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Articles

EYE ON THE PIE: It is time to accept I-69 and move on

December 25, 2006

I don’t want to write this column; you don’t want to read it. Yet, I must respond to the diehards who insist that building Interstate 69 (and almost any other road) will be detrimental to our state. Several economic and environmental studies support the Bloomington-Crane-Washington-Petersburg route to Evansville. Yet, time after time, supporters of the Terre Haute-Sullivan-Vincennes-Princeton route rise up and demand a reconsideration of the path. The Terre Haute crowd is afraid it will lose something if the Bloomington…

BULLS & BEARS: This year has been good, but 2007 might be better

December 25, 2006

If you are reading this before Christmas Day, you most likely have only about 24 hours of shopping time left to find that last stocking stuffer. What are you doing reading this now? Get out there and finish shopping! Or, if you are reading this after Christmas Day, I hope Santa was good to you. Unless something dramatic happens to the stock market in the last two weeks of the year, your portfolio should be shouting “hoho-ho” with gains for…

Verizon amphitheater might be redeveloped

December 25, 2006

The potential redevelopment of Verizon Wireless Music Center in Noblesville could open the door for a new concert venue in
Indianapolis, but industry veterans don’t expect it would look anything like the popular Hamilton County amphitheater.

Star diffuses flap with news union

December 25, 2006

The Indianapolis Star has averted, for now, a labor dispute over management’s request that unionized news employees write
advertising copy–a practice considered taboo in the newspaper industry.

BEHIND THE NEWS: Founders’ voting clout riles Finish Line investor

December 25, 2006

You can understand the thinking. An entrepreneur takes his company public, gaining access to the capital markets. But he wants to keep control of the business. So he gives his own shares greater voting power. In short, he has the best of both worlds. That’s all great-except, critics say, it’s just not fair. Earlier this year, professional investors assailed Emmis Communications Corp. CEO Jeff Smulyan for his turbocharged shares. Those shares give him the clout to swat down any takeover…

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…

Circle Truss proposed as gateway landmark

January 1, 2007

The Arch welcomes visitors to St. Louis. San Francisco’s Golden Gate Bridge ushers in the masses. And soon the Circle Gateway
Truss could greet travelers entering downtown Indianapolis.

Daniels’ major moves raise eyebrows:

January 1, 2007

Gov. Mitch Daniels created a firestorm in 2006 with his solution: Privatize the Indiana Toll Road. The 75-year lease of the 175-mile road in northern Indiana, to an Australian-Spanish consortium, closed June 29. The deal that gave the state a $3.8 billion check to finance other highway projects under Daniels’ Major Moves program not only lives on in controversy, but also could be the defining legacy of his administration. Daniels recently proposed privatizing the Indiana Lottery. And his team already…

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…

New stadium rising; city preparing for Super Bowl bid:

January 1, 2007

The concrete columns of the Indianapolis Colts’ new $675 million stadium began rising out of the ground in early 2006. Soon thereafter, the new venue had a name. In March, California-based Lucas Oil Products agreed to a 20-year, $121.5 million naming rights deal. Meanwhile, city and team officials in 2006 began discussions they hope will lead to attracting the Super Bowl to Lucas Oil Stadium in 2011. The Lucas Oil pact is one of a flurry of sponsorship deals the…

For Cornelius ’06 was full of challenges:

January 1, 2007

Long-time Indianapolis business leader Jim Cornelius jumped from one daunting challenge to another in 2006. He started the year as chairman and CEO of Guidant Corp., as it weighed a possible sale to either New Jer sey-based Johnson & Johnson or Massachusetts-based Boston Scientific Corp. After Boston Scientific won, Cornelius became acting CEO of New York-based Bristol-Myers Squibb Co. in September. Cornelius stayed with Guidant from start to finish. He left his position as chief financial officer at Eli Lilly…

TOM HARTON Commentary: Tying up some local loose ends

January 1, 2007

Maybe you’ve already heard. Mickey Maurer’s column will return to this space in a few weeks. After two years serving as Gov. Mitch Daniels’ go-to economic development guy, Mickey should have plenty of stories to tell. And Associate Editor Tawn Parent and I, as his trusty substitute columnists, should have a bit more time to devote to our behind-the-scenes work at IBJ. I’m closing out my brief columnwriting career by addressing a handful of topics-some of them new, some of…

Payne blazed Cultural Trail:

January 1, 2007

Inspiration struck Brian Payne in 2001 while he was walking the Monon Trail. He remembered a conversation in which city officials lamented that downtown streets were too wide and cars moved too fast to allow much of a pedestrian connection town’s top attractions. between down- His brainstorm: Eliminate lanes of traffic and build a path-creating an amenity that could become a destination in itself. Payne, president of the Central Indiana Community Foundation, began telling everyone he knew about the idea….

Program to offer cyber help for charities: IUPUI initiative creates database of consultants

January 8, 2007

The IUPUI Solution Center soon will expand into cyberspace, launching a free Web site not-for-profits can use to network and find consultants. Its new Nonprofit Solutions Initiative will run the site and provide a database of consultants grouped by 25 areas of expertise. The site also will offer advice on how to work with them. The Solution Center, launched in 2003 with the help of a Lilly Endowment Inc. grant, helps bolster small businesses and not-for-profits. The new initiative, which…

Father-son team caters to wealthy clientele: Goelzer a local fixture in portfolio management

January 8, 2007

Reeling in 45-inch northern pike during annual fishing excursions to the upper regions of Canada is one type of bonding experience Don and Greg Goelzer cherish. But the camaraderie the father and son share really is rooted in the 25 years they have spent working side by side at Goelzer Investment Management Inc., the downtown advisory firm Don founded in 1969. In the quarter-century since son Greg arrived fresh from college, the two have helped grow the firm’s client base…

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…

IPL cites project overruns as reason for rate hike

January 8, 2007

The cost of a pollution-control project at Indianapolis Power & Light’s Harding Street generating station has soared over
budget by $60 million, or 38 percent, and the utility wants its 465,000 customers in Marion County and nine others to help
foot the bill.

IMA may drop Puck for service lapse

January 8, 2007

The Indianapolis Museum of Art is considering whether to revoke Wolfgang Puck’s exclusive catering contract after the company’s
slow service marred an important event in November.

WellPoint calls for expanded government health insurance

January 8, 2007

WellPoint calls for expanded government health insuranceWellPoint Inc. this morning called for expanding government programs and public-private partnerships as part of a plan to provide health insurance coverage for the uninsured. The Indianapolis insurer supports broadening state health care programs that cover uninsured children. WellPoint also advocates expanding programs that cover children in families earning […]

FUNNY BUSINESS: Forget Elvis on velvet; Art Bullies have other plans

January 15, 2007

I’ve seen the picture of the proposed ginormous art installation for downtown, and I think I speak for many of us when I say … Well, come to think of it, I better not say that, seeing as how many of us do not use that kind of language. In case you missed it, here’s the deal: There’s a movement afoot to erect a large, circular, steel, Dairy Queen curlicue over at 11th and West streets-a $10 million large, circular,…

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