Wachovia Bank has begun foreclosure proceedings on one of Premier Properties USA Inc.’s most prized developments, a giant
Ohio lifestyle center anchored by Target and J.C. Penney. The Charlotte, N.C.-based bank also is foreclosing on a vacant former
Wal-Mart store in front of Premier’s Metropolis mall in Plainfield.
UPDATE (March 11): The Chicago Tribune and Street & Smith’s Sports Business Journal are reporting today that officials for Comcast Cable and the Big Ten Network are closing in on an agreement to put the channel on an expanded basic tier. One…
An activist investor in locally based Steak n Shake Co. declared victory this afternoon in a proxy battle for two board seats. The Lion Fund of Texas released a statement after today’s annual meeting saying that “an overwhelming majority” of shareholders supported its effort to turn around the struggling restaurant chain. But Steak n Shake […]
What do you think of the proposed replacement for a one-story, township-owned structure on Mass Ave? (Click for a larger version.) The $9 million plan, proposed by…
Developer Stephen Alexander isn’t fazed by a zoning setback for his $67 million West Merrill Tower. The Metropolitan Development Commission denied his request to vacate an alley…
Champ Car Wednesday filed Chapter 11 bankruptcy, igniting what could potentially be a bidding war for its assets. The Indy Racing League last month agreed to acquire certain assets of Champ Car, but the bankruptcy court could open things up….
Negotiations are heating up between Formula One and Indianapolis Motor Speedway officials that could bring F1 racing back to Indianapolis in 2009. Speedway boss Tony George told an audience at yesterday’s IU Business…
A couple of topics to discuss:
More praise for Trail
In its March newsletter, New York-based Project for Public Spaces named Indianapolis one of five “Great Cities” thanks to the…
Brownsburg-based Roark Custom Titanium Bicycles got a big marketing boost from a man from outer space–figuratively and literally. In its annual buyer’s guide published last month, VeloNews, one of the nation’s largest cycling…
Recently released data shows NASCAR’s Daytona 500 is still miles ahead of the Indianapolis 500 in terms of value the race delivers to sponsors. But, with the unification of the Indy Racing League…
The owners of Delaware News Co., one of the city’s last remaining old-school newsstands, are getting out of the business after more than a dozen years. Phil…
Investors rewarded locally based Finish Line Inc. today for wiggling out of its $1.5-billion acquisition of Genesco Inc., but punished shares of the Tennessee mall retailer. Finish Line traded at $3.75 late this morning, up 92 cents, or 33 percent, on the day. Genesco traded at $24.09, down $5.86, or 20 percent. The plunge shaved […]
Competition to host the 2012 Super Bowl suddenly has become a lot tougher. Last week, officials for the city of New Orleans and New Orleans Saints said they are set to bid for the big game, thrusting the hurricane-battered city…
The state’s economic development leaders have been touting 2007 as a banner year that brought commitments for more than 22,000
new jobs, including positions in manufacturing, logistics and life sciences. But almost 20 percent of the announced jobs would
be in call centers–jobs that typically pay near or below the state’s $35,000 average annual wage.
The city plans to designate part of an office park near 96th Street and Keystone Avenue as an “economic revitalization area” to provide tax abatements for a local company that sells ADT security systems and Dish Network subscriptions. The company, Defender Security Co., has pledged to more than triple its Indiana work force-adding more than 1,100 new jobs-over the next 10 years. The state offered the company up to $6 million in tax credits and $345,000 in training grants to…
Not surprisingly, not everyone is thrilled with former Indiana University and Texas Tech basketball coach Bob Knight joining ESPN’s in-studio crew for its NCAA March Madness coverage. Knight’s move to the media…
Construction won’t begin on the ambitious Penn Centre proposal for at least a few more months, but the project still is a go, said developer J. Greg Allen, who also…
New Line Cinema today is releasing its latest feature film, giving a comedic glimpse of life in the American Basketball Association. Will Ferrell plays Jackie Moon, an ABA player-owner trying to break into…
A throng of media members besieged Indiana Pacers players and front office executives after the team’s practice today at Conseco Fieldhouse, seeking comment about the latest off-court incident involving a Pacers player. This…
Does Gov. Mitch Daniels’ anointing of auto racing industry veteran Rollie Helmling as the state’s motorsports development director–or the unification of the Indy Racing League and Champ Car–create more motorsports business opportunities here? While state officials say yes, others in…
