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    Mark Busalacchi

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Articles

THE TRAVELING LIFE: Walking-and dancing and dreaming-in Memphis

September 29, 2008

In past columns, I have written about travel to far away places, but there are plenty of discoveries to be made and interesting sights to be seen in cities closer to home. Our recent four-day trip to Memphis is a case in point. We made the obligatory stop at Graceland, where the tagline on all their brochures and ads says, “Where Elvis lives.” Interesting, but we were more intrigued by Sun Studios, where the story really began. That’s where the…

VIEWPOINT: Think you can move fast? Look at China

September 29, 2008

This month, I am making my 50th trip to China. My first trip was in 1995 to identify a possible Chinese partner for a manufacturing joint venture in Nantong. When the potential partner honored me by serving a coiled snake as one of the main dishes, I thought, “What am I doing here?” But that’s what change is all about-delving into the unfamiliar. Four years later, we had found a trusted partner, signed a joint venture agreement, located the proper…

Donation of Columbus architectural marvel hinges on IMA’s ability to fund endowment

September 22, 2008

Columbus philanthropist J. Irwin Miller’s family is poised to donate his majestic home to the Indianapolis Museum of Art,
provided it can raise millions of dollars to maintain the sprawling Bartholomew County property. IMA board members have given
CEO Maxwell Anderson the go-ahead to seek funding for an endowment to care for the home.

VOICES FROM THE INDUSTRY: Plans for a new building should include move-in

September 22, 2008

New buildings are energizing ventures. They magnify the impact of new programs, they enable new technologies, and they reflect the kind of places we want to live and work. Or, at least they should. After the fanfare, the speeches and the ribbon-cutting ceremonies, the real users move in. Then the questions start: “Who decided this?” and “Why is this here?” and “What is this for?” The excitement of moving into a new building can quickly turn into frustration. It doesn’t…

Tough economy touching all industries, but some are hurting more than others

September 22, 2008

Stock markets are falling, jobs are disappearing, and the outlook for the economy seems grim. Banks, real estate developers,
retailers and manufacturers are taking the worst hits, but all types of businesses in central Indiana are hurting. From health
care to technology, education to philanthropy, every industry is trying to take the setbacks in stride.

Airport hoping to double ad revenue with digital push

September 15, 2008

Indianapolis International Airport officials hope to double advertising revenue, pushing it past $1 million, when the midfield
terminal opens in November. That income, officials said, is important because it helps ease pressure on cash-strapped
airlines, allowing them to focus on offering more flights. The airport relies on non-airline revenue, such as food sales and
advertising, for about 60 percent of its revenue.

Mayor says some of 38 TIF districts have problems, might need reorganization

September 15, 2008

Mayor Greg Ballard worries his predecessor, Bart Peterson, may have overreached with his ambitious tax-increment-financing
district for the last phase of Fall Creek Place. That phase of the renewed urban neighborhood isn’t producing enough revenue
to support its $6.2 million in outstanding bonds. And Ballard is not sure all of Marion County’s 37 other TIF district are
necessary, either.

Watch out, King David

September 11, 2008

A California chain called Jody Maroni’s Sausage Kingdom plans to open a new store in Circle Centre Mall. The restaurant calls itself “Home of the Haut Dog” and serves gourmet…

Experts: Building boom not over: Big projects wind down, but new ones fill pipeline

September 8, 2008

The completion of $2 billion in city construction projects has left a gaping hole in contractor job schedules-as wide as when the roof opens at Lucas Oil Stadium. Even so, industry leaders remain optimistic about staying busy despite the combination of a tepid economy and the end of a local boom that stretched the limits of the labor pool. The $1.1 billion airport midfield terminal project, the $715 million stadium and $150 million Central Library expansion helped to create so…

Airlines say airport’s deal with FedEx over expansion is likely to raise landing fees

September 1, 2008

Five airlines at Indianapolis International Airport–all of them paying higher fees and rents to help
pay for the $1.1 billion midfield terminal–complain they may be stuck footing the bill for part of the
$214 million FedEx cargo-hub expansion.

Law targeting controversial landfill only fuels fight

September 1, 2008

Even for those with
a vested interest in the battle over a proposed landfill near Anderson, it’s hard to get too worked up over the latest twist
before the courts or government agencies. After all, the Mallard Lake Landfill battle is in its 29th year.

Airlines balk at hub bill: Carriers say airport’s deal with FedEx over expansion is likely to raise landing fees

September 1, 2008

Five airlines at Indianapolis International Airport–all of them paying higher fees and rents to help pay for the $1.1 billion midfield terminal–complain they may be stuck footing the bill for part of the $214 million FedEx cargo-hub expansion. The dispute is detailed in a recent Federal Aviation Administration decision on a complaint filed in April 2007 by Northwest Airlines, Delta Air Lines, AirTran Airways, Continental Airlines and Southwest Airlines. It provides a rare look into the sometimes fractious relationship between…

Law targeting controversial landfill only fuels fight: Would-be operator, citizens group are back in court

September 1, 2008

Even for those with a vested interest in the battle over a proposed landfill near Anderson, it’s hard to get too worked up over the latest twist before the courts or government agencies. After all, the Mallard Lake Landfill battle is in its 29th year. The latest development, one that opponents of the project had hoped was the silver bullet to fell their garbage Dracula, is starting to look just as inconclusive as countless other chapters, at least for now….

Colts cuts not made on emotion

August 26, 2008

First and foremost Indianapolis Colts President Bill Polian is a businessman. And he’s one of the best in the National Football League. Don’t expect Polian to get too giddy over the extra bucks…

RETURN ON TECHNOLOGY: Can you still do business while unconnected? Amid the legions of the digital fanatics are the professionals who just say no to gizmos and gadgets

August 18, 2008

I’m not big on those classification schemes that put people into categories. You know what I mean, schemes such as, “There are two kinds of people in the world: those who classify others, and those who don’t.” I’m not sold on Myers-Briggs, for example. I consider it a parlor game with no significant predictive value. All classification schemes leak around the edges, so I avoid them for the most part. However, there is one categorization to which I now subscribe:…

Developer pegs Plainfield for spec office building: Local real estate brokers question potential demand

August 18, 2008

Now a developer is banking on a new roadway and airport terminal to attract office tenants, although some brokers familiar with the area aren’t sold on the idea. The local office of Chicago-based Verus Partners LLC finished purchasing 200 acres along the east side of the Reagan Parkway and plans to build a 60,000-square-foot, two-story speculative office building. Verus’ mixed-use office and industrial park is called GreenParke at Airwest and could be ready for occupancy by next summer. Infrastructure work…

Slump leaves empty feeling for subdivision residents: Developers struggling to finish what they started

August 18, 2008

The marketing material for the Sedona Woods community in Fishers boasts that once word gets out, home lots are sure to sell out quickly. In hindsight, the statement couldn’t have been further off the mark. Roughly four years later, the subdivision that ultimately was to contain hundreds of homes built by Davis Homes LLC remains unfinished. And now, after the local builder ceased operations in late July, completion could take even longer. Sedona Woods at Promise Road and 136th Street…

VOICES FROM THE INDUSTRY: An open letter to the commercial lending community

August 18, 2008

Dear lenders: Perhaps you have seen the recent headlines that declared suburban Indianapolis among the best places in the country to live and raise a family. Perhaps you’ve also taken note that there are a lot of things happening in our communities. Big projects abound in the Indi anapolis area, including Lucas Oil Stadium and the Midfield Terminal at Indianapolis International Airport. People are so excited about the new stadium they lined up for hours trying to get a tour…

Slump leaves empty feeling for subdivision residents: Developers struggling to finish what they started

August 18, 2008

The marketing material for the Sedona Woods community in Fishers boasts that once word gets out, home lots are sure to sell out quickly. In hindsight, the statement couldn’t have been further off the mark. Roughly four years later, the subdivision that ultimately was to contain hundreds of homes built by Davis Homes LLC remains unfinished. And now, after the local builder ceased operations in late July, completion could take even longer. Sedona Woods at Promise Road and 136th Street…

VOICES FROM THE INDUSTRY: An open letter to the commercial lending community

August 18, 2008

Dear lenders: Perhaps you have seen the recent headlines that declared suburban Indianapolis among the best places in the country to live and raise a family. Perhaps you’ve also taken note that there are a lot of things happening in our communities. Big projects abound in the Indi anapolis area, including Lucas Oil Stadium and the Midfield Terminal at Indianapolis International Airport. People are so excited about the new stadium they lined up for hours trying to get a tour…

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