“Traditionally, it isn’t over until the fat lady sings. But it seems it will soon be over for the singing fat lady.”
So opens a piece in The London newspaper The Independent concerning the slimmer and fitter brand of opera…
Cities and counties are looking for alternatives to asphalt as the price soars for the oil-based material and threatens
to bring paving projects and contractors skidding to a halt. The city of Indianapolis may have just found
one viable alternative that goes down like asphalt: roller-compacted concrete, or "rollcrete."
Citizens Gas & Coke Utility on Aug. 25 will announce a new name and logo that reflect the diversification of its energy businesses and the closure last year of its 98-year-old foundry coke plant. Citizens Energy Group will be the name of the parent, a utility founded 120 years ago. Two units-Citizens Gas and Citizens Thermal-will retain their names. But a third, Citizens By-Products, will be renamed Citizens Resources. “We’re entering a new era,” said Citizens President and CEO Carey…
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.
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…
At least 12 local Starbucks stores are slated to close by early next year as part of a 600-store nationwide purge. The chain is closing eight stores in Indianapolis and stores in Carmel, Greenwood, Beech Grove and Plainfield. About 200 people in central Indiana could lose their jobs in the move since each location employs […]
Former car dealer and congressional candidate Eric Dickerson has filed for personal bankruptcy after three failed businesses
left him saddled with more than $1 million in debt. Dickerson says he is virtually broke save for a $101,000 inheritance he
is set to receive from the estate of his late mother.
A bankruptcy trustee is planning an auction of Premier Properties USA Inc.’s
remaining office furniture while struggling to get a handle on what other assets remain for the defunct developer.
If you were at the track over the weekend or in the past few weeks, you made your way through Speedway,
an island of stability in a county where some other older communities, like Beech Grove, are slipping into
decay.
Speedway…
Prices of an alternative fuel that’s had patriotic and environmental appeal–but not an economic one for motorists–have been
flirting this month with gasoline on an energy-equivalent cost basis. The sudden but often fleeting price appeal of fuel “E85,”
a blend of ethanol with a dash of gasoline, is due largely to gas prices soaring to nearly $4 a gallon.
Event-planning software developed by a local firm has been the backbone of volunteer efforts for the Men’s Final Four, the Indianapolis 500 Festival and the USA Track & Field Championships. Now it will add a Super Bowl to its resume. The Tampa Bay Super Bowl Host Committee, which is staging the 2009 NFL championship, will use Indianapolisbased Simply Hospitality’s TRS software to recruit and coordinate the 6,000 volunteers it expects to use for the big game. Officials looked at eight…
Troubles for Carlyle Capital Corp. Ltd., a unit of Carlyle Group, a Washington D.C.-based private equity group, have worsened after it said it can’t meet demands of more than $400 million in margin calls from lenders, according to Bloomberg. The fund had defaulted on about $16.6 billion of debt as of yesterday and expects additional […]
On the same day this month when high school boys’ basketball teams compete to advance to the state finals, another event showcasing the talents of Indiana’s youth should be just as climactic. Only this contest emphasizes academics over athletics. The three-day Boilermaker Regional at Purdue University that culminates March 15 will host roughly 40 high school robotics programs, including 26 schools from Indiana. Students will apply their engineering and computer programming skills to design and build task-performing machines. The winning…
Carlyle Capital Corp. Ltd., a unit of Carlyle Group, a Washington D.C.-based private equity group, did not meet banks’ margin calls on its $21.7 billion portfolio, according to several news services. Last fall, Carlyle Capital bought Allison Transmission in Indianapolis from General Motors Corp. for $5.6 billion. Carlyle Capital has received several notices from banks […]
Not all news is bad for retail. A few stores are planning their first Indianapolis locations, while others are expanding. By popular demand, here’s the Around Town Retail Roundup:
Zumiez, an action-sports retailer, has…
The park is expected to be a major amenity for the area’s growing biomedical economic development efforts. Purdue Research Foundation paid $2.5 million in June to purchase a half-interest in 78 acres at AmeriPlex industrial park. The university ultimately anticipates filling it with as many as 75 businesses and 1,500 jobs. AmeriPlex owner Holladay Properties, a South Bend developer of industrial parks, owns the other half of the site. Dubbed Purdue Accelerator Park at AmeriPlex-Indianapolis, the project is intended to…
The Indianapolis area didn’t experience a monster-size business transaction in 2007 like it has in recent years, but that doesn’t mean the deal-makers weren’t busy. IBJ’s annual list of Big Deals tracked more large business transactions involving Indianapolis-area companies than ever before in 2007, even though the total dollar amount of the deals was dramatically lower than the previous year’s. Deals compiled by the Indianapolis Business Journal that closed in 2007 totaled $23.4 billion, well below the $38.5 billion posted…
A unit of Citizens Gas proposes building a natural-gas-fueled steam plant in Speedway to serve large employers in the town
of 12,800.
Christopher P. White is arguably the city’s most daring real estate developer. But an IBJ review of hundreds of pages of public
records shows White and his Premier Properties USA Inc. are facing major financial and legal challenges.
