Indianapolis Business Journal

Academy Gets Reprieve but Remains On Thin Ice

When the Indiana Sports Corp. sold the ice rinks and adjacent plaza to a partnership of Indianapolis-based Kite Realty Group Trust and California-based Coastal Partners LLC in 2008, the IWSA was given a matter of months to get out to make way for redevelopment of the site. Next month, the IWSA is hosting an international pairs competition at the downtown ice rinks the city's only year-round ice rinks.

Economic Woes Shutter Leadership Ventures

For intermediaries such as Leadership Ventures to be successful, especially in the difficult economic climate, they need to convey the value they contribute as clearly as they can, said Angela White, chief operating officer of Johnson Grossnickle and Associates Inc. in Greenwood.

Revival Plan for Washington Street

A portion of the cost of the facade renovation is being paid for with a facade improvement grant from the Local Initiatives Support Corp. The brokers also own the vacant lot to the immediate west of the properties.

Indy Entrepreneurs Draft Plans for 3 Microbreweries

Three new local microbreweries - Triton Brewing Co., Bier Brewery & Taproom and Flat 12 Bierwerks - are planning to open in the next few months in a rush inspired in part by the runaway success of homegrown Sun King Brewing Co. "We think it's great," said Omar Robinson, Sun King's president.

Digitizing Hoosier Educators

Any school or teacher not showing above-average growth rates, no matter whether they're in a poor neighborhood with low expectations or an affluent suburb filled with high achievers, could face tremendous backlash from parents, politicians or the press. Eventually, the entire Indiana public education system - teachers, principals, school districts and teachers' colleges - could be evaluated on the success (or lack thereof) their former students enjoy in college and the work force. Meredith,...

Fort Ben Home, Condos Headed to Auction

The former home of the commanding general at Fort Benjamin Harrison and four condominiums at the old army base are being auctioned June 17, a reflection of the difficulty of selling high-end condos in a soft real estate market.

Optic Nerve

Progressive lenses account for more than 40 percent of all orders, and that portion is only expected to grow as the U.S. population ages, Dallas said. According to a ranking by industry magazine Vision Monday, they range from Minneapolis-based Walman Optical, with annual sales of $96 million, to labs smaller than LensTech.

Is Going Multimodal Next for Carmel?

Carmel residents have already gotten a taste of transit's potential. Besides Hamilton County Express, a coach bus known as IndyGo Commuter Express - or ICE - runs from downtown Indianapolis to the Meijer store in Carmel.

Page's Troubles Pile Up

The lawsuit - one of several in Indiana and Florida involving Page Development condo projects, principals, condo associations and lenders - is a turnabout for a group that a few years ago could sell out condo buildings on Englewood's Manasota Key with little more than a glossy pamphlet promising a true tropical paradise. The company has failed to pay its share of condominium association dues for the unsold Boulder Pointe units or the ones owned by Page friends and family members, said Ronald...

Proxy Corner: Republic Airways Holdings Inc.

VALUE (Table omitted) NOTEWORTHY CONTROL Greenlight Capital Inc. Number of common shares: 3,442,800 Percentage of common shares: 10.0 Dimensional Fund Advisors LP Number of common shares: 3,367,049 Percentage of common shares: 9.7 TPG Advisors V Inc. Number of common shares: 2,500,000 Percentage of common shares: 7.3 FMR LLC Number of common shares: 2,006,000 Percentage of common shares: 5.8 BlackRock Inc. Number of common shares: 1,918,589 Percentage of common shares: 5.6 EXECUTIVE COMPENSAT...

Shift Jolts Health Firms

Even though clinical trial data showed that inhalers were more effective than pills like Singulair at controlling asthma, WellPoint's study found that patients were far better at taking pills than using inhalers. [...] patients taking asthma pills had fewer emergency room visits and hospitalizations.

Licensed to Innovate

CEO Tim Solso and other trucking industry executives were at the White House in May, when President Obama signed a memo directing the Environmental Protection Agency and Transportation Department to come up with the first standards on greenhouse gas emissions and fuel economy for medium- and heavy-duty trucks, starting with the 2014 model year. A recent report by the National Academies of Science suggests fleet owners could achieve significant savings just by making box trailers more aerodyn...