EDITORIAL: Solid reasons to give thanks

IBJ Staff
November 30, 2013
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IBJ Editorial

It’s a good thing a holiday like Thanksgiving rolls around once a year to remind us to slow down, take stock of our blessings, and show appreciation for them.

Those of us living in the Indianapolis area certainly have a lot to be thankful for, including these reasons:

• An improving economy, a drop in unemployment, and a rising stock market. Let’s put it this way: We journalists tend to get more calls returned when we’re writing about companies growing instead of imploding.

• The wave of entrepreneurship we expect in coming years thanks to the $2.5 billion buyout of homegrown ExactTarget. We’re standing by to cover the next round of local tech startups this deal helps ignite.

• The pending redevelopment of Market Square Arena—for real this time—along with a handful of other attractive projects that are bringing more full-time residents downtown. We’re particularly excited to see local owners get their hands on the long-neglected Consolidated and Illinois buildings.

• Top bond ratings for the state and city of Indianapolis. The AAA ratings are hard to come by—and the resulting low interest rates help minimize taxpayer expenses. Hoosiers generally are governed by a political class that respects how difficult it is for most people to earn a dollar.

• The bipartisan movement to defeat a proposed Indiana constitutional amendment banning gay marriage. It’s not only the right thing to do, but it’s also best for business. Kudos to the Indy Chamber, Eli Lilly and Co., Cummins Inc. and numerous other companies and organizations for taking a stand.

• The Pacers. These guys are fun to watch, love the game and are bringing the crowds back to Bankers Life Fieldhouse. It’s easy to forget the venue sold out every game its first year. The Pacers’ emergence just as the Colts hit a rough patch proves once again how spoiled we are as Indianapolis sports fans.

• The new Eskenazi Health Hospital, a beautiful and state-of-the-art facility that demonstrates our city’s commitment to care for everyone. With a new airport terminal, football stadium, hospital and expanded convention center under our belts, contractors must be wondering what’s next.

• Another major hotel? Landing another Super Bowl? A framework for successful mass-transit legislation? For now, we’re thankful each is within the realm of possibility.

On the home front, we’re thankful for:

• IBJ’s always-friendly and razor-sharp office manager, Jane Meredith, who retired in late November after 11 years of keeping the trains running on time at IBJ Media. We miss her already.

• Local owners who value and invest in good journalism.

• Our loyal readers. Thanks for supporting IBJ and sharing your news with us first. Happy Thanksgiving!•

Send comments on this editorial to ibjedit@ibj.com.



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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.