Last Updated Fri., October 24, 2014 - 3:43 PM

INDOT faces time crunch on Chicago rail line12:33 PM

Kathleen McLaughlin
State officials are still negotiating with a Chicago firm chosen to take over the Hoosier State rail service from Amtrak. The deal is supposed to be complete by Feb. 1. More.

Nixed grant could have sent 5,700 to preschool12:18 PM

Associated Press
The federal grant application that Indiana Gov. Mike Pence decided not to submit could have helped send 5,700 more state children to preschool programs, documents show. More.

TSA chief caught off guard by Anderson University offer11:59 AM

Associated Press
John Pistole says he has a lot to learn as president of the college, having never worked in education. More.

Special Report: City's building spree leaves trail of spoils

Mayor Greg Ballard takes pride in Rebuild Indy, the city’s nearly $400 million program that doubled the volume of public works projects—and became engineering and construction firms' largest business opportunity with the city in more than a decade. More

City bans bulk land-bank sales after lopsided deal with not-for-profit

Indianapolis last year sold 154 properties from its land bank for $1,000 each to a novice not-for-profit, which immediately flipped them for a total $500,000 profit. More than a dozen have changed hands multiple times since then, making investors more than $1 million. (with interactive map) More

SPECIAL REPORT: Stock-based pay builds wealth for Indiana execs

IBJ's annual review of proxy statements for Indiana public companies found senior executives' median compensation rose 14 percent in 2011. But that analysis uses the fair market value of stock and options awards on the date they were granted. If a company's stock price surges, executives can make out far better. (with searchable database) More

Crean, Painter contracts packed with rewards for postseason success

Indiana University Coach Tom Crean and Purdue University Coach Matt Painter cash in big time when their teams perform well, especially in postseason play. More

Airport execs' globetrotting sparks scrutiny

Indianapolis Airport Authority CEO John Clark and two key officers spent more than $67,000 last year on travel that included extended business trips to Brazil, Denmark, Greece, Morocco and Switzerland. More

BioCrossroads has stoked state's life sciences industry, but challenges remain

In the 10 years BioCrossroads has been promoting life sciences in Indiana, the effort has netted more than 330 new companies, an infusion of more than $330 million in venture capital, a tripling of exports, and a growing number of mentions in national reports on life sciences. More

Warnings about broker's tactics went unheeded

Several state employees openly questioned how John Bales' real estate brokerage did business long before the FBI launched an investigation that led to his indictment. More

Pro athletes' charities often have limited life spans

Wealth and fame often lead professional athletes to share their success in the charitable arena, but those efforts rarely last much longer than their careers as the organizations struggle to survive in an already-crowded philanthropic field. More

Critics: City's effort to help ex-offenders ineffective

Three years after Indianapolis Mayor Greg Ballard launched a city office designed to help ex-offenders avoid a repeat prison visit, some of those original supporters say the city’s Office of Re-Entry Initiatives not only has fallen short of that goal but has accomplished little else. More

CEOs see stock windfall after market crash

Executives at Indiana’s public companies got rich in the down-and-up market, even when investors didn't. CNO Financial's Jim Prieur, for example, received stock grants now worth $4.4M, despite share prices that are 40 percent lower than three years ago. With searchable database. More
More Special Reports
Last Updated Fri., October 24, 2014 - 3:43 PM

Nixed grant could have sent 5,700 to preschool12:18 PM

The federal grant application that Indiana Gov. Mike Pence decided not to submit could have helped send 5,700 more state children to preschool programs, documents show. More

TSA chief caught off guard by Anderson University offer11:59 AM

John Pistole says he has a lot to learn as president of the college, having never worked in education. More

Lilly adds $375M to Zymeworks partnership11:58 PM

Eli Lilly and Co. and Zymeworks said Wednesday that they are expanding a cancer drug development partnership. More

Judge considering $75M NCAA concussion settlement

The deal calls for the Indianapolis-based NCAA to toughen return-to-play rules for college athletes. It also would create a medical fund to test current and former athletes for brain trauma. More

Zimmer profit beats forecasts, shares rise 4 percent

Shares of Warsaw-based orthopedic device maker Zimmer Holdings Inc. have doubled the performance of the S&P 500 so far this year. More

Purdue getting regional nutrition, obesity center

The U.S. Department of Agriculture has chosen Purdue University to be the site of one of four centers, also to include Colorado State University, Cornell University and the University of North Carolina. More

Ball State set to open state's largest planetarium

The Charles W. Brown Planetarium was made possible by a gift from Indianapolis businessman Charles Brown, who built a small empire of fast-food franchises that he sold last year. More

New shoe pays homage to Hoosier icon's birthplace

Before gaining fame through athletic footwear, Chuck Taylor graduated from Columbus High School in 1919. About 800 million pairs of "Chucks" have been sold worldwide. More

State still uncertain on finishing I-69 extension

State officials say they're still trying to figure out how to pay for finishing the Interstate 69 extension between Indianapolis and Evansville. More

FedEx predicts increase in holiday deliveries

FedEx, which operates several facilities in Indianapolis employing thousands of workers, said the peak day is likely to be Dec. 15, when it expects to handle 22.6 million shipments around the world. More

Two-week strike ends at Indiana factory

The strike at the Schneider Electric plant began Oct. 6 in a dispute between the French-based company and the International Association of Machinists and Aerospace Workers over raises and pensions. More

New rules adopted in hopes of spurring home loans

With the financial crisis and subprime mortgage bust receding further into history, the government is loosening some financial rules, hoping to inject more life into the country's still-recovering housing market. More

Pence names new head of state personnel department

Denny Darrow joined the agency in December of 2010 and previously served as its deputy director and chief of staff. More

Survey: Pay raises rarer despite strong U.S. hiring

U.S. businesses were much less likely to boost pay in the third quarter than in previous months, even as hiring remained healthy, a sign that wage gains may remain weak in the coming months. More

More seeking financial help after Vectren billing error

Some public assistance organizations in Indiana say many Vectren electricity customers are seeking help paying big bills from the utility correcting ones that were underestimated during the summer. More

NCAA chief says scholarship changes on way

NCAA President Mark Emmert said Monday there is no talk about allowing compensation for autographs and signed memorabilia, but a new model for scholarships could be approved by January. More

Thousands affected by Medicaid eligibility change

A change in how eligibility for Medicaid is determined could save Indiana $26 million this fiscal year by pushing thousands of residents off coverage but providing first-time benefits to even more at lower costs. More

Taylor University gets $4.26 million donation

A group of Taylor University alumni celebrating their 50-year reunion has donated $4.26 million to the school in eastern Indiana, the largest gift in its history. More

Ball State assumes $12.6 million loss in fraud

The chairman of the Ball State University board of trustees has told the State Budget Committee the school is operating under the assumption it won't be able to recover $12.6 million in fraudulent investments. More

Lease critics urge Indiana to reclaim toll road

Calls are mounting for Indiana to reclaim the Indiana Toll Road amid concerns over its bankrupt operator's ability to maintain the 157-mile roadway and its travel plazas. More

Eli Lilly to sell Puerto Rico manufacturing facility

The Indianapolis company said it is closing its Guayama facility because the patents on some of the drugs made there have expired. More

Indiana electric provider gets $5M federal loan guarantee

The grant to the Decatur County REMC is one of $1.4 billion in loan guarantees announced Thursday by the U.S. Department of Agriculture. More

BMV lawyers defend embattled state agency

Lawyers for the Bureau of Motor Vehicles are fighting back in an ongoing legal battle involving overcharges by the state agency. More

TSA chief Pistole expected to lead Anderson University

The university announced Thursday its presidential search committee will recommend the board of trustees elect John Pistole president when it meets Oct. 27. More

Vectren sending out big bills after underestimates

Several thousand Vectren electricity customers in Indiana are facing huge bills after the company underestimated what they owed over the summer. More

U.S. jobless aid applications fall to 14-year low

The number of people seeking U.S. unemployment aid dropped to the lowest level in 14 years last week, the latest sign of a strengthening labor market that could help blunt worries about the impact of weak global growth. More

U.S. factory output on the rise again after August setback

The Federal Reserve said Thursday that factory production rose 0.5 percent in September after falling 0.5 percent in August. The continued pace of manufacturing output will likely be a bellwether for the broader economy. More

Lawsuit filed over Megabus crash near Indianapolis

Four people who were on board a double-decker passenger bus that crashed in Greenwood this week are suing the bus company for negligence. More

Plan to form reservoir planning board put on hold

A vote on the creation of a board to oversee plans for a proposed reservoir on the White River in central Indiana has been put on an indefinite hold. More

Colts' Irsay embraces opportunity to get to work

Six days after his six-game suspension ended, the 55-year-old Colts owner broke his silence by telling a small group of reporters that he's excited about the season, feeling well and is ready to move on. More

Business stockpiles show smallest rise in 14 months

Total U.S. business sales fell 0.4 percent in August after a 0.7-percent sales increase in July. It was the biggest monthly sales decline since a 1.1-percent drop in January. More

Indiana Michigan Power plans $787M in upgrades

The utility said its plan includes replacing hundreds of miles of miles of electric cable and thousands of poles, along with upgrades to underground networks in South Bend, Fort Wayne, Elkhart and Muncie. More

Purdue expert: Holiday spending to climb 4 percent

While money spent on Christmas and Hanukkah gifts is likely to increase, so are the number of retailers and Internet sites available to consumers. That will dilute sales growth for many retailers. More

Votes delayed on forming agency for planned lake

Project advocate Rob Sparks said he's asked the Madison County Council to push back consideration of the proposed Mounds Lake Commission until at least next month. More

Candidates hit the road on last leg of 2014 races

This time, three statewide offices, all 100 state House seats and 25 state Senate seats are up for grabs. More

U.S. high court: Who best judges fair competition?

The U.S. Supreme Court is set to hear a case over whether U.S. states can delegate the regulation of professions such as dentistry, plumbing, cosmetology and more to boards of practitioners drawn from those occupations. More

RV company plans northern Indiana expansion

A company that makes towable recreational vehicles says it will spend nearly $5 million to expand its operations in northern Indiana, creating as many as 125 jobs. More

Springer picked to head small business operation

Indiana's Office of Small Business Entrepreneurship has picked a new director for its efforts to provide contracts to small businesses. More

Merchandise seized from Indianapolis flea market

Cpl. Brandon Thomas said excise officers had a search warrant for the Liberty Bell Carpet & Flea Market on the city's east side when they seized the items Sunday. More

Gambling debate hinges on 'expansion' definition

House Public Policy Chairman Tom Dermody, R-LaPorte, opened a gambling hearing last week with a word of caution for his colleagues: Before they launch into the 2015 session in January, they need to decide what they consider an expansion to be. More

Indiana cuts some public audits over shortages

The State Board of Accounts no longer is auditing the financial records of Indiana libraries, conservancy districts, some public school accounts, and small towns and townships, its leader says. More

USDA ups expected record corn, soybean harvest

The Department of Agriculture says 22 states will set corn record yields this year. Corn farmers are expected to harvest a national average of 174.2 bushels per acre, a significant increase over the record of 169. More

Daniels says Purdue fundraising needs improvement

Purdue University President Mitch Daniels said he isn't surprised that he likely won't receive all the incentive pay that's included in his contract. More

Indiana University opening overseas offices

Indiana University officials are planning to open at least a half-dozen overseas offices to help raise the school's profile around the world. More

Nursing home chain to pay $38M in U.S. settlement

The Justice Department accused Extendicare Health Services Inc. of substandard care between 2007 and 2013 in 33 nursing homes in eight states, including Indiana. More

Candidates go on air with final push in 2014 cycle

Indiana politicians are taking to the airwaves in the final weeks of the 2014 campaign season, but their efforts online may be having a bigger impact. More

300 workers go on strike at Indiana factory

The strike at the Schneider Electric plant in Peru began early Monday, with members of the International Association of Machinists and Aerospace Workers picketing outside its main gates. More

BMV mailing out claim forms for excise overcharges

The Bureau of Motor Vehicles has begun mailing out claim forms to Indiana motorists for refunds from about $29 million in overcharges on excise taxes when vehicles were registered, the agency said Wednesday. More

Pence names Adams Indiana's health commissioner

Gov. Mike Pence has named Indianapolis anesthesiologist Dr. Jerome Adams to be commissioner of the Indiana State Department of Health. More

Fishing lure maker plans Indiana expansion

LureCraft Fisherman's Shop Inc. said the expansion will triple its current space in LaGrange and allow it to add 91 workers before the end of 2017. More
Last Updated Fri., October 24, 2014 - 3:43 PM

OCTOBER 20-26, 2014

Thisissue1-1020141

Justice center deal tests transparency laws

Three teams competing to partner with Indianapolis on a half-billion-dollar criminal justice complex shaped the city’s yet-to-be released specifications in closed-door meetings. More

Front Page

Sponsors, fans stick with Pacers

With the loss of Lance Stephenson to free agency and the serious leg injury to Paul George, there are numerous questions about how the Indiana Pacers will do on the court this season. But on the business side, victories are piling up. More

IndyGo deciding which routes should get focus and resources

IndyGo isn’t threatening to eliminate routes, but it is trying to craft a policy to guide it through landmark changes: next year’s opening of the $20 million Downtown Transit Center and, possibly, the passage of a referendum in favor of a regional rapid-transit system. More

Top Stories

Angie's List $40M investment brightens outlook for blighted area

Some real estate experts wonder whether the area’s revival relies too much on Angie’s List. More

Flat 12 venture with IndyCar star yields surprise sales success

Hinchtown Hammer Down beer, named for IndyCar driver James Hinchcliffe, is one of Flat 12’s top sellers and has become one of five in the brewery’s core lineup. More

Fishers' conversion from town to city brings prickly pay issues to fore

Six candidates ran for mayor of Fishers in the May primary without knowing what the job would pay. More than 20 sought seats on its first City Council. Now the outgoing Town Council—with at least two members who won’t return to the dais next year—must decide how to compensate the victors come Jan. 1. More

Hiring surges at Carmel financial-services firm

Allied Solutions LLC said it is looking to fill 60 jobs this year and potentially more next year as it extends a growth streak. More

Hospital market shares shift

Community Health Network claimed 23.1 percent of the central Indiana market inpatient market last year, up from 21.5 percent the year before, while Indiana University Health saw its share of the inpatient market decline from 28.8 percent in 2012 to 27.8 percent last year. More

Contractor investing $1.6M to create local HQ near downtown

Messer Construction Co. is rehabbing a pair of buildings on North Meridian Street that it bought earlier this year. More

Rankings of Indianapolis-area banks

After seemingly endless adversity, bankers anticipate brighter future. Look here to see how local institutions compare based on common measures. More

Library plans $59M in new branches, upgrades

Indianapolis Public Library officials are seeking approval from the city to borrow funds to renovate, relocate and build entirely new branches across the city. Despite growing emphasis on digital media, library visits are increasing, they say. More

Focus

MORALEZ: Hoosier angel investment needs further shots in arm

When I started my first company, Bio-Storage Technologies, back in 2002, raising angel capital was time-consuming and inefficient, and the results were mixed at best. More

Cutillo ramrods entrepreneurship at Stonegate

Jim Cutillo, co-founder of the fast-growing mortgage company, pushes with military intensity. More

A&E, etc.

LOU'S VIEWS: IMOCA outpost upgrades CityWay development

Applause for the efforts of the Indianapolis Museum of Contemporary Art and CityWay to carve out gallery space in the well-trafficked building that also houses the Alexander Hotel. More

DINING: New downtown canal eatery Burgerhaus worth exploring

It’s fitting that the menu at Burgerhaus has an exploratory theme since finding the place can be a bit tricky. More

LOPRESTI: Lucas Oil Stadium is distinctly—and properly—populist

Our football palace, unlike some others, isn't just for the pros. Those who pay for it also get to use it. More

BASILE: Seek out the unusual in the usual destinations

Tourism discoveries abound in Nashville, Dallas, New York City, and more. You just have to be open to them. More

Opinion

MORRIS: ICAN service dogs bring hope to others

The folks who end up with them aren't the only ones who benefit from these special canines. More

KENNEDY: About that younger generation

It’s easy to get discouraged these days—to look at the overwhelming evidence of social and political dysfunction and retreat into Angry Old Person territory. More

SCHMIDT: Elevate expectations for downtown

It’s easy to pat ourselves on the back about the vibrant downtown areas of Mass Ave, Fountain Square, Monument Circle, White River State Park. We’ve come a long way, and people love to spend time in these places. More

Skarbeck: 401(k) lawsuits help fuel fiduciary-duty debate

Chalk this up as one for “Ripley’s Believe It or Not!” The employees of some well-known financial firms have sued their employers for placing their own company’s proprietary mutual funds in their 401(k) plans. More

Hicks: Futures of high-skill, low-skill workers diverging

In recent years, average wages have stagnated. Wages for some workers declined while wages for others rose. Understanding why is important for any policy discussion. More

In Brief

Threat-detection tech firm plans to create 84 jobs

Lafayette-based Emerging Threats Pro LLC said it will invest $967,000 to open an outpost in the Parkwood Crossing office park in Carmel. More

Council OKs $70m road bond

The borrowing plan will target streets and sidewalks across the city. Also on Monday night, City-County Councilors approved a $1 billion city budget. More

Blogs

Review: Dance Kaleidoscope's 'Carmina Burana'...plus extras

A trio of appetizers and heartfelt applause for retiring senior dancer Liberty Harris add to the pleasures of this revival. More

Splash park, ice rink part of top design for City-County Building plaza

The winning design was submitted by a Baltimore firm, whose project would cost $12.5 million to build. The city and the Central Indiana Community Foundation have begun fundraising efforts to pay for it. More

Indy among national leaders in number of women sports fans

Indianapolis has a higher percentage of women sports fans than many of the nation's largest and most sports rabid cities. There's an especially strong following for the NFL, NBA, NASCAR and college hoops. More

Hawthorns golf club headed to auction; lender seeks control

The future of the Hawthorns Golf & Country Club in Fishers is expected to become clearer next week, when a bankruptcy court judge weighs in on the lender’s plan to take over operations. More

The tragedy of electronic medical records

The federal government has spent $27 billion—and hospital systems have spent even more—to roll out electronic medical records across the industry. But even advocates say the results have been “disappointing.” More

A&E, etc.

Review: Dance Kaleidoscope's 'Carmina Burana'...plus extras 14:12 pm

A trio of appetizers and heartfelt applause for retiring senior dancer Liberty Harris add to the pleasures of this revival. More

A&E picks for the week: Dance Kaleidoscope, Magna cum Murder, more

Camp classic "Rocky Horror," dance classic "Carmina Burana," and who-knows-what-will-happen improv make the priority list this week. Also: A mysterious convention. More

IBJ giveaway: Ann Katz Festival of Books

Win fast passes to just about any event on the schedule, including appearances by authors Annabelle Gurwitch and Hank Phillippi Ryan. More

Fading casino revenue has Indiana city selling debt

After decades of declining population and shifting economic fortunes, the city of Hammond in northwest Indiana is betting that water from Lake Michigan will refresh its finances. More

More A&E, etc.