Roundup: Bowling alley closing
Sport Bowl calling it quitsThe owners of Sport Bowl, a south-side institution for 67 years, plan to close in about a week. The 32-lane bowling alley has struggled since locally based Royal Pin…
Cory Schouten
Articles
Pathfinder banquet features Kellog
Clark Kellogg will serve as the master of ceremonies for the 2008 Pathfinder Awards Banquet June 29 at Conseco Fieldhouse. The Pathfinder Awards are presented annually to individuals for their contributions and dedication…
Sponsors pump up Danica-mania
Sponsors of Danica Patrick, who became the first woman to win a major open-wheel race with her Indy Racing League victory in Japan Saturday, have been quick to capitalize on the exposure.
AirTran Airlines quickly put huge photos of Patrick on…
Danica victory puts IRL in high gear
Danica Patrick’s life is getting faster by the second. She’s not the only one moving at warp speed, as merchandisers and Indy Racing League officials hustle to capitalize on her historic victory Saturday…
Texas investor enlists former Steak n Shake exec in quest to revive chain
Two executives with longtime ties to The Steak n Shake Co. have joined a dissident Texas investor in his quest to overhaul
the Indianapolis-based restaurant chain. Shareholders who have agreed to work with Sardar Biglari include a former board member
the company once described as a “modern-day founder” of the restaurant chain, along with a former partner in Kelley & Partners
Ltd., the investment firm led by company patriarch E.W. Kelley before his 2003 death.
Market Tower owners put it up for bid despite tough market
The owners of Market Tower–the city’s fourth-tallest skyscraper–tried to sell the 31-story building this month but apparently
were unable to generate bids that met expectations. The timing of the sale–at a point when financing large deals is difficult–suggests
the owners may be eager to unload the asset.
Long Beach is key IRL market
Despite the upheaval surrounding the 2008 Long Beach Grand Prix, it is still quite a draw in this normally quite California town. That’s good news for Indy Racing League officials, who have their eyes on this historically strong open-wheel racing…
CVS to replace downtown IHOP
CVS has filed plans to build a new store where an IHOP now stands at the corner of 16th and Meridian streets. The new pharmacy would replace the iconic…
Paramount Tower getting redesign
A development team is redesigning plans for a 16-story student-housing tower it hopes to build on a 2.3-acre site a few blocks east of the Central Canal. The developers,…
Crean makes controversial hire
Indiana University basketball coach Tom Crean today hired an assistant with deep ties to former coach Kelvin Sampson. Over the next week, you can bet the school’s trustees along with Crean and IU President Michael McRobbie will be asked about…
IRL gains speed in cyber space
The Indy Racing League appears to be hitting on all cylinders. Through the first two races this year, the IRL, which recently unified with Champ Car, is seeing gains in attendance and television ratings. Now, IRL officials are reporting significant gains…
Indiana University basketball coach Tom Crean made the hire today that several school trustees dreaded. Over the next week, you can bet those trustees along with Crean and IU President Michael McRobbie will be asked about the hire of Bennie Seltzer…
What’s next for Pacers?
An announcement today that Indiana Pacers co-owner Herb Simon will become CEO and Jim Morris will be elevated to president has many sports marketers applauding, but at the same time asking “What’s next?”
Several key questions persist. First, how much steam…
The year flew by
Property Lines turns one this week. We’ve reached 300 posts and more than 5,500 comments thanks to the participation and support of a loyal group of readers. Thank you.To mark the occasion, let’s…
Pacers give tickets away, set future
The Indiana Pacers are in a giving mood for tonight’s Fan Appreciation Night. The team is advertising that all lower level tickets will sell for $30, club level tickets for $20 and upper…
Pacers pipeline could be Knicks fix
Donnie Walsh is tapping into his old Indiana Pacers contacts to fill key vacancies for the New York Knicks. Since becoming president of the Knicks last month, Pacers scout Jimmy Powell and Brian…
Browning planning mixed-use project in Carmel
Locally based Browning Investments plans to develop a 20-acre mix of hotels, office buildings, a medical center and retail space on a vacant former church property along North Meridian Street in Carmel. Browning hopes to break ground this summer on the $10-million project, which will include a hotel built by Dora Brothers Hospitality Corp. The […]
Developer plans Carmel project
Locally based Browning Investments plans to develop a 20-acre mix of hotels, office buildings, a medical center and retail space on a vacant former church property along…
Speculation heats up about Gordon
Now that Indiana University freshman Eric Gordon has announced his decision to enter the National Basketball Association draft, speculation about the 19-year-old’s future is running rampant.
Draft analysts predict Gordon will be chosen anywhere…
Staying earns Steak n Shake state, city rewards
Local governments plan to throw Steak n Shake Co. a life raft of incentives worth about $275,000 to help the struggling chain
keep its headquarters in Indianapolis. The company has quietly agreed to retain about 180 employees here in exchange for a
$200,000 state training grant and a five-year personal property tax abatement worth about $75,000.