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    Kyle Abram

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Articles

SPORTS: NBA’s delayed-entry rule, Michelin’s move and more

July 4, 2005

So much news, so little space. Item: The NBA and its players’ association enter into a new collective bargaining agreement that will increase the age for draft eligibility to 19, or to one year after an athlete’s high school class has graduated. Reaction: Perhaps the NBA and its players’ association believed they were tossing those involved in college basketball a bone by raising the age limit. If so, it is a bone that likely will stick in the throats of…

Universities reach out to improve diversity: Purdue, IU use local offices to lure minority suppliers

July 4, 2005

Purdue University’s most recent step includes opening an office in Indianapolis that will serve as a contact point for minority-owned companies that are interested in doing business with the school. Purdue also is becoming one of the major sponsors of the annual Indiana Black Expo. These two projects are being headed by Jesse Moore, who became Purdue’s manager for supplier diversity development in February. Moore previously led the Indianapolis Black Chamber of Commerce for nine years. Officials say it’s important…

CIWBC director has worked in both the corporate and small-business worlds:

July 11, 2005

If Sharon O’Donoghue isn’t the most ideal person to run the Central Indiana Women’s Business Center, she has to at least be in the top five. O’Donoghue’s varied background, which includes working for a Fortune 500 company, as well as running a small business, is one of her primary assets. But her passion for helping women business owners identify and reach their goals is almost palpable when she talks-enthusiastically and endlessly-about what she’s doing as director of the CIWBC. “I…

South downtown parking lot eyed for mixed use: Project slated to include ground-floor retail, with residential or office space above

July 11, 2005

A Lafayette developer has a parking lot on the southeast corner of Meridian and South streets under contract with plans for a mid-rise, mixed-use building. Developer John Teibel plans to purchase the 1.4-acre lot from local investors Robert and Karen Dittemore, who have owned the lot for several years, said Scott Langdon, who is representing the couple. The lot is across the street from Eli Lilly and Co.’s Faris/Brougher complex. Plans call for the first floor of Meridian Overlook to…

TOM HARTON Commentary: Keep your eye on the design

July 18, 2005

Design matters, and architects aren’t the only ones who should care. On the eve of two significant ground breakings, even those of us who know nothing about facades and fenestration should consider what’s about to take place here. Later this month, the first dirt will be turned on the site of the city’s new airport terminal, and we can assume that dignitaries will brandish shiny shovels next month just south of the existing RCA Dome. In both cases, there will…

BEHIND THE NEWS: Hat World helps propel parent’s stock out of slumber

July 18, 2005

When Indianapolis-based Hat World Corp. announced its $165 million sale to a Tennessee firm 17 months ago, it had posted increases in same-store sales for an impressive 27 months in a row. Now, make that 42 and counting. Such a streak is almost unheard of in the rough-and-tumble retail world, especially for a firm wrestling with the inevitable distractions that go along with the transition from independence to ownership by a publicly traded company. “We have maintained the same momentum…

SPORTS: A history lesson for 21st century stadium critics

July 25, 2005

It is Oct. 20, 1971. I am standing near Market and Alabama streets, where the groundbreaking has taken place for a venue to be called Market Square Arena. The price tag is a salty $23 million, and the project has attracted critics and naysayers who wonder about the city’s priorities, especially since our mayor, Richard Lugar, is using federal revenuesharing funds to help pay for the arena. Plus, Lugar has this wacky idea about using the arena as a catalyst…

Tax credits aid blighted areas: Help open to firms targeting Center Township projects

July 25, 2005

Federal tax credits supporting roughly $6 million in economic development projects are still available for small-business owners considering expanding or locating in Center Township. The funds are administered through the New Markets Tax Credit Program, which was established by Congress in 2000 to help revitalize blighted areas. In Indiana, the locally based Urban Enterprise Association Inc. helped secure tax credits that can fund $50 million worth of projects, including $12.5 million in Marion County. The tax credits already are supporting…

Planner sinks his teeth into dentists’ finances: Four Quadrant builds business around one industry

July 25, 2005

Dentists know a lot about operating a dental drill, but sometimes not so much about operating a business. That’s where Four Quadrant Wealth Advisors likes to comes in. Indianapolis-based Four Quadrant provides its dental clients with financial advice on everything from running the money side of their practices to building their retirement funds. As one of a fairly small number of financial advice firms that focus on a single type of client, Four Quadrants limits its clients to dentists or…

Tech-park program tightens guidelines: Daniels administration hopes grants spur more innovation

July 25, 2005

In Shelbyville, home of the state’s third certified technology park, economic development officials are excited. They just broke ground on a promising new park business: A Santa Fe Steakhouse. Since 2003, the state has approved $1.2 million for Shelbyville to help develop its technology park-one of 17 now scattered across Indiana, each meant to modernize the state through the attraction and development of high-tech companies. In total, the state has approved $9 million in grants since the certified technology park…

$34M from NFL lightens Colts’ load: Money will count toward team’s portion of stadium cost

July 25, 2005

A $34 million loan of sorts to the Indianapolis Colts from the National Football League brings the franchise and local officials another step closer to signing a new stadium lease and drastically reduces what the team will spend out of pocket for the stadium’s construction. The National Football League approved a $34 million loan June 14 that will be applied to the Colts’ $100 million share of the $625 million downtown facility, which is scheduled to open in time for…

ECONOMIC ANALYSIS: Hoosiers are wallflowers as housing party rocks on

August 1, 2005

Have you heard about the wild party that’s going on? It’s not one of those parties with wine, women and song. It’s all about buying and selling, and making lots of money. And, for some Americans, at least, it’s being done from the comfort of their own homes. It’s called the housing market, and in some corners of the country, it’s a rowdy affair. In coastal California and Florida, the price of homes is going up so fast it is…

MSA redevelopers set to make another run at tower: Project takes on new moniker as it rolls out redesigned condominium plans

August 1, 2005

With a new name, new floor plans and a new marketing team, the developers of the former Market Square Arena site are gearing up to make another go at building a high-rise condominium tower on the east side of downtown. Developers hope the new designs, crafted with the assistance of Chicagobased Mesa Development LLC, will jump-start the tower, now more than a year behind schedule and saddled with a lien from a former key player. The first phase of One…

Counties, cities welcome food/beverage tax: Suburbs see extra funds as way to balance budgets

August 1, 2005

Several suburban cities and counties that have approved new food and beverage taxes view the windfall as a panacea for their budget woes. Six of the seven counties surrounding Marion County, excluding Morgan, have OK’d the 1-percent surcharge to help fund a new stadium for the Indianapolis Colts and Indiana Convention Center expansion. Morgan County councilors turned down the measure at a June meeting. The legislation, approved during the past session, directs counties to contribute half the food and beverage…

University Place getting major makeover: New owner IUPUI investing $13M in renovation of 18-year-old hotel

August 1, 2005

A hotel built during an era in which Indianapolis first laid claim to its title of Amateur Sports Capital of the World has a new owner that is spending millions of dollars to bring the structure into the new century. University Place Conference Center & Hotel, on the campus of IUPUI, opened amid the fanfare of the Pan American Games hosted by Indianapolis in 1987. Nearly 4,500 athletes from 38 countries converged on downtown, including a throng of media that…

Defining success: Those who’ve tasted it share their thoughts on just exactly what ‘it’ is

August 8, 2005

How do you define career success? We posed that question to a variety of high-profile women and men in the Indianapolis business community. While the responses did confirm some of our preconceived notions-such as that men would mention financial rewards more often than women-there are far more similarities than differences, regardless of gender or profession. Still, “Career success is defined differently by each individual,” as Alex Slabosky, president and CEO of The Healthcare Group, so wisely put it; and as…

Co-owner gives golf course a woman’s touch: Multiple tees and restrooms make the Purgatory Club in Noblesville one of the best in the country for females

August 8, 2005

Purgatory isn’t just for women. Purgatory Golf Club in Noblesville, that is. True, you can buy pink hooded sweatshirts, pink-and-white golf shoes and scented candles in the Pro Shop. And one night a month is designated Ladies Night, where women can play a round of golf, enjoy food and wine and win prizes. But don’t be fooled. Purgatory isn’t some cookie-cutter golf course. When played from the back tees, it’s one of the longest courses east of the Mississippi-nearly 7,800…

Deal giving edge to unions muddies midfield contracts: Non-union contractors question whether bidding on project is worth the trouble

August 15, 2005

A construction agreement that requires union wages, work rules-and union workers-at the midfield terminal project has big and small businesses alike concerned they’ll be shut out of all but the tiniest contracts on the $300 million building. Unless Janet South’s painting firm Deco Group agrees to accept those terms, she’d only qualify for projects of $75,000 or less-the threshold at which the agreement kicks in. That limitation, contained in the project labor agreement attached to the midfield terminal, contrasts with…

Centre Properties, state nearing agreement: Retail center at 96th and Allisonville closer to reality after years of legal wrangling

August 15, 2005

Indianapolis-based Centre Properties LLC is beginning to move dirt on 96th Street just west of Allisonville Road, a sign that a battle over developing part of a 220-acre site may be nearing an end. In late March, Centre dropped a lawsuit it had filed in mid-2004 against the Indiana Department of Natural Resources over the agency’s reversal of a permit granted to Centre. That permit would have allowed Centre to fill in 15 acres of White River floodway to build…

Special Report: Buying blind: Lack of oversight leaves state in dark on real estate deals The state of Indiana knows how much it’s spending to lease property statewide -nearly $40 million a year. But it doesn’t know if that’s too much.

August 15, 2005

The state of Indiana knows how much it’s spending to lease property statewide -nearly $40 million a year. But it doesn’t know if that’s too much. State contracts for third-party real estate services give government officials few safeguards to ensure they’re paying a fair price for office, laboratory and storage space outside of state-owned buildings, those in the industry say. And state administrators have no control over seven-figure commissions paid to two Indianapolis real estate brokers in the past decade,…

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