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JOHN KETZENBERGER Commentary: A line on city’s stadium plan

January 31, 2005

Don’t bet on gambling revenue as the source of money that nearly doubles the size of the Indiana Convention Center and builds a new stadium just across the railroad tracks. The smart money rides on the notion Sen. Luke Kenley, R-Noblesville, will take up Mayor Bart Peterson’s invitation to find another source of revenue to back the bonds for the $900 million project. The chairman of the newly created Senate Tax and Fiscal Policy Committee isn’t being coy by revealing…

NOTIONS: Modest proposal to make regional officials heroes

January 31, 2005

TO: Elected officials in Boone, Hamilton, Hancock, Hendricks, Johnson, Madison, Morgan and Shelby counties FROM: Bruce Hetrick, Marion County Center Township peon Years ago, I wrote an advertisement for my boss. Under the headline “A different drummer,” it began: “One way to lead is to find a parade and step before it. A better way is to start the parade and keep it going.” Well, my friends, as stewards of central Indiana’s suburban communities, you face an unprecedented opportunity to…

Johnson County gets major gated community: Development planned next to The Legends golf course

February 28, 2005

Johnson County is set to get its first major gated housing development, and The Legends of Indiana golf course-coowned by former Indiana University basketball coach Bob Knight-should reap a much-needed financial boost. Construction on the $35 million project on 35 acres in Franklin is set to begin this spring. The project, consisting of 144 homes and condominiums, will be constructed between the front nine and the back nine of The Legends’ Jim Fasiodesigned championship course. There will be 38 single-family…

‘Placemaking’ finds champion: CICF to invest millions into quality-of-life enhancement

March 21, 2005

Central Indiana Community Foundation is making a multiyear, multimillion-dollar commitment to help find ways to make Hoosiers’ habitat a home. The Inspiring Places initiative, which is to be unveiled to foundation stakeholders March 22-23, aims to improve the region’s quality of life by rallying around the idea that vibrant public spaces create vibrant communities. But more than warm feelings are at stake, said CICF President and CEO Brian Payne. “More and more, a city’s economic development success revolves around its…

Struggling IndyGo pays big for technology expertise: At $94 an hour, IT director raises some eyebrows

March 28, 2005

Financially struggling IndyGo is paying a handsome sum to its information technology director, hired to help turn around a city bus system that began 2004 with a $4 million budget deficit. Dale Meyers would earn about $188,000 if he worked 40 hours a week, based on a $94-an-hour employment agreement inked last July. Meyers’ pay would dwarf the $120,000 annual salary of Indy-Go CEO Gilbert Holmes. It’s also salty compared to others’ in his field. The median pay for an…

Special Report: Flawed funding: Years of guaranteed increases set stage for school crisis

April 18, 2005

Indiana’s decades-long effort to protect shrinking school corporations from drastic cutbacks may well backfire on the very districts that most depend on it-including Indianapolis Public Schools. Critics say the promise of more money regardless of enrollment has allowed some school systems to bloat their budgets, and now state legislators are poised to let the air out. School funding already represents more than one-third of Indiana’s $24 billion, twoyear budget, and lawmakers want to rein in expenses and eliminate a projected…

Experts see improving market: Higher occupancy rates, more construction projects mean good news for landlords, developers

April 25, 2005

IBJ: Is your sector of the construction or real estate industry better or worse off than a year ago and why? BURK: Overall, I think the Indianapolis office market is better off than it was a year ago. The occupancy rate for the 29-million-plus square feet of multitenant office properties in the market increased by about 2 percent last year, to 82.5 percent. There was positive net absorption of about 600,000 square feet, most of which occurred in the suburbs….

Health builders thinking small: Local hospital development in for change

April 25, 2005

Just north of Indianapolis, Clarian Health Partners plans to open a 170-bed hospital this December, a suburban complement to the 76-bed hospital it opened last December in Avon. To the south, St. Francis Hospital and Health Centers unveiled a heart center in March, counterbalancing the two stand-alone heart hospitals that sprang up on the north side a few years ago. These projects offer a snapshot of how health care development has progressed over the past few years in central Indiana….

Massive retail project on tee: Britton Golf Course buyers plan 85-acre development that could rival Clay Terrace

April 25, 2005

The development group that invested $16 million to buy Britton Golf Course in Fishers is pressing forward with its plan to convert the property into a retail center that would rival Clay Terrace in Carmel. The purchase earlier this month, following Fishers Town Council approval, represents the first significant real estate project for the group of local investors formed under the Britton Park Development LLC name. Bordering State Road 37 and East 131st Street, the 104-acre golf course is the…

After 5 years, USTA ready to serve up 96th Street HQ: Raymond James, First Merchants sign on as tenants

May 23, 2005

The locally based Midwest division of the U.S. Tennis Association is preparing to break ground on a 25,000-square-foot headquarters and hall of fame building on East 96th Street after five years of planning and courting tenants. The two-story office building was first conceived in 2000, but has been held up more than four years by a search for other tenants during a soft office market. The organization recently scored two tenants, Florida-based Raymond James & Associates Inc. and Muncie-based First…

Phone-system expert answers entrepreneurial call: Via savvy marketing, she turned her knowledge of telecommunications into a thriving consulting business

June 13, 2005

When Barb Grothe said goodbye to her paycheck and job security 19 years ago, she was just a little scared and wondered, “Now what do I do?” She had office space for her new telecommunications consulting company, Telecom Resources, and 15 years of experience, but no clients. So she went about making herself known: she wrote articles for magazines, newspapers and journals (including IBJ) and scheduled speaking engagements. Almost each venture produced new clients, and Grothe was on her way….

SPORTS: ‘Our’ future extends beyond Marion County line

June 13, 2005

NOBLESVILLE-That Gov. Mitch Daniels, aboard his RV-1, was caught in the daily late-afternoon I-69, State Road 37 traffic snarl and was a half-hour late for his Hamilton County town meeting here last week represented a theme of his presentation. We are no longer a city, but a region. With that in mind, Our Man Mitch has been venturing to the counties contiguous to Marion, pitching the pending 1-percent food and beverage tax that will supply a small-emphasis on small, an…

ECONOMIC ANALYSIS: My city is bigger than your city, or is it?

July 11, 2005

Does anyone remember the World Almanac? Perhaps not. But in the Barkey household of many years back, it was a well-worn little book. Especially those pages where populations were listed for every city in the country. That’s where we could proudly look up our own hometown and see where we stood against everyone else. We’re still doing that, of course. The paper books are gone, naturally, replaced by Web pages from the Census Bureau that pop up at the click…

Builders pine for acreage: Earlham expects big bucks from land freed by deal

July 11, 2005

Like vultures circling a lone man in the desert, local developers and home builders are jockeying to swoop in and take 413 acres of prime Carmel land when owner Earlham College gives it up following its settlement with Conner Prairie. But Earlham, recognizing the prominence of the last large undeveloped tract in eastern Carmel, isn’t going gently. Interested parties-more than two dozen, at last count-will be required to undergo a formal proposal process before one can feast on the farmland….

BEHIND THE NEWS: Simon’s new strategy: Go beyond retail realm

July 11, 2005

Early this year, Simon Property Group Inc. CEO David Simon started dropping hints on Wall Street about a major new company strategy. “We really can’t tell you about it yet,” he said at an investment conference in March, a comment that piqued the curiosity of the roomful of analysts. Simon Property officials still aren’t falling over themselves to lay out the plan; a company spokesman declined to make someone available for an interview. However, during recent conference calls and investor…

Baby doctors ready to bolt: Clarian North’s new north-side med center to lure business from St. Vincent, Community

August 1, 2005

Storm clouds are gathering to the north as St. Vincent Health applies the last coat of polish to its $19 million Women’s Hospital renovation. The Indianapolis hospital will lose an obstetrician-gynecology group that delivers as many as 1,440 babies a year shortly after it completes its expansion in September. The 10 doctors of Women’s Health Alliance plan to move offices and shift 80 percent of their practice to a new competitor, Clarian North Medical Center, a $285 million project scheduled…

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…

VIEWPOINT: Signs of economic recovery all around us

August 15, 2005

After weathering some difficult times over the last few years, there are encouraging signs that central Indiana has turned the corner on its road to economic recovery. The Indianapolis metro area added 22,000 jobs in the year ending in March-a 2.4-percent increase-and in May, the Indiana unemployment rate dipped below the national average for the first time since December. All signs point to continued modest growth. Patrick Barkey, IBJ contributor and Ball State University economist, says, “We should expect to…

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…

‘1-of-a-kind’ Wal-Mart proposed: Michigan developer plans Carmel/Zionsville superstore

September 26, 2005

A Michigan developer plans to build a 300,000-square-foot shopping center anchored by a Wal-Mart Supercenter along Michigan Road north of 106th Street, continuing the rapid expansion of retail on the Michigan Road corridor. Heritage RDG LLC, a Grand Rapids, Mich.-based developer new to the Indianapolis market, recently filed plans with town officials in both Zionsville and Carmel to build the center. The 36-acre parcel straddles the Boone-Hamilton county line and must be approved by local governments in both counties. Project…

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Articles

JOHN KETZENBERGER Commentary: A line on city’s stadium plan

NOTIONS: Modest proposal to make regional officials heroes

Johnson County gets major gated community: Development planned next to The Legends golf course

‘Placemaking’ finds champion: CICF to invest millions into quality-of-life enhancement

Struggling IndyGo pays big for technology expertise: At $94 an hour, IT director raises some eyebrows

Special Report: Flawed funding: Years of guaranteed increases set stage for school crisis

Experts see improving market: Higher occupancy rates, more construction projects mean good news for landlords, developers

Health builders thinking small: Local hospital development in for change

Massive retail project on tee: Britton Golf Course buyers plan 85-acre development that could rival Clay Terrace

After 5 years, USTA ready to serve up 96th Street HQ: Raymond James, First Merchants sign on as tenants

Phone-system expert answers entrepreneurial call: Via savvy marketing, she turned her knowledge of telecommunications into a thriving consulting business

SPORTS: ‘Our’ future extends beyond Marion County line

ECONOMIC ANALYSIS: My city is bigger than your city, or is it?

Builders pine for acreage: Earlham expects big bucks from land freed by deal

BEHIND THE NEWS: Simon’s new strategy: Go beyond retail realm

Baby doctors ready to bolt: Clarian North’s new north-side med center to lure business from St. Vincent, Community

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

VIEWPOINT: Signs of economic recovery all around us

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

‘1-of-a-kind’ Wal-Mart proposed: Michigan developer plans Carmel/Zionsville superstore