This Week's Paper

JULY 21-27, 2014
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Two friends have turned their enthusiasm for drones into a manufacturing operation projected to produce up to $10 million in revenue next year. IBJ's Dan Human has the story on AirDroids and its briefcase-sized Pocket Drone. Also this week, Andrea Davis profiles an Anderson-based financial planner who uses cookikng lessons to teach fiscal principles. And in A&E Etc., Lou Harry conducts an exit interview with Theatre on the Square's Ron Spencer, a foundational figure in local contemporary theater.

Front Page

Drone startup off to flying start

Two friends and drone enthusiasts in 2012 hatched the idea, as a side gig, to build flying devices small enough to fit in a briefcase. But the idea shifted to a full-scale manufacturing operation that will launch in mid-August and is projected to produce up to $10 million in revenue next year.

Hospitals' occupancy declining over long term

Advances in non-invasive surgeries, changes in health care financing and now increasingly price-sensitive patients accelerate what has been a 40-year decline in the number of patients spending the night in hospitals.

Former newspaper editor now telling stories on screen

Documentary filmmaker Ted Green recently completed production of “Bobby Slick Leonard: Heart of a Hoosier,” a 90-minute documentary that will debut at Bankers Life Fieldhouse July 29.

Top Stories

Suit tests INDOT policy of charging for highway repairs

A trucking company is challenging the Indiana Department of Transportation’s authority to sue for damage to state property, a lawsuit that could affect thousands of motorists and millions of dollars in revenue.

HHGregg ready to dust off, ramp up Fine Lines concept

HHGregg's high-end-appliance Fine Lines stores are shifting into the spotlight as the struggling retailer looks for ways to offset declining consumer electronics sales.

Financial planner parlays meals for clients into money lessons

Joe Clark says the two things that seem to matter to people the most are food and money. He has found a way to combine the two, cooking for client families in their homes once or twice a month as he answers questions and gets to know them better.

Kite CEO 'not afraid to continue to grow'Restricted Content

In an interview with IBJ, Kite Realty Group Trust CEO John Kite discusses the $1.2 billion acquisition of Illinois-based Inland Diversified Real Estate Trust, potential redevelopment of Pan Am Plaza and its hopes to keep a branch of the Indianapolis-Marion County Public Library at Glendale Town Center.


Competition soars at Indianapolis-area airports

An airport near Zionsville is upping the ante for Indianapolis International Airport reliever fields.

Want to lease a Lamborghini in Indy? Good luckRestricted Content

There is little appetite for spending 'stupid money' in Indianapolis, or just about anywhere in the Midwest, for that matter.

A&E, etc.

LOPRESTI: With a few quick pen strokes, Pacers fans have new enemies

In a league where rivalries come and go, Cleveland has target on its back. So does Stephenson.

Q&A: Ron Spencer

After more than 250 productions, Theatre on the Square's executive artistic director exits with a look back.

DINING: Newcomer Union 50’s creativity marries cuisines

Mass Ave around the intersection of Massachusetts Avenue and East Street has been bursting lately with new dining options. Here's the latest.


EDITORIAL: Hogsett could spark debateRestricted Content

Joe Hogsett’s July 14 announcement that he’ll step down as U.S. attorney for the Southern District of Indiana at the end of the month renewed speculation that he will run for mayor of Indianapolis next year. And to that prospect we can only say, bring it on

MAURER: Bob Lauth persevered and won

Developer comes out on top after recession, legal battle with investor.

BROWNING: How to fix Broad Ripple

It is a tragedy that the senseless shootings in Broad Ripple earlier this month might define one of the most important destination districts in Indianapolis.

RUSTHOVEN: Lawsuit could rein in Obama overreachRestricted Content

Speaker John Boehner’s plans to have the House file a lawsuit challenging President Obama’s refusals to enforce federal laws has elicited predictable derision in liberal and media circles (which overlap on a Venn diagram).

Hicks: Falling state income tax revenue is bad omenRestricted Content

Nationally, from July through September 2013, growth in state income tax collections slowed appreciably. Only a few states were spared, and here in Indiana they actually shrank slightly, as they did in five other states.

Kim: Midterm election years challenging for stocksRestricted Content

A persistent seasonal anomaly for stocks is the “presidential cycle,” a pattern of performance coinciding with various years of a presidency.

WFYI isn’t unbiasedRestricted Content

Anthony Schoettle’s [June 23] article “Less news, more talk” bemoans the loss of Steve Simpson and states, “With Simpson’s departure, the only local station that still employs non-opinion-oriented news hosts is WFYI.”

More taxes to fund copsRestricted Content

The idea of more police is a great idea. However, the idea to take away the homestead exemption to fund it shows how out of touch the politicians are. Removing the exemption only places the onus on homeowners.

In Brief

City marshals $400,000 for Monument Circle events, projects

The city, National Endowment for the Arts and Central Indiana Community Foundation have contributed to the plan for expanding amenities, activities and attractions on the Circle.

Lilly reaches multiyear agreement to sponsor IMS race

The race, which takes place the day before the annual NASCAR Brickyard 400 race at IMS, will be called the Lilly Diabetes 250.

Spec distribution center fully leased in AnsonRestricted Content

A joint venture between developers Browning Investments Inc. and Duke Realty Corp. announced July 15 that Chattanoogo Tenn.-based Kenco, a third-party logistics provider, has taken the remaining 257,000 square feet.

Convenience stores remount challenge to cold-beer laws

Convenience stores in Indiana are appealing a decision from a federal judge in June that continued to prohibit them from selling cold beer.

Emmert paid $1.7 million as NCAA revenue increases

Monday’s tax filing comes as the NCAA faces unprecedented scrutiny, including a handful of lawsuits and an effort by Northwestern University football players to form college sports’ first player union.

PROXY CORNER: Vectren Corp.Restricted Content

Evansville-based Vectren Corp. provides electricity and natural gas to residential, commercial, industrial and other contract customers in Indiana and Ohio.


People in the news - July 21, 2014

People listings are free.


Records - July 21, 2014

Records listings from the July 21, 2014, issue of IBJ.
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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...