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Office tower bounces back: Renovated National City Center recovering from loss of Simon

Once reeling from the loss of its largest tenant, National City Center now has a rising occupancy rate amid a major renovation that is resuscitating the aging office building. Indianapolis-based Simon Property Group Inc. vacated 182,000 square feet in National City Center by moving to its new headquarters a block away in the fall of 2006. The departure left the 16-story tower at the southwest corner of Washington and Illinois streets 28-percent unoccupied after years of being nearly full. Owner…

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Uphill battle ahead: State poses tough test for new enviro leader

By the time Jesse Kharbanda earned a Rhodes scholarship to study at Oxford, the University of Chicago student already knew he wanted to advocate environmental policies in the developing world, someday. Eight years later, some might say Kharbanda has landed in the developing world, all right-Indiana, insofar as it’s considered the backwater of environmental stewardship. One might recall the state’s 49thplace ranking in a 2007 review of “greenest” states by Forbes magazine. Only West Virginia-a national leader in illiteracy-scored worse….

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VOICES FROM THE INDUSTRY: The right time for climate change may finally be here

While the world’s political climate is heating up, its economic climate is cooling down. Meanwhile, the real climate is finally getting the attention it really deserves, as the “tipping point” has been reached. Green is everywhere these days. New York Times For homes that no longer grow in value. If the personal consumption rates in China rose to the levels of the United States, annual oil consumption in the world would go up more than 100 percent! Oil consumption in…

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Bills would require utilities to reduce reliance on coal

Two bills in the Indiana Legislature would require utilities that operate here to supply up to 25 percent of their electricity from renewable resources such as wind, landfill gas, and plant and animal waste. Backers say utilities need more incentive to diversify from coal-based power generation.

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RETURN ON TECHNOLOGY: The worst of this year’s technology snafus

Another year gone, and yet another Christmas gift for you. Every year, I collect examples of utterly horrendous technological snafus and write about them. No matter how awful your own meltdowns may have been, they can’t have been as bad as these, so enter the new year with a light heart. The first example of disaster is fresh in the news still, at least in reports from the British Broadcasting Corp. The English government has lost disks with personal information…

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eGix buyout sets up Bell battle

The fiercely competitive local telecommunications landscape should get even more heated, following Cincinnati Bell Inc.’s
$18 million acquisition of Carmel-based eGix Inc. eGix provides bundled voice and data services, as well as high-speed Internet
access and messaging products, to about 17,000 commercial customers.

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Biz issues move to back seat: Property-tax reform leaves little time for other work

Reforming the state’s property tax system will consume so much of the legislative session that the Indiana General Assembly isn’t expected to give much attention to other issues pertinent to the business community. Compounding matters is the fact that the session, which runs from mid-January to mid-March, is of the short variety, meaning legislators have less time to debate issues than they would during the long, odd-year meetings. “I think [property tax reform] is the most intense and voluminous issue…

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EYE ON THE PIE: Are unions really that important?

Uncle Uriah Marcus visited us on Thanksgiving. It took over a week to recover. He blames “the @#%$# unions” for most of our state’s woes. Uncle Uriah asserts “them big unions scares businesses away from Indiannie.” A sample of his views: High property taxes: It’s the teachers’ union’s fault because teachers keep pushing up their earnings and reducing their responsibility. Congestion in cities: Bus workers’ unions keep fares too high for anyone to ride the bus. The battle between the…

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Niche firms thrive despite anonymity: Some small businesses don’t need storefronts to keep customers coming

Whimsical Whisk isn’t your neighborhood bakery. Pastry chef Clare Welage never wanted it to be. She started the patisserie in 2004 with plans to differentiate herself from the competition by making desserts from scratch using all-natural ingredients, designing items specifically for the customer and-just as important-going without a storefront. “I’ve always felt that if you open up a storefront and you have a specialty product, something somewhere gets compromised,” Welage said. “Ultimately, it’s the quality of the product or it’s…

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Union says utility owes $115M

In a case with huge financial implications for Indianapolis Power & Light and Virginia parent AES Corp., a labor union and
16 IPL retirees have asked regulators to force the utility to pay up to $115 million to back-fund a retirement plan it spun
off in 2001.

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Power plant opponents claim Duke, governor interfered: IURC head received letter, press release referring to Edwardsport project

Groups opposing Duke Energy’s coal gasification plant proposed for Edwardsport allege the utility and Gov. Mitch Daniels tried to sway regulators with improper contact and political pressure to get the $2 billion plant approved. They “are clearly trying to back-door the public decision-making process,” said Jerry Polk, an attorney representing a group led by Citizens Action Coalition. Polk this month filed a complaint with the Indiana Utility Regulatory Commission, citing a Sept. 25 letter an executive from Duke’s Charlotte, N.C.,…

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Ex-Duke exec, wife tackle senior housing: Horns have nationwide plans for The Stratford Cos.

Richard and Wendy Horn have had their share of separate real estate successes. Now, they’ve combined their corporate talents as a husband-and-wife team to lead an upstart senior housing developer. Richard joined The Stratford Cos. in May 2006 as chairman and CEO, and has since moved its headquarters from St. Louis to Indianapolis’ north side in Parkwood Crossing. He is known within commercial real estate circles as a former veteran of Duke Realty Corp., where he enjoyed a two-year stint…

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Commentary: Region is missing benefits of planning

Good urban design can create value for communities, individuals, the economy and the environment. The potential benefits include better public health, greater social equity, enhanced land values, a more vibrant local economy, reduced vehicle emissions and a more sustainable use of non-renewable resources. Central Indiana lacks geographical barriers to growth. Land is abundant and reasonably priced. However, the region lacks a cross-jurisdictional plan to manage growth and maximize the benefits from it. Instead, fields grow corn one season and homes…

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Landlords bring pipe to fight with regulators: Prospect of state oversight brings flood of protest

The state’s apartment industry, backed by firms that landlords hire to bill their tenants for water and sewer service, says state officials are legally all wet if they try to regulate the industry as utilities. Indiana Utility Regulatory Commission jurisdiction “does not extend to the regulation of a landlord’s water pipes any more than it may extend to a homeowner’s garden hose,” Clayton Miller, a Baker & Daniels attorney representing the Water Sub-Billing and Conservation Coalition, told the commission last…

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VOICES FROM THE INDUSTRY: Investing in liquid assets? Try giving water a good look

G e o – p o l i t i c a l events and the media keep our focus on the price of oil, its potential supply interruptions and the need to reduce our country’s dependence on foreign oil. Very little is written or reported about another very strategic resource-water. A top United Nations official addressing the 17th Annual World Water Week in Stockholm last August stated that water is going to be the dominant world issue far into…

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IPALCO may face challenge over old retirement plan: Utility accused of continuing to collect plan money from ratepayers despite spinning it off years earlier

Six years after its $2.2 billion sale to AES Corp.-a deal that generated at least three shareholder lawsuits-IPALCO Enterprises has signaled that more sparks might fly from the long-done deal. An attorney claiming to represent participants in a retirement insurance plan IPALCO spun off and stopped funding six years ago alleges the utility continues to recover from its 468,000 ratepayers millions of dollars a year toward the plan. The letter asserts that Indianapolis Power & Light “is recovering in rates…

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AT&T’s stealth over U-verse drawes fire

Some in the telecom industry think AT&T had the Indiana General Assembly twirled around its finger like a coil of phone cord
last year. It lobbied legislators to rewrite the state’s telecommunications laws so it could more easily deploy its “U-verse”
video product.

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Township wrestles with incorporation: As Greenwood, Bargersville annex commercial corridors, rest of township declines

White River Township in northwest Johnson County is dotted with an increasing number of high-priced homes and anchored by one of the area’s strongest school districts. But the area, known as Center Grove, also is marked by crumbling roads, poor drainage and an anemic parks system. To preserve its strengths and shore up its growing weaknesses, some in the area think White River Township needs to incorporate into its own city. The township of more than 40,000 residents faces the…

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BRIAN WILLIAMS: Indiana needs to get energy-wise

As the 14th-mostpopulous state in the union, Indiana generates a gross state product that is 16th-largest of the 50 states. Unfortunately, despite significant investments in equipment and processes by manufacturers and public-policy efforts to encourage the attraction and growth of knowledgeand technology-focused industries, our economy remains energy-inefficient. In 2003, Indiana was the country’s sixthlargest consumer of energy per capita, according to the Indiana Energy Report. Ninety-seven percent of Indiana’s electricity is generated by coal. Indiana is the fifthlargest emitter of…

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