Indianapolis Business Journal - February 20-26, 2017
In This Issue
Condos make comeback amid apartment boom
Several projects are in the works—a push led mainly by local developer Onyx+East, which plans to begin construction this year on nearly 150 units, 90 of which are in or near downtown.
Tax increase for transit looks poised for passage
Supporters of a proposal to raise income taxes to expand mass transit in Indianapolis have at least 11 of the 13 votes they need to implement the hike.
Brackets For Good expands across nation after raising nearly $3M for charities
Since 2012, Indianapolis not-for-profits have been participating in their own version of the annual NCAA college basketball tournament and have raised more than $1.5 million.
Hotel hiccup could cost agencies millions
Local hoteliers and hospitality officials are bracing for a soft 2018. And some in the industry are pointing to the fallout from a controversial 2015 law as the culprit responsible for an expected one-year downturn.
Indy Fuel owners ready to take shot at new ice venues
Father-and-son duo Jim and Sean Hallett launched a minor-league hockey team—the Indy Fuel—in 2013, but the enterprise has expanded far beyond just an ECHL franchise.
Activist investors enjoying a profitable ride at Allison Transmission
ValueAct Capital parted ways with the Indianapolis-based commercial-transmission manufacturer after turning its $345 million investment into $622 million, not including dividends.
Judge blocks Cigna from scuttling $48 billion deal with Anthem
Indianapolis-based Anthem Inc. on Wednesday won a court ruling blocking Cigna Corp. from terminating a proposed merger between the health insurers until a judge could weigh arguments over the faltering deal at an April 10 hearing.
FEIGENBAUM: The highway-funding math is getting fuzzier
You’ll still see a substantial highway-funding program enacted in April, but what’s inside the outlines is far murkier today than anyone anticipated.
URBAN DESIGN: Turning 100 acres from vision to reality
Successfully redeveloping the old GM Stamping Plant site will take creativity, patience.
Trump's trade rhetoric casts uncertainty over Indiana exporters
Changes in trade policy would reverberate across Indiana, given its status in a new Brookings Institution study as the most export-dependent state in the country.
International Center to hold business-etiquette workshops
The International Center in Indianapolis is offering a series of workshops, “The World in Transition,” that will provide participants with an overview of the culture, protocol and business etiquette in the United Kingdom, China and Russia.
International traffic on upswing at airport
The number of passengers leaving Indianapolis for international destinations last year grew 69.2 percent, to 37,000.
Feds dole out aid for workers hit by trade-related job losses
Employees at 45 Indiana workplaces—including 11 in the Indianapolis area—applied for federal assistance in the past 13 months because they believed they were victims of trade-related job losses.
LOPRESTI: Few answers after eight days spent with Indiana Pacers
It's two steps forward, one step back for this group as tough opponents loom.
DINING REVIEW: Craft goes beyond beer at pub near Keystone at the Crossing
Craft Street Restaurant & Bar has turned an oft-turned-over spot on 82nd Street into an upgraded neighborhood bar with potential.
LOU'S VIEWS: Garfield’s winter oasis among offerings at Indy’s parks
Indianapolis' parks have a range of activities to choose from year-round, many at low or no cost.
EDITORIAL: Legislature’s goals are good ones
Tax increases should be transparent. The proposed cigarette tax hike is not. While we laud the Legislature’s goals, we urge lawmakers to separate these issues and ensure Hoosiers understand just what they’re paying for and how.
MORRIS: Short commute caps move north
We stuck with Hamilton County because it's an easy commute to downtown Indy.
NEFF: Refinance health care reform
The party best situated to manage cost and allocation of benefits (above the safety-net level) is insurance companies.
SMITH-JONES, NICOLINI & KLITSCH: Middle-skill workforce is high-level priority
It’s important to erase the perception that our advanced-industry employers are looking for only college-educated STEM professionals or tech-savvy millennials. Roughly half of all advanced-industry jobs are “middle skill,” requiring a two-year degree or technical certificate.
BOHANON & STYRING: Don't swim against the manufacturing tide
Manufacturing employment as a share of total employment is down from 25 percent to less than 10 percent. It has fallen under every U.S. president since Truman.
SKARBECK: State's investment strategy for pensions not paying off
Following the trend of diversifying investment types has dampened returns for Indiana's public pension plan.
LETTER: Anti-solar bill reinforces state’s backwater image
Our state should be taking steps to encourage the adoption of solar power, not seeking to give control to large utilities.
LETTER: We the People program creates civic engagement
We should pay heed to the proven effectiveness of educational programs like We the People.
Angie's List ekes out profit, but revenue woes persist
Revenue in the fourth quarter dropped 11 percent from the same period of 2015, marking the biggest year-over-year decline in the company's 22-year history.
HHGregg hires outside advisers to help with ongoing woes
Indianapolis-based HHGregg Inc. is turning to investment banks “to pursue a range of potential strategic and financial transactions" as the struggling appliances and electronics retailer battles sinking sales.
Downtown's south end poised for construction projects
A $17 million hotel should break ground in April, while plans for a parking garage could be followed by the construction of two office buildings that would cater to growing tech companies.
Records for Feb. 20-26, 2017
Here are the records listings for Feb. 20-26, 2017.