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Indianapolis Business Journal - January 9-15, 2017

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In This Issue

Front Page

Neighbors sue to block $23M College Avenue development

Three Meridian-Kessler residents have asked a judge to review whether the city’s Metropolitan Development Commission properly granted two zoning variances for the apartment-and-retail project.

Closing IPL's toxic ponds could cost millions

As IPL ditches coal in favor of natural gas at power plants in Indianapolis and Martinsville, the utility wants to close their coal ash pits, cover the tops with plastic membranes, and top them off with nearly three feet of sand and soil.

WFYI, other public radio stations bulk up news staffs

A decade ago, WFYI’s on-air personalities mostly read local stories from other sources. With its four additions, WFYI will have 15 staffers dedicated to gathering, reporting and disseminating local stories statewide and beyond.


Top Stories

State's dubious vaping law to get big overhaul

Sen. Randy Head of Logansport said he will file a bill to “stop the monopoly” that was created by legislation passed in 2015 and amended in 2016, which essentially put one private security firm in charge of deciding which firms could manufacture the “juice” used in e-cigarettes sold in Indiana.

Hamilton County sees jump in visitor spending

Visitors spent nearly $681 million in the county in 2015, with most of the dollars used for food and beverages. That’s a 12 percent boost over 2014, nearly double the increase for the overall metro area.

Schellinger's new role will have international focus

Jim Schellinger, the incoming secretary of commerce, previously was president of the Indiana Economic Development Corp., a role that included frequent travel to communities across the state. In his new post, he'll be courting companies across the globe.

Court permits Angie's List injunction against ex-employees who defected to rival

The Indiana Court of Appeals ruling says two former employees who left for HomeAdvisor took confidential information from Angie's List and failed to return it.

House Republicans' road plan includes gas-tax increase, user fees

The proposal calls to raise three taxes and implement new user fees. House Speaker Brian Bosma said he expects the plan to cost most Hoosiers about $4 per month.

City shifts approach to homeless services, lands $5M in federal funding

Advocates last year described funding cuts from the federal government as a “self-inflicted” wound. This year Mayor Joe Hogsett's team is celebrating a funding increase.

Developer embarking on three downtown for-sale housing projects

Onyx + East is planning a mix of condo flats, townhouses and row houses at the three locations, two of which should see construction activity within a few months.


Focus

FOCUS: Will Trump's policies push markets higher?

Six experts talk about what the new administration, rising Fed rates, oil prices, Brexit and more mean for 2017.


A&E, etc.

LOU'S VIEWS: Beef & Boards salvages record-setting comedy

The talented company seems ready for anything the audience throws back at them.

LOPRESTI: A Colts fan's guide to looking on the bright side

It's a stretch, but here's how to view the team's forgettable season through rose-colored glasses.

DINING: Getting a new handle on The Mug’s fare

In Irvington, the Mug's mug is decidedly less "American Graffiti" and more strip-center handsome. But the food remains the same.


Opinion

EDITORIAL: Ideology shouldn’t trump safety

We’re not sure what’s scarier—that Pence would choose deregulation at the expense of Hoosiers’ safety or that he’s pared state agencies down so far that there isn’t the staff available to handle what are basic duties of government.

MORRIS: Keeping government transparent

The annual attempt to pull public notice away from newspapers is about to begin.

SKIDMORE: Remind the council that transit is essential

This should be a pretty straightforward matter. After all, the council decided in May to let voters have their say regarding a tax to support improved transit, and in November, nearly 60 percent of voters in 79 precincts countywide said yes to the tax.

WESTERHAUS-RENFROW: Are you a new leader? Here’s how to be trusted now

To deliver necessary results, you need to build trust and confidence fast. Trust builds loyalty, and you’ll need a loyal fan base to help you deliver winning results.

FEIGENBAUM: Expect Holcomb to take long-term view of policy

While Eric Holcomb was largely a cipher during his campaign to those trying to pin down precise points, you can infer some things.

BOHANON & STYRING: 'Sin' legislation creates unlikely bedfellows

Any action that limits access to a legal product raises prices consumers pay. Black and gray markets usually follow.

SKARBECK: A memo about investing to my daughters and nieces

In prior generations, women were often in the dark on money matters. Taking an active role from the start to oversee your financial future will benefit you over the long term.

Tech expansion is great but Indy must diversify, too


In Brief

Former ITT students seek creditor status in school's bankruptcy case

Five former ITT Educational students filed a motion asking that they—and thousands of other students who attended the school between 2006 and 2016—be recognized as creditors as the school’s bankruptcy case moves forward.

Ex-state commerce secretary takes job with Bose McKinney

Outgoing Gov. Mike Pence appointed Victor Smith to serve as the state’s secretary of commerce in January 2013.

Popular Chicago-area chain Portillo's plans Fishers location

The chain, known for its Italian beef sandwiches and Chicago-style hot dogs, has begun recruiting managers for a Fishers location that it says will open this year.

Limited stores, including two in Indy, closing nationwide

The longtime clothing retailer shut the doors to its Circle Centre mall location Dec. 24, while the one at Castleton Square Mall is set to close Saturday.

Late flurry of hotel room bookings gives Visit Indy strong finish for 2016

In the last two weeks of the year, Visit Indy signed deals to bring 41 conventions to Indianapolis in the next five years. Those deals helped push the group close to a new annual record for advance bookings of hotel rooms.


Records

Records for Jan. 9-15, 2017

Here are the records listings for Jan. 9-15, 2016.

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