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Environment
Trying 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,...
MoreECONOMIC ANALYSIS: Economy likely to purr on despite hurricane mayhem
October 10, 2005
Patrick BarkeyDid your company miss its earnings targets last period? Or did your household spend a little too much on your last vacation?
Or maybe you've just added a few extra pounds on your waistline recently. Then you should do what just about everyone else
is doing-blame it on Katrina. It seems as if every disappointing result in the economy is being blamed on the big storms that
have rolled in from the Gulf of Mexico in the last six weeks....
MoreEYE ON THE PIE: Is our child care 'industry' up to snuff?
October 3, 2005
Morton MarcusRecently, I have been part of a study for the Indiana Child Care Fund. It has been a learning experience. The first thing
I learned is that virtually nothing is known about child care. We do not really know how many child care facilities exist
in Indiana. Data from the U.S. Bureau of the Census suggest there are more than 16,000. However, fewer than 5,800 are licensed
or recognized by the state. In addition, there are informal child care arrangements...
MoreAre you prepared for DISASTER?: Despite warnings, many businesses fail to plan for the worst
September 26, 2005
Scott OlsonAre you prepared for Despite warnings, many businesses fail to plan for the worst Frank Hancock didn't have a disasterrecovery
plan when a tornado tore past his east-side printing company two years ago, causing $5 million in damage. Severe wind gusts
from the Sept. 20, 2003, storm shredded Sport Graphics Inc.'s 5-month-old warehouse and manufacturing facility and tore 13
1,800-pound air-conditioning units from the roof, dumping them on the parking lot below. One was never recovered. Amid the
mayhem that...
MoreTAWN PARENT Commentary: Big hankering for the Big Easy
September 26, 2005
Once you've lived in New Orleans, you never really leave. A part of you stays on. You don't feel quite whole again except
when you return. Then it's like regaining an appendage you had learned to live without, but suddenly realize how much you
have missed. Transfixed by events there over the past month, I have been missing that part of me I left behind in 1996 when
I drove a U-Haul north after three years as a reporter and...
MoreRETURN ON TECHNOLOGY: Logic puzzles not best way to grade techies
September 19, 2005
Tim AltomAll my life, wellmeaning people have tried to get me interested in chess. It's not like I don't know the game; I do. It's
just that it bores me. I tell them I'll take up chess when the rules are changed to allow the queen to conspire with the bishops
to have the knights assassinate the king. Most such games bore me. Card games, even poker, seem insipid. There's nothing at
stake but money, after all. Logic puzzles leave me...
MoreCity Market plans raising concerns: Coming renovations worry some tenants
September 19, 2005
Tammy LieberRenovation plans for City Market intended to boost sales at the downtown landmark have some tenants concerned about what it
will cost them. In early January, the market's management expects to begin work on $350,000 worth of lighting and flooring
improvements in the historic main hall. Tenants will be permanently moved, with preparedfood stands along the perimeter of
the building and retail stands in the center. And stands will sport a uniform look. Individual tenants will bear most, if
not...
MorePrivate high school set: Cristo Rey to open downtown with 46 companies behind it
September 19, 2005
Anthony SchoettleA private high school that relies on business participation, the first of its kind in Indiana, is set to open downtown in
the fall of 2006. A work-study program designed to help lowincome students pay for tuition and give them corporate work experience
is what will set Providence Cristo Rey High School apart from its private and public counterparts throughout the state. Corporate
sponsors said it will also give promising students a local business connection, which could help keep them...
MoreLibraries book on Plainfield duo's automation software:
September 19, 2005
-Tracy DonhardtRob Cullin and Rodd Cutler thought there must be a way to adapt their knowledge of factory-automation technology to libraries,
even though the two industries appeared worlds apart. Turns out, automation is automation, Cullin says. By developing the
right software, just about anything can be automated and made more efficient. Cullin, who had worked with Cutler for years,
was downsized by the company they worked for about five years ago, but wanted to keep his hands in technology. "I had...
MoreGiving office furniture a lift: Pointman Organizer provides users two desks in one
September 19, 2005
-Scott OlsonIt looks like an average, yet stylish, office desk. But press a button and a hutch automatically rises from the back, exposing
a flat-panel monitor, speakers, a printer and storage areas. Press the button again and the hutch descends, providing wide-open
work space. The desk is the first product available from upstart Arise Innovations Inc. Partners Tom Doane, 39, and Jeffrey
Hallal, 48, have a patent pending on the design and have sold production rights to Jasper based Inwood Office...
MoreInterest high for soon-to-be-shuttered foundry: Size, location make redevelopment promising
September 19, 2005
Tammy LieberWhen the workers at DaimlerChrysler Corp.'s Indianapolis Foundry clock out for the last time at the end of the month, they'll
leave behind 756,000 square feet of factory space, tons of equipment, and more than 52 acres of industrial land on the city's
west side. Rather than becoming a rusting industrial relic along Interstate 70, however, the buildings will be razed and real
estate experts expect the land will soon find a new use, albeit likely not for a factory....
MoreEYE ON THE PIE: Use property tax to boost investment
September 19, 2005
Morton MarcusI walked a little more than two miles recently on the Monon Trail. This probably surprises those who know me. But even the
most slothful will, on occasion, rise from the recliner and not go to the refrigerator. The Monon Trail runs from 10th Street
in Indianapolis to 146th Street in Carmel. That's about 20 miles. It follows the route the Monon Railroad abandoned in 1987.
It has been identified as a model for other rails-to-trails programs. The trail is...
MoreCan ride sharing retain your distant workers?: Companies look to car- and van-pooling to counter high gas prices that may
increase employee turnover
September 12, 2005
Chris O\'malleyMost concerned about higher commuting costs are employers on the periphery of Indianapolis, where there is little or no bus
transportation for workers who live in Marion County. "At some point, for an hourly worker, it becomes cost-prohibitive to
drive to Plainfield for work," said Kim Woodward, director of human resources for Brightpoint Inc. The wireless phone distributor
has a warehouse in the Hendricks County town that employs 611, plus about 100 contract workers. "Public transportation is
not readily available,"...
MoreVOICES FROM THE INDUSTRY: Efficient, tasteful design can help maximize productivity
September 5, 2005
Sandi KramerProductivity. Comfort. Longevity. While the old saying about location applies to most commercial real estate decisions, the
issues of promoting productivity, providing a comfortable working environment and choosing materials that last become preeminent
after the lease is signed. current space-is not something you do everyday. If you're part of a mid-sized or small business,
then it's highly likely that you're juggling real estate decisions at the same time you're trying to advance your business.
As a result of this pressure,...
MoreContractors work to resurrect historic church: Buggs Temple being rebuilt from inside out into entertainment venue
September 5, 2005
Tammy LieberWhen a team of developers took on the renovation of downtown's Buggs Temple in fall 2003, most windows in the historic church
were missing, the roof was riddled with holes, and much of the sanctuary floor was in the basement. Almost two years later,
it's difficult to gauge the progress of the project by sight. The floor is entirely gone, as are the balcony, the doors and
the few windows that remained. In that time, however, the building on West...
MoreECONOMIC ANALYSIS: Rising health care costs killing jobs and income
September 5, 2005
Patrick BarkeyMost of us have been in a doctor's office, and many of us have had conditions that require treatment. But few of us are likely
to hear any information presented on the cost of different treatment options along with their benefits, especially if we are
one of the 170 million people covered by employer- or governmentprovided health insurance. It is an amazing fact that nearly
$3 trillion of health care goods and services are ordered off a menu that has...
MoreVOICES FROM THE INDUSTRY: Proper stormwater management saves money in long run Property owners should consider alternative
methods for site development
September 5, 2005
Fred GreenTo save themselves from unforeseen trouble down the road, buyers of site-development and buildingdesign services would be
wise to consider the joint efforts of an experienced architectural firm working in tandem with an environmental consultant.
The reason is fairly simple: Architects are trained to have knowledge in so many diverse and ever-changing subjects that the
singular expertise of an environmental consultant can provide significant support in an area still quite new to many designers.
While working with restrictive rules and...
MorePervious concrete usage expected to rise in Indiana: Product touted as friendlier to environment, developers
September 5, 2005
Tracy Donhardtreporter"That's called bioaugmentation," said Pat Kiel, executive director of the Indiana Ready Mix Concrete Association. "Concrete
science meets bioscience." Nearly 90 percent of pollutants are typically carried by the first 1-1/2 inches of a daily rainfall
into rivers and streams, according to the U.S. Environmental Protection Agency. The EPA requires that the first threefourths
of an inch of rain each day be maintained on site until treated. Typically, most of that water, which includes "first flush"
contaminants, is collected in...
MoreBEHIND THE NEWS: Here's a Blues performance that won't get you down
September 5, 2005
Greg AndrewsAnthem Inc.'s $1.9 billion initial public offering in late 2001 set all kinds of records. It was the biggest IPO for a U.S.
health care company ever, and the biggest IPO for a Hoosier company of any kind. But that company, now known as WellPoint
Inc., was puny compared with its size today. Then, it had a market value of $3.9 billion; now, thanks to acquisitions and
a surging stock price, it's worth $45 billion. WellPoint shares were trading last...
MoreVOICES FROM THE INDUSTRY: The world might be flat, but construction costs aren't
September 5, 2005
Don AltemeyerFor the most part, construction has been a local story, a story about local workers building buildings in our community. But
the story isn't so local anymore. Global economic forces have begun to intersect with local issues at the construction site.
The result: a significant and ongoing increase in construction costs across central Indiana and the rest of the United States-an
increase that shows no signs of slowing. Through the first quarter of 2004, construction costs increased at a calm...
MoreArchitects from 3 states to showcase work at event: City welcomes AIA's Ohio Valley Region convention
September 5, 2005
Tracy DonhardtreporterThe convention kicks off with a shotgun golf outing Sept. 14 at Pebble Brook Golf Club. After golf, attendees can tour five
downtown architectural firms. Workshops that begin the next day will follow three tracks of programs-design, community projects
and professional development, Kunce said. They will cover a variety of topics including starting a practice, building code
requirements, civic initiatives and design- About 250 architects from Ohio, Kentucky and Indiana will converge downtown Sept.
14-17 when Indianapolis hosts the American...
MoreEthanol fuel pumps may debut here by '06: Still no place for the masses to buy E85, despite interest in the alternative to
gasoline
August 29, 2005
Chris O\'malleyEven though Indiana is one of the nation's biggest growers of corn-the key ingredient in cheaper-than-gasoline ethanol-not
a single ethanol pump is available to the average motorist in the Indianapolis area. That twisted irony in a day of record
gasoline prices may soon be no more, with a handful of central Indiana gas stations likely to start offering an ethanol alternative-known
as E85-by yearend, according to proponents of the fuel. "I hope by Christmas to have a couple in the...
MoreCleaner diesel fuels growth at southeast-side factory: Former International Harvester plant is a star for Chicago-based parent
Navistar International Corp.
August 29, 2005
Anthony SchoettleWorkers at the once-beleaguered International Truck and Engine Corp. plant on the city's southeast side are thinking expansion
following a $300 million plant upgrade and word of an aggressive 2006 marketing campaign designed to clean up the public image
of diesel engines. Improvements to the 1.1-million-squarefoot Brookville Road facility were necessary to meet U.S. Environmental
Protection Agency mandates for diesel engines set to take effect in 2007, but the plant's future seems secure well beyond
that. The local subsidiary of...
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First, let me say that I love the idea of communities being self-sufficient and people in the community not needing cars, living, working and shopping all in their neighborhood. To sum it up; I love good urban planning and hate urban sprawl. However, there are two reasons that I am against this development. First, this building doesn't fit. Density can occur in Ripple by building up top the street and better use of land. The scale of this project should be downtown. Secondly, I would be willing to bet that if a whole foods in Ripple is built, the Nora store would be closed. Here's my reasoning. The Nora Whole Foods expansion plans have been put on hold. I'm guessing they are waiting to see what happens with the Ripple proposal. Communities next to each other should work together to end sprawl and not work against each other and take other neighbors assets. Develop something both communities can be proud of and will attract more development and density. There's my soap box for the day.
My apologies, Lou - it was the Indy Star that printed cost for entertaining "celebrities" during Indy 500. Sorry for confusing the always timely IBJ with Indy's Gannett reprint news source.
That's fine if you want a grocery store that has festivals and live music. I guess with the prices they charge, they can afford to host such activities. As for me, I choose to spend my money more wisely and if I want to go to a festival or a concert, I will pay for that separately - not through my grocery bill.
TIF is not just to attract development but to attract a higher use for that development. Carmel wisely is using TIF for numerous public parking garages. Asphalt seas of parking pay little taxes and bring even less value to a commercial area. Also density is what is going to save Indy and Broad Ripple. The days of trying to compete with burbs are long gone.
The Prestige was an awesome movie.