APRIL 19-25, 2010
This week, find out what the Indiana Pacers would owe Indianapolis if the team's owners decide to move the franchise to another city and see what's next for the newly renamed Indiana Landmarks organization. In Focus, check out Carbon Motors' high-tech police car, which is chock full of bells and whistles--and take a walk around the prototype vehicle through an IBJ video. And in A&E, etc., Style columnist Gabrielle Poshadlo ruminates on designer knock-offs.
Front PageBack to Top
Clarian plans $375M hospital tower at Methodist
Clarian Health is planning to build a bed tower at Methodist Hospital in a massive project that shows renewed
commitment
to the downtown campus. The tower would have 175 to 250 beds and allow Methodist to make all its rooms private.
Biglari’s comparisons to Buffett debated
Sardar Biglari has copied some of the trademarks of his investing idol, Warren Buffett, including a folksy annual letter to
shareholders. But Biglari is just starting his career and already is showing signs of taking a different approach than that
of the Oracle of Omaha.
Can Lilly afford to maintain its dividend?
As shareholders gather April 19 for Eli Lilly and Co.’s annual meeting, more of them than ever will come with an unusual question:
Will Lilly be able to keep paying its dividend?
Top StoriesBack to Top
Pacers would pay big if they moved
Moving the Indiana Pacers from Conseco Fieldhouse to another city would impose serious financial hardship on the franchise,
according to one interpretation of the team’s 10-year-old deal with the city.
Hendricks County scales back hospitality plan
The convention bureau has shelved its plan to attract a full-service hotel and instead will boost spending on tourism marketing.
Read MoreUtilities face conundrum with carbon dioxide emissions
So-called carbon capture and sequestration, or CCS, is seen by some in the utility business as a potential salvation for coal.
But utilities may face a damned-if-you-do, damned-if-you don’t scenario.
Lender suffers own painful loss after homeowner’s death
A home that fetched $1.6 million in 2005 fetched a mere $370,000 when the lender sold it last year.
Read MoreHistoric preservation group poised to expand role
Historic Landmarks' endowment is down sharply, but executives believe they can afford to take on the cultural-events-center
project.
Struggling firms stash away losses to cut future taxes
Conseco expects its write-offs will be worth more than $800 million over the next 20 years.
Read MoreAirport CEO spent $37K on travel in first year
John Clark took trips to Malayasia, England and the Super Bowl during his first year as CEO of the Indianapolis Airport Authority.
Read MoreTomisue Hilbert investigates mother’s death, $15M insurance policy
The wife of Indianapolis businessman Steve Hilbert is working with a team of attorneys to determine whether her deceased mother’s
estate can claim the benefit of a life insurance policy issued by Houston-based American General Life Insurance Co.
FocusBack to Top
Carbon Motors’ prototype cop car is crammed with technology
The specialized vehicle can read license plates, sniff for weapons of mass destruction and see people and animals in
the dark.
Carbon storage presents prickly trade-offs
Not only are utilities grappling with how to pull carbon from their coal-fired emissions, but they also crave certainty about
where to put the carbon. With minimal information available about Indiana’s deep subsurface , much remains to be done to determine
where and at what scale the practice could be deployed here.
Ivy Tech gets $4.7M energy grant to retrain 1,500 workers
Federal money will help create programs at community college and Purdue University to offer skills in smart-grid technologies.
Read MoreOpinionBack to Top
EDITORIAL: Shed more light on Pacers’ plight
It would be a sad day in our civic history if the Indiana Pacers packed up and left for a place with
more financial firepower. But there’s a limit to how far the city should go to keep the team from leaving home.
MAURER: Local diva enlightens opera
Angela Brown has a voice that reaches extraordinary heights from roots that are set deep in Hoosier soil. She is a diva with a heart as big and as soft as her magnificent voice.
Read MoreMARCUS: How much is too much when it comes to compensation?
This month, as you watched the gallant Butler University basketball team uphold the honor of the Hoosier state, did you wonder
about the compensation of college coaches and their future NBA stars?
GIGERICH: Happiness is factor in location choices
State-by-state comparisons ranking residents’ satisfaction levels are gaining traction in economic development circles. While rankings do not drive site-selection decisions, they do play a role.
Read MoreHICKS: Good local governance will support schools
Reorganizing school districts is difficult, but we Hoosiers have done so before.
Read MoreSKARBECK: Finding one last lesson in Grace’s amazing tale
Grace held her investment through many ups and downs in the stock market. But most important to her was that Abbott as a
business continued to thrive, despite the swings in its stock price.
Senator should be strong, not ‘moderate’
So Mickey Maurer is not enthralled with the Republican field for the U.S. Senate. His answer [in his April 5 column] is some
home-grown “big-leaguer” who is a “moderate.” In other words, another Sen. Lugar. Ho-hum indeed!
In BriefBack to Top
Indiana’s number of arts-related businesses declines
Washington, D.C.-based Americans for the Arts says the state had 9,950 arts-related businesses last year, a five-year low
and down 3.9 percent
from 2008.
Franklin College students turn fry grease into fuel
Franklin College freshmen Jimmy Qualters and Drew Royalty took the idea to the college’s “Green Team” and
sought out the used fryer oil in the college cafeteria.
Indianapolis road projects aided by federal stimulus funds
The city’s Department of Public Works plans a record $88 million in transportation improvements, including road, bridge
and sidewalk projects.
Black professionals cope with poor economy
The panel discussion, “Staying Alive and Productive During Economic Hard Times,” will be part of IPA’s annual
networking lunch April 25.
MZD lands tourism account for Hendricks County
Seventeen agencies submitted proposals for the account.
Read MoreStudy: Ditch reform, add public option
In poll after poll, calls for repealing the new health insurance law get strong support. But if the law were repealed, an
Indiana University survey released this week shows that Americans want a surprising thing in its place: a public option.
PROXY CORNER: Duke Realty Corp.
Duke Realty Corp. is a real estate investment trust that develops, manages and owns industrial, office and retail properties.
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