Articles

SPORTS: IU getting it right where tailgating is concerned

My alma mater, Indiana University, has taken its share of licks in recent times. In fact, I’ve used this space to throw some of the punches. But its recent decision-coinciding with the start of football season-to try to oust the party animals from the jungle just south of Memorial Stadium on game days was prudent, correct and too long in coming. This, folks, has been a human and legal calamity waiting to happen. The “jungle” is a park-like area across…

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Katrina could complicate sale of Emmis TV station: Undaunted, New Orleans WVUE begins to rebuild

WVUE-TV Channel 8 in New Orleans has no transmitter, no offices, little functional equipment and a skeleton staff. The station owned by Indianapolis-based Emmis Communications Corp. also has no paying advertisers and a depleted audience, thanks to Hurricane Katrina. The devastation wrought by one of the nation’s worst natural disasters puts plans to sell the station on hold as WVUE officials survey the millions of dollars in damage to their facilities and equipment and fight to get back on the…

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United Way campaign facing dual challenges this year: Onetime gifts, charitable response to Katrina devastation complicates already-complex fund drive

It’s never easy for United Way of Central Indiana-raising money seldom is. But this year, organizers went into the annual fund-raising drive with an additional challenge: replacing $1.5 million in one-time donations that helped get the 2004 campaign to its $36.6 million goal. Their task is complicated by the fact that this year’s effort started just as the philanthropic response to Hurricane Katrina kicked into high gear. Americans have given nearly $1 billion to disaster relief already, and the impact…

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Attorney: Heiress opposed big gifts: Deposition says Lilly upset when arts groups got $185M

Ruth Lilly garnered headlines around the globe in 2002 after an Indianapolis judge approved a new estate plan for the heiress that earmarked an estimated $185 million for two tiny arts organizations, the Chicago-based Poetry Foundation and Washington, D.C.-based Americans for the Arts. Now, in a newly public deposition, Lilly’s personal attorney, Tom Ewbank, charges his client was opposed to the large bequests and instead had wanted to funnel more of her billion-dollar estate into her own foundation, for the…

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Interest high for soon-to-be-shuttered foundry: Size, location make redevelopment promising

When the workers at DaimlerChrysler Corp.’s Indianapolis Foundry clock out for the last time at the end of the month, they’ll leave behind 756,000 square feet of factory space, tons of equipment, and more than 52 acres of industrial land on the city’s west side. Rather than becoming a rusting industrial relic along Interstate 70, however, the buildings will be razed and real estate experts expect the land will soon find a new use, albeit likely not for a factory….

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INVESTING: Price controls are not the answer to fuel woes

The cries for rationing are getting louder. About 4 percent of America’s daily oil consumption was taken out by Hurricane Katrina. It will take months to get this supply back, and gas prices at the pump showed immediate reactions. Now with gas over $3 a gallon almost everywhere in the country, some politicians are telling the government to establish price controls and actually take control of the supply chain. The horrors we put ourselves through during the Nixon administration when…

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IPS seeks property swap: School district will trade prime Mass Ave land if deal is right

But an unusual component of the soon-to-be-released request for proposals by Indianapolis Public Schools, the property’s owner, has many wondering if anyone has what it will take to win the coveted piece of real estate. What it’ll take is the offering of a replacement facility where IPS can move its central transportation facility and other school district operations. “That’s the general concept,” said SteveYoung, chief of facilities management for IPS. “We’re not looking to sell it. We would have to…

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ECONOMIC ANALYSIS: Façade of confidence saves us from anarchy

You may not know this, but every banker and policymaker does. If every one of us got out of bed tomorrow morning, drove to our banks or financial institutions, and tried to withdraw our money, the system that seems so solid today would suffer a complete collapse. The same thing would happen to the electrical grid if every device that could draw power were switched on at once. In fact, if every one of us decided today to fill up…

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Storm’s local impact mixed: Katrina’s aftermath will take toll on business, but rebuilding efforts might offer opportunities

Hurricane Katrina will be both a curse and a blessing to Indiana companies, which will cope with higher fuel costs and shipping problems but find themselves awash in opportunities to sell materials and machinery for rebuilding Gulf cities. Besides weathering the immediate impact of higher fuel prices, Hoosier firms will pay more for a range of goods, because of the trickle-down effect of higher shipping costs. “Our biggest concern continues to be on the ever-increasing cost of fuel. That’s s…

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SPORTS: Championship contenders bring out Mr. Softee

My friend, the young radio sports talk show host, tells me I’ve become Mister Softee. He says I have lost my edge. He wonders why I don’t rattle cages like I used to. He says the Indianapolis Colts have to win the Super Bowl this year, and anything less should be considered an abject failure. And I say, poppycock. He says winning a championship is the only measurement of success in professional sports. And I say, baloney. He says if…

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INVESTING: Strong stocks in strong industries have greatest promise

Let’s get ready to make some money. I know the cocktail party talk is still centered around the crazy real estate world, but nothing beats the stock market if you know where to go. A lot of investors bought into the media hype about selling in May and going away. This easy-to-remember phrase has resonance because, over the last 50 years, stock market performance has been better from November through April than May through October. As an investing strategy, however,…

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Contractors work to resurrect historic church: Buggs Temple being rebuilt from inside out into entertainment venue

When a team of developers took on the renovation of downtown’s Buggs Temple in fall 2003, most windows in the historic church were missing, the roof was riddled with holes, and much of the sanctuary floor was in the basement. Almost two years later, it’s difficult to gauge the progress of the project by sight. The floor is entirely gone, as are the balcony, the doors and the few windows that remained. In that time, however, the building on West…

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VOICES FROM THE INDUSTRY: Proper stormwater management saves money in long run Property owners should consider alternative methods for site development

To save themselves from unforeseen trouble down the road, buyers of site-development and buildingdesign services would be wise to consider the joint efforts of an experienced architectural firm working in tandem with an environmental consultant. The reason is fairly simple: Architects are trained to have knowledge in so many diverse and ever-changing subjects that the singular expertise of an environmental consultant can provide significant support in an area still quite new to many designers. While working with restrictive rules and…

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City’s mall gamble paid off: After 10 years, Circle Centre at core of rejuvenated downtown

In February, Goldsmith suspended construction while he and advisers analyzed options. Within months, he gave Circle Centre the green light, and construction resumed-but not because he was convinced the project would succeed. “In the end, we decided job creation in the urban core and the psychological survival of the city were dependent on some development occurring downtown,” recalled Goldsmith, now a professor at Harvard University. “We went forward with the mall with great anxiety.” Today, 10 years after the September…

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IPS building consensus before building: So far, seeking input from neighbors has avoided major legal fights during $832 million construction program

A plan to renovate School 57 in the eastside Irvington neighborhood might require the demolition of three nearby homes whose owners welcome the idea. That is in stark contrast to the Meridian-Kessler residents who vehemently opposed a proposal earlier this year that could have taken three houses to accommodate the expansion of School 84. But in both instances, Indianapolis Public Schools is likely to avoid invoking eminent domain powers to forcefully acquire the properties. In doing so, the school corporation…

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Indianapolis responds to Katrina devastation:

Local philanthropic response to the epic disaster was almost immediate. Television and radio stations alike urged central Indiana audiences to make donations at dozens of collection sites, and the Salvation Army’s Indiana Division broke out its red kettles to help. The corporate community also responded. Gifts made by IBJ’s deadline include: Indianapolis-based Eli Lilly and Co. said it will contribute $1 million to the American Red Cross and match all contributions made by its U.S. employees. Lilly also will give…

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Ethanol fuel pumps may debut here by ’06: Still no place for the masses to buy E85, despite interest in the alternative to gasoline

Even though Indiana is one of the nation’s biggest growers of corn-the key ingredient in cheaper-than-gasoline ethanol-not a single ethanol pump is available to the average motorist in the Indianapolis area. That twisted irony in a day of record gasoline prices may soon be no more, with a handful of central Indiana gas stations likely to start offering an ethanol alternative-known as E85-by yearend, according to proponents of the fuel. “I hope by Christmas to have a couple in the…

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Student teachers get taste of urban schools: Ball State lets future educators spend semester in IPS

For many students majoring in education at Ball State University, thinking about teaching in an urban elementary school conjures up images of unruly students, apathetic parents and old, rundown buildings. These and other similarly negative perceptions are generally inaccurate, say BSU educators, but they are gathered in surveys conducted each year. So the BSU Urban Semester Program places students in an Indianapolis Public School for 16 weeks in the hope they acquire more positive-and accurate-images. “We find students have horrible…

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SPORTS: Life lessons revealed on a nine-hole golf course

I received the best golf lesson of my life recently, and it didn’t cost a dime. My instructor didn’t work on my grip, my stance or my posture at address. He didn’t tell me to keep my head down, my left arm straight or to turn my hips toward the target. We didn’t talk about fluffy, plugged or tight lies. We didn’t talk about reading putts or reading divots. We didn’t work on driving, long irons, short irons, wedge play…

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IU makes pigskin promotional push: New coach, aggressive advertising are part of multi-prong strategy to escape financial hole

The Indiana University Athletic Department is intent on reaping financial rewards from its football program for the first time in more than a decade with a marketing campaign built around its affable new coach, Terry Hoeppner. IU officials said they will spend nearly as much on marketing the school’s football program this year as on Hoeppner’s $250,000 base salary. Bolstering football attendance is a critical step toward stopping financial hemorrhaging in the school’s Athletic Department, IU officials said. In 2004,…

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