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Articles

Indy heart care offerings expand once again: St. Francis polishes cardiac and vascular center

January 24, 2005

Furniture movers and technology testers have taken center stage as St. Francis Hospital and Health Centers prepares to become the latest Indianapolis provider to flex its cardiac care muscle. On March 1, St. Francis will accept the first patient for a $70 million Cardiac Vascular Care Center addition to its south campus. The new center will include an operating room with the latest electronic connections to patient information among other selling points. One item it won’t provide is a conclusive…

Indiana IPOs break out of recent slump: Kite Realty, Republic Airways, Adesa among 5 state firms to test public waters

January 24, 2005

Hoosier-based companies registered five initial public offerings last year, a robust number considering not a single Indiana business went public in 2003. The uptick could signal the state’s economy, as well as the nation’s, is on the mend. Nationally, 233 companies raised $43 billion collectively to go public on the major U.S. stock exchanges in 2004, a 195-percent increase in the number of IPOs over 2003. And the performance could be even stronger this year, said Richard Peterson, a market…

SPORTS: Only one team wins it all, so enjoy the journey

January 24, 2005

Oh, the agony, the anger, the apoplexy and the “Apocalypse Now” reaction to the Indianapolis Colts’ sorry defeat at New England. It called into mind a quote from Mike Tice, the embattled coach of the Minnesota Vikings, following his team’s playoffs demise. “The NFL is so sudden,” he said. Is it ever. Suddenly, it seemed, the Colts were everybody’s darlings. Suddenly, the Colts were everybody’s dogs. All in the time and space of a snowy, late January afternoon in Massachusetts….

NCAA Women’s Final Four brings new opportunity: Demographics will decide who benefits from event

January 24, 2005

The $20 million economic impact forecasted for this year’s NCAA women’s basketball Final Four is about $10 million below the men’s event. That doesn’t mean it isn’t an important opportunity for Indianapolis, which will host the event for the first time in April. “This is an important audience for Indianapolis to be in front of,” said Susan Williams, Indiana Sports Corp. board member and co-chairwoman of the local organizing committee for the women’s Final Four. “It’s a different audience than…

Stadium’s pathway not clear: CIB must make land deals with Comfort Inn, Hurst Co.

January 17, 2005

It’s up to legislators to approve whether and how the city’s proposed $900 million Indiana Convention Center expansion and stadium complex would be funded, but a handful of property owners that have title to land in the planned stadium’s path will also play a role in determining the project’s fate. The Marion County Capital Improvement Board is working with owners of the few pieces of property it still needs for the construction project and associated parking lots. CIB owns about…

TOM HARTON Commentary: City’s improvement doesn’t sink in

January 17, 2005

Dr. Pierre Tran, a former neuroscience researcher at Eli Lilly and Co., was lured from Indianapolis to a suburb of San Francisco recently by a small biotech firm and its ability to develop new drugs more quickly than pharmaceutical giants like Lilly. The region’s diversity and “food culture” also played a role, Tran told the San Francisco Business Times in a story about where the Bay Area finds all the brainpower it needs to fuel its tech culture. Tran went…

SPORTS: Is there the will to heal college basketball’s ills?

January 17, 2005

I had a terrific lunch-time conversation with someone involved in college athletics, a person whose perspectives I admire because I know he hasn’t come to them easily. The jumping-off point for our discussion was the recent formation of the College Basketball Partnership, or CBP. It is a collection of coaches, administrators, broadcasters and NCAA staff, convened at the urging of NCAA President Myles Brand. Its task is to “address the challenges and opportunities” facing college basketball, especially at the Division…

Purdue, IU out to bolster their life sciences futures: Both universities invest millions in biomedical pursuits Grants help growth ‘A new kind of engineer’

January 17, 2005

Whenever Indiana and Purdue universities get together on the hardwood or the debate arena, the rivalry is intense. But as various public and private players around the state put on a full-court press for Indiana’s life sciences future, the schools have teamed up like a dynamic backcourt duo. The Scientist, a biweekly publication delivered to 75,000 people worldwide, in November ranked Purdue No. 2 and Indiana No. 10 on a list of “Best Places to Work in Academia,” based on…

Plan for psychiatric hospital revisited: Daniels team wants review of Larue Carter replacement

January 17, 2005

A plan to build a new state psychiatric hospital near the IUPUI campus might wind up back on the drawing board. The new administration of Gov. Mitch Daniels wants to take a hard look at the freshly minted proposal to build a replacement for Larue D. Carter Memorial Hospital off of 16th Street on the near-north side. The hospital currently occupies part of an old Veterans Affairs complex on Cold Spring Road. Last month, the state unveiled a plan to…

STATEHOUSE DISPATCH: Stadium parley scrambles 2005 legislative agenda

January 10, 2005

At least until mid-December, we thought we had a tentative handle on the General Assembly’s focus for the 2005 session. We knew the new governor and the new Republican House majority would team up on economic development initiatives, improving governmental efficiency and restructuring state agencies. The biggest task would be crafting a realistic state budget in the face of adversity and uncertainty. The regular “stuff of government” would also be squeezed in and some thorny telecommunications issues would be raised,…

Herron site might be used for new school: Charter campus proposed for soon-to-be vacated spot

January 10, 2005

Joanna Taft isn’t content helping to develop emerging artists. She also wants to help develop art patrons-and the historic neighborhood around what will soon be the former home of IUPUI’s Herron School of Art at Pennsylvania and 16th streets. So Taft, executive director at the nearby Harrison Center for the Arts, is working on plans for a charter high school to occupy a portion of the space IUPUI will vacate when it moves the art school to the campus proper…

GERALD BEPKO Commentary: State should help insurance industry grow

January 10, 2005

GERALD BEPKO Commentary State should help insurance industry grow Everyone seems to agree that state governments must facilitate job growth and wealth creation. As pioneers in publicprivate partnerships, Indiana’s leaders have envisioned a future for Indiana that includes many partnership economi c – d eve l o p m e n t strategies. One reflection of this vision is the Central Indiana Corporate Partnership-led focus on key sectors, such as advanced manufacturing, logistics and life sciences. The priority associated with…

Dems hope for some strategic input: Indiana Economic Development Council completes state plan, but it could get lost in switch

January 10, 2005

For months, Jackie Nytes has been developing a strategy for statewide economic development. It comes off the presses this week. But the inauguration of Mitch Daniels leaves her wondering whether anyone will ever read it-let alone act on its recommendations. Nytes, a Democratic member of the City-County Council, serves as president of the Indiana Economic Development Council Inc. Daniels, the Republican governor-elect, is folding all state economic development efforts into the Indiana Economic Development Corp. The corporation, a public-private partnership,…

CHRIS KATTERJOHN Commentary: Avoid Florida-like snags on stadium

January 10, 2005

NAPLES, Fla.-As I entered the state of Florida yesterday, I remembered that just about a year ago I was at a meeting in South Miami where Florida Gov. Jeb Bush was holding court on economic development efforts. His pride and joy was a deal to bring the Scripps Research Institute to Palm Beach County on the state’s east coast. I wrote a column about it in our Feb. 9, 2004, issue. Bush and his team had lured the highly regarded…

Major sewer system renovations await federal approval: With waste pouring into White River almost every time it rains, Indianapolis is in dire need of sewage overhaul

January 3, 2005

The city’s long-term plan to prevent the flow of raw sewage into White River and its tributaries should receive federal approval soon, nearly five years after Mayor Bart Peterson introduced a proposal to fix the antiquated system. City officials expect to receive permission from the Environmental Protection Agency in April to proceed with a plan to construct tunnels, underground storage tanks and new sewers to capture raw sewage that would otherwise overflow into waterways during heavy rains. Peterson presented his…

Readers say transportation should top city’s agenda: Growing traffic delays, struggling IndyGo system, possible rapid transit system among issues facing planners

January 3, 2005

The average Indianapolis motorist sits in traffic delays more than nine times longer than he or she did 20 years ago: 37 hours a year vs. just four hours in 1982, according to a recent study by the Texas Transportation Institute. Growing delays have not only brought inconvenience and lost productivity, but also have earned the metro area “nonattainment” with federal air-quality standards. That raises the specter of expensive vehicle-emissions testing. IBJ Daily readers ranked solving congestion/public transportation issues as…

SPORTS: Visions of trophies, titles and a new stadium in ’05

January 3, 2005

Back, by little demand, my annual list of wants and realities for the New Year (please do not clip and save). Want: Same as last year, and the year before, and the year before. That Peyton Manning leads the Colts to a Super Bowl victory and validates his MVP status (for those who still believe he’s not as good as he is). The euphoria over the Horseshoes’ Super Bowl triumph then forces the General Assembly’s hand, and the stadium-Convention Center-expansion…

Indians stock sale pushes price to record high: 16-percent increase comes on heels of strong financial year for AAA franchise

January 3, 2005

The Indianapolis Indians’ stock value is going up like a long ball off the cleanup hitter’s bat. On the heels of a year that saw strengthening profits for the AAA minor-league affiliate, six shares of Indians stock sold in December for $15,200 each as reported in pink sheet filings. That represents a 16-percent increase from the last sale 18 months ago. “This is significant because these shares don’t trade that much, and six shares comprises close to 1 percent of…

STATEHOUSE DISPATCH: It’ll be full speed ahead as legislators start term

January 3, 2005

Words once uttered by a man who certainly qualifies as an honorary Hoosier-Mario Andretti-will probably prove prophetic as we watch Indiana’s new governor and General Assembly over the next four months. “If everything seems under control, you’re just not going fast enough,” Mario once said. That may well be the mantra of Gov.-elect Mitch Daniels and the new Republican majority in the House of Representatives. While writing the initial column previewing the legislative session is always a daunting task, it…

Weight center waits: Bariatric surgery hospital had been scheduled to open in mid-2004

January 3, 2005

Michigan-based Forest Health Services LLC launched plans in 2003 to build a two-story inpatient bariatric hospital at Intech Park off 71st Street and then applied a year ago for a license to operate it. The hospital would treat people with severe weight problems. Workers completed most of the construction on the 37,000-squarefoot building last spring, but little has happened since. A letter filed last January with the Indiana State Department of Health said Forest Health anticipated a June or July…

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