JULY 22-28, 2013
Indianapolis is in the final stages of preparing a bid for the 2018 Super Bowl, but it's not a done deal. Anthony Schoettle picks the brain of bid committee leader Allison Melangton to unpack the factors that could keep the city from entering the hyper-competitive fray. In Behind the News, Greg Andrews explains why investment advice juggernaut Oxford Financial Group was ordered to pay $2.2 million to an unsatisfied client. And in Focus, Chris O'Malley communes with luxury car afficionados in the nine-county area and reveals which communities have the greatest concentrations of Jaguars, Acuras, Teslas and the like.
Front PageBack to Top
City close to launch of 2018 Super Bowl bid
Allison Melangton, CEO of the city’s 2012 Super Bowl Host Committee and leader of the 2018 Super Bowl Bid Committee, is promising to come up with another attention-grabber to deliver the bid early next May—if the city proceeds with a bid as expected.
Read MoreWill residential boom end commercial bust in West Clay?
Residential construction is booming in The Village of West Clay, the already-sprawling Carmel development designed to mimic small-town life at the turn of the (last) century. But not everything has gone according to Brenwick Development’s ambitious plans. Two commercial nodes remain largely undeveloped, and one property owner’s legal woes led to several high-profile vacancies that have yet to be filled.
Read MoreMarian’s med school quest was leap of faith
Marian University, a small Catholic college started by Franciscan nuns, next month will launch just the second medical school in Indiana. Marian President Dan Elsener is credited with pulling off the audacious move with a mix of big dreaming, careful planning, deft networking and “don’t take no for an answer” fundraising.
Read MoreTop StoriesBack to Top
Small-business group absorbed by state was ailing
Gov. Mike Pence in June signed an executive order that folded a tiny northern Indiana not-for-profit called Partners in Contracting Corp. into a new state Office of Small Business and Entrepreneurship. What he didn’t say was that Partners in Contracting was in trouble and likely would have folded operations had the state not stepped in.
Read MoreMighty Oxford Financial loses big case with client
An arbitrator ordered the Carmel financial-advisory firm to pay $2.2 million to Reid Hospital & Health Services of Richmond. The dispute involved a delay in executing trades in 2011 that the hospital alleged cost it $2.5 million.
Read MoreZipp Speed Weaponry ‘at the front of the pack’
Zipp’s position as market leader has only grown stronger since the local company formed in 1988 was acquired in 2007 by Chicago-based SRAM Corp.
Read MoreEmmis sees coupons as next frontier for radio apps
An app that would allow smartphones to receive FM radio signals like a transistor radio has been hailed as a way to help stations recapture listeners who fled to Web-based music streaming services.
Read MoreWellPoint rolls out program with cost ceilings for procedures
Under so-called reference-based benefits, insured patients would have to pay the difference between procedure prices and maximums set by their employers. Several Indiana companies are considering using the tactic.
Read MoreDeveloper F&C’s ‘bold statement’ could finally solve MSA puzzle
City incentives and a strong apartment market suggest Flaherty & Collins’ proposed $81 million, 28-story downtown apartment tower has a better chance of getting built than two previous attempts to redevelop the former site of Market Square Arena.
Read MorePROXY CORNER: The Finish Line Inc.
Indianapolis-based The Finish Line Inc. is a specialty retailer of brand-name athletic and leisure footwear, activewear and accessories. The company operates 652 stores and manages the athletic-shoe inventory in 660 Macy’s stores. It also operates 38 specialty running stores in 11 states and Washington, D.C., under The Running Company banner.
Read MoreFocusBack to Top
Indianapolis luxury car drivers get from point A to point B in style
The working class has Fords and Chevys and Dodges. Many a tooth and velvet Elvis painting has been lost in disputes over which brand is best.
Read MoreOpinionBack to Top
EDITORIAL: Apartment deal is solid decision
There is much to praise in the proposal to redevelop the north half of the former Market Square Arena site, which was officially unveiled July 16.
Read MoreOur recreational offerings are underrated
This is a source of civic pride that we do well on, even though national sources would tell you we lag behind.
Read MoreHENDERSON: My quest for online privacy
More than a year ago, I divorced Google. Why? Its terms of service and privacy policies are objectionable.
Read MoreRUSTHOVEN: A responsibility to ‘censor’ Zinn
Using the headline “Daniels looked to censor opponents,” the Associated Press reported last week that former Gov. Mitch Daniels “pledged to promote academic freedom when he became president of Purdue University in January, but newly released emails show he attempted to eliminate what he considered liberal ‘propaganda’ at Indiana’s public universities while governor.”
Read MoreHicks: ‘Real poverty’ is beating a retreat globally
Over the past 30 years, the number of people in the world living in “real poverty” has dropped from just under 2 billion to fewer than 1.1 billion. This is a drop from roughly 40 percent to 15 percent of the world’s population.
Read MoreKim: Investors should embrace, not fear, easing of stimulus
If you were a Martian who just landed on Earth, you would be hard-pressed to tell from recent alarmist headlines that U.S. stocks had posted their best first half since 1999 and that most economic indicators were also improving.
Read MoreCoal decision will rock Indiana energy prices
The recent announcement of the president’s climate-change plan is a revealing look into the future of our nation and the crippling effect it will have on Indiana.
Read MoreIndiana falling behind on Affordable Care Act
Reading Greg Morris’ [July 15] editorial made me sad for Indiana’s citizens.
Read MoreIn BriefBack to Top
NCAA to stop putting name, logo on video game
The move comes as the NCAA fights a lawsuit that demands the NCAA find a way to cut players in on the billions of dollars earned from live broadcasts, memorabilia sales, video games and in other areas.
Read MoreRegulators suspend broker for not disclosing bankruptcy
FINRA fined Zionsville financial adviser Stephen W. Bracken $5,000 and barred him from affiliating with a member firm for three months.
Read MoreLilly freezes pay for workers, executives
The pay freeze will save $400 million through 2016, said a spokesman for the Indianapolis-based company. Lilly won’t give pay raises to executives, supervisors or most employees. Some bonuses will also be reduced.
Read MoreLongtime Browning Investments leader stepping down as CEO
Michael G. Browning, who has led the Indianapolis-based real estate development firm since 1981, will maintain his role as chairman of the board. Taking his place as president and CEO is a former executive of the firm.
Read MoreOgletree Deakins lands Littler Mendelson leader
Todd Nierman, a local lawyer who helped start the Indianapolis office of national firm Littler Mendelson PC, has jumped ship to competitor Ogletree Deakins Nash Smoak & Stewart PC.
Read MoreFormer 59 news chief tangled in Asiana-pilot name blunder
Lee Rosenthal's California station reported incorrect—and racially insensitive—names of the plane’s flight crew. In a graphic, Rosenthal’s station listed names that actually were crude phonetic jokes.
Read More