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BEHIND THE NEWS: Founding family tossed from slumping Man Alive

Embattled Finish Line Inc. has quietly sent the family that founded and ran its Man Alive chain packing. The company on Nov. 12 announced the appointment of former Haggar Clothing Co. executive Lou Spagna as president of the struggling 96-store urban apparel chain. Tucked in the press release was a quote from Finish Line President Glenn Lyon expressing “our appreciation to the Bublick family for the service they have provided.” It was a major overhaul. Gone are Jeff Bublick, 47,…

Ballard book favors positive, forceful leadership style

Students complained about Greg Ballard when he taught college business courses. The man they called “the Colonel” had strict
rules and high expectations. Frustrated, undergraduates sometimes tried to go over his head. His boss, Indiana Business College
administrator Marc Konesco, encountered them in his office. But students never got far. Konesco refused to overrule the Colonel’s
decisions. “I always said, ‘That’s his classroom,'” recalled Konesco, the college’s vice president of marketing and enrollment.
“His style was one where the students…

Hancock developer’s plan matures: Copper Leaf would be region’s largest, most comprehensive senior housing

What started as Jim Brothers’ search for an assisted-living facility for his mother could end up as the region’s most comprehensive retirement “resort.” The president of The Bradford Group, an Indianapolis residential developer, has been working several months to get the zoning he needs for Copper Leaf. The 177-acre community on the east side of McCordsville would be home to 400 to 600 residents and sport a nine-hole public golf course. About 30 acres would be set aside for restaurants,…

SoDo proposal faces stiff odds

If Circle Centre mall were built today, it would cost $420 million. Throw in another $60 million, and you’ve got the price
of Legends District-SoDo, a proposed mixed-use development on the south edge of downtown.

STATEHOUSE DISPATCH: Tax reform to take center stage on Organization Day

In this column 10 years ago, we told you that, typically, our “short” electionyear legislative sessions are swift and relatively sweet. With the biennial budget the priority of the long, odd-year sessions, significant fiscal matters are usually untouched in the short, even-year session. Major issues that threaten to divide often are left undebated as the two major political parties avoid issues making them look bad in the eyes of voters. Only a decade ago, lawmakers prepared to enter just such…

FUNNY BUSINESS: Pushing my luck with two good trips to the BMV

Like a lot of people-which is to say, most Indiana residents-I have long greeted going to the license bureau with the enthusiasm customarily reserved for dental surgery. The difference, of course, is that you get drugs for your root canal, but not even a double helping of nitrous oxide could make a fun afternoon out of getting new license plates. Well, hold on to your hats. I had to go to the license bureau twice last month, once for a…

ECONOMIC ANALYSIS: Subprime concerns overblown; so spend, spend, spend

An emerging holiday tradition in my family is for the womenfolk to rise very early on the Friday after Thanksgiving to go shopping. The same thing happens across the nation. This event aptly named Black Friday, corresponds to the unofficial beginning of the Christmas shopping season. For the record, I would rather spend the weekend in a chain gang than tag along, but this year I will be encouraging them to shop. Here’s why. The subprime mortgage mess has not…

VOICES FROM THE INDUSTRY: Existing work force is our biggest education challenge

As Hoosiers, every time we open our wallets and pocketbooks, we should think about going back to school. For the last three decades, Indiana’s per capita income growth has lagged the rest of the country, to the point where the average Hoosier earns less nized for work force development use a combination of state and local dollars and even lottery funds (as in Georgia). Private management of the Hoosier Lottery, as proposed during the last legislative session, could provide the…

City law firm a key player in GOP wins

Three members of a small, young, downtown law firm played key rolls in Republican election wins this month, boosting the firm’s
profile as it tackles aggressive growth plans that include beefing up its lobbying business. John Lewis and Wilkins LLP set
up shop on Monument Circle in 2005 and since then has grown from the three attorneys to 11.

Health care top choice in career poll: Student interest in technology jobs holds steady, state survey finds

Recent results from an annual survey show health services remains the most popular career choice among Indiana high-school juniors planning to go to college. The questionnaire was administered by Learn More Indiana, an effort to promote college and career planning supported by the Indiana Commission for Higher Education, as well as a few other state agencies. Learn More Indiana has existed for about 20 years, but had been known as the Indiana College Admissions and Placement Center before the arrival…

EYE ON THE PIE: Resurrecting important tax reforms

With new mayors and council members in many of our cities, it’s time to drag out some previous suggestions for fiscal reform. First, it’s time to reconsider propertytax abatement. But we can’t understand property taxes and their abatement if we don’t understand assessment practices. And, it is not clear what is happening these days with property assessment. For example, does a property’s assessed value change automatically when it is sold, or does it change only in line with the trend…

PROFILE: Ivy House Bed and Breakfast: Couple turns house into Hoosier getaway Labor of love keeps innkeepers committed for the long haul

Ivy House Bed and Breakfast Couple turns house into Hoosier getaway Labor of love keeps innkeepers committed for the long haul Running a bed-and-breakfast can be difficult-it’s hard enough, in fact, that the average innkeeper lasts only seven years before calling it quits, said Fortville B&B owner Linda Nolte. Fortunately for her guests at Ivy House Bed and Breakfast, Nolte and her husband, Jim, are the exceptions. “We’re already in our seventh year, and we hope to exceed that by…

Carrier carrying on in cool housing market

With steep declines in new-home construction and existing home sales, market conditions in the Indianapolis-based North American
residential business of Carrier Corp. “are clearly challenging,” according to George David, CEO of Carrier’s parent, United
Technologies.

Group aims to turn data into better care: Lilly’s Larkin joins Health Information Exchange

The Indiana Health Information Exchange recently hired Dr. Greg Larkin to be its chief medical officer. Larkin, who is the longtime head of Eli Lilly and Co.’s employee clinics and health plans, will focus on the exchange’s Quality Health First program, which aims to use a local database of doctors’ records and insurance claims to help doctors improve their quality of care. The program includes health insurance plans-such as Anthem, UnitedHealth and Medicare-that cover on average 70 percent of local…

Finish Line throws down gauntlet

Finish Line has played the â??material adverse effectâ?? card in its battle to break off its acquisition of
Genesco.

The Indianapolis company didnâ??t elaborate in yesterdayâ??s SEC filing, but Finish Line has repeatedly made clear
that encountering problems with long-term implications…

Finish Line claims Genesco ‘material’ effect

Indianapolis-based athletic shoe and clothing retailer The Finish Line Inc. said yesterday that a “material adverse effect” has taken place regarding its acquisition of Genesco Inc.-putting the $1.5 billion deal in jeopardy. Yesterday’s filing with the U.S. Securities and Exchange Commission followed an amended complaint in Genesco’s September lawsuit seeking to force Finish Line to […]

Steak n Shake shares battered after report

Grim results in Steak n Shake Co.’s fiscal fourth quarter prompted a sell-off of its stock this morning. Shares in the Indianapolis-based restaurant chain dropped nearly 14 percent before staging a small comeback to trade near $11.65-still 9 percent below yesterday’s close. After the market closed yesterday, the company reported that same-store sales fell 3.9 […]

Lafayette commission OKs Subaru incentives

Subaru of Indiana Automotive Inc. is a step closer to getting tax abatements on $105 million in proposed investments in its Lafayette plant. The city’s redevelopment commission unanimously approved the incentives last night, but they still must be OK’d by the Lafayette City Council. It was not immediately known how much money the incentive package […]

BP selling 700 convenience stores

BP America Inc. in the next two years plans to sell the roughly 700 convenience stores it owns and operates, potentially displacing nearly 10,000 workers, the Houston-based unit of BP PLC of London said today. The vast majority of BP’s 13,000 U.S. convenience stores are independently owned. There are 75 BP convenience stores within 50 […]

Insurer picks Carmel for regional office, 40 jobs

Selective Insurance Co. of America, a property and casualty insurer headquartered in Branchville, N.J., will open a Midwest regional office at 11711 N. Meridian St. in Carmel. The office will employ 40, Indiana Economic Development Corp. said today. The company received no state incentives. Specializing in commercial, personal, bond and flood coverage, Selective Insurance is […]