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Articles

Transit junkie boards IndyGo: New VP of operations hails from Columbus, Ohio’s bigger bus line

May 14, 2007

Milwaukee native Trevor Ocock figures his interest in transit dates to age 3. At least that’s what his mother tells him. But the transit bug overtook him at Franklin University in Columbus, Ohio, as he was earning a degree in business administration and human resources management. Soon, he was washing buses for Ohio State University’s transit line. Later, he drove an OSU bus-met lots of ladies that way-and eventually became its operations manager. “I have always liked to be around…

Lack of money could torpedo Ohio River bridge project

May 11, 2007

Indiana can pay its share of replacing the aging truss bridge linking Madison and Milton, Ky., but Kentucky can’t afford its portion of the long-planned project. Funding prospects are so bleak that Kentucky not only can’t go ahead with the $500 million bridge, but is putting off three other Ohio River bridges, according to Indiana […]

STATEHOUSE DISPATCH: Gambling quenched lawmakers’ appetite for new revenue

May 7, 2007

The 2007 session of the Indiana General Assembly is now history. Whatever else might have been involved in shaping its outcome, nothing was so determinative as the revelation in the closing days that property taxes-driven by the first application of trending, rising property values in general, the elimination of the inventory tax, and some old-fashioned political legerdemain on the part of some assessors in different regions of the state-were expected to rise an average of 24 percent for taxes payable…

Museum seeks leader to stem attendance slide

May 7, 2007

The new Indiana State Museum building–a 230,000-square-foot study in glass, steel and limestone–opened in 2002 to blockbuster
attendance, with nearly 260,000 of its 614,000 total visitors checking out the exhibits. Fast forward to its five-year anniversary
and the news isn’t so rosy.

Informatics job ‘special’ to dean: New leader of prominent IU school says no other offer could have lured him away from Colorado

May 7, 2007

Even before Bobby Schnabel became a candidate to take charge at the Indiana University School of Informatics, he knew enough about the program to know he wanted to lead it. By ending his 30-year affiliation with the University of Colorado at Boulder, Schnabel, 56, officially exchanges the black and gold of the Buffaloes for the cream and crimson of the Hoosiers on July 1. But of even greater significance is the fact that IU sought Schnabel to succeed J. Michael…

Design changes afoot for state Web pages: Online renovation includes search-engine upgrade that features Scott Jones’ ChaCha instead of Google

May 7, 2007

A redesigned state Web portal unveiled last month should make it easier for Hoosiers to plow through mounds of government minutia. But, more important, the revamping set to be finished in mid-2008 represents a major shift in state policy. By contracting with locally based ChaCha Search Inc.- tech entrepreneur Scott Jones’ new humanassisted Internet search engine-the state no longer relies solely on big, name-brand computer technology such as Microsoft. “We have somebody who is local and excited about taking the…

Flood of traffic latest twist in RiverPlace battle: Indianapolis planners find traffic impact study for Fishers project leaky

May 7, 2007

Environmentalists who lost a court battle to stop RiverPlace on grounds it will cause flooding upstream along the White River have been buoyed by concerns raised by Indianapolis officials that the 69-acre development could create a torrent of traffic trouble. Last month, in a letter sent to Fishers’ public works director, the Department of Metropolitan Development cited numerous shortcomings with a traffic impact study commissioned by RiverPlace developer Centre Properties. Indianapolis-based Centre has asked Fishers to rezone the property, just…

Toll road funding prompts engineering firm to expand

May 2, 2007

Bernardin, Lochmueller & Associates Inc., a civil engineering firm in Evansville, is adding 20 employees to the 22 already at its 6125 S. East St. branch office, Indy Partnership announced this morning. The jobs will pay about $30 an hour. Bernardin has 100 workers at its headquarters and 20 at a St. Louis branch. Chief […]

Growing medical technology bags major VC investment: Bloomington-based ProCure hopes to build national network of proton-therapy clinics after luring $35 million

April 30, 2007

If you’re as smart as a fifth grader, you know that a proton is a basic particle in an atom’s nucleus that has a positive electrical charge. What might be less well known is that proton therapy is becoming the preferred treatment for certain types of tumors. But here’s the real stumper: The man leading a mission to build and operate a nationwide network of proton-therapy clinics is a Bloomington researcher whose startup received a $35 million cash infusion in…

BEHIND THE NEWS: Housing slowdown roils state’s mortgage industry

April 30, 2007

Home lending might sound like a staid business. But anyone weathering the changes now sweeping through the Indiana mortgage market knows otherwise. Last year, we saw the sale of two huge Indiana-based home lenders-Fort Wayne-based Waterfield Mortgage and Fishers-based Irwin Mortgage. Also sold was Carmel-based Oak Street Mortgage, which not long ago had been a high-flier poised to go public. These weren’t cases of owners cashing out at the top of the market. Quite the contrary. Irwin Mortgage had become…

Charity sees hope in Third World ‘micro’ lending

April 30, 2007

In the village of Armenia, in western El Salvador, the Barahona Bautista family last month got a $246 loan to start a pig
farm from Ambassadors for Children. Micro loans are new to Ambassadors, which assists children in more than a dozen countries.

Embarking on a new Venture: New leader planning progressive changes at center, not a total revamping

April 30, 2007

The new leader of the Indiana Venture Center is beginning to put his stamp on the not-for-profit that mentors promising startups. James Eifert, 64, is the former president of Terre Haute-based Rose-Hulman Ventures who took charge of the center in December following the July resignation of Steve Beck. Beck left to become co-managing director of IVC Equity Partners, a new local seed-capital fund. Chief items on Eifert’s to-do list are broadening the donor base, revamping the Venture Center’s proprietary network…

Wikipedia for art?: IMA leads $1M project to bring museums to the masses

April 23, 2007

The Indianapolis Museum of Art took over administration this month of a national effort to develop an online database that could make art more accessible to the masses. The two-year project, which got rolling last fall with $1 million in funding, revolves around a Web site that allows aficionados to look at images of artwork held by 10 museums and input descriptions in their own words. Museums then could use the free software for search engines where everyday people can…

IU alum selling rare Neiman collection

April 23, 2007

Indianapolis businessman Barton Kaufman is auctioning off 26 paintings by notable New York artist LeRoy Neiman. Kaufman plans
to donate the money to Indiana University, where he earned an undergraduate degree in 1962 and law degree in 1965.

Ivy Tech: new community college with long history:

April 23, 2007

Indiana was on the verge of creating a statewide community college system 40 years ago, but Hoosier politics and university turf wars got in the way-stomping a seed that in recent years has flourished in other states as a sort of economic tree of life. Community colleges increasingly are called on to train new workers and retrain existing ones for a high-tech economy. But the thinking back in the 1960s, said then-freshman legislator John Mutz, was that a community college…

STATEHOUSE DISPATCH: Key issues all entangled as Legislature heads to wire

April 23, 2007

Longtime readers of this column will recall how we traditionally analogize conference committee time to the NBA playoffs, and compare some of the legislative players to Indiana Pacers great Reggie Miller in the closing minutes of a finals game. With Reggie retired and the Pacers out of the playoff picture this year, those analogies don’t seem quite so appropriate. But we still can talk some hoops. A sage Hoosier native, speaking about a tradition sacred to generations of Hoosiers, once…

Ivy Tech boasts healthy enrollment, but most students wither on vine

April 23, 2007

Ivy Tech Community College–charged with cranking out workers to fill high-demand jobs in critical occupations–has an output
rate reminiscent of an old, state-owned Soviet assembly line. Incoming President Thomas Snyder is taking over a community
college system that graduates only 12 percent of its students within three years.

UPDATE: IndyPartnership to retain brand, mission

April 19, 2007

IndyPartnership, the not-for-profit that markets central Indiana to prospective businesses, will keep its brand name and sales mission in a merger its board approved today with Central Indiana Corporate Partnership, another non-profit that represents CEOs of Indiana’s largest corporations. The parties also agreed to carve out a separate economic development organization for Marion County, said […]

Indianapolis loses coveted bond rating

April 17, 2007

Moody’s Investors Service today downgraded the city’s financial rating, citing "significant challenges funding its public safety, justice and other social service functions." The city’s underlying general obligation rating was bumped down to Aa1 with a stable outlook, from AAA with a negative outlook. The rating involves $289 million of outstanding debt. The New York ratings […]

Terre Haute lands entrepreneurship program

April 17, 2007

Indiana State University, Rose-Hulman Institute of Technology, the city of Terre Haute and the city’s economic development organization are formalizing their attempts to create jobs in the western Indiana city. This morning, the parties plan to roll out Terre Haute Innovation Alliance to encourage college students to start businesses and help existing businesses expand. The […]

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