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Keeping up with CEDIA: Group’s new boss shares successes, challenges

April 17, 2006

The locally based Certified Electronics Designers & Installers Association recently selected Don Gilpin as its new executive director. Gilpin, 42, is an eightyear veteran of the trade group and had served as executive vice president. The Minnesota native and Franklin College graduate spoke with IBJ about his appointment and the issues facing the organization. IBJ: As executive director of CEDIA, what is your role? GILPIN: CEDIA has different departments within it, and they range from expo to marketing to legislative…

Bank’s price fell $100M: Union Federal buyer cut offer as negotiations dragged on; investors pushed for liquidity

April 17, 2006

No wonder word leaked early this year that Union Federal Bank was about to be sold. A new federal filing reveals that a deal had been brewing since early last year-spawned largely by mounting frustration among investors that they were unable to turn their stake in the bank’s privately held parent, Fort Wayne-based Waterfield Mortgage Co., into cash. “The concerns over liquidity were voiced by many shareholders at Waterfield Mortgage’s annual shareholders’ meeting in the spring of 2004,” according to…

SPORTS Bill Benner: Is blowing up Pacers roster a risk worth taking?

April 17, 2006

On the last day of the regular season, many professional teams schedule “fan appreciation” ceremonies. Judging by the numbers of empty seats in Conseco Fieldhouse, the Indiana Pacers might hold “fan depreciation” night April 19 when the regular season comes to a merciful conclusion. The paying customers, as is their wont, are voting with their feet. Time to spend their evenings at home, or outdoors, enjoying the benefits of daylight-saving time (blame it on Mitch!), rather than witnessing another dark…

Paid boards spur not-for-profit debate: Critics: If directors won’t give time, who will?

April 17, 2006

Indianapolis-based USA Funds is a large, complex organization, and members of its governing board are busy people. Same goes for the NCAA, another local not-for-profit with a national reach, a nine-figure budget and directors who are anything but professional volunteers. The two organizations have one key difference, though: USA Funds pays its board members. The NCAA does not. “It’s simply the nature of the world,” said Norm Lefstein, an Indiana University law professor who chairs the compensation committee at student-loan…

State will grant parking perks for Prius, other hybrid vehicles:

April 17, 2006

The right car-not an early arrival or high rank-will soon get state workers the best parking spaces at the Indiana Government Center. As an incentive for its workers to drive less-polluting cars, the state plans to give drivers of hybrid cars the coveted spaces in the basement of the parking garage at West and Washington streets. Those would be the spaces right outside the tunnel entrance to the government center. The hybrid parking signs should go up within a month,…

CFO had humble start: Eli Lilly veteran lands in high-profile, high-pressure role

April 17, 2006

Derica Rice started figuring out his future the day he glanced in his mother’s refrigerator and actually paid attention to the insulin vials stored there. Eli Lilly and Co.’s new chief financial officer recalled being home at the end of a summer. He was fresh off an internship with another company and was in casual job talks with Lilly representatives. He had seen the clear vials his mother, Inez-a Type II diabetic-stored in her fridge, but he never read the…

Local facility first to offer overnight help for anorexia: Lotus House fills void for those with eating disorders

April 10, 2006

A spacious home near Stony Creek in Noblesville once known as the Hare estate has been transformed into an intensive treatment facility for young women struggling with severe eating disorders. Dubbed Lotus House, the three-story residence began hosting patients in October. Partners Patrick Hall, 40, and Misty Rees, 33, founded the facility to provide an inpatient alternative to standard care. The facility, which offers therapies for anorexia nervosa and bulimia, is just the second in the Indianapolis area to treat…

Shared patient rooms in hospitals soon to be history: Guidelines call for private quarters in all new facilities

April 10, 2006

New guidelines due out in June will call for newly constructed hospitals to come equipped with all private patient rooms, the first time such a minimum requirement has been issued. The guidelines, published every four years by the Facilities Guidelines Institute and the American Institute of Architects’ Academy of Health, are used by nearly 40 state governments-including Indiana-to set regulations, approve construction plans and license hospitals to operate. And hospitals nationwide-including those in Indiana-are expected to embrace the guidelines that…

COMPEN$ATION CLASH: Complexity boosts not-for-profit pay, but should work be its own reward?

April 10, 2006

At least two large Indianapolis not-for-profits have been investigated-and cleared-as part of an Internal Revenue Service examination of compensation practices at tax-exempt organizations. Preliminary results of the nationwide inquiry aren’t expected until fall, but the scrutiny already has increased the volume in an ongoing debate over how not-for-profit executives should be paid. Some observers have called for setting limits on not-for-profit compensation, citing the charitable nature of the work. Others insist sixor seven-figure pay packages are not out of line…

Single women opt for owning homes: Marriage and home ownership aren’t always synonymous

April 10, 2006

Apparently, Dorothy’s still right. There is no place like home, particularly if you are a single woman with good credit. Single women now are significant players in the real estate market. In fact, one out of every five homebuyers nationwide in 2004 was a single woman-and locally the percentage is even higher. According to a 2004 study by the Metropolitan Indianapolis Board of Realtors, almost 25 percent of homebuyers in the area were single women. The national figure, compiled by…

Profitable Indians enter pivotal year: Local franchise in better shape than most

April 10, 2006

The Indianapolis Indians have one of the winningest franchises in minor league baseball-at least financially. Since 1973, the AAA franchise has been in the black. And, despite new challenges, the team hopes to maintain that streak this year. But operating expenses that have escalated much faster than revenue in recent years have put all minor league teams on guard, and this season is seen as crucial for the survival of many of those franchises across the country. Even though the…

SPORTS: Will Hoosier fans find room for Sampson’s baggage?

April 3, 2006

Congratulations to Kelvin Sampson? Forget that. Congrats go to Indiana University’s athletic director, Rick Greenspan. In this age of wallto-wall media, talk shows, blogs feeding rumors, and undisclosed sources, that Greenspan did an “abracadabra” to pull Sampson out of his hat as IU’s new men’s basketball coach was an astounding piece of magic. Because of all the names mentioned in the six weeks following Mike Davis’ resignation-the Steve Alfords (my choice), the Randy Wittmans, the Tom Creans, the Mark Fews,…

City gives cultural trail green light: Long-anticipated project could cost $35M to $42M

April 3, 2006

The long-discussed trail will loop through downtown and cost $35 million to $42 million. All the money will come from federal transportation dollars and private contributions. “The trail has been officially approved,” said Brian Payne, president of the Central Indiana Community Foundation, the project’s lead managing partner. “It’s definitely a project that’s going to happen now.” Tourism officials greeted the news with enthusiasm. It’s a “huge win for White River State Park as well as the city,” said Bob Whitt,…

Indiana Avenue looks for revival: Cultural plan: stresses retail, residential growth, and a possible extension

April 3, 2006

Indiana Avenue looks for revival Cultural plan stresses retail, residential growth, and a possible extension Indiana Avenue’s glory days as a haven for black-owned businesses and vibrant nightclubs exists only in the history books. But a plan to revitalize the city’s newest cultural district could restore some of the luster. City leaders completed the blueprint for redevelopment early this year and now are in the early stages of executing a plan that organizers say could take 20 years to play…

Clarian plans training center: Doctors, nurses to sharpen skills in $44 million building

April 3, 2006

A team led by Clarian Health Partners will add a $44 million training center to the cluster of life sciences businesses taking root around the Central Canal on the northern edge of downtown. The Indianapolis hospital network recently filed plans with the city to build a six-story, 182,750-square-foot building on the eastern side of the canal. The site sits just south of a pathology laboratory on 11th Street that Clarian plans to dedicate later this month. The Indiana University schools…

National City Center to get $11 million facelift: Projects include new Starbucks and restaurant

April 3, 2006

National City Center and anchor tenant Hyatt Regency Indianapolis plan to pump more than $11 million into the aging, 16-story building to boost its competitiveness with other downtown towers. The plans might grow to include connecting the building to the Artsgarden at the corner of Washington and Illinois streets. The Hyatt Regency, which occupies a wing of the National City Center, plans an $8.5 million renovation that will include the addition of 10,000 square feet of meeting space, a Starbucks…

Indiana to alter Web site: Small IT firms aren’t thrilled with contract requirements

March 27, 2006

For the first time in more than a decade, Indiana is shopping for a Web portal manager. Indiana Office of Technology CIO Karl Browning is attempting to make the state’s award-winning Internet gateway even better. The hunt will also test Gov. Mitch Daniels’ “Buy Indiana” initiative, which aims to give local companies a leg up in competition for state contracts. The larger players in Indiana’s IT community say they’re pleased with the new process. But some smaller firms complain it’s…

Audits give high marks to drug-testing programs: Labor organization says results show effort is working

March 27, 2006

Owners of building projects in central Indiana need not worry about laborers from certain organizations showing up for jobs with bloodshot eyes or slurred speech. Audits conducted on drug- and alcoholabuse testing programs operated by some of the state’s labor groups confirm what most in the industry say they already knew-that the system is working. The inspections were done at the urging of the Metro Indianapolis Coalition for Construction Safety, a local voluntary program of construction contractors, subcontractors and the…

HMOs report steady profits, falling membership: Indiana insurers performed well overall in 2005

March 27, 2006

Most of Indiana’s largest HMOs managed to turn profits in 2005, even as other kinds of health insurance gained market share, sucking away 6 percent to 15 percent of their customers. Technology improvements and more efficient operations helped counter those losses, health maintenance organization executives said. However, annual reports filed with the state Department of Insurance show that profit for some of these managed care options slipped compared to 2004. Industry insiders say many companies are reluctant to offer HMOs…

Stadium project missing diversity goals: Building authority might look beyond city to meet mandates for contracting with minority-, women-owned firms

March 27, 2006

The director of the entity in charge of the Colts stadium project conceded it will need to reach beyond central Indiana to fulfill aggressive minority-contracting goals attached to the structure’s construction. The General Assembly passed legislation last year directing the Indiana Stadium and Convention Building Authority to grant 15 percent of contracts to minoritybusiness enterprises and 5 percent to women-business enterprises. With one-quarter of the contracts awarded, the ISCBA is close to achieving its minority goals, but is only about…

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Articles

Keeping up with CEDIA: Group’s new boss shares successes, challenges

Bank’s price fell $100M: Union Federal buyer cut offer as negotiations dragged on; investors pushed for liquidity

SPORTS Bill Benner: Is blowing up Pacers roster a risk worth taking?

Paid boards spur not-for-profit debate: Critics: If directors won’t give time, who will?

State will grant parking perks for Prius, other hybrid vehicles:

CFO had humble start: Eli Lilly veteran lands in high-profile, high-pressure role

Local facility first to offer overnight help for anorexia: Lotus House fills void for those with eating disorders

Shared patient rooms in hospitals soon to be history: Guidelines call for private quarters in all new facilities

COMPEN$ATION CLASH: Complexity boosts not-for-profit pay, but should work be its own reward?

Single women opt for owning homes: Marriage and home ownership aren’t always synonymous

Profitable Indians enter pivotal year: Local franchise in better shape than most

SPORTS: Will Hoosier fans find room for Sampson’s baggage?

City gives cultural trail green light: Long-anticipated project could cost $35M to $42M

Indiana Avenue looks for revival: Cultural plan: stresses retail, residential growth, and a possible extension

Clarian plans training center: Doctors, nurses to sharpen skills in $44 million building

National City Center to get $11 million facelift: Projects include new Starbucks and restaurant

Indiana to alter Web site: Small IT firms aren’t thrilled with contract requirements

Audits give high marks to drug-testing programs: Labor organization says results show effort is working

HMOs report steady profits, falling membership: Indiana insurers performed well overall in 2005

Stadium project missing diversity goals: Building authority might look beyond city to meet mandates for contracting with minority-, women-owned firms