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Articles

EYE ON THE PIE: Too many governments plague state

September 8, 2008

Have you read the Ke r n a n – S h e p a r d report? Don’t feel guilty, few have. Its more formal name is, “Streamlining Local Government; We’ve got to stop governing like this.” It’s a very strong, readable statement for reforming local government. Unfortunately, it does not get to our root problem: Local governments are creatures trained for obedience by their master, the Indiana General Assembly. Although the report does not say it, there will…

MotoGP race will give Speedway whole new look

September 8, 2008

Fans walking into the Indianapolis Motor Speedway for the First MotoGP race there Sept. 14 likely won’t recognize the place. Sponsor ads will hang on the inside walls of the track. There will be a host of companies in the hospitality area–including Yamaha, Kawasaki, Ducati and Repsol–that have never set foot inside the Speedway’s grounds.  The motorcycle-specific nature of the Red Bull Indianapolis GP will permeate every facet of the event and affects all elements of the host city’s planning.

Colts give $1M to Riley Hospital

September 5, 2008

Riley Children's Foundation has received a $1 million gift from Jim Irsay and the Indianapolis Colts, the foundation announced this afternoon. The foundation supports Riley Hospital for Children. The foundation also announced that Lucas Oil Products founder Forrest Lucas, who bought naming rights to the new Colts stadium, has joined the foundation board.    

Colts sales staff feels the heat

September 5, 2008

Pressure is mounting on the Indianapolis Colts as this Sunday’s season opener against the Chicago Bears looms. Yes, there’s pressure to win on the field. But there’s even more pressure to make the…

Muncie bank pushes deeper into Indy market

September 3, 2008

First Merchants Corp. announced today that it has signed a definitive agreement to buy Plainfield-based Lincoln Bancorp. The move thrusts the growing Muncie bank further into the state’s largest market and sheds light on the travails of the banking industry. First Merchants valued the acquisition at $74 million to $77 million, depending on its stock […]

Colts, Pacers join hands

September 3, 2008

The Indiana Pacers and Indianapolis Colts have long been thought to be competitors. They compete with each other for fans, sponsors, public and private support for their respective playing venues among other things in…

Indians hit 8-year attendance high

September 2, 2008

With the books just closed on the Indianapolis Indians’ 2008 season, the team’s front office is already looking forward to next season. And why not? This team is hot. Red hot. And I’m…

First-ever driving festival could put French Lick on the map of exotic vehicles

September 1, 2008

Organizers of the inaugural World Class Driving Festival at the West Baden Springs Hotel Sept. 3-7 hope to put Indiana
on the map when it comes to exotic cars and potentially lucrative business opportunities surrounding the accompanying lifestyle.


EYE ON THE PIE

September 1, 2008

EYE ON THE PIE What projects should public finance? You name it, Rusty Knale will argue against it. We’re at the delicatessen. He buys the hot pastrami on rye. I’m going for the chopped liver on pumpernickel. “I’m wondering,” I say, “if the new Honda plant at Greensburg is going to do more for the people of Indiana than Lucas Oil Stadium in Indy.” “No,” he answers quickly. “Remember that Dean Martin song, ‘Memories are made of this’? How many…

Re-entry key in city’s plot to fight crime

September 1, 2008

Re-entry key in city’s plot to fight crime Mayor makes push, hires director to help more ex-convicts find work Makeba Averitte spent more than seven years incarcerated in Indiana, Kentucky and Oklahoma prisons paying for the robbery he committed as a young man with few prospects. Since his release in 2004, the 32-year-old has obtained a driver’s license and insurance on his automobile, not to mention a bit more wisdom. But what eludes him most-even more so now as a…

Carmel startup wades into Florida hurricane market

September 1, 2008

Carmel startup wades into Florida hurricane market Firm pioneers product to cover insurance deductibles The turbulent winds that hit the property-casualty insurance market after the destructive Gulf Coast hurricanes of 2004 and 2005 have blown over Indiana with hardly a bent weather vane. But that hasn’t stopped a new Carmel company from trying to make a buck helping Florida homeowners and businesses handle their now-staggering insurance costs. This month, Citon Group Inc. started marketing its new breed of insurance-designed to…

Goals for USA Track & Field: Raise money; don’t drop the baton

September 1, 2008

Doug Logan, new CEO of locally based USA Track & Field, knows the organization’s challenges reach beyond the disappointments
of dropped batons at last month’s Beijing Olympics. He wants to review the sport from top to bottom, and plans to announce
in the next few weeks formation of a task force that will look at everything from team training camps and the time of the
Olympic trials, to forming a series of events in the United States culminating in a series championship.

‘Instant gratification moments’ key to ChaCha’s biz strategy

September 1, 2008

Carmel-based ChaCha Search Inc. has been winning accolades and enough teen fans to rival Hannah Montana. But none of that makes it apparent how the company can make money giving free answers to random cell phone queries.

SPORTS

September 1, 2008

SPORTS These football dreams give way to football reality How about this? The Indianapolis Colts inaugurate Lucas Oil Stadium with another Super Bowlwinning season. Indiana and Purdue meet in the Old Oaken Bucket game for a Rose Bowl berth. Notre Dame authors the greatest turnaround in school history and plays in the BCS national championship game. Ball State’s Nate Davis makes a run for the Heisman Trophy. Well, a guy can dream, can’t he? Truth is, all I’m hoping for…

Developer betting on cottage homes

September 1, 2008

Buyers in Seattle, Milwaukee and even Bloomington have snapped up new cottage homes in developments that
turn the McMansion trend on its dormer-decorated head. But will Indianapolis buyers have a similar appetite
for the tiny energy-efficient homes clustered around community greens? A local developer is betting they
will.

EYE ON THE PIE: What projects should public finance?

September 1, 2008

You name it, Rusty Knale will argue against it. We’re at the delicatessen. He buys the hot pastrami on rye. I’m going for the chopped liver on pumpernickel. “I’m wondering,” I say, “if the new Honda plant at Greensburg is going to do more for the people of Indiana than Lucas Oil Stadium in Indy.” “No,” he answers quickly. “Remember that Dean Martin song, ‘Memories are made of this’? How many people will the new Colts’ stadium hold?” “I hear…

Re-entry key in city’s plot to fight crime: Mayor makes push, hires director to help more ex-convicts find work

September 1, 2008

Makeba Averitte spent more than seven years incarcerated in Indiana, Kentucky and Oklahoma prisons paying for the robbery he committed as a young man with few prospects. Since his release in 2004, the 32-year-old has obtained a driver’s license and insurance on his automobile, not to mention a bit more wisdom. But what eludes him most-even more so now as a convicted felon-is a steady, goodpaying job. Tired of temporary work, he enrolled in Second Chance at the United Northeast…

Carmel startup wades into Florida hurricane market: Firm pioneers product to cover insurance deductibles

September 1, 2008

The turbulent winds that hit the property-casualty insurance market after the destructive Gulf Coast hurricanes of 2004 and 2005 have blown over Indiana with hardly a bent weather vane. But that hasn’t stopped a new Carmel company from trying to make a buck helping Florida homeowners and businesses handle their now-staggering insurance costs. This month, Citon Group Inc. started marketing its new breed of insurance-designed to cover hurricane deductibles-to Florida insurance agents. “We’re really at the very beginning of this….

Racing toward a new biz plan: Goals for USA Track & Field: Raise money; don’t drop the baton

September 1, 2008

Doug Logan’s heart sank as he watched the baton hit the ground on the final exchange of the women’s 400-meter relay. Earlier that same night at the Beijing Olympics, the U.S. men’s 400-meter relay team had done the exact same thing. Neither team would make it past the semifinal round. Logan, who has been CEO of locally based USA Track & Field since only mid-July, could hear the e-mail box in his Indianapolis office filling up all the way from…

SPORTS: These football dreams give way to football reality

September 1, 2008

Ball State’s Nate Davis makes a run for the Heisman Trophy. Well, a guy can dream, can’t he? Truth is, all I’m hoping for at this juncture is that Peyton Manning is healthy for the season opener, Indiana (never look beyond the next play) gets past Western Kentucky, Purdue sends Joe Tiller into retirement on a winning note, Notre Dame rises above national scorn, and Davis becomes known outside the Midwest. In any case, I am definitely ready for some…

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