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Bye-bye blight?: Developers grabbing parcels east of Circle Centre mall

October 10, 2005

Several groups are floating plans and crunching numbers for downtown hotel or condo projects east of Circle Centre mall, an area that has been largely passed over for new developments in recent years. One of the more imminent projects is a large mixed-use development for the quarter-block at Maryland and Pennsylvania streets, now occupied by surface parking lots and a 9,000-squarefoot office building. A group that includes local developer J. Greg Allen has four separate parcels at the corner under…

SPORTS: Hoop paths of Indiana and Lithuania finally cross

October 10, 2005

In the small republic by the Baltic Sea-population 3.4 million-many youngsters grow up dreaming the same kinds of hoop dreams young Hoosiers do. “Basketball in Lithuania is even crazier,” Jasikevicius, a 6-foot-4-inch guard, said recently at Conseco Fieldhouse, moments after finishing his first official practice as a Pacer. “We always call it our second religion.” During the 50 years Lithuania was part of the Soviet Union, players from the republic were the nucleus of the USSR national teams. It was…

Pacers’ new game plan: polish team persona: NBA squads must comply with tough conduct rules

October 10, 2005

Almost a year removed from the infamous brawl in Detroit, the Indiana Pacers are ready to put their best foot forward. And they’re getting a hand-or more like a foot in the backside-from NBA Commissioner David Stern. Stern on Sept. 28 handed down new league dress code and conduct rules aimed at brightening the image of players and making them more accessible to fans, community groups and media outlets. The rules-which require players to wear sport coats, collared shirts and…

Herron-Morton planning grows beyond art campus: Foundation hopes to redevelop 3 nearby buildings

October 10, 2005

Members of Herron-Morton Place Foundation Inc. are ecstatic that city planners chose their proposal to rehabilitate three vacant buildings as part of a larger redevelopment of the former Herron School of Art campus. The dilapidated structures, known as the Foundry buildings, are a block east of the campus. Under the foundation’s plan, they will be transformed into retail shops and should benefit from the foot traffic generated by the revitalization of the Herron property on 16th Street. But now comes…

Bob Wilson & Associates Inc.: Consultant helps companies predict workers’ potential Personality test provides key information to guide businesses’ personnel decisions

October 10, 2005

Personality test provides key information to guide businesses’ personnel decisions It may not be fortunetelling, but the Predictive Index gives important clues about an individual’s success or failure in certain jobs. In Indiana, Michigan and Ohio, the trademarked personality test is licensed to Bob Wilson & Associates Inc., a Carmel consulting firm that works with more than 200 companies, helping with hiring, retaining, managing and motivating employees. The firm also works with corporations on strategy and other management services. Wilson,…

EYE ON THE PIE: Let’s put retail where we want it

October 17, 2005

Before we get into anything this week, let me clear up an error from last week. I wrote that Techpoint received $2.3 million in government incentives for locating at Indianapolis International Airport. The company was Transpoint. My apologies to all who have cause to be offended. Now let’s get on to the problem of the chicken and the egg. Many folks wonder which came first. When we have trouble identifying causality, we cite the chickenand-egg problem. Is the clothing store…

Boom, baby: Tourism industry preps for growth: Convention center, stadium may add thousands of jobs

October 17, 2005

The dirt is still fresh from the Colts’ stadium ground breaking, but local hospitality professionals already are planning for the growth it will spur in their industry. Experts project as many as 25,000 additional jobs by 2010, when both the stadium and a 275,000-square-foot expansion of the Indiana Convention Center are scheduled to be complete. That tally counts jobs created in those facilities as well as in hotels, restaurants and other attractions. Officials expect 4,200 jobs to be added in…

SPORTS: We’ve arrived as a big-time football town-for now

October 17, 2005

Are you ready for some football? Of course you are. That the Indianapolis Colts are making the first of not one, not two, but three appearances on ABC’s “Monday Night Football” is once again recognition of the obvious, which is that Jim Irsay’s ownership, Bill Polian’s leadership and Tony Dungy’s coaching have made the Horseshoes as hot a commodity nationally as they are locally. Not that Peyton Manning, Edgerrin James, Marvin Harrison, Dwight Freeney, Gary Brackett, Cato June et al…

Willingness to adapt keeps benefits firm growing: Key adjusts to ever-changing health insurance market

October 17, 2005

Larry Dust capitalized on a then-radical health insurance concept 25 years ago that thrust him to the forefront of the corporate movement to outsource employee benefits services. Much has changed in the world of health care since, but Dust and Key Benefit Administrators Inc. continue to redefine the way employers approach insurance. “The cheese has moved in this business,” Dust said, “and if you don’t believe it, you better get out.” The 57-year-old Knox native entered the insurance industry after…

Art school to compete with Herron, U of I: For-profit Art Insitutue has designs on new programs

October 17, 2005

The city’s newest art school has existing programs here sharpening their colored pencils and preparing for a showdown at the easel to attract new students. The Art Institute of Indianapolis earlier this month launched a marketing campaign seeking students for its first classes, which start Jan. 9. The for-profit school at the Pyramids is owned by a Pittsburgh firm. It plans to offer a two-year degree in graphic design and four-year degrees in graphic design, interior design and interactive media…

Florida sun is shining on PRI trade show: Growth could jeopardize event’s return in 2010

October 17, 2005

The sun is rising on a new era for the Performance Racing Industry Trade Show-in Orlando. Formerly one of Indianapolis’ three biggest trade shows, PRI is now growing great guns in the Sunshine State. With 700-plus more booths sold this year over 2004, its last year here, and an additional 250 exhibitors added to the show’s 2005 lineup, the grass in Orlando-and PRI’s bank account-appears quite a bit greener. “We knew there was pent-up demand, but we didn’t think there…

COLD PROSPECT?: New stadium may not overcome climate, lack of corporate clout as city vies for Super Bowl

October 17, 2005

Did NFL Commissioner Paul Tagliabue do a snow job on Indiana legislators? Tagliabue dangled visions of Indianapolis’ hosting a Super Bowl when he made the case for a $625 million stadium before Indiana lawmakers earlier this year. Now construction is under way, and local officials are watching 2006 host city Detroit to see if it can warm skeptics to the idea of playing the Super Bowl in a cold-weather city. But some observers of the big game doubt Indianapolis has…

Premiums continue to climb: Rate increases may dip, but not by very much

October 17, 2005

After four years of double-digit rate hikes, average health care insurance premiums rose less than 10 percent in 2005. And they’re expected to rise less than 10 percent again in 2006, according to several national surveys. But excuse employers if they don’t get excited about the trend. They are still faced with having to pay much higher prices or trimming benefits-or both. Health care insurance premiums this year increased 9.2 percent, a 2-percent drop in the average increase from the…

Were IPL earnings too big?: Secret biz plan: Execs feared state would order refunds

October 17, 2005

In May 2003, the top brass at IPALCO Enterprises Inc. was running the numbers and saw potential regulatory trouble down the line. The latest projections showed the Indianapolis Power & Light Co. parent would earn a return on equity more than double the industry average for years to come, according to a confidential business plan drafted that spring. Not only might state regulators question whether IPALCO was earning too much money from customers, they also might apply existing case law…

Guidant stock sales may fuel shareholder lawsuits: 4 insiders have cashed in more than $91M in shares

October 24, 2005

Top Guidant Corp. insiders have unloaded more than $100 million in company stock in recent months, a move that will blunt the financial impact they’ll feel if the Indianapolis company and Johnson & Johnson renegotiate the terms of their $25.4 billion merger. The sales also will serve as grist for class-action attorneys, who filed several lawsuits this summer charging insiders concealed from investors defects in the company’s heart devices. By not promptly disclosing defects publicly, one classaction suit filed in…

Emerging Tech, Johnson centers team up: Partnership links incubator’s startups with entrepreneurship students

October 24, 2005

Now as executive director of Indiana University’s Johnson Center for Entrepreneurship & Innovation, he has high hopes for his latest effort to introduce students to the real world of business. The Johnson Center, based in Bloomington, opened an office earlier this month at the Indiana University Emerging Technologies Center in downtown Indianapolis. The space gives MBA students the opportunity to provide consulting services to the 22 startups at the incubator. Unlike BSU seniors in the “spine-sweating” course who present an…

Lathering up for a buyout?: Local hair care products biz Kenra could fetch $80 million

October 24, 2005

Kenra LLC, a locally based hair-care products manufacturer that has nearly tripled its revenue in six years, is looking for a buyer. New York-based Giulliani Capital Advisors LLC is helping the 76-year-old company find a suitor, according to sources familiar with the situation. Kenra reported its annual sales doubled last year to $80 million on the strength of a new line called Kenra Platinum, an upscale haircare collection. Company officials told Women’s Wear Daily in March sales could increase another…

Ahnafield helps disabled achieve self-dependence: 34-year-old firm makes high-tech mobility products

October 24, 2005

Driving a road sweeper when he was 18 years old, Ryan Kruse never saw the train that slammed into his vehicle and turned him into a quadriplegic. College and other plans for the future seemed out of reach for Kruse, who was paralyzed from his chest down that day 13 years ago. But recently, Kruse, who is working on a second bachelor’s degree at IUPUI, traveled to Georgia to celebrate his grandmother’s 80th birthday. He drove. With only limited use…

SPORTS: My apologies to the commish; college football rules

October 24, 2005

In that span, I viewed Indiana-Iowa, Purdue-Northwestern, Ohio State-Michigan State, Minnesota-Wisconsin, Notre Dame-USC, Michigan-Penn State and UCLAWashington State. Sometimes simultaneously. That’s because I also have picture-in-picture, which I also believe to be one of the great inventions of all time. Anyway, by the time day turned into night, I again was reminded why college football-with all due respect to the Indianapolis Colts and the NFL-remains far and above the superior form of the game. Allow me to clarify. There is…

BioStorage gets set for major expansion: Three-year-old local firm eyeing West Coast, Europe

October 24, 2005

The 60 industrial-size freezers standing in formation like soldiers at attention look unassuming from the outside, but their contents are invaluable. Stored at temperatures of minus-80 degrees Celsius, the millions of biological samples inside the far-west-side warehouse represent the future of disease research and drug development. The repository is operated by BioStorage Technologies, a 3-year-old venture created by a pair of researchers who met at the local office of Princeton, N.J.-based Covance Inc., a drug-development services firm. Oscar Moralez developed…

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Articles

Bye-bye blight?: Developers grabbing parcels east of Circle Centre mall

SPORTS: Hoop paths of Indiana and Lithuania finally cross

Pacers’ new game plan: polish team persona: NBA squads must comply with tough conduct rules

Herron-Morton planning grows beyond art campus: Foundation hopes to redevelop 3 nearby buildings

Bob Wilson & Associates Inc.: Consultant helps companies predict workers’ potential Personality test provides key information to guide businesses’ personnel decisions

EYE ON THE PIE: Let’s put retail where we want it

Boom, baby: Tourism industry preps for growth: Convention center, stadium may add thousands of jobs

SPORTS: We’ve arrived as a big-time football town-for now

Willingness to adapt keeps benefits firm growing: Key adjusts to ever-changing health insurance market

Art school to compete with Herron, U of I: For-profit Art Insitutue has designs on new programs

Florida sun is shining on PRI trade show: Growth could jeopardize event’s return in 2010

COLD PROSPECT?: New stadium may not overcome climate, lack of corporate clout as city vies for Super Bowl

Premiums continue to climb: Rate increases may dip, but not by very much

Were IPL earnings too big?: Secret biz plan: Execs feared state would order refunds

Guidant stock sales may fuel shareholder lawsuits: 4 insiders have cashed in more than $91M in shares

Emerging Tech, Johnson centers team up: Partnership links incubator’s startups with entrepreneurship students

Lathering up for a buyout?: Local hair care products biz Kenra could fetch $80 million

Ahnafield helps disabled achieve self-dependence: 34-year-old firm makes high-tech mobility products

SPORTS: My apologies to the commish; college football rules

BioStorage gets set for major expansion: Three-year-old local firm eyeing West Coast, Europe