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Studies: Bans don’t burn biz: Restrictions in other cities didn’t reduce overall sales, but some taverns were hurt

February 21, 2005

“My business was down 15 percent at first,” recalled Gina Scott, co-owner of the Lexington pub. Lately, she added, “It’s still down a bit. I don’t know with the ban it will ever go up to where it was.” This ban-in the heart of tobacco country-may offer a glimpse of what’s to come for Indianapolis bars and restaurants if proponents of a smoking ban prevail in the City-County Council. The proposed Indianapolis ordinance is one of the most stringent in…

Eminent domain facing legal challenges: Supreme Court, Indiana legislature consider changes to economic development tool some say is unfairly used

February 21, 2005

The tool of eminent domain, increasingly used for redevelopment projects in Indiana cities and towns, could change significantly depending on the outcome of a U.S. Supreme Court case and a bill before the Indiana General Assembly. In Indianapolis, city officials are closely watching the cases and legislation. In recent years, construction of WellPoint Inc.’s operations center, redevelopment of the Link-Savoy and Blacherne apartment buildings, and Fall Creek Place have all involved eminent domain. Officials have also indicated they may use…

NOTIONS: Blowing away the ‘I have my rights’ smokescreen

February 21, 2005

I’m looking out the window of the hospital room where my wife, Pam, is staying. It’s a beautiful day. Soft white clouds dot the brilliant sky. In the courtyard below, between the hospital and the cancer center, a young woman sits on a bench. She’s pretty, in her sleek leather jacket and tight jeans. Her auburn hair glistens in the sun and brushes her shoulders in the breeze. In one hand, she holds a Palm Pilot. I imagine she’s reading…

CHRIS KATTERJOHN Commentary: Does good biz mean good guv?

February 21, 2005

CHRIS KATTERJOHN Commentary Does good biz mean good guv? It’s already crystal clear that Gov. Mitch Daniels intends to live up to his promise to shake things up in Indiana government. It’s even clearer that he believes the people who will help him succeed in doing so are people who have been successful in business. I’m guessing a large number of IBJ readers are eating this up. For as long as I can remember, businesspeople have complained about government bureaucracy…

STATEHOUSE DISPATCH: Tax talk begins to make Republican lawmakers hinky

February 14, 2005

Perhaps the most surprising aspect of this session’s first five weeks has been all the talk about imposing or raising taxes. A surfeit of Republicans ran for assorted offices last year complaining about the condition of the state budget, but pledged to bring it back into balance by attacking fraud and waste, and simply cutting more programs. Many Democrats who ran against them acknowledged budget “issues,” but suggested they could be managed and the budget would not be balanced on…

Celluloid tax credits?: Incentives for movie makers getting bipartisan support

February 14, 2005

House Bill 1639 would put in place a hefty set of tax incentives for companies making movies, television shows, music videos, commercials and corporate videos on Hoosier soil. Though the bill has bipartisan support in the House, a similar measure was spiked last year because of concerns over lost tax revenue. Even the bill’s author thinks there could be a fight over the measure in the Senate. Those who think the idea of drawing movie producers to Indiana is far-fetched…

City convention planners working on transition strategy: Keeping event clients content during expected stadium construction, expansion of center crucial to success Smooth transition critical Contingency plans

February 14, 2005

The city’s hospitality industry might want to adopt the weathered “no pain, no gain” expression as its mantra until the proposed expansion of the Indiana Convention Center is completed, presumably in 2010. Construction of the 275,000-square-foot addition to the center should begin in 2008, pending legislative approval of a $500 million stadium financing deal for the Colts. The Convention Center expansion is expected to cost $250 million, and its financing and location hinge on the stadium deal. Work on the…

Head of IT firm ensures company primed for growth: She started business to offer customized training but altered her strategy as circumstances changed Strategic decisions “She almost vibrates” Female support

February 14, 2005

Kathy Carrier’s dad was angry when she left a lucrative job at a Fortune 500 company to start her own firm. But four years later, when she won an Ernst & Young Entrepreneur of the Year Award, he told his daughter: “Clearly your vision for yourself was greater than the one I had for you.” In less than seven years, Carrier, 46, has built her Fort Wayne-based information technology writing and training firm, Briljent LLC, into a business with annual…

Special Report: MURKY MISSION: Vague directive dilutes 21st Century Fund’s high-tech impact

February 7, 2005

When directors of Indiana’s 21st Century Research and Technology Fund convened in May 2003, they’d already doled out $70 million in state grants over three years to fund h i g h – t e c h innovation a n d w e r e preparing to u n l e a s h another $60 million. But you wouldn’t know it after reading minutes from that meeting. They show a rollicking debate broke out over the 21st Century’s Fund’s…

CHRIS KATTERJOHN Commentary: Legislature has big responsibility

February 7, 2005

CHRIS KATTERJOHN Commentary Legislature has big responsibility We stand on the threshold of greatness. Wait; let me say that again. “We stand on the threshold of greatness.” Now, say it to yourself, making sure to insert a pregnant pause after the word “stand” and imagining you hear it in the booming radio voice of FDR. It’s one of those platitudes that could’ve been contrived by a speechwriter for any number of inaugural addresses, including those of Franklin D. Roosevelt, John…

IDEM levies fewer fines: Air pollution violators account for half of state’s penalties

February 7, 2005

Four of the 10 largest environmental penalties levied against Indiana companies in 2004 involved air pollution violations, an area of regulation likely to come under renewed focus after the first-ever “fine particulate” health warning was issued last week for Marion and five other counties. The Indiana Department of Environmental Management, which sounded the alarm, assessed $1.2 million in air pollution penalties last year-almost half of the $2.4 million in 1999, according to state records. The decrease in air penalty amounts…

EYE ON THE PIE: Income tax surcharge to hit only 1 in 20

January 31, 2005

Gov. Mitch Daniels in his Jan. 18 State of the State address called for many changes. He sought to put aside partisan differences and private calls for privilege. Immediately he was abandoned by many in his own party. The idea that drew the most attention was the governor’s request for a one-year, 1-percent surcharge in taxes on those with income above $100,000. There might be some confusion about what the governor meant. Are we going to tax that part of…

New plan, player for tower: Facing deadline, developer hopes design shift lures buyers

January 24, 2005

Developers struggling to meet the pre-sale threshold for high-rise condos on the Market Square Arena site have tapped a Chicago firm to formulate a more marketable mix for the first phase. Mesa Development LLC is working with the team on a fee basis, said Terry Parrott, manager of Market Square Partners, which was chosen nearly a year ago to build twin 29-story, 225-unit condominium towers and 175,000 square feet of retail space on the four-acre site formerly occupied by Market…

Stadium’s pathway not clear: CIB must make land deals with Comfort Inn, Hurst Co.

January 17, 2005

It’s up to legislators to approve whether and how the city’s proposed $900 million Indiana Convention Center expansion and stadium complex would be funded, but a handful of property owners that have title to land in the planned stadium’s path will also play a role in determining the project’s fate. The Marion County Capital Improvement Board is working with owners of the few pieces of property it still needs for the construction project and associated parking lots. CIB owns about…

NOTIONS: New Year’s resolution: It’s time for status quo to go

January 17, 2005

In the Jan. 3 issue of The New Yorker, writer Malcolm Gladwell reviews Pulitzer Prize-winner Jared Diamond’s new book, “Collapse: How Societies Choose to Fail or Succeed.” Diamond’s premise, says Gladwell, “stands in sharp contrast to the conventional explanations for a society’s collapse.” While conventional wisdom has it that “civilizations are destroyed by forces outside their control, by acts of God,” Gladwell writes, “the lesson of ‘Collapse’ is that societies, as often as not, aren’t murdered. They commit suicide: they…

STATEHOUSE DISPATCH: Stadium parley scrambles 2005 legislative agenda

January 10, 2005

At least until mid-December, we thought we had a tentative handle on the General Assembly’s focus for the 2005 session. We knew the new governor and the new Republican House majority would team up on economic development initiatives, improving governmental efficiency and restructuring state agencies. The biggest task would be crafting a realistic state budget in the face of adversity and uncertainty. The regular “stuff of government” would also be squeezed in and some thorny telecommunications issues would be raised,…

Herron site might be used for new school: Charter campus proposed for soon-to-be vacated spot

January 10, 2005

Joanna Taft isn’t content helping to develop emerging artists. She also wants to help develop art patrons-and the historic neighborhood around what will soon be the former home of IUPUI’s Herron School of Art at Pennsylvania and 16th streets. So Taft, executive director at the nearby Harrison Center for the Arts, is working on plans for a charter high school to occupy a portion of the space IUPUI will vacate when it moves the art school to the campus proper…

Lilly maintains focus on its pharmaceuticals: Drugmaker has no plans to replicate J&J’s diversity

January 10, 2005

Johnson & Johnson loves to profit from a balanced product line, and it has competitor Eli Lilly and Co. to thank-in a roundabout way-for its latest bit of leverage. New Jersey-based J&J plans to expand its medical device business by buying Guidant Corp., which Lilly created and then spun off in the early 1990s. J&J leaders think the proposed, $25.4 billion deal will create better balance among a line of businesses that has been led by pharmaceuticals, which made up…

CHRIS KATTERJOHN Commentary: Avoid Florida-like snags on stadium

January 10, 2005

NAPLES, Fla.-As I entered the state of Florida yesterday, I remembered that just about a year ago I was at a meeting in South Miami where Florida Gov. Jeb Bush was holding court on economic development efforts. His pride and joy was a deal to bring the Scripps Research Institute to Palm Beach County on the state’s east coast. I wrote a column about it in our Feb. 9, 2004, issue. Bush and his team had lured the highly regarded…

Wal-Mart nears deal on city’s northwest side: Neighbors hope retail behemoth will revive corridor

January 3, 2005

Wal-Mart Stores Inc. is said to be getting closer to selecting a site in the Lafayette Square area for a SuperCenter, a move retail experts say would be a boost for the struggling commercial corridor. The world’s largest retailer has scouted the area around 38th Street and Lafayette Road for at least a year, but a decision on a site could happen in the next few months, according to several real estate sources. Unlike the situation surrounding a proposed SuperCenter…

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Articles

Studies: Bans don’t burn biz: Restrictions in other cities didn’t reduce overall sales, but some taverns were hurt

Eminent domain facing legal challenges: Supreme Court, Indiana legislature consider changes to economic development tool some say is unfairly used

NOTIONS: Blowing away the ‘I have my rights’ smokescreen

CHRIS KATTERJOHN Commentary: Does good biz mean good guv?

STATEHOUSE DISPATCH: Tax talk begins to make Republican lawmakers hinky

Celluloid tax credits?: Incentives for movie makers getting bipartisan support

City convention planners working on transition strategy: Keeping event clients content during expected stadium construction, expansion of center crucial to success Smooth transition critical Contingency plans

Head of IT firm ensures company primed for growth: She started business to offer customized training but altered her strategy as circumstances changed Strategic decisions “She almost vibrates” Female support

Special Report: MURKY MISSION: Vague directive dilutes 21st Century Fund’s high-tech impact

CHRIS KATTERJOHN Commentary: Legislature has big responsibility

IDEM levies fewer fines: Air pollution violators account for half of state’s penalties

EYE ON THE PIE: Income tax surcharge to hit only 1 in 20

New plan, player for tower: Facing deadline, developer hopes design shift lures buyers

Stadium’s pathway not clear: CIB must make land deals with Comfort Inn, Hurst Co.

NOTIONS: New Year’s resolution: It’s time for status quo to go

STATEHOUSE DISPATCH: Stadium parley scrambles 2005 legislative agenda

Herron site might be used for new school: Charter campus proposed for soon-to-be vacated spot

Lilly maintains focus on its pharmaceuticals: Drugmaker has no plans to replicate J&J’s diversity

CHRIS KATTERJOHN Commentary: Avoid Florida-like snags on stadium

Wal-Mart nears deal on city’s northwest side: Neighbors hope retail behemoth will revive corridor