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‘Road to ruin’ project may offer exit to businesses: City says INDOT may crack open exit on Interstate 70 for delivery vehicles during reconstruction project

January 15, 2007

The Indiana Department of Transportation may yet allow a partial opening of one or two Interstate 70 interchanges on the east side during a 10-month reconstruction of the main artery between downtown and Interstate 465. City-County Councilor Mary Moriarty Adams said she’s been talking with INDOT officials and with Mayor Bart Peterson in recent days about the potential harm to businesses of having all the interchanges closed. “We’re hopeful that we can have some exit and/or on ramps open at…

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.

Collector betting comic-book heroes draw crowds to downtown museum

January 15, 2007

A museum in the
works for downtown would feature one of the world’s largest collections of super hero memorabilia, including a Batmobile and
costumes worn by every actor who has played Superman on TV or in the movies.

State to privatize mental-health hospital

January 15, 2007

State officials are advancing plans to privatize a state-run hospital for the mentally ill and now are looking for a not-for-profit
to build and manage a new facility in Indianapolis.

Suburban builder J. Greg Allen to tackle downtown

January 15, 2007

J. Greg Allen & Associates has made a name for itself building suburban subdivisions, office buildings and retail complexes.
Now, the developer is poised to tackle a pair of projects downtown.

Business elite back alternative high school: Catholic college-prep Cristo Rey puts students to work to earn and learn

January 15, 2007

Every other month, it seems, someone announces another promising alternative to the city’s public schools and their low achievement levels and high dropout rates. If it isn’t Indianapolis Public Schools announcing another specialty school within a high school, it’s a new charter school anointed by Mayor Bart Peterson-a number now approaching 20. So one could be forgiven for being a bit cynical about these schools, as parents who can afford to continue to leave the city for better schools. But…

Lilly to invest in Indy, cut Lafayette work force

January 11, 2007

Eli Lilly and Co. said today it will invest “significant resources” in biotechnology manufacturing in Indianapolis and offer voluntary buyouts to 250 workers in Lafayette as part of a shake-up of global manufacturing operations. The Indianapolis drug maker said it will expand Indianapolis operations in order to turn active ingredients made at an expanded site […]

Circle Centre Parisian to get home store addition

January 9, 2007

The Bon-Ton Stores Inc. plans to include a 15,000-square-foot home store in the 144,000-square-foot Parisian at Circle Centre mall, the new owner of the store said today. Bon-Ton, of York, Penn., bought the Circle Centre location and three other Parisian department stores from Belk Inc. in October. Construction on the Indianapolis project is to be […]

Duke, Browning to build at AllPoints Midwest

January 8, 2007

The joint venture developing AllPoints Midwest industrial park said today it is starting construction on its first building—a warehouse. Duke Realty Corp. and Browning Investments Inc. said construction on the speculative 650,000-square-foot building will begin in February and finish in October, and could coincide with the opening of the Ronald Reagan Parkway. AllPoints adjoins the […]

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…

St. Francis plans another south-side growth spurt: Hospital system looks to build on 30 acres adjacent to Indianapolis campus

January 8, 2007

The youth soccer teams that fill the playing fields near St. Francis Hospital-Indianapolis will take their matches elsewhere next spring to accommodate another expansion by the burgeoning hospital. St. Francis Hospital and Health Centers wants to build on 30 acres of land near the south-side hospital and Interstate 65, according to paperwork filed with Marion County. An acute-care bed tower, medical offices and a cancer center are among the expansion possibilities for the campus, which the Beech Grove-based hospital system…

Labor sector diversification could spur local economy: $200,000 study targets finance, retail and construction

January 8, 2007

Sexier industry sectors like life sciences or motorsports get all the press. But to remain robust, the Indianapolis Private Industry Council believes, the area economy needs diversification. The 23-year-old work-force-training not-for-profit believes the nine-county area also should target three tried-and-true industries: finance and insurance; retail, hospitality and restaurants; and construction. IPIC, whose $9 million annual budget comes from public and private grants, plans to spend $200,000 during the first quarter studying the three sectors, which collectively employ 270,000 people in…

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.

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.

Merging banks to put pressure on downtown real estate: Huntington, Sky to combine offices, but where?

January 8, 2007

Ohio-based Huntington Bank’s plans to buy Sky Financial Group Inc. will mean more available office space in a downtown market already awash in it. “People never merge without reducing their space,” said Jeff Harris, president of locally based Meridian Real Estate. “[This merger] is not going to have a monumental effect overall, but it’s just more square feet, another hole to be filled.” Columbus, Ohio-based Huntington Bancshares Inc. announced Dec. 21 that it agreed to purchase Bowling Green, Ohio-based Sky…

United Technologies lays off 112 in Huntington

January 5, 2007

A slowdown in house construction has prompted United Technologies Electronic Controls to lay off 112 workers at its Huntington plant, where it makes components for heating and air-conditioning units. The layoffs, effective Jan. 1, were mostly voluntary. But International Brotherhood of Electrical Workers Local 983 President Tyler Brown told The Journal Gazette of Fort Wayne […]

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…

Longtime executives unleash big donations:

January 1, 2007

Two Indianapolis business legends cemented their reputations for generosity in 2006 with charitable donations of $50 million and $15 million, respectively. The Indiana University School of Medicine announced in November that retail developer Melvin Simon and his wife, Bren, had committed $50 million to the school’s cancer center to recruit and retain researchers and to help with an expansion. Apartment developer Gene Glick and his wife, Marilyn, earlier in the fall announced a $15 million contribution to the Indianapolis Cultural…

EYE ON THE PIE: News flash? Indiana continues to lag nation

January 1, 2007

The U.S. Department of Commerce put two data sets under my tree the week before Christma. On Wednesday, I got personal-income data, by state, for the third quarter of 2006 from the Bureau of Economic Analysis. On Friday, the Bureau of the Census sent me 2006 population estimates for all the states. Could I ask for anything better unless it was the “Complete Works of Alvin and the Chipmunks”? However, my joy may not be shared by those who have…

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People

Kyle Abram

Articles

‘Road to ruin’ project may offer exit to businesses: City says INDOT may crack open exit on Interstate 70 for delivery vehicles during reconstruction project

Columbia Club faces membership, financial issues

Collector betting comic-book heroes draw crowds to downtown museum

Suburban builder J. Greg Allen to tackle downtown

Business elite back alternative high school: Catholic college-prep Cristo Rey puts students to work to earn and learn

Lilly to invest in Indy, cut Lafayette work force

Circle Centre Parisian to get home store addition

Duke, Browning to build at AllPoints Midwest

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

St. Francis plans another south-side growth spurt: Hospital system looks to build on 30 acres adjacent to Indianapolis campus

Labor sector diversification could spur local economy: $200,000 study targets finance, retail and construction

IPL cites project overruns as reason for rate hike

Blue Crew Sports Grill beating the odds

Merging banks to put pressure on downtown real estate: Huntington, Sky to combine offices, but where?

United Technologies lays off 112 in Huntington

Circle Truss proposed as gateway landmark

Daniels’ major moves raise eyebrows:

Longtime executives unleash big donations:

EYE ON THE PIE: News flash? Indiana continues to lag nation