The Indianapolis Symphony Orchestra experienced a year of financial and leadership shocks, as it reported a $2.8 million
budget shortfall and abruptly dismissed Music Director Mario Venzago.
The city of Connersville will borrow as much as $3.5 million to clean up the former Visteon site where a startup company
wants to build police cars.
Lilly Endowment will give The Nature Conservancy in Indiana $1 million for its headquarters building, possibly reducing
the need for extensive borrowing.
Short sales and foreclosures in this 2,200-unit development began cropping up several years ago and continue today.
Indianapolis Mayor Greg Ballard’s administration has chosen five local contractors to run 12 municipal golf courses for
the next 10 years, and expects to get $6.3 million in capital improvements out of the deal.
Indianapolis Opera board Chairman Garry Fredericksen says in a recent appeal for donations that the company is in a “battle
for survival.”
David Lawrence, who has been acting president at Arts Council of Indianapolis since July, continues the task of leading an organization that has seen its
funding fall dramatically in the past year.
A group of mayors led by Tom Henry of Fort Wayne and Greg Ballard of Indianapolis is seeking new sources of revenue to replace
the millions they’ll lose because of property tax caps.
Dubbed the “Indiana Experience,” the exhibits represent the first ticketed tourist attraction at the society’s headquarters building.
A Ford Motor Co. subsidiary will start cutting its local work force next year, but won’t close its east-side plant
for good until late 2011.
The recession decimated Indiana’s auto-parts makers, but many other manufacturers in the state survived. After a year
adrift in the recession, they see signs of land ahead.
The Indianapolis Museum of Art is losing endowment revenue at the same time prominent donor Wayne Zink, CEO of Endangered
Species Chocolate, has resigned from the board.
The Indianapolis Civic Theatre could take as long as 20 years to pay the $10 million fee it agreed to as part of a deal to
relocate to the state-of-the-art Regional Performing Arts Center in Carmel.
The fund has helped more than 6,000 households in six counties pay for housing, utilities and food.
Indianapolis Symphony Orchestra CEO Simon Crookall said he’s expecting a smaller but still significant gap of $1.3 million
in the 2010 budget year.
The Indianapolis Art Center laid off its full-time curator and cut one other position this month in an effort to pay down
short-term credit and deal with reduced income from its classes.
The $7.8 million medical office building in McCordsville will allow the hospital to tap patients with private insurance.
Greg Lucas will be the second fine art gallery owner in Indianapolis to close shop this year. Lucas announced Tuesday that
he will close his gallery at 884 Massachusetts Ave. by year’s end.
The Town of Bargersville won a legal dispute Monday that will allow it to annex 739 parcels within three miles of Greenwood’s
city limits and become the exclusive sewer-service provider in the area.
Making money in earphones will require higher sales volumes, but Klipsch CEO Fred Klipsch thinks there are plenty more consumers
left for his company to tap.
