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Environment
ECONOMIC ANALYSIS: Study casts new light on rising house prices
February 27, 2006
Patrick BarkeyI have always been amazed at the confidence and certainty projected by those who stand before the television cameras at the
end of the day and explain to us-in 90 seconds or less-why the stock market behaved as it did. I suppose if we are silly enough
to ask for a simple explanation for the 5 million or 6 million trades conducted on any given day, we should expect nothing
more in return. Of course, those trades take place for...
MoreEthanol's secret: Highly touted alternative fuel needs tax subsidies to survive
February 27, 2006
Chris O\'malleyState and local leaders have been crowing about how ethanol plants will bring more jobs to Indiana and put more dollars in
the pockets of corn farmers. If that prospect isn't enough to make votecoveting politicians and corn farmers giddy, General
Motors Corp. started singing ethanol's praises this month in TV ads. Joyous motorists frolic under blue skies-all thanks to
ethanol's promise of cleaner air and energy independence from oil. But there's another economic reality for motorists who
use E85,...
MoreBEHIND THE NEWS: Impending pain: Expect big cuts after sale of Irwin unit
February 27, 2006
Greg AndrewsNo one wants to say it, but Fishersbased Irwin Mortgage Corp., one of the area's biggest financial-services companies, is
almost sure to lose hundreds of jobs, and may disappear. Parent company Irwin Financial Corp. last month put Irwin Mortgage
on the selling block, a move that imperils many of the unit's 450 local jobs. Hoosier bankers have been through enough sales
to know that out-of-state buyers almost always trim jobs. But this could be something else entirely-a wholesale gutting of...
MoreBULLS & BEARS: Indiana's in biofuel game; now it should strive to win
February 27, 2006
Ken SkarbeckOver the past few months, Indiana Sen. Richard Lugar has been vocal in touting the benefits of renewable fuels such as ethanol
and biodiesel. It would be wise for the state's government and business leaders to heed his message. The renewable fuel industry
is gathering momentum and has a high probability of growing into a substantial industry. The energy bill President Bush signed
into law last summer mandates the use of 7.5 billion gallons of ethanol each year by 2012,...
MoreEmerging India: Opportunity or threat?: Indiana businesses brace for growing global competition
February 27, 2006
Peter SchnitzlerOpportunity or threat? Indiana businesses brace for growing global competition Next month, President Bush will make his first
official visit to India. To most of the American media, it'll be just one more round of global terrorism discussions with
a distant foreign nation, perhaps worthy of a brief. The Indian press knows better. Six weeks ahead of Bush's trip, banner
headlines about it ran in every newspaper. Al Hubbard knows better, too. Friends with Bush since their days at Harvard...
MoreDuke's Earth Services Inc.: Environmental services firm cleaning up on spills Haz-mat niche paying off; business expected
to double
February 20, 2006
Ed CallahanWhen a truck carrying a load of frozen chicken crashed on Interstate 74 near Batesville last month-mixing the meat with less-than-appetizing
ingredients like diesel fuel and coolant-Duke's Earth Services was high on the invite list for the impromptu barbecue. The
Mooresville-based environmental services company specializes in such unpleasant jobs: cleaning hazardous materials spills,
removing underground storage tanks, and checking construction sites for contaminated soil. And business is good. Duke's posted
revenue of $3.5 million in 2005, and leaders expect to...
MoreBEHIND THE NEWS: Consumer spending spree gives spark to Simon stock
February 13, 2006
Greg AndrewsIt's becoming almost ho-hum for Simon Property Group Inc. Another year, another round of eye-popping returns for the company's
shareholders. The Indianapolis-based mall owner, by far the nation's biggest real estate investment trust, just closed the
book on 2005, a year when funds from operations-a key measure of REIT performance-zipped up another 13 percent. Simon shares
last year rose 18 percent. Including reinvested dividends, the stock in 2005 returned 23 percent. It was the fifth year in
a row the...
MoreECONOMIC ANALYSIS: Let the private sector operate the Toll Road
February 13, 2006
Patrick BarkeyWatching the tug and pull of partisan politics in full bloom in our state capital brings to mind that old saying about making
laws and making sausage. You don't really want to see how either one happens. But as our elected leaders posture and fight
over the table scraps of new revenue that can realistically be said to be squeezed out of what has historically been an overcommitted
state budget, another, more hopeful, vision comes to mind. It's a vision...
MoreEateries await smoking ban: Some restaurant owners face tough decisions
February 13, 2006
Scott OlsonIt's 2:30 p.m. on a Tuesday and the lunch crowd has dwindled enough to give Giorgio Migliaccio time to relax and light up
a cigarette at the downtown pizzeria that bears his name. But come March 1, Migliaccio and the majority of other restaurant
owners in Marion County no longer will allow smoking. A city ordinance will ban the practice in establishments that allow
patrons younger than 18. "I think it will be very hard for the addicted to not...
MoreECONOMIC ANALYSIS:
February 6, 2006
Patrick BarkeyYou can tell that economists as a group don't have a marketing bone in their bodies. How else can you explain the incomprehensible
name we've given the measure of economic activity we watch more closely than any other? Gross domestic product. If I were
a comedian, I could probably do a sketch on what images those words conjure up. But I'm an economist, so there's little chance
of that. Instead, like the rest of my brood, I am diving into...
MoreHome construction spreads growing pains into country: Shelbyville, county struggle with housing growth plan
February 6, 2006
Tom MurphyDevelopers grabbed 286 permits to construct single-family residential units in 2005, up from 204 the year before, according
to the Builders Association of Greater Indianapolis. Shelbyville Mayor Scott Furgeson, whose city captured most of that growth,
said his municipality issued only about 30 permits a year before 2004. "It's unbelievable," he said. "I think people finally
realize that Shelbyville is, I guess, reachable from anywhere." A congestion-light commute to Indianapolis, acres of developable
land and some tweaked building laws all...
MoreIPOs take minor dip in 2005: Analysts stay optimistic; 3 Indiana companies set to go public in early '06
January 30, 2006
Scott OlsonThree Indiana companies took the plunge to go public last year, two less than the number that did so in 2004. The state's
slight dip in initial public offerings mirrors the slump in activity nationally. But Indiana appears to be off to a fast start
for 2006. Three other Hoosier companies filed to go public late last year, but had yet to complete their IPOs by year's end.
Overall, the number of companies that went public on the major U.S....
MoreBusy year, but no record: A Wellpoint deal leads list for second year in row, but 2005 lacks blockbuster
January 30, 2006
Peter SchnitzlerFor the second year in a row, a giant Wellpoint deal led the pack. As much money was involved in Wellpoint's $6.7 billion
acquisition of WellChoice Inc. as in the rest of the list combined. It was a huge deal by most any company's standard-except
Wellpoint's. The year before, Wellpoint's $22.7 billion merger with Anthem Inc. led all deals and then some. Thanks to that
single mega-deal, 2004's $31 billion list total shattered all previous local merger and acquisition records....
MoreCHRIS KATTERJOHN Commentary: Greetings from Florida-and the Edge
January 30, 2006
NAPLES, Fla.-After 11 days of vacation here in Naples, I'm beginning to gear up to return to work. I'll be back in the office
on the 23rd. Let me tell you what I've read since I've been down here. I started with "Memoirs of a Geisha," an engaging piece
of fiction that tells a beautiful love story while revealing the inside world of Japanese geisha. Second, I tackled "The Grail
Bird," a work of non-fiction that tells the story of...
MoreClarian finds room for luxury: Hospital one of a handful to feature spa treatment
January 30, 2006
Tom MurphyWomen giving birth at Clarian North Medical Center now can enjoy a massage, manicure or pedicure before they return home to
the sleep-deprived life of caring for a newborn. These are a few of the services Indianapolis-based Ology will offer when
it launches its second hospital spa Jan. 23 at the new Carmel medical center. Ology opened its first more than a year ago
inside Avon's Clarian West Medical Center. Spa Director Andréa Bradley-Stutz expects the latest location to top...
MoreCHRIS KATTERJOHN Commentary: Greetings from Florida-and the Edge
January 23, 2006
NAPLES, Fla.-After 11 days of vacation here in Naples, I'm beginning to gear up to return to work. I'll be back in the office
on the 23rd. Let me tell you what I've read since I've been down here. I started with "Memoirs of a Geisha," an engaging piece
of fiction that tells a beautiful love story while revealing the inside world of Japanese geisha. Second, I tackled "The Grail
Bird," a work of non-fiction that tells the story of...
MoreBusy year, but no record: A Wellpoint deal leads list for second year in row, but 2005 lacks blockbuster
January 23, 2006
Peter SchnitzlerFor the second year in a row, a giant Wellpoint deal led the pack. As much money was involved in Wellpoint's $6.7 billion
acquisition of WellChoice Inc. as in the rest of the list combined. It was a huge deal by most any company's standard-except
Wellpoint's. The year before, Wellpoint's $22.7 billion merger with Anthem Inc. led all deals and then some. Thanks to that
single mega-deal, 2004's $31 billion list total shattered all previous local merger and acquisition records....
MoreClarian finds room for luxury: Hospital one of a handful to feature spa treatment
January 23, 2006
Tom MurphyWomen giving birth at Clarian North Medical Center now can enjoy a massage, manicure or pedicure before they return home to
the sleep-deprived life of caring for a newborn. These are a few of the services Indianapolis-based Ology will offer when
it launches its second hospital spa Jan. 23 at the new Carmel medical center. Ology opened its first more than a year ago
inside Avon's Clarian West Medical Center. Spa Director Andréa Bradley-Stutz expects the latest location to top...
MoreIPOs take minor dip in 2005: Analysts stay optimistic; 3 Indiana companies set to go public in early '06
January 23, 2006
Scott OlsonThree Indiana companies took the plunge to go public last year, two less than the number that did so in 2004. The state's
slight dip in initial public offerings mirrors the slump in activity nationally. But Indiana appears to be off to a fast start
for 2006. Three other Hoosier companies filed to go public late last year, but had yet to complete their IPOs by year's end.
Overall, the number of companies that went public on the major U.S....
MoreTrying to make wastewater less wasteful: Carmel startup sees big potential in new treatment
January 16, 2006
Scott OlsonThe yellow-hued liquid in a jar that business partners Bud Harmon and Timothy Ortman tote with them to tout their venture
often is mistaken for urine. But the pair is pretty sure the chemical compound, which treats wastewater at food-processing
plants, carries much more promise. A second-place finish in a November business plan competition hosted by Purdue University
helped bolster their belief. Harmon, a past chairman of Purdue's Department of Animal Sciences, and Ortman, an aerospace engineer
who cut his...
MoreAearo aiming for IPO: Giant in safety equipment wants to raise $230 million, plans overseas expansion
January 16, 2006
Chris O\'malleyAn Indianapolis company that makes earplugs, hard hats and other protection gear used by everyone from soldiers to construction
workers has laid the foundation for an initial public stock offering. Aearo Technologies Inc. plans to raise up to $230 million
in the offering and list its shares on the New York Stock Exchange, according to its registration statement filed late last
year with the U.S. Securities and Exchange Commission. But the filing leaves blank a number of key details-such as...
MoreBEHIND THE NEWS: Big backer of Marsh cashes in millions in grocer's shares
January 9, 2006
Greg AndrewsThe Cincinnati investor that has helped back Marsh Supermarkets Inc. for more than two decades quietly unloaded a big chunk
of its shares just before Christmas. American Financial Group Inc., an insurer controlled by the family of billionaire tycoon
Carl Lindner, sold 255,686 Marsh shares for nearly $2.4 million Dec. 21 and Dec. 22, a filing with the Securities and Exchange
Commission shows. American Financial officials did not return calls, but market observers say the move suggests the insurer
thinks...
MoreLegislators fight over green rules: Biz lobby: Indiana standards should not exceed EPA's
January 9, 2006
Peter SchnitzlerBusiness interests and environmentalists are squaring off in the Indiana General Assembly. It's unlikely they'll see eye-to-eye
anytime soon on this year's ripest green issue: whether to hold Indiana to a higher environmental standard than the rest of
the nation. In one corner, the Indiana Chamber of Commerce is leading a push for legislation to bind the state to environmental
rules "no more stringent than" those of the U.S. Environmental Protection Agency. Framing the debate around economic development,
the Chamber...
MoreJ&J Detailing and More Inc.: More to detailing firm than a buff and grime J&J prides itself on experienced staff, exemplary
service
January 9, 2006
Jo EllenJ&J prides itself on experienced staff, exemplary service Two Southport High School chums were talking one day about how much
people were willing to pay for clean cars at the good detailing shops. "We both had some ideas about how it would work. We
went home, made some notes and realized we could do this ourselves," said John Boyce, 45, co-owner of J&J Detailing and More
Inc., founded three years ago. The other J is Jeff Hord. The two had...
MoreAGENDA INDIANAPOLIS 2006: City made progress in some areas, but top priorities require more work
January 2, 2006
Scott OlsonThe wheels are beginning to turn on a multi-county transit plan, now that the Central Indiana Regional Transportation Authority
is mostly in place. The authority, charged with coordinating and, ultimately, administering a regional transit system, was
formed at the end of 2004, about the time IBJ asked readers to rank the most pressing issues facing the city. The results
of the survey, published last January, revealed public transportation and congestion issues as the largest concern, followed
by the need for...
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Doug Henning!
These guy were thugs — they grew up in freaking Haughville! Smh, sigh. If the mayor needs/wants "quality" Black Hoosiers who are NOT corrupt, give me a call — I know plenty. Land bank info here - http://www.kubepharm.com/indylandbank/IndyLandBank.html
Magician and illusionist!
The basic idea of nice apartments with parking and retail is a good one, but this design seems overwhelmingly big/tall for Broad Ripple. The size could be disguised a bit with lots of big trees/landscaping, but the complex is too massive to blend in easily. That section of canal between College and Westfield will also need to be upgraded on both sides. Nice apartments facing onto a nice promenade with shade trees/plantings could bring together the canal towpath/Monon recreation, the outdoor seating at existing restaurants, and this project into something that upgrades the whole area. A plan for the whole stretch makes more sense than facing nice new housing onto what looks like a ditch. Is there a plan? Does the public have input? Who pays? The apartment idea seems to be reasonable, but Whole Foods is not a good idea for appropriate retail. Besides the store being physically too big, there are already Fresh Market at 54xCollege and Whole Foods in Nora for fancy groceries. Good Earth and Kroger are within walking distance of the Shell site. There are at least 7 grocery stores within a safe bike ride. Whole Foods would add nothing but traffic congestion. This design is on the right track, but there needs to be more work done to ensure that it blends in with and enhances the existing community. A project that large will set a tone for that whole part of town. It could be a real asset, but only if done right.
I did not move to Zionsville to live in Carmel. This and the subsequent developments to follow will ensure a vanilla uniformity of strip malls and apartment buildings as we seek to bring our town down to the least common denominator. We were warned before recent elections that pro-development council members would make sure their friends (landowners and developers) would be able to make their millions off of the exploitation of Zionsville. Why in God's name would we sell out the best preserved small town in the State of Indiana?