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A business-friendly approach: New insurance boss hopes to speed approval process, attract firms to state

Jim Atterholt may not have been the governor’s top choice to lead the Indiana Department of Insurance. But the former state representative who has dedicated his career to public service is no consolation pick, either. Those who know the 43-year-old Atterholt say his calm demeanor and his sharp people skills should serve him well in his new role as an administrator. He took the helm as commissioner Feb. 22, about a month after Harold Calloway declined the appointment. Atterholt since…

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

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,…

ECONOMIC ANALYSIS: Expect more rate hikes by the Federal Reserve

If the Federal Reserve’s steady diet of interest rate increases is giving you or your business indigestion, I’ve got a suggestion for you-get used to it. The inflation winds in the U.S. economy are whipping up like they haven’t in almost a decade, and it’s up to our central bank to do something about it. We learned a few years ago that rapid advances in technology and globalization didn’t make the national economy recession-proof, as some foolishly boasted. It looks…

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

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…

June conference to highlight historic local landscapes: Oldfields, Garfield Park, Riverdale among sites on tour

Marian College will act as host for Hidden Treasures of Indianapolis, a conference scheduled for June 9-11 at the northside college and sites around the city. The first-ever conference of its kind locally will offer lectures and tours of some of the city’s historic landscapes, which were designed by some of the pre eminent landscape architects of the early 20th century. Tours available to attendees include a driving tour of George Kessler’s Parks and Boulevard System, which is at 3,474…

VOICES FROM THE INDUSTRY: Well-designed buildings shouldn’t forget security

The recent 10th anniversary observance of the bombing of Oklahoma City’s Alfred P. Murrah Federal Building by a domestic terrorist is once again a reminder to all of us in architecture-and all those who buy our services-that security has become more important in many cases than esthetics and efficiency these days in building design. We also are reminded by the events of nearly four years ago, when foreign terrorists used commercial aircraft as guided missiles to level the World Trade…

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

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…

EYE ON THE PIE: Indiana needs action, not analysis

Indiana and other states have economic incentives for businesses. We try to attract new businesses, to keep businesses here, and to encourage existing businesses to expand. Yet we do not feel sufficiently successful. Often, we are told that our failing is the inadequate development of entrepreneurial firms. The guys and gals with bright ideas just don’t get going in Indiana. Does our culture stifle creativity and the innovative spirit? Do our institutions make us docile and repress our flowering potential?…

NOTIONS: An idyllic day dressed in ‘Blue Velvet’

Years ago, my wife and I registered our sons, Austin and Zach, for the Bank One 500 Festival Rookie Run. In what became an annual tradition, we’d drive the boys downtown early on the appointed Saturday in May, pick up their T-shirts and racing numbers, and wait for their age group to be called. At the appointed hour, Austin and Zach would line up with scores of other kids, run a few blocks up and back Meridian Street, and receive…

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

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,…

INVESTING: To ensure economic growth, we must look to Europe

I don’t like that we allow our government to have so much control over our fortunes, but it is the reality we live in. Most Americans would benefit from a long-term, generally rising stock market, so with that in mind, I am going to propose an idea that can contribute greatly to a steadily rising American market. This proposal comes from a notion the 200-year track record of generally rising stock prices in this country is in danger. We have…

Staff departures don’t derail IRL’s marketing efforts:

Despite the departure of two key marketing directors, the Indy Racing League has continued full throttle with its initiative to raise drivers’ profiles. Director of Driver Marketing Chris Bowers and Director of Brand Marketing Jayme Sabo departed earlier this year. That leaves two of the four director positions in the department vacant. John Griffin, Indy Racing League vice president of public relations, insists the departures are not a sign of instability in the series’ marketing ranks. “I don’t think it…

BEHIND THE NEWS: Big investors turn up heat on tiny Century Realty

Big money from the coasts has been pouring into one of the nation’s most obscure publicly traded real estate companies-India n a p o l i s – b a s e d apartment owner Century Realty Trust-helping to propel the sleepy stock more than 50 percent higher over the past year. Here’s a sure bet: The investors didn’t become interested because they’re suddenly enamored with 74-year-old Chairman Jack Bradshaw’s slow-and-steady management approach. Quite the opposite, says one of the…

HIGHER (cost of) EDUCATION: Students’ college burden continues to rise in Indiana

With state funding flat and operating expenses rising, Indiana’s public universities are turning to a familiar source to make up the difference-students. Tuition and mandatory fees at state institutions are set to climb an average of 5 percent next school year and higher in 2006-2007, if proposed rates stand. That’s a far cry from the double-digit increases most universities imposed just a few years ago, but observers say it’s worrisome nonetheless. “Tuition has been rising at twice the rate of…

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

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…

VIEWPOINT: Our future is in good hands of our youth

Earlier this month, as I dispensed diplomas and handshakes in my final undergraduate commencement as a university president, I was struck by the realization that the optimistic parade of young people passing across the stage began their college experience under a shadow large and ominous enough to swallow all hope. The terrorist attacks of Sept. 11, 2001, unfolded when these young men and women were fresh out of high school and barely settled into their residence halls-many of them far…

BULLS & BEARS: Using investors’ cash well belies parking-it theories

When it comes to four-letter words, “cash” is perhaps the most despised in the investment business. Investors are regularly counseled to “remain fully invested at all times.” There even is an industry adage that “cash is trash.” The primary case against holding cash rolls off the tip of advisers’ tongues like a Buddhist chant: “You can’t time the market.” Industry marketing pieces show that if you were out of the stock market on its best-performing days over the years, your…

Firm eyes national growth following design merger: CSO SchenkelShultz could bring more offices into fold

The two design firms joined forces to become CSO SchenkelShultz and consolidated more than 100 employees at the north-side office CSO previously occupied by itself at Parkwood Crossing. The combined firm might become much larger, however, if a long-term plan unfolds to bring more locations under the umbrella. Based in Fort Wayne, SchenkelShultz has nine remaining locations in Indiana, Florida and North Carolina separate from the merged office in Indianapolis. The merger could be a first step to a deeper…

No slots, no hope for tracks: State horse racing industry predicts continuing losses without gambling expansion

After taking what they said was another damaging blow in this year’s General Assembly, the state’s two parimutuel horse racing tracks said they’ll survive 2005, but they guarantee little else. Gov. Mitch Daniels and other key lawmakers killed a bill that would have allowed landbased slot machines in Indiana and generated new revenue for Hoosier Park, Indiana Downs and horse breeders. With those hopes sunk, the track owners are pessimistic and breeders are moving out of state, taking with them…

State remains vigilant on military base closures: Protecting jobs could still be tricky; Base Realignment and Closure process to conclude by year’s end

Historically, the vast majority of the military’s initial Base Realignment and Closure recommendations are included in the final cut. Even so, Indiana can’t afford to let down its defenses yet. “We’re still very much on this case, and are going to stay that way through the end of this process,” said John Clark, Republican Gov. Mitch Daniels’ senior adviser for economic growth. “We’re going to remain vigilant. These were recommendations, not conclusions.” For years, Indiana’s political leaders and economic developers…