Although the opening of a 22,000-seat arena in Louisville is still three years away, officials here are already bracing for
a raid on Indianapolis and Conseco Fieldhouse events. Several Indianapolis interests will be watching Aug. 20 as the Louisville
Arena Authority unveils designs for the arena along the Ohio River.
The Indianapolis Colts are back at it, and with their arrival in Terre Haute (which is French for “terribly hot”) comes the first round of predictions. Will they or won’t they back up their Super Bowl championship? Hey, we’ll all find out in the dead of winter, not the heat of summer … how’s that for not being either bold or profound? But words in the first week of August are just so much blah, blah, blah. So, too, as…
Almost overnight, the nation’s lending climate has tightened dramatically, and the timing couldn’t be worse for two Indianapolis companies. A pair of private equity firms are trying to line up billions of dollars in debt financing to complete their $5.6 billion purchase of locally based Allison Transmission from General Motors Corp. Meanwhile, locally based Finish Line Inc. plans to rely on debt to pay nearly the entire cost of its $1.5 billion acquisition of Tennessee-based Genesco Inc. Those deals still…
The changes to the Indianapolis Motor Speedway’s road course to accommodate motorcycle racing means the track’s operators will forfeit around $500,000 annually in ticket revenue for the Indianapolis 500 and Brickyard 400. Due to modifications just south of pit road and directly north of the oval’s first turn, several thousand seats on the inside of the first turn will be removed after this year’s Brickyard 400. Work to prepare the track for next year’s MotoGP motorcycle race-which includes laying 13,300…
Do the words “integrity” and “sports” belong in the same sentence? Worse, does anyone care? By the time you read this, Barry Bonds, a Giant in uniform but hardly a giant of a man, may have become baseball’s alltime home-run king. His inexorable pursuit of Henry Aaron’s magical mark of 755 has been well-documented. So, too, has been the overwhelming evidence implicating Bonds as a user of steroids. Thus, what should be one of baseball’s greatest moments is instead one…
As I sat last month enjoying my first College World Series week in Omaha, Neb., an evening game between the North Carolina Tarheels and the Rice Owls, it became clear to me that this nationally u n d e r a p p r e c i a t e d event would be perfect for Indianapolis. Or better said; Indianapolis would be perfect for the College World Series. Now, before CWS purists begin to chant “57 years!” “57 years!,”…
On an Ambassadair trip to Athens, Greece, in 1987, one of the tour members suddenly got up from the breakfast table, saying he had to hurry to a class he was teaching that morning. After he left, his wife explained to the puzzled group that he had Alzheimer’s disease, which was diagnosed the year before his retirement in 1986. She said wistfully that they had saved their money so that they could travel after he retired from his job as…
Five leaders of Indiana’s life sciences industry offered their perspectives at the Indiana Convention Center June 26 as part of the Indianapolis Business Journal’s Power Breakfast Series. The panelists: Mike Arpey, managing director of global investment bank Credit Suisse’s Asset Management Division and manager of the $73 million Indiana Future Fund for BioCrossroads, the state’s life sciences economicdevelopment initiative. Ron Ellis, co-founder, president and CEO of Lafayettebased Endocyte Inc., a biotechnology company focused on the treatment of cancer through receptor-targeted…
On July 16, I followed a caravan of about 200 motorcyclists from downtown to the Indianapolis Motor Speedway. As I climbed out of my car in the IMS parking lot, I heard AC-DC’s “Hell’s Bells” blasting through the loudspeakers. Just another reminder it’s not your father’s Speedway anymore. More to the point, it’s not Tony George’s grandfather’s Speedway anymore. Think about it. No sooner than George and his IMS team bid adieu to Formula One, they said hello to MotoGP,…
Who asked for televisions to be installed in every restaurant in central Indiana? I’ve been to a lot of them, standing in lines, overhearing conversations with wait staff, chatting with the bartender, and never once, not a single time in my whole life, did any customer ever say anything like, “You know, what this joint really needs is a TV!” I can understand places where you’d expect to find TVs, and indeed where you go to watch TV on special…
Dick’s Sporting Goods’ aggressive nationwide growth plan will mean about 400 new jobs at the retailer’s Plainfield distribution center, industry experts said. Last month, Pittsburgh-based Dick’s rolled out a plan to grow from 309 stores to 800 nationwide within seven years. The plan includes growing from zero to 90 stores in California, two to 60 in Texas, and two to 40 in Florida. “Their expansion plans are so aggressive, they’re eventually going to have to open another distribution center, but…
A significant Indianapolis sporting event with international appeal is preparing to celebrate its 100th anniversary in 2011. The Indianapolis 500? Well, yes, that too. Far less-wellknown and recognized is that the origins of elite-level competitive tennis in Indianapolis also date back to just after the turn of the century … the last century, that is. Records show that the Western Tennis Championships, which led to the U.S. Clay Court Championships, which led to the U.S. Hardcourt Tennis Championships, which led…
Bringing MotoGP–the world’s highest level of motorcycle racing–to the Indianapolis Motor Speedway could easily draw more
than 150,000 spectators and net an eight-figure windfall for track owner Tony George.
Twenty years ago, Indianapolis was preparing to take on the world. Or at least half of it. It was a month before the 10th Pan American Games. In my lifetime, I do not recall many times-if any-when there was such a feeling of collective effort. This wasn’t a city rooting for a team, like the Pacers or the Colts. This was a city rooting for itself to pull off this mammoth undertaking, to show not just the country, but the…
Turkey isn’t high on the list of countries Americans visit. Tell friends you’re going to France and they congratulate you. Tell them you’re going to Turkey, and they ask why. They might follow the why with a reference to the movie “Midnight Express,” a 1978 film about an American’s nightmarish experience in a Turkish prison. Midnight Express had such a negative effect on Americans’ perceptions of Turkey that the man who wrote the book the movie is based upon recently…
A major sponsorship upgrade by local drugmaker Eli Lilly and Co. and a quartet of new corporate partners has helped the Indianapolis
Tennis Championships stem its losses after the departure of its title sponsor.
P RO F I L E Georgetown Chiropractic Clinic PC Demand spurs chiropractor to grow clinic Massage, Pilates, yoga classes round out northwest-side practice If life gives you a pain in the neck, chances are you’ve sought relief from a specialist at working out the kinks-like Georgetown Chiropractic Clinic PC. Chiropractic use has tripled in the last two decades, according to research published in the Annals of Internal Medicine. To accommodate some of that growth locally, Georgetown Chiropractic has doubled…
It wasn’t long ago that writing an economic analysis column meant-surprise-that you analyzed the ups and downs of the economy. And if you came of age in the 1960s and ’70s, there were plenty of ups and downs to keep track of. Volatility in just about everything was higher then, with strikes, inflation and more frequent recessions the order of the day. And even though that environment has changed remarkably since the mid-’80s, the habit of peering at the data…
It read, “The hurrier I go, the behinder I get.” That’s the way I feel about technology. For every step I take forward, I fall two behind. A couple of weeks back, my trusty home laptop computer broke down. So, nearly, did I, especially as I pitched myself into the world of repair (it could’ve been fixed, but it was price-prohibitive) and then into retail (did the salespeople notice how my eyes glazed over as they launched into their wi-fi,…
“What’s that?” she asked, looking over my shoulder as I logged into my Google account and opened my personalized page. When I told her that this was my iGoogle page, replete with all of the news, weather, stock quotes, information, blogs-everything-that I like to have at my fingertips, she was dumbstruck. “How did you get that?” she asked. I was dumbstruck, too. Is it possible that she-and, maybe, you-haven’t heard about iGoogle? Well, that changes today, and you can thank…
