Indianapolis Business Journal - February 6-12, 2017
In This Issue
Bill would slap tax on online retailers
Lawmakers are advancing a bill that would compel large, online retailers to collect and send sales taxes to the state—injecting Indiana into a national tussle over the issue.
Developer blazes trail with market-rate homes at Central State
But South Bend-based Holladay Properties is about to test the demand for new housing priced in the $200,000 range on the former campus of the west-side Central State Hospital.
Toil and trouble brew behind IUPUI's Shakespeare Project
Shakespeare scholars worldwide are heralding the arrival of "The New Oxford Shakespeare," but the project is at the center of a battle between the professor who brought it to Indy and IUPUI.
Indy Eleven’s owner, investment group say there’s urgency to MLS bid
The window on Ersal Ozdemir’s dream of bringing a Major League Soccer franchise to Indianapolis might be closing—fast.
GOP president, Congress could dump medical-device tax
For years, medical-device makers in Indiana and around the nation have insisted that the 2.3 percent tax on sales to help fund the Affordable Care Act has hurt business and slowed innovation.
Vending machines grab tech firms’ fancy
International Vending Management Inc. has been winning the affection of industry titans in and around the tech hotbed lately, and it sees plenty of room for growth.
Marsh Supermarkets’ financial struggles have long history
Sun Capital Partners bought Marsh Supermarkets in 2006, rescuing it from potential collpase. But now, more than a decade later, the financial woes have returned.
Citizens coke plant site has its share of 'challenges,' Hogsett says
Transforming the site to a criminal justice complex would take years of contaminant cleanup, officials said Tuesday, but construction could overlap with that work.
Children's Museum announces new admission pricing strategy
The museum has hired the same company that handles admission strategies for the Indianapolis Zoo. Under the new plan, announced Wednesday, tickets will cost less when they are purchased well in advance.
Group business has historic French Lick Resort on a roll
At a time when revenue from its work horse—a casino that opened in late 2006—remains unpredictable, French Lick Resort is rolling the dice on a new strategy: one built on pursuing group sales to increase bookings at the resort and build exposure that will bring guests back for leisure visits. It’s already paying dividends.
Indy still in Super Bowl hunt?
Convention impact grows
LOU'S VIEWS: Altar-ed states at wedding musical 'It Shoulda Been You'
A few generations ago, Broadway audiences were more generous toward good-enough shows that weren't spawned from movies and didn't have marketable gimmicks.
DINING: Delicious elk burger lights up West Clay’s Lit Moose eatery
Making a restaurant succeed anywhere is a challenge. Trying to make it work in the Village of West Clay has proven to be an even greater one.
LOPRESTI: If only ... alternative sports facts we only wish were true
Imagine local defensive juggernauts, annual contenders and packed high school gyms.
EDITORIAL: Dreaming big about soccer
The idea of becoming a major-league soccer city is great, although it’s way too early—and Ersal Ozdemir’s plan way too sketchy—to pass judgment yet on whether Mayor Joe Hogsett’s administration and CIB should support any city financial involvement in making it a reality.
MORRIS: A presidential lesson in statesmanship
The Benjamin Harrison Presidential Site is a gem in our midst.
KENNEDY: Trump: And so it begins
In his first week in the White House, Donald Trump exceeded my expectations—and not in a good way.
WESTERHAUS-RENFROW: How to deal with bullies at work
An Accountemps study found managers and executives at Fortune 1,000 firms spend 13 percent of their work time resolving uncivil behavior. That’s the equivalent of seven weeks a year down the proverbial drain.
FEIGENBAUM: Pay attention: Curtis Hill is in the Statehouse
Hill, who won more votes than any other candidate on the November ballot, is assuming a law-and-order stance on one of the most pervasive problems plaguing Hoosier communities from rich or poor, rural or urban, from Lake Michigan to the Ohio River: opioid abuse.
LETTER: Stay out of vaccine issue
No law needed is needed here. Get out of private employer/employee relationships.
LETTER: The inefficiency of tolls
The cost of collection should not outweigh in time or dollars the cost of the cause being funded.
LETTER: Sports analogy fell flat
I found it in poor taste to use a basketball metaphor when describing something as unfortunate and sad as someone seeing his dead father, and his lifeless body laying on the floor of a local auto dealership.
Eli Lilly earnings rise sharply but narrowly miss analysts' expectations
The Indianapolis-based drugmaker got a revenue boost from a host of new medications but also saw sales fall sharply for some older products.
Old Spaghetti Factory building sells for $10 million
A New York firm bought downtown's Station Place office building at Georgia and Meridian streets for just under the asking price.
JCC's CEO retiring after more than 33 years in position
Ira Jaffee oversaw major growth in membership, facilities and budget as chief executive of the not-for-profit Jewish Community Center. He announced Tuesday he'll retire in mid-June.
Indy-based auto auction firm acquired by Dallas company
Currently operating in eight states, the firm was founded in 2000 by three executives who had previously worked at another local auto auctioneer, Carmel-based ADESA.
New York firm acquires high-profile Carmel office park
Hamilton Crossing, a high-profile Class A suburban office park with six buildings on 44 acres along U.S. 31 in Carmel, sold for an estimated $70 million.