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Studies: Bans don’t burn biz: Restrictions in other cities didn’t reduce overall sales, but some taverns were hurt

February 21, 2005

“My business was down 15 percent at first,” recalled Gina Scott, co-owner of the Lexington pub. Lately, she added, “It’s still down a bit. I don’t know with the ban it will ever go up to where it was.” This ban-in the heart of tobacco country-may offer a glimpse of what’s to come for Indianapolis bars and restaurants if proponents of a smoking ban prevail in the City-County Council. The proposed Indianapolis ordinance is one of the most stringent in…

NOTIONS: Blowing away the ‘I have my rights’ smokescreen

February 21, 2005

I’m looking out the window of the hospital room where my wife, Pam, is staying. It’s a beautiful day. Soft white clouds dot the brilliant sky. In the courtyard below, between the hospital and the cancer center, a young woman sits on a bench. She’s pretty, in her sleek leather jacket and tight jeans. Her auburn hair glistens in the sun and brushes her shoulders in the breeze. In one hand, she holds a Palm Pilot. I imagine she’s reading…

Basketball-filled month awaits downtown planners: Indianapolis set to host 35 big games in 36 days

February 14, 2005

Next month will bring new meaning to “March Madness” in Indianapolis. In a 36-day span starting March 1 and culminating April 5 with the crowning of the women’s NCAA basketball champion, the city will play host to 35 high-profile games in 36 days. The Hoosier state’s love affair with the sport has endured for decades. But next month will truly be “Hoops Hysteria” here. While the city has welcomed basketball tournaments before, it never has offered so many games at…

NOTIONS: Must we all inhale the toxic air of hypocrisy?

February 14, 2005

Here’s what I want you to do: Take your left index finger and place it on your chin. Now, slide it along your jaw up to your left ear. Now slide it straight down your neck. When you’ve reached the base, slide your finger outward, halfway to your shoulder. Now, imagine that instead of a fingertip, you employ a head-and-neck surgeon with a scalpel. And imagine that after slicing your jaw and neck, he pulls down the resulting flap of…

Carmel’s Sunrise CafÃ© may be nearing sunset: Developer would raze cafÃ© to make way for retail, office

February 14, 2005

A longtime favorite spot to conduct business over breakfast on the far-north side will close if plans to sell the building that houses Sunrise CafÃ© come to fruition. Locally based Meridian Asset Development has the cafÃ© building and a surrounding 2-1/2-acre lot at 11450 N. Meridian St. under contract. The seller is an Omaha, Neb.-based trust that owns it and a nearby office building. If the sale closes as expected in the coming weeks, Meridian Asset plans to raze the…

City convention planners working on transition strategy: Keeping event clients content during expected stadium construction, expansion of center crucial to success Smooth transition critical Contingency plans

February 14, 2005

The city’s hospitality industry might want to adopt the weathered “no pain, no gain” expression as its mantra until the proposed expansion of the Indiana Convention Center is completed, presumably in 2010. Construction of the 275,000-square-foot addition to the center should begin in 2008, pending legislative approval of a $500 million stadium financing deal for the Colts. The Convention Center expansion is expected to cost $250 million, and its financing and location hinge on the stadium deal. Work on the…

BEHIND THE NEWS: Sales are sizzling at Steak n Shake Minting Managers Sticking with steakburgers

February 7, 2005

When shareholders of The Steak n Shake Co. gather for their annual meeting this week, expect a lovefest. Peter Dunn, who joined the company as president in September 2002 and added the title CEO last year, seems to be doing a bang-up job reinvigorating one of the nation’s oldest restaurant chains. Choose whatever measure you like: Since Dunn’s arrival at the Indianapolis-based company, Steak n Shake shares have appreciated 92 percent, whipping the 46-percent gain for the S&P 500-stock index….

Retail beginning to take hold on Michigan Road: Browning eyes 100 acres for retail or mixed-use

January 31, 2005

Browning Investments Inc. has nearly 100 acres under contract in the rapidly growing Michigan Road retail corridor. The locally based developer hasn’t yet cemented plans for the land, but they could include purely retail or a mixeduse development with multifamily, flex/office and retail components, said Vice President of Development James W. Browning. Most retail on the site would likely be highway-oriented, such as hotels or outlets of national chain restaurants, he said. The parcel, under contract from various owners, lies…

Terminal move might spur land rush: Midfield project to free choice real estate

January 24, 2005

Overshadowed by the $974 million midfield terminal project is a potential economic development bonanza: the reuse of the existing terminal and surrounding land at Indianapolis International Airport. More than 120 acres along Interstate 465 that today hold parked cars might someday house hotels, shipping operations or even a light-rail station after the midfield terminal opens in about three years. Another 54 acres representing the terminal and its immediate surroundings will be available for aviation uses from air freight to corporate…

NCAA Women’s Final Four brings new opportunity: Demographics will decide who benefits from event

January 24, 2005

The $20 million economic impact forecasted for this year’s NCAA women’s basketball Final Four is about $10 million below the men’s event. That doesn’t mean it isn’t an important opportunity for Indianapolis, which will host the event for the first time in April. “This is an important audience for Indianapolis to be in front of,” said Susan Williams, Indiana Sports Corp. board member and co-chairwoman of the local organizing committee for the women’s Final Four. “It’s a different audience than…

Downtown dining changes flavors: New year brings eatery moves, winner in chocolate war

January 10, 2005

A victor has emerged from the Monument Circle chocolate war, and the spoils go to the Indiana-based warrior. Rocky Mountain Chocolate Factory closed its store at 28 Monument Circle Dec. 31, leaving South Bend Chocolate Co.’s Chocolate CafÃ© next door as the Circle’s sole sweets source. The franchise’s closing is one of several changes afoot in the downtown restaurant scene. Coming attractions include an Oregonbased seafood chain and the return of local favorite Eh! Formaggio, which is shopping for a…

ECONOMIC ANALYSIS: Consumer confidence is tricky economic indicator

January 10, 2005

We’ve see it on television almost every day, it seems. Within seconds of a dramatic event-winning a race, scoring a touchdown, or finding a lost child-the central figure is asked by an eager reporter, “How do you feel?” As an economist, I am generally squirming in my chair at this point. Not because economists have no feelings-we actually do even if we tend to express them using graphs and equations. Rather, it is because we believe the best way to…

MICKEY MAURER Commentary: Looking back at 2004 and beyond

January 3, 2005

MICKEY MAURER Commentary Looking back at 2004 and beyond Every January, I like to reflect on some of the prior year’s topics. This year, I am especially nostalgic. You may be reading my last column. I have accepted a two-year hitch with the Daniels administration as president of the Indiana Economic Development Corp. and our editors at the Indianapolis Business Journal feel writing a column poses a conflict of interest with my new responsibilities. I agree. Last summer, I reviewed…

January 3, 2005

The Carmel Redevelopment Commission recently voted unanimously to accept Keystone Groupâ€™s proposal to redevelop an entire city block in Old Town Carmel. The four-story mixed use development will include 150 luxury apartments, high-end shops and restaurants plus a…

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Articles

Studies: Bans don’t burn biz: Restrictions in other cities didn’t reduce overall sales, but some taverns were hurt

NOTIONS: Blowing away the ‘I have my rights’ smokescreen

Basketball-filled month awaits downtown planners: Indianapolis set to host 35 big games in 36 days

NOTIONS: Must we all inhale the toxic air of hypocrisy?

Carmel’s Sunrise CafÃ© may be nearing sunset: Developer would raze cafÃ© to make way for retail, office

City convention planners working on transition strategy: Keeping event clients content during expected stadium construction, expansion of center crucial to success Smooth transition critical Contingency plans

BEHIND THE NEWS: Sales are sizzling at Steak n Shake Minting Managers Sticking with steakburgers

Retail beginning to take hold on Michigan Road: Browning eyes 100 acres for retail or mixed-use

Terminal move might spur land rush: Midfield project to free choice real estate

NCAA Women’s Final Four brings new opportunity: Demographics will decide who benefits from event

Downtown dining changes flavors: New year brings eatery moves, winner in chocolate war

ECONOMIC ANALYSIS: Consumer confidence is tricky economic indicator

MICKEY MAURER Commentary: Looking back at 2004 and beyond