The owners of Market Tower–the city’s fourth-tallest skyscraper–tried to sell the 31-story building this month but apparently
were unable to generate bids that met expectations. The timing of the sale–at a point when financing large deals is difficult–suggests
the owners may be eager to unload the asset.
A three-year project to build a new convention headquarters hotel along West Street now is scheduled to begin on June 1, immediately after the Indianapolis 500, said Mike Wells of developer REI…
The city’s 2012 Super Bowl bid committee set up a Web site, www.our2012sb.com, in mid-February to encourage input from the
community–adopting a more inclusive approach than organizers did last year when bidding on the 2011 game.
Organizers putting together Indianapolis’ bid for the 2012 Super Bowl have established a Web site – www.our2012sb.com – that they hope will become a breeding ground for public comments and suggestions to build their pitch. Also unveiled in a formal announcement of the bid this afternoon is a community advisory council that will gather ideas […]
More than 2,500 people have signed petitions opposing a proposed land swap that would make room for more retailing in Terre Haute. Responding to rising retail competition from Plainfield and Evansville, Terre Haute developers Gibson Development and Thompson Thrift want to swap 72 acres they own plus pay $9.2 million in return for the county […]
Mayor Greg Ballard this morning announced his leadership team for the 2012 Super Bowl bid but said the city will review the National Football League’s requirements before making a final decision whether to bid. Bids are due April 1. Ballard said a final decision about the bid will be announced by mid-February. Despite the hedging, […]
Indianapolis Mayor Greg Ballard this week plans to name a point person to head the city’s bid for the 2012 Super Bowl. Ballard spokeman Marcus Barlow said today the mayor’s office has moved forward and that other leaders are falling into place. John Lechleiter, who will become CEO of Eli Lilly and Co. in April, […]
Almost two years after opening, the Conrad Indianapolis hasn’t received a Mobil Travel Guide review, and its four-diamond
AAA ranking puts it on par with five other Indianapolis hotels–most of which target conventioneers and business travelers.
The Hoosier Lottery has rejected all bids for the creative part of its advertising account. Most of the
bidders were local, and the agencies involved are miffed that they were passed over.
In this weekendâ??s IBJ, reporter Anthony Schoettle…
A Boston-area developer has sued the University of Notre Dame and several other universities and foundations, claiming they violated a Massachusetts law that forbids charging interest rates greater than 20 percent. Notre Dame – along with Harvard, Yale and Princeton universities, among others – invested in Realty Financial Partners, an entity that made $16.7 million […]
In an unlucky turn for area ad agencies, Hoosier Lottery officials rebuffed all six bidders for the creative portion of its
advertising account. The rejection of all bidders is an unusual occurrence in the ad industry and it has never before happened
with the lottery account, one of the most lucrative, high-profile jobs in the state.
The Hoosier Lottery has rejected all bids for the creative part of its advertising account. Most of the bidders were local, and the agencies involved are miffed that they were passed over.
In this weekend’s IBJ, reporter Anthony Schoettle quotes…
The U.S. Department of Health and Human Services said today that Indianapolis-based WellPoint Inc. and several other providers of drug benefits kept overpayments too long. The companies, which also include Minnesota-based UnitedHealth Group and Humana Inc., headquartered in Louisville, Ky., should have more quickly refunded the $4.4 billion in overpayments, the department said. The figure […]
Public entities, like school districts and universities, are not known for being risk takers. Some even call them “risk averse.” So, those in the architectural and construction industries aren’t surprised that a state law passed two years ago allowing public entities to use the design-build process is only now taking hold. Design-build lets the owner hire one team to carry out both the design and construction of a project-unlike the traditional design-bid-build process in which the owner commissions architectural plans,…
More than 20 cities-including Indianapolis-are bidding for the USA Basketball headquarters and national training facilities, which have been located in Colorado Springs since 1979. The official announcement came today from officials of USA Basketball, the national governing body for men’s and women’s basketball in the U.S. Bids are due Dec. 20, with a decision set […]
Indianapolis is poised to launch a bid
to attract USA Basketball’s headquarters from its Colorado Springs home. The not-for-profit national governing body for men’s
and women’s basketball in the United States recently put out a request for proposals for a new headquarters city.
Colts quarterback Peyton Manning made news recently when Business Week ranked him 13th among the 100 most-powerful people in sports. Not to be outdone, or to let a good idea go unstolen, here’s my list of the 25 most- influential people in Indianapolis sports. Criteria: my opinion. No. 1: Indianapolis Motor Speedway owner Tony George. With three races (including next September’s Moto GP motorcycle debut) bringing in more than $700 million annually, IMS is the elephant in the room that…
Officials for the Indiana Invaders track and running club and the city of Indianapolis announced yesterday that a championship cross-country course and training venue will be developed along the banks of the White River downtown. Ground was broken this week on the project, which is being financially supported by locally based retailer The Finish Line, […]
With the Nov. 6 mayoral election looming, Mayor Bart Peterson seems content to wait for a third term to choose who will redevelop
the Market Square Arena site. He’s willing to put off the opportunity to wipe past failures clean in large part because the
political climate has changed.
First Indiana Corp.’s announcement that it would be sold to Milwaukee-based Marshall & Ilsley Corp. for $529 million in cash
came just 17 days after sale discussions began. Banking observers have speculated for weeks that First Indiana acted fast
to cut a deal before it would have to report second-quarter results.
