NCAA, NBA unveils youth hoops pact
The NCAA and National Basketball Association announced today from the site of this year’s Final Four in San Antonio that they are going in business together.
As reported in the March 17 Indianapolis Business…
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Kite eyes retail, hotel for Pan Am
A local developer hopes to add restaurants and retail space and possibly more to Pan Am Plaza to capitalize on a growing convention center and the new Lucas Oil Stadium. Kite…
IRL innovation a life saver
NASCAR rookie Michael McDowell owes Indy Racing League leaders—and especially Tony George—a measure of gratitude.
If not for research funded by the IRL and George, and led by the University of Nebraska, McDowell, 23,…
Exclusive: new at W.R. State Park
IBJ reporter Jennifer Whitson offers this interesting piece of news.
Look for an announcement, likely next week, from White River State Park about a new summer series featuring local performing arts groups with shows geared toward family audiences.
The free offerings will…
Kite, partner buy Pan American Plaza
Pan American Plaza and two adjacent ice skating rinks have been sold by Indiana Sports Corp. to a joint venture of locally based Kite Realty Group Trust and Sacramento, Calif.-based Coastal Partners LLC. Terms were not disclosed. Sports Corp. President Susan Williams said the not-for-profit sold the property because its proximity to the soon-to-be-expanded Indiana […]
Old National fires Indianapolis lender
Evansville-based Old National Bancorp said this morning that it has fired a loan officer operating from an Indianapolis office after an internal investigation revealed that the banker falsified loan documents. Bank CEO Bob Jones said a routine internal review in the middle of the first quarter discovered a loan document that had been forged by […]
Genesco to distribute Finish Line stock
Genesco Inc. won’t be a major Finish Line Inc. stockholder for long. Tennessee-based Genesco received a 12-percent stake in Indianapolis-based Finish Line under a settlement the two companies negotiated last month. The pact canceled the agreement Finish Line struck in June 2007 to buy Genesco for $1.5 billion. Regulatory filings show the settlement requires that […]
IRT plans $3M renovation
The Indiana Repertory Theatre has won a $3-million grant from the Lilly Endowment to fund renovations of the Indiana Theatre building at 140 W. Washington St. IRT plans to…
IDEM under fire from environmentalists
Environmentalists are accusing the Indiana Department of Environmental Management of putting economic development above its core mission of protecting human health and the environment, reports the Post-Tribune of Merrillville. In particular, environmentalists say, the agency is playing soft with petroleum giant BP and steelmaker U.S. Steel. “They make it clear they see it as their […]
You-review-it Monday 4/7
Did you get to the final performances of Roundabout Theatre’s outstanding “Twelve Angry Men?” Catch Michael Cavanaugh with the ISO? Patrick Ball (and harp) with Storytelling Arts?
Were you part of the mob at the Indianapolis Museum of Art’s Project Runway…
Blockbuster deals drive interest in Anson: Developers seeking Target, theater, home builder
Executives at locally based Duke Realty Corp. fielded questions for years about what was taking so long with Anson, a $1.4 billion residential, retail and industrial development along Interstate 65 in Whitestown. Not anymore. A string of blockbuster new tenants including MedcoHealth Solutions Inc. and Amazon.comInc. have fired up interest in the 1,700-acre project, particularly its industrial component known as Allpoints at Anson. Together, the companies plan to invest more than $175 million-Medco is building an automated pharmacy and Amazon…
Area air quality given mixed reviews
Helped by a combination of plant closures and better emission controls, industrial air pollution in the nine-county region
has fallen 14 percent since the economic boom of the late 1990s, a federal database shows. But even with the reductions, the
metro area will struggle to comply with reduced ground-level ozone limits announced by the U.S. Environmental Protection Agency
March 12.
Tampa Super Bowl looks to local firm for software: High-profile client could help Simply Hospitality
Event-planning software developed by a local firm has been the backbone of volunteer efforts for the Men’s Final Four, the Indianapolis 500 Festival and the USA Track & Field Championships. Now it will add a Super Bowl to its resume. The Tampa Bay Super Bowl Host Committee, which is staging the 2009 NFL championship, will use Indianapolisbased Simply Hospitality’s TRS software to recruit and coordinate the 6,000 volunteers it expects to use for the big game. Officials looked at eight…
INVESTING: Buffett’s letter squeezes firms that ‘juice’ earnings
Berkshire Hathaway Inc. released Warren Buffett’s annual letter to shareholders recently. As always, Buffett provided a detailed update of the many businesses and investment positions the company owns. And Buffett added some entertaining commentary on a few topics that are relevant to investors. Under the heading “Fanciful Figures-How Public Companies Juice Earnings,” he comments on two corporate accounting problems: one finally solved, and one that continues to obscure earnings reports. The first accounting injustice was about to be corrected in…
SURF THIS: Mailbox greening: a site to cut catalog clutter
I don’t recycle. There it is. I’ve said it-gotten it off my chest in hope that I might be able to go forward with the rest of my life knowing that my secret shame is now public knowledge. A little like the new governor of New York, I’ve cleansed my sins in a font of public awareness. (Or something like that.) The truth is, I’m not very “green.” I don’t return the milk bottles. I absolutely love paper towels. We…
Premier Properties lays off workers as lawsuits, debt pile up
Premier Properties USA Inc. has eliminated about half its headquarters staff–more than 40 employees–as banks seize several
of its properties and CEO Christopher P. White faces a barrage of new lawsuits alleging unpaid bills, defaulted loans, illegally
redirected rent payments and check fraud.
Charter schools face long wait for county funding: State, local money based on outdated mechanism
The property tax reform plan recently signed into law by Gov. Mitch Daniels is expected to provide relief-eventually-for most homeowners. Unfortunately, the tax crisis wasn’t fixed fast enough for charter schools. Because property taxes haven’t been calculated yet this year, schools didn’t get funding advances from Marion County, something 15 of the county’s 21 charter schools needed last year. At least one school-Irvington Community Academy-has received help from the Greater Educational Opportunities Foundation in getting an emergency bridge loan of…
Taking a 2-pronged approach: Indiana State Museum pushes for bigger internal and traveling shows
The Indiana State Museum is putting more emphasis on developing its own attractions, while still landing some high-profile visiting exhibits-all in an effort to keep visitors coming through the doors. This balancing act between highlighting its internal collection and hosting popular traveling exhibits can be seen through two current shows. One, “Footprints: Balancing Nature’s Diversity,” is already on display and features hundreds of specimens of taxidermied Indiana wildlife and fossils from the museum’s collection. The other, “Radical Lace & Subversive…
Commentary: Israel through the eyes of a visitor
My wife, Janie, and I made some new friends on our recent trip to Israel, including Moira Carlstedt, president of the Indianapolis Neighborhood Housing Partnership. I happily cede my space this week for her observations of the trip. It is like any hospital room in Indianapolis-except you can see the Lebanese border from the window, and you stand amid damage from a Hezbollah rocket that tore through that window. And then you understand the need for the underground hospital that…
Colts, God license plates slice into sales of charity tags
Sales of specialty license plates benefiting colleges, not-for-profits and other Indiana organizations fell by nearly a third
last year after the state unveiled “In God We Trust” tags as a free alternative to the lime-green pastoral fields plates reviled
by many motorists.