Sports Business

Colts build reputation for mastering salary capRestricted Content

August 20, 2007
Anthony Schoettle
The Indianapolis Colts lost a slew of popular players in the off-season who were key to the team's Super Bowl run. The defections--though unusual for a championship team--were business as usual for a franchise that has gained a reputation around the league for its bold personnel moves.
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SPORTS: Plenty to chew on for sports fans of every stripeRestricted Content

August 20, 2007
Bill Benner
You leave town for a little vacation, but that doesn't mean the world of sports is going to stop spitting out news. Therefore, thoughts about this, that and the other while I was away: News item: Barry Bonds breaks Henry Aaron's home run record. Thought: Yawn. I ceased to care long ago. Major League Baseball has gotten what it deserved for ignoring the steroid issue for so long. News item: Tiger Woods wins his fourth PGA Championship, his second in...
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An update on three women-owned startups: Innovative ideas lead to business expansionRestricted Content

August 13, 2007
Invoke In addition to the yoga and pilates classes offered at Invoke, owner Amy Peddycord has added clothing from Lululemon, a popular Canadian apparel brand. She also has established a relationship with Santa Monica, Calif.-based Yoga Works, which has 14 studios throughout California and New York. Yoga Works will lead a teacher training program at Invoke in 2008. Peddycord says hiring an office manager in 2006 was the best thing she's done. "Nicole [Schoville] quickly grew into the role and...
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SPORTS: Star athletes say the craziest things (or do they?)Restricted Content

August 13, 2007
Bill Benner
Ah, another day, and another kick in the teeth for the Indiana Pacers. Back to the oral surgeon. The kind word for the Pacers' Jermaine O'Neal would be disingenuous. Either that, or it's a gaggle of reporters whom O'Neal wants us to believe either fictionalized or took several quotes "out of context"-don't you love that fallback phrase?-last weekend in Los Angeles, where O'Neal said (or didn't say) he wanted to be traded to the Lakers and was critical of Pacers'...
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PROFILE THERESIA WHITFIELD: Changing direction after life-altering crisis Former CNN producer follows path to healing, new career after overcoming post-traumatic stressRestricted Content

August 13, 2007
Della Pacheco
Whitfield, owner of Indianapolis-based Fletcher Communications Inc., was a freelance television news producer working for CNN, Reuters News and the Christian Broadcasting Network's news division in Washington, D.C., when American Airlines Flight 77 crashed into the Pentagon. Four years later, Whitfield crashed emotionally and was hospitalized suffering from posttraumatic stress disorder. The daughter of a retired Army officer, Whitfield, 39, had moved many times as a child before settling in Columbia, S.C. She graduated from high school in 1986, but...
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Fantasy football leagues concern employersRestricted Content

August 13, 2007
Anthony Schoettle
The kickoff of the National Football League season this month has many central Indiana employers fearful that fantasy will encroach on reality. The fretfulness revolves around the start of the fantasy football season, where fans draft real players onto make-believe teams and track their individual performances via organized Web sites.
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Fieldhouse must fend off Louisville arena rivalRestricted Content

August 13, 2007
Anthony Schoettle
Although the opening of a 22,000-seat arena in Louisville is still three years away, officials here are already bracing for a raid on Indianapolis and Conseco Fieldhouse events. Several Indianapolis interests will be watching Aug. 20 as the Louisville Arena Authority unveils designs for the arena along the Ohio River.
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SPORTS: There's still time to savor a championship seasonRestricted Content

August 6, 2007
Bill Benner
The Indianapolis Colts are back at it, and with their arrival in Terre Haute (which is French for "terribly hot") comes the first round of predictions. Will they or won't they back up their Super Bowl championship? Hey, we'll all find out in the dead of winter, not the heat of summer ... how's that for not being either bold or profound? But words in the first week of August are just so much blah, blah, blah. So, too, as...
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BEHIND THE NEWS: Tightening credit markets cast shadow over megadealsRestricted Content

August 6, 2007
Greg Andrews
Almost overnight, the nation's lending climate has tightened dramatically, and the timing couldn't be worse for two Indianapolis companies. A pair of private equity firms are trying to line up billions of dollars in debt financing to complete their $5.6 billion purchase of locally based Allison Transmission from General Motors Corp. Meanwhile, locally based Finish Line Inc. plans to rely on debt to pay nearly the entire cost of its $1.5 billion acquisition of Tennessee-based Genesco Inc. Those deals still...
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One motorcycle race gained, thousands of seats lost: Speedway officials think revenue from MotoGP race will make up for Indy 500 and Brickyard 400 lossesRestricted Content

July 30, 2007
Anthony Schoettle
The changes to the Indianapolis Motor Speedway's road course to accommodate motorcycle racing means the track's operators will forfeit around $500,000 annually in ticket revenue for the Indianapolis 500 and Brickyard 400. Due to modifications just south of pit road and directly north of the oval's first turn, several thousand seats on the inside of the first turn will be removed after this year's Brickyard 400. Work to prepare the track for next year's MotoGP motorcycle race-which includes laying 13,300...
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SPORTS: Awaiting a tainted 'greatest' moment in sportsRestricted Content

July 30, 2007
Bill Benner
Do the words "integrity" and "sports" belong in the same sentence? Worse, does anyone care? By the time you read this, Barry Bonds, a Giant in uniform but hardly a giant of a man, may have become baseball's alltime home-run king. His inexorable pursuit of Henry Aaron's magical mark of 755 has been well-documented. So, too, has been the overwhelming evidence implicating Bonds as a user of steroids. Thus, what should be one of baseball's greatest moments is instead one...
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VIEWPOINT: Indy a home run for College World SeriesRestricted Content

July 30, 2007
Joe Goode
As I sat last month enjoying my first College World Series week in Omaha, Neb., an evening game between the North Carolina Tarheels and the Rice Owls, it became clear to me that this nationally u n d e r a p p r e c i a t e d event would be perfect for Indianapolis. Or better said; Indianapolis would be perfect for the College World Series. Now, before CWS purists begin to chant "57 years!" "57 years!,"...
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THE TRAVELING LIFE: Start traveling now before it's too late

July 30, 2007
Frank Basile
On an Ambassadair trip to Athens, Greece, in 1987, one of the tour members suddenly got up from the breakfast table, saying he had to hurry to a class he was teaching that morning. After he left, his wife explained to the puzzled group that he had Alzheimer's disease, which was diagnosed the year before his retirement in 1986. She said wistfully that they had saved their money so that they could travel after he retired from his job as...
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Strides taken in life sciences, experts say: Industry panel: Thanks to ongoing efforts, Indiana has experienced serious progress as biomedical hotbed during last 5 yearsRestricted Content

July 23, 2007
Five leaders of Indiana's life sciences industry offered their perspectives at the Indiana Convention Center June 26 as part of the Indianapolis Business Journal's Power Breakfast Series. The panelists: Mike Arpey, managing director of global investment bank Credit Suisse's Asset Management Division and manager of the $73 million Indiana Future Fund for BioCrossroads, the state's life sciences economicdevelopment initiative. Ron Ellis, co-founder, president and CEO of Lafayettebased Endocyte Inc., a biotechnology company focused on the treatment of cancer through receptor-targeted...
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SPORTS: A race with half the wheels could be twice as funRestricted Content

July 23, 2007
Bill Benner
On July 16, I followed a caravan of about 200 motorcyclists from downtown to the Indianapolis Motor Speedway. As I climbed out of my car in the IMS parking lot, I heard AC-DC's "Hell's Bells" blasting through the loudspeakers. Just another reminder it's not your father's Speedway anymore. More to the point, it's not Tony George's grandfather's Speedway anymore. Think about it. No sooner than George and his IMS team bid adieu to Formula One, they said hello to MotoGP,...
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RETURN ON TECHNOLOGY: Chew-and-view eateries do not make a happy mealRestricted Content

July 23, 2007
Tim Altom
Who asked for televisions to be installed in every restaurant in central Indiana? I've been to a lot of them, standing in lines, overhearing conversations with wait staff, chatting with the bartender, and never once, not a single time in my whole life, did any customer ever say anything like, "You know, what this joint really needs is a TV!" I can understand places where you'd expect to find TVs, and indeed where you go to watch TV on special...
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Retailer's growth plan boon for Plainfield facility: Dick's Sporting Goods' strategy to expand west will push inventory through local distribution centerRestricted Content

July 16, 2007
Anthony Schoettle
Dick's Sporting Goods' aggressive nationwide growth plan will mean about 400 new jobs at the retailer's Plainfield distribution center, industry experts said. Last month, Pittsburgh-based Dick's rolled out a plan to grow from 309 stores to 800 nationwide within seven years. The plan includes growing from zero to 90 stores in California, two to 60 in Texas, and two to 40 in Florida. "Their expansion plans are so aggressive, they're eventually going to have to open another distribution center, but...
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SPORTS: Tennis tourney healthy but needs a new homeRestricted Content

July 16, 2007
Bill Benner
A significant Indianapolis sporting event with international appeal is preparing to celebrate its 100th anniversary in 2011. The Indianapolis 500? Well, yes, that too. Far less-wellknown and recognized is that the origins of elite-level competitive tennis in Indianapolis also date back to just after the turn of the century ... the last century, that is. Records show that the Western Tennis Championships, which led to the U.S. Clay Court Championships, which led to the U.S. Hardcourt Tennis Championships, which led...
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Luring MotoGP may ease hit to Speedway if F1 departsRestricted Content

July 9, 2007
Anthony Schoettle
Bringing MotoGP--the world's highest level of motorcycle racing--to the Indianapolis Motor Speedway could easily draw more than 150,000 spectators and net an eight-figure windfall for track owner Tony George.
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SPORTS: Pan Am Games was 'coming out' party for cityRestricted Content

July 9, 2007
Bill Benner
Twenty years ago, Indianapolis was preparing to take on the world. Or at least half of it. It was a month before the 10th Pan American Games. In my lifetime, I do not recall many times-if any-when there was such a feeling of collective effort. This wasn't a city rooting for a team, like the Pacers or the Colts. This was a city rooting for itself to pull off this mammoth undertaking, to show not just the country, but the...
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Commentary: We can learn some things from TurkeyRestricted Content

July 9, 2007
Tom Harton
Turkey isn't high on the list of countries Americans visit. Tell friends you're going to France and they congratulate you. Tell them you're going to Turkey, and they ask why. They might follow the why with a reference to the movie "Midnight Express," a 1978 film about an American's nightmarish experience in a Turkish prison. Midnight Express had such a negative effect on Americans' perceptions of Turkey that the man who wrote the book the movie is based upon recently...
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Lilly rescues tennis tournamentRestricted Content

July 2, 2007
Anthony Schoettle
A major sponsorship upgrade by local drugmaker Eli Lilly and Co. and a quartet of new corporate partners has helped the Indianapolis Tennis Championships stem its losses after the departure of its title sponsor.
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PROFILE: Georgetown Chiropractic Clinic PC: Demand spurs chiropractor to grow clinic Massage, Pilates, yoga classes round out northwest-side practiceRestricted Content

July 2, 2007
Jo Ellen
P RO F I L E Georgetown Chiropractic Clinic PC Demand spurs chiropractor to grow clinic Massage, Pilates, yoga classes round out northwest-side practice If life gives you a pain in the neck, chances are you've sought relief from a specialist at working out the kinks-like Georgetown Chiropractic Clinic PC. Chiropractic use has tripled in the last two decades, according to research published in the Annals of Internal Medicine. To accommodate some of that growth locally, Georgetown Chiropractic has doubled...
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ECONOMIC ANALYSIS: Long spoiled by low rates, nation now faces increaseRestricted Content

July 2, 2007
Patrick Barkey
It wasn't long ago that writing an economic analysis column meant-surprise-that you analyzed the ups and downs of the economy. And if you came of age in the 1960s and '70s, there were plenty of ups and downs to keep track of. Volatility in just about everything was higher then, with strikes, inflation and more frequent recessions the order of the day. And even though that environment has changed remarkably since the mid-'80s, the habit of peering at the data...
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SPORTS: How much will we pay to watch IU, Purdue?Restricted Content

July 2, 2007
Bill Benner
It read, "The hurrier I go, the behinder I get." That's the way I feel about technology. For every step I take forward, I fall two behind. A couple of weeks back, my trusty home laptop computer broke down. So, nearly, did I, especially as I pitched myself into the world of repair (it could've been fixed, but it was price-prohibitive) and then into retail (did the salespeople notice how my eyes glazed over as they launched into their wi-fi,...
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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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