Market Square development deadline looming
Rival developers are dusting off plans for the former Market Square Arena site now that the partnership the city chose for the project appears on the verge of missing the Aug. 31 deadline to buy the land.
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Top Conseco executives opt to live in Chicago
Jim Prieur makes a great choice for Conseco Inc. CEO, analysts say. But whether his hiring bodes well for the company’s Carmel headquarters is a different question. Conseco Chairman Glenn Hilliard said last week that Prieur will live in Chicago when he joins the company next month.
IEDC shelves proposal to copy Ohio initiative: Program matches promising startups with capital
An Ohio program launched in 2003 to urge development of extremely earlystage companies has already spurred investments worth $239 million in 68 Buckeye startups. Venture capitalists would like to duplicate the program here. But their proposal has been languishing at the Indiana Economic Development Corp. for a month. “We have the application. We haven’t done anything with it,” said IEDC Director of Small Business and Entrepreneurship Bruce Kidd. “This is a classic steeple chase. You’ve got lots of hurdles to…
PROFILE FIRST JURY INC.: Practice makes perfect Local trial consultants aim to help lawyers prepare for litigation
PROFILE FIRST JURY INC. Practice makes perfect Local trial consultants aim to help lawyers prepare for litigation Blame the name. Attorneys could be forgiven if they thought hiring Indianapolis-based First Jury Inc. would get them advice on choosing a jury sympathetic to their clients’ cause. But its staff won’t tell them to avoid the woman with her arms crossed or the man who won’t make eye contact. Instead, they’ll assemble a jury of their own and stage a mock trial,…
Putting a spin on 911: Law-enforcement agencies embrace reverse system
Langsenkamp, CEO of Sigma Micro Corp. in Indianapolis, began conducting research on the patented Reverse 911 Interactive Community Notification System in 1990. The technology, however, didn’t hit the market en masse until a decade later. Today, roughly 350 law enforcement agencies in the United States and Canada, including those in Carmel and Beech Grove, use it to blast warnings to residents. “It was the first system that ever allowed people to dial phone numbers and deliver messages based on the…
Long-distance diagnoses are company’s specialty: NearMed to provide radiology services to hospitals
An Indianapolis health care startup plans to begin diagnosing patients this fall without actually seeing any of them face to face. NearMed will venture into the fastgrowing market for “teleradiology” by offering a network of doctors around the clock and radiology subspecialists who work days and evenings to read X-rays and other images transmitted over a secure computer network. The Intech Park-based company will call on radiologists in Indiana, Texas and Idaho. In addition, it will provide clients with picture…
CHRIS KATTERJOHN Commentary: Carmel’s newest development craze?
What do you do if you own 40 acres smack dab in the middle of one of the hottest sections of Carmel; you are literally surrounded by cookiecutter subdivisions; and developers are swarming you with offers to buy your land at $100,000 an acre? If you’re Don and Judy Carter-Evans, you say “no thank you” and work with the Indiana Department of Natural Resources to have threequarters of the acreage designated a Classified Wildlife Habitat. The Carter-Evans property is on…
Developers eye extension for opportunities: Four-mile link of 146th Street from S.R. 37 to I-69 in Noblesville will turn road into important thoroughfare
A commercial corridor brimming with office buildings, similar to the one along U.S. 31 in Carmel, is what Noblesville city planners envision for the 146th Street extension from State Road 37 to Interstate 69. Ground is expected to be broken this fall on the four-mile extension, which will make the street a major east-west thoroughfare through the south side of Noblesville if finished as planned in October 2007. The street is already a busy route across much of Hamilton County,…
BEHIND THE NEWS:
In the 1980s, Jim Massey was one of Indianapolis’ top bankers. Now, he finds himself in bankruptcy court, the latest former Conseco Inc. director to fall victim to the company’s hardball loan-collection tactics. The Carmel-based insurer last month filed an involuntary bankruptcy petition for Massey, 71, the former president of Merchants National Bank. “It is just another forum to try to bring an expeditious conclusion to the problem,” said Reed Oslan, a partner with the Chicago law firm Kirkland &…
Jones’ ChaCha IT firm to have human touch
For the last eight months, Indiana’s resident high-tech guru has been quietly developing a new IT firm. Few details have been leaked to the public. But in September, a national media blitz will announce the launch of ChaCha Search Inc., Jones’ new human-assisted Internet search engine.
BEHIND THE NEWS: Coastal cash flowed into tiny firm, yielding big payoff
Century Realty Trust is but a grain of sand in the universe of real estate companies. But within the last few years, the Indianapolis firm has caught the attention of investors on the coasts, and they’re the richer for it. Now that Century Realty is selling nearly all its properties to Indianapolis-based apartment owner Buckingham Properties and liquidating, its investors likely will collect from $20.50 a share to $21 a share, according to a filing with the U.S. Securities and…
Noble Roman’s seeking a return to glory
Noble Roman’s Inc. executives think they’ve found the recipe to lift their company out of its stock malaise. The Indianapolis company started franchising last year restaurants that feature dual branding with its Tuscano’s Italian Style Subs, and it plans 157 locations within three years.
IRL losing momentum again
Smoke coming from the Indy Racing League’s business model indicates it’s leaking oil. Two IRL teams recently folded and at least two more are in serious financial distress. Television ratings and race attendance is either flat or trailing last season.
Dispute clouds Sky buyout of Union Federal
Union Federal Bank’s Fort Wayne-based parent is locked in a dispute that could put in peril the Indianapolis financial institution’s $330 million sale to Bowling Green, Ohio-based Sky Financial Group Inc.
BEHIND THE NEWS: Heiress to be out of sight when judge decides fate
Attorneys will gather in a Marion County courtroom Aug. 7 to ask a judge to appoint personal guardians for Ruth Lilly. They’ll argue that she’s incapacitated and incapable of making decisions for herself. It’s one of the most pivotal moments in the life of the heir to the pharmaceutical fortune, who turns 91 Aug. 2. But court records indicate she won’t be present. That’s perhaps fitting. The sole surviving greatgrandchild of the pharmaceutical firm’s founder has led a reclusive life,…
Ethanol backer harvesting investors: Cardinal, others see biofuel potential, while skeptics see risk 982 1372 1071 1392IBJ’s Life Sciences & Biotech Magazine looks at the future of biofuel production in Indiana. SECTIONB
IBJ’s Life Sciences & Biotech Magazine looks at the future of biofuel production in Indiana. SECTIONBDuring one day this month, Randolph County farmer Troy Prescott drove hundreds of miles to visit three western Ohio towns-gladhanding potential backers gathered at a VFW hall, an armory and a restaurant. And just a few days ago, in Fishers, he spelled out his vision to more than 50 people, some wearing suspenders and down-on-the-farm twangs. Prescott isn’t running for Congress, but his 25-city road…
At age 25, Wild Birds exceeds 300 stores in 43 states, Canada
When Jim Carpenter opened the first Wild Birds Unlimited in Indianapolis 25 years ago, his goal was to bring people and nature together–a combination that has brought him "unimaginable" success.
CHRIS KATTERJOHN Commentary: Newsman reflects on iconic past
One of the great things about being a newspaperman is that you get the inside scoop on everything. Even more so than reporters, editors have a unique perspective because they are in on the details of all the big news that’s breaking. They are also privy to lots of information and background that doesn’t end up in print for one reason or another. So it is with a sense of collegial empathy that I highly recommend an upcoming book by…
Hotel art adds more than ambiance: Local gallery offers work from Picasso to Perrin for sale at Conrad Indianapolis
An international crowd in for the Formula One race milled through a sold-out Conrad Indianapolis downtown on a recent weekend. As they jutted off to their spa appointments and dinner reservations, some may have spared a glance at artwork that sprinkles the walls of the first and mezzanine floor-an interesting mix of modern art from the likes of Pablo Picasso to Indianapolis artist Lois Main Templeton. The collection of 18 pieces was selected under an agreement between the hotel and…
Conseco takes fresh look at product development: New strategy emphasizes shared resources, efficiency
Conseco Inc. rolled out a fresh blueprint for product development earlier this year, and it was high time the insurer did so, say analysts who follow the company. The Carmel-based holding company is combining the resources of its subsidiaries and developing a corporate-wide system to pump out products more efficiently for its two main operating segments, Conseco Insurance Group and Chicago-based Bankers Life. It hopes to see results soon. Conseco Insurance Group launched only four new products in 2004 and…