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Indianapolis Business Journal - April 10-16, 2017

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In This Issue

Front Page

Insurance giant buying American Health Network doctor group

In the latest sign of health care consolidation, Indiana’s largest independent physician group has agreed to be acquired by the nation’s largest health insurer for $184 million.

Marian medical school's first graduates could fill primary-care dearth

Almost half of graduating students in Marian University's novice College of Osteopathic Medicine are choosing to serve residencies in family medicine.

Republicans jockey to take on Donnelly in 2018

Indiana Republicans have more than 18 months before they attempt to unseat vulnerable Democrat U.S. Sen. Joe Donnelly in the 2018 midterm election, but the race is already heating up.


Top Stories

Inside Jonathan Byrd's eviction from Westfield's Grand Park

The company dreamed of becoming a major hospitality industry player and saw Grand Park Sports Campus as the place to hit a home run. But there were signs of trouble from the start, and unpaid bills quickly piled up.

Indiana’s tech scene has a lot of things going for it, but venture capital isn’t one

The average amount of venture capital flowing into Indiana companies per deal is the lowest in the Midwest and among the lowest in the country.

Local developer buys downtown's One North Penn building

Loftus Robinson acquired the 16-story office tower from a Florida firm and plans to embark on a facade renovation to restore its historic character.

Judge's ruling ends civil suit against former Irwin Union bank officers

An Indianapolis judge has ruled in favor of three former Irwin Union Bank & Trust Co. executives, closing the book on a civil suit that the bank's bankruptcy trustee originally filed in 2011.

Dreyer & Reinbold spending ‘millions’ to upgrade north-side dealerships

The BMW showroom is undergoing a major revamp, following expansions of its sibling Infiniti and Mini Cooper properties.


Focus

Experts see cargo biz increasing at Indy airport

That’s important for Indianapolis International, where cargo represents a significant portion of landing weight. And landing fees that airports charge carriers are weight-based.

Ivy Tech, Allison Transmission team on tuition program

Rolls-Royce engine approaches flight-hour milestone

Calumet board member retires

Three bottlenecks make list


A&E, etc.

LOU'S VIEWS: Petals and feathers populate IMA exhibitions

With a flower show outside supplemented by exhibitions focusing on birds, you might question the very nature of the IMA.

DINING: Mass Ave newcomer Garden Table is fine spot for a fresh, midweek brunch

The airy spinoff of its farm-to-table Broad Ripple namesake stresses simple dishes with natural ingredients.

LOPRESTI: The Bard foretells our games

The winter of our sports discontent has Shakespearean twists and turns.


Opinion

EDITORIAL: City should unleash NBA all-star effort

Indianapolis and the Indiana Pacers should hold nothing back in their quest to land the next sports economic-development prize on the horizon: hosting the 2021 NBA All-Star Game.

RICKER: How banks got their hands in your pocket

Buy $40 worth of gas and the bank will grab as much as $1.60 right off the top for a transaction that costs it just a few cents.

HARRIS: Lawmakers must invest in IPS success

For years, state and community leaders have been calling for these types of reforms in IPS, and now that they’re in motion, such changes have put the district on a path toward dramatic improvement.

SMITH: Revenue forecasts are remarkably accurate

Indiana is among 15 states that implement the best practices outlined by the non-partisan Center on Budget and Policy Priorities for methodology and processes. Kentucky is the only nearby state that can make a similar claim. But it’s Indiana’s process for forecasting tax revenue that stands out.

FEIGENBAUM: Regulatory agencies face scrutiny—whatever their tack

No one in the regulatory-discretion debate is pleased with extremes taken by their opposites, but a happy philosophical medium is elusive.

KIM: Are 'tontines' from 1653 a fix to retirement crisis?

For a possible solution, let’s turn to Italian banker Lorenzo de Tonti, who in the 1600s proposed a “tontine” to Louis XIV as a way for the French king to finance his wars.

BOHANON & STYRING: Those favoring robot tax driven by unfounded fears

the technological innovations of the last 60 years have replaced some jobs, but they have created new jobs that were unimaginable in 1957.

LETTER: Trash burdens once-clean city

We live on 86th Street, about five blocks from Ditch Road where there are a multitude of places to buy a snack or a beverage.

LETTER: Confused by political column

A business owner should want to mentor women to be leaders, not just leaders who are Democrats.


In Brief

City to spend $3.8M on website overhaul

Indianapolis officials have started a two-year process for building a "modern, mobile-friendly" Indy.gov, intended make government services more efficient and accessible.

Fishers-based quality-control firm plans to add 250 workers

Stratosphere Quality, which inspects parts and helps manufacturers eliminate defects, said that it will invest $3.7 million to expand its headquarters at 2024 Exit Five Parkway.

Carmel gets first co-working space with opening of Platform 24

A variety of co-working spots have emerged in Fishers, Zionsville, Westfield and Indianapolis over the past several years, but Carmel is just getting its first one.


Forefront

BROWN: Solar bill is wrong move for GOP

The hypocrisy that I resent the most is the absurd contention that the Legislature’s serving as lapdog for large corporate concerns is done for my well-being.

ZYCHER: SB 309 offers real reform for Indiana power consumers

Over time, the legislation will reduce the net metering subsidy transferred from some customers to others and decrease incentives in the system to drive costs upward.

What is happening while we aren’t looking?

SHELLA: Republicans prepare for family feud in Senate race

We can all jockey for ringside seats as we prepare for another Republican family feud. There is good reason to expect that both U.S. Reps. Todd Rokita and Luke Messer will enter the race.

SMITH: Nation will be watching Indiana Senate race

To keep his seat, Joe Donnelly will need to navigate issues and votes such as the confirmation of Supreme Court nominee Neil Gorsuch and reforming the U.S. Environmental Protection Agency in a way that holds his base and left-leaning donors while not offending too many Hoosier voters.

SCHNEIDER: Pence knows 'no,' and 'no' was what he got

It seems Vice President Mike Pence was asked to do a job he had almost no experience in at all: compromise.

WAGNER: How about less mindless finger-pointing?

Let’s stop referring to stories of bipartisan collaboration as “refreshing” and “uplifting” and start expecting that kind of behavior as the norm.

SHABAZZ: Trump supporters hit hard by president's cuts

Government spending, in the grand scheme of things, isn’t getting under control.

SHEPARD: Hoosiers have a history of supporting roads

Building the state’s transportation network, of course, is hardly just a matter of loyalty to our slogan about being the “crossroads.” It’s a key to our own economic future and that of our children.

LEPPERT: The art of the gerrymandering re-deal

What is blocking progress for the Republican-controlled power structure in Washington right now is the presence and uncompromising approach of the Freedom Caucus.

WOLLEY: Indy should affirm it's a welcoming city for immigrants

The national discourse on immigration is affecting not only our immigrant neighbors but also U.S. citizens here.

DANIELS: Another in the long list of reasons to fund pre-K

Early brain development is crucial: In just the first two years of a child’s life, neurons in the brain are frantically connecting to achieve the level of cognition necessary to live a successful life.

IRELAND: Seeing the forest through the trees

Topics like that of Russian influence should be investigated, but clinging to the latest piece of circumstantial evidence or giving weight to anonymous sources and witty headlines does the nation a disservice. All the while, beltway media and Washington’s most powerful continue to largely ignore a culture of pervasive corruption.

RITZ: Lawmakers have not made K-12 funding a priority

Our children deserve better. Our schools deserve better. Our teachers deserve better.

SIDDIQUI: Holcomb will be 'beacon of hope' for diversity

Gov. Eric Holcomb hosted Muslim Hoosiers at the Muslim Alliance of Indiana-organized Muslim Day at the Statehouse a few weeks ago.

The king of crash and burn

The strange persistence of guilt

Trump is wimping out on trade

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