Taliera Corp. plan to raise $60 million through an initial public offering was withdrawn March 27, but Taliera isn’t going
away. It’s simply trying a different approach. CEO J. Smoke Wallin said he and his team of eight beverage industry veterans
still believe their business plan is right.
Indianapolis hasn’t attempted to systematically catalog all its infrastructure needs since 1991. Back then, the Greater Indianapolis Chamber of Commerce collected a list of the most pressing local projects and presented it to Mayor Stephen Goldsmith. The price tag at that time: $1.1 billion. A lot has changed in the 16 years since the Chamber released its Getting Indianapolis Fit for Tomorrow report. Some problems it identified, such as the health risk of combined sewer overflows, have been partly addressed….
Last week, I was walking on the Statehouse grounds and I saw some folks with large green pins on their lapels. “What do those stand for?” I asked. “Small businesses need Electronic Gaming Devices” one wearer told me. “That’s for bars,” I commented. The reply I got was not friendly. In the newspapers and on TV during the same week, there were features about horse breeders “needing” more state subsidies from slot machines at racetracks to “keep the industry alive.”…
The U.S. Department of Justice’s highprofile, three-year investigation into price fixing in Indiana’s concrete industry resulted in one of the largest antitrust fines in history: $29.2 million against Greenfield-based Irving Materials Inc. The investigation might not be over yet. The DOJ seemed to conclude its Indianapolis inquiry last month, finally closing the criminal case. But a recent filing in a pending civil suit against IMI and its four former top executives hints the probe is continuing elsewhere. This time, IMI…
What do the Pyramids, the Great Wall of China and the Taj Mahal have in common? Each project was both designed and built by the same people. Basically, they were among the first design-build projects in history. What seemed like a good idea hundreds and thousands of years ago has been slower to take hold in modern times. These days, most construction projects are still completed by separate entities-one that draws up the plans and another that brings those plans…
Efforts to secure a mass-transit system for central Indiana are moving ahead. But not rapidly. Several mass-transit bills are pending in the General Assembly-including one requiring the Indiana Department of Transportation to study building a rail system from Indianapolis to Muncie, and another encouraging development of mass-transit systems across the state. But neither is likely to result in immediate funding for a system serving Indianapolis commuters. Local mass-transit advocates still are a long way from winning over lawmakers and others…
The Indianapolis Airport Authority has tapped Mansur Real Estate Services Inc. to develop a $50 million-plus Westin hotel
at the new midfield terminal. But the hotel’s final design may be one submitted by a former competitor, White Lodging Corp.
of South Bend.
The final piece of a decade-long redevelopment of Fort Benjamin Harrison would give Lawrence a new downtown with shops, offices and public plazas mixed among as many as 1,000 condos, townhouses and apartments. The Fort Harrison Reuse Authority hasn’t settled on a name yet for the 88-acre project, but the quasi-governmental group’s board is expected to approve zoning updates this month that pave the way for the project. Public meetings will be held in March and April, and the first…
I love summer. Especially June, when you know you have months of great weather left. Of course, there always are people who complain. There is always the possibility of a few bad storms now and again, but with a slight perspective on the calendar, you know how much time you have left before the cold. Too bad the stock market is not like the seasons. But in a way, it can be looked at from a weatherman’s perspective. His record…
After our Valentine’s Day wedding, my bride and I took a few days off for a brief New York City honeymoon. We walked nearly everywhere, used public transportation when we wanted to go farther and bought our food and drink in jam-packed, smoke-free restaurants and bars (the only kind there are in New York, thanks to a several-years-old, levelthe-playing-field, smoke-free workplace law). I liked being able to dine anywhere and everywhere with clean indoor air. I liked the exercise from…
Since World War II, strong public policies and economic conditions have led to booming homeownership in America, and rapid expansion of a great highway transportation system has accelerated our country’s suburbanization. We all know the story; we are participants. In the 1960s, it was often referred to as the American Dream. Although never specifically defined, the American Dream always included having a family, a reliable (maybe even cool) car, a nice home of one’s own, and the freedom to work,…
Downtown developments soon will come under extra scrutiny, once new design guidelines are approved in the spring. Known as Urban Design Indianapolis, the process of developing the criteria fell on the shoulders of several groups: the Department of Metropolitan Development, Historic Landmarks Foundation of Indiana, Ball State University’s architectural school and the Urban Design Oversight Committee. The intent is not to mandate to developers that their buildings meet certain design standards, but rather that the cosmetics coalesce with the existing…
In 2006, $645 billion was sunk into real estate investments across the globe, according to a recent Cushman & Wakefield report. Of that, $187 billion was sent across borders to invest. And companies everywhere are chasing the most cost-effective spots to locate factories and needed hubs for office space. With all that cash changing hands, several locally based companies have made sure they’re positioned to help play a part. Take Indianapolis-based HDG Mansur, for example. In the field for 25…
Indianapolis airport officials are considering building a smaller version of FedEx’s 2-million-square-foot hub here, one
that could accommodate several cargo carriers from around the globe. The “international air cargo facility” could be up to
several hundred thousand square feet large and could cost tens of millions of dollars to build.
Brightpoint Inc. shares have shed 60 percent of their value since April 2006. But the distributor and logistics provider for the wireless phone industry continues to turn a tidy profit, and in recent months has cut a flurry of deals that bode well for the future. Don’t think the nation’s private equity fund managers haven’t noticed. Flush with billions of dollars to invest, they’re poring through spreadsheets in search of undervalued acquisition targets. So no one should be surprised that…
After 30 years in the forensic-engineering business, Wolf Technical Services Inc. has analyzed everything from deadly car crashes to patent infringement. Now, Indianapolis-based Wolf is hoping to diversify into a new area: federal defense contracting. It’s a field local corporate leaders hope Indiana will tap much more frequently in the years to come. “We don’t quite know at the moment where this could lead,” said Wolf Director of Client Relations Joseph Ward. “And that’s the fun part.” The 30-employee Wolf’s…
I was taught economics, and in particular, the subject of public finance, by a faculty dominated by old Kennedy Democrats. A lot of that teaching has rubbed off or has simply been forgotten. Much of it also could be dismissed as idealism, a sort of ivory-tower thinking not relevant to the real world. Yet as I scan and digest the various tax proposals now in front of the Indiana General Assembly, several of those old lessons keep coming to my…
Only road contractors, Ruth Reiman and the Devil himself are welcoming interstate reconstruction that could cause mass chaos for east-side commuters this year. For Reiman and her team at Central Indiana Commuter Services, the $175 million Interstate 70 project starting Feb. 25 might be the best recruiting tool since stratospheric gasoline prices a year ago. “I’m just waiting for them to hit the first lane closure,” said Reiman, executive director of federally funded CICS. CICS-rhymes with kicks-hopes to lure lone…
If you find yourself in need of advanced medical care, the Indianapolis area represents one of the best places to live. Superb resources at the nationally ranked Indiana University Hospital, St. Vincent, the Riley Hospital for Children and a whole host of other Indianapolis based medical facilities will effectively meet the challenge of providing worldclass health services. But if you live or work outside the capital city, securing life-saving services may be a different matter. The last national census disclosed…
One of the nation’s most prominent aviation schools is giving Indianapolis another chance. After withstanding a plunge in enrollment, Embry-Riddle Aeronautical University is adding five degree programs at its center here, with most of them aimed at careers outside the turbulent commercial aviation sector. It also plans to expand beyond its local student base of mostly working adults to court recent high school grads. Though in Indianapolis for 13 years, Embry-Riddle has had all the profile here of a stealth…
