Centaur project in Pennsylvania could collapse

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	Monday, July 14, 2008
	Centaur project in Pennsylvania could collapse Pennsylvania gambling regulators have unanimously rebuffed an attempt by Indianapolis-based Centaur LLC to gain a temporary slots license that would clear the way to develop a horse race track and casino. Financing for the project expires July 15, a Centaur attorney told the Pennsylvania Gaming Control Board earlier this month. "This whole project could go up in smoke," William Lamb warned, according to the Pittsburgh Tribune-Review.   Hansen & Horn to build houses in Anson Duke Realty Corp., the developer of the mixed-use Anson in Boone County, has chosen Hansen & Horn Group Inc. to build single-family houses in the project. Locally based Hansen & Horn replaces Los Angeles-based KB Home Inc., which backed out of plans to build in Anson when it exited the Indiana market in July 2007. Hansen & Horn sidestepped much of the carnage in last year's housing bust by abandoning the tract-housing market and shifting upscale with designs featuring varying rooflines, better-quality materials and bold colors.
	Steak n Shake stock slips after exec exits Steak n Shake shares fell 2.2 percent this morning, the first regular trading since the company's announcement late Friday that Chief Financial Officer Jeffrey A. Blade had resigned, effective immediately. Blade, who also held the titles interim president, executive vice president and chief administrative officer, left to pursue other interests, the Indianapolis-based company said. Steak n Shake shares around midday were trading at $5.67, down 13 cents.   Republic stock slips after firm unveils job cuts Shares of Republic Airways Holdings Inc. slipped this morning, in the first trading session since the regional air carrier announced late Friday that it was cutting its work force by 10 percent, or about 500 employees, over the next several months. The stock was trading around midday at $7.50, off 25 cents, or 3.6 percent. Republic blamed a contraction by its major air carrier customers for the downsizing.   Indianapolis to lose one Starbucks location Starbucks Corp. plans to close a location at 3021 W. 16th St. as part of a downsizing that the Seattle coffee giant blames on a slow economy and decline in consumer confidence. About 600 stores will be shuttered nationwide in the pull-back, Starbucks announced July 1. Only one other Indiana location will close, in the northeastern Indiana town of Bluffton. Hummer maker to produce newfangled taxi AM General, the Mishawaka company that makes Humvee military vehicles and the hulking Hummer sport-utility vehicle, says it's about to sign an agreement to build the new Standard Taxi for Vehicle Production Group LLC of Troy, Mich. Assembly could begin next year, according to the South Bend Tribune. Prototypes generated by Vehicle Production Group are a boxy car with room for four people in the back seat. Ramps and large doors allow wheelchair access.   Indiana zooms up 'improved' list Indiana ranked 13th on CNBC's annual list of top states for business, a vast improvement over the 26th place last year. The biggest jumps occurred in the categories of economy, business friendliness, transportation and cost of doing business. The state's ranking for innovation and access to capital were stagnant. States were ranked on 40 measures of competitiveness available from public data. Group may fight foreclosure sales in court A national housing activist group is threatening legal action to force Lake County's sheriff to halt the sale of foreclosed properties. The Lake County Council recently endorsed the group's proposal for a temporary moratorium on home foreclosures to give homeowners more time to try to save their homes. But Lake County Sheriff Roy Dominguez, whose office handles home foreclosures, contends that he's legally obligated to carry out the foreclosures ordered by judges and to administer regular sales of foreclosed property.
	Casino sues to remove power lines The Majestic Star Casino is suing U.S. Steel to force the company to remove power lines that are blocking development on the Hammond lakefront. The suit filed in federal court says a 1954 agreement between U.S. Steel and the former owner of the casino property requires U.S. Steel to dismantle the power lines if they haven't been used for five years. Majestic Star officials say they want the towers removed to improve the appearance of the area and allow for new construction.   Property taxes looming in legislative arena again The General Assembly passed a sweeping property tax relief and restructuring package earlier this year, one Gov. Mitch Daniels and other backers said would bring significant and lasting change. They said after years of trying, they had finally fixed an ancient and broken property tax system and ushered in a new era of taxpayer protection. But because of the complexities of property taxes, the billions of dollars and stakeholders involved, and outside forces such as a fluctuating economy, it might have a permanent place on the Legislature's table.
	You-review-it Monday What did you think of DK's Gershwin show? Lou Harry's A&E Indy Racing League may exit Nashville Series plans to unveil 2009 schedule by end of July. The Score From IBJ staff - Compiled by Norm Heikens Man accused of officer shooting in court today The man accused of shooting Indianapolis police officer Jason Fishburn in the head while on the run Thursday appeared in court this morning to face formal charges of murder, robbery, burglary and possessing a firearm without a license. Brian Reese, 36, also is accused in the July 6 murder of 69-year-old Clifford Haddix. Fox 59 will have more at 10 p.m. Car chase ends with suspects on the run Suspects in a June 30 carjacking are on the run following a police chase early this morning. The suspects ditched a car in the Twin Hills neighborhood near 38th Street northeast of downtown after police tried to pull it over. Free tickets available for stadium opening Fans wanting to get a first look at Lucas Oil Stadium can get free tickets today at the Conseco Fieldhouse box office. There is a limit of eight tickets per person. The tickets give fans access to an Aug. 16 tour. Pan Am Plaza a broken play The Indiana Sports Corp. has played a key role in making Indianapolis a major sports town. But its foray into real estate-developing Pan Am Plaza in the mid-1980s-has not turned out as hoped.   Law firm sells sports group Andrew "Buddy" Baker has left the law firm of Ice Miller and taken the firm's sports marketing division with him.   Hoosiers revisit old wells The runup in energy prices has lured oil and gas explorers back to the largely abandoned oil and gas fields of east-central Indiana.
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