Whistle Stop needs tenant
The city is looking for a new tenant for the former Broad Ripple Monon rail station at 901 E. 64th St.
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Articles
Changing sides?
Dr. Catherine Michael, a part-time emergency physician for Indianapolis-based St. Vincent Health, desperately wants Republican John McCain to be the next president. The 39-year-old mother of three gave McCain’s campaign $500 in May because, she said, he will appoint Supreme Court Justices that are antiabortion. Michael, who attends a conservative Presbyterian church, […]
City looking for Whistle Stop tenant
The city is looking for a new tenant for the former Broad Ripple Monon rail station at 901 East…
Offers made for former site of Wells dealership
Several potential buyers submitted bids today for a handful of properties near Meridian and 16th streets that once housed the Payton Wells car dealership. Colliers Turley Martin Tucker Auctioneer Bob Getts confirmed bids were submitted but declined to identify the bidders. He said property owners are reviewing the submitted bids. The auction had originally been […]
Commentary: Turmoil raises questions about toll road
On Aug. 28, the investment bank UBS downgraded its rating on the Australian investment bank, Macquarie Group. UBS noted that Macquarie faced the threat of a declining asset base, which it leverages to fund Macquarie’s dividend payments. UBS also posited that Macquarie may be inadequately capitalized. Macquarie Group should be familiar to Hoosiers as one of the two entities that leased the Indiana Toll Road in April 2006 for 75 years. To lease the toll road, Macquarie invested $385 million…
Linens ‘N Things may be liquidated
Bankrupt specialty retailer Linens ‘N Things said yesterday that it will be auctioned Tuesday, and that an anticipated “stalking horse” bidder is likely to liquidate the company, according to an Associated Press report. Linens ‘N Things earlier said it would close a store in Avon but keep locations in Castleton, Noblesville and the far south […]
UPDATE: Lilly CEO calls deal an ‘important step’
Eli Lilly and Co.’s planned acquisition of ImClone Systems Inc. is its boldest move yet to replace revenue it will lose once patent coverage for its bestseller Zyprexa expires in three years. The Indianapolis-based drugmaker announced this morning it would pay $6.5 billion in cash to acquire New York-based ImClone, a biotech firm that develops […]
BREAKING: Lilly to buy ImClone for $6B
Eli Lilly and Co. this morning announced that it has agreed to buy biotechnology company ImClone Systems Inc. for more than $6 billion, a deal that expands Lilly’s pipeline of cancer treatments. Indianapolis-based Lilly said it will pay $70 per share for New York-based ImClone. “We really do create an oncology powerhouse,” Lilly CEO John Lechleiter said this […]
Pangea Lingua suddenly says adieu: Translation firm had served Indiana’s largest companies
Not long ago, translation firm Pangea Lingua was one of Indianapolis’ womenowned-business success stories. Its founder, Tamra Lewis, was named to IBJ’s “40 Under 40” list in 1999. Over the next few years, lengthy profiles followed in the pages of The Indianapolis Star and on the cover of Indianapolis Woman magazine. Yet suddenly, the company is out of business-apparently in part because other firms were undercutting it on price. Lewis, who’s in her early 40s, did not return calls left…
Daniels still wants more from lottery, through privatizing or bond issue
Republican Gov. Mitch Daniels is building his campaign for re-election in part on another attempt to cash in a jackpot on the Hoosier Lottery. This time, he’s hedging his bet. In case leasing the Hoosier Lottery outright to a private operator is politically impossible, Daniels is exploring a major bond issue backed by its future revenue.
Repairs slated for crumbling 39th Street bridge: Federal funding could draw criticism from watchdogs
Each year, the 30,000 people who ride the Fishers fair train disembark at a depot east of Fall Creek and shuffle 228 feet across the historic 39th Street bridge, which leads to Gate 6 of the Indiana State Fairgrounds. Few likely give much thought to the crumbling condition of the bridge, other than noticing that a large block of stone railing has broken off at the west end. But, below, stones also have fallen off the sides of an arch…
SPORTS: In hiring as in knee surgery, timing is everything
Of this, that and the other: Timing, as they say, is everything. The University of Notre Dame lost its athletic director, Kevin White, to Duke University on June 1 and has been actively engaged in identifying his successor. A couple of weeks later, Indiana University announced its athletic director, Rick Greenspan, would resign but serve in lameduck status until the end of the year. Somewhere in the middle of those circumstances was Indianapolis attorney Jack Swarbrick, a Bloomington native but…
Big NCAA swim event might land in city
The NCAA is considering bringing its men’s and women’s Division I, II and III championships together for one big festival
of swimming, and the IUPUI Natatorium is a leading candidate to be the permanent site of the annual event.Library puts off Ambassador decision
Indianapolis-Marion County Public Library board members couldn’t reach a consensus last night on who should get rights to develop two library-owned properties adjacent to its flagship downtown branch. The library’s Board of Trustees met for more than two hours to discuss plans to redevelop the vacant Ambassador apartment building and property the library owns at […]
Rebirth for Ambassador?
Two local developers have submitted bids to redevelop the Ambassador apartments adjacent to the Central Library. Van Rooy and Buckingham both proposed mixed uses for the Ambassador building, with street-level retail and commercial…
Prized state tourism account ‘big deal’ for Williams Randall
Williams Randall Marketing Communications pulled a surprise victory by snatching the $2.5 million Indiana Office of Tourism
Development advertising account away from incumbent Hirons & Co. and eight other bidders, most of which were larger than Williams
Randall. The two-year contract starts July 1.Phoenix, Houston take aim at Indy
As of noon, the IBJ reporting team (that’s me) has officially touched down in the Buckhead district of Atlanta where the 32 National Football League owners will decide which of three bidding cities will host the 2012 Super Bowl. While…
UPDATE: Lucas brings bowl donations to $25M
A $1 million contribution by Forest Lucas has brought private-sector giving for Indianapolis’ 2012 Super Bowl bid to the $25 million goal. The owner of Lucas Oil Products Inc. spent $122 million for naming rights to Lucas Oil Stadium, which will replace the RCA Dome at the start of the Indianapolis Colts season this fall. […]
Renovated Central Library spawns neighborhood revival
A local developer plans to spend up to $45 million building a “north village of downtown” on several parcels it has assembled
near the Central Library. Buckingham Cos. plans to build apartments, offices, restaurants and retail space-all surrounding
its headquarters in the three-story Stokely-Van Camp building at the southeast corner of Meridian and St. Joseph streets.HAMILTON COUNTY
HAMILTON COUNTY Carmel proceeds with Keystone roundabouts Carmel is taking its love affair with roundabouts to the next level. On March 21, Carmel Mayor Jim Brainard unveiled roundabout reconstruction plans for the 106th and 126th Street interchanges of Keystone Avenue. The State of Indiana relinquished control of part of Keystone to Carmel last September and […]