CIB finances faring better than expected
The Capital Improvement Board, through the first nine months of the year, was running $12.3 million ahead of budget, by posting $6.5 million more revenue than planned while cutting $5.8 million in expenses.
Scott Olson
Articles
Steak n Shake’s annual profit sizzles
The Indianapolis-based restaurant chain grew pretax profit in fiscal 2010 to $37.7 million, a 331-percent increase compared with the previous fiscal year.
Printer suing Indianapolis Woman publisher for $271K
Mignone Communications claims Weiss Communications, which publishes Indianapolis Woman, owes it $271,196 for printing costs dating to November 2007.
Lender seeking to foreclose on northwest-side hotel
Colfin NW Funding LLC claims in a court filing that it is owed $6.4 million by the borrower that operates the Courtyard By Marriott Hotel Northwest under Indianapolis-based Schahet Hotels Inc.
Accounting change could have huge impact on real estate leasing
Proposal requires companies to book leases as assets, and stands to shift the momentum to purchases.
Lucas Oil banner promoting Super Bowl coming down
Sprawling sign draped on the south side of the stadium is causing structural damage to the windows from which it hangs.
Cosmopolitan apartment fire prompts lawsuit
The insurer for Indiana Landmarks is suing developer Flaherty & Collins, claiming negligence in a blaze that partially destroyed the apartment project and damaged the not-for-profit’s adjacent headquarters.
Bill would provide oversight for key state appointments
Rep. Ed DeLaney, D-Indianapolis, wants to give lawmakers a voice in key state appointments made by the governor following an ethics scandal that led to the firing of the chairman of the Indiana Utility Regulatory Commission.
Local firm set to launch two more mutual funds
Founded in 2005, The Archer Funds will now have three mutual funds to offer clients. It is among just a handful of locally based firms that markets its own mutual funds.
City Market tenant agrees to move to alternate space
Under a settlement, the Indianapolis City Market dropped its attempts to evict the Grecian Garden after the restaurant said it would relocate to accommodate a renovation.
Tabbert Hahn lawyers joining Bose McKinney
Bose McKinney will take nine lawyers, including name partners Gregory Hahn and Robert Weddle, from smaller law firm that will dissolve near the end of the year.
World Bank chief: U.S. still good place to invest
Robert Zoellick, who was set to address the Economic Club of Indiana on Friday, doubts the United States’ debt problems will become as severe as the crisis in Europe and said the U.S. is still a good investment for foreign countries.
UPDATE: City Market has tentative deal with longtime tenant
City Market operators have reached a tentative deal to settle a dispute with Grecian Garden’s owners after alleging the eatery was late on its rent payments for several months. Details of the agreement were not disclosed.
North of South financing clears first hurdle
The Metropolitan Development Commission has approved an $86 million city loan to help fund the $155 million mixed-used development near the downtown campus of Eli Lilly and Co. The project still needs approval from the City-County Council.
WTHR winner during November sweeps period
Channel 13 received a huge ratings boost at 11 p.m., enabling it to surpass WISH-TV Channel 8 as the most-watched newscast during that time. WTHR’s newscast retained its lead in several other time slots, although audience numbers dipped, enabling competitors to close the gap.
Storage-unit auctions not so ‘strange’ anymore
Cable television shows have helped drive the popularity of storage-facility auctions, and an Indianapolis man who conducts the sales is witnessing the trend firsthand.
Foreclosure washes away water park plans in Fishers
Developer Puller Group has agreed to relinquish a high-profile property approved for a massive water park and retail project to lender Fifth Third Bank following a months-long legal battle over an $8.6 million loan.
Med school students share their stories
Five students at Indiana University School of Medicine contemplate whether to opt for family practice or a specialty.
Indiana medical students opt for specialties, not family practice
Interest in primary care has fallen off markedly due partly to relatively low pay.
Duke Energy exploring other uses for electric-vehicle batteries
The utility, which has about 780,000 customers in Indiana, is teaming with Japanese firm Itochu Corp. to test applications for used electric vehicle batteries. The pilot project builds on Indiana’s clean-tech initiative, Energy Systems Network.