IBJ reported Jan. 21 that USA Diving, USA Gymnastics, USA Track & Field and U.S. Synchronized Swimming were considering relocating to the Disciples of Christ building on East Washington Street. None of the officials for those sports-sanctioning bodies would confirm…
Arizona residents’ willingness to pay higher taxes may have a strong impact on Indianapolis’ effort to land the 2012 Super Bowl. Funding from Arizona’s corporate community paid for 80 percent of the host city’s Super Bowl bill this year. But…
Not all news is bad for retail. A few stores are planning their first Indianapolis locations, while others are expanding. By popular demand, here’s the Around Town Retail Roundup:
Zumiez, an action-sports retailer, has…
Indianapolis-based CountryMark Cooperative is suing its investment adviser, Morgan Keegan & Co., for directing the farmer-owned co-op toward a $10 million investment in mortgage-backed securities, including subprime. CountryMark purchased the note on Aug. 10, 2007. Seven days later, ratings agencies downgraded the A+-rated investment to junk status and it remains in default. CountryMark is suing Memphis-based […]
Value City will have two remaining Indianapolis locations, at 6002 E. 38th St. and 5110 Pike Plaza Rd.
Two recent revelations left open-wheel racing fans and sponsors wondering if the unification of the Indy Racing League and Champ Car is finally at hand. What is less clear is if unification of North America’s two largest open-wheel racing circuits…
Seen one of these signs? There are plenty around town. Here are a few notable projects slated for Metropolitan Development Commission hearings: Locally based Herman & Kittle Properties Inc. is proposing…
Bob Knight leaves a tsunami-like wake wherever he goes. Even in retirement, the waves from his larger-than-life persona are being felt from Lubbock to Bloomington and beyond. The business impact of Knight’s retirement looms large locally. There are numerous central…
The Hoosier Veterans Assistance Foundation is renovating a two-story building near the Central Library to serve as its new headquarters. The not-for-profit group, which now is located at the former…
Author and former IUPUI dean Mark Rosentraub is writing another book.
This one, titled “Major League Winners,” focuses on the five U.S. cities he thinks have most successfully used sports as an economic…
Is green development finally catching on in Indianapolis? The four owners of Casa Verde LLC certainly hope so. The company has plans for a $14-million, LEED-certified condo project in Columbus. In Indianapolis,…
The day after the New York Giants’ improbable Super Bowl XLII triumph, sports marketers are already lining up to talk with the game’s MVP, Eli Manning. And there’s speculation that Manning’s sudden success will have a profound effect on older…
Market observers rank today’s credit crisis on par with some of the ugliest moments in U.S. banking history. News service
Bloomberg predicted fourth-quarter lending losses could make it “the worst earnings period for the financial industry since
the Great Depression.” Yet amid the carnage, financial institutions are sniffing around for opportunities.
Expensive suits and luxury cars are standard issue for most developers, but not for the owners of locally based Casa Verde
LLC. Three of four owners sport beards. They build only Leadership in Energy and Environmental Design, or LEED, certified
projects. But don’t let the hippie image mask the company’s mission: Make green by building green.
The deal to sell O’Reilly Raceway Park in Clermont is dead, and racing insiders said the opportunity to raise the local facility’s profile even higher might have died with it. Some within the racing community felt the suitor, a Santa…
Banking on the regional draw of outdoor retail giant Cabela’s, developers have been planning more than 100 acres of hotels, a water park, restaurants and other retail space for the southwest corner of…
The good news for Indiana and Purdue basketball fans is that there are a slew of games scheduled to be aired on a channel Indiana cable television operators actually carry.
The bad news is the Big Ten Network and Comcast Cable…
Two donors recently came forward to support the $82 million renovation of Purdue University’s Mackey Arena.
Tom Spurgeon, a 1961 alumnus and current Purdue trustee, has contributed $3 million toward the project. The gymnasium in the student-athlete academic center will be…
Indianapolis developer Axia Urban LLP is putting the finishing touches on Penn Townhouses, a part of its Meridian at 21 development north of downtown. From the outside,…
There’s been a lot of feedback regarding the article about the Indiana Pacers’ attendance problem that appeared in this week’s IBJ. A growing number of readers say they won’t be going to Pacers games anytime soon—even if the team starts…
