You-review-it Monday
For me, it was a whirlwind of a weekend, especially if you start with Thursday (OK, so I’m still a college student at heart).
I started with a road trip to Louisville to catch the national tour of “Avenue Q,” found…
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Rejecting Obama’s home state?
Chicago Sun-Times columnist Mark Brown suggested over the weekend that Barack Obama might fare better with
Indiana voters if Obama werenâ??t from Illinois.
Indiana folks think of Illinois â??as the land of hoods and thugs,â?? Brown said. Illinois people…
Family-owned grocery chain being sold
Buehler Foods, which operates 22 grocery stores in Indiana, Illinois and Kentucky, is being sold to Bowling Green, Ky.-based Houchens Industries Inc., according to the Evansville Courier & Press. Buehler Foods, a family owned business founded in Jasper in 1940, employs about 1,500 workers. All stores are expected to remain open and all employees will […]
Steelmaker to close Crawfordsville plant
Toledo, Ohio-based Heidtman Steel is shutting down a plant in Crawfordsville, displacing all 71 employees, reports the Journal Review. The plant, slated to close June 30, processes flat-rolled steel. The decision to close the plant is part of the company’s ongoing strategic evaluation to improve productivity, the Crawfordsville newspaper said. Heidtman has 16 plants in […]
Evansville-area United Way dealt set-back
United Way of Southwestern Indiana’s 2007 fund raising drive fell $500,000 short of the approximately $5.5 million it raised in 2006, according to the Evansville Courier & Press. As a result, the agencies’ 33 partners will see their United Way funding curtailed, although no existing programs will go unfunded. United Way cut a full-time position […]
Commentary: Do we need a disaster to wake us up?
About 20,000 historic properties were damaged in the storm, and Gay, executive director of Preservation Resource Center of New Orleans, has led the charge to save them. “We never felt like throwing up our hands,” Gay said. “We don’t do that.” The Preservation Resource Center contacted owners of the nearly 4,000 historic properties that were condemned after the hurricane. About 600 of them have been spared to date. The PRC also has been helping review the planned demolition of buildings…
Equicor playing it ‘cautious’: Small projects fueling firm’s steady growth
As one of a few local developers that pursues both commercial and residential projects, Equicor Cos. quietly has built a portfolio of properties totaling more than $150 million. Among those under development is its most ambitious to date, Promenade of Noblesville, at State Road 32 and Little Chicago Road. The 153-acre mixeduse development features retail and office lots, as well as 280 homes. Yet, the 16-year-old north-side company has been absorbing its share of “bumps and bruises” as of late,…
Irsay sees Polian son as heir apparent; other teams come calling
Beyond his last name, little is known here about Indianapolis Colts Vice President of Football Operations Chris Polian–even
though it’s likely he represents the future of the franchise. In National Football League circles, Polian’s stock has skyrocketed
as league owners have realized there’s more to the 36-year-old than his famous last name.
Airline meltdown creates minimal impact – so far: But potential route cutbacks a concern at airport
Two airlines that filed bankruptcy this month might cost creditor Indianapolis International Airport $1 million, airport financial records indicate. And high jet fuel prices that helped doom ATA Airlines and sent Frontier Airlines restructuring this month could become a bigger blip on Indianapolis’ radar later, if airline dominoes keep falling. The health of airlines that fly here bears watching because Indianapolis needs to sustain strong revenue streams from airline rents and fees to cover the cost of the $1.2 billion…
Renovated Central Library spawns neighborhood revival
A local developer plans to spend up to $45 million building a “north village of downtown” on several parcels it has assembled
near the Central Library. Buckingham Cos. plans to build apartments, offices, restaurants and retail space-all surrounding
its headquarters in the three-story Stokely-Van Camp building at the southeast corner of Meridian and St. Joseph streets.
Biz cards get creative: Smaller firms turning to bolder graphics to stand out
In the face of tough economic times, many small businesses are cutting back on advertising and canceling direct mailings as they tighten their financial belts. But some are still looking to stand out by jazzing up a basic: business cards. That’s good news for local graphic design firms that specialize in business-card customization-an industry that generates an estimated $1.2 billion each year nationally. “Business has improved in this economic climate because creative cards are a cheap marketing tool,” said Don…
NOTIONS: Indiana: See Hillary run against Jack, Bill & Barack
On the eve of the allegedly crucial Ohio presidential primary, I e-mailed a friend in Columbus to ask what it’s like in a state where primaries matter. Her response spoke of endless phone calls from volunteers and machines, get-outthe-vote visits to her neighborhood, yard signs everywhere, nonstop commercials on TV and candidate visits galore. I lamented that Indiana would never experience such a thing. I stand corrected. Thanks to the never-ending Democratic contest between Sens. Hillary Rodham Clinton and Barack…
VOICES FROM THE INDUSTRY: Making green make sense in a competitive market
Day after day, the news seems filled with stories of disruptive credit markets, an economy teetering on recession, and increasing energy costs. As business professionals grapple with such issues daily, why would commercial real estate professionals consider the time and effort to “go green”? Historically, green initiatives suffered in part from stereotypical “tree-hugger” false perceptions. Such perceptions may lead people to believe that green investments simply aren’t worth it. The truth? The real focus has always been the efficient use…
Patrick victory scores for series, sponsors: Historic triumph earns more attention than unification
Almost everyone involved with the Indy Racing League expected a firestorm of publicity after Danica Patrick won her first open-wheel race. But few predicted just how hot a commodity the 26-year-old driving diva would become following her April 19 win in Japan. “It’s not like we got caught unprepared. We had a plan in place for over a year,” said Terry Angstadt, president of IRL’s commercial division. The victory blueprint included a list of contacts to be made, interviews to…
EYE ON THE PIE: The danger of overrating civility
Here I am standing in line at the grocery store. The sign above the cashier says, “Twelve items or less.” The woman in front of me has a basket with at least 20 items. Should I ask her if she can count? I am on foot waiting for the traffic light to turn green. There are other pedestrians also waiting. Should I step off the curb and cross the street if there are no cars coming? A child is sticking…
BEHIND THE NEWS: Is it time for investors to bite on Steak n Shake?
It takes courage, but sometimes the best time to invest in a stock is when almost no one else is. That strategy paid off royally with Finish Line Inc., whose shares are up 180 percent this year. Now, is the time right to dive into The Steak n Shake Co.? To be sure, naysayers can find plenty of reasons to steer clear of Steak n Shake, which helps explain why shortsellers-investors who make their money when shares fall-have flocked to…
Pumped-up business leaders give big sums to Clinton, Obama
Indiana’s business community is divided in its support during this presidential election. Many Republicans are disenchanted,
which has contributed to slow contributions to their candidate, Arizona Sen. John McCain. But those looking to support Democrats
are torn this year, as the fierce competition between Clinton and Obama has made Indiana’s normally sleepy May primary a battleground.
IU-Bloomington, IUPUI ditch private-sector lenders: Student loan turmoil spurs schools to tap federal funds
With turmoil in student lending markets escalating, some universities are making major changes to ensure students have access to loans for the upcoming academic year. The answer for the Bloomington campus of Indiana University and for IUPUI is to return to getting loans straight from the federal government under the Direct Loan Program. The change will go into effect at the start of the next academic year. The two universities here are following other schools across the country making the…
EDITORIAL: Primary isn’t one-party affair: May 6 contest should matter to all
Primary isn’t one-party affair May 6 contest should matter to all Primary elections in Indiana are usually fairly quiet affairs. Only about 20 percent of registered voters typically show up at the polls, compared with about 60 percent in the general election. This year’s primary election, though, should be different. There are plenty of reasons to get even the most passive political followers from both parties excited about the May 6 event. For the first time in 40 years, votes…
Former Duke retail executive ready for first solo project: Schembre preparing to break ground on $15M Lawrence Commons
A former Duke Realty Corp. executive who hung up her own shingle last year is close to breaking ground on her first project. Cindy Schembre, 49, launched Via Retail Development LLC in January 2007 and is negotiating with tenants and closing on the purchase of 11 acres at 56th Street and Mitthoeffer Road. The $15 million project, known as Lawrence Commons, is an 80,000-square-foot neighborhood center that is slated to break ground in June. The development includes a 45,000-square-foot anchor…