Market Square development deadline looming
Rival developers are dusting off plans for the former Market Square Arena site now that the partnership the city chose for the project appears on the verge of missing the Aug. 31 deadline to buy the land.
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VOICES FROM THE INDUSTRY: Interviews can work, but they often need improvement
“You will have 30 minutes.” Most project interviews begin with those five words. Design firms usually get 30 short minutes to persuade prospective clients to hire them for a project. Often, when all is said and done, both the designer and prospective client for the project, however, the guy sold his firm and retired to Florida. The interview certainly can make a difference, as it did in these three cases (although mostly for the wrong reasons). But most marketing experts…
IPL seeks to expand green plans
Electric customers would gain new payment options and more access to “green power,” and Indianapolis Power & Light would have more opportunities to profit, under a plan the utility filed Aug. 23 with state regulators.
Pepsi considering mammoth warehouse on west side: Sources say firm’s been scouting sites since spring
A firm representing PepsiCo Inc. has been scouting sites on Indianapolis’ west side for a mammoth warehouse and distribution facility, and sources said the beverage giant is leaning toward a site near its Gatorade bottling plant. Local real estate brokers said Chris Clayton, a broker with the Cleveland office of Dallas-based Staubach Co., visited sites and put out a request for proposals for the project in early April, calling for 1 million square feet of industrial space with the possibility…
CHRIS KATTERJOHN Commentary: Wall Street and cowboy ethics
CHRIS KATTERJOHN Commentary Wall Street and cowboy ethics Today, thanks to companies like Enron and WorldCom and to news like recent revelations about stockoption back-dating, the ethics and character of businesspeople, particularly those in corporate America, have come into question. And rightfully so. There’s been enough news of malfeasance and greed in the last decade to choke a horse. One Wall Street veteran of 35 years was so troubled by the trend that he got up in the saddle and…
Chamber of Commerce explores casino recommendation
To shore up local government’s enormous financial shortfalls, the Greater Indianapolis Chamber of Commerce has begun investigating whether it wants to push for a downtown casino–a politically explosive idea that would face widespread opposition.
Developer has big plans for long-vacant drive-in: N.Y. firm has 93-acre Lawrence site under contract
A 93-acre former drive-in south of the former Fort Benjamin Harrison has sat vacant since the theater closed in 1993. But now a Rochester, N.Y., developer has agreed to buy the property and envisions building retail space plus either a light-industrial business park or a medical campus. If it comes to pass, the large development could kick-start Lawrence’s efforts to revitalize struggling portions of Pendleton Pike. Norry Management Corp. has had the land under contract since spring and is preparing…
Kite, Mansur, White pitch airport hotel
Three developers are vying for the chance to build a four-story, 250- to 300-room hotel connected to the new $974 million midfield terminal and garage at the Indianapolis International Airport.
Massive hotel project could advance without city help: Redevelopment would be on a smaller scale
Land near Victory Field could get hundreds of additional hotel rooms even if the developers that control the site don’t receive city incentives they’re seeking for a huge convention hotel project. Merrillville-based White Lodging Services Corp. and Indianapolis-based REI Real Estate Services are asking the city to invest $45 million to $55 million toward a $250 million campus of hotels on land that’s now home to a 235-room Courtyard by Marriott and a TGI Friday’s. If they don’t win the…
NaClor picks spot for $40 million plant: South-side parcel considered for chemical factory
Backers of a proposed $40 million Indianapolis chemical plant are eyeing a south-side parcel near White River, but neighbors worry fumes from the facility will drag down property values nearby. In the spring, local economic development groups trumpeted Indianapolisbased NaClor Inc.’s decision to build the plant here. In return for the 53 new jobs-making bleach and other chemicals used in soaps, detergents and water quality treatment-the state promised $2.8 million in tax cuts and training grants, and the city offered…
Techies push for education initiatives: Daniels administration trying to heed call to build a better-equipped work force with ‘Accelerating Growth’ plan
The numbers are daunting. According to Gov. Mitch Daniels’ economic development plan “Accelerating Growth,” Indiana ranks 35th out of 50 states for the proportion of its population with at least an associate’s degree. Worse, it ranks 47th for bachelor’s degrees. A full million Hoosiers “lack the basic skills necessary for 21st century employment,” according to the plan. That’s about a sixth of the state’s population. High-tech leaders are increasingly focused on reversing the trend. They know the availability of a…
Critics question trustee’s property portfolio given mission to help needy
Center Township has real estate holdings worth more than $10 million, according to IBJ research. The township’s robust real estate portfolio—highly unusual for an Indiana township—fits Trustee Carl L. Drummer's vision for his taxpayer-supported office. But it makes others see red.
Bypass too tentative to affect land values, experts say: Property near toll-road exits may be coveted eventually, but uncertain route should keep speculators at bay for now
When Gov. Mitch Daniels unveiled his ambitious but vague plan for an outer loop around more than half of Indianapolis, some landowners in the potential path panicked while others dreamt of a windfall. But local experts say, until a route is more defined, neither worry nor anticipation is warranted. “There are so many outstanding issues,” said Abbe Hohmann, a land-price expert for the local office of St. Louisbased Colliers Turley Martin Tucker. Hohmann said two types of buyers usually drive…
State offers red carpet to ethanol plants despite environmental concerns
The Indiana Department of Environmental Management proposes a change in regulations that could reduce the time it takes to approve air permits for ethanol plants. The change would establish industry-specific control standards for emissions.
Proposed highway could ease congestion, but transit backers say it won’t
A 2005 study for the state says an outer highway loop-like the one Gov. Mitch Daniels proposed Nov. 9-would reduce traffic northeast of the city, potentially splashing cold water on a rapid transit plan. But supporters aren’t backing down.
CHRIS KATTERJOHN Commentary: Working together on multiple fronts
Nov. 14 was a good day for Indianapolis. It was the day we learned the Diversity Leadership Academy of Greater Indianapolis is alive and well. Three years ago, I attended the academy in the inaugural year of a three-year program that was brought here by Atlanta-based American Institute for Managing Diversity. What facilitated its arrival in 2003 was a three-year sponsorship to the tune of more than a half-million dollars by Anthem, a local company that has been at the…
Doors still closed on Hamilton County bus service: Local officials continue to nail down preferred routes
Bus service to Hamilton County won’t begin this year, as some commuters and planners had hoped. But the 10-month reconstruction of Interstate 70 across Indianapolis’ east side, starting in February, could push the accelerator to get service started. “I’d certainly hope so ….The work on I-70 is probably going to make the commuters’ ride a little tougher,” said Gary A. Huff, town manager of Fishers. It was another interstate project, the 2003 Hyperfix of the interstates 65/70 split downtown that…
ECONOMIC ANALYSIS: Legislative process has its own language
It’s probably not wise to admit this in a family-friendly publication, but one of my favorite comedians always has been George Carlin. The man has a genius for zooming in on the language we hear and use every day and finding nuances and symbolism that we never knew was there. Every time I land in an airplane, I have to laugh, because George Carlin reminded us how crazy it is for the pilot who landed at the same time we…
IPL plan secrecy brings rebuke from watchdog group
The state’s public access counselor says Indiana’s utility regulators failed to make a legal case for keeping information
about Indianapolis Power & Light’s controversial “Elect Plan” out of public view.Legislators set for full-day push: Everybody seems to want all-day kindergarten, but questions linger over pace of implementation and funding
It’s the definition of an issue ripe for bipartisan compromise. Gov. Frank O’Bannon, a Democrat, proposed the state should underwrite full-day kindergarten in public schools. His successor and fellow Democrat, Joe Kernan, supported the idea. And now Gov. Mitch Daniels, a Republican, has taken up the early-education cause. “It’s almost universally acknowledged to be a good idea,” said Indiana Legislative Insight Publisher Ed Feigenbaum. “It’s simply a matter of, ‘Where do we come up with the funding?'” According to the…