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Sports Business
CHRIS KATTERJOHN Commentary: It's déjà vu all over again
February 5, 2007
CHRIS KATTERJOHN Commentary It's déjà vu all over again Every once in a while, I'm struck by the same-ness of things. My
last column was filed from Florida, as was last year's second column in January. This week's is being written upon my return
from a publisher's meeting in Puerto Vallarta, as was last year's first February column. That's a little scary. Is my life
getting to be that predictable? Remember my passport debacle from last year? This year in...
MoreArchitect of Colts' success worked his way to the top
February 5, 2007
Anthony SchoettleBill Polian, the multi-sport schoolboy athlete from the Bronx, never had the advantage of an inside track. So he broke into
the National Football League the only way he knew how: by outworking and outsmarting the competition. By all accounts, Polian,
64 and now president of the Indianapolis Colts, is still at it.
MoreEx-Baker & Daniels attorney a big wheel at Earnhardt Inc.
February 5, 2007
Anthony SchoettleAfter being named president of Charlotte, N.C.-based Dale Earnhardt Inc. Feb. 1, Indianapolis native Max Siegel, 42, is now
the highest-ranking minority executive in NASCAR.
MoreSuper Bowl win not necessarily profitable
January 29, 2007
Anthony SchoettleIf the Indianapolis Colts win the Super Bowl Feb. 4, team owner Jim Irsay will be going deep into his pocket. Contrary to
popular belief, winning the Super Bowl is not a huge financial windfall--at least not in the near term for the team and its
owner.
MoreSuper Bowl travel plans mix business, fun
January 29, 2007
Cory SchoutenSuper Bowl XLI has become a can't-miss event for dozens of local business executives and government honchos, who are shelling
out several thousand dollars apiece to watch the Feb. 4 game in person.
MoreSPORTS: Overdosing on the Colts? Enjoy it while you can
January 29, 2007
Bill BennerThat sport, and not religion as Karl Marx once declared, has become the "opiate of the masses" is apparent in our fair burg,
where we all-or at least most of us-are overdosing on the Indianapolis Colts. The TV types are in full hyper-ventilation.
The scribes are cranking out words by the thousands. No angle involving the Colts and their upcoming Super Bowl date with
Da Bears in Miami will go uncovered. And, yes, some of the story lines will be...
MoreSPORTS: AFC title game is a big event in a land of big events
January 22, 2007
Bill BennerThere is conjecture that the hosting of the AFC Championship game between the Indianapolis Colts and New England Patriots
is the biggest/greatest/most significant-choose your superlative-sports-related event in the city's history. That got me to
thinking. Is it greater than the 1911 Indianapolis 500, which led to the other 88 500s that, in their current form, generate
far more annual economic impact than even a Super Bowl? Is it greater than the 1946 Indianapolis 500, when Tony Hulman took
ownership of...
MoreIMS Productions joins Web video network
January 22, 2007
Anthony SchoettleIMS Productions, the Indianapolis Motor Speedway's video production arm, has agreed to be one of the primary content providers
for The Venice Project, a collaboration of big-name Internet entrepreneurs intent on shaking up the television industry by
launching a 30-plus-channel, TV-like network online.
MoreFUNNY BUSINESS: Forget Elvis on velvet; Art Bullies have other plans
January 15, 2007
Mike RedmondI've seen the picture of the proposed ginormous art installation for downtown, and I think I speak for many of us when I say
... Well, come to think of it, I better not say that, seeing as how many of us do not use that kind of language. In case you
missed it, here's the deal: There's a movement afoot to erect a large, circular, steel, Dairy Queen curlicue over at 11th
and West streets-a $10 million large, circular,...
MoreSPORTS: Nice Colts fans? That's OK-if they're loyal to team
January 15, 2007
Bill BennerIn the last couple of weeks, I've been interviewed by reporters from both the Kansas City Star and the Baltimore Sun. Both
were pursuing the same angle: Indianapolis as a pro football town vis a vis Kansas City and Baltimore, and support for the
notion that our citizenry in general and Colts fans in particular are "just too darn nice." My response to both was, well,
yes, our folks and fans are nice, but that's not necessarily a bad thing...
MoreSPORTS: Predictions-and wishes-for sports in 2007
January 8, 2007
Bill BennerLast week, I reviewed the ups and downs of Indy sports in 2006. Here's a look at what might transpire this year. I hope the
Indianapolis Colts make it to the Super Bowl. I want to see this not so much for the city and Colts fans-although it would
be great for both-but because I want to see Colts coach Tony Dungy recognized for the fine man he is without that "can't win
the big one" asterisk (same goes for...
MoreLabor sector diversification could spur local economy: $200,000 study targets finance, retail and construction
January 8, 2007
Peter SchnitzlerSexier industry sectors like life sciences or motorsports get all the press. But to remain robust, the Indianapolis Private
Industry Council believes, the area economy needs diversification. The 23-year-old work-force-training not-for-profit believes
the nine-county area also should target three tried-and-true industries: finance and insurance; retail, hospitality and restaurants;
and construction. IPIC, whose $9 million annual budget comes from public and private grants, plans to spend $200,000 during
the first quarter studying the three sectors, which collectively employ 270,000 people in...
MoreSPORTS: 2006 was a year of sports highs-and lows
January 1, 2007
Bill BennerWhat a mixed bag 2006 was. For every yin, there was yang. Yin: The Indianapolis Colts claimed home-field advantage in the
NFL playoffs. Yang: They then lost to the Pittsburgh Steelers when mouthy M i ke Va n d e r j a g t gagged on the gametyin
kick. Yin: The city hosted a simply extraordinary Final Four at the RCA Dome and welcomed to town a genuine Cinderella, George
Mason. Yang: The games were one-sided, and, speaking of...
MoreCHRIS KATTERJOHN Commentary: IBJ has big plans for coming year
December 25, 2006
This has been a strong year for your local business weekly. We take seriously our mission of providing readers with the best,
most in-depth coverage of local business, so it is with a sense of both pride and gratitude that I report on our most successful
year ever. Editor Tom Harton has called 2006 the Year of the Award. This year, IBJ won 18 news awards-eight of them gold-from
three different organizations. Our coverage was recognized nine times by our...
MoreSPORTS: Here are two opportunities to help our city's kids
December 25, 2006
Bill BennerAlmost a year ago, IBJ asked me to write a column that placed sports in an educational context. Obviously, I have great passion
for the topic, having spent my life writing about sports, those who play the games, and the lessons that can be learned through
participation. Sure, there are plentiful examples of excesses, and we certainly just had another in New York's Madison Square
Garden. But I maintain those incidents are not reflective of sports as a whole, any...
MoreIndians stock buyback raises more questions: Analysts say highest offer yet isn't high enough
December 25, 2006
Anthony SchoetleThe Indianapolis Indians saw attendance, profit and dividend payments shrink in 2006. But a recent stock buyback program launched
by the baseball franchise to boost the value of its shares is the biggest in the team's long history. Whether the offer price
is big enough is an open question. Market observers don't think so. With 799 shares outstanding when the buyback was announced
Nov. 16, the offer price of $15,329 per share put a $12.2 million price tag on the...
MoreStadium walkway carries $10M tab
December 18, 2006
Anthony SchoettleAn enclosed connector is set to be built, partly underground, that will link Lucas Oil Stadium to the soon-to-be expanded
Indiana Convention Center. It will span about a quarter of a mile and cost more than $10 million.
MoreSPORTS: Even a Knight detractor can find reasons to miss him
December 18, 2006
Bill BennerI have a close friend with whom I can discuss amicably any subject under the sun. Except one: Bob Knight. My pal considers
the hiring of Knight one of the greatest deeds in the history of Indiana University, and the firing of Knight one of its worst.
He believes former IU President Myles Brand is the devil and former Athletic Director Clarence Doninger was an incompetent
boob. My friend traces virtually all of IU's athletic and academic shortcomings to that...
More'Old fashioned' values manufacture Motionwear's growth: Acquisition should fuel leotard-maker's expansion
December 18, 2006
Peter SchnitzlerIt might seem as though the low cost of labor overseas has shifted the entire U.S. textile industry to Asia, never to return.
Indianapolis-based leotard-maker Motionwear Inc. proves otherwise. The 120-employee company was acquired this month by the
Italian sportswear firm FILA for an undisclosed sum and, as a result, it's poised to expand locally. Tom Wilson started the
company in his attic in 1988 because his daughter Erin, an aspiring dancer, couldn't find performance apparel she liked in
retail...
MoreTAWN PARENT Commentary: Have you noticed Indiana's new face?
December 18, 2006
When I stop and think about my own life, it doesn't seem so far-fetched. I went to lunch at a Chinese restaurant near my office
last week, and most of the people in line were Indian. Driving through my formerly whitebread neighborhood, I see buildings
painted in bold yellows and reds with signs saying, "Tienda Morelos," "Supermercado" and "Estetica Latina." My son's elementary
school celebrates Chinese New Year with a big parade and lessons about eating with chopsticks and keeping...
MoreSPORTS: Keady takes on a job much harder than coaching
December 11, 2006
Bill Benner"Nursing's a lot harder than coaching, I can tell you that," Keady, 70, said from his Tippecanoe County home, not far from
Purdue University where the basketball court in Mackey Arena bears his name. After 25 years on the Purdue sidelines in a storied
career that had almost everything except the storybook ending, Keady signed on last year as an assistant coach with the NBA's
Toronto Raptors. This year, Raptors management changed and his contract was not renewed. Just as...
MoreStrap maker hits right chord with guitar players: Action Custom Straps' products catch on thanks to attention from musicians
like Jimmy Buffett, Keith Urban
December 11, 2006
Scott OlsonThe guitar straps Terry Misner creates for musicians worldwide are the canvas for his artwork. In his specialty, though, the
tapestry is really soft leather he uses to combine comfort and custom designs for performers such as Jimmy Buffett and Keith
Urban. "It's like sewing silk rather than sewing canvas," he said. "You can rip through canvas in a hurry, but what would
you rather feel?" The 56-year-old Misner operates Action Custom Straps with wife, Dena, and daughter Nikki O'Neal....
MoreStewart helping promote Indiana to racing companies
December 11, 2006
Anthony SchoettleCity and state officials are igniting a souped-up effort to draw motorsports-related companies here, and they're enlisting
Hoosier-born NASCAR champ Tony Stewart to help drive their message home.
MoreCarving a niche outside Louisville: Hoosier Bat Co. finds success with Major Leaguers, amateur baseball players
December 11, 2006
Scott OlsonA three-piece wooden bat David Cook developed in 1989 became popular among professional baseball players, but ended up nearly
devastating his upstart manufacturing company. Major League Baseball banned the bat just a year later after what Cook contends
was a fierce lobbying effort from his largest rival, Louisville Slugger. The bat-made of ash, hickory and maple-is fused by
finger jointing and remains in use at the amateur levels. The durability of the bat rivals that of an aluminum model, Cook...
MoreCHRIS KATTERJOHN Commentary: Colts lover gets a new hero
December 11, 2006
I was quarterback for the Colts once. I was about 9 years old and I was playing pee-wee football at Meridian Street Methodist
Church. As all the kids gathered to be selected for a team on the first morning, I somehow finagled my way on to the Colts.
I had to, because the Baltimore Colts were my favorite NFL team at the time. My hero was Johnny Unitas, thought by some even
today to be the best quarterback ever to...
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In my opinion the estridge companies are crooks. They filed bankruptcy on their 'track housing' side of the business two weeks before they closed on one of my clients' homes. When my client first interviewed Estridge as a builder 6 months before, they specifically ASKED about the solvency of their business, knowing that some builders were struggling. Estridge truly misrepresented their financial situation at that time. I suppose I am more unhappy with the whole system than I am with the builder because what the heck==you can file bankruptcy on 'track homes' but still keep building and make money off of 'custom built' homes??? How ridiculous! They are all homes. How can a company be allowed to bilk thousands of dollars from their subcontractors but still be allowed to build houses?? they should have been made to pay back all their unpaid contractors before being allowed to profit from building any more houses! This alone makes them and the system crooks in my eyes. I would never build an estridge home and I would not recommend for my clients either. If they were truly 'bankrupt' how could they afford to keep building homes anyway??? The whole system needs fixed.
I live a couple blocks east of the Angie's campus and my house is assessed for ~$160,000. If I could get that amount, let alone $384,000 (a 140% bonus), I'd sell in a minute. Either Angie's stockholders just got fleeced, or Angie's is getting about a 58% discount on their property taxes, if these properties are actually worth what they paid Mr. Oesterle for them. Which do you think is the case?
Perhaps the IMA board is really to blame! They agreed to hire Charles. They can't seemingly find donors among themselves, or bring in new blood that will support the museums operating budget with an expanded museum and money to provide curators with something to do (ie buy art). The headlines of disarray at the museum and mass firings are hurting the reputation of the museum for some time to come. If people on the board had misgivings, perhaps they shpuld have more forcefully opposed efforts that they have seemingly been unable to fund, like expansion and the costs it has created!
See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.