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Mark Busalacchi
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VIEWPOINT: Signs of economic recovery all around us

August 15, 2005

After weathering some difficult times over the last few years, there are encouraging signs that central Indiana has turned the corner on its road to economic recovery. The Indianapolis metro area added 22,000 jobs in the year ending in March-a 2.4-percent increase-and in May, the Indiana unemployment rate dipped below the national average for the first time since December. All signs point to continued modest growth. Patrick Barkey, IBJ contributor and Ball State University economist, says, “We should expect to…

Group wants energy czar: Coalition believes utilities slow to climb on efficiency bandwagon

August 15, 2005

Chris Maher’s crews at Thermo-Scan Inc. have been plenty busy inspecting for drafts and puny insulation in many of the 14,000 new homes built each year in the metro area. Even so, the principal at the Carmel firm can’t help wonder about the vast potential to make the hundreds of thousands of existing homes and businesses more energy efficient-if only homeowners had a little more incentive. Utility companies, he says, have relatively few dollars budgeted to coax customers to install…

CHRIS KATTERJOHN Commentary: Let’s emulate user-friendly Portland

August 22, 2005

I travel a fair amount for both business and pleasure, and I’ve been to several major U.S. cities. Most of the time, I return from these adventures thinking that wherever it was I visited had nothing on Indianapolis. In fact, I usually think those cities can learn a lot from us. This time, it was different. I’ve just returned from a place that’s doing a lot of things right … a place that has employed some ideas and programs our…

Travel club members take wing: Ambassadair hoping to stop declining enrollment in wake of parent ATA’s bankruptcy

August 29, 2005

Ambassadair Travel Club Inc. has lost about 20 percent of its members since parent ATA Holdings Corp. filed Chapter 11 bankruptcy last October, a trend its president hopes to reverse after ATA sells the long-profitable club as early as next month. “After all the unfortunate attention surrounding ATA, we expected a modest decline in membership for a temporary time and look forward to obtaining new members once we make an a n n o u n c e m e…

VOICES FROM THE INDUSTRY: The world might be flat, but construction costs aren’t

September 5, 2005

For the most part, construction has been a local story, a story about local workers building buildings in our community. But the story isn’t so local anymore. Global economic forces have begun to intersect with local issues at the construction site. The result: a significant and ongoing increase in construction costs across central Indiana and the rest of the United States-an increase that shows no signs of slowing. Through the first quarter of 2004, construction costs increased at a calm…

Fuel hike might ground ATA plan: Fleet-cut savings nearly wiped out

September 5, 2005

On the expenses line of ATA Airlines Inc.’s battered books, the savings associated with a fleet reduction might have been accounted for as a tailwind that accelerated its flight to financial solvency. Paring 35 of its 82 aircraft in the first half of this year saved the Indianapolis carrier $49 million in jet fuel and oil expenses. That’s big money for the bankrupt airline: half of what it’s trying to raise from investors to pull out of Chapter 11 and…

BEHIND THE NEWS: Noble Roman’s pays up to sever ties with vulture

September 12, 2005

The pizza-andsub business is tough enough without also having to worry about your largest creditor stabbing you in the back. I n d i a n a p o l i s – based franchiser Noble Roman’s Inc. has rid itself of that looming threat by paying $8.3 million to buy out nearly all the interests of a vulture investment firm that may have been scheming to control the company. The deal settles a lawsuit Noble Roman’s filed in March…

Ambassadair likes suitor: Chicago-based Waveland Investments might have jobs for ATA execs if it lands travel club

September 19, 2005

Ambassadair Travel Club Inc. may chart a new destination with the help of a Chicago private equity firm whose holdings range from gas station chain Clark Brands to coffee-pot-maker West Bend. Waveland Investments LLC is the face behind Waveland Holdings LLC, an entity named in court records as signing a letter of intent to acquire Ambassadair from bankrupt parent ATA Holdings Corp. While Ambassadair said it remains profitable, despite ATA’s troubles, it has lost more than 20 percent of the…

Interest high for soon-to-be-shuttered foundry: Size, location make redevelopment promising

September 19, 2005

When the workers at DaimlerChrysler Corp.’s Indianapolis Foundry clock out for the last time at the end of the month, they’ll leave behind 756,000 square feet of factory space, tons of equipment, and more than 52 acres of industrial land on the city’s west side. Rather than becoming a rusting industrial relic along Interstate 70, however, the buildings will be razed and real estate experts expect the land will soon find a new use, albeit likely not for a factory….

Coming changes keep downtown a dining hub: Au Bon Pain coming to Circle, Noble Roman’s returns

September 26, 2005

Downtown is still sizzling for national restaurants looking to expand, based on recent deals. Au Bon Pain is cooking up a 2,200-square-foot Monument Circle store, taking over a recently closed Roly Poly Sandwiches shop and the Hardwickes Pipe & Tobacco that has entertained passersby for decades with its caricature statues. The Boston-based chain’s arrival in early 2006 will mark one of several dining changes near the Circle and one of the final steps in a tenant retooling of the Guaranty…

Fly by security – for a price: ‘Registered traveler’ program to let passengers pay to avoid long lines

September 26, 2005

Business fliers accustomed to first-class seating will soon be eligible for privileged security screening at Indianapolis International Airport. Airport operator BAA Indianapolis is about to seek proposals from firms to operate a “registered traveler” program. It will entitle any frequent travelers who pass a government background check to use special security checkpoints-bypassing long lines and trouserloosening “secondary screening” passengers must sometimes endure. No more suffering in line behind bubble-gum-popping teens headed for Aruba. Show your registered traveler ID card and…

Putting spotlight on art for new midfield terminal:

October 10, 2005

Alpha Blackburn, president and CEO of Indianapolis-based Blackburn Architects Inc., has been involved with the midfield terminal project from the very beginning. As one of the owner’s technical representatives, Blackburn Architects serves as a sounding board for the general aesthetics of the building. Blackburn, who has a master’s degree in fine arts, is now focused on something near and dear to her heart-overseeing the integration of artwork into the facility. “I feel especially appreciative of the fact that my background…

EYE ON THE PIE: Let’s make Indiana a true hub

October 10, 2005

Sometimes, the obvious is ignored. It is obvious that, geographically, Indiana holds a central position in North America. But when we think about economic development, we take this obvious point for granted. As business grows and incomes rise across the world, the demand for transportation increases. The question for Indiana becomes, “How much does this increase in demand translate into jobs and income for our citizens?” Most people understand that Indiana does not gain anything by having airplanes cross our…

Coastal is in the name, central Indiana is its game: California-based firm cultivating its local operations

October 10, 2005

Despite its name, Coastal Partners LLC is firmly entrenched in the heartland. Most of its current projects are in central Indiana, as are about half its employees. In August, the Sacramento-based firm hired Tom Ott to oversee its central Indiana operations and new development. Ott, a respected 10-year veteran of the local office of Los Angeles-based CB Richard Ellis, plans to continue his relationships in the local brokerage community to further Coastal Partners’ presence in the area. Although the name…

Women gain place at table: Increase in WBE firms seen at airport

October 10, 2005

At $1.66 billion, the 1.2-millionsquare-foot midfield terminal project, scheduled to open in late 2008, is more than the future gateway to the city. It is a gateway of opportunity for many local women-owned business enterprises (WBEs). The Indianapolis Airport Authority’s commitment to increasing participation of women-owned businesses is more than lip service. “Over half of the users of our airport are women,” said Lacy M. Johnson, president of the IAA board of directors and champion for women-owned and minority businesses….

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…

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…

There’s more to logistics than forklifts and sweat: Colleges offer degrees for white-collar jobs in the field

October 31, 2005

It’s not sexy, but it’s where the jobs are. Ivy Tech Community College will offer an associate’s degree in logistics management, the latest effort in Indiana aimed at cultivating a work force for the transportation-distribution-logistics sector, known as TDL. Meanwhile, the University of Indianapolis is preparing a concentration in supply chain management that will have key applications in logistics careers. Experts say the educational push is sorely needed, yet it’s still a challenge to get young people interested in the…

EYE ON THE PIE: Writer blamed for promoting guilt

October 31, 2005

“See,” he said with rising voice, “that’s the snobbery, making other people feel guilty if they don’t value what you value. You do it all the time.” “Sir,” I said, disarmed by his rancor, “which of my columns bothered you?” “All of them, blast it, all of them,” he bellowed. “Last week you wanted us to enlist in the cause of property taxes. Before that, you insisted that cities and towns needed more taxing authority to stimulate economic growth. “Another…

One Call rings up regulatory ire: Carmel telecommmunications firm faces fines, legal action-and increased scrutiny from FCC

October 31, 2005

The Federal Communications Commission is threatening to revoke the operating authority of Carmel telecommunications firm One Call Communications for allegedly failing to remit millions of dollars in federal fees. In its second action against the firm since 2002, the agency also proposes a $1.1 million fine against One Call and parent OCMC Inc. The FCC complaint quietly launched in August comes after allegations made last spring by state regulators. The state allegations involved so-called “modem hijacking” of dial-up computer users,…

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People

Mark Busalacchi

Articles

VIEWPOINT: Signs of economic recovery all around us

Group wants energy czar: Coalition believes utilities slow to climb on efficiency bandwagon

CHRIS KATTERJOHN Commentary: Let’s emulate user-friendly Portland

Travel club members take wing: Ambassadair hoping to stop declining enrollment in wake of parent ATA’s bankruptcy

VOICES FROM THE INDUSTRY: The world might be flat, but construction costs aren’t

Fuel hike might ground ATA plan: Fleet-cut savings nearly wiped out

BEHIND THE NEWS: Noble Roman’s pays up to sever ties with vulture

Ambassadair likes suitor: Chicago-based Waveland Investments might have jobs for ATA execs if it lands travel club

Interest high for soon-to-be-shuttered foundry: Size, location make redevelopment promising

Coming changes keep downtown a dining hub: Au Bon Pain coming to Circle, Noble Roman’s returns

Fly by security – for a price: ‘Registered traveler’ program to let passengers pay to avoid long lines

Putting spotlight on art for new midfield terminal:

EYE ON THE PIE: Let’s make Indiana a true hub

Coastal is in the name, central Indiana is its game: California-based firm cultivating its local operations

Women gain place at table: Increase in WBE firms seen at airport

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

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

There’s more to logistics than forklifts and sweat: Colleges offer degrees for white-collar jobs in the field

EYE ON THE PIE: Writer blamed for promoting guilt

One Call rings up regulatory ire: Carmel telecommmunications firm faces fines, legal action-and increased scrutiny from FCC