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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…

Atlas draws Fresh interest: Upscale grocery chain with a store in Carmel considers local expansion

April 10, 2006

North Carolina-based The Fresh Market Inc. has confirmed it’s interested in the former Atlas Supermarket site at 54th Street and College Avenue. “We are looking at expanding in that area and we’re looking at a lot of sites,” said spokesman Eric Blaesing. “[The Atlas site] is one of them.” He added that nothing is definite and “for every 100 sites you look at, you end up with one of them.” N e i g h b o r s hope…

BULLS & BEARS: Proxies often overlooked, but investors should care

April 10, 2006

This is the time of year for investors when a trip to the mailbox yields an armload of financial reports. Corporate annual reports come in all shapes, sizes and colors. Their purpose is to provide the investor with a view of the businesses’ performance over the past year, though some still tend to resemble marketing brochures as opposed to a candid compilation of the year’s results. An important-but often overlooked-document is included with the annual report: the proxy statement. The…

BRIAN WILLIAMS Commentary: Legislators should address insurance costs

April 10, 2006

Members of the Indiana General Assembly resolved some contentious issues in 2006, including property tax relief, telecommunications reform and the long-term leasing of public infrastructure. U n f o r t u n a t e l y, they did not have an opportunity to debate Senate Bill 124, which, if measured on the basis of the value per page, would have exceeded the much-heralded “Major Moves” transportation initiative. Introduced by Sen. Beverly Gard, a Greenfield Republican who has been…

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…

VIEWPOINT: Latinos and the legal system: no free lunch

April 24, 2006

Many issues face national and local civil and criminal justice systems across our nation. Years and years of application of Band-Aid remedies to complicated and longterm problems have brought many government systems to the verge of collapse. Marion County is no exception to the rule. Courts are strained with overwhelming caseloads. Average lives of cases continue to increase, clogging jails and courts. Public defender and prosecutor caseloads continue to swell, effectively reducing the quality of representation available to both the…

Ending overdue: Library shows progress amid legal tussle

April 24, 2006

There’s finally visible progress on the city’s Central Library expansion project. But the litigation over who’s responsible for its construction problems still has no end in sight. City-County Councilor Isaac Randolph is frustrated. So he wrote a proposal to order all the players in the Indianapolis-Marion County Public Library’s legal dispute to enter binding arbitration. “I’m trying to find a resolution to what’s clearly become an embarrassment to the citizens funding this,” Randolph said. “I’ve lost confidence in the leadership…

ECONOMIC ANALYSIS: It’s time we get started on a new state economy

May 1, 2006

Have you ever plunked down a lot of money for something and worried if you made the right choice? You have plenty of company. To cope with that insecurity, some of us try to persuade our friends to follow our footsteps. We put forth convincing arguments why our brand of car, or our new electronic gizmo, is really the best thing, and feel comforted and vindicated when they make the same choice we made. For too many years, that simple…

Daniels’ economic development plan calls for pricey tools: Three incentive funds would cost more than $100M

May 8, 2006

Indiana’s days of economic development on the cheap may soon be finished. Three major new business-incentive funds are on the Indiana Economic Development Corp.’s wish list, each bearing a significant price tag. The General Assembly will decide next year whether to provide the more than $100 million IEDC requests to form them. Plans for the three funds are tucked into Gov. Mitch Daniels’ comprehensive new state economic development plan, “Accelerating Growth,” released April 25. It aims to bring Hoosiers’ lagging…

Purchase offer expected for Winona Hospital: Three interested parties check out empty facility

May 15, 2006

Vacant Winona Memorial Hospital could attract a written purchase offer as soon as this summer, and at least three potential buyers are already researching a deal. Among the property’s attributes are a layout that’s well-suited for health care uses, said Gus Miller, a principal with NAI Olympia Partners, an Indianapolis real estate firm listing the site for $8 million. But the layout, with ceiling heights of only 8 feet, also limits the former hospital’s appeal to businesses outside health care….

Daniels seeks to copy key-clusters strategy: Industry initiatives would mimic BioCrossroads plan

May 15, 2006

If imitation is the sincerest form of flattery, BioCrossroads has been vindicated. Gov. Mitch Daniels hopes to see a series of similar industry initiatives sprout around key clusters in Indiana’s economy. He envisions parallel initiatives for manufacturing, transportation and logistics and a series of other crucial business sectors. “We’d love some company,” said BioCrossroads CEO David Johnson. As outlined in Daniels’ “Accelerating Growth” economic development plan released last month, the initiatives would be based on proven Indiana strengths and identifiable…

Smaller banks seeking relief: Legislation takes on costly regulatory costs

May 15, 2006

German American Bancorp in Jasper has spent more than $1 million the past two years complying with the stringent accounting provisions of the Sarbanes-Oxley Act. The cost alone is reason enough for the community bank’s president and CEO, Mark Schroeder, to support a measure exempting smaller public companies such as his from Section 404 of the act. He even traveled to Washington, D.C., May 3 to testify in front of the U.S. House of Representatives Small Business Committee. “Ultimately, this…

BOOK REVIEWS: “Best Face Forward: Why Companies Must Improve Their Service Interfaces with Customers”

May 22, 2006

Customers got their first inkling 25 years ago when ATM machines were introduced. Another hint came along 10 years later when voice mail arrived. The trickle of computerized customer-service inter actions became a flood as we started using devices like parking-garage ticket machines, airline ticket kiosks, telephone voice trees and self-service checkouts for groceries and library books. Internet transactions such as online shopping, banking and purchasing movie tickets also entered the scene. Interacting with these “smart technologies,” which seemed odd…

Suit puts One Call on hold: Firm placed in receivership as lender seeks $21 million

May 22, 2006

One Call Communications has been placed in receivership, a day after a lender for its 2002 management buyout filed a lawsuit alleging the Carmel long-distance and operator-services company owes it more than $21 million. The May 11 lawsuit in U.S. District Court in Indianapolis by Pittsburgh-based PNC Bank appears to be the knockout blow for a telecommunications firm accused by several states of violating consumer protection laws in billing and collection practices. Also looming is a proposed $1.1 million fine…

Proposed resource center targets science, tech, math: BioCrossroads wants to help build strong foundation Pulling things together

June 5, 2006

Only 64 percent of Indiana’s fifthgraders passed the latest ISTEP+ test in science. A little better-76 percent-passed the math component. Unfortunately, as children advance in grades, their ISTEP+ math scores worsen. By eighth grade, only 64 percent passed the math portion of the test. Yet, economic development officials in Indiana-and much of the country-want young students to choose to study in college areas of advanced manufacturing, life sciences, informatics, agribusiness and an array of disciplines that require a strong foundation…

$20M overhaul for City Market?: Culinary school may replace east wing

June 19, 2006

City Market officials are trying to pull together an ambitious plan to transform the century-old downtown lunch spot into a virtual paradise for foodies, complete with an Ivy Tech culinary school campus. But they still have a couple of big hurdles to clear before giving the green light to the nearly $20 million project. Plans include razing the east wing and replacing it with a five-story, $18 million building that could house Ivy Tech State College’s culinary programs. A separate…

Market Square project in doubt: Two months before deadline, condo developer won’t talk, scales back its sales effort

June 26, 2006

The city of Indianapolis already has twice pushed back the deadline for closing a deal with the developer of a high-rise condo project slated for the former Market Square Arena site. Now, with the latest deadline of Aug. 31 looming, officials with developer Market Square Partners LP are incommunicado amid signs they’re struggling to find enough buyers to get the project off the ground. The sales office, once staffed daily, now apparently operates on an appointment-only basis. The developer hasn’t…

ECONOMIC ANALYSIS: Health care cost ‘solutions’ only worsen the problems

June 26, 2006

As an economic forecaster, I am almost always optimistic. But that’s not a personality trait. It’s the nature of the business. The economy around us is doing amazingly well. We’ve had much longer economic expansions, steady job and income growth, and less frequent recessions for more than two decades now. So when you deliver an optimistic forecast these days, you stand a pretty good chance of being right. But if there’s one area where my optimism vanishes, it is this-how…

EYE ON THE PIE: Tale of 2 bridges has deeper meaning

June 26, 2006

Two bridges at opposite ends of the state are of concern to neighboring citizens and all Hoosiers. Both are historic steel-truss bridges. One spans the Wabash River connecting New Harmony (Posey County) with White County, Ill. The second spans the Gibson rail yard in Hammond (Lake County) and carries the traffic of busy Indianapolis Boulevard. Both bridges are in poor condition. The Indiana Department of Transportation has recommendations for both bridges. Local officials are opposed to the INDOT plans. Whose…

IPS swap a flop?: Browning tells district to drop land-trade plan; site drew just 3 bids despite prime location

July 3, 2006

Indianapolis Public Schools is sitting on a 12-acre parcel of prime downtown land it probably could sell for big bucks. But its pursuit of a land swap instead has tempered interest in the site and raised questions about whether such a complicated deal is the way to go. Just three developers responded to IPS’ request for bids on its land east of Massachusetts and College avenues, despite the unsolicited inquiries that drove the school district to explore its options in…

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Articles

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

Atlas draws Fresh interest: Upscale grocery chain with a store in Carmel considers local expansion

BULLS & BEARS: Proxies often overlooked, but investors should care

BRIAN WILLIAMS Commentary: Legislators should address insurance costs

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

VIEWPOINT: Latinos and the legal system: no free lunch

Ending overdue: Library shows progress amid legal tussle

ECONOMIC ANALYSIS: It’s time we get started on a new state economy

Daniels’ economic development plan calls for pricey tools: Three incentive funds would cost more than $100M

Purchase offer expected for Winona Hospital: Three interested parties check out empty facility

Daniels seeks to copy key-clusters strategy: Industry initiatives would mimic BioCrossroads plan

Smaller banks seeking relief: Legislation takes on costly regulatory costs

BOOK REVIEWS: “Best Face Forward: Why Companies Must Improve Their Service Interfaces with Customers”

Suit puts One Call on hold: Firm placed in receivership as lender seeks $21 million

Proposed resource center targets science, tech, math: BioCrossroads wants to help build strong foundation Pulling things together

$20M overhaul for City Market?: Culinary school may replace east wing

Market Square project in doubt: Two months before deadline, condo developer won’t talk, scales back its sales effort

ECONOMIC ANALYSIS: Health care cost ‘solutions’ only worsen the problems

EYE ON THE PIE: Tale of 2 bridges has deeper meaning

IPS swap a flop?: Browning tells district to drop land-trade plan; site drew just 3 bids despite prime location