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Articles

Sports tenants ponder vacating Pan Am Plaza: Four national governing bodies could share office

January 21, 2008

The Pan Am Plaza building, constructed to provide office space for amateur sports organizations, may soon be losing three of its highest-profile tenants. USA Gymnastics, USA Diving and U.S. Synchronized Swimming are contemplating moving out of the building at 201 S. Capitol Ave., sources close to the organizations said. A fourth group, USA Track & Field, which is preparing to move from the RCA Dome, is considering joining the other three sports-governing bodies in shared office space-preferably downtown. USATF will…

Permanent Opie piece coming to downtown

January 18, 2008

Good news for fans of Julian Opie’s pop-art-inspired exhibit that ended a year-long run on city streets in September-Indianapolis is getting a permanent piece by the London artist to add to its growing public art collection. The work created for Indianapolis is called “Ann Dancing.” It’s reminiscent of the four-sided LCD display dubbed “Sara Dancing” […]

Long Thompson backs I-69 extension

January 16, 2008

Governor hopeful Jill Long Thompson told a group in Bloomington yesterday that she supports the Interstate 69 extension from Indianapolis to Evansville. The former congresswoman is running to become the Democratic nominee to face Indiana Gov. Mitch Daniels in the general election this fall. She said the extension is needed to link Evansville to Indianapolis, […]

Colts land Meijer as stadium sponsor

January 14, 2008

A day after losing to San Diego in the National Football League playoffs, the Indianapolis Colts scored a victory off the field. The Colts announced another sponsorship deal for Lucas Oil Stadium – this time with retail chain Meijer. Grand Rapids, Mich.-based Meijer has signed as a founding partner for the new stadium, set to […]

Fellowship’s formula could grow teachers: Indiana piloting program aimed at boosting math, science educators

January 14, 2008

Four Indiana universities have been chosen to participate in a prestigious new national fellowship program aimed at increasing the number of math and science teachers while serving as the pilot program for overhauling education nationwide. The Woodrow Wilson National Fellowship Foundation, of Princeton, N.J., selected Indiana as the first state for its program. It chose IUPUI, Ball State University, University of Indianapolis and Purdue University to launch the one-year fellowships and churn out the first wave of new teachers. The…

NY Times job helps ACS Sign gain attention

January 14, 2008

ACS Sign System’s unusual approach to sign-making–some are not strictly signs at all–has helped the company grow its revenue
and expand its footprint beyond Indiana. In recent years, sales outside its home state have grown from 20 percent of total
revenue to almost half.

INVESTING: Bond insurers pummeled for straying into risky area

January 14, 2008

As Wall Street continues to record multibillion-dollar losses for its debt-market indiscretions, another industry that for years earned steady returns from the credit markets is sitting on the doorstep of implosion. For decades, bond insurers operated the relatively mundane business of insuring, and thereby guaranteeing, the timely payment of principal and interest on municipal bonds issued by various government and other entities. In recent years, the bond insurers strayed from their core business model and underwrote insurance on the new…

Hamlisch and show music matters

January 11, 2008

Appreciative applause met Marvin Hamlisch when, just a few hours ago, he announced from the podium at the Hilbert Circle Theatre that he’d be conducting a medley of songs from “My Fair Lady” as part of his pops program with…

Rash of deals saves Gazelle venture-capital fund

January 7, 2008

Back in 1999, investors in Gazelle TechVentures expected a sprint to spectacular profits. Instead, they got a marathon slog.
According to Gazelle Chairman and largest investor Scott Jones, it was like training for a race on a sunny day, then running
it through a blizzard.

Colts’ suite holders devise ways to maximize boxes’ value

January 7, 2008

In a meeting that had more X’s and O’s than Indianapolis Colts Coach Tony Dungy’s game-day war room, FedEx District Sales
Manager Doug Knowles and his lieutenants decided which clients and prospective clients would be invited to the FedEx suite
which game, which FedEx employees would accompany them, and what ancillary activities would be planned.

Commentary: Good luck to Mayor Ballard

January 7, 2008

Mayor Greg Ballard has less than a week under his belt of taking on a city that is both on a roll and full of challenges. It’s an exciting time to be mayor. An unknown commodity, Ballard has some big shoes to fill with little experience in government to help him out. (Note to self: That’s not necessarily a bad thing.) Indianapolis has been blessed with strong leadership for the last 40 years, beginning in 1968 with Republican Richard Lugar,…

SPORTS: Time for IU fans to memorialize Hep, then move on

January 7, 2008

The spirit of the dearly departed Terry Hoeppner, if not his presence, was palpable during the New Year’s Eve Insight Bowl at Tempe, Ariz. Those footballshaped “Hep” buttons were ubiquitous. The phrases “Play 13” and “Don’t Quit” could be heard repeatedly. At a pre-game pep rally in a Tempe park, thousands of IU faithful gathered so the Indiana football team could honor Hep’s tradition of The Walk. IU’s new president, Michael McRobbie, led the players and coaches through the back-slapping,…

Convention Center President Bob Bedell to retire

January 7, 2008

Bob Bedell worked behind the scenes for months–if not years–to make the case for expanding the Indiana Convention Center
and building a 1,000-room hotel nearby. But someone else will have to fill both venues with visitors. The 60-year-old Indianapolis
Convention & Visitors Association president has said he’ll retire at the end of June.

New steam plant could propel Speedway revival

December 31, 2007

A unit of Citizens Gas proposes building a natural-gas-fueled steam plant in Speedway to serve large employers in the town
of 12,800.

For city politics, back to the future: GOP returns without guarantees

December 31, 2007

The Republican party dominated city government here in the 1970s, ’80s and ’90s, and for much of that time it was assumed that the party’s lock on city hall was tamper-proof. Voters proved that theory wrong in 1999. Whether it was changing demographics or the fatigue that sets in when one party rules for too long, the public turned the mayor’s office over to Democrat Bart Peterson. Four years later, Peterson easily won re-election and the Democrats won the City-County…

SPORTS: An open letter to Greg, er Hizzoner, Mayor Ballard:

December 31, 2007

Well, the day is here when you finally get the keys to the offices on the 25th floor of the City-County Building. Congratulations. I knew you had the election in the bag all the way. Yeah, right. Anyway, I’ve noticed you have formed a number of transition teams to bring you up to speed on the various forms and functions of citycounty government. Folks way smarter than I have provided reams of information that will provide you a road map…

SPORTS: This is all I want for Christmas-seriously, folks

December 24, 2007

All I want for Christmas is my two front teeth … if, perhaps, I were a member of the Indiana Ice. Who are playing pretty well, by the way. But there are other things in the realm of sports I would include on my list. All I want for Christmas is for those cheatin’ dog New England Patriots to have their comeuppance. Preferably from the Indianapolis Colts. In Gillette Stadium. In a driving snowstorm. In the AFC Championship. All I…

Union push under way at 2 Indianapolis hotels: They would be first to unionize in central Indiana

December 24, 2007

Employees at two Indianapolis hotels have begun a push to unionize-a move that, if successful, would make the properties the only union hotels in central Indiana. Several workers at the downtown Westin and the Keystone Sheraton have met with representatives of New York-based Unite Here, a labor group that represents about 440,000 hospitality and textile employees nationwide. Both hotels are part of Bethesda, Md.-based Host Hotels & Resorts Inc.’s global portfolio. Backers said a union is needed to raise wages…

Buyout firm lands $202M infusion

December 24, 2007

Locally based Hammond Kennedy Whitney & Co. closed on $202 million in new capital this month, doubling its size. Its resources
have increased, but HKW’s investment philosophy is unchanged. It continues to buy small and midsize specialty manufacturing
companies, infuse them with cash and management expertise, then patiently wait for them to grow.

Cumulus is keeping format change a secret: Emmis and Radio One continue transitions

December 24, 2007

Several central Indiana radio stations will ring in 2008 with new formats and on-air talent, and new marketing campaigns bellowing the changes to listeners and advertisers. One station is keeping its plans secret, fearful of an industry domino effect if its strategy leaks out. There’s plenty at stake. Listener ratings for the first quarter of 2008 will be watched closely, local media buyers said, and could affect spending later in the year. A t l a n t a -…

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