Indianapolis Business Journal articles from April 2006

Indianapolis Business Journal archives from April 2006

Brand balances big bucks and books: NCAA chief: boosting revenue not out of sync with education.(sevices of National College Athletic Association )
April 3, 2006... NCAA President Myles Brand leads a not-for-profit that serves amateur student-athletes, but he uses a business model critics say is obsessed with big money. Brand's seemingly disparate interests--academics and the multimillion-dollar...

Colossal hotel pitched: $250m project features water park, 1,350 rooms.(about rooms in hotels)
April 3, 2006... A development team this week plans to submit a proposal to the city to build a $250 million, 1,350-room hotel complex downtown on a site where a 235-room Courtyard by Marriott now stands. The project, just south of the entrance to White...

Amli selling-off its local apartments: sale to Morgan Stanley prompts real estate firm to unload 6 multimillion-dollar complexes.
April 3, 2006... One of the biggest owners of Indianapolis apartment complexes will soon be all but erased from the landscape, as Chicago-based Amli Residential Properties LP prepares to sell six of its seven properties. Two of the complexes, Amli at Lake...

Clarian plans training center: Doctors, nurses to sharpen skills in $44 million building.(building of training centers)
April 3, 2006... A team led by Clarian Health Partners will add a $44 million training center to the cluster of life sciences businesses taking root around the Central Canal on the northern edge of downtown. The Indianapolis hospital network recently filed...

Ready to explode: state's new fireworks law has retailers predicting their sales will skyrocket.(Industry overview)
April 3, 2006... Indiana's fireworks industry officials say their business is about to explode faster than a gas-soaked cherry bomb, thanks to a new law that makes it legal to ignite bottle rockets and Roman candles in back yards. And best of all for retailers,...

City gives cultural trail green light; long-anticipated project could cost $35m to $42M.
April 3, 2006... Mayor Bart Peterson has given the final go-ahead to a proposed cultural trail that will connect the city's six cultural districts. The long-discussed trail will loop through downtown and cost $35 million to $42 million. Ali the money will...

IMG faces licensing woes in Sunshine State; Florida regulator denies application over policy sales; Indianapolis firm blames paperwork snafu.(International Medical Group Inc.)
April 3, 2006... Indianapolis-based International Medical Group Inc. has incurred the wrath of Florida regulators who accuse it of trying to sell policies in their state without a license. However, an IMG representative says the allegations stem from...

Shrinking neighborhood in path of Lilly's progress: drugmaker offers to buy rest of Little Valley homes.(Eli Lilly and Co.)
April 3, 2006... It's called Lilly Valley for a reason. The official name of the modest neighborhood on the near-southwest side is Little Valley, but many people call it by the name of the pharmaceutical giant looming nearby. Eli Lilly and Co. has been...

Indiana Sports Corp. expands youth initiative: John Byers hired from Tabernacle Presbyterian to lead effort to address health issues of city's children.
April 3, 2006... After more than 20 years heading up one of the biggest youth sports programs in Indianapolis, John Byers is leaving Tabernacle Presbyterian Church to help Indiana Sports Corp. play a bigger role in improving the health of Hoosier children. ...

National City Center to get $11 million facelift: projects include new Starbucks and restaurant.
April 3, 2006... National City Center and anchor tenant Hyatt Regency Indianapolis plan to pump more than $11 million into the aging, 16-story building to boost its competitiveness with other downtown towers. The plans might grow to include connecting the...

IU's new coach deserves chance.(EDITORIAL)(Indiana University)(Editorial)
April 3, 2006... Indiana University has more than 481,000 alumni worldwide, including 240,000 living in Indiana. Chances are most of them have mixed feelings about the school's new men's basketball coach. And there are some good reasons for their...

Newspapers' eulogies premature.
April 3, 2006... With the proliferation of news sites on the Internet, much has been made of the pending death of newspapers. As the so-called new media attract bigger and bigger audiences, especially among young adults, newspapers are being characterized...

Correction.(Correction notice)
April 3, 2006... * The Bulls & Bears column on page 50A March 27 was credited to the wrong person. It was written by Ken Skarbeck and should have featured his photo. * Greater Indianapolis Chamber of Commerce President Roland Dorson's name was misspelled...

School projects create winners and losers.
April 3, 2006... Strange it is that Indiana newspapers are atwitter with concern about changing the clocks. One would think this is some terrorist threat. All Indiana counties will go to daylight-saving time, which will be a novelty for the majority of us. Some...

Mayor: look elsewhere for Indy Works votes.
April 3, 2006... As another legislative session fades into memories and lawmakers go back to their districts to explain their votes, it's a good time to offer some advice to Indianapolis Mayor Bart Peterson. I have always liked Hizzoner and we have had good...

Athletics has not affected fund raising.(Letter to the editor)
April 3, 2006... As an avid Indiana University basketball fan, I thought the [March 20] article was well done, but left the impression that the university fund-raising effort has been adversely impacted by the furor of the past several years. That...

No right or wrong in venture investing.(Letter to the editor)
April 3, 2006... I was disappointed that the IBJ didn't seek comment from BioCrossroads for the article "Turned away, twice" [March 27]. Oftentimes, there is no right or wrong answer in venture investing; after all, it is a high-risk transaction involving...

Impact of busing still evident today.(Letter to the editor)
April 3, 2006... I wanted to compliment Tom Hatton on his insightful and well-written column on the impact of busing on Indianapolis [March 27]. I have read much on this issue over the decades, but your perspective and honesty stands out and may be an...

IU basketball drama good for Web site.(Mike Pegram's www.peegs.com)(Brief article)
April 3, 2006... Business is good for Mike Pegram. The owner and operator of one of the top Indiana University sports fan Web sites has seen his customer base increase exponentially in the last two months. That has a lot to do with the resignation of men's...

Guidant stock pushes past $78.(Boston Scientific Corp. to acquire)(Brief article)
April 3, 2006... The price of Guidant Corp. shares reached a 52-week high late last month, as the company awaited the final layers of approval for its proposed purchase by Boston Scientific Corp. Shares of the Indianapolis-based medical-device maker sold...

Clarian Health Partners.(to move its offices)(Brief article)
April 3, 2006... Clarian Health Partners late this month will start moving its financial services offices and a communications center to an east-side office building it bought late last year. The hospital network announced in December that it planned to...

PERF sells, rents downtown building on Market Street.(Public Employees Retirement Fund)(Brief article)
April 3, 2006... The new owner of 125 W. Market St. recently saw his investment start to pay off when the seller signed a lease to occupy most of the building, which lies between Monument Circle and the Statehouse. John Thompson, owner of Indianapolis-based...

Local real estate attorney James Carlino has made the jump from a law firm to a private developer.(Brief article)
April 3, 2006... Local real estate attorney James Carlino has made the jump from a law firm to a private developer, joining locally based Scannell Properties as general counsel. Carlino has worked for Bose McKinney & Evans LLP for 20 years and was a...

Networking and a haircut.(Marty Wright )(Brief article)
April 3, 2006... The clients filling up the appointment book at GentSpa, downtown's newest salon for men, are looking for more than a $25 shampoo and cut. They're looking for business deals. The metrosexual sanctuary opened Feb. 20 inside the Hilton...

Reggie merchandise debuts.(Reggie Miller of Indiana Pacers )(Brief article)
April 3, 2006... On March 30, in conjunction with retiring Reggie Miller's No. 31 jersey, the Indiana Pacers launched a special Reggie Miller collection of merchandise to commemorate his 18-year NBA career. The line includes hats, pennants, a replica...

Tourism groups launch podcasts for Final Four fans.(Indianapolis Convention and Visitors Association)(Brief article)
April 3, 2006... Two groups responsible for driving tourism and promoting the city have launched podcasts. The Indianapolis Convention and Visitors Association and Indianapolis Downtown Inc. simultaneously launched the podcasts to coincide with the arrival of...

Air charter biz grows.(Brief article)
April 3, 2006... The city's air charter market has gotten a lift. First Wing Executive Aircraft Management and Charter has added three corporate charter aircraft, including a Cessna Citation S/II jet and a Raytheon King Air turboprop. The firm already...

One of the largest moving firms handling corporate relocation services in the city.(Atlas World Group Inc.)(Brief article)
April 3, 2006... One of the largest moving firms handling corporate relocation services in the city has posted record revenue. Evansville-based Atlas World Group said 2005 revenue grew to $949 million, up 10.2 percent from the previous year. The...

On 25th anniversary, CID renames itself to fit changes.(CID Equity Partners)(Brief article)
April 3, 2006... After 25 years of deal-making, Indiana's largest venture capital firm is changing its name. Indianapolis-based CID Equity Partners has formally switched to CID Capital LLC. Co-Managing Director Kevin Sheehan said the change was prompted...

Alerding & Co. LLC.(ACCOUNTING)
April 3, 2006... Alicia Petty-Stone has joined Alerding & Co. LLC as office manager, and Jennifer Barnes has joined as tax administrative assistant.

Clifton Gunderson LLP.(Brief article)
April 3, 2006... Clifton Gunderson LLP has added the following: Jason Schultz, Michael Ueng and Allen Still, team healthcare assurance associates; Mark Burdick, tax group associate; Alison Newell, assurance group manager; Elisabeth Bowling, team health care...

Katz Sapper & Miller LLP.(ACCOUNTING)
April 3, 2006... Robert Parsons has joined Katz Sapper & Miller LLP as a director.

Regions Bank.(BANKING)
April 3, 2006... David Owen has been promoted to executive vice president and regional credit director for Regions Bank.

First National Bank & Trust.(BANKING)
April 3, 2006... Robert Oleson has been named vice president of mortgage services at First National Bank & Trust.

Indy Partnership.(Kristin Jones, Juawana Colbert, Anita Campbell, Mike Dellinger, K. Scott Fulford promoted)
April 3, 2006... The Indy Partnership, has promoted the following: Kristin Jones, director of business development; Juawana Colbert, manager of business development services; and Anita Campbell, vice president, finance and human resources. Mike Dellinger and K....

American Cancer Society, Great Lakes Division Inc.(CIVIC/NOT-FOR-PROFITS)
April 3, 2006... Susan Cornacchione and Theresa Dillon have joined the American Cancer Society, Great Lakes Division Inc., as major gifts officers for the American Cancer Society.

Arthritis Foundation, Indiana chapter.(CIVIC/NOT-FOR-PROFITS)
April 3, 2006... Richard Seaver, Valeo Financial Advisors LLC, has been named a board member of the Arthritis Foundation, Indiana chapter.

Hoosier Environmental Foundation.(CIVIC/NOT-FOR-PROFITS)
April 3, 2006... Mary Ann Shields has been named executive director of the Hoosler Environmental Foundation.

Mattingly Corp.(CONSTRUCTION)
April 3, 2006... The Mattingly Corp. has added the following: Mark Cox, estimator; Richard D. Wyrick and Jason Muse, superintendents; and Angle Corn, administrative assistant.

Charter One Mortgage.(FINANCE)
April 3, 2006... Barbara Faulkner, Greenwood, has joined Charter One Mortgage as a loan officer.

City Securities Corp.(FINANCE)
April 3, 2006... Paul Cardamon has joined City Securities Corp. as an account executive.

MAK Mortgage.(FINANCE)
April 3, 2006... Leslie Byrne has joined MAK Mortgage as a client care specialist.

Oak Street Funding.(FINANCE)
April 3, 2006... Brad Coffin has been named manager of sales and marketing at Oak Street Funding.

Baker & Daniels LLP.(LAW)
April 3, 2006... Christopher Murray has joined Baker & Daniels LLP as an associate in the downtown office.

Dann Pecar Newman & Kleiman P.C.(FINANCE)
April 3, 2006... George Dremonas has joined Dann Pecar Newman & Kleiman P. C. as of counsel.

Society of Professional Journalists.(PROFESSIONAL/TRADE)
April 3, 2006... Both King has joined the Society of Professional Journalists as communications manager.

Building Owners and Managers Association.(PROFESSIONAL/TRADE)
April 3, 2006... Andrew B. Buroker, Krieg DeVault LLP, has been elected vice associate chairman of Building Owners and Managers Association board of directors.

Indianapolis Bar Association.(PROFESSIONAL/TRADE)
April 3, 2006... C. Joseph Russell, Bose McKinney & Evans LLP, has been named to the 2006 Indianapolis Bar Association board of managers.

Meritas Client Advisory Board.(PROFESSIONAL/TRADE)
April 3, 2006... David Lanzer, Lauth Property Group LLC, has been named a board member of the Meritas Client Advisory Board.

Rotary Club of Indianapolis.(Brief article)
April 3, 2006... The Rotary Club of Indianapolis has named the following officers: Elaine Bedel, Bedel Financial Consulting, president; Ralph Taylor, Central Indiana Community Foundation, president elect; Dennis Sponsel, RJE Business Interiors, vice president;...

Lauth Property Group.(Jim White, Mike Wagner, Jason Bria, Brad Knable promoted)
April 3, 2006... Lauth Property Group has promoted the following: Jim White, first vice president, office and industrial; Jason Bria, associate general counsel; Mike Wagner, director, healthcare. Brad Knable has joined as a project coordinator, construction...

F.C. Tucker Co.(Brief article)
April 3, 2006... F.C. Tucker Co. has added the following residential sales: Castleton--Todd Carte, dam Huff and Cara Sampson; Keystone/86th--Kim Matters; Keystone/Haverstick--Kaaveh Akbari; Meridian North 9277--Joseph Fuller and Madam Rahmani; Noblesville--Mike...

CB Richard Ellis Indianapolis.(REAL ESTATE)
April 3, 2006... Denice Michel has joined the investment properties team at CB Richard Ellis Indianapolis.

Re/Max Advanced Teams.(REAL ESTATE)
April 3, 2006... Justin Strange has joined Re/Max Advanced Teams as a sales associate.

Re/Max Preferred, Fishers.(REAL ESTATE)
April 3, 2006... Kathleen Wheeler and Sharon Coffman have joined Re/Max Preferred, Fishers, as sales associates.

Indiana Land Development Corp.(REAL ESTATE)
April 3, 2006... James Cox has joined Indiana Land Development Corp. as vice president of sales and marketing. Elizabeth Hobbs has joined as chief legal counsel.

Columbia Club.(SERVICES)
April 3, 2006... Columbia Club has named the following officers: James O. Anderson, president; David Certo, vice president; Richard J. Darko, treasurer; and Gregory L. Harris, secretary.

Safety Management Group.(SERVICES)
April 3, 2006... Safety Management Group has promoted the following: Ryan Graft, Jeff Newman and Lissa Rullman, lead advisors; and Dave Remter, account manager.

Rainmakers Marketing group.(SERVICES)
April 3, 2006... Marlin Boothby has joined the Rainmakers Marketing group as small business advocate.

Flanner & Buchanan Funeral Centers.(SERVICES)
April 3, 2006... Christine Jones and Mike Bridgewater have joined Flanner & Buchanan Funeral Centers as family service advisors.

Travelex.(SERVICES)
April 3, 2006... Chris Henn has been named national account manager for Travelex.

Artistic Awards.(SERVICES)
April 3, 2006... Scott A. Liose has joined Artistic Awards as vice president of sales.

SeneGence International.(SERVICES)
April 3, 2006... Lisa Stargel has joined SeneGence International as a distributor.

Indiana Avenue looks for revival: Madame Walker Theatre casts stage veteran to reinvigorate theater.(Claude McNeal )
April 3, 2006... Claude McNeal stands atop the stage of the Madame Walker Theatre, looks up at the result of a well-meaning 1980s renovation, and declares it a disaster. Sealing off the top of the stage area to outfit the nearly 80-year-old building with...

Indiana Avenue looks for revival: Cultural plan stresses retail, residential growth, and a possible extension.
April 3, 2006... Indiana Avenue's glory days as a haven for black-owned businesses and vibrant nightclubs exists only in the history books. But a plan to revitalize the city's newest cultural district could restore some of the luster. City leaders...

Tourism's new buzz: product development: officials want to build on Indiana's unique assets.
April 3, 2006... Billboards in southern Indiana used to tug spelunkers in four different directions. Come to Marengo Caves. Spend an afternoon at Bluespring Caverns. Visit Wyandotte Caves. Don a headlamp at Squire Boone Caverns. Two years ago, however,...

Event planner builds business on big-city experience: award-winning firm grows into all-around performer.(Company overview)
April 3, 2006... Indianapolis might not be as glamorous as Los Angeles or New York City, but Midwestern life seems to be suiting Gene Huddleson just fine. Nearly 10 years after returning to his Hoosier roots, the event planner has found a niche within the...

FFA, Final Four tournament top year's slate of events.
April 3, 2006... The following list takes a look at the top events booked by the Indianapolis Convention & Visitors Association for 2006, ranked in order of estimated direct visitor spending. Information was provided by the ICVA. National FFA Convention...

Largest Indianapolis-area travel agencies.(Statistical table)
April 3, 2006... Largest Indianapolis-Area Travel Agencies (Ranked by 2005 local gross sales) LOCAL: FTE ...

Hamilton County tourism in full swing.(Brief article)
April 3, 2006... Next time editors for Golfweek come to Indiana, it's obvious where they'll tee it up--Hamilton County. That's because a program called Stay and Play, started by Hamilton County Convention & Visitors Bureau in 1997, lets hotel guests play...

Largest Indianapolis-area independent caterers (1).(Statistical table)
April 3, 2006... Largest Indianapolis-Area Independent Caterers (1) (Ranked by 2005 gross catering sales (2)) PRICE RANGE PER PERSON: ...

Studying psychology can help investors earn money.
April 3, 2006... In 1843, Charles MacKay wrote an investment book that even today remains a good-seller. It's titled, "Extraordinary Popular Delusions and the Madness of Crowds." In it, he argues the crowd is always wrong and that its irrational and manic...

Housing slowdown puts some homeowners in peril.
April 3, 2006... You want to build your house on a strong foundation. It worked for the third little pig that resisted all the efforts of the big bad wolf. It's also going to work for savvy consumers who avoid too much debt and build decent equity in their...

It's time to embrace reality and rein in federal budget.
April 3, 2006... It's time we put the rhetoric and dogma on the shelf and get realistic--and tough--on the topic of the federal government deficit. The elected and the electorate alike have been floating around in a kind of never-never land most of this...

Duke Realty Corp.(Company overview)
April 3, 2006... Duke Realty Corp., 600 E. 96th St., Suite 100, Indianapolis, 46240 (www.dukereit.com) is a real estate investment trust that develops, manages and owns industrial, office and retail properties across the Midwest and Southeast. For the year...

We don't communicate as well as we think we do.
April 3, 2006... Somebody once said computers permit you to make terrible mistakes faster than any other invention in history, with the possible exception of handguns and tequila. Those among us who have lost friends, clients or jobs as a result of...

Delay possible in Guidant, Boston Scientific deal.(Boston Scientific Corp. to acquire Guidant Corp.)(Brief article)
April 3, 2006... The European Commission's approval of Boston Scientific Corp.'s $27 billion acquisition of Guidant Corp. might be pushed back two weeks, a costly delay for the Massachusetts firm. Boston Scientific has agreed to pay Guidant $4.5 million in...

143 ATA positions to be eliminated June 1.(Brief article)
April 3, 2006... ATA Holdings Corp. has informed state officials it plans to cut 143 Indianapolis jobs June 1. The parent of ATA Airlines Inc. filed the notice with the Indiana Department of Workforce Development, as required under the federal Worker Adjustment...

Indiana's Medicaid program to cover telemedicine costs.(Brief article)
April 3, 2006... Indiana's Medicaid program on May l will begin covering costs associated with telemedicine, the Family and Social Services Administration announced March 28. Telemedicine links a health care professional to a patient in a different...

Hoosier jobless claims rise; national numbers fall.(Brief article)
April 3, 2006... The number of Hoosiers who filed initial unemployment claims for the week ended March II--the most recent available--increased to 6,598, from 6,486 the week before, according to the Indiana Department of Workforce Development. The state says...

Indy gets another company headquarters.(NaClor Inc. )(Brief article)
April 3, 2006... A salt refinement company plans to build a $40 million headquarters and hire 53 workers in Indianapolis. Canada-based NaClor Inc. will receive nearly $3 million in incentives from the Indiana Economic Development Corp. The city provided an...

Made2Manage makes fifth buy in 20 months.(Encompix Inc. acquired)(Brief article)
April 3, 2006... Local manufacturing software-maker Made2Manage Systems Inc. has acquired Cincinnati-based Encompix Inc. for an undisclosed amount. Encompix makes software that helps manufacturers organize assembly lines and buy parts for custom-built, pricey...

Internet directory.(Directory)
April 3, 2006... INTERNET/WEB SERVICES * ADAPTIVE SYSTEMS, INC. Client/Server & Internet Software Solutions (317) 776-8822 www.adaptivesys.com E-mail: sales@adaptivesys.com Exploiting the full strategy potential of the internet begins with...

Angle Oak Tree Care LLC.(ANNOUNCEMENTS)
April 3, 2006... Sheila and Stephen A. Courchaine have opened Angle Oak Tree Care LLC, a tree care & lawn business. Contact him at scourch576@aol.com or 525-1145; angeloaktreecare.com.