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    Rick Bossingham

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Articles

ECONOMIC ANALYSIS: How Indiana’s industrial economy looks to a newcomer

August 27, 2007

This week marks the start of my tenure as director of Ball State University’s Bureau of Business Research. I take over from Pat Barkey, whose thoughts on the state’s economy have long graced this column. His will be hard shoes to fill. I have read over many of Pat’s old columns, and the one thing that stands out is how much we agree on the issues facing the state-and their solutions. Contrary to the old stereotypes, hard-headed economists usually come…

Steam plant ups reliance on coal

September 3, 2007

Citizens Gas & Coke Utility shuttered its coke manufacturing plant earlier this summer, much to the relief of neighbors and
health officials who warned that its benzene emissions were a cancer threat. But regulatory filings show closing the plant
at Keystone Avenue and Prospect Street could result in more pollution downtown.

Will hefty Hoosiers get up for green, healthy event?: Former producer of state flower and patio show plans first-ever Natural Living Expo in January

September 3, 2007

Todd Jameson knows how to get Hoosiers off the sofa. Up until two years ago, he was producer of the Indiana Flower and Patio Show and the Christmas Gift and Hobby Show-two of the most popular annual events in Indianapolis. But a dollar to a cholesterol-laden doughnut says his next gig will be his most difficult: getting some of the nation’s heaviest, most cigarette-addicted people off the couch and to the firstever Natural Living Expo, next January. Jameson figures the…

When it comes to LEED, Indiana trailing: But area designers, contractors see green progress

September 3, 2007

No environmentalist would mistake Indianapolis for the poster child of green building, but local designers and contractors are preparing themselves to capture a market they expect will become an integral piece of their portfolios. The Leadership in Energy and Environmental Design standard, better known as LEED, is a benchmark of sorts for designing, building and operating environmentally friendly buildings. At least 16 projects in the metropolitan area are seeking the LEED certification, but only one so far has achieved green…

VOICES FROM THE INDUSTRY: Choosing renovation or new construction a tough decision

September 3, 2007

Sooner or later, in the life of almost every building owner, there comes a time when a structure has outlived its usefulness in its current condition. A choice between two options must be made. Do we renovate or do we demolish and build something totally new? The answer is by no means easy or automatic. Confronted with these options, an owner must grapple with a host of issues. The following sample is not exhaustive but may prove helpful as a…

A&E: Welcoming audiences

September 10, 2007

This week, more thoughts on the Fringe and its attendees. It took me a while to figure out why the audiences at this year’s IndyFringe festival were so friendly. I don’t mean friendly as in walking up to you, shaking your hand, and asking how your family’s doing. I mean friendly in the sense that they seemed to warmly welcome whatever was being presented on stage. Don’t get me wrong: They didn’t love everything they saw or feel obligated to…

Pain of nurse shortages eases for hospitals: They enjoy fewer vacant positions, but still worry about coming boomer retirements

September 10, 2007

Good news. The shortage of hospital nurses isn’t quite as bad as it used to be. In the last five years, Indianapolis’ hospitals have chipped away quietly at the gap in nurse staffing that seized local and national attention earlier this decade. To achieve these modest declines in what hospitals call their nursing vacancy rates, they have revamped their recruitment and retention efforts at a time when nurses have more options outside hospitals than ever before. Nursing schools are working…

Wishard considers new hospital

September 17, 2007

Matt Gutwein and Lisa Harris drive into work each morning knowing their hospital, Wishard Health Services, will lose half
a million dollars that day. But they’re OK with that. In fact, they’re laying a plan to keep it up for the next 20 years.
Looming large on their to-do list: building a new hospital.

Hilbert taking on tanning niche

September 24, 2007

Less than two years after New Sunshine LLC was bought by a group led by former Conseco Inc. CEO Stephen Hilbert, its Australian Gold division has acquired its top two competitors, amassing 80 percent of the indoor suntan lotion market.

Health care fix may wait for ’08: But other federal bills important to small business are making headway

September 24, 2007

That’s not what many NFIB members wanted to hear. “I’ve been a member of [the advocacy group] since 1985, and since 1985 the top issue has been health care that is affordable for businesses and employees,” said Barbara Quandt of Indianapolis-based Quality Environmental Professionals Inc. The firm’s health insurance costs increased by 33 percent in 2007, and Quandt said company leaders are “quaking” with dread over what will happen in 2008. QEPI covers 75 percent of insurance costs for its…

Mental health parity gets closer to reality: Bill requires equal coverage in health insurance

October 8, 2007

Local mental health advocates are applauding a U.S. Senate bill passed last month that would require equal health insurance coverage for mental and physical ailments when policies cover both. The bill, which passed unanimously, moves advocates one step closer in their long-fought quest for a concept known as mental health parity. Mental Health America, formerly known as the National Mental Health Association, praised the passage as an opportunity to end discrimination against people with mental health disorders. Steve McCaffrey, president…

Ralston Square project would honor city’s first planner

October 8, 2007

A local development team is working on a 10-story, mixed-use tribute to a man who helped design the original plan for Indianapolis,
Alexander Ralston. The $60 million project, dubbed Ralston Square, would feature a 150-room hotel, 55 condos, a 617-space
parking garage and 41,000 square feet of retail space.

Commentary: Region is missing benefits of planning

October 8, 2007

Good urban design can create value for communities, individuals, the economy and the environment. The potential benefits include better public health, greater social equity, enhanced land values, a more vibrant local economy, reduced vehicle emissions and a more sustainable use of non-renewable resources. Central Indiana lacks geographical barriers to growth. Land is abundant and reasonably priced. However, the region lacks a cross-jurisdictional plan to manage growth and maximize the benefits from it. Instead, fields grow corn one season and homes…

Experts look into the future of health care: Industry panelists disagree on whether current system needs radical changes

October 15, 2007

Five local industry leaders conducted a serious debate over problems and issues facing our health care system during the most recent installment in Indianapolis Business Journal’s Power Breakfast series. The event took place at the Downtown Marriott hotel on Sept. 21 The panelists: Robert Brody, president and CEO of St. Francis Hospital & Health Centers, the Indianapolis-area’s fourth-largest hospital system. Brody has been chief executive at St. Francis since 1996. Dr. Robert Mouser, a primary care physician at Cornerstone Family…

Ex-Duke exec, wife tackle senior housing: Horns have nationwide plans for The Stratford Cos.

October 22, 2007

Richard and Wendy Horn have had their share of separate real estate successes. Now, they’ve combined their corporate talents as a husband-and-wife team to lead an upstart senior housing developer. Richard joined The Stratford Cos. in May 2006 as chairman and CEO, and has since moved its headquarters from St. Louis to Indianapolis’ north side in Parkwood Crossing. He is known within commercial real estate circles as a former veteran of Duke Realty Corp., where he enjoyed a two-year stint…

Baker & Daniels signs stadium naming rights deal

October 23, 2007

The Indianapolis Colts are scoring sponsors for their new venue as fast as quarterback Peyton Manning engineers victories for the undefeated team.The Colts have nailed down their third, multi-million dollar sponsorship deal within a month. At noon today, team officials announced from their 56th Street training complex that Baker & Daniels LLP has signed a […]

IRL widens advertising base

October 29, 2007

The Indy Racing League will roll out category sponsorship deals with soft drink, energy drink and motor oil brands in the
next two months. IRL officials declined to divulge which companies the deals are with, but said each are multiyear, multimillion-dollar
deals.

Developer lures Whole Foods across street into Venu project

October 29, 2007

The developer of a $750 million mixed-use project called Venu has acquired a 13-acre site across the street from where another
developer had planned to build condos and a Whole Foods Market.

EYE ON THE PIE: Many are fans of ‘the man’s’ plan

November 5, 2007

This is why I like Mitch Daniels. Speaking about his property-tax program, he said, “When Indiana acts this time, and act we must, our steps must be fair, far-reaching and final,” Look at that alliteration … “fair, far-reaching and final.” Who else in public life gives us sentences like that? Look at his idealism: “fair, far-reaching and final.” Our state is known for its persistent lack of fairness, its shortsighted special-interest legislation, and its neverending tinkering. Mitch thinks he can…

SURF THIS: Our changing expectation of experts

November 5, 2007

It seems like everyone is an expert at something. We have automobile experts, stock market experts, antique experts… my company even has a client who’s a sheep and goat expert. In an I n t e r n e t – c e n t r i c world, though, these experts can find themselves in a tough place. Online, information is clamoring to be free (or pretty cheap) and readily available. It’s no longer enough to declare yourself an…

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