JULY 4-10, 2011
This week, find out more about the plans for a city-backed parking garage in Broad Ripple and get the scoop on possible train excursions to downtown Indianapolis. In Focus, meet the new leader of the Indiana Minority Supplier Development Council. And see who made our 2011 Who's Who in Law list of the region's best legal minds.
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Shrinking revenue puts Ballard in hot seat
A drop in local income-tax revenue could put Indianapolis Mayor Greg Ballard between a familiar political rock and hard place as he faces re-election. Next year’s budgets must be approved in October, when Ballard’s race with Democratic challenger Melina Kennedy will be in the home stretch.
Read MorePacers’ Simon at center of NBA labor fight
Along with players’ salaries and contract terms, revenue sharing among the NBA’s 30 team owners is becoming the wild-card issue that could blow the lid off contract negotiations.
Read MoreForum Credit Union trying to rebound from recent losses
Fishers-based Forum Credit Union was on the upswing from a sizable loss in 2008 when a slew of challenges hit late last year. Now Forum is rebuilding its earnings—and looking for a new leader to steer the company.
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City mum on economics of $15M parking garage
City officials and the developer of a proposed parking garage in Broad Ripple have refused to share financial projections for the project, describing the documents as a “trade secret” exempt from public disclosure.
Read MoreRolls-Royce upgrades engine on market since 1950s
Rolls-Royce’s Indianapolis plant assembles few of its workhorse T56 aircraft engines in whole, but cranking out spare parts for overhauls is a large business. The last contract modification, issued by the U.S. Air Force in 2007, is worth up to $789 million and is still active.
Read MoreTransportation museum eyes excursion trains to downtown Indy
As efforts drag on to study and fund a commuter rail system using the former Nickel Plate rail line, the group now using the 37-mile corridor to run excursion trains in Hamilton County and to the Indiana State Fair is looking at running its trains farther south—to downtown.
Read MoreWill Biglari use Steak n Shake playbook at Cracker Barrel?
Biglari Holdings began scarfing up Cracker Barrel shares in March and now has amassed a 9.8-percent stake worth $109 million.
Read MoreIndianapolis Museum of Art drops student-run security
The IMA is back to using traditional security guards after IUPUI vetoed its plan to use federally funded work-study students.
Read MoreFuture bleak for Arcadia as cash crunch forces sale of business unit
Indianapolis-based Arcadia Resources Inc.’s auditor issued a “going-concern” warning Tuesday in the once-promising company’s annual report.
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New minority supplier council chief aims to raise agency’s profile
Carolyn Mosby brings a wealth of experience to the Indiana Minority Supplier Development Council, which she hopes to lead to the next level of success.
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EDITORIAL: Lessons to draw from Republic-Frontier deal
Despite some post-acquisition stumbles, the moral of the story should not be that Hoosier executives need to proceed with greater caution.
Read MoreMORRIS: Roadwork as far as the eye can see
It doesn’t matter whether you are in the city, in the county, in the suburbs, or on state or interstate highways. You can’t avoid it. And that has a lot of people complaining.
Read MoreMARCUS: Should we be offended by Times story?
Last month, The New York Times ran a story under the headline “Indiana: The Exception? Yes, but …” The story gave a factual presentation of our state’s economic circumstances, but with an overriding sarcasm that left a bad taste in Hoosier mouths.
Read MoreKENNEDY: A regulatory no-brainer could save lives
Cell phone users in the United States can’t choose to have radio on our phones because, when the ability to download first threatened the music industry’s business model, the carriers thought including broadcast radio would undermine their ability to sell music packages.
Read MoreALTOM: Smartphone makers rarely flip ‘kill switch’
When you bought your new smartphone, did the dealer tell you it had a remote “kill switch” that could summarily wipe out apps you’d downloaded to it? Probably not.
Read MoreHICKS: Founding document holds lessons for today
The Declaration of Independence has some key tenets that bear mentioning in these times.
Read MoreSKARBECK: Getting out of a hole requires digging by all
We live in a fantasy world if everyone thinks we need to cut back on spending unless it affects them.
Read MoreChipping away at our rights
Anita Woudenberg, [in her June 13 Forefront column “Indiana Supremes blew it with police case”] didn’t go far enough.
Read MoreIndy Partnership has lost independence
After reading [Morton Marcus’ June 13] column on regionalism and more specifically adding layers, my mind immediately went to the Indy Partnership.
Read MoreA twisted definition of pro-life
A political movement that sacrificed the contraceptive continuity of low income families does not deserve to be called pro life.
Read MoreIn BriefBack to Top
Analyst: Lilly outlook bleak until 2020
Forget this year’s loss of best-selling-drug Zyprexa’s patent. Eli Lilly and Co. faces the bleakest outlook in the pharma industry the rest of this decade, according to Bernstein Research analyst Tim Anderson.
Read MoreChatham Arch neighborhood builds community park
Chatham Commons, at the northeast corner of East and St. Clair streets, includes walking paths, a pergola, brick benches, plantings and a Tom Otterness sculpture that was part of a public art exhibit here in 2005.
Read MoreIRS purges more than 6,000 Indiana charities from database
The list includes 1,272 organizations in Indianapolis, everything from sports boosters to fraternities to little-known causes.
Read MoreM&I Plaza revamping entry, lands King David and Main Street Deli as tenants
The main entrance is getting a $1 million makeover as the 28-story building prepares to welcome two new restaurant tenants.
Read MoreTwo former Colts join technology startup The Tyros LLC
The Tyros offers an online training system and other web-based tools for hiring and rating sports officials.
Read MoreNFP of NOTE: Central Indiana Land Trust
Through land protection, stewardship and education, the Central Indiana Land Trust Inc. preserves natural areas, improving air and water quality and enhancing life in our communities for present and future generations.
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