Transportation, Distribution & Logistics

Racing toward a new type of learning center: Decatur, Panther team up on educational facilityRestricted Content

August 28, 2006
Scott Olson
Mention a career in motorsports to most youngsters and they imagine whizzing around the track like NASCAR's Tony Stewart or Sam Hornish Jr., points leader of the Indianapolis Racing League. But a partnership between Indianapolisbased Panther Racing LLC and Decatur Township Schools wants to introduce students to more practical professions within the sport by providing the resources in a hands-on learning environment. The result is the Panther Education Center, set to open next fall near the racing team's headquarters at...
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BRIAN WILLIAMS Commentary: The heat will hurt more next winterRestricted Content

August 14, 2006
Geopolitical instability and increasing worldwide demand for fossil fuels have caused high energy prices. Indiana tax policies in support of the creation of ethanol and biodiesel production facilities are part of an effort to help wean our transportation infrastructure from fossil fuels. While ethanol may be a poor alternative to fossil fuels, Hoosier entrepreneurs' and policymakers' efforts in this area reflect a broad awareness that we need a sensible, comprehensive energy policy. A corollary to $3-per-gallon gas is increasing home-heating...
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TOM HARTON Commentary: Still trying to get it rightRestricted Content

August 14, 2006
We're about to pave a small neighborhood park so that patrons of a bar in a government building will have a place to stash their cars while they drink. What better time than now to revisit a couple of previous columns about urban design? (More on the playground later.) Back in May, I wrote about local entrepreneur Tom Battista's work to restore commercial life to the 800 block of Massachusetts Avenue and what's left of the 900 block. The 900...
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BEHIND THE NEWS:Restricted Content

August 14, 2006
Greg Andrews
In the 1980s, Jim Massey was one of Indianapolis' top bankers. Now, he finds himself in bankruptcy court, the latest former Conseco Inc. director to fall victim to the company's hardball loan-collection tactics. The Carmel-based insurer last month filed an involuntary bankruptcy petition for Massey, 71, the former president of Merchants National Bank. "It is just another forum to try to bring an expeditious conclusion to the problem," said Reed Oslan, a partner with the Chicago law firm Kirkland &...
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Six sites named 'Shovel Ready': State program designed to speed permit process for fast-track developersRestricted Content

August 14, 2006
Scott Olson
State officials have added another arrow to their quiver of economic-development incentives meant to attract companies to Indiana. A new pilot program, known as Shovel Ready, certifies land that can be rapidly developed. The aim is to make the properties more attractive to companies by cutting the time it takes to navigate the permitting process. "The ability to expedite a company's development will make us more competitive than perhaps we have been in the past," said Chris Pfaff, director of...
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CHRIS KATTERJOHN Commentary: Orange County casino a losing bet?Restricted Content

August 7, 2006
I'm starting to get a bad feeling about the Orange County casino project. Truth be told, I've had the bad feeling for a long time, and now it's getting worse. The latest blip on the radar in what has been a challenged project from the get-go is the contentious legal battle that has surfaced between the two partners: Bob Lauth of Lauth Property Group and Bloomington billionaire Bill Cook. I guess that's not that unusual. Ed Feigenbaum, publisher of Indiana...
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Moving lessons from classrooms to boardrooms: MBA students get firsthand experience with startupsRestricted Content

July 31, 2006
Victoria D.
No matter how many bold and italicized words scholars cram into textbooks, nothing compares to students rolling up their sleeves and testing a theory themselves. For years, Indiana University's Kelley School of Business has offered its Bloomington MBA candidates real-world experience through so-called "academies" focused on specific industries. Now Kelley Indianapolis' evening MBA program is set to launch a scaled-back version for its students. This fall, it will offer three such "enterprise" programs, including one with an entrepreneurial emphasis. The...
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Republic Airways expects to add at least 1,000 jobs in 2007Restricted Content

July 31, 2006
Chris O'Malley
Republic Airways Holdings plans to add more than 1,000 jobs, including some at its Indianapolis headquarters, thanks to a deal to fly larger aircraft for US Airways and its first contract to fly for Continental Airlines.
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Mass transit's catch? Paying for itRestricted Content

July 17, 2006
Peter Schnitzler
The idea of rapid transit is popular locally, but there's no consensus on how to finance it. For construction alone, it would cost at least $546 million for suburban express bus service up to $1.4 billion for an "automated guideway" system similar to a monorail. And that's for only one corridor.
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TOM HARTON Commentary: Driving the distance for the basicsRestricted Content

July 17, 2006
I recently called my doctor's office hoping he could squeeze me in to diagnose a minor, but annoying, health problem. His nurse informed me I wouldn't be able to get an appointment for at least three days. She suggested I go to an immediate-care facility if I needed attention right away. I was surprised the doctor couldn't see me, but I appreciated the nurse's candor. She knew better than to cheerfully suggest an appointment days in the future, by which...
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Airport Authority sells 103 homes after sound modificationsRestricted Content

July 17, 2006
Chris O'Malley
The Indianapolis Airport Authority has begun listing at www.indianapolisairport.com homes it acquired under its nearly decade-old "purchase assurance/sound insulation program."
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Rapid-transit plans gain speed, but drivers might not give up keysRestricted Content

July 10, 2006
Chris O'Malley
Just 5,900 Marion and Hamilton County commuters would park their cars in favor of rapid transit if that were an option, according to data from a late-2001 report for Indianapolis' Metropolitan Planning Organization by New York firm Parsons Brinckerhoff.
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Is it back to the future for Indianapolis transit?: Cars killed vast 'interurban' system decades ago, but 21st century congestion could spur its revival in some formRestricted Content

July 10, 2006
Chris O\'malley
A century ago, central Indiana had an electric rail network that dwarfed even the most ambitious rapid-transit schemes of today's urban planners. The "interurban" was a vast system that would easily cost tens of billions of dollars to duplicate. By 1920, hundreds of miles of track radiated from Indianapolis. Some crossed state lines, to Dayton, Ohio, and the Chicago area. Today, all that's left of the electric railroads are tree-covered rail beds or the crumbling piers of bridges, such as...
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Concierge helps famous, fashionable: Conrad job gets exciting during big eventsRestricted Content

July 10, 2006
It looked like a photo shoot for GQ or Elle. Guests wore denim that probably won't show up in American stores until next year, if even then. Other guests checking into the Conrad Indianapolis for the July 2 U.S. Grand Prix wore sparkling diamonds and designer apparel. They carried Coach handbags of all shapes and sizes, setting them on the concierge desk as they awaited delivery of their luggage. Without fail, Lynna Mills would peek around the bags and cordially...
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NOTIONS: Hailing the hare in the land of the tepid tortoiseRestricted Content

July 10, 2006
Bruce Hetrick
I was going to play smart aleck this week. I was going to write in hick dialect. I was going to lambaste us Hoosiers over our stubborn adherence to the status quo, our penchant to take things slow, our preference for partisanship, our pooh-poohing of progress and our bull-headed gumption to go it alone in a global economy. Then news broke that Indiana has the highest high school dropout rate in America. So I figured that for two reasons, I'd...
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BRIAN WILLIAMS Commentary:Restricted Content

July 10, 2006
On June 1, Gov. Mitch Daniels and officials from the Indiana Public Employees Retirement Fund announced the Indiana Investment Fund, a $100 million investment vehicle. The fund will invest in early-stage startups and loans to mature firms. It will invest in Indiana-What's wrong with local investment pros? based agriculture, manufacturing, information technology, transportation and life sciences companies. Credit Suisse was selected to manage this new fund. As a global investment bank, Credit Suisse certainly has skilled bankers who can evaluate...
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Indiana Rail Road on track for customer growth: Acquisition of Canadian Pacific line brings more jobsRestricted Content

July 10, 2006
Chris O\'malley
What little some people see of active railroads these days is when they catch a glimpse of Indiana Rail Road Co.'s Ferrari-red engines pulling hopper cars from downstate coal mines up to Indianapolis Power & Light's Harding Street generating station, south of town. "People feel like railroads are a dying industry," said Thomas Hoback, founder and CEO of Indiana Rail Road, the 20-yearold freight concern based in Indianapolis. Looks can be as deceiving as the speed of a locomotive approaching...
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Work still elusive for people with disabilities: Employment rates remain stagnant even though a wealth of programs are finding success placing workersRestricted Content

July 3, 2006
Scott Olson
The lesson Amy Kurzekwa taught the folks at the downtown Gregory & Appel Insurance agency reaches far beyond what they learned about premiums and deductibles. Since 1992, she has taken the bus to her job there as a clerical assistant, performing such tasks as sorting and delivering the office mail and filling the copy machines. While most anyone can do that, Kurzekwa, 37, is irreplaceable to her co-workers. Her role in opening their eyes to the fact that people with...
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Carmel firm grows up in emerging market: BlueBean acquisition makes it one-stop RFID shopRestricted Content

July 3, 2006
Anthony Schoettle
A small Indiana firm is looking to become a big player in the emerging radio-frequency-identification market. Carmel-based BlueBean LLC is one of a small but growing number of firms nationally that provide consulting services to companies trying to set up systems using radio frequency identification-commonly called RFID-tags and readers. BlueBean in April acquired Mishawakabased www.rfidsupplychain.com, which sells RFID hardware and software online. The acquisition also provided BlueBean rights to a bevy of other domain names, including www.rfidhealthcare.com, www.rfidpharma.comand www.rfidfood.com. The...
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EYE ON THE PIE: Tale of 2 bridges has deeper meaningRestricted Content

June 26, 2006
Morton Marcus
Two bridges at opposite ends of the state are of concern to neighboring citizens and all Hoosiers. Both are historic steel-truss bridges. One spans the Wabash River connecting New Harmony (Posey County) with White County, Ill. The second spans the Gibson rail yard in Hammond (Lake County) and carries the traffic of busy Indianapolis Boulevard. Both bridges are in poor condition. The Indiana Department of Transportation has recommendations for both bridges. Local officials are opposed to the INDOT plans. Whose...
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Car event 'astonishing': In 4th year, local show already one of nation's largestRestricted Content

June 19, 2006
Anthony Schoettle
Economic development leaders and corporate executives thought Roger Brummett was spinning his wheels when he launched a classic car show in Indianapolis four years ago. But Brummett and partner Tim Durham find themselves at the wheel of such a fastgrowing enterprise that they hope to expand it into a multiday event, with an auction and classic-car race, that they believe would draw 100,000 attendees. The pair also plans to replicate the show in other markets, starting in Naples, Fla., in...
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NOTIONS: A tale of two kings and one fortunate kingdomRestricted Content

June 12, 2006
Bruce Hetrick
For the fifth year, some colleagues and I have penned comedy for a cause. The Indiana Repertory Theatre, which usually chooses its playwrights more carefully, erred again by soliciting our scriptwriting "talent" for its faux-radioshow fund-raiser. So on June 3, a cast of Indianapolis celebrities-from the media, not-for-profits, government and business-donned makeshift 17th-century garb, mounted the Indiana Roof Ballroom stage, and hammed up "Shakespeared: A Midsummer Night's Scheme." Our tall tale featured two kings-Mitchard and Bartholomie-trying to outdo each other...
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Companies confront truck driver shortage: Demand is high despite better pay, more time offRestricted Content

June 12, 2006
Scott Olson
Amid the steady rumble of diesel engines, Ricky Smith parks his 18-wheeler among a raft of big rigs at the TA Travel Center in Boone County to relax and grab a bite to eat. It's after 6 p.m., and the Tennessee resident is delivering grocery products on his weekly route that extends from Michigan to Georgia. Drawn by the opportunity to make more money, Smith ditched his job three years ago as a diesel mechanic to drive a truck. "I...
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eImagine Technology Group: Technology firm aims to deliver service with its software Owner: Hiring good employees key to small company's successRestricted Content

June 12, 2006
Julie Young
Communication-and simplicity-can be a challenge when it comes to tech talk. "It's like the old adage, if you ask a tech guy what time it is, he'll tell you how to build a watch," said Joel Russell, president of Indianapolis-based software developer eImagine Technology Group. But Russell works around potential "lingo" problems when he's meeting with customers. No matter the industry, he looks for ways to automate inefficient processes using computer software. His goal is to save his clients time...
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IUPUI again running in the fast lane: Track facility emerges nationally after long absenceRestricted Content

June 12, 2006
Anthony Schoettle
For its first 15 years after opening in 1982, the Michael A. Carroll Track & Field Stadium on the IUPUI campus hosted a major national or international trackand-field event almost annually. For the last decade, it's been primarily relegated to charity events and local grade-school championships. But with the first high-profile competition at the track since 1997 scheduled for this month, the venue is poised for rebirth. From June 21-25, it will host the U.S. National Championships-an event organizers hope...
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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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