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Cancer society scouts Clarian property for development: Former retirement home may serve as a Hope Lodge

June 27, 2005

An empty retirement home near Methodist Hospital may turn into a lodge that gives cancer patients a place to rest while they receive treatment in Indianapolis. The American Cancer Society is talking with Clarian Health Partners about planting a Hope Lodge on the site of the former Indianapolis Retirement Home, which sits across from Methodist on busy North Capitol Avenue. The cancer society operates 23 of these lodges in several states, but this would be the first Indiana location, according…

Clinic predicts Hamilton County will be fertile ground: Doctors relocate reproductive practice to growing area

June 27, 2005

Surgery centers and a heart hospital are among a host of health care facilities that have risen in burgeoning north-suburban Hamilton County in recent years. Now, a new fertility clinic could contribute to the population surge by helping couples conceive children. The 6,400-square-foot Follas Center for Reproductive Medicine opened late last month on East 146th Street in Noblesville in a collaboration between several Indianapolis reproductive medicine innovators. The center is a partnership between Dr. David McLaughlin, a local pioneer of…

Colts tout new stadium: Zupancic adds muscle to sales and marketing efforts

July 11, 2005

A multifaceted sales and marketing effort is being executed amid a front-office reorganization that includes replacing the team’s longtime marketing mastermind and adding nine positions to bolster ticket and sponsorship sales. The offensive is being quarterbacked by former strength and conditioning coach Tom Zupancic, who took over for Ray Compton when Compton left this off-season to form a consulting firm. The team says its sales and marketing initiative is already putting up big numbers, but today’s good news will quickly…

AAR lands another maintenance customer at base: Work for ATA Airlines raises questions about future of carrier’s own maintenance hangar as fleet shrinks

July 18, 2005

ATA Airlines Inc. has tapped aircraft repair firm AAR Corp. to refurbish up to 14 older Boeing 737s joining its fleet rather than using its own maintenance operation barely a mile away. The Indianapolis-based airline also is considering a plan to abandon its maintenance facility for a smaller location at Indianapolis International Airport, according to a source involved in the leasing discussions. The bankrupt carrier indicated in a court hearing last week that it would not reject its current maintenance…

Speculator’s personal bankruptcy may tinge spouse: Trustee sorting through assets of real estate investor Marten, jeweler wife

July 18, 2005

A real estate speculator whose wife owns a prominent Carmel jewelry store has filed for personal bankruptcy, spawning an inquiry into whether her assets should be available to repay his creditors. On April 27, Christopher Marten filed for Chapter 7 bankruptcy protection, listing assets of $1.03 million and liabilities of $2.56 million. The case is pending in U.S. Bankruptcy Court in Indianapolis. Marten’s 26 creditors include six banks and credit unions. Christopher Marten is married to Jan Marten, owner of…

Narrow Gate Media LLC: Brothers help others sell via the Web They’ve developed a template that can be tweaked to create unique sites

July 18, 2005

“People would always tell me I had the personality and social skills that made me a good salesman,” said Vaught, who, with his older brother Tim Vaught, founded Narrow Gate Media LLC in January 2000 in Indianapolis. For example, when Tom Vaught bought a motor scooter for his paper route, all his friends wanted to ride it, and he let them-in exchange for delivering the newspapers. “They got to ride the scooter and I still collected the money” from the…

Insurers look to make uncommon comeback: Pafco, Superior hope to leave rehabilitation this year

July 25, 2005

Only the hum of central air-conditioning broke the silence when Doug Symons recently led a quick tour of the Indianapolis office where his Superior Insurance Group once employed about 180 people. Rows of gray cubicles sat empty. Boxes filled with old claims and underwriting files lined the aisles. “This,” Symons said as he waved his arms around, “is what an empty office looks like waiting to be filled.” Those bare cubicles could fill up with dozens of new employees and…

Dose of OPPORTUNITY: Wellpoint, other health care insurers forge strategies to grab their share of Medicare drug-plan business

August 8, 2005

Afresh market that could be worth billions of dollars lies just over the horizon for health insurers like Indianapolis-based WellPoint Inc. Medicare, the U.S. government program for the elderly and disabled, will add a prescription drug benefit starting Jan. 1, and it could spend as much as $60 billion next year on medicines for 30 million people, according to Bloomberg News. But before insurers can start cashing in on this potential, they must develop their drug plans, win over some…

Trustee balks at creditor legal bill: ATA bankruptcy watchdog calls hours ‘unreasonable’

August 8, 2005

The bankruptcy court watchdog has sunk its teeth into the hind pockets of a New York law firm representing creditors in the ATA Holdings Corp. bankruptcy, howling that it billed more hours than even the airline’s own counsel. U.S. Trustee Nancy J. Gargula filed the objection July 27 in U.S. District Bankruptcy Court for the Southern District of Indiana, citing the “unnecessary and per se unreasonable” hours billed by Akin Gump Strauss Hower and Feld LLP between ATA’s Oct. 26…

SPORTS: Before the first kickoff, all is well on IU gridiron

August 8, 2005

C H I C AG O – Almost a year ago in this space, I wrote about IU’s then-new athletic director, Rick Greenspan, observing that his arrival coincided with the beginning of football season, which would allow him to be immediately confronted with the Athletic Department’s most pressing and obvious problem. Under Gerry DiNardo, an uninspired choice to begin with, Hoosier football was continuing its mired-in-the-muck ways, hopelessly spinning its wheels. Horrible as a game coach and even worse in…

IU makes pigskin promotional push: New coach, aggressive advertising are part of multi-prong strategy to escape financial hole

August 29, 2005

The Indiana University Athletic Department is intent on reaping financial rewards from its football program for the first time in more than a decade with a marketing campaign built around its affable new coach, Terry Hoeppner. IU officials said they will spend nearly as much on marketing the school’s football program this year as on Hoeppner’s $250,000 base salary. Bolstering football attendance is a critical step toward stopping financial hemorrhaging in the school’s Athletic Department, IU officials said. In 2004,…

Pervious concrete usage expected to rise in Indiana: Product touted as friendlier to environment, developers

September 5, 2005

“That’s called bioaugmentation,” said Pat Kiel, executive director of the Indiana Ready Mix Concrete Association. “Concrete science meets bioscience.” Nearly 90 percent of pollutants are typically carried by the first 1-1/2 inches of a daily rainfall into rivers and streams, according to the U.S. Environmental Protection Agency. The EPA requires that the first threefourths of an inch of rain each day be maintained on site until treated. Typically, most of that water, which includes “first flush” contaminants, is collected in…

City’s mall gamble paid off: After 10 years, Circle Centre at core of rejuvenated downtown

September 5, 2005

In February, Goldsmith suspended construction while he and advisers analyzed options. Within months, he gave Circle Centre the green light, and construction resumed-but not because he was convinced the project would succeed. “In the end, we decided job creation in the urban core and the psychological survival of the city were dependent on some development occurring downtown,” recalled Goldsmith, now a professor at Harvard University. “We went forward with the mall with great anxiety.” Today, 10 years after the September…

INVESTING: A small state stock that might be worth a look

September 26, 2005

I don’t often write about individual stocks, and it’s especially rare for me to discuss small companies. There are two reasons for this. First, a majority of my trading focuses on exchange traded funds, which are baskets of stocks that trade like individual issues. And the second is, individual stocks carry more risk, and I am all about cutting risk as much as possible. Occasionally, a small, relatively unknown company will grab my attention, and I’ll feel the need to…

Debtors hurry to file bankruptcy: Law that takes effect Oct. 17 makes filing harder, requires more to make restitution

September 26, 2005

Consumers who have been contemplating bankruptcy are now flocking to file before more stringent regulations take effect Oct. 17. Federal lawmakers passed a bankruptcy reform measure in March to make it harder for people to wipe away unsecured debt while keeping some protected assets. The aim is to curb perceived abuses of the system by shepherding more filers through Chapter 13-instead of Chapter 7-which requires consumers to at least repay some debt. Indiana already has a high bankruptcy rate. The…

‘1-of-a-kind’ Wal-Mart proposed: Michigan developer plans Carmel/Zionsville superstore

September 26, 2005

A Michigan developer plans to build a 300,000-square-foot shopping center anchored by a Wal-Mart Supercenter along Michigan Road north of 106th Street, continuing the rapid expansion of retail on the Michigan Road corridor. Heritage RDG LLC, a Grand Rapids, Mich.-based developer new to the Indianapolis market, recently filed plans with town officials in both Zionsville and Carmel to build the center. The 36-acre parcel straddles the Boone-Hamilton county line and must be approved by local governments in both counties. Project…

Tenacious spirit pays off for top real estate agent: With $45 million in 2005 home sales, Bif Ward just doesn’t give up when it comes to serving clients

October 10, 2005

Bif Ward has racked up some impressive numbers during her 26 years in residential real estate, and many think that’s because she caters exclusively to A-list clientele with pricey properties to buy and sell. But Ward is smart enough to know that brokering only for corporate bigwigs and local celebrities would get her nowhere fast, especially in a town where the average home price is just over $162,000. “All these expensive listings-if that’s all I did, I’d be broke,” said…

South-side exit finally sparking development: Wal-Mart might by key to I-65/County Line interchange meeting expectations

October 10, 2005

An interchange linking Interstate 65 and County Line Road completed six years ago is finally helping attract large commercial development to a busy Johnson County corridor. While Greenwood city officials are pleased by the amount of activity occurring there, they question why it took so long. “We thought it would take off much sooner than it did,” said Ed Ferguson, Greenwood’s director of planning, zoning and economic development. “We still have several hundred acres available in what we call the…

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…

NOTIONS: It’s not science: A role for religion in our schools

October 10, 2005

In Harrisburg, Pa., last week, a trial was in progress. Attorneys and witnesses weighed in on a federal case involving the Dover Area School District. Last year, school board members there voted 6-3 to impose a curriculum mandate. It said “intelligent design,” the newfangled term for what used to be called Creationism (the biblical explanation of how life began), must be taught in high school biology classes alongside science-based theories such as evolution and random selection. After the vote, the…

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Articles

Cancer society scouts Clarian property for development: Former retirement home may serve as a Hope Lodge

Clinic predicts Hamilton County will be fertile ground: Doctors relocate reproductive practice to growing area

Colts tout new stadium: Zupancic adds muscle to sales and marketing efforts

AAR lands another maintenance customer at base: Work for ATA Airlines raises questions about future of carrier’s own maintenance hangar as fleet shrinks

Speculator’s personal bankruptcy may tinge spouse: Trustee sorting through assets of real estate investor Marten, jeweler wife

Narrow Gate Media LLC: Brothers help others sell via the Web They’ve developed a template that can be tweaked to create unique sites

Insurers look to make uncommon comeback: Pafco, Superior hope to leave rehabilitation this year

Dose of OPPORTUNITY: Wellpoint, other health care insurers forge strategies to grab their share of Medicare drug-plan business

Trustee balks at creditor legal bill: ATA bankruptcy watchdog calls hours ‘unreasonable’

SPORTS: Before the first kickoff, all is well on IU gridiron

IU makes pigskin promotional push: New coach, aggressive advertising are part of multi-prong strategy to escape financial hole

Pervious concrete usage expected to rise in Indiana: Product touted as friendlier to environment, developers

City’s mall gamble paid off: After 10 years, Circle Centre at core of rejuvenated downtown

INVESTING: A small state stock that might be worth a look

Debtors hurry to file bankruptcy: Law that takes effect Oct. 17 makes filing harder, requires more to make restitution

‘1-of-a-kind’ Wal-Mart proposed: Michigan developer plans Carmel/Zionsville superstore

Tenacious spirit pays off for top real estate agent: With $45 million in 2005 home sales, Bif Ward just doesn’t give up when it comes to serving clients

South-side exit finally sparking development: Wal-Mart might by key to I-65/County Line interchange meeting expectations

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

NOTIONS: It’s not science: A role for religion in our schools