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Articles

VOICES FROM THE INDUSTRY: Projects require much work before ground is ever broken

May 26, 2008

Encouraging new development-residential and commercial-is such a high priority in many communities these days that one would think both the private and public sectors would rush to break ground before the impulse passes. But as ESPN college football analyst Lee Corso often responds each Saturday during the season to the observations of others, “Not so fast my friend.” Before construction actually starts, all parties involved in a proposed project, if it is to be successful, must reach consensus on a…

Local engineering firm backing effort to turn garbage into ethanol

May 26, 2008

Indianapolis-based engineering and consulting giant RW Armstrong has become lead investor in an upstart ethanol firm that
would apply novel technology to make the automotive fuel without using corn as the key ingredient. It would be the first big
commercial plant in Indiana to make the alcohol fuel with so-called cellulosic material–the holy grail, of sorts, in the
ethanol
industry.

Move over ‘Super 70’-this one is really big: Department of Transportation hoping for summer launch of study to add truck lanes to 800 miles of I-70

May 26, 2008

Imagine driving the car down an interstate highway devoid of tractor trailers. It could dramatically improve traffic flow and safety, but it would sever supply chains and bring manufacturing to a halt-to say nothing of the state’s logistics industry. But how about putting those trucks in their own lanes, separated from cars and light trucks? What seemed merely a fanciful concept for Interstate 70 when highway planners tossed it out about a year ago is gaining momentum. The Indiana Department…

New Lafayette Square owner pitching major expansion

May 26, 2008

Lafayette Square Mall could look a lot like the revitalized Glendale Town Center in a few years if the mall’s new owners get
their way. A proposed site plan shows that New York-based Ashkenazy Acquisition Corp. doesn’t intend to settle for filling
the mall’s ample vacant space.

Central Canal might get floating stage

May 26, 2008

A floating stage for concerts and a submarine memorial are in the works for Indianapolis’ Central Canal, adding to the downtown
waterway’s growing base of attractions. Efforts to develop a one-acre site at the heart of the canal, meanwhile, remain stalled.

Fort Wayne-area stroke network proposed

May 27, 2008

Two Fort Wayne hospitals and a neurology center are launching a network to care for stroke victims, hoping to include as many as 30 facilities within 90 miles of the city. Parkview Health and Lutheran Health Network created the network with Fort Wayne Neurological Center, according to Greater Fort Wayne Business Weekly. Called StrokeCareNow, the […]

Read and discuss latest headlines

May 27, 2008

This week’s print IBJ is heavy on real estate news, just the way I like it. Check out some highlights:

Big plans for Lafayette Square
Lafayette Square Mall could look a lot like the…

L’explorateur, Scotty’s & Tango

May 27, 2008

I’ve got a couple of downtown restaurant nuggets. But first, mark your calendars: The summer edition of Devour Downtown starts Monday. Enjoy a special $30 menu at many of downtown’s top eateries for two weeks. Bon appetit!

Conseco rejects investors’ overture

May 29, 2008

Conseco Inc. rejected a proposal by activist investor Steel Partners II LP to acquire up to 22 percent of the company’s shares, according to a letter from Conseco CEO Jim Prieur. Prieur told New York-based Steel Partners that allowing it to amass such a large stake would limit Conseco’s ability to repurchase its own shares. […]

ECONOMIC ANALYSIS: Sky-high gas prices are revving up the political rhetoric

June 2, 2008

From all the noise surrounding gasoline prices, you’d think nobody actually benefited from the high prices. But, of course, some folks do benefit. Let’s figure out who they might be. Obviously, consumers don’t benefit. The average car owner in the United States pays about $80 more per month with gas at $4 per gallon than he did back when it was $2.25. Not good news, of course, but hardly the end of the world. Folks who provide goods and services…

VOICES FROM THE INDUSTRY: Could employees file suit over retirement plan fees?

June 2, 2008

In fewer than two years, workers have filed 30 lawsuits against their employers regarding fees charged to the employees’ 401(k) plan accounts. Half of the lawsuits have been filed by a single St. Louis law firm. Ten suits have been filed in Illinois. Employers that have been sued include Bechtel Corp., General Dynamics Corp., International Paper Co., Kraft Foods Global, Inc., Lockheed Martin Corp., Northrop Grumman Corp., United Technologies Corp. ABB, Inc., Deere & Co. and Unisys Corp. In order…

Art & Nature Park

June 6, 2008

Here’s more on the works that will be part of the Indianapolis Museum of Art’s Art and Nature Park, courtesy of IBJ reporter Jennifer Whitson.

Atelier Van Lieshout, a Danish studio run by artist Joop van Lieshout,…

Developers vie for property by Central Library

June 9, 2008

Two high-profile property developers are squaring off for the rights to transform a six-story apartment complex adjacent to
the Central Library downtown. Van Rooy Properties and Buckingham Cos. both submitted proposals to redevelop the Ambassador
apartments at 39 E. Ninth St., just north of the library.

Local mental health centers caught in funding limbo: Federal effort to shift costs to states on hold, but not-for-profits’ budgets for next year must be completed now

June 9, 2008

At Indianapolis-based Adult and Child Mental Health Center Inc., Executive Director Bob Dunbar has developed a contingency plan as he works on the agency’s $25 million budget for next year. He has two versions of a spending plan for the center, which provides mental health services for 4,200 children and adults a year. One includes moderate cuts tied to state funding changes, and the other deals with massive cuts pushed by the federal government. In the worst-case scenario, as much…

Rebirth for Ambassador?

June 9, 2008

Two local developers have submitted bids to redevelop the Ambassador apartments adjacent to the Central Library. Van Rooy and Buckingham both proposed mixed uses for the Ambassador building, with street-level retail and commercial…

Library officials delay Ambassador recommendation

June 11, 2008

Indianapolis-Marion County Public Library officials yesterday said they need more time to make a recommendation on who should redevelop two library-owned properties adjacent to its flagship downtown branch. Library officials have been reviewing three proposals for both the Ambassador apartment building and property the library owns at 815 and 817 N. Pennsylvania St., now home […]

Reducing carbon emissions could send state power prices soaring

June 16, 2008

A report from Purdue University suggests industrial customers in
Indiana could see disproportional rate increases in the years ahead as the state’s coal-intensive electric utilities are forced
to reduce carbon dioxide emissions.

Renaissance Bay & SpongeBob

June 18, 2008

A huge condo project along Keystone Avenue at 78th Street is coming out of the ground fast, and the developers now are offering tours to potential buyers. The $150-million…

Library puts off Ambassador decision

June 20, 2008

Indianapolis-Marion County Public Library board members couldn’t reach a consensus last night on who should get rights to develop two library-owned properties adjacent to its flagship downtown branch. The library’s Board of Trustees met for more than two hours to discuss plans to redevelop the vacant Ambassador apartment building and property the library owns at […]

ATA assets headed toward auction

June 24, 2008

Bankrupt ATA Airlines aims to land court approval Friday to conduct a massive auction of assets next month in Indianapolis and Chicago. “This will be one of the biggest auction events in Indy this year,” states the Web site of Key Auctioneers. ATA wants the Avon firm to conduct the auction July 22 at ATA’s […]

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