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Failed IBM deal could still cost millions

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Published May 4, 2010 at 12:29 p.m.
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Image from IDEC IDEC secretary, and former FSSA director, Mitch Roob ... Amid news surrounding the Indiana primaries, the Times Square bomber and the Gulf oil spill, here's something you may have missed: ... Remember that deal Gov. Mitch Daniels made with IBM to privatize welfare administration? The one that, despite ending up a total disaster riddled with waste and mismanagement, was costing the state millions each month? ... Angela Mapes Turner, at Fort Wayne's Journal Gazette, revealed

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Fans, teams ready for opening weekend at IMS

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Published May 14, 2010 at 11:37 a.m.

This is the Centennial Era for the Indianapolis Motor Speedway, with the facility's 100th anniversary in 2009 and the 500 celebrating 100 years in 2011 ...

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500 drivers to meet fans at Castleton Square

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Published May 14, 2010 at 12:00 a.m.

Forty Indianapolis 500 drivers were scheduled to sign autographs tonight at a Northeastside mall store ... Perhaps the biggest attraction will be getting one of 200 spots in a VIP line to get the signatures of Danica Patrick and Helio Castroneves ...

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Lola reveals its car design for 2012 IRL

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Published Feb. 15, 2010 at 7:11 p.m.

The future of Indy-car racing is now on full display -- with all four choices available for comparison ... Lola Cars, which has produced three Indianapolis 500 winners, Monday became the last of those submitting designs to the Indy Racing League to publicly unveil its plans for the 2012 season ...

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Speedway Cuts Indy 500 Schedule

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Published Dec. 15, 2009 at 1:53 p.m.

Events that lead up to the Indianapolis 500 will be slashed by a week, Indianapolis Motor Speedway officials say ...

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Indy 500 shortens May schedule

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Published Dec. 15, 2009 at 4:29 p.m.

The Indianapolis 500 is going back to a single-weekend, two-day qualifying event ...

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Duke Realty CEO takes $220K pay cut

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Published Sept. 25, 2009 at 9:33 a.m.

Duke Realty Chairman and Chief Executive Dennis Oklak has taken a voluntary 31 percent pay cut. In a regulatory filing, the head of the Indianapolis-based real estate investment trust said he cut his compensation "in light of the continuing difficult economic environment," according to a regulatory filing. As of Aug. 3, Oklak reduced his annual base salary from about $720,000 to $500,000 and other annual incentive bonuses. The impact on his total take-home pay won't be known until next year ...

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Race-day gridlock can't stop this Speedway church

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Published July 26, 2009 at 12:00 a.m.

Most of the churches in Speedway haven't held worship services on race days since the 1970s, when the Indianapolis 500 moved to Sundays and churchgoers were introduced to hellish parking options and traffic jams rivaling the exodus from Egypt ...

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City picks Third Street to sell sponsorships

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Published July 23, 2009 at 11:00 a.m.

Indianapolis officials have picked locally based marketing firm Third Street to raise money by selling sponsorships, advertising and naming rights for city-owned properties.Third Street was one of 15 local or out-of-state firms that responded to a city request for information issued in April. The cash-strapped city hopes to raise $500,000 a year after the sponsorship program launches this fall.Third Street was formed early this year ...

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State has no alternative to troubled welfare system

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Published July 12, 2009 at 12:52 p.m.

Indianapolis - Indiana welfare officials considering canceling the state's privately run welfare system have no backup plan in place, and critics say it will be hard to undo the privatization of 1,500 ...

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