A 2005 study for the state says an outer highway loop-like the one Gov. Mitch Daniels proposed Nov. 9-would reduce traffic northeast of the city, potentially splashing cold water on a rapid transit plan. But supporters aren’t backing down.
The rebuilding of Interstate 70 between downtown and Interstate 465 six miles to the east, starting in February, threatens to devastate a part of town already struggling economically, businesses and community groups warn.
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…
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…
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…
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…
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…
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.
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…
A NASA database shows how airfield mistakes that contributed to a runway crash at a Kentucky airport also occur here, although the number of "surface incidents" has declined in recent years, thanks largely to improvements to taxiways.
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.
CORPORATE RELOCATION Making the right move For companies planning a relocation, months of preparation are often in order Employees of Aprimo Inc. are settling into their new digs at Parkwood Crossing after the fastgrowing marketing-softwaremaker moved its headquarters early last month. While the building may be different, the surroundings are quite familiar. The company remains in the same office complex, albeit across College Avenue from its previous space. But don’t tell Dani Hughes, Aprimo’s human resources representative who coordinated the…
Mention a career in motorsports to most youngsters and they imagine whizzing around the track like NASCAR’s Tony Stewart or Sam Hornish Jr., points leader of the Indianapolis Racing League. But a partnership between Indianapolisbased Panther Racing LLC and Decatur Township Schools wants to introduce students to more practical professions within the sport by providing the resources in a hands-on learning environment. The result is the Panther Education Center, set to open next fall near the racing team’s headquarters at…
Geopolitical instability and increasing worldwide demand for fossil fuels have caused high energy prices. Indiana tax policies in support of the creation of ethanol and biodiesel production facilities are part of an effort to help wean our transportation infrastructure from fossil fuels. While ethanol may be a poor alternative to fossil fuels, Hoosier entrepreneurs’ and policymakers’ efforts in this area reflect a broad awareness that we need a sensible, comprehensive energy policy. A corollary to $3-per-gallon gas is increasing home-heating…
We’re about to pave a small neighborhood park so that patrons of a bar in a government building will have a place to stash their cars while they drink. What better time than now to revisit a couple of previous columns about urban design? (More on the playground later.) Back in May, I wrote about local entrepreneur Tom Battista’s work to restore commercial life to the 800 block of Massachusetts Avenue and what’s left of the 900 block. The 900…
In the 1980s, Jim Massey was one of Indianapolis’ top bankers. Now, he finds himself in bankruptcy court, the latest former Conseco Inc. director to fall victim to the company’s hardball loan-collection tactics. The Carmel-based insurer last month filed an involuntary bankruptcy petition for Massey, 71, the former president of Merchants National Bank. “It is just another forum to try to bring an expeditious conclusion to the problem,” said Reed Oslan, a partner with the Chicago law firm Kirkland &…
State officials have added another arrow to their quiver of economic-development incentives meant to attract companies to Indiana. A new pilot program, known as Shovel Ready, certifies land that can be rapidly developed. The aim is to make the properties more attractive to companies by cutting the time it takes to navigate the permitting process. “The ability to expedite a company’s development will make us more competitive than perhaps we have been in the past,” said Chris Pfaff, director of…
One of the staples of a bear market is the futile attempt investors make to rationalize why they are staying invested. (This happens, of course, until it is far too late to do anything about remaining in the market). After the June 14 market low, one of the common rationalizations I heard was that the Dow Jones Transportation Index was nearing an all-time high. But like visions of a dying man wandering in the desert, it turned out be another…
I’m starting to get a bad feeling about the Orange County casino project. Truth be told, I’ve had the bad feeling for a long time, and now it’s getting worse. The latest blip on the radar in what has been a challenged project from the get-go is the contentious legal battle that has surfaced between the two partners: Bob Lauth of Lauth Property Group and Bloomington billionaire Bill Cook. I guess that’s not that unusual. Ed Feigenbaum, publisher of Indiana…
No matter how many bold and italicized words scholars cram into textbooks, nothing compares to students rolling up their sleeves and testing a theory themselves. For years, Indiana University’s Kelley School of Business has offered its Bloomington MBA candidates real-world experience through so-called “academies” focused on specific industries. Now Kelley Indianapolis’ evening MBA program is set to launch a scaled-back version for its students. This fall, it will offer three such “enterprise” programs, including one with an entrepreneurial emphasis. The…
