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Articles

SPORTS: Crean and Hoosiers are a story like no other

October 13, 2008

Last week, I attended a press conference that pumped the upcoming Hartford Hall of Fame Showcase at Lucas Oil Stadium Dec. 6. The Showcase will feature Indiana University versus Gonzaga University in one game, the University of Notre Dame against Ohio State University in the other. Name wise, it’s a stellar lineup befitting the occasion: the first basketball games to take place in LOS. It’s safe to predict they will be the first of many. At the very least, an…

Conner Prairie balloon ride part of 10-year strategy

October 13, 2008

Conner Prairie wants to pay homage to early aviator John Wise with a balloon ride that recalls his August
1859 trip from Lafayette at the helm of a gas-filled balloon bound for New York City with the nation’s first
air-mail delivery. An ill wind blew him Wisecourse, ending his flight in Crawfordsville, but he still earned
a place in history–and a U.S. Postal Service-issued stamp honoring his pioneering effort.

Colts fans sweating it out

October 13, 2008

Lucas Oil Stadium yesterday afternoon was too hot to handle for some Indianapolis Colts fans—and even players. And I’m not talking about the action on the field.

While the Colts were getting their first…

Lucas: Stadium worth the cost

October 15, 2008

There have been a fair number of complaints about the new home of the Indianapolis Colts since its opening in August, from the temperature inside the stadium to traffic flow in concourses and…

Chinese wins converts

October 20, 2008

Chinese wins converts IU embraces difficult language as China’s economic influence spreads The rise of China’s economic and cultural stars has ignited the popularity of Chinese language instruction at Indiana University, which is gaining national distinction as a leader in the field. The number of students taking Chinese language classes has grown 110 percent over […]

BOONE COUNTY

October 20, 2008

BOONE COUNTY Town eyeing vacant lot The town of Zionsville is negotiating to purchase a vacant lot in the village’s historic downtown that formerly was occupied by a Shell service station. Town Council members earlier this month voted unanimously to hire two independent real estate appraisers to assess the empty lot at the corner of […]

IU seeking funding to help alleviate doctor shortage: Medical school wants extra $5 million from Legislature to tackle projected shortfall of 1,300 physicians by 2025

October 20, 2008

An acute physician shortage in Indiana is driving a request for an additional $5 million in annual funding to expand enrollment at the state’s only medical school. The Indiana University School of Medicine’s Physician Workforce Task Force conducted a study in 2006 that found the state already had 3,500 fewer physicians than it should. Indiana had 12,534 doctors in 2005-a number that remains relatively flat because the medical school churns out the same number of graduates each year. Over the…

SPORTS Bill Benner: Get rid of Lynch? IU has numerous reasons not to

October 20, 2008

Critics are chirping like cicadas and basically singing the same song. One, get rid of Lynch, the sooner the better. And two, spend money, lots of it, on a “big-name” coach. If only it were as simple as the knee-jerks would have you believe. Perhaps they have forgotten, but Indiana has a lame-duck athletic director, Rick Greenspan, who won’t clean out his Assembly Hall office until Dec. 31. A search committee is vetting applicants. I’m told there are exceptional candidates…

Lenders foreclose on at least 20 properties in mortgage scheme

October 20, 2008

Charter Homes recruited and paid buyers to take out inflated mortgages on dozens of central Indiana homes it built, promising to manage the properties as rentals and make payments for the owners, current and former Charter business partners say.

Naming-rights deal puts Lucas Oil in competitive position

October 20, 2008

Emboldened by the deal he signed to put his company’s name on the Indianapolis Colts’ new home, Forrest Lucas has launched
an arsenal of creative-some would say unorthodox-initiatives to fortify his growing company. Many of them are designed to
help Lucas Oil Products Inc. go head to head with the oil industry’s biggest players.

BEHIND THE NEWS: Lechleiter went toe to toe with Icahn to cut megadeal

October 20, 2008

Eli Lilly and Co. had been salivating over ImClone Systems Inc. for more than two years when, on July 25 of this year, its senior executives received a formal staff recommendation to contact the company and make an overture. So it must have come as quite a jolt to Lilly brass when, just six days later, Bristol-Myers Squibb announced that it was offering to buy the 83 percent of ImClone it didn’t already own for $60 a share, or $4.5…

IU AD search: Who’s on first?

October 22, 2008

Where Indiana University is with its search for a new athletic director is anyone’s guess. IU officials are better—much better—at misdirection plays than its beleaguered football team.

Yesterday, IU spokesman Larry MacIntyre told the…

Steak n Shake chief outlines turnaround plan

October 22, 2008

The Steak n Shake Co. has hired an executive to improve operating efficiency of its restaurants as part of an overall turnaround plan. The appointment of Dennis Roberts, formerly chief operations officer at Massachusetts-based Friendly’s Ice Cream, was announced in a letter issued late yesterday by Steak n Shake Chairman and CEO Sardar Biglari. Biglari, […]

City prepares to compete for mega-conventions, risks losing small events

October 27, 2008

Over the years, the city has made a name for itself by hosting a handful of large conventions and a bevy of small and midsize
gatherings.  But as companies and other organizations tighten their belts, the number of conventions
held nationwide is expected to shrink in the months ahead.

M&I Plaza seeks rebound under different ownership: Struggling downtown tower is about 70-percent vacant

October 27, 2008

Struggling M&I Plaza once again can become a prominent office tower, real estate experts contend, but only if the next owner atones for its predecessor’s mistakes. Local real estate developer Paul Kite Co. had emerged as a top contender to buy the struggling downtown property from Maryland-based CapitalSource Inc., which assumed ownership of the 28-story building in June after foreclosing on a $5 million mezzanine loan. Paul Kite didn’t respond to an e-mail request for comment. But sources say Kite’s…

Obama raising more money in Indiana, but business interests stick with McCain

October 27, 2008

Republican Sen. John McCain has been unable to achieve the same Indiana fund-raising edge on his Democratic opponent that
President George W. Bush did in past elections. Bush rang up an Indiana fund-raising advantage of $1.7 million over Sen. John
Kerry in 2004, according to the Center for Responsive Politics. And his popularity in Indiana allowed
him to spend those dollars to help him campaign in other states while easily winning Indiana’s electoral
votes. But this election, Sen. Barack Obama had outraised Republican John McCain by $360,000 through the end of August, when
McCain’s decision to take public campaign funds forced him to stop raising funds directly for himself.
Obama did not take public funds, and so has continued to raise money.

VOICES FROM THE INDUSTRY: Benefits to buying or leasing in a troubled economy

October 27, 2008

As real estate professionals well know, a troubled economy is making it harder to negotiate and close deals. However, buying or leasing real estate in a troubled economy also provides great opportunities for buyers and tenants. Real estate brokers often talk about it being a buyer’s and renter’s market and focus on selection and price; however, there are several other benefits when buying or leasing commercial real estate in a troubled economy. These additional benefits include tax abatements or credits…

Was HIP program enough?: Candidates spar over impact of Daniels’ health reforms

October 27, 2008

Just how big of a deal was the Healthy Indiana Plan? That seems to be the key question dividing Republican Gov. Mitch Daniels and his Democratic challenger, Jill Long Thompson, in their competing plans over health care reform. Daniels’ campaign for re-election points to his administration’s ongoing rollout of the Healthy Indiana Plan as his entire plan for health care reform in his second term. The plan, which uses cigarette tax revenue to offer health insurance and health savings accounts…

Despite subsidiaries’ sales, Ontario struggles with debt: Lawsuit sheds light on tech holding company

October 27, 2008

Over the last five years, Daleville’s Ontario Corp. has successfully divested two of central Indiana’s larger high-tech firms. It’s had less luck resolving its debts. This month, a federal court in Indianapolis reopened a lawsuit filed three years ago by Charles Craig-one of Ontario’s former executives-and his wife, Barbara. Their complaint alleges Ontario defaulted on $1.3 million in promissory notes. According to court documents, the company east of Anderson provided the couple a series of 10-year notes in 2001 on…

Ousted mayor guides local up-and-comers: Peterson named moderator for prestigious group

October 27, 2008

Voters decided last Election Day that they’d had enough of Bart Peterson, but the former mayor is in demand with academics, a think tank, and now the city’s premier leadership network. Peterson is moderator of the Stanley K. Lacy Executive Leadership Series, which introduces “emerging leaders” to Indianapolis and its problems. “It’s something I never went through as a class member. I’ve always envied those who did,” Peterson said of the series, which accepts just 25 applicants each year. “It’s…

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