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Articles

UPDATE: Kite plans retail at Pan Am site

April 7, 2008

A local developer hopes to add restaurants and retail space and possibly a hotel to Pan Am Plaza to capitalize on a growing convention center and the new Lucas Oil Stadium. Kite Realty Group Trust joined with Sacramento, Calif.-based Coastal Partners LLC to buy the plaza and two adjacent ice skating rinks from Indiana Sports […]

Local traffic tracking to be available by fall

April 10, 2008

Indianapolis-area drivers will be able to watch for traffic congestion on screens in their vehicles by this fall as a result of an agreement signed this month by Indianapolis-based Emmis Communications Corp. and seven other groups, including National Public Radio. Streets color-coded to show traffic speeds will be broadcast by new digital signals to screens […]

Tickets: looking ahead…way ahead

April 11, 2008

Indiana State Fair concert tickets go on sale tomorrow, April 12. The lineup includes Carrie Underwood, Daughtry, Sugarland and “A Prairie Home Companion.”

Ticketmaster already is selling seats for Kenny Chesney at Lucas Oil Stadium in September. Group tickets are being sold…

Janitors want Lilly, WellPoint to push for better health benefits

April 14, 2008

Service Employees International Union Local 3 is backing local janitors as they restart contract negotiations April 16 with
five of the largest janitorial contractors in Indianapolis. SEIU now is taking direct aim at Lilly, health insurer WellPoint
Inc. and even some local hospitals, hoping they will pressure the janitorial contractors to come to terms.

Staying earns Steak n Shake state, city rewards

April 14, 2008

Local governments plan to throw Steak n Shake Co. a life raft of incentives worth about $275,000 to help the struggling chain
keep its headquarters in Indianapolis. The company has quietly agreed to retain about 180 employees here in exchange for a
$200,000 state training grant and a five-year personal property tax abatement worth about $75,000.

SPORTS: Free throws, future Final Fours remain important

April 14, 2008

Thoughts about this, that and the other after a much-delayed return (yes, my bride and I were among the thousands caught in the American Airlines travel fiasco) from San Antonio for the Final Four. I’ve related this story before-possibly in this space-so if I’m repeating myself, I apologize. I’m taking the chance that, if I don’t remember, you don’t either. In my driveway, I have one of those adjustable-height basketball goals. Years ago, several of the local neighborhood kids would…

Colts could struggle with $9 billion NFL debt: Revenue hikes by big teams could skew salary cap

April 14, 2008

Small-market teams like the Indianapolis Colts could find themselves straining under the pressure of the National Football League’s recently disclosed $9 billion debt, which is three times higher than Major League Baseball’s and estimated to be double that of the National Basketball Association. Made public last month as part of a court filing, the NFL’s debt encompasses all league and team obligations. Sources close to the league said it is tied closely to stadium building projects. The Colts, for example,…

Star, other daily newspapers adapting to digital world

April 14, 2008

The Indianapolis Star has launched an armada of initiatives to bolster revenue as it reacts to seismic industry changes, many
driven by advertiser and reader flight to digital media. Daily newspapers–once one of the nation’s most stable, profitable
businesses–now face a rapidly changing marketplace that would make the most innovative business operator quiver.

Federal survey of patients puts hospitals to the test: Satisfaction questionnaire ranks criteria ranging from room cleanliness to communication skills of providers

April 14, 2008

New patient satisfaction scores compiled by the federal government and posted online give consumers more feedback than ever regarding the care hospitals provide. The usefulness of that information is up for debate. On its Hospital Compare Web site, the Centers for Medicare & Medicaid Services tracks technical measures that show how often hospitals provide certain types of care that is recommended for patients treated for various conditions-heart attacks or pneumonia, for instance. Starting late last month, the agency began including…

One Indiana Square owner sues insurer over storm-damage repairs

April 14, 2008

The owners of a downtown skyscraper badly damaged in a 2006 storm are suing their insurance company after it halted payments
on a facade-replacement project. The suit, filed April 1, accuses the insurance company of a “bad faith” attempt to avoid
paying for repairs to the 36-story One Indiana Square building at the northeast corner of Pennsylvania and Ohio streets.

NOTIONS: Why you can feel good about the world’s future

April 14, 2008

Let me introduce three remarkable young people. Jessica Gabrian grew up in a St. Louis suburb. She earned good grades, excelled at volleyball and won an athletic scholarship to William Woods University in Fulton, Mo. Early on, there was a hearing-impaired student in one of Jessica’s classes. There was also a sign language interpreter. Always a visual learner who talked with her hands, Jessica grew fascinated with the beauty of American Sign Language (ASL). She was “instantly hooked.” She decided…

Study: Custom product might not boost profit

April 15, 2008

Manufacture a unique product and your company will enjoy stronger profits and stay ahead of the competition, right? Not necessarily, a new study has discovered. Rather, manufacturers that focus on customized products don’t always turn in profits as great as those that rely on mass production. That’s what Purdue University’s Dauch Center for Management of […]

Pacers give tickets away, set future

April 16, 2008

The Indiana Pacers are in a giving mood for tonight’s Fan Appreciation Night. The team is advertising that all lower level tickets will sell for $30, club level tickets for $20 and upper…

Janitors’ union negotiates contract

April 18, 2008

The first citywide union contract has been struck following negotiations between 1,500 janitors and five big companies that clean local businesses. The Service Employees International Union plans a ratification vote tomorrow at Central Christian Church in Indianapolis, the union announced this morning. Leslie Mendoza Kamstra, of the SEIU’s Indianapolis office, said she could not disclose […]

TIPPECANOE COUNTY

April 21, 2008

TIPPECANOE COUNTY Purdue trustees approve capital spending, operating budgets Purdue University’s trustees on April 11 approved a $1.04 billion capital improvement plan for the next 10 years and a $1.03 billion conceptual operating budget for the next academic year. The capital plan includes nearly $100 million in renovations and additions to Mackey Arena, and $80 […]

Texas investor enlists former Steak n Shake exec in quest to revive chain

April 21, 2008

Two executives with longtime ties to The Steak n Shake Co. have joined a dissident Texas investor in his quest to overhaul
the Indianapolis-based restaurant chain. Shareholders who have agreed to work with Sardar Biglari include a former board member
the company once described as a “modern-day founder” of the restaurant chain, along with a former partner in Kelley & Partners
Ltd., the investment firm led by company patriarch E.W. Kelley before his 2003 death.

International students flock to Purdue, IU: State schools are national leaders in attracting foreign-born scholars

April 21, 2008

Purdue and Indiana universities have become magnets for international students. Purdue is third in foreign student enrollment among all U.S. private and public colleges and universities. Indiana is No. 15. Another Big Ten school-the University of Illinois-is No. 2. The University of Southern California is the leader, with 7,000 foreign students. Purdue currently has 4,994 foreign students enrolled in graduate and undergraduate programs, while IU has 4,027. This year, overall, there are about 39,102 students enrolled at Purdue’s main campus…

SPORTS: Indiana’s ‘Mount Rushmore’ will try to fix Pacers

April 21, 2008

The first time Herb Simon ever met Jim Morris, it was to ask him for money. Fifty grand. To be fair, it wasn’t Morris’ money. It belonged to Lilly Endowment Inc. Simon was at the endowment, which Morris directed at the time, to ask for a grant to support the Jewish Community Center. He got the money. This past week, Simon had another request of Morris … to replace Donnie Walsh as president of Pacers Sports & Entertainment. Again, Morris…

INVESTING: Complexity of investments is a big part of problem

April 21, 2008

I recently visited the town of Concord, Mass., known not only as the site of the “shot heard ’round the world,” but also as home to many influential authors during the 1800s. Just outside town is Thoreau’s Walden Pond, and in Concord you can visit the homes of other writers of the era, including Emerson, Alcott and Hawthorne. If any of these literary transcendentalists were around today, it is doubtful they would care much, if anything, about the evolution of…

Under Grueninger, Ambassadair division chartering growth

April 21, 2008

Michael Grueninger, president of Grueninger Travel Group, has learned since his company bought Ambassadair in 2005 from now-defunct
ATA Airlines that many travelers once enamored with dirt-cheap fares they can book online want something more than low price.
They are willing to pay for service.

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