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SUSAN WILLIAMS Commentary: Don’t overlook Benjamin Harrison Home

February 7, 2005

SUSAN WILLIAMS Commentary Don’t overlook Benjamin Harrison Home Here’s a thought: Celebrate President’s Day (Feb. 21) at the President Benjamin Harrison Home. Let re-enactors take you back to the era of the only president elected from Indiana. Benjamin Harrison built his three-story Italianate Victorian home at 1230 N. Delaware St. in 1875 and lived there until his death in 1901, with a four-year interruption when he moved to Washington, D.C., to serve as the 23rd president of the United States….

Broader Airport Authority sought: Bill would dilute mayor’s pull, give board 4 regional slots

January 31, 2005

A bill in the Legislature seeks to dilute Mayor Bart Peterson’s influence on the city’s airport board by adding four board members, two appointed by neighboring counties and two by the governor. House Bill 1734 would recast the Indianapolis Airport Authority board with more regional representation and a more bipartisan flavor as development encroaches on the Airport Authority’s smaller, suburban airports and as the board approves contracts for the $974 million terminal project at Indianapolis International Airport. The bill with…

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…

BULLS & BEARS: Investors do well to avoid asset-allocation infatuation

January 31, 2005

Asset allocation is a term regularly used in the investment industry. A close cousin of diversification, it refers to the division of an investor’s dollars between a variety of different “asset classes,” and is generally considered to be a tool to control risk. The two most basic asset classes are simply stocks and bonds. There was a time when simple “models” were employed by institutional investors, such as pension funds, with the rule of thumb formula being a portfolio of…

Retail beginning to take hold on Michigan Road: Browning eyes 100 acres for retail or mixed-use

January 31, 2005

Browning Investments Inc. has nearly 100 acres under contract in the rapidly growing Michigan Road retail corridor. The locally based developer hasn’t yet cemented plans for the land, but they could include purely retail or a mixeduse development with multifamily, flex/office and retail components, said Vice President of Development James W. Browning. Most retail on the site would likely be highway-oriented, such as hotels or outlets of national chain restaurants, he said. The parcel, under contract from various owners, lies…

Partners bet on Capitol block: Shiel Sexton teams up with Gregory & Appel to redevelop old factory

January 24, 2005

An Indianapolis contracting company is deepening its near-north-side roots-and exploring another avenue of the real estate business-with a multimillion-dollar plan to renovate and rent out an 85-year-old building just blocks from its Capitol Avenue headquarters. Shiel Sexton Co. Inc. has agreed to spend more than $5 million on the 60,000-square-foot brick building at 1402 N. Capitol Ave., restoring the property to its former glory and transforming it from industrial to office use. The company also is seeking tenants for a…

New plan, player for tower: Facing deadline, developer hopes design shift lures buyers

January 24, 2005

Developers struggling to meet the pre-sale threshold for high-rise condos on the Market Square Arena site have tapped a Chicago firm to formulate a more marketable mix for the first phase. Mesa Development LLC is working with the team on a fee basis, said Terry Parrott, manager of Market Square Partners, which was chosen nearly a year ago to build twin 29-story, 225-unit condominium towers and 175,000 square feet of retail space on the four-acre site formerly occupied by Market…

Wild over wilderness: Alaska conservation effort keeps Galyan’s founder busy

January 24, 2005

But Galyan’s name still carries weight like one of his old store’s GoLite Gust backpacks. Galyan-thesalesman-turned-fund-raiser managed to attract 30 outdoorsmen last week to dine in a bistro that carved vegetables into unmanly shapes. Then he convinced them to fork over cash to help protect 40 million acres of land-in southwest Alaska. “I’m Pat Galyan, of former Galyan’s fame,” he told an audience that ranged from the CEO of a window company to a top-dog lawyer who told his tablemates…

Indy heart care offerings expand once again: St. Francis polishes cardiac and vascular center

January 24, 2005

Furniture movers and technology testers have taken center stage as St. Francis Hospital and Health Centers prepares to become the latest Indianapolis provider to flex its cardiac care muscle. On March 1, St. Francis will accept the first patient for a $70 million Cardiac Vascular Care Center addition to its south campus. The new center will include an operating room with the latest electronic connections to patient information among other selling points. One item it won’t provide is a conclusive…

STATEHOUSE DISPATCH: Daniels needs Dem. votes to pass budget measure

January 24, 2005

Lawmakers were treated Jan. 18 to what Hoosiers have quickly become accustomed to seeing from the new governor: a well-conceived strategy perfectly executed. Gov. Mitch Daniels, a Republican, delivered a compelling State of the State address, reminding the audience at the Statehouse-and in living rooms in all 92 counties-of the marching orders they gave him in November. He detailed the daunting but not insurmountable short-term problems Indiana faces, and outlined how bright he believes the future can be in just…

Indiana IPOs break out of recent slump: Kite Realty, Republic Airways, Adesa among 5 state firms to test public waters

January 24, 2005

Hoosier-based companies registered five initial public offerings last year, a robust number considering not a single Indiana business went public in 2003. The uptick could signal the state’s economy, as well as the nation’s, is on the mend. Nationally, 233 companies raised $43 billion collectively to go public on the major U.S. stock exchanges in 2004, a 195-percent increase in the number of IPOs over 2003. And the performance could be even stronger this year, said Richard Peterson, a market…

Stadium’s pathway not clear: CIB must make land deals with Comfort Inn, Hurst Co.

January 17, 2005

It’s up to legislators to approve whether and how the city’s proposed $900 million Indiana Convention Center expansion and stadium complex would be funded, but a handful of property owners that have title to land in the planned stadium’s path will also play a role in determining the project’s fate. The Marion County Capital Improvement Board is working with owners of the few pieces of property it still needs for the construction project and associated parking lots. CIB owns about…

Parking protest: Spurned operator questions airport contracting methods

January 17, 2005

The nation’s largest parking operator is complaining that Indianapolis International Airport canceled its joint-venture contract and handed the business to the local half of the venture without seeking competing proposals. Nashville, Tenn.-based Central Parking Corp. said that, given the chance, it would have offered the airport more to manage the Premier Business Class parking lot than its now-former partner, Global Parking System of Carmel, did. A counteroffer from Central came after the Indianapolis Airport A u t h o r…

BULLS & BEARS: Passive investors need to consider diversification

January 17, 2005

We think the argument for diversification rests with a decision to choose “passive” investing over “active” investing. So-called active investment management is found in mutual funds where managers are actively making decisions to buy or sell stocks and bonds. It also describes the investor who builds and manages a portfolio of individual securities. Passive management describes index investing. It amounts to an investor’s deciding he wants exposure to the markets but does not want to be bothered with selecting and…

Purdue, IU out to bolster their life sciences futures: Both universities invest millions in biomedical pursuits Grants help growth ‘A new kind of engineer’

January 17, 2005

Whenever Indiana and Purdue universities get together on the hardwood or the debate arena, the rivalry is intense. But as various public and private players around the state put on a full-court press for Indiana’s life sciences future, the schools have teamed up like a dynamic backcourt duo. The Scientist, a biweekly publication delivered to 75,000 people worldwide, in November ranked Purdue No. 2 and Indiana No. 10 on a list of “Best Places to Work in Academia,” based on…

ECONOMIC ANALYSIS: Slow, steady job growth certainly beats alternative

January 17, 2005

It’s good to have job growth in the U.S. economy once again, even if the monthly gains in employment reported by the Bureau of Labor Statistics occasionally fall short of some analysts’ expectations. After a long spell of minuscule job growth in the wake of a painful recession, we’ve grown used to disappointing announcements from the federal statistical agency responsible for tracking the labor market. But the recent report on the employment situation in December caps a year-long streak of…

Plan for psychiatric hospital revisited: Daniels team wants review of Larue Carter replacement

January 17, 2005

A plan to build a new state psychiatric hospital near the IUPUI campus might wind up back on the drawing board. The new administration of Gov. Mitch Daniels wants to take a hard look at the freshly minted proposal to build a replacement for Larue D. Carter Memorial Hospital off of 16th Street on the near-north side. The hospital currently occupies part of an old Veterans Affairs complex on Cold Spring Road. Last month, the state unveiled a plan to…

Downtown dining changes flavors: New year brings eatery moves, winner in chocolate war

January 10, 2005

A victor has emerged from the Monument Circle chocolate war, and the spoils go to the Indiana-based warrior. Rocky Mountain Chocolate Factory closed its store at 28 Monument Circle Dec. 31, leaving South Bend Chocolate Co.’s Chocolate CafÃ© next door as the Circle’s sole sweets source. The franchise’s closing is one of several changes afoot in the downtown restaurant scene. Coming attractions include an Oregonbased seafood chain and the return of local favorite Eh! Formaggio, which is shopping for a…

CHRIS KATTERJOHN Commentary: Avoid Florida-like snags on stadium

January 10, 2005

NAPLES, Fla.-As I entered the state of Florida yesterday, I remembered that just about a year ago I was at a meeting in South Miami where Florida Gov. Jeb Bush was holding court on economic development efforts. His pride and joy was a deal to bring the Scripps Research Institute to Palm Beach County on the state’s east coast. I wrote a column about it in our Feb. 9, 2004, issue. Bush and his team had lured the highly regarded…

Services of local plastics recycler sought after: Butler-MacDonald builds foundation for growth

January 10, 2005

The company that recycles high-resin plastic like the kind found in computers was attractive to other cities, but the two decades it spent developing a skilled work force and market here made cutting its roots difficult. Instead of moving across state lines, Butler-MacDonald last month moved across Park 100. Though the 80,000-square-foot facility is only 1,000 square feet larger than its former home, the new configuration allowed for nearly $1 million worth of upgrades in machinery and infrastructure. “We were…

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Articles

SUSAN WILLIAMS Commentary: Don’t overlook Benjamin Harrison Home

Broader Airport Authority sought: Bill would dilute mayor’s pull, give board 4 regional slots

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

BULLS & BEARS: Investors do well to avoid asset-allocation infatuation

Retail beginning to take hold on Michigan Road: Browning eyes 100 acres for retail or mixed-use

Partners bet on Capitol block: Shiel Sexton teams up with Gregory & Appel to redevelop old factory

New plan, player for tower: Facing deadline, developer hopes design shift lures buyers

Wild over wilderness: Alaska conservation effort keeps Galyan’s founder busy

Indy heart care offerings expand once again: St. Francis polishes cardiac and vascular center

STATEHOUSE DISPATCH: Daniels needs Dem. votes to pass budget measure

Indiana IPOs break out of recent slump: Kite Realty, Republic Airways, Adesa among 5 state firms to test public waters

Stadium’s pathway not clear: CIB must make land deals with Comfort Inn, Hurst Co.

Parking protest: Spurned operator questions airport contracting methods

BULLS & BEARS: Passive investors need to consider diversification

Purdue, IU out to bolster their life sciences futures: Both universities invest millions in biomedical pursuits Grants help growth ‘A new kind of engineer’

ECONOMIC ANALYSIS: Slow, steady job growth certainly beats alternative

Plan for psychiatric hospital revisited: Daniels team wants review of Larue Carter replacement

Downtown dining changes flavors: New year brings eatery moves, winner in chocolate war

CHRIS KATTERJOHN Commentary: Avoid Florida-like snags on stadium

Services of local plastics recycler sought after: Butler-MacDonald builds foundation for growth