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Labor tiff puts loan for stadium in limbo: NFL Players Association refusing to back $34 million as fight with owners drags on

February 27, 2006

A $34 million loan from the NFL that the Indianapolis Colts are counting on to fund part of their share of stadium construction could get sacked, at least temporarily, in an NFL labor dispute. Teams with pending stadium loans-including the Colts, Dallas Cowboys and New York Giants and Jets-hoped to get final approval of their loans at the March owners’ meeting. That is now in serious doubt, league sources said. NFL owners last June approved a $34 million loan for…

Irvington confronts development dilemma: District’s new historic guidelines receive first test

February 20, 2006

A proposed development that would bring a Starbucks and a Union Federal Bank branch to the east side of Irvington presents a conundrum for folks there thirsting to revitalize the historic but neglected neighborhood. Local developer Tharp Investments Inc. wants to demolish a NAPA auto-parts store and a vacant building on adjoining properties it owns on East Washington Street to make way for the coffee shop and bank. Residents welcome the investment as a first step in a broader plan…

Duke’s Earth Services Inc.: Environmental services firm cleaning up on spills Haz-mat niche paying off; business expected to double

February 20, 2006

When a truck carrying a load of frozen chicken crashed on Interstate 74 near Batesville last month-mixing the meat with less-than-appetizing ingredients like diesel fuel and coolant-Duke’s Earth Services was high on the invite list for the impromptu barbecue. The Mooresville-based environmental services company specializes in such unpleasant jobs: cleaning hazardous materials spills, removing underground storage tanks, and checking construction sites for contaminated soil. And business is good. Duke’s posted revenue of $3.5 million in 2005, and leaders expect to…

Buckingham makes big plans for Carmel: Developer awaits OK on 116-acre urbanist development

February 20, 2006

The makeover of midtown Carmel, driven by the ambitious City Center master plan, could get a boost from a nearby development that could rival the project in scope. Local real-estate developer Buckingham Properties will present its proposal to the Carmel Plan Commission Feb. 21 to transform the 1960s-era Mohawk Hills apartment complex and its golf course into a modern urbanist neighborhood. The development, called Gramercy, could take a decade and hundreds of millions of dollars to complete. The 116-acre tract…

Hospitals battle for bone biz: St. Vincent’s ortho upgrade ups ante in lucrative niche

February 20, 2006

St. Vincent Health is spending $9 million to capture more of the city’s lucrative market for orthopedic care, a specialty that could trigger a new arms race among local hospitals. The Catholic hospital network is reworking existing space at its 86th Street campus to create a 61-bed St. Vincent Orthopedic Center that will open in July. The new center aims to consolidate care in one location and raise the quality bar to new heights. “We think we’re creating something that…

Development plans percolating in five urban corridors: East 10th Street, Fountain Square lead FOCUS pack

February 20, 2006

DataSmith Technologies owner James Smith started looking almost two years ago for a building to house his business, his home and possibly a revenue-generating tenant. What he ended up with was a dilapidated former bar on a struggling section of East 10th Street that had become a haven for vagrants. Smith took a chance on the building at 2032 E. 10th St., most recently home to Mustang Sally’s tavern, largely because of the involvement of the East 10th Street Civic…

New FBI facility: tough case to crack: Government struggling to find site to build field office for bureau

February 20, 2006

The highly-sought-after job of developing a new building for the FBI’s Indianapolis field office is still in play, but it’s hampered by the federal government’s inability to find a site for the building. A bevy of local and national developers are expected to throw their hats in the ring to develop the building, which the Government Services Agency says needs to be 110,000 square feet. For the winner, it would be a high-profile project and one of the more significant…

Industrial park land sends towns into annexation battle: Avon, Plainfield both want 882-acre distribution site

February 20, 2006

A valuable piece of Hendricks County property slated for a mammoth warehouse and industrial park is pitting the neighboring towns of Avon and Plainfield against each other. The two municipalities once were cooperating to annex the 882 acres together and share the tax dollars generated by the $700 million investment that could attract 6,000 jobs. They stopped negotiating last fall and now are employing separate tactics to claim the unincorporated land. Locally based Browning Investments Inc. wants to build CentraLogistics…

BEHIND THE NEWS: Consumer spending spree gives spark to Simon stock

February 13, 2006

It’s becoming almost ho-hum for Simon Property Group Inc. Another year, another round of eye-popping returns for the company’s shareholders. The Indianapolis-based mall owner, by far the nation’s biggest real estate investment trust, just closed the book on 2005, a year when funds from operations-a key measure of REIT performance-zipped up another 13 percent. Simon shares last year rose 18 percent. Including reinvested dividends, the stock in 2005 returned 23 percent. It was the fifth year in a row the…

Arts group gets serious: Harrison Center mounts its first-ever capital campaign

February 13, 2006

Perhaps you’d find a live “elf” directing visitors from inside an inflatable lawn Christmas decoration. Maybe young women dressed in wedding gowns would be playing basketball in the gym. Or possibly, one of the featured works of art would be a 3-foot-tall crocheted cigar in a display case, made with yarn, wood, screws and “six cans of cheap beer,” according to its creator, Paul Baumgarten. But behind the scenes of controlled mayhem, Harrison Center Executive Director Joanna Taft and the…

EYE ON THE PIE: Good ideas merit communication

February 13, 2006

Finally, the Daniels administration is getting around to explaining the tollroad-leasing proposal. On Feb. 3, it released Volume 1, Issue 1, of “Major Moves Help Desk,” a newsletter to tell its side of the complicated toll-roadleasing story. Perhaps a newsletter is pretentious, but it is a move in the right direction. The idea of leasing the toll road is an attractive one, but I have felt in the dark about why this lease and its many details are best for…

‘Lighting’ the way for women in the trades: Pair overcomes obstacles with tenacity, hard work and attention to the smallest detail

February 13, 2006

If women have a tough time breaking into the construction trades, then Melanie Goldman, president of Goldman Electrical Contracting Inc., and Carla Partin, a union journeyman electrician, have managed to beat the odds. Both women have encountered obstacles in this mostly male field, but both were determined to succeed. Goldman, 32, runs the electrical company she owns with her husband, Bill. She has heard men say many times “Just have your husband call me,” but she doesn’t let that pass….

Stilwell Architectural Design & Custom Remodeling: Second time the charm for remodeling company Owner polished business skills after his first firm folded

February 13, 2006

Joe Stilwell knows how stressful homeimprovement projects can be. So when his remodeling and design firm is on the job, he can find himself tackling more than his supervisory duties-sometime acting as marriage counselor, pastor and even dog walker. “We become part of this family for four to 10 months,” he said. “We need to know if we should let the pets out.” Client Paula Ruppert can attest to his expertise. She and husband Michael hired Stilwell Architectural Design &…

Developer casts eye beyond downtown: New company led by Brian Knapp to look beyond condos in metro area

February 13, 2006

A former Simon Property Group Inc. executive known in recent years for downtown condominium developments is launching a new development company that puts him closer to his retail roots. Brian F. Knapp, president of Dinmont Development LLC, recently created Diverse Development Co. LLC to focus on real estate beyond downtown’s borders. He’ll continue to serve as Dinmont’s president at least until its current projects are completed. Those projects, both joint ventures with locally based Hearthview Residential Inc., are the 40-unit…

Omni Severin seeks lot for expansion: Downtown parking garage, grand ballroom on drawing board

February 13, 2006

The Omni Severin Hotel has confirmed it’s negotiating to buy the surface parking lot immediately east of the hotel, which it wants to redevelop into a parking garage capped by a 12,000-square-foot ballroom. Tourism officials love the idea, but some parking lot managers say it’s unnecessary. “We’re buying it for a reason,” said Chris Ratay, the hotel’s area director of sales and marketing. “This would allow us to have our own parking facility.” Today, the hotel’s valets run across the…

Ex-Winona owner under fire: Leland Medical Centers CEO faces fraud accusations, questions about his own bankruptcy

February 13, 2006

Accusations of fraud and other misconduct are piling up against the former owner of Winona Memorial Hospital. Two companies recently joined Winona’s creditors in questioning money transfers made by Texasbased Leland Medical Centers Inc., which owned the nowdefunct Indianapolis hospital from 2002 until a short time before it closed in 2004. Meanwhile, lawyers sorting through the liquidation of Winona still have no explanation for why Leland took $3.6 million from the struggling Indianapolis hospital before it slid into bankruptcy and…

Hospitals still find room to grow in Hamilton County: More competition doesn’t crowd the market, experts say

February 13, 2006

Clarian Health Partners made a big splash last December in Hamilton County when it opened a 154-bed medical center, but competitors in that market are showing they know how to flex development muscles, too. The county’s three other hospitals all have planned, started or completed expansion projects in the last few years, and those who know the market see plenty of room for more health care. “If you’re in the hospital business, it’s hard to fail in a market like…

Sarbanes-Oxley spreads beyond public companies: Hospitals, other not-for-profits consider tightening rules

February 6, 2006

Few topics might kill a cocktail conversation faster than the Sarbanes-Oxley Act, unless the dinner party includes hospital administrators, university presidents or other not-for-profit leaders. A desire to boost credibility-coupled with prodding from bond-rating ratings agencies-has broadened interest in the 4-year-old federal law far beyond the public companies it actually targets. Sarbanes-Oxley-passed by Congress in the wake of high-profile scandals at Enron, WorldCom and elsewhere-was intended to enhance financial disclosure and eliminate arrangements that could undermine the independence of auditors….

Amnesty in concrete case?: Lawyer says company in civil price-fixing case helping prosecutors in criminal investigation

February 6, 2006

One of the seven concrete firms named as defendants in a civil price-fixing lawsuit is helping federal prosecutors gather evidence in a related criminal investigation, court documents reveal. A lawyer for one of the seven defendants in the civil case said in a filing that the 27 contractors and construction firms bringing the suit have the “unique and decisive advantage” of receiving documents and statements from a cooperating individual who could receive amnesty from criminal charges. Court papers don’t say…

EYE ON THE PIE Who says Indiana isn’t progressive?:

February 6, 2006

You probably don’t know Gary Price and never even heard of him, but he is at the center of important changes in the construction industry. Don’t get me wrong; Price is not doing this by himself. He is part of a remarkably progressive set of activities that are demonstrating how social objectives and private interests can be integrated. Price has an association management company; as such, he is the executive director of several organizations. He specializes in construction-related associations. The…

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Articles

Labor tiff puts loan for stadium in limbo: NFL Players Association refusing to back $34 million as fight with owners drags on

Irvington confronts development dilemma: District’s new historic guidelines receive first test

Duke’s Earth Services Inc.: Environmental services firm cleaning up on spills Haz-mat niche paying off; business expected to double

Buckingham makes big plans for Carmel: Developer awaits OK on 116-acre urbanist development

Hospitals battle for bone biz: St. Vincent’s ortho upgrade ups ante in lucrative niche

Development plans percolating in five urban corridors: East 10th Street, Fountain Square lead FOCUS pack

New FBI facility: tough case to crack: Government struggling to find site to build field office for bureau

Industrial park land sends towns into annexation battle: Avon, Plainfield both want 882-acre distribution site

BEHIND THE NEWS: Consumer spending spree gives spark to Simon stock

Arts group gets serious: Harrison Center mounts its first-ever capital campaign

EYE ON THE PIE: Good ideas merit communication

‘Lighting’ the way for women in the trades: Pair overcomes obstacles with tenacity, hard work and attention to the smallest detail

Stilwell Architectural Design & Custom Remodeling: Second time the charm for remodeling company Owner polished business skills after his first firm folded

Developer casts eye beyond downtown: New company led by Brian Knapp to look beyond condos in metro area

Omni Severin seeks lot for expansion: Downtown parking garage, grand ballroom on drawing board

Ex-Winona owner under fire: Leland Medical Centers CEO faces fraud accusations, questions about his own bankruptcy

Hospitals still find room to grow in Hamilton County: More competition doesn’t crowd the market, experts say

Sarbanes-Oxley spreads beyond public companies: Hospitals, other not-for-profits consider tightening rules

Amnesty in concrete case?: Lawyer says company in civil price-fixing case helping prosecutors in criminal investigation

EYE ON THE PIE Who says Indiana isn’t progressive?: