Private donations for bowl bid hit $25M

DJIA 12,911.9 -80.8 / S&P 500 1,415.9 -7.6 / NASDAQ 2,506.7 -27 Tonight: Clouds increase, showers late. Low 52. Saturday: A few showers, breezy. High 69. Sunday: Scattered showers. High 62.
	Friday, May 16, 2008
	Private donations for bowl bid hit $25M A $1 million contribution by Forest Lucas has brought private-sector giving for Indianapolis' 2012 Super Bowl bid to the $25 million goal. The owner of Lucas Oil Products Inc. spent $122 million for naming rights to Lucas Oil Stadium, which will replace the RCA Dome at the start of the Indianapolis Colts season this fall. This morning's announcement comes as NFL owners prepare to meet on Tuesday to decide whether Indianapolis, Phoenix or Houston gets the nod for the 2012 event.   Herff Jones lands another acquisition Indianapolis-based Herff Jones Inc. is on a buying spree, acquiring its third company in as many months. The maker of high school rings, yearbooks and other educational materials announced this morning that it is purchasing American Achievement Corp. of Austin, Texas, for an undisclosed price. Owned by New York private equity firm Fenway Partners LLC, AAC distributes class rings, yearbooks and graduation products.
	Refrigerated warehouse to be built in Lebanon A New Jersey company with 30 refrigerated warehouses elsewhere in the country plans to build a unit in Lebanon Business Park. United States Cold Storage Inc. will spend $38 million on the 300,000-square-foot warehouse and distribution center, and hire 100 workers by 2012, according to the Indiana Economic Development Corp. The business park is owned by Indianapolis-based Duke Realty Corp. United States Cold Storage received $1.3 million in performance-based incentives from the state. Indy developer targeting Honda suppliers Indianapolis developer Tim Shrout wants to open a business park in Shelbyville to attract suppliers to the new Honda Manufacturing of Indiana assembly plant in Greensburg. Shrout's company, Cedar Run Investments LLC, is calling the 100-acre tract Pleasant View Commerce Park, according to The Shelbyville News. The location is 32 miles from the Honda plant. Honda discourages suppliers from locating within 30 miles of the plant, possibly to avoid competing for workers.   East Chicago might yank tax breaks from firm The city of East Chicago wants to stop providing tax breaks to Union Tank Car Co. after the firm announced in March that it would close its local plant and move production to nonunion plants in Louisiana and Texas. The relocation announcement comes on the heels of the Chicago-based company's acquisition late last year by Warren Buffett's investment firm, Berkshire Hathaway Inc. By state law, East Chicago is not allowed to recover the $1.8 million in incentives it has given to Union Tank since 2000, but can discontinue the incentives.   Analyst sees 15 percent sell-off for REITs A Goldman Sachs analyst said yesterday he expects real estate investment trust stocks to sell off 15 percent or more this year despite the sector's recent outperformance. In a client note, analyst Jonathan Habermann remained cautious on the sector, citing concerns over valuation, slowing fundamentals and the lack of deals. Locally based Simon Property Group, the nation's largest retail REIT, has returned 20.1 percent this year.   High gas prices affecting state revenue Soaring prices at the pump don't necessarily mean big bucks for the state in taxes. The state's gas excise tax, which is used for road construction and repair costs, is a fixed 18 cents on every gallon of gas. So even as prices rise, that tax remains the same. But drivers are buying less gas this year to save money as prices approach $4 a gallon, and the state is seeing a decline in gas tax revenue.
	Windmills might power Indiana steel mill ArcelorMittal USA is studying the possibility of using windmills to power its Indiana Harbor plant, reports The Post-Tribune of Merrillville. The steel manufacturer has installed devices to collect data on wind direction, speed and strength. Luxembourg-based ArcelorMittal operates the largest wind farm on the Great Lakes at a plant in New York. Each windmill costs $4.2 million and generates 2.5 megawatts of electricity, which is enough to power more than 720 average homes for a year. IBJ covering NFL meeting, shopping convention Watch www.ibj.com Monday and Tuesday for news from the NFL owners' meeting in Atlanta. Sports reporter Anthony Schoettle will report and blog from Atlanta on Indianapolis' quest to land the 2012 Super Bowl. Real estate reporter Cory Schouten will blog from the International Council of Shopping Centers convention in Las Vegas. The trade show is the largest gathering of real estate professionals.
	Let the art fair season begin This weekend starts the summer art fair season. Lou Harry's A&E Crean still mulling decision on third assistant Coach is eyeing a candidate with no IU connections. The Score From IBJ staff - Compiled by Norm Heikens Woman shot in head, drives herself to hospital A 25-year-old woman drove herself to Community Hospital East this morning after being shot in the head on I-70 near the Keystone/Rural exit. The woman told police that several people in a black Chevy Malibu drove by and somebody shot at her. The bullet grazed her head. She is expected to recover. Investigators believe the incident is a random act of violence. FOX 59 will have more at 10 p.m. Man shot, killed on west side A 24-year-old man is dead after being shot and killed along 21st and Harding streets on the west side. Police were called to the scene after someone reported seeing a body lying in the road. The victim has been identified as Jerald Gibson. Click It or Ticket begins today Indiana's Click It or Ticket seat-belt-use campaign begins today. State and local law enforcement officials will be on the lookout around the clock for unrestrained motorists. This year, they're focusing on young, nighttime drivers and other high-risk groups. About 250 extra patrols will provide increased enforcement through June 1.
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