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Articles

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…

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 -…

New Lilly CEO called analytical, ‘incredibly warm’

December 24, 2007

John C. Lechleiter, whom Eli Lilly and Co.’s board voted to replace Sidney Taurel as CEO, is known for getting things done
and yet also for being good at analysis and relating to people under him. Taurel will step down at the end of March but remain
chairman until the end of 2008.

First Indiana shareholders OK acquisition

December 19, 2007

Cory Schouten First Indiana Corp. shareholders today approved the local bank’s sale to Milwaukee-based Marshall & Ilsley Corp., a deal First Indiana directors OK’d in July. The $529 million merger is expected to close in January. At the meeting at First Indiana Plaza, First Indiana patriarch Bob McKinney and his daughter, Marni, who chairs the […]

Emmis acquires Bulgarian radio property

December 17, 2007

Indianapolis-based Emmis Communications Corp. today announced it has acquired Inforadio, a national radio chain broadcasting in 13 Bulgarian cities.Balkan Broadcasting EAD, an Emmis subsidiary, purchased 100 percent of the stations’ parent company, Infopress & Company OOD, a Bulgarian limited liability company. The transaction is complete, and regulatory approval has been granted. Financial terms of the […]

‘Mystery man’ at helm of Premier Properties dreams big, but bills pile up

December 17, 2007

Christopher P. White is arguably the city’s most daring real estate developer. But an IBJ review of hundreds of pages of public
records shows White and his Premier Properties USA Inc. are facing major financial and legal challenges.

Century-old manufacturer cleans up on dirty water

December 17, 2007

One hundred and one years ago, Cole Stickle convinced the Langsenkamp family to help him start a company based on a
technology few understood–turning water into steam power. Five generations later, the 15-employee operation continues to
thrive.

eGix buyout sets up Bell battle

December 17, 2007

The fiercely competitive local telecommunications landscape should get even more heated, following Cincinnati Bell Inc.’s
$18 million acquisition of Carmel-based eGix Inc. eGix provides bundled voice and data services, as well as high-speed Internet
access and messaging products, to about 17,000 commercial customers.

Eye research could spawn biotech product: Cornea Research Foundation aims to reduce global shortage of corneal transplants

December 17, 2007

Peering into a high-powered microscope in cramped, shared lab space at Indiana University Medical Center, Dr. Juan Carlos Grandin is trying to see a solution to a worldwide problem: a shortage of corneas available for transplants. If he’s successful, Grandin’s work could one day lead to a new biotech product for an Indianapolis company. Officials from Indianapolis-based EndGenitor are watching the project but currently have no stake in it. At the very least, Grandin’s work provides a bit of prestige…

Malls are ‘soft targets’ for terrorism, experts say: Risks aren’t scaring away holiday shoppers

December 17, 2007

The deadly shooting spree at a Nebraska mall this month highlighted a challenge confronting Simon Property Group Inc. and other shopping center operators: how to protect their properties from violent acts, or even terrorism, while also leaving them welcoming to shoppers. Most retail real estate owners have ramped up security since the 9/11 terrorist attacks, though experts say shopping centers, like schools, remain “soft targets” for terrorism. “Shopping center owners have been very concerned about security for their patrons for…

Logistics advocacy group Conexus gears up for statewide pitch

December 17, 2007

Carol D’Amico, president and CEO of the newly formed industry advocacy group Conexus Indiana, is intent on boosting the visibility
and growth of the logistics industry. Large though it is, it’s also relatively ambiguous and sits in the shadow of the state’s
much-vaunted life sciences industry.

Critics fear tax reform will favor suburbs

December 10, 2007

As legislators prepare to overhaul the state’s property-tax system, Marion County’s future hangs in the balance. Indianapolis
residents–particularly in the city’s older, urban core–already pay far higher taxes than their suburban counterparts. And
arguably get less bang for their buck. Changes on the table could make Marion County an even tougher sell.

BEHIND THE NEWS: Cash infusion propels pioneering battery firm into future

December 10, 2007

EnerDel, an Indianapolis company pioneering a new kind of battery for hybrid vehicles, has just received a badly needed jolt of juice. EnerDel’s parent, Florida-based alternative-energy firm Ener1 Inc., late last month wrapped up $32 million in equity financing from a group of investment heavyweights, including JPMorgan Chase and Credit Suisse. The investors received warrants giving them the right to invest another $43 million within 180 days, boosting the total capital commitment to $75 million. “The investors we have gotten…

Fundex mixes tradition with high-tech in game biz

December 10, 2007

Fundex’s Oct. 10 acquisition of the Great American Puzzle Factory keeps the Indianapolis-based game and toy company firmly
planted in the tried and true, even as it experiments with the burgeoning mobile-game market.

Commentary: A foreign investment that is sure to pay off

December 10, 2007

As the year draws to a close, the business community remains focused on taxes and the health of the economy. The governor’s privatization of the Indiana Toll Road generated a windfall of $3 billion. If managed properly, that money should fund Indiana’s road and bridge repair work. However, perhaps we should consider investing some of the interest to radically change our stature in the global economy. Canada possesses coastlines along the Atlantic, Pacific and Arctic oceans; has abundant natural resources,…

Commentary: New library ready for Digital Age

December 10, 2007

Dec. 9 was slated to be the Big Day for Indianapolis’ new Central Library. After five years and more than $150 million, the project-which seemed preposterous from the start-has finally come to fruition and sits ready for a grand opening. From the beginning, I wondered how you even move an entire library. What’s more, how do you set it up in a new location, then tear it down and move it back? Imagine moving hundreds of thousands of books, magazines…

Six teams in running for public art award: Commission will choose two winners in January

December 10, 2007

Six finalists have pitched their visions for public art projects as part of the Arts Council of Indianapolis’ second “Great Ideas” competition, aiming to inspire and educate area residents-and encourage them to slow down and contemplate life. The contest kicked off in 2005, when two artists each got $40,000 in funding from the Indianapolis Cultural Development Commission. This year, a seven-person panel will weigh the proposals and select two winners, each of whom gets a $3,000 stipend and $15,000 to…

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