Articles

Open-wheel deal raises questions

The Indy Racing League series will hold a press conference tomorrow to announce its unification with Champ Car, sources close to the series said. John Griffin, Indy Racing League vice president of public relations, said though the exact timing of…

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Irsay remains key to Super Bowl bid

While Mayor Greg Ballard and his team plan to announce today their intent to bid for the 2012 Super Bowl, sources within the league said Indianapolis Colts’ owner Jim Irsay will be the determining factor.

“They could be the Emerald City,…

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A positive spin for IRL defections?

With its season opener six weeks away, the Indy Racing League is getting some preseason exposure from an unlikely source. During the run-up to NASCAR’s biggest race, the Daytona 500, the spotlight shined on two IRL alums vying for the…

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Preston’s Rocks no more

Wondering what happened to all those Preston’s Rocks commercials and billboards? After three years in business, local jeweler Reis-Nichols has given up on the spinoff, all-diamond concept. The store, in…

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Does IU already have a short list?

Indiana University President Michael McRobbie announced Feb. 15 that the university will launch an immediate investigation into new NCAA allegations against men’s basketball coach Kelvin Sampson.

Athletics Director Rick Greenspan will oversee an assessment as to whether allegations of potentially “major”…

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Former Colt behind condo project

The developers of a new condo project just east of I-65/70 are hoping to capitalize on stunning skyline views and an upcoming reconfiguration of the Ohio Street Interstate ramp. The project, dubbed CityView,…

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Manning vs. Manning II

Less than two weeks after Super Bowl XLII, N.Y. Giants quarterback Eli Manning is already picking up ground on older brother Peyton, Indianapolis Colts QB, at least in terms of jersey sales.

Merchandise sales is a big revenue line for the…

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Lockerbie mansion ‘off the hook’

Locally based Sparks Restorations has spent more than $1.5 million to buy and renovate an Italianate mansion in Lockerbie that was built in 1876. The mansion is now two giant…

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Big Ten tourney interest rising?

Thirty six hours ago, it looked like the Big Ten tournament at Conseco Fieldhouse March 13-16 would be an attendance blockbuster. Indianapolis has had difficulty matching the tournament’s crowds at Chicago’s United Center, but this figured to be the year…

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Burton’s prime time smack down

Rep. Dan Burton, R-Ind., was front and center yesterday at the hearings on steroids in baseball. Burton appeared to side with pitcher Roger Clemens, while repeatedly attacking Clemens’ former trainer Brian McNamee.

McNamee has said he injected Clemens on numerous occasions…

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Tiny town getting huge project

Locally based Mann Properties and Illinois-based Opus North are putting together plans for 1.5 million square feet of industrial and office space along Interstate 69 in Madison County. The 140-acre development, in…

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IU phone flap packs financial sting

With the revelation that the NCAA discovered more possible wrongdoings by Indiana University basketball coach Kelvin Sampson than the school reported in October, the embattled coach and his boss, athletic director Rick Greenspan, could become marketing liabilities for the school…

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Danica races into SI swimsuit issue

You can’t say Indy Racing League driver Danica Patrick doesn’t make a splash. Patrick can be found gracing the pages of Sports Illustrated’s annual swimsuit issue, which hits…

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Trustee eyes $9M development

Plans are taking shape for a $9-million, four-story building that would replace a one-story, township-owned structure at 875 Mass Ave. Center Township Trustee Carl Drummer plans to lease the property to Riley Area…

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Smart strategy or spinning wheels?

While the lights for an Indy Racing League-Champ Car merger appear to be turning green, smoke is apparently pouring from Champ Car’s balance sheet. Two well placed sources confirmed Champ Car will likely file bankruptcy, possibly as early as today.

Champ…

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Four score and a canal conundrum

A community group is calling on state and local government officials to preserve a one-acre lot along the Central Canal as Lincoln Park in honor of the former president. The narrow strip…

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Batter up: Indians score big profit

While it’s still frigid outside, it will be heating up inside the corporate offices at Victory Field today, where the Indianapolis Indians will conduct the franchise’s annual shareholders meeting at 3 p.m. It’s difficult to say how the team will…

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Stung by subprime mess, investors head to court: Local litigation targets Morgan Keegan & Co.

Angry investors in Indiana and across the country are going to court to recover some of the billions of dollars they’ve lost on investments connected to subprime mortgages. Mortgage-backed investments have appeared on the balance sheets of companies and organizations large and small. And observers say write-downs totaling $100 billion at firms like Merrill Lynch, UBS and Bear Stearns are just the beginning. Various law enforcement agencies, including the FBI, are investigating whether investors were misled. “This crisis will affect…

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A smorgasbord of topics

Workers are installing Flagstar Bank signs on the One North Penn building this week, including a sign atop the 13-story building. What do you think of the sign and…

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Open-wheel unity talks rolling again

Sources close to the Indy Racing League and Champ Car say both sides have agreed on terms for a merger that will take place this year.

Indy Racing League boss Tony George is set to help any Champ Car teams that…

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