JULY 28-AUG. 3, 2014
Budget hawks in Carmel want the city to be more prudent in cutting deals with developers. Andrea Davis explains how money will get tighter in coming years. Also in this week's issue, Scott Olson reveals plans for a five-story office building in Broad Ripple, just as the furor over another neighborhood-topping structure dies down. And in A&E Etc., Lou Harry reviews Fletcher Place newcomer Chilly Water Brewing Co.
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Carmel budget hawks want harder line on deals with developers
The Carmel Redevelopment Commission’s 2014 revenue is estimated to exceed expenses by less than $100,000—a narrow margin for an agency with annual debt payments totaling $17.5 million.
Read MoreIndiana Limestone Co. digs out of deep hole
In February, Indiana Limestone Co. filed for bankruptcy. But two months later, Chicago-based Wynnchurch Capital Ltd. bought the quarry company out of bankruptcy. ILC is now digging out and looking at a brighter horizon.
Read MoreMed school plots researcher hiring spree
The Indiana University School of Medicine plans to hire 100 research professors over the next five years in a bid to vault into the top 25 medical schools.
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Bar owner alleges racism in lease dispute
The owner of a nightclub in the heart of Broad Ripple believes his landlords nearly doubled his rent for just one reason: to force him and his mostly African-American clientele from the building.
Read MoreHomegrown Krazy Klothes defies overseas-made clothing trend
Owner Dan Murphy’s more-than-two-decades-old, Indianapolis-based company is something of an anachronism—a small-scale domestic clothing manufacturer doing business in a field dominated by Asian-based titans.
Read MoreState eases into rollout of software in tax fix
The Indiana Department of Revenue is five to seven years from replacing the 1990s software that processes the bulk of the state’s tax dollars and that auditors cited in the wake of massive accounting errors.
Read MoreDeveloper pitches 5-story office building for Broad Ripple
A local developer plans to build a five-story office building on the site of a closed American Legion post in Broad Ripple.
Read MoreFeds scrutinize Indiana for Medicaid backlog
More than 80,000 Hoosiers had their applications for the Medicaid health benefits stuck in a backlog in May, prompting the federal government to launch a special review next week.
Read MoreInteractive Intelligence set to break ground on $12.5M building
The 119,000-square-foot structure will be built next to the software developer’s headquarters on the northwest side as part of its growth plans to add 430 employees within the next few years.
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Tech entrepreneur launches Indy Visitors Channel
Folksy chief cements deals with handshakes, promotes tourism spots with video network in hotels.
Read MoreIndiana tourism group sharpens mission
New director changes organization’s name, launches initiatives catering to businesses.
Read MoreBOHLER SMITH: Forsaken vacation hits business two ways
There is truth in the old adage that all work and no play makes Jack a dull boy, but it also makes Jack unhappier, less healthy and not as effective of an employee.
Read MorePENNY: Collegiate reform could hurt Olympic teams
Changes in governance might risk pipeline of athletes in sports that generate little income.
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MORRIS: Another call for an appointed schools chief
The governor, no matter his or her politics, should name the state’s top education official.
Read MoreBAGGOTT: Startup investing for the little person
As many people know, ExactTarget started in a small room in Greenfield back in 2000 and grew into a global company with thousands of employees, an initial public offering and a $2.7 billion buyout by Salesforce.com.
Read MoreKENNEDY: Buggy whips, rotary phones and coal
he history of business success has been the history of innovation—the triumph of visionary entrepreneurs who saw where the wind was blowing and left their more stubbornly traditional compatriots in the dust.
Read MoreHicks: Don’t confuse inflation with supply and demand
Almost nothing in economics seems to confuse people as much as monetary inflation. That confusion leaves an intellectual void into which some of the least credible ideas of the modern world crawl.
Read MoreSkarbeck: Bucking common jitters rewards stock investors
When it comes to investing, some deep thinking can provide perspective on your finances. A reflective investor will find himself challenging some of the accepted beliefs held dear by the investment industry.
Read MoreLocal WFYI programs largely free of bias
Because I have served as chief programming officer for both WIBC-AM radio and later WFYI-FM public radio, the argument over a biased point of view of programming [Kalscheur letter July 21] is a great interest.
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Sierra Club wants Indianapolis coal plant closed
The Sierra Club is pressing Indianapolis' local utility to retire an aging coal-fired power plant that's slated to continue burning coal for at least two more decades.
Read MoreOnline insurance brokerage sets sights on Indiana
Obamacare could, according to some health insurance experts, cause most small businesses to end their group health plans. Now a new venture-backed company opening up shop in Indiana is trying to make that prediction a reality.
Read MoreWell-known east-side Mexican eatery closes
El Sol de Tala, a staple on East Washington Street for several decades, shut its doors earlier this month amid a court dispute between the restaurant's owner and his landlord.
Read MoreUPDATE: Lowe’s to invest $20.5M in customer-service center
The home-improvement retail titan plans to begin hiring immediately for the center on the northeast side, pledging to employ as many as 1,000 workers making wages of $10 to $14 per hour.
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