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Indianapolis Business Journal - April 24-30, 2017

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In This Issue

Front Page

New hospital to rewrite rules of psychiatric care

Indiana’s newest state psychiatric hospital, which is about to rise on the campus of Community Hospital East, is designed to fill a critical gap in the state’s mental health landscape.

How Dow won fight to save key product

When Dow AgroSciences needed to battle a proposed federal ban on one of its most important products, it drafted an army—its farmers.

Neighbors raising money to aid potential buyer of Saddlebrook Golf Course

The public course, an anchor for the neighborhood bounding West 56th Street in Pike Township, closed in late 2015 after the previous owner defaulted on a $2.4 million bank loan.


Top Stories

UIndy president makes headway on plan to lift neighborhood

Robert Manuel has become highly educated in real estate development since arriving almost five years ago as president of the University of Indianapolis.

Former Ivy Tech, ITT execs form firm

Former Ivy Tech Community College President Tom Snyder and at least four former ITT Educational Services officials have banded together to start an education-services company.

Bank of America’s existing base is advantage in entrance here

Bank of America already has customers here, but is now opening an actual branch—in the street-level retail space in the new Cummins Inc. distribution headquarters downtown.

Running low on funds, Vonnegut museum seeks speedy outcome to legal fight

The museum devoted to the late local novelist says its lease dispute with a building owner on Massachusetts Avenue threatens the survival of the not-for-profit.

British retailer raises eyebrows by buying big Finish Line stake

Sports Direct International pl, which now holds a 7.9 percent stake worth $47 million in Indianapolis-based Finish Line, isn't commenting on its intentions.

Angie's List executive Towns leaves after dozen years with company

Senior Vice President of Product Shelly Towns said she wanted to get out of her "comfort zone" and is looking for new opportunities.


Focus

NBA All-Star Game would mean global marketing bounce

The NBA All-Star Game is broadcast to 215 countries and territories in 49 languages, according to NBA officials. In China alone, nearly 40 million people watch the game and another 10 million do so in Europe.

Check out what's new in attractions across Indiana

A mascot museum, a hydroplane race and new sections of an existing southern Indiana cave are among the newest adventures awaiting tourists.

Forecast for 2018 Indy hotel bookings brightens

Speedway takes page from Super Bowl playbook


A&E, etc.

LOPRESTI: Meet a locker room full of coaches who’ve stayed off the carousel

These men and women have been leading their teams for decades, some close to 50 years.

DINING: New pizza outfits sell by the slice

In Fountain Square and on Mass Ave, dining options expand.


Opinion

RICKS: Tax reform would deliver Hoosier jobs

Lilly would be investing even more here if the U.S. House Republican blueprint for tax reform were already in place. So would the nearly 8,600 Indiana companies that sell products in foreign markets.

MOHR: Time to move Indy Eleven to MLS is now

Our bid allows our community a one-time chance for Indianapolis to bolster its sports reputation for decades to come by bringing the “world’s game” here at the highest level possible on a permanent basis.

EWER: Organic produce gets a piece of the pie

The world’s largest food companies have been forced to reinvent the very brands and product ingredients that drove their profitability for decades because of consumer demand for cleaner foods.

FEIGENBAUM: Legislators agree to sacrifice perfect for good

The process works largely because legislative leaders and the governor—regardless of the party in charge—offer benevolent and pragmatic leadership, aberrational overreaches (and overreactions) aside.

KIM: First quarter of this year a mirror image of 2016

We think smaller-cap stocks are poised to do better, as they tend to have less international exposure and pay higher effective tax rates.

BOHANON & STYRING: Study vouchers but don't limit availability

Assuming the government’s interest is in educating the child and not in providing employment at public schools, the state should be indifferent as to how and where the educating takes place.

LETTER: Ricker’s owner got it wrong

Every time there is a major retail data breach, the banking industry comes to the rescue. The sad reality is that banks must cover the fraud costs of data breaches, even though they are not to blame.


In Brief

KAR Auction acquires startup tech company for $43 million

Carmel-based KAR Auction Services Inc. said the acquisition of Chicago-based startup CarCo Technologies Inc., which does business as Drivin, will beef up its technology capabilities.

Butler receives $9.4M gift from estate of Indianapolis insurance agent, wife

Butler University said the donation from the estate of Winstan “Bud” Sellick and his wife, Jacqueline, will be shared among athletics, the Lacy School of Business and general university support.

Carmel proposes $13.4 million 'road diet' for Rangeline Road

The project will eliminate three of the five existing travel lanes from 116th Street to Main Street, add roundabouts at intersections, install a landscape median through the corridor and put multipurpose paths on both sides of the road.

Three area communities on short list to land Little League regional HQ

Little League International announced Thursday that it had narrowed the field to five finalists, with three in the Indianapolis area and two in Illinois.


Records

Records for April 24-30, 2017

Here are the records listings for April 24-30, 2017.

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