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SPORTS: City should be tour stop for men’s or women’s golf

September 12, 2005

That sellout crowds flocked to Carmel’s Crooked Stick Golf Club for the Solheim Cup should come as no surprise. This is an area with a big appetite for golf, whether playing or watching it. Yet it’s also a reminder that for all we have accomplished in spectator sports, professional golf remains the hole in our doughnut. Yes, we have had our on-and-off forays into the arena. A PGA Tour stop, the 500 Festival Open, took place on the old Speedway…

State unrolls insurer-friendly plan: New strategy aims to recruit, nurture insurance businesses; watchdogs wary of approach

September 5, 2005

The state of Indiana is aggressively courting the insurance industry to add high-paying jobs to the economy, a strategy that comes with a touch of controversy. The Indiana Economic Development Corp. announced late last month the appointment of Mike Chrysler as Indiana’s first-ever director of insurance initiatives. Chrysler then hit the ground driving. He’s already visited the Fort Wayne market and plans to reach several other corners of Indiana to let insurers know the state appreciates their business and wants…

Contractors work to resurrect historic church: Buggs Temple being rebuilt from inside out into entertainment venue

September 5, 2005

When a team of developers took on the renovation of downtown’s Buggs Temple in fall 2003, most windows in the historic church were missing, the roof was riddled with holes, and much of the sanctuary floor was in the basement. Almost two years later, it’s difficult to gauge the progress of the project by sight. The floor is entirely gone, as are the balcony, the doors and the few windows that remained. In that time, however, the building on West…

Indiana Avenue looks for more than history: Cultural district faces redevelopment challenges

September 5, 2005

Broad Ripple has clubs and shops. Massachusetts Avenue has galleries and theaters. Indiana Avenue has history. But history alone doesn’t necessarily draw visitors and their dollars, something the organizers of the Indiana Avenue Cultural District know well. With the third annual Indiana Avenue Renaissance Festival, scheduled Sept. 9-11 at the Madame Walker Theatre Center, the cultural district hopes to capitalize on that history. Although the jazz and blues festival lasts only a weekend, it’s a step toward creating a neighborhood…

City’s mall gamble paid off: After 10 years, Circle Centre at core of rejuvenated downtown

September 5, 2005

In February, Goldsmith suspended construction while he and advisers analyzed options. Within months, he gave Circle Centre the green light, and construction resumed-but not because he was convinced the project would succeed. “In the end, we decided job creation in the urban core and the psychological survival of the city were dependent on some development occurring downtown,” recalled Goldsmith, now a professor at Harvard University. “We went forward with the mall with great anxiety.” Today, 10 years after the September…

VOICES FROM THE INDUSTRY: The world might be flat, but construction costs aren’t

September 5, 2005

For the most part, construction has been a local story, a story about local workers building buildings in our community. But the story isn’t so local anymore. Global economic forces have begun to intersect with local issues at the construction site. The result: a significant and ongoing increase in construction costs across central Indiana and the rest of the United States-an increase that shows no signs of slowing. Through the first quarter of 2004, construction costs increased at a calm…

IPS building consensus before building: So far, seeking input from neighbors has avoided major legal fights during $832 million construction program

September 5, 2005

A plan to renovate School 57 in the eastside Irvington neighborhood might require the demolition of three nearby homes whose owners welcome the idea. That is in stark contrast to the Meridian-Kessler residents who vehemently opposed a proposal earlier this year that could have taken three houses to accommodate the expansion of School 84. But in both instances, Indianapolis Public Schools is likely to avoid invoking eminent domain powers to forcefully acquire the properties. In doing so, the school corporation…

Insurers thinking younger: Healthy, uninsured and 20? WellPoint, Golden Rule, others would like to sell you a policy

August 29, 2005

WellPoint Inc. and other insurers think they’ve found a hot new market-offering high-deductible individual health insurance policies to uninsured people who are young and healthy. It’s a market insurers historically may have overlooked, based on the misconception that uninsured people are poor and in bad health, said Dana McMurtry, vice president of health policy and analysis at WellPoint. Nationally, more than half the 45 million uninsured earn more than $25,000 a year and more than one-quarter top $50,000 annually, according…

BULLS & BEARS: Acquisitions fun to make but might not add value

August 29, 2005

We’ve recently explored some of the alternatives companies have to deploy “free cash flow” to enhance value for shareholders. We defined free cash flow as what a company has left after making the expenditures needed to maintain its standing in its industry. A company typically has multiple options, including making incremental investments in plant and equipment to spur internal growth, paying or increasing dividends, and repurchasing the company’s stock on the open market. Perhaps the most exhilarating use of excess…

Lilly battles five-year flu: Analysts: Drugmaker primed for rebound from Prozac defeat

August 29, 2005

It’s been a challenging five years for Eli Lilly and Co., which has launched nine new drugs yet seen the price of its stock fall by half, wiping out more than $60 billion in market value. However, company officials say the drugmaker has rallied from the jarring setback it received Aug. 9, 2000-when a federal appeals court invalidated Prozac’s patent protection-and are optimistic better times lie ahead. They say the company is positioned to increase profit and revenue, thanks to…

Cleaner diesel fuels growth at southeast-side factory: Former International Harvester plant is a star for Chicago-based parent Navistar International Corp.

August 29, 2005

Workers at the once-beleaguered International Truck and Engine Corp. plant on the city’s southeast side are thinking expansion following a $300 million plant upgrade and word of an aggressive 2006 marketing campaign designed to clean up the public image of diesel engines. Improvements to the 1.1-million-squarefoot Brookville Road facility were necessary to meet U.S. Environmental Protection Agency mandates for diesel engines set to take effect in 2007, but the plant’s future seems secure well beyond that. The local subsidiary of…

SPORTS: Life lessons revealed on a nine-hole golf course

August 29, 2005

I received the best golf lesson of my life recently, and it didn’t cost a dime. My instructor didn’t work on my grip, my stance or my posture at address. He didn’t tell me to keep my head down, my left arm straight or to turn my hips toward the target. We didn’t talk about fluffy, plugged or tight lies. We didn’t talk about reading putts or reading divots. We didn’t work on driving, long irons, short irons, wedge play…

IU makes pigskin promotional push: New coach, aggressive advertising are part of multi-prong strategy to escape financial hole

August 29, 2005

The Indiana University Athletic Department is intent on reaping financial rewards from its football program for the first time in more than a decade with a marketing campaign built around its affable new coach, Terry Hoeppner. IU officials said they will spend nearly as much on marketing the school’s football program this year as on Hoeppner’s $250,000 base salary. Bolstering football attendance is a critical step toward stopping financial hemorrhaging in the school’s Athletic Department, IU officials said. In 2004,…

Incubator under new ownership: Aim is to return center to its entrepreneurial mission

August 29, 2005

Any small-business incubator can offer tenants Internet service, fax machines and conference rooms. But what about the convenience of on-site oil changes or the stress relief of a pinball machine? For Scott Meyers, new owner of the revamped Indianapolis Enterprise Center, the extra incentives are just a small part of his overall plan to make the neareast-side facility more attractive to fledgling entrepreneurs. Meyers, 36, bought the former A&P grocery warehouse in May. He declined to disclose the purchase price…

More business owners embracing economy: High fuel costs, personal debt dampen some optimism

August 22, 2005

Business owners are beginning to show signs of completely emerging from a recessional slumber, although some holdouts remain unconvinced an economic recovery is in full swing. The confidence exuded by the state’s massive manufacturing sector could be sending the most optimistic signal. From 2000 to 2003, manufacturers in Indiana were stung especially hard by the soft economy, shedding 75,000 jobs. While many of those positions may never return, employment levels have at least stabilized. That seems to have provided enough…

Hotel on tap for half of Riverpointe complex: Bloomington owner, Doras to team up on conversion

August 22, 2005

A joint venture between a local hotel operator and the owner of three downtown apartment buildings is bringing an extended-stay hotel to the west side of White River near IUPUI. Bloomington-based Pinnacle Asset Management and Indianapolis-based Dora Brothers Hospitality Corp. purchased Riverpointe Apartments in June. The partnership plans to convert the north tower of the two-building complex into a 143-room Candlewood Suites, said Dora President Timothy Dora. The south tower will remain apartments, but will be extensively renovated, said Pinnacle…

VIEWPOINT: Asian trade mission: different kind of trip

August 22, 2005

Sweat and fatigue. These two conditions dominate my memories of the recent trade mission to Taiwan and Japan. The week-long mission led by Gov. Mitch Daniels was the largest ever of Indiana business leaders and state officials to these countries. Many of the more-than-70-member delegation had independent agendas. Those of us who accompanied the governor never had an opportunity to adjust to the Asian clock, which was 14 hours later than Hoosier time (whatever that means). Most days were packed…

SPORTS: NCAA not shy about taking on hot-button issues

August 22, 2005

The Indianapolisbased NCAA can be-and usually is-accused of a lot of things. Sticking its big, bureaucratic head in the sand is not one of them, at least not any longer. Say what you will about the organization under the leadership of Myles Brand since he came on board as president 2-1/2 years ago, but he has seen to it that wishy-washy is a term best left at the Laundromat. Academic reform and accountability, student-athlete welfare, a streamlined legislative process, rules…

NOTIONS: An empty nest fills with memories

August 22, 2005

Last Sunday morning, I awoke before dawn. Dreading what was to come, I lingered in bed, watching the gray light of a cloudy morning illuminate the houses across the way. Around 7:30, I worked up the energy to get out of bed. I took a shower, popped my morning meds, and headed downstairs. As is their teen-age wont, both my boys were still asleep. So I retrieved The Star and The New York Times from the driveway and glanced through…

Stoeppelwerth & Associates: ‘Staking’ their claim on growth Local engineering firm finds abundant opportunities

August 22, 2005

While most 8-year-old boys were playing with toy trucks, Dave Stoeppelwerth was riding in big ones helping land surveyors at his father’s civil engineering firm. Stoeppelwerth, now 51 and CEO of Stoeppelwerth & Associates, grew up learning the business. In fact, Stoeppelwerth had done enough surveying during grade school and high school that at age 16 he became a crew chief working under his father, Dick, who started the north-side company in 1962. He joined the company full time after…

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Articles

SPORTS: City should be tour stop for men’s or women’s golf

State unrolls insurer-friendly plan: New strategy aims to recruit, nurture insurance businesses; watchdogs wary of approach

Contractors work to resurrect historic church: Buggs Temple being rebuilt from inside out into entertainment venue

Indiana Avenue looks for more than history: Cultural district faces redevelopment challenges

City’s mall gamble paid off: After 10 years, Circle Centre at core of rejuvenated downtown

VOICES FROM THE INDUSTRY: The world might be flat, but construction costs aren’t

IPS building consensus before building: So far, seeking input from neighbors has avoided major legal fights during $832 million construction program

Insurers thinking younger: Healthy, uninsured and 20? WellPoint, Golden Rule, others would like to sell you a policy

BULLS & BEARS: Acquisitions fun to make but might not add value

Lilly battles five-year flu: Analysts: Drugmaker primed for rebound from Prozac defeat

Cleaner diesel fuels growth at southeast-side factory: Former International Harvester plant is a star for Chicago-based parent Navistar International Corp.

SPORTS: Life lessons revealed on a nine-hole golf course

IU makes pigskin promotional push: New coach, aggressive advertising are part of multi-prong strategy to escape financial hole

Incubator under new ownership: Aim is to return center to its entrepreneurial mission

More business owners embracing economy: High fuel costs, personal debt dampen some optimism

Hotel on tap for half of Riverpointe complex: Bloomington owner, Doras to team up on conversion

VIEWPOINT: Asian trade mission: different kind of trip

SPORTS: NCAA not shy about taking on hot-button issues

NOTIONS: An empty nest fills with memories

Stoeppelwerth & Associates: ‘Staking’ their claim on growth Local engineering firm finds abundant opportunities