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Chip Cutter

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Not all feel need for ‘Speed Zone’: Speedway’s $500M redevelopment plan is catching criticism from town’s residents

Speedway may have been built on motorsports, but some residents think a $500 million redevelopment plan that would transform the small town into a year-round racing-themed destination goes too far. The plan, which involves 350 acres south of Indianapolis Motor Speedway, has become the issue in town at a time when a certain race usually dominates conversations. At the cozy Charlie Brown’s Pancake and Steak House on Main Street, patrons mull over the project in-between forkfuls of the diner’s signature…

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Steak n Shake hopes discounts whet appetites: Yet some fear promotions may hurt the brand

In an effort to reverse declining sales at its restaurants, The Steak n Shake Co. plans to roll out a number of new promotions and discounts this summer. During a conference call with analysts May 14, interim President Jeffrey Blade said the Indianapolis-based chain plans to introduce deals such as 99-cent children’s milkshakes and discounted burgers and sandwiches to lure customers back into its stores. The company also is testing $1 kids’ meals, a discounted milkshake “happy hour” from 2…

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McKinneys give $200,000 to environmental group

The Hoosier Environmental Council, through its affiliated foundation, said today that it had received the largest grant in its 25-year history. The McKinney Family Foundation donated $200,000 to support renewable energy, sustainable agriculture and transportation alternatives at the state and local level. The foundation, chaired by former First Indiana Bank CEO Bob McKinney, also said […]

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Home sales slide in April, but inventory shrinks

Indianapolis-area home sales slipped in April, and the average price continued falling. But the inventory of houses on the market shrank, offering hope that the downturn might be slowing. Pending sales of houses in the nine-county Indianapolis area fell 14.1 percent, to 2,520 units, from a year earlier, according to the Indianapolis brokerage F.C. Tucker […]

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