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BEHIND THE NEWS: After taking blows, bank repairs relations with Lilly family

No bank wants to leave a customer steamed, especially when that customer is the mighty Lilly family. Great news for National City Bank of Indiana: It’s finally back on the family’s good side. Court papers filed in Marion Superior Court in recent months show the six nieces and nephews of heiress Ruth Lilly are increasingly satisfied with the bank’s handling of her financial affairs. Lilly, 91, is the sole surviving greatgrandchild of the pharmaceutical firm’s founder. The bank, part of…

Walker Theatre plans $10M revamp: Expanded space to lure larger productions

Madame Walker Theatre Center will unveil an ambitious $10 million expansion plan this week that includes knocking out the north side of the historic building and extending it into a neighboring parking lot. The project would increase the size of the one-time vaudeville theater’s stage and add room for props and costumes. Officials hope it also helps them lure larger productions to fill its nearly 1,000 seats. “This will have a long-term impact on the viability of the theater to…

RETURN ON TECHNOLOGY: Big screen? Two screens? Productivity debate goes on

Apple computer recently announced the results of a study by Paris-based Andreas Pfeiffer, which said buying one of Apple’s $1,999, 30-inch displays would increase productivity of one lucky employee 50 percent to 65 percent, enough to earn back the cost of the monitor before it dies or is supplanted by one with more pizazz a few years from now. Pfeiffer argues that it takes a lot of time to switch between windows on a smaller monitor, time that isn’t taken…

Smaller sales keep office real estate market humming: A $38 million deal for 3-building complex in Carmel stands out in 2006, but it wouldn’t have last year

A flurry of blockbuster office-building sales in central Indiana last year has led to fewer mega-deals in 2006. A $38 million sale of a Carmel office complex on Nov. 1, for example, was among the top five such transactions so far this year, but it paled in comparison to the nine-figure deals that won headlines in 2005. That’s to be expected, real estate observers say, since so much office inventory changed hands recently. And given the new persquare-foot highs set…

New golf superstore part of retail shakeup: Golfsmith goes head-to-head with Golf Galaxy

One of the nation’s largest specialty golf retailers, Golfsmith, is preparing to take a swing at the reigning champion of golf stores in central Indiana. The Austin, Texas-based chain is planning a 28,000-square-foot superstore in space now occupied by Marshalls in Castleton, less than a sand wedge from fellow category killer Golf Galaxy. The move is part of a major shakeup in a part of Indianapolis that’s long been a headquarters for golf shopping. The arrival of another national heavyweight…

Roof Envy: Insurers pay to fix thousands of hail-damaged homes, but some neighbors are feeling left out

After an April hailstorm caused widespread damage in central Indiana, an epidemic slowly and quietly began spreading through tree-lined streets and cul-de-sacs. As contagious as the common cold, “neighboritis” is contracted through casual contact with friends and neighbors, even by the simple act of driving by a house topped with sparkling new shingles. Those infected often experience an initial wave of optimism and euphoria, sometimes followed by a crash that leaves them feeling dissatisfied, even betrayed. The cause of the…

Lights, camera, Internet-More Web sites using video: Vodcast clips catching on as a way for organizations to deliver their message in a new, more exciting way

The terms for emerging Internet technology are enough to make the less savvy long for the days when e-mail seemed cutting-edge. The communication tool, especially among teens, has given way to instant messaging, of course. So it’s no wonder colleges and companies alike are starting to shun standard e- mail and Web-page marketing efforts in favor of video-on-demand clips, known as vodcasts. “The computer was meant to be watched; it wasn’t meant to be read,” said Jon DiGregory, who founded…

BRIAN WILLIAMS Commentary: Indy is ready (and waiting) for rapid transit

A new survey demonstrates yet again that community leaders recognize it is time to fix traffic congestion, improve air quality, reduce aggregate fuel use and enhance area accessibility. The study was taken last summer of 377 members of the Lacy Leadership Association, a group of local opinion leaders, by Walker Information, a local market research firm. More than 90 percent of survey respondents indicated that rapid transit is an important component of the solution to these problems. In addition, respondents…

Speedway’s windfall leads to speculation: Questions arise about possible new hotel, turn-two suite upgrades and acquisition of adjacent land

The Indianapolis Motor Speedway’s announcement this month that it would sell its stake in Chicagoland Speedway for $69 million has racing industry experts wondering if the famed Brickyard is planning an expansion. “There are a number of things [IMS President] Tony George could use that money for,” said Dennis McAlpine, a New York-based financial analyst covering motorsports and entertainment. “That’s not to say he’s hurting for cash, but I believe he has projects on his plate.” IMS and Daytona Beach,…

SPORTS: Glimmers of hope give Painter a long honeymoon

In terms of a transition game, Purdue University’s Matt Painter hasn’t yet been able to get out on the figurative fast break. First, there was the year he spent as associate head coach during Gene Keady’s long goodbye, when the Boilers struggled to a woeful 7-21 mark. Then, last season, when Painter assumed full control of the Boilermakers, injuries and suspensions factored heavily into a 9-19 record and a last-place, 3-13 finish in the Big Ten. And this year? With…

Glendale might become open-air center, gain a Target

Kite Realty Group is in final negotiations to bring Target to Glendale Mall as part of a wholesale redevelopment that could transform one of the city’s first enclosed malls into an open-air shopping center.

Making the connection: Lobbyists represent diverse client base in navigating complicated legislative maze

Indiana’s wineries faced potential ruin in early 2006. The U.S. Supreme Court had handed down a decision requiring states to treat in-state and out-ofstate wineries the same. That meant if Indiana wineries were allowed to continue to ship directly to Indiana consumers, out-of-state wineries would be entitled to the same access. Or the state could ban all direct shipments of wine to Hoosier consumers. That’s exactly what wholesalers wanted. But that would have spelled disaster for Hoosier wineries. The wineries…

Techpoint’s new leader sees room to grow: Indiana making progress, but could do better, he says

Techpoint, a locally based technology trade group that represents the interests of about 330 members statewide, is undergoing a transition in leadership. Jim Jay, 37, has been named interim CEO following the resignation of Cameron Carter, who has led the organization since 2003. Directors should begin a formal search for a permanent replacement the first of the year. Whether Jay lands the top job remains to be seen. But in the meantime, the Butler University graduate with an entrepreneurial spirit…

ECONOMIC ANALYSIS: Our technology woes begin in grade school

Those of us who work for universities soon become acquainted with the concept of tenure, which is a status typically conferred upon those of faculty rank who have demonstrated to their colleagues the ability to teach and conduct research to a high standard. Those who achieve tenured status are more free to speak their minds about controversial issues, since it is much more difficult for their superiors to terminate or dismiss them without just cause. The words penned in this…

EYE ON THE PIE: How much do property rights matter?

Rep. Roberta Righteous won reelection to the Indiana House again this year without opposition. We met for coffee and cinnamon rolls at a quiet spot near the Statehouse. “What’s going to be this year’s hot topic in the Legislature?” I asked. “Not prayer,” she said. “Not abortion, not education, not even jobs. The issue will be protecting property rights.” “Are property rights being threatened?” I asked, licking the frosting from my fingers. “No more than usual,” she responded with a…

Bridge project not too far for Zionsville firm: Timber-frame specialist has big role in rebuilding Parke County landmark

The Bridgeton Grist Mill in southern Parke County sat so close to a covered bridge that was destroyed by arson last year that firefighters hosed down the historic structure to keep it from burning, too. The mill, which has churned out flour since 1863, predated by five years the wooden trestle considered one of the most scenic of the 31 covered bridges in the western Indiana county. But a replicated bridge finished in early October resembles the original so closely…

Obstacles couldn’t stop community-minded Shaheen

Yvonne Shaheen, retired CEO of Long Electric Co., is the winner of the 2006 Michael A. Carroll award, given annually in memory of the former deputy mayor to a person who embodies determination, devotion, humility and community.

Health summit to discuss Latinos:

Obesity, mental health and the “Face of the Latino Immigrant” will be among the topics spotlighted Nov. 17 at the third annual Hispanic/Latino Health Summit in Indianapolis. Dr. Maria Soto-Greene will deliver the keynote address on effectively meeting the needs of the Hispanic/Latino community. Soto-Greene is the vice dean of the University of Medicine and Dentistry of New Jersey. Juana Watson, senior adviser on Latino affairs for Gov. Mitch Daniels, will talk about the health care needs of rural Mexicans…