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Med school takes hit: IU trims $5.2 million from budget, cuts 36 positions

June 20, 2005

The school tabled some construction plans and may have to curtail recruiting of “star” faculty in areas such as diabetes research, said Dr. Craig Brater, the school’s dean. On top of that, the school cut 36 positions and halted spending for several programs after it was hit by decreases in state funding and grants, and a rise in expenses. Brater said the medical school has been lucky “in large part” to receive the funding it needed over the years. He…

Precedent plans spec office: Building signals improvement in north-suburban market

June 20, 2005

The Precedent Cos. is preparing to build a 100,000-square-foot office building in its namesake office park near 96th Street and Keystone Avenue, several local real estate experts said, further evidence of the north-suburban market’s recovery. The building would mark the first new speculative office construction in the park since the mid-1990s, just before Indianapolis-based Precedent sold the park’s 19 buildings with 1.1 million square feet of office space to Philadelphia-based Berwind Property Group Inc. in 1998. That sale didn’t include…

Debate over health care development takes legal twist: Three county-imposed construction moratoriums face federal lawsuits

June 20, 2005

Hospitals and developers recently filed lawsuits in U.S. District Court against three counties that enacted moratoriums to slow health care construction in their territory. The Sisters of St. Francis Health Services Inc. sued Morgan County in April, and some Kentucky-based companies filed complaints against Clark and Floyd counties June 13. County officials say they need to make sure their county-owned hospitals remain viable in the face of more development. They also argue that providers want to enter their turf and…

City to land more aircraft mechanics: Lease calls for Republic to add 186 jobs

June 13, 2005

Republic Airways Holdings plans to add nearly 200 aircraft maintenance jobs at Indianapolis International Airport, based on employment projections in a lease the carrier recently signed for a new hangar. The Indianapolis-based regional carrier that employs 114 mechanics here “agrees to use commercially reasonable efforts to achieve average employment of 300 full-time Indiana resident employees at the facility … at an average salary of $18 per hour during the first year,” states a lease signed April 15 with the Indianapolis…

Trouble brewing at Market Square: Confidence wanes as partners bail

June 13, 2005

Deciding who will build and pay for a new sports stadium and expanded convention center has drawn plenty of scrutiny in recent months, diverting attention from the redevelopment struggle in our midst: the so-far illfated attempt to erect housing and retail space at the former Market Square Arena site. Though the stadium drama is yet to play out on the west side of downtown, it’s time for some answers regarding this high-stakes east-side project. The project team picked by the…

VOICES FROM THE INDUSTRY: Indiana must not let TDL opportunities elude its grasp

June 13, 2005

Unlike some other Hoosier economic initiatives, much of the required infrastructure to rapidly advance TDL into significant growth is already in place. More Interstate highways cross the state An economic development analyst determining the physical advantages of Indiana might initially be challenged. Indiana has no oceans. No mountains. No temperate climate. But the Hoosier state does possess one singular unmatched physical plus: It is the state geographically closest to the bulk of most U.S. major markets. For more than a…

State eyes inland ports to bolster TDL: ‘Dry’ hubs under consideration in 3 parts of the state could be boon to transportation, distribution, logistics

June 13, 2005

The construction of intermodal hubs in Indiana could add thousands of jobs to the state’s transportation/distribution/logistics industry, an area targeted by officials as an economic pillar to pursue. The General Assembly gave the Indiana Ports Commission the authority two years ago to build the hubs-“dry ports” where cargo is transferred between train and truck. While the projects remain in the planning stages, supporters cite Indiana’s central location as a primary factor to build the facilities. At least three locations are…

Not-for-profits affect state’s bottom line: Health organizations account for more than half of state’s not-for-profit workers

June 6, 2005

From 2000 to 2003, a period during which the state experienced an overall decline in jobs, employment in the notfor-profit sector grew. That finding, among others, is part of a study of not-for-profit employment in the state, and an update of a report issued two years ago, by Indiana University’s Center on Philanthropy, IU’s School of Public and Environmental Affairs, and Johns Hopkins University. The 5-percent increase in not-for-profit employment, compared with a 6-percent decline in the for-profit sector, suggests…

MSA condos co-developer calls it quits: CTE 2nd partner to abandon $140M project; remaining firms expect new designs in June

May 30, 2005

With a deadline looming for a redesign of Market Square Towers, another of the project’s developers has pulled out and has filed a claim on the property for $3.2 million it says it’s owed by Market Square Partners. Chicago-based Consoer Townsend Envirodyne Engineering Inc. filed the lien April 8 to secure its claim on money the company said it spent on design and engineering services and other preliminary project work. CTE, whose representatives once served as the public face of…

Up to the challenge: Stadium project leader has been here before

May 30, 2005

John Klipsch didn’t necessarily set out to take control of one of the largest public-works projects in Indianapolis history, but he prepared for it nonetheless. “My degree is in counseling,” he said with a wry smile. “This is how my career has evolved over the years.” So here he is, two months before work is scheduled to begin on a $900 million stadium construction and convention center expansion project, relying on his professional experience and personal dedication to get the…

Anderson incubator represents ‘beginning’: Officials hope new center will help revive economy

May 30, 2005

Xtreme Alternative Defense Systems LTD is the type of high-tech company Anderson officials are coveting for their new small-business incubator, the Flagship Enterprise Center. Founded in 2002 by Pete Bitar, XADS has a contract with the U.S. Marine Corps to develop a long-range, wireless stun gun, known as the StunStrike system. The patent-pending technology delivers a non-lethal electrical current to disable a human target. The prototypes include a rifle that can fire up to 15 feet and a vehiclemounted unit…

Wishard owner fishes growing revenue stream: Health and Hospital Corp. buys 19th nursing home

May 30, 2005

The owner of Wishard Memorial Hospital added a 19th nursing home to its investment portfolio earlier this year, as it continues to pull revenue from a market filled with struggling competitors. Health and Hospital Corporation of Marion County purchased American Village Retirement Community, a complex of garden homes, apartments and a nursing home near the intersection of East 54th Street and Keystone Avenue, for $2.6 million, said Matt Gutwein, Health and Hospital president and CEO. Gutwein said the deal, like…

SPORTS: ‘Slow’ ride ’round oval makes your heart race

May 30, 2005

One of my favorite jokes goes like this: In the forest one day, two turtles were involved in a head-on collision. The only witness was a snail. When the forest police arrived to investigate the accident, they asked the snail to describe what he had seen. “I can’t,” said the snail. “It all happened too fast.” Speed is a relative thing. And, like the snail, that’s my challenge in recounting my recent experience at the Indianapolis Motor Speedway, which involved…

ECONOMIC ANALYSIS: With growth at both ends, job spectrum requires skill

May 30, 2005

When you study economic statistics for a living, it’s easy to lose perspective on a lot of things. Take the labor market, for instance. In any given month, millions of American workers are hired and fired, promoted, demoted and transferred. Some drop out of the labor force to raise children or to go to school, while others retire altogether or begin new careers. When the smoke clears after all those changes, the statisticians in Indiana and in Washington tally it…

A quiet force: King helped revitalize city behind scenes

May 30, 2005

Coming of age in the 1950s, Tom King thought he’d make a pretty good engineer. “I grew up during what I call the ‘Sputnik Era’. Anybody who was a halfway decent student was going to be an engineer,” says the newly retired president of the Lilly Foundation. “When I saw what engineers did, I discovered I wouldn’t make a very good one.” Instead, King found himself a niche constructing some of the most complex local economic development projects of the…

Main post office pondering move: Relocation could prompt sale of 16 acres across street from proposed stadium

May 30, 2005

It’s not in the path of a new stadium planned for downtown Indianapolis, but the downtown post office may get out of the way anyway. U.S. Postal Service officials are negotiating an agreement to sell land the postal service owns within the stadium footprint, and a spokesman said that discussion is part of a larger scheme to relocate the entire facility. “They’re talking about moving the whole thing,” said Al Eakle, public affairs officer for the USPS’ Indiana district. “Basically,…

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…

Competition stakes claim on hospital’s turf: Dialysis center would sit 1 block south of Methodist

May 23, 2005

A real estate company has filed plans to build a medical office building and dialysis center downtown, in the shadow of Methodist Hospital and Clarian Health Partners. A and T Realty wants to plop a 13,416-square-foot office on what now is a parking lot a block south of Methodist, according to plans filed with the city. The development has no connection to Clarian, according to Mike Quinn, a lawyer representing A and T. Clarian, whose three downtown hospitals all offer…

Finances another obstacle for Rose: University’s money problems predate controversial leader

May 23, 2005

In Terre Haute, his management style has come across like a bull in a china shop. Rose-Hulman Institute of Technology’s faculty and students voted “no confidence” in his abilities. The university’s staff will soon take a vote of its own, and an upcoming trustee meeting will likely address the matter. But as the tide of opinion turned against Rose-Hulman President Jack Midgley, detractors stopped asking a fundamentally important question: Could Midgley be right about the need for change? Last September,…

Mansion tenant’s HQ networks with history: Levey building’s interior design mixes new with the old

May 23, 2005

At the Louis Levey Mansion on North Meridian Street, the blending of past, present and future greets visitors as they walk through the heavy arched doors of Networks Financial Institute’s headquarters. In the entry hallway, a receptionist with all the latest technology on her desk sits under a Victorian-era stained-glass skylight. Around her, contemporary art hangs next to elaborately carved wood molding on the walls. Futuristic glass-and-chrome lighting fixtures hang from the ceilings, one of which has an original painted…

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Articles

Med school takes hit: IU trims $5.2 million from budget, cuts 36 positions

Precedent plans spec office: Building signals improvement in north-suburban market

Debate over health care development takes legal twist: Three county-imposed construction moratoriums face federal lawsuits

City to land more aircraft mechanics: Lease calls for Republic to add 186 jobs

Trouble brewing at Market Square: Confidence wanes as partners bail

VOICES FROM THE INDUSTRY: Indiana must not let TDL opportunities elude its grasp

State eyes inland ports to bolster TDL: ‘Dry’ hubs under consideration in 3 parts of the state could be boon to transportation, distribution, logistics

Not-for-profits affect state’s bottom line: Health organizations account for more than half of state’s not-for-profit workers

MSA condos co-developer calls it quits: CTE 2nd partner to abandon $140M project; remaining firms expect new designs in June

Up to the challenge: Stadium project leader has been here before

Anderson incubator represents ‘beginning’: Officials hope new center will help revive economy

Wishard owner fishes growing revenue stream: Health and Hospital Corp. buys 19th nursing home

SPORTS: ‘Slow’ ride ’round oval makes your heart race

ECONOMIC ANALYSIS: With growth at both ends, job spectrum requires skill

A quiet force: King helped revitalize city behind scenes

Main post office pondering move: Relocation could prompt sale of 16 acres across street from proposed stadium

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

Competition stakes claim on hospital’s turf: Dialysis center would sit 1 block south of Methodist

Finances another obstacle for Rose: University’s money problems predate controversial leader

Mansion tenant’s HQ networks with history: Levey building’s interior design mixes new with the old