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Pan Am buyer to raze rinks

A Texas firm has agreed to buy Pan Am Plaza’s 12-story office building and skating rinks and is planning to replace the rinks
with a more-than-$50-million restaurant and retail development.

Dealers say mileage mandates are too much, too soon: But consumer group contends heightened demand for fuel-efficient vehicles should allay industry’s fears

The region’s largest consumer advocacy group is trying to counter efforts by Indiana car dealers who want to water down higher fuel economy standards passed by the U.S. Senate. Citizens Action Coalition has been rallying its base to pressure the Indiana delegation to stand behind aggressive fuel economy targets that would require a carmaker’s fleet to average 35 miles per gallon by 2018. With gas supplies pinched and prices relatively high,”this is a very current and important issue,” said Dave…

Entrepreneurs getting younger: Corporate downsizing gives rise to ‘e-generation’

From selling shark tooth necklaces to his neighbors during summer vacations in Florida to running an online auction site that benefits charities, he’s no stranger to the hard work that comes with starting a business. “I’m interested in new things and looking into new things,” said Gough, who is among a burgeoning group of young entrepreneurs not content to work for others. They’d rather strike out on their own. In fact, nearly 71 percent of the 1,474 youth who participated…

STARTUP ADVANCED IMAGING HEALTHCARE SOLUTIONS INC.: Ultrasound technology hits the road

STARTUP ADVANCED IMAGING HEALTHCARE SOLUTIONS INC. Ultrasound technology hits the road Type of business: mobile medical imaging Location: 75 Executive Drive, Suite A, Carmel Phone: 663-3289 E-mail: [email protected] Web site: www.aisolutions.info Founded: November 2006 Owners: Greg and Janet McCauley, Beau and Jennifer White Owners’ backgrounds: Jennifer White, 27, graduated from Indiana University’s dental school in 2001; her husband, Beau, 30, graduated from Purdue University in 2000, then worked in sales in the medical field. The McCauleys have been in sales…

New kind of high school pairs projects, technology: Educators hope approach boosts graduation rates

Students at three new Indiana high schools this fall are going to learn the California way. No, they won’t be holding classes on the beach. They’ll use technology and a project-oriented curriculum to learn about math, science and history, plus gain 21st century skills business leaders say today’s work force needs. The New Technology High School model, which began in Napa Valley, Calif., in 1996, will launch in Indiana this fall with New Tech High at Arsenal Tech, New Tech…

VIEWPOINT: Indy a home run for College World Series

As I sat last month enjoying my first College World Series week in Omaha, Neb., an evening game between the North Carolina Tarheels and the Rice Owls, it became clear to me that this nationally u n d e r a p p r e c i a t e d event would be perfect for Indianapolis. Or better said; Indianapolis would be perfect for the College World Series. Now, before CWS purists begin to chant “57 years!” “57 years!,”…

LESSONS LEARNED: PAUL KNAPP CEO, Young & Laramore: ‘Shoot for the Stars ‘

LESSONS LEARNED PAUL KNAPP CEO, Young & Laramore ‘Shoot for the Stars ‘ Paul Knapp isn’t one to declare victory. Nor is he eager to toot his own horn. But even he has to admit that something’s working at Young & Laramore. The Indianapolis advertising agency Knapp leads has a stable of national accounts, is opening a satellite office in Canada, and has projected capitalized billings in 2007 will hit $80 million. So what’s the secret of its success? Y&L’s…

St. Francis CEO organizing effort to heal state’s health care

Bob Brody, CEO of St. Francis Hospital and Health Centers, is spearheading an emerging group of central Indiana health reformers
who want to start a bottom-up process to develop alternative solutions to the state’s–and possibly the nation’s–health care
crisis.

MANAGEMENT: Hard decisions require strong leadership

I am struggling Q: with a major organizational change. I believe it will be beneficial in the long run, but implementing this change will cause considerable turmoil. How do I know if this is the right step for my company? The only way A:to know for sure is to make the change and then assess the result. A good business-planning process that forecasts how the changes will affect the company should be done beforehand, but no matter how good the…

THE TRAVELING LIFE: Start traveling now before it’s too late

On an Ambassadair trip to Athens, Greece, in 1987, one of the tour members suddenly got up from the breakfast table, saying he had to hurry to a class he was teaching that morning. After he left, his wife explained to the puzzled group that he had Alzheimer’s disease, which was diagnosed the year before his retirement in 1986. She said wistfully that they had saved their money so that they could travel after he retired from his job as…

BULLS & BEARS: How compounding, taxes affect investment returns

Investors who purchase individual securities in taxable accounts have a great deal of control over their tax situation-taxes are due only when the investment is sold and gains are realized. Those who wish to monitor their potential tax liability could maintain an “unrealized tax liability account” on their investment ledger that tracks the tax due if the investment were sold. Anyone who has held securities for decades is aware of the power of delaying the tax man. A single investment,…

WRTV to launch massive marketing campaign: New news anchors to tour area in RV ahead of sweeps

With the pending arrival of two new lead anchors, WRTV-TV Channel 6 is preparing to embark on a big marketing campaign that station management hopes will lift it out of third place in the local ratings. The campaign, which is set to begin next month to promote changes within WRTV’s news division, will be marked by a flurry of billboard, radio, newspaper and, of course, television advertising, said WRTV General Manager Don Lundy. But the centerpiece of the campaign takes…

ECONOMIC ANALYSIS: The link between taxes and high health care costs

“Things that can’t go on forever don’t.” If those famous words of the otherwise obscure Nixon-era economic adviser Herbert Stein apply to anything, it is health care spending. Most of us recognize that health care is expensive, breaking the budgets of many households, pressuring businesses and even challenging the spending capacity of giant federal programs like Medicare and Medicaid. What is less clear is why this is so, and what can, or should, be done about it. We spent more…

LEGAL: Leadership should not be a popularity contest

As we gear up for another presidential election, we once again see many of the candidates matching their leadership on issues to the public opinion polls. Some believe that is necessary to get elected to the nation’s highest office (and John McCain’s early show ing in the race might be proof of this). But it’s no way to run a business. Leading a business is not a popularity contest. Many important decisions are very unpopular. The leader who tempers decisions…

BEHIND THE NEWS: Now it’s time for Hhgregg to prove itself-again

Hhgregg Inc. has been around for 52 years. Forget about all that. To Wall Street, the company is an upstart that’s yet to prove itself. Such is the reality for the Indianapolis-based retailer of consumer electronics and appliances, which staged its initial public offering July 19. It raised $48 million by selling shares at $13 apiece. Three institutional investors collected another $74 million by scaling back their holdings. Now, Hhgregg’s considerable accomplishments-including more than $1 billion in annual sales and…

Housing advocate seeing upswing: Mortgage market woes boost INHP participation

Al Smith of Chase Bank doesn’t know Patricia Wells, but he is glad he was able to help the Indianapolis mother of five, if only indirectly. Wells closed on the purchase of a house on East Washington Street three months ago, thanks in no small part to two programs of the Indianapolis Neighborhood Housing Partnership, a two-decade-old not-for-profit that has helped hundreds of families realize the American Dream of homeownership. “I’m a single mother with five kids and I didn’t…

A&E: Indianapolis public art made easy

The guitar player slumping over White River State Park and the atfirst-fun-but-now-getting-annoying electronic pedestrians downtown will both be leaving Indy Sept. 1, ending the run of the “Julian Opie: Signs” exhibition. What will be the lingering effects of such a high-profile show? Perhaps one effect will be an increased likelihood that we will notice the public art that is already here, permanently. To that end, I’d like to point you to publicartindianapolis.com, a new Web site that will, in turn,…

VOICES FROM THE INDUSTRY: When it comes to investing, women shouldn’t shy away

As a female neurologist and financial advisor, I’ve learned that women have just the right mix of caution, willingness to learn, intuition and appreciation of their overall life goals to invest money well. The puzzling thing is, that in spite of these innate abilities, women often feel uncomfortable about investing their hard-earned cash themselves. So, they delegate others, usually men, to the task. Then, they live with the results. The outcome is not always pretty, especially in a case of…

INVESTING: Don’t give up on stocks, despite talk of bear market

The S&P 500 on June 1 set a rally high of 1,540. Now, it sits at 1,507. That’s the longest stretch of no forward progress since last summer. So, does that mean anything? There is no shortage of professionals telling us the next bear market is upon us. And with more than a few industries not participating for a while, it might seem the bears have a valid point. Before you pull out the lifeboats, though, there are a few…