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Articles

Coming changes keep downtown a dining hub: Au Bon Pain coming to Circle, Noble Roman’s returns

September 26, 2005

Downtown is still sizzling for national restaurants looking to expand, based on recent deals. Au Bon Pain is cooking up a 2,200-square-foot Monument Circle store, taking over a recently closed Roly Poly Sandwiches shop and the Hardwickes Pipe & Tobacco that has entertained passersby for decades with its caricature statues. The Boston-based chain’s arrival in early 2006 will mark one of several dining changes near the Circle and one of the final steps in a tenant retooling of the Guaranty…

So far, VC deals scarce: BioCrossroads: Networking should spawn commitments

September 26, 2005

Almost two years ago, in October 2003, BioCrossroads debuted its $73 million Indiana Future Fund. In the time since, just three Indiana startups have received IFF-backed investments. But it’s not for BioCrossroads’ lack of trying. Both in public and behind the scenes, BioCrossroads is working diligently to put promising local life sciences prospects in front of venture capitalists. This year, BioCrossroads has already held two well-publicized Indiana Future Fund Entrepreneurial Forums: the first in April at Purdue University in West…

Succession plans overlooked by biz owners: Preparing for inevitable difficult but necessary

September 26, 2005

Go ahead. Ignore the inevitable. Refuse to imagine a future where anybody else could take over that corner office of yours with the big mahogany desk. You won’t be the only one. But you’ll regret it. “The biggest mistake people make-they don’t let go soon enough. They need to get other people involved along the way, maybe get them some equity along the way,” said Glenn Scolnik, CEO of locally based Hammond Kennedy Whitney & Co. Inc., the state’s largest…

Building boom out of hand?: Critics say hospital construction boosting health care costs

September 26, 2005

The network has launched a growth spurt that will take it into new markets, boost technology and strengthen Riley Hospital for Children all over the next few years. This construction also will pile on to the cost of health care, according to several researchers and health care experts. How that trickles down to the average patient bill, or if it does, remains to be seen. Consultant Edmund Abel has to think back more than 20 years to recall a capital…

Speaking of health care: Local experts weigh in on rising costs, the uninsured and whether our current system needs an overhaul Public health priorities, executive salaries and the “gold rush” of health care construction were among the topics tackled Sept

October 3, 2005

Public health priorities, executive salaries and the “gold rush” of health care construction were among the topics tackled Sept. 21 in the latest installment of Indianapolis Business Journal’s Power Breakfast Series. IBJ reporter Tom Murphy moderated the panel discussion, attended by some of the area’s foremost health care experts. Following is an edited transcript of the often-spirited discussion, which included a brief interruption by protestors seeking medical insurance coverage for janitorial staff who clean Anthem Inc. buildings. IBJ: Can you…

ABDUL-HAKIM SHABAZZ: Listen to a tale of two Indys

October 3, 2005

“It was the best of times, it was the worst of times … .” That is the opening sentence in the Charles Dickens novel, “A Tale of Two Cities.” The book is set against the backdrop of the French Revolution, a revolution where the poor and oppressed eventually rise up against the aristocracy. And while I’m not about to say 2005 Indianapolis is anything like 1789 Paris, I cannot help but wonder if, just like France of the 18th century,…

Coalition targets disparities in minority health care: Group enlists CEOs to help it develop plan of action

October 3, 2005

Black people are nearly twice as likely to have diabetes than white people, less likely to engage in leisure activity and, on average, die five years earlier. Those statistics from the Centers for Disease Control provide motivation for a local consortium that wants to improve health care for minorities. Known as the CEO Health Disparities Roundtable, the year-old group has moved from setting objectives to developing a plan of action. The plan is aimed at reducing health care disparities among…

Texas group roaring for Indians stock: Lion Fund dangles 40-percent premium for ballclub’s shares

October 3, 2005

A San Antonio-based hedge fund’s public solicitation of Indianapolis Indians stock is akin to a hostile takeover attempt, industry observers said. It also brings into question the succession plan of the Indians’ 72-year-old chairman, Max Schumacher, who owns 39 percent of the company’s stock. While officials for The Lion Fund LP said they aren’t looking to take majority control of the city’s AAA baseball franchise, they’re willing to pay a substantial premium over the Indians’ last buyback offer of $9,200…

Parents banking on storage of umbilical cord blood: Founder keeps research alive through Genesis Bank

October 3, 2005

Blood from the umbilical cord of a baby expected to be born in Indianapolis later this month will be collected after her birth and saved for her 5-year-old sister, who has been diagnosed with cancer. The stem cells extracted from the baby’s umbilical cord blood might someday save the life of her sibling. While doctors at Riley Hospital for Children wait and see if the young cancer patient responds to standard treatment over the next couple of years, the stem…

M-Plan might be ready to deal: State’s No. 2 health insurer talks merger with Ohio firm

October 3, 2005

M-Plan Inc., Indiana’s second-largest health insurer, has entered preliminary talks that could lead to a merger with Ohio’s oldest medical insurer. A source familiar with the discussions said they have centered on merging M-Plan’s Indianapolisbased parent, The HealthCare Group LLC, with Cleveland-based Medical Mutual of Ohio. The source, who asked not to be identified, said Medical Mutual would end up with the majority stake. M-Plan, a nearly 20-year-old insurer owned partly by the city’s Clarian and Community hospital systems, would…

Builders finding ways to go condo under $200K: There’s a ready market for entry-level housing downtown

October 3, 2005

Building bargain housing downtown isn’t easy. Ask Doug Jones, a principal in JLM Development, which is wrapping up its first downtown condominium project, a 26-unit community called Penn Square. Because they were working with multiple landowners, some out of state, it took Jones and his partners more than a year to acquire the single acre they needed for Penn Square, on the northwest corner of 22nd and Delaware streets. But once the developers cleared that hurdle, Penn Square went from…

NOTIONS: How big-ticket amenities deliver long-term ROI

October 3, 2005

Fourteen years ago this month, my new bride and I loaded our belongings onto a moving van in Bloomfield, Conn. We packed our cats, suitcases and a few heirlooms into our cars, and pulled away from our little apartment bound for a place called Indianapolis. As I followed Pam’s blue Accord through New York and New Jersey, Pennsylvania and Ohio, I listened to cassette tapes, trying to drown out the mews from the back seat. With David Sanborn and Stan…

CHRIS KATTERJOHN Commentary: Health care close to implosion?

October 3, 2005

The rash of specialty-hospital construction in the suburbs is a gold rush, driven more by greed than the desire to satisfy an unmet need. The fact that 45 million people in America are without health insurance is a deplorable national disaster. The best way to use America’s health care system is to not get sick. These aren’t the rants of a deranged publisher. These are comments made by a doctor and a pair of health care executives who were panelists…

TOM HARTON Commentary: Luring people with bricks, mortar

October 10, 2005

A parking garage is about to rise on a vacant lot at 120 E. Washington St. It’s ironic that a block or so west of the site, a group of architects, city planners, real estate developers and leaders of the city’s arts movement meet on a regular basis to plot against such garages. The garage in the works isn’t just any garage. In its current design, which is yet to be approved, it’s only a garage. No ground-floor retail. Just…

BEHIND THE NEWS: Exec tries to rewrite baseball legacy, but boo-birds abound

October 10, 2005

Emmis Communications Corp. CEO Jeff Smulyan ended up black and blue the last time he owned a baseball team. This time around, he’s taking blows even before he finds out whether he gets the team. Smulyan wants both Emmis shareholders and residents of the Washington, D.C., region to be excited about his group’s bid to buy the Washington Nationals from Major League Baseball for at least $450 million. But already leading an anti-Smulyan charge is Washington Post columnist Thomas Boswell,…

Pathway to growth: Production firm’s storytelling attracts national attention

October 10, 2005

Despite a wall lined with Emmy Awards and a client list including ESPN and VH1, Pathway Productions founder Michael Husain is as eager to talk about corporate work and Web site development as his firm’s latest Peyton Manning documentary or his work showcased in this year’s Heartland Film Festival. “The new media side of our business, and that includes Web site development, grew 100 percent in each of the last two years,” Husain said. “So you can see why we’re…

EYE ON THE PIE: Let’s make Indiana a true hub

October 10, 2005

Sometimes, the obvious is ignored. It is obvious that, geographically, Indiana holds a central position in North America. But when we think about economic development, we take this obvious point for granted. As business grows and incomes rise across the world, the demand for transportation increases. The question for Indiana becomes, “How much does this increase in demand translate into jobs and income for our citizens?” Most people understand that Indiana does not gain anything by having airplanes cross our…

Hancock explores ‘mean, lean operating room machine’: Hospital officials believe time is right for surgery center

October 10, 2005

Hancock Regional Hospital has dusted off plans to build an outpatient surgery center with some of its doctors, and it may turn for help to a business run by the competition. The Greenfield hospital has talked with Visionary Enterprises Inc., a for-profit subsidiary of Community Health Network; and another Indianapolis company, Russell Associates LLC, about forming a partnership to build the center. Hancock Regional executive Rob Matt called the discussions preliminary but said officials hope to pick a partner by…

Free market is best hope for health care:

October 10, 2005

Clearly, the U.S. health care system has its share of problems. Costs are rising rapidly, some 45 million Americans are without health insurance, and both doctors and patients decry their loss of options and control. But, would a government-run health care system be any better? Single-payer health care systems have been proposed in a handful of states as the solution to the problem of access for the uninsured. While single-payer plans can offer all citizens some type of health insurance…

Web service hungry for business: 46 local restaurants sign up for online takeout ordering

October 10, 2005

When pharmaceutical rep Andy Knopfmeier needed lunch for a 29-person obstetrics office he was calling on recently, he made it happen without picking up a phone or idling in a drivethrough lane. Instead, Knopfmeier-who provides lunch to doctors as a way to get in the door-went online two days before the meeting and ordered sandwiches, chicken nuggets and waffle fries from a Noblesville Chick-Fil-A. He prepaid the bill with a credit card and entered instructions on when he’d pick up…

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