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Articles

Bye-bye blight?: Developers grabbing parcels east of Circle Centre mall

October 10, 2005

Several groups are floating plans and crunching numbers for downtown hotel or condo projects east of Circle Centre mall, an area that has been largely passed over for new developments in recent years. One of the more imminent projects is a large mixed-use development for the quarter-block at Maryland and Pennsylvania streets, now occupied by surface parking lots and a 9,000-squarefoot office building. A group that includes local developer J. Greg Allen has four separate parcels at the corner under…

SPORTS: Hoop paths of Indiana and Lithuania finally cross

October 10, 2005

In the small republic by the Baltic Sea-population 3.4 million-many youngsters grow up dreaming the same kinds of hoop dreams young Hoosiers do. “Basketball in Lithuania is even crazier,” Jasikevicius, a 6-foot-4-inch guard, said recently at Conseco Fieldhouse, moments after finishing his first official practice as a Pacer. “We always call it our second religion.” During the 50 years Lithuania was part of the Soviet Union, players from the republic were the nucleus of the USSR national teams. It was…

Pacers’ new game plan: polish team persona: NBA squads must comply with tough conduct rules

October 10, 2005

Almost a year removed from the infamous brawl in Detroit, the Indiana Pacers are ready to put their best foot forward. And they’re getting a hand-or more like a foot in the backside-from NBA Commissioner David Stern. Stern on Sept. 28 handed down new league dress code and conduct rules aimed at brightening the image of players and making them more accessible to fans, community groups and media outlets. The rules-which require players to wear sport coats, collared shirts and…

Herron-Morton planning grows beyond art campus: Foundation hopes to redevelop 3 nearby buildings

October 10, 2005

Members of Herron-Morton Place Foundation Inc. are ecstatic that city planners chose their proposal to rehabilitate three vacant buildings as part of a larger redevelopment of the former Herron School of Art campus. The dilapidated structures, known as the Foundry buildings, are a block east of the campus. Under the foundation’s plan, they will be transformed into retail shops and should benefit from the foot traffic generated by the revitalization of the Herron property on 16th Street. But now comes…

Bob Wilson & Associates Inc.: Consultant helps companies predict workers’ potential Personality test provides key information to guide businesses’ personnel decisions

October 10, 2005

Personality test provides key information to guide businesses’ personnel decisions It may not be fortunetelling, but the Predictive Index gives important clues about an individual’s success or failure in certain jobs. In Indiana, Michigan and Ohio, the trademarked personality test is licensed to Bob Wilson & Associates Inc., a Carmel consulting firm that works with more than 200 companies, helping with hiring, retaining, managing and motivating employees. The firm also works with corporations on strategy and other management services. Wilson,…

Speaking of health care: Local experts weigh in on rising costs, the uninsured and whether our current system needs an overhaul Public health priorities, executive salaries and the “gold rush” of health care construction were among the topics tackled Sept

October 3, 2005

Public health priorities, executive salaries and the “gold rush” of health care construction were among the topics tackled Sept. 21 in the latest installment of Indianapolis Business Journal’s Power Breakfast Series. IBJ reporter Tom Murphy moderated the panel discussion, attended by some of the area’s foremost health care experts. Following is an edited transcript of the often-spirited discussion, which included a brief interruption by protestors seeking medical insurance coverage for janitorial staff who clean Anthem Inc. buildings. IBJ: Can you…

ABDUL-HAKIM SHABAZZ: Listen to a tale of two Indys

October 3, 2005

“It was the best of times, it was the worst of times … .” That is the opening sentence in the Charles Dickens novel, “A Tale of Two Cities.” The book is set against the backdrop of the French Revolution, a revolution where the poor and oppressed eventually rise up against the aristocracy. And while I’m not about to say 2005 Indianapolis is anything like 1789 Paris, I cannot help but wonder if, just like France of the 18th century,…

Coalition targets disparities in minority health care: Group enlists CEOs to help it develop plan of action

October 3, 2005

Black people are nearly twice as likely to have diabetes than white people, less likely to engage in leisure activity and, on average, die five years earlier. Those statistics from the Centers for Disease Control provide motivation for a local consortium that wants to improve health care for minorities. Known as the CEO Health Disparities Roundtable, the year-old group has moved from setting objectives to developing a plan of action. The plan is aimed at reducing health care disparities among…

Parents banking on storage of umbilical cord blood: Founder keeps research alive through Genesis Bank

October 3, 2005

Blood from the umbilical cord of a baby expected to be born in Indianapolis later this month will be collected after her birth and saved for her 5-year-old sister, who has been diagnosed with cancer. The stem cells extracted from the baby’s umbilical cord blood might someday save the life of her sibling. While doctors at Riley Hospital for Children wait and see if the young cancer patient responds to standard treatment over the next couple of years, the stem…

M-Plan might be ready to deal: State’s No. 2 health insurer talks merger with Ohio firm

October 3, 2005

M-Plan Inc., Indiana’s second-largest health insurer, has entered preliminary talks that could lead to a merger with Ohio’s oldest medical insurer. A source familiar with the discussions said they have centered on merging M-Plan’s Indianapolisbased parent, The HealthCare Group LLC, with Cleveland-based Medical Mutual of Ohio. The source, who asked not to be identified, said Medical Mutual would end up with the majority stake. M-Plan, a nearly 20-year-old insurer owned partly by the city’s Clarian and Community hospital systems, would…

Builders finding ways to go condo under $200K: There’s a ready market for entry-level housing downtown

October 3, 2005

Building bargain housing downtown isn’t easy. Ask Doug Jones, a principal in JLM Development, which is wrapping up its first downtown condominium project, a 26-unit community called Penn Square. Because they were working with multiple landowners, some out of state, it took Jones and his partners more than a year to acquire the single acre they needed for Penn Square, on the northwest corner of 22nd and Delaware streets. But once the developers cleared that hurdle, Penn Square went from…

NOTIONS: How big-ticket amenities deliver long-term ROI

October 3, 2005

Fourteen years ago this month, my new bride and I loaded our belongings onto a moving van in Bloomfield, Conn. We packed our cats, suitcases and a few heirlooms into our cars, and pulled away from our little apartment bound for a place called Indianapolis. As I followed Pam’s blue Accord through New York and New Jersey, Pennsylvania and Ohio, I listened to cassette tapes, trying to drown out the mews from the back seat. With David Sanborn and Stan…

CHRIS KATTERJOHN Commentary: Health care close to implosion?

October 3, 2005

The rash of specialty-hospital construction in the suburbs is a gold rush, driven more by greed than the desire to satisfy an unmet need. The fact that 45 million people in America are without health insurance is a deplorable national disaster. The best way to use America’s health care system is to not get sick. These aren’t the rants of a deranged publisher. These are comments made by a doctor and a pair of health care executives who were panelists…

Coming changes keep downtown a dining hub: Au Bon Pain coming to Circle, Noble Roman’s returns

September 26, 2005

Downtown is still sizzling for national restaurants looking to expand, based on recent deals. Au Bon Pain is cooking up a 2,200-square-foot Monument Circle store, taking over a recently closed Roly Poly Sandwiches shop and the Hardwickes Pipe & Tobacco that has entertained passersby for decades with its caricature statues. The Boston-based chain’s arrival in early 2006 will mark one of several dining changes near the Circle and one of the final steps in a tenant retooling of the Guaranty…

So far, VC deals scarce: BioCrossroads: Networking should spawn commitments

September 26, 2005

Almost two years ago, in October 2003, BioCrossroads debuted its $73 million Indiana Future Fund. In the time since, just three Indiana startups have received IFF-backed investments. But it’s not for BioCrossroads’ lack of trying. Both in public and behind the scenes, BioCrossroads is working diligently to put promising local life sciences prospects in front of venture capitalists. This year, BioCrossroads has already held two well-publicized Indiana Future Fund Entrepreneurial Forums: the first in April at Purdue University in West…

Succession plans overlooked by biz owners: Preparing for inevitable difficult but necessary

September 26, 2005

Go ahead. Ignore the inevitable. Refuse to imagine a future where anybody else could take over that corner office of yours with the big mahogany desk. You won’t be the only one. But you’ll regret it. “The biggest mistake people make-they don’t let go soon enough. They need to get other people involved along the way, maybe get them some equity along the way,” said Glenn Scolnik, CEO of locally based Hammond Kennedy Whitney & Co. Inc., the state’s largest…

Building boom out of hand?: Critics say hospital construction boosting health care costs

September 26, 2005

The network has launched a growth spurt that will take it into new markets, boost technology and strengthen Riley Hospital for Children all over the next few years. This construction also will pile on to the cost of health care, according to several researchers and health care experts. How that trickles down to the average patient bill, or if it does, remains to be seen. Consultant Edmund Abel has to think back more than 20 years to recall a capital…

Ambassadair likes suitor: Chicago-based Waveland Investments might have jobs for ATA execs if it lands travel club

September 19, 2005

Ambassadair Travel Club Inc. may chart a new destination with the help of a Chicago private equity firm whose holdings range from gas station chain Clark Brands to coffee-pot-maker West Bend. Waveland Investments LLC is the face behind Waveland Holdings LLC, an entity named in court records as signing a letter of intent to acquire Ambassadair from bankrupt parent ATA Holdings Corp. While Ambassadair said it remains profitable, despite ATA’s troubles, it has lost more than 20 percent of the…

NOTIONS: Four years after 9/11, freedom still resounds

September 19, 2005

Dear Mr. bin Laden: On Sept. 11, 2005, I woke up late. I’d been to dinner and a movie the night before. Then I stayed up reading. So I slept in Sunday morning. I moseyed out of bed, put on gym shorts and a T-shirt, and retrieved the newspapers from the drive. You got beat on the front page by Hurricane Katrina. We like our crises fresh. Yours has grown stale. You made the cover of The New York Times…

City Market plans raising concerns: Coming renovations worry some tenants

September 19, 2005

Renovation plans for City Market intended to boost sales at the downtown landmark have some tenants concerned about what it will cost them. In early January, the market’s management expects to begin work on $350,000 worth of lighting and flooring improvements in the historic main hall. Tenants will be permanently moved, with preparedfood stands along the perimeter of the building and retail stands in the center. And stands will sport a uniform look. Individual tenants will bear most, if not…

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