Indianapolis Business Journal

Menard ousts Hilbert from investment firm

Steve Hilbert has been ousted as CEO of Indianapolis-based MH Private Equity after a bitter battle with John Menard, the hardware store king who financed the $500 million private equity firm.

Botched Miami probe latest controversy to tarnish NCAA

The mountain of ill will piling up against the NCAA and its CEO, Mark Emmert, threatens to derail some of Emmert’s bold initiatives and could topple Emmert himself.

Site swaps could clear the way for $43M Mass Ave project

City officials are working on a deal that could result in a new headquarters and downtown station for the Indianapolis Fire Department, a fresh user for a vacant former car dealership, and long-awaited groundbreaking on a $43 million apartment and retail redevelopment on Mass Ave.

Cops to valets: Park cars, not traffic

Indianapolis police are keeping an eye on downtown valets, whose habit of blocking traffic lanes has prompted complaints. The Indianapolis Metropolitan Police Department issued a stern reminder to all valet operators on Jan. 31, the week after the opening of The Alexander Hotel in CityWay at Delaware and South streets.

Carmel puts 7-acre parcel up for grabs

Carmel is finally ready to redevelop the former Party Time Rental site on Range Line Road, a property in which the city has invested $4 million.

New economic development chiefs plan branding blitz

The state of Indiana will have a new brand, under a campaign the Indiana Economic Development Corp. plans to launch this summer. The campaign is one of a few tweaks that Commerce Secretary Victor Smith and IEDC President Eric Doden are making to Indiana’s job-growth strategy.

Lawsuit over Simon’s bonus may expose board’s mindset

The $120 million retention bonus that Simon Property Group Inc.’s board awarded David Simon two years ago has spawned a bitter legal battle in Delaware that promises to shed fascinating light on the inner workings of the board.

Ice Miller finds utility in Kay Pashos’ executive past

Member of firm’s emerging energy practice was once president of PSI Energy.

Indy hospitals healthy despite sequester

While rural hospitals face sharp reductions in their operating incomes, most of the four major hospital systems based in Indianapolis will see only a marginal impact on their finances.

Kite Realty is makeover artist for tired shopping centers

Having rejuvenated Glendale Town Center and Rivers Edge, Kite is turning its attention to Rangeline Crossing in Carmel.

Besides parking, garage could aid Broad Ripple

Some are hoping the structure will lure more business to the neighborhood.

Fourth-quarter 2012 commercial real estate statistics for Indianapolis

Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates and the local industrial market.

EDITORIAL: City-County Council doesn’t need fixing

As the second half of the legislative session begins to heat up, one of the bills still in play deserves calling out for its blatantly political intent.

MORRIS: After long winter, thinking of parks and how we fund them

I know we had snow last week, but spring is almost here. Daylight saving time is just kicking in. We’ve been cooped up much of this winter, and it feels like it’s way past time to get up, get outside and MOVE! That means we’re about to see more people outside taking advantage of our parks and greenways, something that far too many of us take for granted.

KENNEDY: A matter of perspective

If there is one observation increasingly endorsed by conservatives and liberals alike, it is this: American government isn’t working. Not in Washington, and not in a growing number of states.

PAULEY: Indianapolis is an education epicenter

A few years ago at a dinner in Washington, D.C., with some of the nation’s leading education reformers, one of them asked if I knew about The Mind Trust.

FEIGENBAUM: General Assembly is Senate-centric this term

Cynics might suggest the General Assembly really hasn’t accomplished much since convening in January. While that’s a tad unfair, the session does seem unusual.

HICKS: Economy will get worse before it gets better

The dramatic reintroduction of payroll taxes makes this year’s tax increase most injurious to the working poor and the lower-to-middle-income families.

SKARBECK: Don’t get overly excited about new index records

The frenzy surrounding a new market high tends to raise the blood pressure in investors. It seems to stimulate a feeling that they need to “do something.”

ALTOM: Hire a chief information officer before it’s too late

The position is meant to be more than a glorified tech support desk. It should be the office where infrastructure growth is planned and merged with the company’s overall goals.

Take the federal money

There are good reasons to feel optimistic about the changes taking place as a result of health care reform. More people will have access to insurance through health insurance marketplaces, and many will be able to take advantage of tax credits to afford this new coverage.

Sequestration piece spot-on

While I don’t always agree with [Greg Morris], he was spot on with this [Feb. 25] column. Excellent job on this huge issue for the future of our America.

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Albert Wurster
Noblesville

Truth hasn’t changed

Peter Rusthoven’s [Feb. 18 ] column “‘Relevance’ is irrelevant” could not have been more on point. The world view, as seen through liberal media, is that not just the Roman Catholic Church but Christianity in general needs to “become more relevant to an increasingly secular world.

Tax break, rebate lauded

I have a message for Mr. Madison, Mr. Odle and Ms. Leighty [March 4 Forefront]: If you don’t want your rebate, return it, but let me keep mine.

Indy gets first FM sports/talk station

Emmis Communications bought a low-power station, boosted its signal and is using it to simulcast The Fan, a format found at AM 1070.

Congressman invites Italian gun maker to Indiana

U.S. Rep. Marlin Stutzman is encouraging Beretta to move its U.S. operations from Maryland, which is considering an assault weapons ban.

Honda shuffling management at Greensburg plant

The changeup is part of a transition throughout Honda North America Inc.’s operations.

Allison adds hybrid systems for broader array of trucks and buses

Production of propulsion system for medium- and heavy-duty vehicles will begin later this year.

IPL boosts renewables portfolio with more solar

Farm planned for northeast of Indianapolis Motor Speedway will add to sun/wind capabilities.

NFP of NOTE: Conner Prairie Interactive History Park

Conner Prairie Interactive History Park inspires curiosity and fosters learning about Indiana’s past by providing engaging, individualized and unique experiences.