Former Hilbert mansion draws local interest in auction
Sealed-bid auction attracts a half-dozen bids from interested owners that are “more centrally located than you might think,”
said the listing agent.
Scott Olson
Articles
CIB approves 2011 budget
Including debt obligations, the CIB’s total budget for 2011 is expected to be $104.4 million. The City-County Council is set
to receive the budget at its Sept. 20 meeting and could approve it Oct. 25.
UPDATE: Emmis shares slide after firm says deal in peril
A private-equity firm backing Emmis CEO Jeff Smulyan’s buyout signed off on a compromise, but then changed its mind.
Equity firm withdraws support for revised Emmis deal
A Monday morning announcement from Alden Global Capital puts CEO Jeff Smulyan’s efforts to take Emmis private in real jeopardy.
His attempts to sway preferred shareholders already have failed five times.
Urban farming key to this ‘Taste of Indiana’
First-of-its-kind event in Indianapolis showcases what’s known as the slow food movement, which promotes the benefits of producing
plants, seeds and livestock for local consumption.
CIB’s 2011 budget slated to grow by $10 million
Capital Improvement Board president says initial $10 million payment to the Indiana Pacers is not only reason for the larger
budget. Rather, she insisted it’s largely due to $5 million in renovations slated for Conseco Fieldhouse and other CIB-operated
facilities.
Local racing-fuel supplier expands territory to 26 states
National Biofuels Distribution LLC, a subsidiary of Carmel-based Telamon Corp., signs two distribution contracts to expand
its distribution reach. The company began marketing its ethanol-based racing fuel, Ignite, about a year ago.
Banks still cautious on commercial real estate
Singed by the downturn, banks are winnowing real estate portfolios.
Local government supplier cracks Inc. 500’s top 10
A combination of military service and education has helped Kevin Paul turn Indianapolis-based KPaul Properties LLC into one
of the fastest-growing companies in the nation.
Conrad hotel’s Spa Chakra closes abruptly
Conrad General Manager Greg Tinsley says the hotel plans to reopen the high-end spa by Oct. 1, after receiving
notification Friday that it had closed.
Arts funding maintained in proposed city budget
Funding for city arts programs is expected to remain at $1 million in 2011, even as the mayor’s budget plan calls for cutting
$22
million in local spending. Funding for the parks department also should remain flat, at $21.1 million.
Weekend bike race incorporates Circle into course
Inaugural Indy Criterium using famed landmark in race that organizers hope will become an annual event. The race begins at
9 a.m. on Saturday.
City chooses firm to oversee parking-meter operations
The city has entered into a 50-year lease agreement with Dallas-based Affiliated Computer Services Inc. The
city will receive $35 million upfront and a share of revenue to make sidewalk and street repairs. Parking meter rates are
expected
to double in some areas.
Casino operator Centaur aims to exit bankruptcy much leaner
Centaur plans to sell a casino west of Denver and a stalled casino development near Pittsburgh.
Cancer drug developer Endocyte files for IPO
The company, headquartered at Purdue Research Park, said the number of shares to be offered and their price range have yet
to be determined.
Summit Realty pursues downtown building for HQ
The firm, now based in Chase Tower, wants to acquire and renovate the building at 241 N. Pennsylvania St.
Ivy Tech renews president’s contract
Thomas Snyder is set to lead the nation’s largest singly accredited statewide community college through at least 2014. His
annual salary of $300,000 remains unchanged.
Steak n Shake parent sees profit, revenue rise
Biglari Holdings Inc. said revenue in the quarter rose 9.4 percent over the year-ago period and same-store sales increased by 7.5 percent
Will third time be a charm for Emmis?
Emmis shareholders are set to vote again Friday night on taking the company private, but the proposal could be in jeopardy
if a deal is not reached
soon, says one investment expert.
HR firm FlashPoint severs ties with Barnes & Thornburg
FlashPoint's co-owners purchase remaining shares from law firm to give them sole ownership of the company they founded
in 2002.