This Week's Paper

AUGUST 18-24, 2014
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Eli Lilly and Co. once was a pioneer in biotech drugs and treating autoimmune diseases, but abandoned the fields in 1991. Subsequently, biotech autoimmune medicines have become best-sellers. This week, J.K. Wall details how Lilly has been trying to get back in the game. Also this week, Anthony Schoettle reports the Indianapolis Indians' stock buy-back offer might be undervaluing the franchise. And in A&E Etc., Lou Harry reviews Bar Rio.

Front Page

Eli Lilly making renewed push in biotech field, where it once pioneered

Lilly expects to soon announce late-stage clinical trial results for two biotech drugs designed to slow the inflammation caused by autoimmune diseases. By the end of the year, it will announce results for a third.

Proportion of zero-car households rolls past 10 percent

Indianapolis experienced one of the fastest gains in car-less households of any major city in a recent five-year period, according to U.S. Census data compiled by a University of Michigan researcher.

Top Stories

Recent minor-league team sales suggest Indians worth $40M-plus

A stunning string of sales of minor-league baseball teams this year suggests the Indianapolis Indians’ current stock buy-back offer might be undervaluing the franchise.

Children’s Museum expands footprint

The Children’s Museum of Indianapolis plans to begin tearing down a nearby apartment building this month and is starting to explore options for the site that could include an outdoor attraction.

Emmis: Dynamic pricing will reshape many industriesRestricted Content

Indianapolis-based Emmis Communications Corp. executives believe their latest acquisition, a local flexible-pricing software firm called Digonex Technologies, can revolutionize any number of businesses, including radio.

Will spurned TV station launch ABC courtship?

Channel 6's affiliation agreement with ABC expires in January, but the station's owner, E.W. Scripps, has strong ties to the network and will be highly motivated to avoid a parting of ways.

Democrats question $12M in consulting contracts

The cash-strapped city of Indianapolis has entered agreements worth more than $12 million as it pursues a public-private partnership for a new courthouse and jail. Mayor Greg Ballard's office says the fees will be paid by the developer.

Struggling hospital finds buyer, enters bankruptcy protection

Bloomington’s Monroe Hospital, which has had a close relationship with Indianapolis-based St. Vincent Health, filed for bankruptcy reorganization on Friday and plans to sell its business to a Canadian operator.

Focus

Hendricks County pitching motorsports skill, expertise to medical manufacturers

Hendricks County finds pay dirt pitching skills of racing industry to medical device manufacturers.

TOLLIVER: Warehousing, e-commerce merging in Indy areaRestricted Content

As consumers, our need for instant gratification has never been greater, as evidenced by the rise of e-commerce. Shopping online and receiving an order that same day or the next is replacing the expectations of old, when we received our orders in a week or so.

A&E, etc.

TRY THIS: A caving adventurer discovers the upside of the underworld

We're a three-person caving group about to enter Sullivan Cave. Our leader locks the gate behind us.

DINING: Bar should be set a little higher on promising new taqueria

At BarRio Taco & Tequila Bar, the elements are in play but the recipe doesn't quite work yet

LOPRESTI: What’s in a number? Plenty, if it’s attached to your jersey

A stroll through the digits reveals a wealth of Hoosier-state sports lore.

Opinion

EDITORIAL: Public deserves full disclosure

The city might be negotiating a sweet deal for Indianapolis taxpayers over the proposed $500 million justice center to be built across from the Indianapolis Zoo on the former site of General Motors’ stamping plant. Or, taxpayers might be getting a bad deal.

MAURER: Is there room for compassion in politics?Restricted Content

A humanitarian crisis doesn't always bring out the best in us.

LAMKIN: Tax tips for a reform-minded PenceRestricted Content

Determining governmental and tax structures is a major responsibility of state government. But, as we proceed into the 21st century, it is important to note that the size, density and distribution of our population have changed over the last 1-1/2 centuries.

RUSTHOVEN: Carter keeps the world ‘enlightened’Restricted Content

Former President Jimmy Carter recently volunteered his wisdom on the conflict between Israel and Hamas. In Carter’s view, hostilities were not sparked by Hamas’ firing rockets at Israeli citizens, nor tunneling from Gaza into Israel to kill and kidnap civilians.

Hicks: College success comes to those who persevereRestricted Content

About half of all young people try college, but only half of that group finish a degree. The difference between these groups is almost wholly due to old-fashioned hard work and perseverance.

Kim: Investors--watch out for penny-stock 'wolves'Restricted Content

Accurate information about low-priced stocks issued by the smallest of companies can be difficult to find. This makes it easy for fraudsters to spread false information. It’s truly the Wild West of speculation.

How to upgrade International Motor SpeedwayRestricted Content

The quality of the racing entertainment at Indianapolis Motor Speedway is unsurpassed by any track [Aug. 4]. If the ultimate goal is to attract more fans, then Doug Boles must make their comfort a top priority.

Change schools chief title while we’re at itRestricted Content

I support the initiative being pushed to move the position of state schools chief to an appointed position. While we are at it can we also change the title of the position to Superintendent of Schools?

In Brief

Church accuses JPMorgan of mismanagement, self-dealing

Christ Church Cathedral has filed a federal lawsuit against JPMorgan Chase, alleging the bank's "intentional mismanagement" and "self-dealing" led to $13 million in losses in church trust accounts endowed in the 1970s by Eli Lilly Jr.

IU research center trying to remedy 'civic deficit'Restricted Content

The Center for Civic Literacy will open its first public conference Aug. 22 with the goal of connecting scholars and practitioners in the fields of education, business, not-for-profits, media and government.

WellPoint to change corporate name back to Anthem

The name change will be completed by the end of the year, pending shareholder approval, the company said Tuesday.

Lender forecloses on two downtown office buildings

The Gold Building and Two Market Square have been struggling to maintain tenants and face a potential exodus of others to the county's proposed criminal justice complex.

PROXY CORNER: Noble Roman's Inc.Restricted Content

Indianapolis-based Noble Roman’s Inc.sells and services franchises and licenses for non-traditional foodservice operations and stand-alone take-n-bake locations under the trade names “Noble Roman’s Pizza," “Noble Roman’s Take-N-Bake” and “Tuscano’s Italian Style Subs.”

People

People in the news - Aug. 18, 2014

People listings are free.

Records

Records — Aug. 18, 2014Restricted Content

Records listings from the issue of Aug. 18, 2014, issue of IBJ.
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  1. Can your dog sign a marriage license or personally state that he wishes to join you in a legal union? If not then no, you cannot marry him. When you teach him to read, write, and speak a discernible language, then maybe you'll have a reasonable argument. Thanks for playing!

  2. Look no further than Mike Rowe, the former host of dirty jobs, who was also a classically trained singer.

  3. Current law states income taxes are paid to the county of residence not county of income source. The most likely scenario would be some alteration of the income tax distribution formula so money earned in Marion co. would go to Marion Co by residents of other counties would partially be distributed to Marion co. as opposed to now where the entirety is held by the resident's county.

  4. This is more same-old, same-old from a new generation of non-progressive 'progressives and fear mongers. One only needs to look at the economic havoc being experienced in California to understand the effect of drought on economies and people's lives. The same mindset in California turned a blind eye to the growth of population and water needs in California, defeating proposal after proposal to build reservoirs, improve water storage and delivery infrastructure...and the price now being paid for putting the demands of a raucous minority ahead of the needs of many. Some people never, never learn..

  5. I wonder if I can marry him too? Considering we are both males, wouldn't that be a same sex marriage as well? If they don't honor it, I'll scream discrimination just like all these people have....

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