1
B USINESS SECTION C THE INDIANAPOLIS STAR SATURDAY, JANUARY 20, 2007 INDYSTAR.COM/BUSINESS In the Greenfield neighborhood of Cranberry Lake Estates, started in the 1970s, housing turnover is low. [Business Central, C3] [INSIDE] A friendly lifestyle 1ST JUST 1 MINUTE THE TICKER DOW JONES INDUSTRIALS 12,565.53 2.40 NASDAQ 2,451.31 8.10 S&P 500 1,430.50 4.13 BLOOMBERG INDIANA INDEX 581.37 3.39 STORY, PAGE C2 Workers at BSA Life Structures got their own Colts surprise Friday: dark brown mustaches. President Sam Reed already had declared it a blue day at the architectural, engineering, planning and interior-design firm. On top of that, he had more than 300 mustaches brought in for his workers. His mission: to make all 215 employees look like Colts’ Quarterback Peyton Manning (shown above) in that goofy Sprint commercial. Employees stuck on the mustaches and quickly got into the spirit. BSA — which focuses its design talents on health care, higher education, life sciences and research projects — was named the sixth-best architectural firm to work for in the United States last year by ZweigWhite, a management-consulting firm. One reason: its ability to provide a positive work environment for employees. Dana Knight [WORKPLACE] BIG MUSTACHES ASIDE, BSA’S SPIRIT CATCHES ON [HIGHER ED] KUDOS FOR KELLEY PROGRAM The Kelley School of Business at Indiana University is getting another pat on the back for its entrepreneurial efforts. The U.S. Association of Small Business and Entrepreneurship on Friday named the Bloomington graduate program its 2007 National Model MBA in Entrepreneurship. The honor typically is given to universities with an entrepreneurship program that’s innovative, comprehensive, effective, sustainable and distinctive. The Kelley School, which beat out 30 other schools, won because of the opportunities it provides, including the Entrepreneurial Management Academy and Velocity Conference. The association also praised the school’s cross-campus initiatives on life sciences. Erika D. Smith ASST. MANAGING EDITOR/BUSINESS: Steve Berta BUSINESS PHONE: 317.444.6868 By Tom Spalding [email protected] Lucas Oil will have its name in lights, but a lot of regular Joes will get a shot at making a lasting imprint on the grounds of the In- dianapolis Colts’ new home. For $150 to $325, fans, businesses and others will get the chance to put their names and a message on the sidewalk pavers along Capitol Avenue in what the Indianapolis Colts have dubbed the “Walk of Fame.” Despite little marketing, some 3,000 bricks have been reserved for 2008 — and there’s plenty of room for what the team hopes will exceed 15,000 pavers. That would make one heck of a red- hued sports stadium plaza. “We’ve had great success,” said Julie Souers, the Colts’ spe- cial projects manager. Colts season-ticket holder Kellie Walbridge of Indianapolis said her three children bought a commemorative brick as a Christmas present for their fa- ther, Kevin, a garbage hauler. “My husband is crazy about the Colts,” she said. “He wears blue on Friday, and if you were here (during televised away games) you can hear him all over the house yelling and scream- ing.” The pavers offer a low-priced legacy for individual fans. “It makes people feel pride that they were part of building a stadium,” she said. The Colts’ Souers said the messages range from straightfor- ward to sentimental, from names to odes to fathers and significant others. Some have been “You see people walking and looking down. They will point down and say: ‘That’s me, and that’s my sister.’ ” Allen Patterson, an employee at the Hilton Garden Inn, commenting on the personalized bricks around Monument Circle TOM SPALDING / The Star BACKERS’ BRICKS: These engraved bricks outside St. Elmo Steak House were first laid in 2002, when the restaurant refurbished its Illinois Street sidewalk with personalized bricks during its centennial celebration. Colts hoping bricks help pave proud legacy For a price, fans can show eternal support in ‘Walk of Fame’ along Lucas Oil Stadium 200 yards Capitol Ave. Missouri St. South St. McCarty St. Location of bricks Lucas Oil Stadium BRICK SENTIMENTS How much brick you’ll get for the buck on the plaza northeast of Lucas Oil Stadium: DOLLAR BILL SHOWN FOR SCALE. BRICK 1 Size: 4 by 8 inches Design: Three-line message Cost: $150 BRICK 2 Size: 4 by 8 inches Design: Two-line message with Colts logo Cost: $175 BRICK 3 Size: 8 by 8 inches Design: Four-line message with Colts logo Cost: $325 STEPHEN J. BEARD / The Star Source: Indianapolis Colts See Bricks, Page C3 The lowdown: Bricks have a long, enduring tradition in Indy. C2 By John O’Dell Los Angeles Times Toyota Motor Corp., which boasted one of the best recall records among major auto- makers in the U.S. last year af- ter a troubled 2005, is starting the new year with a potential black eye. The company’s U.S. sales arm said Thursday that it is launching a safety recall of 553,000 full-size Tundra pick- ups and Sequoia sport utility vehicles to replace a key part of the front steering system. Toyota spokesman Bill Kwong said the part, a ball joint that enables the front wheels to turn, was made by an outside supplier. Replacing both of the lower front ball joints could cost the unnamed supplier and its insurer more than $250 million, he said. The problem has been blamed for 11 accidents and six injuries since late 2003. The recall will be handled in cooperation with the National Highway Traffic Safety Ad- ministration. The recall pales next to the millions of Wilderness tires recalled by Ford and Firestone in 2000-01 after tire failures led to 271 deaths in rollovers. Automakers can soften the hit to their images by issuing prompt recalls, analysts say. “Toyota wrote the hand- book on the right way to keep customers satisfied,” said in- dustry consultant David Hill- burn, former strategic planner for the Ford Motor Co. ac- count at advertising giant Young & Rubicam. Toyota said vehicle owners will not be charged for the work, which will be done by appointment at local dealer- ships. The automaker’s toll- free number is (800) 331-4331. Owners of the affected ve- hicles, which were built from September 2003 to last No- vember at Toyota’s plant in Princeton, Ind., will be noti- fied by mail beginning in mid- February. Toyota slowed by new recall Steering problem in 553,000 Tundras, Sequoias gets 2007 off to a bumpy start By John Russell [email protected] A fast-growing Bloomington self-publishing company has been sold to a California invest- ment company, with plans to continue growing. AuthorHouse, founded 10 years ago by a frustrated Indi- ana author, was sold to Bertram Capital of Palo Alto, Calif., which plans to invest more money in the operation, said Bryan Smith, AuthorHouse’s chief executive. The change in ownership will not affect management, employees or day-to-day opera- tions, Smith said Friday. He de- clined to reveal terms of the deal or the company’s revenue, except to say that sales have tri- pled in the past five years. Since 2002, I has been owned by private investors led by Gazelle TechVentures, an Indiana-based venture fund. The company which charges authors a fee to edit and market their books — has about 180 employees in Bloom- ington, 10 in Indianapolis and 10 in the United Kingdom, Smith said. AuthorHouse typically charges authors $1,000 to $5,000 in exchange for editing, proofreading, marketing and distributing their work, and lin- ing up an outside printer. Smith called the operation a “self- publishing” company or an “author services” company, but said it is not a vanity press be- cause it does not own presses or print books. AuthorHouse said it has helped 30,000 authors publish nearly 40,000 titles, including “Legally Blonde,” which was turned into a movie starring Reese Witherspoon, and “Long March to Freedom,” which served as the inspiration for the movie “Proof of Life,” starring Meg Ryan and Russell Crowe. Call Star reporter John Russell at (317) 444-6283. California company buys self-publishing operation By Ted Evanoff [email protected] In the late 1990s, discount airlines like ATA of Indianapo- lis were all the rage for air trav- elers. But these days, the big airlines that were hammered by the discount carriers are look- ing for their own savings. Increasingly, they are out- sourcing short and medium routes to low-cost regional lines like Republic Airways Holdings. Indianapolis-based Republic, which employs 1,500 in the city, said Friday it will hire about 670 more pilots to handle the new business coming in large part from major carriers Conti- nental, Frontier and US Airways. The expansion will take Re- public from 3,500 employees nationwide to more than 4,500. Many bigger carriers are out- sourcing routes because they can’t easily fill 120-seat air- liners that fly to smaller cities such as Indianapolis from the carrier’s big hub operations. So the big lines have gotten rid of hundreds of airliners that had been used on medium and short routes, and they have re- lied on regional companies whose smaller jets cost less to operate. “We’ve announced a lot of growth,” said Republic spokes- man Warren Wilkinson. “We’re trying to make sure the pipeline is full of resumes and applica- tions.” Hiring will take place this year and next as Republic takes control of 67 more regional jet airliners, bringing its fleet size to 240 aircraft from the current 173. While many of its regional Republic to ramp up routes, hiring INDIANAPOLIS AIRLINE GETS A LIFT FROM OUTSOURCING BY BIGGER RIVALS SAM RICHE / The Star 2004 file photo LOCAL IMPACT UNKNOWN: Republic Airways employs 1,500 in Indianapolis, but it’s unclear how many new hires will work here. See Republic, Page C2 The Indianapolis Star's twice-daily business newsletter is e-mailed free to anyone who subscribes. Fresh Start appears early in the morning, and Mid-Day Update arrives at noon. Both include breaking stories at the local, state and national levels, as well as calendar items, Small Business Administration loans and other business news. To subscribe to the free newsletter, go to www.indystar.com/ newsletters and follow the prompts. STAY INFORMED WITH E-MAIL NEWSLETTER

Colts Bricks 12007

  • Upload
    tom-s

  • View
    199

  • Download
    2

Embed Size (px)

Citation preview

Page 1: Colts Bricks 12007

BUSINESSSECTION C D THE INDIANAPOLIS STAR D SATURDAY, JANUARY 20, 2007 D INDYSTAR.COM/BUSINESS

In the Greenfield neighborhood of Cranberry LakeEstates, started in the 1970s, housing turnover islow. [Business Central, C3]

[INSIDE]

A friendly lifestyle

1 S T

JUST

1MINUTE

THE TICKERDOW JONESINDUSTRIALS12,565.53 2.40

NASDAQ2,451.31 8.10

S&P 5001,430.50 4.13

BLOOMBERGINDIANA INDEX581.37 3.39

STORY, PAGE C2

Workers at BSA Life Structures gottheir own Colts surprise Friday: darkbrown mustaches.

President Sam Reedalready had declared it ablue day at thearchitectural,engineering, planningand interior-design firm.

On top of that, he hadmore than 300mustaches brought infor his workers.

His mission: to make all 215employees look like Colts’ QuarterbackPeyton Manning (shown above) in thatgoofy Sprint commercial. Employees

stuck on the mustaches and quickly gotinto the spirit.

BSA — which focusesits design talents onhealth care, highereducation, life sciencesand research projects —was named the sixth-bestarchitectural firm towork for in the UnitedStates last year byZweigWhite, a

management-consulting firm.One reason: its ability to provide a

positive work environment foremployees.

— Dana Knight

[WORKPLACE] BIG MUSTACHES ASIDE, BSA’S SPIRIT CATCHES ON [HIGHER ED] KUDOS FOR KELLEY PROGRAMThe Kelley School of Business at Indiana University is

getting another pat on the back for its entrepreneurialefforts.

The U.S. Association of Small Business andEntrepreneurship on Friday named the Bloomingtongraduate program its 2007 National Model MBA inEntrepreneurship.

The honor typically is given to universities with anentrepreneurship program that’s innovative,comprehensive, effective, sustainable and distinctive.

The Kelley School, which beat out 30 other schools,won because of the opportunities it provides, includingthe Entrepreneurial Management Academy and VelocityConference. The association also praised the school’scross-campus initiatives on life sciences.

— Erika D. Smith

ASST. MANAGINGEDITOR/BUSINESS:Steve Berta

BUSINESS PHONE:317.444.6868

By Tom [email protected]

Lucas Oil will have its name inlights, but a lot of regular Joeswill get a shot at making a lastingimprint on the grounds of the In-dianapolis Colts’ new home.

For $150 to $325, fans,businesses and others will getthe chance to put their namesand a message on the sidewalkpavers along Capitol Avenue inwhat the Indianapolis Colts havedubbed the “Walk of Fame.”

Despite little marketing, some3,000 bricks have been reservedfor 2008 — and there’s plenty ofroom for what the team hopeswill exceed 15,000 pavers. Thatwould make one heck of a red-hued sports stadium plaza.

“We’ve had great success,”said Julie Souers, the Colts’ spe-cial projects manager.

Colts season-ticket holderKellie Walbridge of Indianapolissaid her three children bought acommemorative brick as aChristmas present for their fa-ther, Kevin, a garbage hauler.

“My husband is crazy about

the Colts,” she said. “He wearsblue on Friday, and if you werehere (during televised awaygames) you can hear him all overthe house yelling and scream-ing.”

The pavers offer a low-priced

legacy for individual fans.“It makes people feel pride

that they were part of building astadium,” she said.

The Colts’ Souers said themessages range from straightfor-ward to sentimental, from namesto odes to fathers and significantothers. Some have been

“You see people walking and looking down. They will point downand say: ‘That’s me, and that’s my sister.’ ”Allen Patterson, an employee at the Hilton Garden Inn,

commenting on the personalized bricks around Monument Circle

TOM SPALDING / The Star

BACKERS’ BRICKS: These engraved bricks outside St. Elmo Steak House were first laid in 2002, when therestaurant refurbished its Illinois Street sidewalk with personalized bricks during its centennial celebration.

Colts hoping bricks help pave proud legacy

For a price, fans canshow eternal support

in ‘Walk of Fame’along Lucas Oil Stadium

200 yards

Capitol A

ve.

Missouri S

t.

South St.

McCarty St.

Location of bricks

LucasOil

Stadium

BRICK SENTIMENTSHowmuch brick you’llget for the buck on theplaza northeast of LucasOil Stadium: DOLLAR

BILL SHOWNFOR SCALE.

BRICK 1Size: 4 by 8 inches

Design: Three-linemessage

Cost: $150

BRICK 2Size: 4 by 8 inches

Design: Two-line messagewith Colts logo

Cost: $175

BRICK 3Size: 8 by 8 inches

Design: Four-line messagewith Colts logo

Cost: $325

STEPHEN J. BEARD / The Star

Source: Indianapolis Colts

See Bricks, Page C3

D The lowdown: Bricks have along, enduring tradition in Indy. C2

By John O’DellLos Angeles Times

Toyota Motor Corp., whichboasted one of the best recallrecords among major auto-makers in the U.S. last year af-ter a troubled 2005, is startingthe new year with a potentialblack eye.

The company’s U.S. salesarm said Thursday that it islaunching a safety recall of553,000 full-size Tundra pick-ups and Sequoia sport utilityvehicles to replace a key partof the front steering system.

Toyota spokesman BillKwong said the part, a balljoint that enables the frontwheels to turn, was made byan outside supplier. Replacingboth of the lower front balljoints could cost the unnamedsupplier and its insurer morethan $250 million, he said.

The problem has beenblamed for 11 accidents andsix injuries since late 2003.The recall will be handled incooperation with the NationalHighway Traffic Safety Ad-ministration.

The recall pales next to themillions of Wilderness tiresrecalled by Ford and Firestonein 2000-01 after tire failuresled to 271 deaths in rollovers.

Automakers can soften thehit to their images by issuingprompt recalls, analysts say.

“Toyota wrote the hand-book on the right way to keepcustomers satisfied,” said in-dustry consultant David Hill-burn, former strategic plannerfor the Ford Motor Co. ac-count at advertising giantYoung & Rubicam.

Toyota said vehicle ownerswill not be charged for thework, which will be done byappointment at local dealer-ships. The automaker’s toll-free number is (800) 331-4331.

Owners of the affected ve-hicles, which were built fromSeptember 2003 to last No-vember at Toyota’s plant inPrinceton, Ind., will be noti-fied by mail beginning in mid-February.

Toyotaslowedby newrecall

Steering problemin 553,000 Tundras,Sequoias gets 2007off to a bumpy start

By John [email protected]

A fast-growing Bloomingtonself-publishing company hasbeen sold to a California invest-ment company, with plans tocontinue growing.

AuthorHouse, founded 10years ago by a frustrated Indi-ana author, was sold to BertramCapital of Palo Alto, Calif.,which plans to invest moremoney in the operation, saidBryan Smith, AuthorHouse’schief executive.

The change in ownershipwill not affect management,employees or day-to-day opera-tions, Smith said Friday. He de-clined to reveal terms of thedeal or the company’s revenue,except to say that sales have tri-pled in the past five years.

Since 2002, I has beenowned by private investors ledby Gazelle TechVentures, anIndiana-based venture fund.

The company — whichcharges authors a fee to edit

and market their books — hasabout 180 employees in Bloom-ington, 10 in Indianapolis and10 in the United Kingdom,Smith said.

AuthorHouse typicallycharges authors $1,000 to$5,000 in exchange for editing,proofreading, marketing anddistributing their work, and lin-ing up an outside printer. Smithcalled the operation a “self-publishing” company or an“author services” company, butsaid it is not a vanity press be-cause it does not own presses orprint books.

AuthorHouse said it hashelped 30,000 authors publishnearly 40,000 titles, including“Legally Blonde,” which wasturned into a movie starringReese Witherspoon, and “LongMarch to Freedom,” whichserved as the inspiration for themovie “Proof of Life,” starringMeg Ryan and Russell Crowe.✭ Call Star reporter John Russellat (317) 444-6283.

California company buysself-publishing operation

By Ted [email protected]

In the late 1990s, discountairlines like ATA of Indianapo-lis were all the rage for air trav-elers. But these days, the bigairlines that were hammered bythe discount carriers are look-ing for their own savings.

Increasingly, they are out-sourcing short and mediumroutes to low-cost regionallines like Republic AirwaysHoldings.

Indianapolis-based Republic,which employs 1,500 in the city,said Friday it will hire about670 more pilots to handle thenew business coming in largepart from major carriers Conti-nental, Frontier and USAirways.

The expansion will take Re-public from 3,500 employeesnationwide to more than 4,500.

Many bigger carriers are out-

sourcing routes because theycan’t easily fill 120-seat air-liners that fly to smaller citiessuch as Indianapolis from thecarrier’s big hub operations. Sothe big lines have gotten rid ofhundreds of airliners that hadbeen used on medium andshort routes, and they have re-lied on regional companieswhose smaller jets cost less tooperate.

“We’ve announced a lot ofgrowth,” said Republic spokes-man Warren Wilkinson. “We’retrying to make sure the pipelineis full of resumes and applica-tions.”

Hiring will take place thisyear and next as Republic takescontrol of 67 more regional jetairliners, bringing its fleet sizeto 240 aircraft from the current173. While many of its regional

Republicto ramp up

routes, hiringINDIANAPOLIS AIRLINE GETS A LIFT

FROM OUTSOURCING BY BIGGER RIVALS

SAM RICHE / The Star 2004 file photo

LOCAL IMPACT UNKNOWN: Republic Airways employs 1,500 inIndianapolis, but it’s unclear how many new hires will work here.

See Republic, Page C2

The IndianapolisStar's twice-dailybusiness

newsletter is e-mailed freeto anyone who subscribes.

Fresh Start appearsearly in the morning, andMid-Day Update arrives atnoon.

Both include breakingstories at the local, stateand national levels, as wellas calendar items, SmallBusiness Administrationloans and other businessnews.

To subscribe to the freenewsletter, go towww.indystar.com/newsletters and follow theprompts.

STAY INFORMED WITHE-MAIL NEWSLETTER