Articles

INVESTING: No need to fret over sputtering transport stocks

Recent weakness in a major U.S. stock index has some experts and investors calling the bear out of hibernation. The Dow Jones Industrial Average probably is more closely followed than any other market indicator in the world, but the index creating the stir is the Dow Jones Transportation Index. The creator of these indicators, Charles Dow, saw them as a means to get a quick understanding of the general economic conditions in America. Today, market analysts combine the two into…

Read More

Payne blazed Cultural Trail:

Inspiration struck Brian Payne in 2001 while he was walking the Monon Trail. He remembered a conversation in which city officials lamented that downtown streets were too wide and cars moved too fast to allow much of a pedestrian connection town’s top attractions. between down- His brainstorm: Eliminate lanes of traffic and build a path-creating an amenity that could become a destination in itself. Payne, president of the Central Indiana Community Foundation, began telling everyone he knew about the idea….

Read More

EYE ON THE PIE: It is time to accept I-69 and move on

I don’t want to write this column; you don’t want to read it. Yet, I must respond to the diehards who insist that building Interstate 69 (and almost any other road) will be detrimental to our state. Several economic and environmental studies support the Bloomington-Crane-Washington-Petersburg route to Evansville. Yet, time after time, supporters of the Terre Haute-Sullivan-Vincennes-Princeton route rise up and demand a reconsideration of the path. The Terre Haute crowd is afraid it will lose something if the Bloomington…

Read More

VIEWPOINT: The Commerce Connector in perspective

As one who navigates the tangle of roads at interstates 69 and 465 frequently, my first reaction to the proposed Indiana Commerce Connector was positive-anything to relieve that mess. Looking at a map and considering, for example, a more direct connection between inter states 69 and 70 east of the city seems to make perfect sense. There are many questions to be answered, however, before the state should make a commitment to it. In considering such a major project, it…

Read More

Residents say safety is a growing concern: Survey: Fewer feel comfortable downtown after dark

Most central Indiana residents feel safe in downtown Indianapolis when the sun is out, but remain leery of the city at night, according to a study by the IUPUI Department of Tourism, Conventions and Event Management. The annual study, which is designed to gauge the impact of cultural tourism on quality of life, gives the city high marks overall in areas ranging from cultural attractions to cleanliness, public transportation to parking. But it also shows the city has more work…

Read More

EYE ON THE PIE: ‘Tis the season for economic foolishness

This is the best time of the year. Thanksgiving is over and the signs of Christmas have yet to bore us. All the truly crazy people have identified themselves by shopping on the days immediately following Thanksgiving. New and old ideas are blossoming for consideration by the Indiana General Assembly. Gov. Mitch Daniels has given us the Commerce Connector, a nifty addition to our highway road map. This would be a new outer loop around Indianapolis, serving Greenfield, Shelbyville, Franklin…

Read More

Doors still closed on Hamilton County bus service: Local officials continue to nail down preferred routes

Bus service to Hamilton County won’t begin this year, as some commuters and planners had hoped. But the 10-month reconstruction of Interstate 70 across Indianapolis’ east side, starting in February, could push the accelerator to get service started. “I’d certainly hope so ….The work on I-70 is probably going to make the commuters’ ride a little tougher,” said Gary A. Huff, town manager of Fishers. It was another interstate project, the 2003 Hyperfix of the interstates 65/70 split downtown that…

Read More

ECONOMIC ANALYSIS: Daniel’s toll-road plan futuristic, not dated

Is building roads innovative? Some reactions voiced in the wake of the Gov. Mitch Daniels’ proposal to build a 75-mile beltway around the east and southern quadrants of central Indiana say no. Outer belts, it is said, are a mistaken product of 1960sera thinking, robbing growth from central cities and helping create the faceless suburban landscape that surrounds so many major cities today. Innovative thinking on transportation, one might say, would embrace new technology and get us away from the…

Read More

Schools warm to economic development: Colleges crank out programs to fit latest initiatives

Academic purists often hold contempt for politicians and executives seeking help with economic development initiatives. It doesn’t take a political science degree to wonder if someone is trying to stoke votes, ambitions or profits-on the cheap. But in Indiana, more colleges are tailoring their curriculum to support economic development priorities, realizing what’s good for the region can be good for their enrollment. “An increasing number of universities don’t view themselves as ivory towers anymore,” said Uday Sukhatme, executive vice chancellor…

Read More

BRIAN WILLIAMS Commentary: Indy is ready (and waiting) for rapid transit

A new survey demonstrates yet again that community leaders recognize it is time to fix traffic congestion, improve air quality, reduce aggregate fuel use and enhance area accessibility. The study was taken last summer of 377 members of the Lacy Leadership Association, a group of local opinion leaders, by Walker Information, a local market research firm. More than 90 percent of survey respondents indicated that rapid transit is an important component of the solution to these problems. In addition, respondents…

Read More

Techpoint’s new leader sees room to grow: Indiana making progress, but could do better, he says

Techpoint, a locally based technology trade group that represents the interests of about 330 members statewide, is undergoing a transition in leadership. Jim Jay, 37, has been named interim CEO following the resignation of Cameron Carter, who has led the organization since 2003. Directors should begin a formal search for a permanent replacement the first of the year. Whether Jay lands the top job remains to be seen. But in the meantime, the Butler University graduate with an entrepreneurial spirit…

Read More

NaClor picks spot for $40 million plant: South-side parcel considered for chemical factory

Backers of a proposed $40 million Indianapolis chemical plant are eyeing a south-side parcel near White River, but neighbors worry fumes from the facility will drag down property values nearby. In the spring, local economic development groups trumpeted Indianapolisbased NaClor Inc.’s decision to build the plant here. In return for the 53 new jobs-making bleach and other chemicals used in soaps, detergents and water quality treatment-the state promised $2.8 million in tax cuts and training grants, and the city offered…

Read More

Developer has big plans for long-vacant drive-in: N.Y. firm has 93-acre Lawrence site under contract

A 93-acre former drive-in south of the former Fort Benjamin Harrison has sat vacant since the theater closed in 1993. But now a Rochester, N.Y., developer has agreed to buy the property and envisions building retail space plus either a light-industrial business park or a medical campus. If it comes to pass, the large development could kick-start Lawrence’s efforts to revitalize struggling portions of Pendleton Pike. Norry Management Corp. has had the land under contract since spring and is preparing…

Read More

ATA flies closer to black: Airline doing better, but doesn’t plan to resume local service

ATA, the incredibly shrinking airline that once was the busiest at Indianapolis International Airport, appears to have shrunk in a favorable category-its financial losses. The Indianapolis-based carrier that ended scheduled service here in January had a loss of $5.27 million in the second quarter, according to data compiled by the U.S. Department of Transportation. Now privately owned, ATA Holdings Corp. lost $26.3 million during the second quarter in its domestic operations, according to DOT. But it earned $21 million in…

Read More

Kite, Mansur, White pitch airport hotel

Three developers are vying for the chance to build a four-story, 250- to 300-room hotel connected to the new $974 million midfield terminal and garage at the Indianapolis International Airport.

Read More

EYE ON THE PIE Morton Marcus: Stats born of self-interest not worth the trouble

When I arrived at Indiana University in 1970, we had many copies of a 1966 projection of Indiana county populations sitting in file cabinets. Most state and local agencies also had these projections sitting about. Some used them for doorstoppers. After all, they were thick with details for age and sex in each county going out about 30 years, to a distant point in the 1990s. Once the 1970 census was released, Bob Calhoun of the State Board of Health…

Read More

Biofuel plans have suppliers stoked

Indiana’s plan to become the Middle East of biofuels could be a boon well beyond the rural towns that will welcome more than a dozen refineries . Firms that make and supply parts and expertise needed to build the $1.8 billion in ethanol and biodiesel plants–and related infrastructure–are gearing up.

Read More