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Sports Business
Colts, Tribune sign deal to air shows on WXIN: WISH makes own adjustments in wake of change
May 29, 2006
Anthony SchoettleThe Indianapolis Colts have signed a two-year deal with Tribune Co., moving the team's two television shows from Lin TV Corp.'s
WISH-TV Channel 8 and WNDY-TV Channel 23 to Tribune's WXIN-TV Channel 59. "The Bill Polian Show" will air 10:30 p.m. Saturdays
starting this fall, and "Colts Up Close" will air Fridays at 11:30 p.m. To beef up its Colts affiliation, local Tribune officials
also are working independently on a Colts post-game show, which will air on WXIN sister station...
MoreSTAYING POWER: Bryant in sixth decade as racing sponsor at Brickyard
May 22, 2006
Anthony SchoettleWhat started as a few-thousand-dollar investment to put a company logo on Eddie Johnson's 1958 Indianapolis 500 car is now
a year-round marketing commitment for Bryant Heating & Cooling Systems, valued in the annual mid-six-figure range, to sponsor
an Indy Racing League team for the entire season. For 48 years, Bryant's logo has adorned the sidepod of an open-wheel race
car at the Brickyard, as the company has increasingly used the race-and later the entire IRL series-in its marketing and...
MoreECONOMIC ANALYSIS: Good transportation paves the way for strong economy
May 22, 2006
Patrick Barkey"Like it or not," noted author Richard Florida opined as he looked out over a crowd that recently gathered in Indianapolis
to discuss economic development issues in central Indiana, "you are all part of the greater Chicago region." That might come
as news to you who pay taxes, follow sports, or subscribe to a newspaper. But the point is well made. In the larger scheme
of things-the so-called Shanghai perspective one would take in looking at our economy from the...
MoreSPORTS: Justin Gatlin is a fast fix for USA Track and Field
May 22, 2006
Bill BennerShortly thereafter, he was on his way to Indy to promote the upcoming AT&T USA Track & Field Outdoor National Championships.
The event takes place June 21-25 at the Michael Carroll Stadium at IUPUI, and it's the result of Indybased USA Track & Field's
initiative to bring more of its events to its hometown. Talk about good timing. Track and field's national profile needs a
between-Olympic-years boost and track and field locally-the kind that used to electrify this city back...
MoreStadium architect beats 'dark horse' status: Experience with other sports arenas wins HKS first pro football project
May 22, 2006
Scott OlsonThe imprint HKS Inc. will leave on the city with its design of the new Indianapolis Colts stadium will reshape downtown for
years to come. But the high-profile project is also significant for the Dallas-based architectural firm because it represents
the first time HKS has designed a professional football arena. Any questions the selection team might have had about the firm's
credentials were quickly put to rest, however. "[They] came and visited and said, 'When you guys start looking for...
MorePROFILE: Complexions Day Spa: Downtown day spa has glowing business Irvington native focuses on organic products, attracts
clients from entertainment, sports scenes
May 15, 2006
Jo EllenComplexions Day Spa Downtown day spa has glowing business Irvington native focuses on organic products, attracts clients from
entertainment, sports scenes Trinia Cox's venture builds on a 10-year career in skin care and makeup artistry with stints
in Chicago and Los Angeles. And the location of Complexions Day Spa on Massachusetts Avenue was a good fit with her background
in the arts, including gigs as a singer with Dr. Bop and the Headliners and her own group, Trinia and the...
MoreSPORTS: Fixture on local sports scene continues 42-year run
May 15, 2006
Bill BennerSince he nearly died a couple of months back, now is probably a good time to write something about my friend, Bill York. After
all, I'd at least like for him to be able to read it. York is one of those behind-the-scenes folks who gives Indiana a good
name. To the local and national sports media, he personifies Hoosier Hospitality. For years, York has directed the media room
operations at the Indianapolis Motor Speedway, Conseco Fieldhouse (Market Square Arena...
MoreDaniels seeks to copy key-clusters strategy: Industry initiatives would mimic BioCrossroads plan
May 15, 2006
Peter SchnitzlerIf imitation is the sincerest form of flattery, BioCrossroads has been vindicated. Gov. Mitch Daniels hopes to see a series
of similar industry initiatives sprout around key clusters in Indiana's economy. He envisions parallel initiatives for manufacturing,
transportation and logistics and a series of other crucial business sectors. "We'd love some company," said BioCrossroads
CEO David Johnson. As outlined in Daniels' "Accelerating Growth" economic development plan released last month, the initiatives
would be based on proven Indiana strengths and identifiable...
MoreMerger talks near finish?: George optimistic about open-wheel reunion; sources say deal may be reached by May 26
May 8, 2006
Anthony SchoettleIndy Racing League President Tony George said earlier this year "the stars, moons and planets" would need to align for his
series to merge with open-wheel rival Champ Car in time for the 2007 season. According to motorsports sources, the alignment
appears to be happening, and George told IBJ he is cautiously optimistic. George said in a May 3 interview that discussions
with Champ Car principal Kevin Kalkhoven are ongoing, but that there are still a number of issues to...
MoreBEHIND THE NEWS: California investor arrives with a splash-and a past
May 8, 2006
Greg AndrewsRemember the name Judah Hertz. The Californiabased real estate investor last month became a sizable player in the downtown
Indianapolis office market, buying the Gold Building and 251 East Ohio for more than $40 million. But he has bigger aspirations
here-and the cash to carry them out. "We like Indianapolis a lot," Hertz said. "We're definitely interested in purchasing
more buildings in Indianapolis." Plain-vanilla pension funds buy and sell buildings here all the time. By contrast, the 56-year-old
Hertz is...
MoreReebok should fit into Adidas' global plan: Indianapolis facility finds an ally in NBA after 11-year apparel deal
May 8, 2006
Anthony SchoettleAdidas-Salomon AG's $3.8 billion acquisition of Reebok International is having ripple effects from Boston to Beijing. Those
waves are likely to wash right through Reebok's design and manufacturing plant on Indianapolis' east side, which employs nearly
1,000. Reebok's headquarters will remain in Canton, Mass., and Adidas will maintain its state-side headquarters in Portland,
Ore., but officials for the German sporting goods giant have revealed little else about their plans for Reebok facilities.
Adidas officials have said they project saving $212...
MoreSPORTS: This is the time and place for an open-wheel marriage
May 8, 2006
It's May, so here's something we should want to see even more than the field of (we hope) 33 taking the green flag on Race
Day, something we should want to hear even more than Tom Carnegie's baritone, something we should believe would have an even
more positive long-term impact on open-wheel racing than a victory by Danica Patrick. Indeed, the best news to come out of
this May would be the great news for next May. And that would...
MoreLand drove Marsh sale: Sun Capital has backup in real estate if grocery biz fails
May 1, 2006
Matthew KishWhen Marsh Supermarkets Inc. put itself on the block in November, the company's stock dove. When it cut future executive compensation
$28 million a month later, the stock continued falling. When it terminated 25 executives and closed two groceries and six
convenience stores, shares slipped yet again. Nothing, it seemed, could stop the downward spiral. Then a footnote appeared
in the Fishersbased company's fiscal third-quarter financial report Feb. 21. It said an appraisal showed the company's real
estate was worth...
MoreEmmis fights radio doubt: CEO Smulyan defends his struggling industry as stock price continues to slide
May 1, 2006
Anthony SchoettleEmmis Communications Corp.'s stock has fallen 80 percent in six years. Revenue from its radio stations is falling short of
Wall Street expectations. And its bid for Major League Baseball's Washington Nationals is running third in a three-horse race.
But Emmis CEO Jeff Smulyan is as optimistic as he's been in months. "I'm upbeat because I think this industry is ready to
turn the corner, and Emmis is turning the corner," Smulyan told Wall Street analysts after his company released...
MoreSPORTS: Keith Hernandez, meet Phyllis Ackerman, trailblazer
May 1, 2006
Bill BennerFormer New York Met and current Mets announcer Keith Hernandez emerged from a cave April 22, observed that a member of the
San Diego Padres' training staff wa s - g a s p ! - a female, and opined on air that women have no place in a Major League
dugout. Hernandez was promptly reprimanded by his employers and issued a tepid apology on the next Mets broadcast. This might
come as a bulletin to the Neanderthalic Hernandez, but...
MoreRacing for the green: Rookie owner risks house and home to realize dream
April 24, 2006
Matthew Kish"If somebody wipes one of them out, the associated residence goes with it," he says, only half jokingly. Now in his 14th season
in t h e m o t o r - sports industry, Crawford, 38, decided to hoist his own flag for the first time this year in the Indy
Pro Series, open-wheel racing's highest minor league. For the record, he's not a wealthy man. The second property is the only
investment he and his wife, Myra, haven't...
MoreNASCAR a big deal for IRST: Role as security products provider could be worth $100M
April 24, 2006
Anthony SchoettleIngersoll Rand Security Technologies has been named NASCAR's first official provider of security products, a deal that could
mean substantial growth for the company's Carmel headquarters and an Indianapolis manufacturing plant, which together already
employ 900. IRST is a division of Bermuda-based behemoth Ingersoll-Rand Co., which is better known for agricultural, construction
and transportation equipment sold under names such as Bobcat and Thermo King. The link with the racing circuit is expected
to drive home the point that Ingersoll-Rand is...
MoreIvy Tech to focus more on results, not just growth: Student success and broader ties with employers among goals of community
college system's five-year plan
April 24, 2006
Chris O\'malleyAfter growing its enrollment 75 percent the last decade, Ivy Tech Community College of Indiana is shifting its focus to student
retention. A top administrator also wants to expand the number of training courses offered at businesses, as a way to supplement
the system's $253 million annual budget. Some who've studied the state's educational system have recommended that Ivy Tech
spend more to hire additional full-time faculty to strengthen its effectiveness. The school's five-year student retention
plan calls for doubling...
MoreBULLS & BEARS: Day-to-day market headlines get in way of wise investing
April 24, 2006
Ken SkarbeckEvery day, the financial press and market pundits provide us with the reason for the previous day's stock market activity.
Following a down day, we might read an article headlined, "Investors sell stocks on fears of rising inflation." Perhaps the
next day the market rises and we see, "Stocks climb as investors see end to Fed interest rate increases." What exactly happened
overnight that caused this apparent shift in sentiment? Did investors sleep on it and the next morning collectively...
MoreSPORTS Bill Benner: A life lesson to remember: Television always rules
April 24, 2006
Even after all these years, my bride still sometimes forgets that there really are three sure things in life: death, taxes
and the fact that television rules, especially in sports. As a guy who spent most of his life in the newspaper business, the
increasing influence of television became an everlarger burr in my behind. Everything from the length of games (those four-hour-plus
University of Notre Dame football games were especially excruciating) to deadlinecrunching late starting times to preferential
treatment...
MoreCR Heroes Family Pub: Mom aims to serve up family-friendly pub in Fishers Restaurant, parenting experience helps owner manage
her own place
April 17, 2006
Della PachecoInstead of using her elementary education degree from Ohio State University to teach youngsters, Stephanie Boehm chose to
teach managers as a corporate trainer for Olive Garden restaurants. She's never regretted that decision. Boehm's background
and on-the-job training as manager of a local Outback Steakhouse led to her current career as owner of CR Heroes Family Pub
in Fishers. Boehm moved to Indianapolis from Ohio in 1994, when her husband was transferred here. After spending time as a
stayat-home mom,...
MoreSPORTS Bill Benner: Is blowing up Pacers roster a risk worth taking?
April 17, 2006
On the last day of the regular season, many professional teams schedule "fan appreciation" ceremonies. Judging by the numbers
of empty seats in Conseco Fieldhouse, the Indiana Pacers might hold "fan depreciation" night April 19 when the regular season
comes to a merciful conclusion. The paying customers, as is their wont, are voting with their feet. Time to spend their evenings
at home, or outdoors, enjoying the benefits of daylight-saving time (blame it on Mitch!), rather than witnessing another dark...
MorePaid boards spur not-for-profit debate: Critics: If directors won't give time, who will?
April 17, 2006
Andrea MuirraguiIndianapolis-based USA Funds is a large, complex organization, and members of its governing board are busy people. Same goes
for the NCAA, another local not-for-profit with a national reach, a nine-figure budget and directors who are anything but
professional volunteers. The two organizations have one key difference, though: USA Funds pays its board members. The NCAA
does not. "It's simply the nature of the world," said Norm Lefstein, an Indiana University law professor who chairs the compensation
committee at student-loan...
MoreNFL pulls plug on local TV crews: Team owners vote to oust videographers from games
April 17, 2006
Anthony SchoettleIndianapolis TV stations say a new National Football League policy that bans them from the sidelines during games is a violation
of their First Amendment rights and threatens a major source of income. A league-wide rule that was passed 32-0 by team owners
March 28 allows only the licensed broadcast rights-holder to shoot sideline footage during games. The National Association
of Broadcasters, Radio-Television News Directors Association and Society of Professional Journalists have petitioned to have
the rule overturned. Though owners...
MoreSPORTS: Final Four manager enjoys his shining moments
April 10, 2006
Bill BennerOn the day after the Men's Final Four Basketball Tournament concluded, the NCAA's Greg Shaheen said two national champions
had been crowned: The University of Florida in winning, and the city of Indianapolis in hosting. For the local organizers,
that was some sweet praise coming from an NCAA guy. Sure, one could question Shaheen's objectivity. As many know, the 38-year-old
is an Indianapolis/Carmel native who not that long ago was one of those local organizers. At the 1997 Indy Final...
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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.