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EYE ON THE PIE: Legislature wastes another session

March 27, 2006

The 150 men and women who make up the Indiana General Assembly have finished their annual freak show, folded their tents, and departed from Indianapolis. In their wake, they left some truly terrible legislation and another record of neglect for the interests of Indiana’s too-long-suffering population. What was wrong with this session of the General Assembly? Your local editor will not grant me the space to be either sufficiently complete or detailed. Let’s start with the governor’s Major Moves program….

Ad firm’s new HQ shows imagination: Former school gets makeover for Young & Laramore

March 27, 2006

The Indianapolis-based advertising firm’s former building, at 409 Massachusetts Ave., featured an interior atrium, open work spaces and a large fish sculpture in the window that caught the eye of passersby on the busy commercial corridor. For its new building, a former school tucked into Lockerbie Square a few blocks away, the firm had to decide how to creatively use a choppedup floor plan, complete with a gymnasium in the middle. Young & Laramore enlisted Eric Rowland and Sarah Schwarzkopf…

VOICES FROM THE INDUSTRY: Mediocre planning efforts don’t invite people to stay

March 27, 2006

Analysts say the housing market is slowing in Indianapolis and across the nation. Perhaps that’s why three significant, real estate developments have attracted so much local media coverage recently. In one story, the City-County Council approved the development of 28 condos in Broad Ripple, despite strong resistance from the neighborhood association. Meanwhile, local planning councils easily approved two new developments-a subdivision on the far northeast side of town that will feature almost 2,000 homes and a large condominium complex in…

E-commerce can level the playing field:

March 27, 2006

The same point can be made for small businesses, which can reach wider audiences through electronic commerce-purchasing, selling and exchanging goods and services over the Internet. So how can small-business owners take advantage of the e-commerce phenomenon? First, it’s important to understand that ecommerce isn’t an end unto itself, but a tool to grow your business-as such, it should be used only if it serves your business strategy. Ask yourself a few questions: Can you effectively promote your product or…

Lucas owner says skeptics off base: ‘Small company’ big enough to handle major deal, he says

March 27, 2006

The Indianapolis Colts had to be convinced that California-based Lucas Oil Products Inc. was the right company to buy its stadium naming-rights package. Football franchise executives were quickly converted, but the deal still has its detractors. A month after the 20-year, $121.5 million agreement was announced, sports sponsorship experts remain skeptical it will pan out. “This is a heavy investment for such a small company,” said William Chipps, senior editor of Chicago-based IEG Sponsorship Report. “I can tell you it…

Hearthview becomes church’s reluctant savior: Developer chooses ‘significant’ financial hit over wrecking ball

March 20, 2006

Condominium developer Hearthview Residential Inc. came out of a news conference this month looking like something of a hero for converting a former church at 802 N. Meridian St. into condos, but company officials must have been grinning through clenched teeth. Locally based Hearthview initially tried to demolish the 1905 structure, quietly seeking a demolition permit for the entire building. When the permit was discovered at the 11th hour by city and state historic preservation officials, the wheels were set…

Mega-hotel on city agenda: Pan Am Plaza possible site for 800-room development

March 20, 2006

The city is looking for developers interested in adding 800 hotel rooms downtown, a project that could be accomplished by building a massive, new hotel or augmenting several existing facilities. Insiders say a new hotel is most likely. They picture it on Pan Am Plaza. If that happens, the hotel would become the city’s largest-eclipsing the Indianapolis Marriott by almost 200 rooms. Ideally, the rooms would be available by 2010, when the wraps come off the expanded Indiana Convention Center….

Federal patent legislation could mean major changes: Proposed reform act could cut down on ‘trolling’ and litigation by switching approvals to a first-to-file system

March 20, 2006

Pending federal legislation could bring sweeping changes to a patent system critics say is broken and in need of repair. The Patent Reform Act-before Congress since last year-presents the most substantial overhaul in decades. Significant changes include creating a process to challenge patents after they are granted and awarding a patent to the first person to submit paperwork. Patents currently are granted to the first person who hatched the invention, regardless of when documents were filed. Time frames, though, can…

Mooresville hospital plans next expansion: $33 million project would add emergency department, boost other service areas

March 20, 2006

St. Francis Hospital-Mooresville might finally land the emergency department town leaders want, thanks to a proposed $33 million expansion and renovation. Plans for an emergency department surfaced in bond paperwork the hospital filed recently with the Indiana Health and Educational Facility Financing Authority. The filing said the hospital also plans to add private rooms and renovate its surgery, joint and colorectal care facilities. Adding an emergency department also was mentioned in a lawsuit St. Francis officials filed last year against…

SPORTS: A basketball breakfast you won’t soon forget

March 20, 2006

One of the reasons the NCAA chose Indianapolis to host this year’s Final Four is that it coincides with the association’s centennial celebration. What better way to bring attention to the NCAA’s 100th year than by having its showcase event in its headquarters city. But that won’t be the only significant basketball anniversary to be feted during Final Four weekend. Three others have significance to Hoosiers. Call it a coincidence of greatness. For starters, it will be the 50th anniversary…

Short session long on action: Led by Major Moves, telecom successes, biz interests fared well in 2006 General Assembly

March 20, 2006

In less than three months, the Indiana General Assembly approved a pair of blockbuster economic-development measures designed to dramatically upgrade the state’s infrastructure. With the passage of Gov. Mitch Daniels’ Major Moves initiative, Indiana will lease the Indiana Toll Road to an Australian-Spanish consortium for 75 years. It will use the upfront, $3.9 billion payment to build roads. Meanwhile, the approval of telecom deregulation sets the stage for more local phone, cable and Internet competition. Daniels, a Republican, argued that…

STATEHOUSE DISPATCH: Low poll numbers don’t seem to slow Daniels’ agenda

March 20, 2006

For a guy whose approval level is about as low as-well-the president’s, and who was pushing a program about as popular as turning over supervision of vital national assets to a foreign entity (see the parallels yet?), Gov. Mitch Daniels sure enjoyed some major success this legislative session. He just signed a wide-ranging telecommunications deregulation measure he had strongly advocated, placing Indiana at the cusp of reform in the field, after several years of the Legislature’s refusing to move off…

Breaking the glass ceiling: Despite gains, commercial real estate field still dominated by men

March 13, 2006

As a business student at IUPUI in the late 1980s, Jill M. Herron worked part-time as a leasing agent for a commercial real estate company to earn extra money. She had no idea that her parttime job would turn into a lifetime career. “I fell into it by accident,” Herron said. “But I found I liked the diversity of the job, the opportunity to meet different types of people and the challenges of meeting a client’s goals.” Now a vice…

Forum Credit Union buys health-care consultant: Financial institution beefing up commercial services

March 13, 2006

Forum Credit Union, central Indiana’s largest credit union, has acquired Indianapolis-based health-care consulting firm Health Care Economics Inc. And banks are piping mad about it. “It’s part of our effort to meet the needs of what our members have been asking us to do,” said Andrew Mattingly, senior vice president of strategy and marketing for Fishers-based Forum. “They want to put all of their finances together [at one institution].” Health Care Economics primarily serves as a business consultant to medical…

You can take it to the bank: Financial experts say state’s economy is rising, merger mania isn’t over and regulatory laws could take a toll

March 13, 2006

On Feb. 24, IBJ Publisher Chris Katterjohn, Managing Editor Greg Andrews and banking reporter Matt Kish sat down with four leaders from Indianapolis’ banking and finance sector: Judith Ripley, director of the Indiana Department of Financial Institutions; Kit Stolen, CEO of Union Federal Bank of Indianapolis; Steve Beck, president and CEO of the Indiana Venture Center; and Keith Slifer, senior vice president of LaSalle Bank. Among the topics of conversation: How’s the state’s economy doing? Are more bank mergers on…

City gives MSA developers another extension: Slow winter for sales center prompts 90-day delay

March 13, 2006

The developers of the former Market Square Arena site this month touted an expected August groundbreaking for their high-rise condominium project, but glossed over the 90-day extension to its agreement with the city that was required to make that possible. Developers of One Market Square a year ago negotiated an extension that gave them until May 1, 2006, to close on their purchase from the city of the first two acres of the four-acre site. In February, that deadline was…

Federal deposit insurance reform beefs up coverage: Retirement savings accounts stand to benefit most

March 13, 2006

Federal deposit insurance reforms signed into law by President Bush last month boost coverage of some retirement accounts and will raise coverage for other bank accounts beginning in 2010. The legislation, debated by lawmakers for the past six years, is significant because it offers the first increase in deposit insurance coverage in more than 25 years, and just the seventh rise since 1935. Federal deposit insurance currently covers as much as $100,000 per depositor. Starting no later than November, depositors…

EYE ON THE PIE: Major Moves elicits childish behavior

March 6, 2006

There are issues in Indiana other than the toll-road lease and building Interstate 69. Yet some people in the Legislature refuse to relinquish their roles as reactionaries. Example: Out of their minds with xenophobia (the fear of foreigners) the House insisted that toll booths display American flags. Why not require that all BP (British Petroleum) gas stations fly the American flag? How about giving a loyalty test to Mittal Steel, which owns a big chunk of assets in northwestern Indiana?…

SPORTS: It’s about more than hoops if Chicago gets tourneys

March 6, 2006

Our month of Much Madness has begun. Forty-one games in 33 days downtown. The Big Ten women’s and men’s tournaments (20 games). The IHSAA girls’ and boys’state finals (eight games). The National Association of Basketball Coaches All-Star Game on Final Four weekend. The NCAA Men’s Final Four (three games). And, interspersed throughout, nine Indiana Pacers home games. So what’s your pleasure? High school, college, pro? No matter the level, it is coming to Indianapolis in abundance. Quality and quantity, packaged…

Ticked off over tickets: NCAA plans to battle hospitality brokers during Final Four

March 6, 2006

The launch of The Tournament Club at this year’s men’s basketball Final Four in Indianapolis is the first shot across the bow of brokers, travel agents, hotel room resellers and others who’ve stepped in to meet the demand for hospitality packages the NCAA previously ignored. In December, the NCAA hired rEvolution, a Chicago-based sports marketing and media agency, to launch the association’s own hospitality package, including lower-level tickets, access to an exclusive hospitality area at the game venue, premium hotel…

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Articles

EYE ON THE PIE: Legislature wastes another session

Ad firm’s new HQ shows imagination: Former school gets makeover for Young & Laramore

VOICES FROM THE INDUSTRY: Mediocre planning efforts don’t invite people to stay

E-commerce can level the playing field:

Lucas owner says skeptics off base: ‘Small company’ big enough to handle major deal, he says

Hearthview becomes church’s reluctant savior: Developer chooses ‘significant’ financial hit over wrecking ball

Mega-hotel on city agenda: Pan Am Plaza possible site for 800-room development

Federal patent legislation could mean major changes: Proposed reform act could cut down on ‘trolling’ and litigation by switching approvals to a first-to-file system

Mooresville hospital plans next expansion: $33 million project would add emergency department, boost other service areas

SPORTS: A basketball breakfast you won’t soon forget

Short session long on action: Led by Major Moves, telecom successes, biz interests fared well in 2006 General Assembly

STATEHOUSE DISPATCH: Low poll numbers don’t seem to slow Daniels’ agenda

Breaking the glass ceiling: Despite gains, commercial real estate field still dominated by men

Forum Credit Union buys health-care consultant: Financial institution beefing up commercial services

You can take it to the bank: Financial experts say state’s economy is rising, merger mania isn’t over and regulatory laws could take a toll

City gives MSA developers another extension: Slow winter for sales center prompts 90-day delay

Federal deposit insurance reform beefs up coverage: Retirement savings accounts stand to benefit most

EYE ON THE PIE: Major Moves elicits childish behavior

SPORTS: It’s about more than hoops if Chicago gets tourneys

Ticked off over tickets: NCAA plans to battle hospitality brokers during Final Four