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Orchestra lays off eight as donations, ticket sales drop

The Indianapolis Symphony Orchestra will look to volunteers to help cover the work done by eight people who were laid off last week in a move to trim $600,000, or 2 percent, from the $29.5 million annual budget.

Logistics firm grows

MD Logistics has completed a coldstorage facility for pharmaceutical products in its hometown of Plainfield.

CORRECTIONS

CORRECTIONS ¦ Indiana Pacers President Jim Morris said the team has lost money nine of its 10 seasons in Conseco Fieldhouse. A front-page story last week incorrectly attributed to Morris a broader statement about the Pacers’ fi nancial woes. ¦ The Not-for-Profit of Note last week should not have listed Jerry Semler, Randall T. Shepard […]

You-review-it Monday

For me, the weekend included the tour of “Movin’ Out” at the Murat, “Crime and Punishment” at the IRT (more on this outstanding production in next week’s print IBJ), and Michael Feinstein with the Indianapolis Symphony (see previous blog post).

Did…

State thinking clean-WEB ONLY

The Central Indiana Corporate Partnership-the parent of the BioCrossroads, TechPoint and Conexus industry cluster initiatives-let it be known last month that there would be a fourth leg to its economic development stool: clean technology. The new initiative is known to insiders as the Indiana Energy Systems Network and has been under the reins of Paul […]

Small foundations feeling pressure-WEB ONLY

Michael Swolsky probably will never again respond to a workplace food drive the way most of us do. The retired sales executive decided he needed to do more this past holiday season, when the Stutz Business Center, where he has his metal-working studio, became a collection point for Gleaners Food Bank. As co-manager of a […]

Mall backers may take hit-WEB ONLY

A group of mostly local companies that made big investments to help launch Circle Centre mall soon could be asked to write off a portion of profits they agreed to redirect into the construction of Conseco Fieldhouse. The Capital Improvement Board has floated the possibility of asking the 13 investors-including Conseco, American United Life, Duke […]

Indians pull own weight-WEB ONLY

The Indianapolis Indians are a financial all-star. Not only does the AAA minor-league baseball franchise bring 600,000 people downtown each spring and summer, the team is profitable-it scored $1.23 million last year. Some local officials wrestling with the Capital Improvement Board’s $37 million deficit think part of that profit should come into play. With a […]

Dow may need to sell agro biz-WEB ONLY

Financially strapped Dow Chemical Co. acknowledges it may sell Indianapolis-based Dow AgroSciences LLC, the ag-chemicals-and-biotech firm that’s one of the biggest jewels in the city’s life sciences crown. Dow Chemical CEO Andrew Liveris said on a Feb. 3 conference call with analysts that the Midland, Mich.-based company has teams working with investment banks to evaluate […]

SPORTS: Finding bright spots amid wave of bad sports news-WEB ONLY

Locally, the Capital Improvement Board is swimming in red ink and trying to figure how to fund our glistening sports venues-Lucas Oil Stadium, Conseco Fieldhouse and Victory Field. The Indiana Pacers report losing money nine of the last 10 years. And this year’s team seems to be sliding toward a spot in the NBA draft […]

Finish Line ready to test new store-WEB ONLY

The Finish Line Inc. is preparing to unveil a new concept called Decibel that eventually could replace its struggling Man Alive franchise. The locally based retailer plans to rebrand four Man Alive stores, including one at Castleton Square Mall, for an April launch. It also will rework the product mix in four other stores that […]

A&E: A symphony premiere: Hahn for the record books-WEB ONLY

This week, emptying the notebook on recent work at the ISO, the Phoenix and the IRT. Who says you can’t have a do-over at a symphony concert? Virtuoso violinist Hilary Hahn called for just that after being lost shortly into the brutal third movement of Jennifer Higdon’s world premiere violin concerto (which she played without […]