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Indianapolis Business Journal - January 16-22, 2017

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In This Issue

Front Page

Holcomb seeks $10M to attract more nonstop flights

Gov. Eric Holcomb is pushing a plan aimed at attracting new nonstop and direct flights to and from the Indianapolis International Airport.

City’s vision would relink GM property to downtown

An iconic architectural landmark that would create a gateway to downtown is one of several features city officials want as part of a redevelopment of the former General Motors stamping plant site.

Community Health demolishing, rebuilding East hospital

The wrecking ball is busy at Community Hospital East, knocking down one building after another, as workers ready the site for a brand-new, $175 million hospital.


Top Stories

Bankruptcy trustee appears poised to sue former ITT brass

Deborah Caruso has launched a no-holds-barred inquiry into the defunct company's business practices and is seeking documents and depositions from the accounting firms that audited its books.

Indiana bank stocks surge on Trump prospects

Indiana-based banks have benefited from a post-election stock jolt hitting financial stocks across the country.

Whitestown sees spike in single-family home permits

The Boone County town has a population about a quarter the size of neighbor Zionsville, but new single-family housing permits filed for Whitestown have outpaced Zionsville’s since 2014.

Purdue-based firm could change radiation treatments

Purdue University Professor You-Yeon Won’s development, called radio-luminescent nanoparticles, is designed to enhance the cancer-cell-killing effects of radiation treatment.

FEIGENBAUM: Even among GOP, compromises are a must

While some governors prefer to hold their legislative-agenda cards close to the vest before bully-pulpit time, Holcomb appears to want to get the legislative train rolling and doesn’t appear to be harboring any major programs announcement for the State of the State speech.

URBAN DESIGN: Downtown Indy could take big strides in 2017

From Mass Ave to White River, here's what to look for in the year ahead.


Focus

Holcomb seeks $2 million per year to provide free training for high-demand jobs

The plan to skill up Indiana’s adult workforce could help prepare the state to fill an estimated 1 million jobs by 2025, most of which will be openings created by the impending retirements of baby boomers.

Holcomb’s budget plan modestly boosts funding for Indiana schools

Democrats say it's not enough, particularly in its failure to expand state-funded preschool to more counties.

New state schools chief picked to lead Indiana education board

Board members voted unanimously after little discussion Wednesday to endorse Jennifer McCormick as the board's leader.

Senate education chief expects delay for ISTEP replacement

The Legislature is expected to extend the life of the current test so that a new version can be written and thoroughly vetted before being administered.


A&E, etc.

LOU'S VIEWS: Obsession permeates artist Sarah Hobbs’ distressing habitats

Latest IMOCA show showcases rooms in which overcompensation is a primary resident.

DINING: Broad Ripple’s Brothers gets roomy downtown sibling

I strongly suggest an initial order of Wisconsin World Famous Cheese Curds, the airier cousin to the mozzerella stick.

LOPRESTI: Indiana puzzles, Swanigan dominates at the halfway mark

This college basketball season has seen big successes and colossal collapses.


Opinion

EDITORIAL: Holcomb must think big

Indiana faces serious problems on numerous fronts—and needs an inspirational leader with the bold ideas to tackle them.

DAVISON: Bridging the Indy-area workforce gap

For central Indiana talent to fulfill our developing need, the region must bridge the workforce gap. The good news is that work has begun through the Central Indiana Corporate Partnership and its recent initiative, Ascend Indiana.

NEFF: Panning for gold: innovation in health care

Business decisions are balancing acts of risk and reward. So to create a flow of business opportunities requires creating a different frame of reference, one that is organizationally tolerated or, ideally, encouraged.

SMITH: State, city should be friendlier for e-cigarettes

Policymakers understandably have concerns about e-cigarettes, including whether vaping will attract new customers who are not current smokers. To date, research both here and in Europe suggests this is exceedingly rare.

BOHANON & STYRING: Pre-K isn’t as effective as proponents say

Do kids who go through Head Start-type programs ultimately wind up learning more than comparable kids who don’t? The answer is pretty clearly no.

KIM: Profits, ‘animal spirits’ may drive up stocks in ’17

If the animal spirits of capitalism stir and result in a shift in motivation from safety to profit, the results could be impressive.

LETTER: IPL should find better option for coal-ash ponds

Clean drinking water sounds like something all Hoosiers should stand for.

LETTER: Hudnut had important impact on neighborhoods

Mayor William Hudnut’s passing leaves a special legacy for Indy’s neighborhoods.

LETTER: For-sale housing needed for downtown growth

Many current downtown renters would like to buy downtown—but the limited inventory hinders that move.


In Brief

Carmel expects to land extra $1.7M due to population gains

Carmel's population has grown by 7,755 people since 2010, the city announced Wednesday, citing a partial special census it conducted late last year.

Indiana venture capital deal activity hits 16-year high

Hoosier companies signed 31 venture capital deals worth $77 million last year, a 16-year-high for deal activity that underscores Indiana's growing variety of high growth firms.

Carmel biotech firm scores major deal with pharmaceutical giant

A small Carmel-based biotech firm has signed a deal with international drug company Allergan Plc that is worth at least $50 million and could grow to more than $2 billion under the best-case scenario.


Forefront

HALE: Championing the ‘little things’ matters, too

Allison wants to ensure that Indiana high schools provide a feminine hygiene product dispenser in at least one of their restrooms accessible to students.

SHABAZZ: Ask not for whom the road tolls

Toll roads address two major problems: They give you a stable source of long-term road funding revenue and they also capture out-of-state traffic and don’t put the bulk of the burden on the locals.

SHELLA: Media background doesn’t make politicians media-friendly

There is no need to feel sorry for the media. Reporters and editors signed up for this treatment, and if they don’t have thick skin, they should get some. But we all benefit from true journalism and it should be encouraged.

SMITH: African-American’s win in AG race is sign of progress

Curtis Hill, running statewide for the first time and as a Republican no less, secured more votes than any candidate in Indiana’s 200-year history.

WOLLEY: Embracing the ‘beloved community’ in the Trump era

After an acrimonious election cycle where large swaths of the voting public were attacked because of their religion, ethnicity, gender or impairments—or were characterized as “deplorables”—I believe there is an appetite for something different in our civic discourse.

SCHNEIDER: A New Year’s resolution for Trump

In the aftermath of an election that left me depressed as no election ever had before, I needed something more basic: a positive outlook that, despite my fear that we have elected a man unfit to lead, the nation will be fine.

IRELAND: Democrats can make America great again

I do not ask for compromise for the sake of compromise but for a hard-fought contest between differing world views.

WAGNER: Republicans should resist temptations to go too far

In the run-up to the legislative session, we’ve already heard rumblings from lawmakers who want to dismantle gun licensing, limit women’s health care, and engage in a debate about Sharia Law.

LEPPERT: A bumper-sticker transition for the winners

Democratic voters are certainly struggling with the new political situation post-election. But I am predicting that will pass soon. Then comes the real transition.

ROBERTSON: Several things to watch in the new year

Let’s be honest here, no one knows what a Trump presidency will bring. There are fears and hopes, but no one has a clue what is going to happen.

BOEHM: Civic education is necessary to maintain our republic

The responsibility lies not with the schools, but with the requirements we place or do not place upon them.

MEREDITH: Mandatory kindergarten, pre-K are no-brainers

Offering universal pre-K goes hand-in-hand with full-day, mandatory kindergarten. The results of a paired pre-K and half-day kindergarten program include “higher reading skills by the third grade than those who attend full-day kindergarten alone,” according to a study by the Center for Public Education.

SHEPARD: A good year for Indiana’s future

It’s a human habit, of course, to use birthdays and anniversaries for simple celebration. And the commemoration of our statehood included events that served largely as parties. Having parties seemed altogether right for the occasion of an anniversary like 200.

SITES: DNA profile should be destroyed without conviction

It is a bedrock principle of our criminal justice system that those arrested for or even charged with a crime are presumed innocent until proven guilty.

DANIELS: Keeping arrestee DNA on file would solve crimes

We are thus losing the opportunity to identify repeat offenders before additional people are victimized; and we are losing the benefit of arrestee DNA analysis to exonerate the innocent.

As Trump inauguration nears, anxiety reigns

Dems may be poised to make party even more extreme

Machines keep getting smarter, but they don’t have hearts


Records

Records for Jan. 16-22, 2017

Here are the records listings for Jan. 16-22, 2017.

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