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Environment
EYE ON THE PIE: Security depends on flexibility, not stability
December 12, 2005
Morton MarcusIn one word, what do we want? I suggest that word is security, physical and financial security. We want to live without fear
for our lives or our livelihoods. The atrocities of 9/11 made Americans more fearful about their physical security than they
had been since the early days of World War II. Our economic condition feels insecure as jobs drift to other nations, as health
care costs soar, and as both public and private pension plans are threatened. To...
MoreUtility customers to receive millions of dollars in credits: Tentative agreement with PSI would settle disputes, compensate
ratepayers for risks related to merger
December 12, 2005
Chris O\'malleyPSI Energy Inc. has reached a preliminary settlement with the state's utility consumer counselor on how its 750,000 Indiana
ratepayers will fare under the merger of parent Cinergy Corp. with Duke Energy. Details of the agreement aren't ready to be
released, said Angeline Protogere, spokeswoman for the Plainfield-based utility. But filings both sides made last month with
the Indiana Utility Regulatory Commission suggest that ratepayers could receive credits on their bills 21 percent greater
than previously estimated by PSI. The...
MoreEYE ON THE PIE: WestClay, prepare for some competition
December 5, 2005
Morton MarcusU.S. 20 is one of our lesser-known t r a n s c o n t i n e n t a l highways. It starts at the Boston Commons, about two miles
from the Green Monster of Fenway Park. The route then winds west to a few blocks from the Pacific Ocean at Newport, Ore. U.S.
20 runs through Yellowstone National Park in Wyoming and such cities as Albany, N.Y.; Erie, Pa.; Toledo, Ohio; Rockford, Ill.;
Sioux City, Iowa;...
MoreBULLS & BEARS: Slowing inflation may mean good news ahead for stocks
November 28, 2005
Dave GilreathDespite natural disasters, war and oil shocks, the U.S. economy has had a good year, with the gross domestic product posting
growth of 3.8 percent. Corporate profits will grow this year at a doubledigit rate. And yet the U.S. stock market, as measured
by the Dow Jones industrials, has done next to nothing. Here's one big reason: fear of inflation. It's slowed the economic
sprint and caused investors to reach for their worry beads. We all know Alan Greenspan has...
MoreIndustry races to promote itself: Statewide motorsports group hopes to thwart competition from other U.S. markets
November 28, 2005
Anthony SchoettleArea motorsports leaders are gearing up for another run at unifying the industry and assuring the region retains its status
as one of the world's leading motorsports markets. Organizers of the latest effort promise they won't spin their wheels this
time around. They're casting a wider net-going statewide with a motorsports association-to attract more members and build
more clout with the media, local and state lawmakers, and service providers, such as banks and insurance companies. The Indiana
Motorsports Association Inc....
MoreVIEWPOINT: Choosing judges: If process isn't broken ...
November 28, 2005
Jon LaramoreAs the 2006 legislative session approaches, the business community should urge the General Assembly not to resurrect proposals
to change appellate judicial selection it considered last session. These proposed changes are misguided because Indiana's
system has worked well to build an appellate judiciary we can be proud of. The proposed changes work against the predictability,
stability and sophistication necessary to ensure an appropriate judicial climate, and Indiana's business leaders should oppose
them. Although last session's measure may not come up...
MoreVOICES FROM THE INDUSTRY: What's protected in United States may not be elsewhere
November 28, 2005
Amie PeeleGlobalization It's a buzz word and opportunity; a blessing and a curse. The shrinking global marketplace can help jump start
companies that learn how to navigate the morass of regulations and potential pitfalls regarding the protection of intellectual
property and personal and business information outside of the United States. But compliance with U.S. laws regarding trademark,
patent, privacy and other areas does not necessarily equal compliance in other countries. Successful U.S. companies can find
themselves facing uphill battles if they...
MoreECONOMIC ANALYSIS: State economy looks good, but clouds are on horizon
November 21, 2005
Patrick BarkeyIt's the time of year to get out our crystal balls and ask this deceptively simple question: What kind of year will 2006 be
for the Indiana economy? This year, like any other, finds us making lists of what's going right, and what's going wrong, in
our economic environment. Let's start with the good news. It may surprise some of you to know there is plenty to choose from.
Topping the list has to be the surprisingly robust health of...
MoreRallying around charity: Local event teaches next generation the value of giving
November 21, 2005
Tracy DonhardtWoodard's two eldest children, Taylor and T.J., check in new arrivals as other family members slap vinyl decals on the cars
lining up along Bearcat Alley for this year's Van Riper Woodard Family Foundation charity road rally. Finally, at precisely
8:56 a.m., Woodard waves the green flag for the team from public broadcaster WFYI, which drew the pole position. The other
teams depart one by one, every 60 seconds. For the next eight hours, the competitors will make their way...
MoreIndy's Wright of passage?: Conrad's renowned chef could beef up city's culinary reputation
November 21, 2005
Matthew Kish"It gives [Indianapolis] a big-league chef," said John Mariani, food and travel correspondent for Esquire magazine, when asked
about Wright's arrival. "It's about time a city like Indianapolis has a restaurant of this caliber." Wright left the kitchen
at the Windsor Court Hotel in New Orleans after Hurricane Katrina. He and his wife, Delia, an executive with a restaurantproducts
distributor, chose Indianapolis partly because she has business contacts here. Jonathan is accustomed to pleasing an eclectic
range of diners. He...
MoreSometimes hot growth is not a good thing: Study to explore how to cut cooling expenses
November 7, 2005
Chris O\'malleyThe definition of an "urban heat island" in Indianapolis would be incomplete if limited to, say, the hot air emanating from
the Statehouse during the session. To Qihao Weng, an urban heat island refers to how an entire city remains up to 10 degrees
warmer than the surrounding countryside. The Indiana State University associate professor of geography has launched a study
to learn just how Indianapolis' concrete jungle heats up in warm-weather months and by how much. His study funded...
MoreOmnicity making inroads among the dirt roads: Rural areas served by wireless broadband provider have grown nearly six-fold
November 7, 2005
Chris O\'malleyAn Indianapolis company that provides wireless broadband service from atop grain elevators, water towers or darned near anywhere
the warbler roosts is expanding at a rapid clip and plans to launch Internet-based phone service in early 2006. Omnicity Inc.
also plans another private offering to raise cash for its ambitious build-out in rural areas that are underserved by high-speed
Internet providers. Improving broadband access has economic development implications in Indianapolis' remote bedroom communities
and throughout sparsely populated areas. Now, even...
MoreBULLS & BEARS: Furniture-maker Kimball may be solid investment
November 7, 2005
Ken SkarbeckIt can take a while to rein in investor expectations after a time like the high-return 1990s. As Jeremy Grantham of Grantham
Mayo Van Otterloo notes in his quarterly letter, "Even today, with long bonds at 4.5 percent and the earnings yield (on stocks)
at under 5.5 percent, the assumption for longterm pension returns is still showing its bullish bias at over 8 percent." So
what does an investor do in an environment that requires more humble expectations for investment...
MoreVOICES FROM THE INDUSTRY: Putting construction, engineering into laymen's terms
November 7, 2005
Fred J.Sometimes those of us in the construction industry-like many other professions-forget we have our own technical vocabulary
that many laymen simply don't understand. Like some of my colleagues, I have occasionally started tossing around the lingo
of our industry before business and civic leaders from other fields and have seen the confused look that comes over their
faces. I have to stop and define my terms. With that situation in mind, I thought it might be helpful to put together...
MoreVOICES FROM THE INDUSTRY: It's high time for us to seek alternative energy sources
November 7, 2005
Don AltemeyerThe Ghawar oil field is the jewel of the Saudi treasure chest. Sometimes called "The King" because of its oil production,
this field has yielded more than 55 billion barrels of oil since the early 1950s-more than half of all Saudi oil exports.
Today, it still produces about 5 million barrels of oil each day, or about 6 percent of the world's daily supply of petroleum.
But all's not well at Ghawar. In August, The New York Times Magazine featured...
MoreMuseum deemed Monumental: Expansion project earns two design firms top award
November 7, 2005
Staff ReportIndianapolis-based firms Fink Roberts & Petrie Inc. and Browning Day Mullins Dierdorf Architects won the Monumental Award
for their work on the Indianapolis Museum of Art expansion project. The 28th annual A Monumental Affair was set to take place
Nov. 3 at the Indiana Roof Ballroom. The awards recognize excellence among those who have contributed to the enhancement and
beautification of Marion County through the built and natural environment. Local non-profit organization Keep Indianapolis
Beautiful Inc. leads the Monumental Affair...
MorePLAN OF ATTACK: Anderson's leaders are working to exorcise the ghosts of GM
October 31, 2005
Anthony SchoettleFour miles and decades of history separate the Anderson exits along Interstate 69 northeast of Indianapolis. Empty General
Motors Corp. plants-as much a thing of the past as single-class basketball-cast ominous shadows at Exit 26, once Anderson's
front door. To the west, closer to Indianapolis, is Exit 22 and the trappings of the future: millions of dollars in new infrastructure,
a new business park, and the state's largest business incubator-tools Anderson officials think they need to turn this rust-belt
poster...
MoreECONOMIC ANALYSIS: State's economy humming, so why do we feel gloomy?
October 31, 2005
Patrick BarkeyThe days are shorter, the temperatures are colder, and the leaves are falling off the trees. For most normal people, that
means it's time to start carving pumpkins, planning for holidays, or even watching the World Series. But for economists, it
means something else entirely. It is the beginning of forecasting season. It's a time when organizations of all kinds are
thinking about what they can expect in the coming year. For most of us, the state of the economy...
MoreIndustry: Let's build minority business: Construction consortium working on diversity
October 31, 2005
Tammy LieberA consortium of some of central Indiana's biggest players in construction has set its sights on improving minority involvement
in the $8-billion-a-year industry. The Indiana Construction Roundtable, an organization made up of some of the biggest users
and providers of construction services, on Oct. 12 approved a diversity outreach initiative. The ambitious plan aims to increase
minority participation in the construction industry by rewarding contractors who support education and training, employ minorities
and women, and mentor small minority- and women-owned...
MorePublic markets are sometimes a double-edged sword: Many companies enjoy access to capital, but others complain regulatory
compliance costs are just too high
October 31, 2005
Peter SchnitzlerFor young and growing companies, initial public offerings are a bit like climbing a mountain: a long, harsh toil to reach
a distant summit. But planting a flag at the peak isn't enough. To make the journey worthwhile, companies must stay there.
The payoff can be enormous, in the form of ready access to capital. But operating at such a high altitude requires careful
footing. And the effort costs more than some can afford. "It's a double-edged sword," said George...
MoreEYE ON THE PIE: Time to realign taxes with services
October 24, 2005
Morton MarcusMany folks want to get rid of property taxes. They think property taxes are o l d - fa s h i o n e d , although most who think
so have not thought through the issue. These property-tax abolitionists want to use income or sales taxes, which they contend
are more "fair," whatever that means. They forget that one aspect of "fairness" is to relate taxes to services received. This
is called beneficiary taxation. An example of beneficiary...
MoreKipps Brothers still evolving after 125 years
October 24, 2005
Candace BeatyWalk through the Kipp Brothers showroom and you’ll find the makings of one heck of a birthday celebration: gag gifts
galore, endless sugary treats and headgear that puts the traditional party hat to shame.
MoreTrying to strike oil in public markets: Indianapolis-based Calumet Specialty Products files for IPO, hopes to raise $140 million
October 17, 2005
Tom MurphyAn Indianapolis-based oil company with ties to a wealthy local family plans to go public in what analysts describe as a hot-butvolatile
market. Calumet Specialty Products Partners LP wants to raise $140 million by selling 6.4 million units at an expected price
of $22 each, according to papers filed this month with the U.S. Securities and Exchange Commission. Calumet has been part
of the private business empire of the Fehsenfeld family, which 35 years ago founded Heritage Environmental Services, a...
MoreTOM HARTON Commentary: Luring people with bricks, mortar
October 10, 2005
A parking garage is about to rise on a vacant lot at 120 E. Washington St. It's ironic that a block or so west of the site,
a group of architects, city planners, real estate developers and leaders of the city's arts movement meet on a regular basis
to plot against such garages. The garage in the works isn't just any garage. In its current design, which is yet to be approved,
it's only a garage. No ground-floor retail. Just...
MoreBacking home again: CID changes out-of-state course, invests $50M in Indiana
October 10, 2005
Peter SchnitzlerIndiana's flagship venture capital firm has changed direction. Often criticized for not investing frequently enough within
state lines, CID Equity Partners over the last five years has quietly put nearly $50 million to work in 10 Indiana companies.
In the decade before, CID invested in just a half-dozen local deals. And after struggling to weather the 2001 recession, CID's
managers believe the wind is finally at their back. Three years ago, massive losses threatened to sink the firm. Since then,...
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First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.
I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.
Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??
On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.
It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.