cost of more than $2 billion. The Houston-based company is renovating space on the
top floor of the 12-story J.F. Wild Building at 129 E. Market St., where it plans to manage development
of new wind farms in Indiana and Ohio.
Clarcor Air Filtration Products announced this morning that it will bring 425 jobs to Jeffersonville by relocating its Louisville headquarters and consolidating its Midwest manufacturing operations there. Jeffersonville is across the Ohio River from Louisville. The company, which manufactures filters under the brands Purolator, Air Technologies, Airguard Industries and ATI, will invest $8.5 million to […]
Government officials are accustomed to granting economic development incentive to companies in the hope of encouraging expansions that otherwise might not occur. However, in Evansville, Berry Plastics Group Inc. has asked for incentives months after starting construction on an addition to its tool shop, according to the Evansville Courier & Press. The newspaper quoted Vandenburgh […]
Since its inception, the center’s staff has worked with venues ranging from the Golden Gate Bridge in San Francisco to local parks in the Indianapolis area. Besides facilities, it also comes to the aid of individuals. Recently, the center helped a bride who wanted to get married on the beach at sunset. A family member uses an electric wheelchair, so the center offered advice to her Florida hotel on how to construct a portable wheelchair path to the ceremony that…
A local developer known for its strip centers has stopped building new projects, scaled back its staff, and is trying to
unload several of its properties in an apparent bid to survive. Williams Realty Group earlier this year
shuttered its custom-home-building operation, DayMarc Homes, and now observers are wondering if owners Dave
Crockett and Marc Freije can keep the rest of Williams afloat.
An economic dry spell may have corporate America praying for rain, but tough times have led to a bountiful year at the
Indiana State Fair. Two weeks before the fair’s Aug. 6 start date, corporate sponsorships were running 22 percent ahead of
2007, surpassing $1.5 million for the first time.
Staggeringly high gasoline prices and a sputtering economy are preventing scores of would-be travelers from packing up their thirsty sport-utility vehicles and heading to their favorite vacation destinations. Nationwide, hotel occupancy rates slipped to 68 percent through June of this year, down from 71 percent the same time last year, according to the most recent data from Tennessee-based Smith Travel Research. For the most part, local hotel operators are feeling the same pain. Through the first six months of the…
City planners are seeing red over the bright yellow facade at a new Buffalo Wild Wings under construction along Washington Street downtown. Turns…
The Richmond City Council declined to vote last night on a 1-percent food and beverage tax that would have funded construction of a conference center. Mayor Sally Hutton asked councilors to table the vote in order to give supporters more time to collect and present details to councilors, according to The Palladium-Item of Richmond. Several […]
It is likely that “Chakaia Booker: Mass Transit,” the 10-piece exhibition running through April 1, will invite a greater negative reaction than the two previous public art shows that dotted downtown. Unlike Tom Otterness-with his rounded smileys masking money-is-evil messages-and Julian Opie-many of whose “Signs” could have served as, well, signs-Booker creates work that is abstract, defiant and unpolished. The pieces-constructed from tires-aren’t pretty, they aren’t funny, they aren’t slick and they don’t seem aimed to please. As such, they…
Marion County economic development officials are proud of their latest headquarters attraction. Bowen Engineering Corp.
will inject 103 high-paying jobs into the Indianapolis economy immediately. And over time, the company expects
to add another 138. Their average salaries will top $70,000. The deal didn’t require Mayor Greg Ballard
to travel to Japan, or even to another state. Bowen Engineering is moving all of 8.4 miles, from its former
home in Fishers to the 8800 block of North Meridian Street.
Bulldozing history shouldn’t be easy Ivy Tech should keep its promise Ivy Tech Community College says it is continuing to seek feedback from the public about how best to redevelop the old St. Vincent Hospital property just north of downtown, but it already has an architect’s drawing of what could replace the neoclassical structure built in 1912. Does that mean Ivy Tech’s leaders have their minds made up about the property’s future? We hope not. The city turned over the…
Several landmark commercial properties fronting Interstate 465 on the northeast side could be in the path of bulldozers
when the state begins adding lanes as early as 2012. Memos prepared by a consulting firm to the Indiana
Department of Transportation go as far as estimating acquisition prices for buildings, including that of
country station WFMS-FM 95.5 and other Cumulus Media stations at 6810 N. Shadeland Ave.
Wow, what a busy day. First off: No luck so far snagging a rendering of the new Buffalo Wild Wings under construction along Washington Street…
The Madame Walker Theatre Board said it has chosen a preferred developer for a mixed-use development and renovation of the historic venue on Indiana Avenue. Full Spectrum of NY LLC would lead the mixed-use development, which may include retail and restaurants, office space and a boutique hotel. The first phase will involve renovating and expanding […]
Eighteen years have passed since the Americans with Disabilities Act opened doors for people who hadnâ??t been
able to participate in much of American society â?? and brought a corresponding flood of construction costs
and lawsuits.
Now the Justice Department is…
The Chicago region experienced a sluggish economy last month, according to the latest Beige Book report by the Federal Reserve Bank of Chicago. Mixed consumer spending was influenced by federal tax rebates and increased retail discounting as well as by slowing auto sales. Tourism and agriculture was hurt by wet weather, and discretionary spending on […]
