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BEHIND THE NEWS: Hilbert testimony ‘false and misleading’? Conseco says yes

November 27, 2006

Conseco Inc. already has won an $80 million judgment against Stephen Hilbert, a ruling the U.S. Supreme Court let stand this fall. Through the threeyear legal battle, attorneys for the two sides lambasted one another. Bad blood abounds. You ain’t seen nothin’ yet. Next month, in addition to staging a sheriff’s sale of Hilbert’s $20 million Carmel mansion, once the site of the states’s most lavish parties, the company plans to call Hilbert to the stand and accuse him of…

Doors still closed on Hamilton County bus service: Local officials continue to nail down preferred routes

November 27, 2006

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…

Bar-restaurant is graduating to the big city: Scotty’s Brewhouse opens first Indianapolis location, branching out from its roots in Hoosier college towns

December 4, 2006

Scott Wise compares his Scotty’s Brewhouse expansion to a washed-up college band that finally hits it big after 10 years. If that’s the case, his fourth location-and first in Indianapolis-just might go platinum. Before it opened Oct. 30, Wise estimated the 96th Street restaurant would gross $3.5 million in its first year; it’s already on track to reach $5 million. Wise, 33, tapped the college-town markets of Muncie, Bloomington and West Lafayette before taking on Indianapolis. He hopes the name…

Crystal Food Services to go national

December 4, 2006

Crystal Food Services plans to team with several prominent restaurant chains for a nationwide expansion after severing ties
with Marsh Supermarkets Inc. early next year. The locally based catering and food-service company will report directly to
Florida-based Sun Capital Partners, which acquired Marsh in September.

EYE ON THE PIE: ‘Tis the season for economic foolishness

December 4, 2006

This is the best time of the year. Thanksgiving is over and the signs of Christmas have yet to bore us. All the truly crazy people have identified themselves by shopping on the days immediately following Thanksgiving. New and old ideas are blossoming for consideration by the Indiana General Assembly. Gov. Mitch Daniels has given us the Commerce Connector, a nifty addition to our highway road map. This would be a new outer loop around Indianapolis, serving Greenfield, Shelbyville, Franklin…

Shoopman ready to build again

December 11, 2006

Paul Shoopman put 33 years into Dura Builders Inc. before selling his residential construction firm to national player KB
Home Inc. as the local housing market boomed. Two years later, he’s getting back into the business even as KB and others retrench.

Standard Management continues perilous skid: Company reports more losses; stock value sinks

December 11, 2006

Standard Management Corp. stock peaked five days into 2006 at $1.55. It’s spent the rest of the year in a free fall that observers believe will culminate with the company’s filing for bankruptcy. The Carmel-based pharmaceuticals distributor reported a $10 million loss in the third quarter, bringing losses for the first nine months of 2006 to $14 million. The red ink, along with executive turnover and a string of failed acquisitions, has sapped investor confidence. The company’s shares, which traded…

Hamilton County officials splash cold water on RiverPlace: Upstream trouble on White River could result from adding fill, overflow channel

December 11, 2006

A government panel is echoing the concerns of the Hoosier Environmental Council that Centre Properties’ proposed RiverPlace development along White River at 96th Street could worsen the effects of a flood. The Hamilton County Drainage Board doesn’t carry the weight of the U.S. Geological Survey, but its opinion could influence the giant, mixed-use project’s chances of winning a rezoning case. A letter the drainage board sent recently to the Fishers planning commission comes just before the Fishers Town Council considers…

VIEWPOINT: The Commerce Connector in perspective

December 18, 2006

As one who navigates the tangle of roads at interstates 69 and 465 frequently, my first reaction to the proposed Indiana Commerce Connector was positive-anything to relieve that mess. Looking at a map and considering, for example, a more direct connection between inter states 69 and 70 east of the city seems to make perfect sense. There are many questions to be answered, however, before the state should make a commitment to it. In considering such a major project, it…

Carmel company helps clients determine next big thing

December 25, 2006

The employees of production-innovation consultant Insight2 interview customers, but they also watch and videotape them using
various products. That footage then is dissected to see how consumers deal with problems they encounter. More times than not,
the result is a new product intended to satisfy needs consumers didn’t even know they had.

SPORTS: 2006 was a year of sports highs-and lows

January 1, 2007

What a mixed bag 2006 was. For every yin, there was yang. Yin: The Indianapolis Colts claimed home-field advantage in the NFL playoffs. Yang: They then lost to the Pittsburgh Steelers when mouthy M i ke Va n d e r j a g t gagged on the gametyin kick. Yin: The city hosted a simply extraordinary Final Four at the RCA Dome and welcomed to town a genuine Cinderella, George Mason. Yang: The games were one-sided, and, speaking of…

Business shoved aside: Readers say city should focus on crime, education in 2007

January 1, 2007

The brutal murders of seven family members, including three children shot dead in their east-side Indianapolis home, cast a dark cloud over the city last summer. Yet the June slayings only served as a harbinger of a wave of violence that later claimed 15 lives in a 10-day span. The crime spree rattled city leaders so severely that Mayor Bart Peterson declared an emergency normally reserved for a natural disaster. 2006 no doubt ranked among the most deadly years in…

Buyout frenzy hits Indiana firms:

January 1, 2007

The year closed with two multibilliondollar buyouts of Indiana public companies-Carmel-based Adesa Inc. and Warsaw-based Biomet Inc. It was a fitting way to wrap up what was a record year for U.S. buyouts, many of them launched by deep-pocketed private equity firms. Adesa, an operator of auto auctions, announced Dec. 22 that it will be sold to a group of private-equity investors, including New York-based Goldman Sachs Group Inc., for $3.7 billion. Four days earlier, Biomet, a maker of orthopedic…

Winona Hospital litigation fizzles

January 1, 2007

A court-appointed trustee in charge of Winona Memorial Hospital’s bankruptcy says he believes former owners fleeced it for
more than $4 million. But he has little to show from his two-year quest to recover money for creditors and now is winding
down the case.

Women builders see big growth: More opportunities seen in home construction

January 8, 2007

Indianapolis-area women are making their mark in the ownership and management of residential construction businesses, following decades of working behind the scenes. Women account for 47 percent of privately held firms in the United States, according to the U.S. Department of Labor. That number is growing, and the greatest growth is in construction. The National Association of Home Builders Women’s Council reports that the number of women-owned businesses in the building industry has risen 30 percent since 1997. “One of…

Blue Crew Sports Grill beating the odds

January 8, 2007

Being an Indianapolis Colts fan doesn’t mean you will necessarily succeed at running a Colts-themed restaurant, but Blue Crew
Sports Grill owners Randy Collins, Dan Dilbeck and Everett Myers aren’t ordinary fans. They are three pillars on which one
of the National Football League’s biggest fan clubs has been built.

ChaCha raised $6 million from tech luminaries in ’06

January 8, 2007

ChaCha, the Internet search engine co-founded by Carmel tech entrepreneur Scott Jones received commitments of $6 million in private financing last year from investors including Jeff Bezos, who started Amazon.com. Other investors in the Indianapolis start-up are Compaq Computer founding CEO Rod Canion and Jack Gill, who co-founded of the Palo Alto, Calif., venture capital […]

Columbia Club faces membership, financial issues

January 15, 2007

The Columbia Club, the tradition-rich enclave where the city’s business elite have gathered and cut deals for more than a
century, is facing declining membership, the departure of its longtime general manager, and looming financial challenges–including
a $5.5 million loan that comes due this summer.

Getting to know you: Companies are using sites like MySpace to learn much more about job candidates

January 15, 2007

In today’s Internet age, companies are going well beyond reading rÃ©sumÃ©s and contacting references to check out job candidates. More and more would-be employers are turning to the Web to conduct background checks on prospects. MySpace and Facebook are two hugely popular social networking sites where college and high school students often post risquÃ© photographs and provocative content about drinking, recreational drug use, sexual exploits and other personal conduct. But what some job seekers might mistakenly consider relatively private information…

Local sign makers enjoy brisk business thanks to bank mergers

January 15, 2007

Bank mergers have proven lucrative for local sign companies over the years. A string of mergers in the late 1980s and early
1990s wiped out the city’s three big national banks–American Fletcher, Merchants National and Indiana National. In the years
since, the industry has continued to consolidate, spawning a flurry of additional name changes.

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People

Kurt Beier

Articles

BEHIND THE NEWS: Hilbert testimony ‘false and misleading’? Conseco says yes

Doors still closed on Hamilton County bus service: Local officials continue to nail down preferred routes

Bar-restaurant is graduating to the big city: Scotty’s Brewhouse opens first Indianapolis location, branching out from its roots in Hoosier college towns

Crystal Food Services to go national

EYE ON THE PIE: ‘Tis the season for economic foolishness

Shoopman ready to build again

Standard Management continues perilous skid: Company reports more losses; stock value sinks

Hamilton County officials splash cold water on RiverPlace: Upstream trouble on White River could result from adding fill, overflow channel

VIEWPOINT: The Commerce Connector in perspective

Carmel company helps clients determine next big thing

SPORTS: 2006 was a year of sports highs-and lows

Business shoved aside: Readers say city should focus on crime, education in 2007

Buyout frenzy hits Indiana firms:

Winona Hospital litigation fizzles

Women builders see big growth: More opportunities seen in home construction

Blue Crew Sports Grill beating the odds

ChaCha raised $6 million from tech luminaries in ’06

Columbia Club faces membership, financial issues

Getting to know you: Companies are using sites like MySpace to learn much more about job candidates

Local sign makers enjoy brisk business thanks to bank mergers