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    Kyle Abram

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Articles

BULLS & BEARS: Fuss over our trade deficit is much ado about nothing

August 21, 2006

I’ll preface this column by telling you I am not an economist, just an observer. How many times have you heard a sobering news report on the trade deficit? The gist of these reports is that the deficit will weaken the dollar, cause all kinds of job losses, and be the ruin of our economy. The typical deficit TV news report begins with a picture of some old, rusty U.S. factory. It closes with video clips of construction cranes building…

SPORTS: A grim look at what the city’s future could hold

August 21, 2006

I was having a fitful time trying to sleep. For some reason, the word “priorities” kept running through my mind. Then, suddenly, I felt as if I were awake, standing in downtown Indianapolis. I caught site of a calendar in a storefront window. I blinked and shook my head. It read August 2026, but the city didn’t look 20 years more modern. If anything, it looked 20 years older. It was as if time had passed by the Indy I…

VanAusdall to auction off city block

August 21, 2006

Local office equipment distributor VanAusdall & Farrar Inc. is putting an entire city block on North Meridian Street up for auction, a move that could spur development in a corridor real estate experts say is ripe for activity. The three-acre property is between 12th and 13th streets.

THERE OUGHT TO BE A LAW: (Log) rolling down the legislative river

August 14, 2006

I usually don’t confuse C-SPAN with ESPN2. But as I flipped channels last month, there was so much logrolling going on in Congress that I thought I’d stumbled upon the birling finals of the North American Lumberjack Games. Although, come to think of it, most lumberjacks don’t spout political inanities when they work. Guess that should have been my first clue. No, friends, the logrolling we’re talking about today is that time-honored legislative practice of taking two or more unrelated…

Developers eye extension for opportunities: Four-mile link of 146th Street from S.R. 37 to I-69 in Noblesville will turn road into important thoroughfare

August 14, 2006

A commercial corridor brimming with office buildings, similar to the one along U.S. 31 in Carmel, is what Noblesville city planners envision for the 146th Street extension from State Road 37 to Interstate 69. Ground is expected to be broken this fall on the four-mile extension, which will make the street a major east-west thoroughfare through the south side of Noblesville if finished as planned in October 2007. The street is already a busy route across much of Hamilton County,…

Verus Partners gets busy in 1st year in local market: Chicago newcomer has 3 developments under way

August 14, 2006

In 2003, four men decided to leave careers at Chicago-based development powerhouse Higgins Development Partners LLC to start their own company. The result, Verus Partners LLC, an industrial, office and institutional developer, has grown rapidly, opening two offices in Canada and one in Indianapolis, and is pondering a new office in Charlotte, N.C. And its 1-year-old local office is spearheading an aggressive move focused on developing speculative industrial space. Last year, Verus hired Tom Theobald, a 19-year commercial real estate…

TOM HARTON Commentary: Still trying to get it right

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…

Franklin manufacturer benefits from high petroleum costs

August 14, 2006

Increased oil and natural gas prices are hammering many manufacturers, but Franklin-based Grimmer Industries Inc. is flying high. Grimmer specializes in making Hurricane brand air compressors and compressor boosters used in oil and natural gas well drilling and aggregate mining.

Hopefuls target E. 10th for rebirth: Community group sees hope in small projects

August 14, 2006

Within 10 years, Tammi Hughes hopes to drive by budding local stores that offer furniture, arts and antiques on her way to work. She’d like to stop in at a local coffeehouse or grab a paper at an eclectic corner bookstore. That’s the vision for Hughes and a group of people working on spurring a turnaround for a commercial corridor on East 10th Street that stretches from just west of Rural Street to just west of Sherman Drive. Right now,…

New Sports Corp. boss adjusting game plan

August 14, 2006

Tom King thinks its time to run the not-for-profit Indiana Sports Corp. with a for-profit mind-set, a change that could radically alter the organization credited with implementing the city’s amateur sports strategy.

Fountain Square district shoring up its Corners: Group turns old buildings into residential/work spaces

August 14, 2006

If State and English avenues in the Fountain Square district were on a Monopoly board, they would probably be the ones available immediately after passing “Go.” But after the Southeast Neighborhood Development Inc. is finished there, the intersection will move several spaces closer to Park Place. The not-for-profit is investing $1 million to renovate three dilapidated buildings it bought to convert them to residential/work spaces as part of its Fountain Square Corners development. A local photographer who will live in…

Six sites named ‘Shovel Ready’: State program designed to speed permit process for fast-track developers

August 14, 2006

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…

Pools of Fun: Diving in the deep end Homebuilder’s ‘experiment’ still paying off 25 years later

August 7, 2006

In 1981, few central Indiana residents considered an inground pool a backyard necessity, but Plainfield custom homebuilder Larry Good added one to a spec home anyway-and jumped into the deep end of a new enterprise. “After it was installed, the home sold immediately,” said Bruce Holmes, CEO of the company Good launched. Pools of Fun started with one location and four employees. Today, it has five locations, a range of products and 90 full-time employees who share ownership of the…

Bonds’ shaky support threatens Crane biz park: Region attempts to build on base’s stay of execution

August 7, 2006

During his first months in office, Gov. Mitch Daniels’ top priority was engineering a stay of execution for the Crane Naval Surface Warfare Center, 90 miles southwest of Indianapolis. Losing its 5,200 employees and contractors would have been a devastating blow to the region. Daniels’ lobbying effort in Washington, D.C., was so successful that the Association of Defense Communities last month recognized him as “2006 Public Official of the Year.” But troubles with local financing for a new business park…

Let’s throw energy into public safety: We ignore crime at our peril

August 7, 2006

When yet another media story appears about jail overcrowding, it’s tempting to look away, to focus instead on rising gas prices, out-of-control health insurance costs or other pressing problems confronting your company. But make no mistake: Crime is a business issue. And it is escalating. Major offenses reported to the Indianapolis Police Department through April were up 22 percent over the first four months of 2005. Probably fueling that increase are the growing numbers of inmates being released early from…

EYE ON THE PIE: The trouble with inexpensive housing

July 31, 2006

From 2000 to 2004, the U.S. Census Bureau tells us, there were 148,500 housing units added in Indiana. That’s a 5.8-percent rate of growth (16th in the country), exceeding the national rate of 5.3 percent. During the same period, Indiana added 134,600 people, a 2.2-percent increase (33rd in the country) and just more than half the 4.1-percent national rate. For every person we added, we built 1.1 housing units, the 10th-highest rate in the nation. What’s going on? To get…

NOTIONS: A suburban pay-me-now-or-pay-me-later story

July 31, 2006

Longer ago than I’d like to admit, my parents were expecting their first child (me). And they wanted their little guy to grow up in a nice, safe neighborhood. Mom and Dad weren’t earning much. But they borrowed a down payment from Grandpa, took out a whopping $80-per-month mortgage, and purchased a tiny, newly constructed house on the outskirts of Lafayette. My parents had grown up in the established parts of Lafayette. They knew well the old homes, old streets…

Indiana encourages agri-tourism efforts:

July 31, 2006

For Cliff Carley, Sept. 11, 2001, is a date of great personal significance unrelated to tragic events. That’s the day the construction company owner bought a pair of Rocky Mountain elk and began raising the large deer on his northern Hamilton County property near Atlanta. Nearly five years later, Carley Elk Farm hosts Saturday tours for which visitors pay $5 to roam the rural acreage and help feed a herd that numbers about 50. On the way home, they can…

Mass transit’s catch? Paying for it

July 17, 2006

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.

TOM HARTON Commentary: Driving the distance for the basics

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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