Business Weekly GREATER
FORT WAYNE
OCTOBER 18-24, 2013
Daily updates at www.fwbusiness.com
LOCAL NEWS
Roaring back Kelley opens new Chevy dealership
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Holiday splurge: Retailers rush to open stores And that has led to a decline in the vacancy rate in Fort Wayne BY LINDA LIPP llipp@kpcmedia.com
As retailers across the country prepare for the biggest sales season of the year, Fort Wayne has seen a rush of store openings that have reduced the vacancy rate in the city’s key shopping areas. The bigger new kids on the block RELATED include Carson’s, Costco, Dunham’s STORY Sports, Burl- Q Purdue professor ington, Ollie’s isn’t optimistic Bargain Outlet and about holiday sales. Marshalls. With Page 23 the exception of Marshalls, which opened Oct. 3 at Jefferson Pointe, all the large new retail stores are on the north side of town. That just reinforces the area’s claim as the primary shopping destination in Fort Wayne, said commercial real-estate broker Steven Zacher, president of Zacher Co./ CORFAC International. According to new data collected by n
METROCREATIVE
Banks consider federal workers’ pay predicament 1st Source program provides notes to clients BY DOUG LEDUC dleduc@kpcmedia.com
LINDA LIPP
Dunham’s Sports recently opened in a long-vacant space at Glenbrook Commons.
See STORES on PAGE 23
FORT WAYNE RETAIL VACANCY RATES Quadrant Northeast Northwest Southeast Southwest Total
2013 17.4% 7.9% 31.4% 10.2% 14.7%
2012 22% 9.7% 28% 10.7% 17.2%
2011 26.1% 9.2% 32.3% 12% 19.5%
2010 12.9% 16.5% 15.8% 9.4% 13.7%
2009 14.9% 19.8% 18.3% 12.3% 16.4%
Source: Zacher Co./CORFAC International
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INSIDE
Vol. 9 Issue 42
A number of banks serving RELATED northeast Indiana STORY have been watching Q Shutdown the impact of the forces CEO government shut- Forum change. down for indica- Page 16 tions it could affect their clients, and 1st Source Bank has taken a pre-emptive step of offering a special assistance program. The U.S. government shutdown, now entering its fourth week, put about 800,000 federal employees out of work. An estimated 1,200 of those are based in the Fort Wayne metro area, according n
See BANKS on PAGE 22
Local news .................... 3-7
LOCAL NEWS
HEALTH CARE
BizView .............................. 8
Not in harmony
State of confusion
Philharmonic, musicians negotiate over proposed pay reductions
Many people still don’t understand health overhaul
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Health Care .................... 10 Personal Business ........ 13 Top List ............................ 18 BizLeads..................... 19-21