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Mayor: MSA project can’t hinge on pre-sales: Requirement might mean city has to ante up

City leaders are sticking to their guns: They want a residential tower on the former Market Square Arena site downtown. And they want developers to start construction before they ask potential residents to buy. The idea is to eliminate the stumbling block that derailed previous redevelopment efforts, but observers say the requirement will make it difficult to line up financing-unless the city kicks in some money. Mayor Bart Peterson hasn’t ruled that out, but he remains resolute on one point:…

BULLS & BEARS: Alternative investments are the rage-so beware

Pension and endowment funds across the country, including some in Indiana, are stepping up to the alternative-investment craps table holding a pair of dice. Should you care? Well, if you are a taxpayer, a pension beneficiary or a charitable contributor, your attention is required. The outcome of this massive reallocation of investment dollars may determine your future tax burden and the retirement security of millions of Americans. Fiduciaries are in the process of executing an enormous shift of money away…

Surveillance success: Greenwood-based security firm’s rapid growth draws national notice

They all have high-tech surveillance systems from Greenwood-based American Sentry Guard. The company specializes in building and distributing “intelligent video” systems capable of linking digital video with other computer-based information, such as sales transaction records. Clients include schools, banks, casinos, government agencies and small businesses. Founded in 1999 by father-son team Jack and Jeff Brummett, American Sentry has become one of the nation’s fastest-growing privately held companies. This year, Inc. magazine ranked the company 150th on its “Inc. 500” list,…

BULLS & BEARS: Conservatism could spoil final years of retirement

A 65-year-old, recently retired couple came into our office the other day seeking advice on portfolio allocation. The husband had a 401(k) rollover with $1 million in it and wanted to take out $50,000 a year for income. Within the first few minutes of the meeting each said, “We can’t afford to take much risk with this money because we won’t make any more, and it’s all we will ever have.” Followed by, “We can’t afford the risk of the…

State’s venture capital incentive seldom used

Since the inception of the state’s Venture Capital Investment Tax Credit in late 2003, investors have claimed only about one-third of the $37.5 million in credits available, according to an IBJ analysis of the program.

CHRIS KATTERJOHN Commentary: Working together on multiple fronts

Nov. 14 was a good day for Indianapolis. It was the day we learned the Diversity Leadership Academy of Greater Indianapolis is alive and well. Three years ago, I attended the academy in the inaugural year of a three-year program that was brought here by Atlanta-based American Institute for Managing Diversity. What facilitated its arrival in 2003 was a three-year sponsorship to the tune of more than a half-million dollars by Anthem, a local company that has been at the…

BEHIND THE NEWS: Hilbert testimony ‘false and misleading’? Conseco says yes

Conseco Inc. already has won an $80 million judgment against Stephen Hilbert, a ruling the U.S. Supreme Court let stand this fall. Through the threeyear legal battle, attorneys for the two sides lambasted one another. Bad blood abounds. You ain’t seen nothin’ yet. Next month, in addition to staging a sheriff’s sale of Hilbert’s $20 million Carmel mansion, once the site of the states’s most lavish parties, the company plans to call Hilbert to the stand and accuse him of…

Theaters decry cutback in newspaper reviews

Local theater leaders are sounding the alarm about a drop in coverage by The Indianapolis Star, saying the lack of ink is hurting attendance and the city’s ability to lure new productions to town.

RETURN ON TECHNOLOGY: Is designing for blind worth the trouble and cost?

A few weeks ago, I wrote about a potentially groundbreaking lawsuit stewing in the cauldron of a California federal court. There, the National Federation of the Blind has been allowed to go forward in its suit against Target Brands, which runs Target department stores, claiming that Target should have to make its Web site as easily accessible to the blind as its brick-and-mortar stores. I thought it would be an obscure case, but it’s been puffed up into something of…

Sympathy for New Orleans may ruin Indy’s Super Bowl bid

The stiff competition facing Indianapolis’ bid for the 2011 Super Bowl just got stiffer. Besides Glendale, Ariz., and Dallas, New Orleans officials have told NFL officials and team owners they want to host the championship game again as part of the city’s recovery from Hurricane Katrina.

Car wash company cleans up: Mike’s Express grows by luring loyal clientle

The state’s best-known car wash company has found a new formula for success it hopes will rival its popular multiwash books: monthly passes that practically guarantee a permanent shine. Indianapolis-based Mike’s Express Carwash already has enrolled more than 3,000 customers in a monthly membership program, launched in September, that allows unlimited washes in exchange for a monthly fee. Express wash passes are $39.99 per month, and “Works” passes are $69.99. “It’s truly for the person who always wants a clean…

‘Tis the season for small businesses to party on: Close-knit companies more likely to hold holiday celebrations, but more firms of all sizes are getting into the spirit

While many large companies have decided to scale back holiday parties or give them up entirely in recent years, small businesses continue to spend merrily on the annual gatherings. “They’re doing well, making lots of money and want to celebrate with their employees,” said Kathy Ray, director of catering at the Indianapolis Marriott Downtown. Employees of small businesses are like families, so it makes sense that those companies would be less likely to eliminate or cut back on holiday get-togethers,…

EYE ON THE PIE: Indiana: a primer for the Legislature

The General Assembly is organizing itself. This is more difficult than getting fleas to join a union. But I am being disrespectful. My purpose this week is benign. I present for the consideration of our 150 legislators certain facts about Indiana and where it ranks nationally. The data are from the 2005 American Community Survey conducted by the U.S. Bureau of the Census. First, let’s consider sex. Of the 6.1 million Hoosiers, 50.9 percent are females, which leaves 49.1 percent…

SPORTS: Forget today-for now; Let’s talk Pacers history

In honor of the Indiana Pacers’ 40th anniversary season, let’s stroll down memory lane and gather some all-time picks: MVP: Reggie Miller First team: center Mel Daniels; forwards Roger Brown and George McGinnis; guards Reggie Miller and Vern Fleming Second team: center Rik Smits; forwards Billy Knight and Chuck Person; guards Mark Jackson and Don Buse Third team: center Jermaine O’Neal; forwards Dale Davis and Herb Williams; guards Freddie Lewis and Johnny Davis Best player that would have made the…

Faced with competition, record shops look for fresh ways to rock

Music CD sales are falling–down 8 percent so far in 2005–while digital downloading of music jumped 163 percent. And nearly one-third of the nation’s record stores have closed in the past three years. Even so, Indianapolis record-store owners say they’ve been reasonably successful adapting to a changing marketplace.

Mellencamp a reluctant pitchman in Chevy ad

U.S. celebrities making pitches for large corporations is nothing new. But John Mellencamp has been long known as an artistic purist with a disdain for commercialism. His debut this fall as a pitchman for Chevrolet’s Silverado pickup truck has surprised many and touched off a torrent of criticism.

MANAGEMENT: Managers choose their style: effective or easy

My business Q: has grown to 32 people and $2.7 million in revenue. My managers have been promoted from within, but they had no previous managerial experience and they are not getting the most out of their direct reports. How can I help them become more effective? Managers either choose to be effec-A:tive or choose to do what is easy. Effective managers set clear expectations for performance, confront employees when they veer off track and coach with consequences. Ineffective managers…

SMALL BUSINESS PROFILE MILESTONE ADVISORS: CFOs for hire: Company fills financial gaps Consultants provide expertise small businesses may be lacking

SMALL BUSINESS PROFILE MILESTONE ADVISORS CFOs for hire: Company fills financial gaps Consultants provide expertise small businesses may be lacking Tom Gabbert and Glenn Dunlap started Milestone Advisors three years ago with a couple dozen clients already in tow, parlaying their previous experience and contacts into a new venture. They’ve been using it to help other businesses shore up their financial foundations ever since. Milestone Advisors provides financial management, strategic planning and related services to small to medium-size businesses with…

Forgotten accounts can lead to windfalls: State seeks Web vendor for unclaimed property

With $325 million in unclaimed property on hand, Indiana Attorney General Steve Carter has a simple request: Check the Internet to see if any of it is yours. To make the process as easy as possible, Carter is searching for a vendor to upgrade and host its clearinghouse Web site www.IndianaUnclaimed.com. The attorney general’s goal is to reunite Hoosiers with their cash-and in the process reduce a significant problem for businesses that need to get unclaimed property off their books….

Coming attraction: Imax theater in Noblesville: Technology lets theaters show Hollywood blockbusters

Once upon a time not so long ago, Imax films were nearly synonymous with museums. In Indianapolis and elsewhere, the largeformat movie screens-some as big as the side of an eight-story building-featured 40-minute films that took viewers to exotic places like outer space or the top of Mount Everest, and were usually attached to educational and cultural institutions. But technology that debuted in 2002 is bringing Imax screens to suburbia-including to Noblesville in 2008. Grand Rapids, Mich.-based Goodrich Quality Theaters…