This Week's Paper

JULY 28-AUG. 3, 2014
thisissue1-072814.jpg IBJ 072814

Budget hawks in Carmel want the city to be more prudent in cutting deals with developers. Andrea Davis explains how money will get tighter in coming years. Also in this week's issue, Scott Olson reveals plans for a five-story office building in Broad Ripple, just as the furor over another neighborhood-topping structure dies down. And in A&E Etc., Lou Harry reviews Fletcher Place newcomer Chilly Water Brewing Co.

Front Page

Carmel budget hawks want harder line on deals with developersRestricted Content

The Carmel Redevelopment Commission’s 2014 revenue is estimated to exceed expenses by less than $100,000—a narrow margin for an agency with annual debt payments totaling $17.5 million. By 2037, debt could outpace tax proceeds by a total of $43 million, according to projections released this month by a consultant.

Indiana Limestone Co. digs out of deep holeRestricted Content

In February, Indiana Limestone Co. filed for bankruptcy. But two months later, Chicago-based Wynnchurch Capital Ltd. bought the quarry company out of bankruptcy. ILC is now digging out and looking at a brighter horizon.

Med school plots researcher hiring spree

The Indiana University School of Medicine plans to hire 100 research professors over the next five years in a bid to vault into the top 25 medical schools.

Top Stories

Bar owner alleges racism in lease dispute

The owner of a nightclub in the heart of Broad Ripple believes his landlords nearly doubled his rent for just one reason: to force him and his mostly African-American clientele from the building.

Homegrown Krazy Klothes defies overseas-made clothing trendRestricted Content

Owner Dan Murphy's more-than-two-decades-old, Indianapolis-based company is something of an anachronism—a small-scale domestic clothing manufacturer doing business in a field dominated by Asian-based titans.

State eases into rollout of software in tax fixRestricted Content

The Indiana Department of Revenue is five to seven years from replacing the 1990s software that processes the bulk of the state’s tax dollars and that auditors cited in the wake of massive accounting errors.

Developer pitches 5-story office building for Broad RippleRestricted Content

A local developer plans to build a five-story office building on the site of a closed American Legion post in Broad Ripple.

Feds scrutinize Indiana for Medicaid backlog

More than 80,000 Hoosiers had their applications for the Medicaid health benefits stuck in a backlog in May, prompting the federal government to launch a special review next week.

Interactive Intelligence set to break ground on $12.5M building

The 119,000-square-foot structure will be built next to the software developer's headquarters on the northwest side as part of its growth plans to add 430 employees within the next few years.

Focus

Tech entrepreneur launches Indy Visitors ChannelRestricted Content

Folksy chief cements deals with handshakes, promotes tourism spots with video network in hotels.

Indiana tourism group sharpens missionRestricted Content

New director changes organization’s name, launches initiatives catering to businesses.

BOHLER SMITH: Forsaken vacation hits business two waysRestricted Content

There is truth in the old adage that all work and no play makes Jack a dull boy, but it also makes Jack unhappier, less healthy and not as effective of an employee.

PENNY: Collegiate reform could hurt Olympic teamsRestricted Content

Changes in governance might risk pipeline of athletes in sports that generate little income.

A&E, etc.

LOU'S VIEWS: Discovering a new festival—and new musicals—at Ball State

Thanks to the Discovery New Musical Theatre Festival, an uphill climb for new tuners has gotten just a little bit easier. Not easy, mind you, just easier.

DINING: Cultural Trail lands quirky hops stop

A strip of restaurants has turned a previously anonymous stretch of real estate into a culinary destination. The latest neighbor: Chilly Water Brewing Co.

LOPRESTI: Colts camp at Anderson U. comes with charm, accessRestricted Content

It's not glamorous, but there's much to be said for Colts' home away from home.

BASILE: For more fun, invite serendipity into your summer road trips

No matter what our plan, we are always flexible about modifying it if we come across some unexpected sight or event. Frequently the most interesting experiences are unplanned.

Opinion

MORRIS: Another call for an appointed schools chiefRestricted Content

The governor, no matter his or her politics, should name the state's top education official.

BAGGOTT: Startup investing for the little personRestricted Content

As many people know, ExactTarget started in a small room in Greenfield back in 2000 and grew into a global company with thousands of employees, an initial public offering and a $2.7 billion buyout by Salesforce.com.

KENNEDY: Buggy whips, rotary phones and coalRestricted Content

he history of business success has been the history of innovation—the triumph of visionary entrepreneurs who saw where the wind was blowing and left their more stubbornly traditional compatriots in the dust.

Hicks: Don't confuse inflation with supply and demandRestricted Content

Almost nothing in economics seems to confuse people as much as monetary inflation. That confusion leaves an intellectual void into which some of the least credible ideas of the modern world crawl.

Skarbeck: Bucking common jitters rewards stock investorsRestricted Content

When it comes to investing, some deep thinking can provide perspective on your finances. A reflective investor will find himself challenging some of the accepted beliefs held dear by the investment industry.

Local WFYI programs largely free of biasRestricted Content

Because I have served as chief programming officer for both WIBC-AM radio and later WFYI-FM public radio, the argument over a biased point of view of programming [Kalscheur letter July 21] is a great interest.

In Brief

Sierra Club wants Indianapolis coal plant closed

The Sierra Club is pressing Indianapolis' local utility to retire an aging coal-fired power plant that's slated to continue burning coal for at least two more decades.

Online insurance brokerage sets sights on Indiana

Obamacare could, according to some health insurance experts, cause most small businesses to end their group health plans. Now a new venture-backed company opening up shop in Indiana is trying to make that prediction a reality.

Well-known east-side Mexican eatery closes

El Sol de Tala, a staple on East Washington Street for several decades, shut its doors earlier this month amid a court dispute between the restaurant's owner and his landlord.

UPDATE: Lowe's to invest $20.5M in customer-service center

The home-improvement retail titan plans to begin hiring immediately for the center on the northeast side, pledging to employ as many as 1,000 workers making wages of $10 to $14 per hour.

People

People in the news - July 28, 2014

People listings are free.

Records

Records - July 28, 2014

Records listings from the July 28, 2014, issue of IBJ.

Not-for-Profit of Note

NFP of NOTE: American Cabaret Theatre Inc.

American Cabaret Theatre elevates and promotes the cabaret art form by presenting the finest in professional cabaret performances and developing the next generation of cabaret artists.
Sponsored by
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