Pan Am development deal dies
Fallout from the subprime mortgage fiasco has scuttled a developer’s plans to acquire Pan Am Plaza and could complicate a
host of other development deals under way in Indianapolis.
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SPORTS: Killing animals for sport isn’t right-or uncommon
On an August afternoon in 1992, while covering the Olympic Games in Barcelona for the local daily, several of us decided we needed to experience a slice of authentic Spanish culture. So we journeyed to a bullfight. I could offer a lengthy narrative, but I’ll provide the abridged version. The bulls are lanced several times by men on horseback. The subsequent loss of blood weakens the animals … slowly and agonizingly. Then the matador arrives with a sword and completes…
VIEWPOINT: How do we round up 11 million people?
Sometimes, important social and political issues can be seen most clearly beyond Interstate 465. Take the problem of illegal aliens, for instance. The latest statistics indicate 11 million to 12 million people, mostly from Latin America, are living in this country illegally. The practical reality is there’s no way to “round up” 11 million people and ship them back to their countries of origin. How do we go about it? About 11 million people live in Ohio. How realistic would…
New ventures expanding school sports coverage: Players large and small converge on growing niche
High school sports coverage, once found only in the back pages of local newspapers’ sports sections, is now spawning new Internet and print businesses. The players involved range from large public companies and professional sports franchises to small entrepreneurs. The effort to score with high school sports coverage appears to be driven by a growing number of advertisers interested in the diverse audience attracted to scholastic events. In recent months, High School Sports The Magazine debuted in central Indiana, Emmis…
Small biz tax bills rising, too: Extra expense narrows margins
Area homeowners weren’t the only ones to get a shock when they opened their 2007 tax bills. Some small-business owners also saw their bills skyrocket-putting a strain on entrepreneurs who often operate on razor-thin margins. “It’s catastrophic for some businesses,” said Kevin Hughes, state director for the National Federation of Independent Business’s Indiana chapter. Mike Hutson, owner of Westfield Lighting Co., certainly feels the pain. The bill on his commercial property-several acres and a 22,500-square-foot building-increased from $42,000 in 2006…
States stake their tourism claims to Lincoln
With the 200th anniversary of Abraham Lincoln's birth approaching, Indiana, Illinois and Kentucky all are fighting for
a share of the bicentennial limelight. Each has a valid claim to the 16th president: Lincoln was born in Hodgenville, Ky.,
on April 12, 1809, moved to a southern
Indiana farm with his family at age 7, then moved to Illinois at 21.
Counselor ventures out beyond her day job: Business helps student clients find their career path
One could say Barb Skinner works day and night helping confused teen-agers find the right career paths. During business hours, she’s a guidance counselor at Mount Vernon High School in Fortville. But evenings and weekends, she manages her own private career and college guidance firm, Career Planning Resources. CPR, which uses both personality profiling and one-on-one interviews to help high-schoolers pick career paths that mesh with their interests and strengths, came about mostly through Skinner’s own inability to blaze such…
College program target of New York investigation
An obscure not-for-profit has become a financial powerhouse since it was founded here 19 years ago. But now it’s in the crosshairs
of a New York state investigation into whether it and others that organize study abroad programs for college students offered
universities perks to become their preferred providers.
MARKETING: How can social media help promote your business?
MySpace. YouTube. Podcasting. Blogging. All are terms of the social media world, which offers businesses new ways to reach out to new and/or larger audiences. Let’s define these using explanations provided by www.wikipedia.org: MySpace: a social networking Web site offering an interactive, user-submitted network of friends, personal profiles, blogs, groups, photos, music, and videos internationally. www.myspace.com YouTube: video-sharing Web site where users can upload, view and share video clips, including movies, TV clips, music videos and amateur content, such as…
The first of the new glass panels are up on One Indiana Square. What do you think so far? The transformation of the 36-story tower built in 1970 is expected to take…
Sale of HD Supply, local locations, in jeopardy
The sale of HD Supply, a Home Depot subsidiary with several locations in Indiana, might not go through, several media reports say. Tightening credit and turmoil in the housing mortgage market have forced Atlanta-based Home Depot to consider cutting its $10.3 billion asking price by about $1 billion, but the sale is still uncertain. The […]
Steak n Shake shares flat after announcement
Shares of Steak n Shake Co. rose only 0.2 percent, to $15.30, this morning after the struggling Indianapolis-based hamburger chain announced late yesterday that it has hired the Wall Street firm Merrill Lynch & Co. as a financial adviser to help examine “potential opportunities.” Specifically, Merrill Lynch will advise a special committee of three independent […]
Lucas makes fan of Anderson police chief
The chief of the Anderson Police Department is a huge Indianapolis Colts fan, but his support for Forest Lucas may be as endearing. Lucas’ $122 million investment to secure naming rights for the new Indianapolis Colts stadium caught the attention of Chief Frank Burrows, who was contemplating switching to synthetic motor oil for the department’s […]
Indianapolis-based fraternity sued over fire
Indianapolis-based Alpha Tau Omega Fraternity has been sued by the family of a University of Mississippi student who died in a 2004 fire at its Ole Miss fraternity house. The lawsuit alleges the fraternity refused to sponsor a safety program following the fire, according to The Clarion-Ledger of Jackson, Miss. Wynn Smiley, CEO of the […]
WellPoint renews big California contract
Indianapolis-based WellPoint Inc. has received a three-year contract to administer medical claims for the California Public Employees Retirement System, according to Bloomberg. CalPERS, which buys health insurance for 1.2 million people, is one of the nation’s largest buyers of health benefits. WellPoint subsidiary Blue Cross of California has had the contract for eight years. UnitedHealth […]
PK Partners sells Nora Plaza to investment group
Michigan-based Ramco-Gershenson Properties Trust and a Chicago-based partner, Heilman LLC, have purchased Nora Plaza on the northeast side for an undisclosed price. The 304,000-square-foot center is 93-percent occupied and anchored by a Target store, plus Wild Oats Natural Marketplace and Marshalls. The seller was locally based PK Partners LLC, which owns several other retail centers […]
Steak n Shake hires Merrill Lynch as financial adviser
Steak n Shake Co. has hired the Wall Street firm Merrill Lynch & Co. as a financial adviser to help examine “potential opportunities,” the struggling Indianapolis-based hamburger chain said this evening. Specifically, Merrill Lynch will advise a special committee of three independent directors that was appointed recently. The committee is helping interim CEO Alan Gilman […]
Tower’s new look taking shape
The first of the new glass panels are up on One Indiana Square. What do you think so far? The transformation of the 36-story tower built in 1970 is expected to take…
A grand entrance for the JW
Someone asked a while back what the JW Marriott convention hotel will look like along West Street. I had a chance today to ask Mike Wells of developer REI Investments. He said…
UPDATE: Honda hiring process ‘unusual,’ expert says
A long-time economic development consultant said Honda Manufacturing Indiana’s decision to limit applications for production jobs to people living in only 20 Indiana counties is “unusual.” However, Don Iannone, of Mayfield Village, Ohio, quickly added that the Japanese automaker likely made a well-considered strategic decision. “Honda pretty much knows what it needs to do to […]