Articles

Indy 500 teams still lack sponsors

For all the touting of higher television ratings, attendance and series Web site visits, there’s one glaring shortcoming that shows the Indy Racing League still has challenges.

Fourteen of the 33 cars that qualified…

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Panera coming downtown

Weber Grill Restaurant could soon get some company. Panera Bread Co. is close to a deal to take the remaining portion of the former Old Navy space in Claypool Court. If landlord Simon…

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IRL signs 5-year Long Beach deal

Indy Racing League officials today confirmed they have finalized a contract to hold a race in a new, important market next year.

The IRL signed a five-year deal with The Grand Prix Association of…

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Anatomy of a Super vote

If you’re wondering how the voting action went behind closed doors for the 2012 Super Bowl site Tuesday in Atlanta, this is what several team owners and executives told IBJ.

Indianapolis, followed by Phoenix, then Houston made separate 15-minute pitches. Only four…

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Kite pitches Pan Am plan

As promised, here is a siteplan from Kite Realty Group Trust that shows its preliminary plan to redevelop Pan Am Plaza. The plan shows seven restaurant, retail or…

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Labor storm could hurt Super Bowl

There’s a dark cloud hovering over Indianapolis’ selection by National Football League owners to host the 2012 Super Bowl.

The roar that raced from Atlanta where the decision was made Tuesday to Indianapolis almost…

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Could Super Bowl lift projects?

News of Indy’s successful bid for the 2012 Super Bowl spread quickly among Hoosiers here in Las Vegas. Already, the selection has become a part of sales…

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Former foe backs Indy’s Super bid

Super Bowl site selections can create odd alliances among the 32 wealthy fellows casting the votes. The man who last year single-handedly dismantled Indianapolis’ bid to host the 2011 game came this year to the Circle City’s defense.

With Indianapolis embroiled…

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Siteplan sleuthing in Las Vegas

Hundreds of developers are circulating thousands of siteplans from more than 2 million square feet of exhibition space at the International Council of Shopping Centers convention in Las Vegas. The pitches include dozens…

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Anti-Indy sentiment persists

There are still plenty of people in NFL circles who think Indianapolis is no place for a Super Bowl. And yes, some of those are among the 32 team owners and other team executives. Indianapolis remains a favorite today to…

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Super Bowl lobbying effort goes OT

Indianapolis won round 1 of the battle to host the 2012 Super Bowl. After a Super Bowl committee meeting this afternoon, it was determined that Indianapolis will present first, followed by Phoenix, then Houston. Indianapolis will give its 15-minute presentation…

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Little things key to Indy 500 win

They say a picture says a thousand words. This one taken today of the 33 Indy Racing League drivers that qualified for the Indianapolis 500 in New York certainly does.

Granted, the drivers were…

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Brownsburg power center planned

Two local developers are pitching retailers on a proposed 700,000-square-foot power center in Brownsburg. The massive project seeks to capitalize on a growing population center and the…

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Fashion Mall expansion shrinks

Simon Property Group continues to pitch upscale retailers on an expansion of the Fashion Mall at Keystone, although the Indianapolis developer has scaled back the project. The plans now call for the addition…

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Phoenix, Houston take aim at Indy

As of noon, the IBJ reporting team (that’s me) has officially touched down in the Buckhead district of Atlanta where the 32 National Football League owners will decide which of three bidding cities will host the 2012 Super Bowl. While…

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Symphony Bank results keep hitting sour notes: CEO hopes to succeed by taking bank ‘to the people’

Symphony Bank’s palatial branch along East 96th Street-outfitted with a copper roof, towering domed ceiling and heated parking lot-was designed to telegraph wealth and stability. But instead, the $5 million Taj Mahal became the most prominent symbol of the bank’s excesses and one reason the startup has lost money every year since its founding in June 2005. The bank, which has no other branches, has torn through two management teams and piled up annual losses of $2 million or more…

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Land banking: Banks grab top sites for branches, often years before they build

Many of central Indiana’s banks are filling their own safe-deposit boxes, but they’re not stuffing them with jewelry, legal documents or blackmail material. They’re banking parcels of land. The sites often are in fast-growing suburbs or redevelopment areas that hold potential for new brickand-mortar bank branches, sometimes several years down the road. Competition can be fierce for the prime sites, and other financial institutions aren’t the only nemesis for banks: Walgreens and CVS also are fighting over the best ground,…

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Metropolis could get Bass Pro

Plainfield’s top retail destination could become a much larger draw if a Florida-based developer gets its way. DeBartolo Development has a preliminary deal to buy Metropolis and hopes to land Bass Pro Shops…

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Indy 500 drivers storming N.Y.

The 33 qualifiers for this year’s Indianapolis 500 will race into New York Monday for all-day media blitz that Indy Racing League officials hope will gain international attention.

It looks like IRL officials have…

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