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Indianapolis Business Journal - May 15-21, 2017

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In This Issue

Front Page

Buyer of WTTV, WXIN known for frugality, conservative politics

Could Sinclair Broadcasting Group make staffing cuts and/or push the stations to the political right?

Neighbors try to save 86th Street woodlands from development

A developer wants to build a $20 million office and retail building at the northwest corner of East 86th Street and North Keystone Avenue.

3-year-old CraftMark Bakery already employs 265, plans big expansion

The commercial bakery, which makes frozen bread dough and cookie dough and baked flatbreads for Subway and other quick-service restaurants, started out big and says more growth is coming.


Top Stories

BEHIND THE NEWS: Inside the issues that grounded Celadon

The trucking company's financial statements became decidedly more opaque after October 2015, when it set up an off-balance-sheet truck-leasing joint venture in which management held ownership.

DeveloperTown has success helping larger firms innovate

DeveloperTown has been growing revenue about 40 percent annually over the past five years, a rate that far exceeds what leaders expected when they founded the company in 2010.

Legislature tells Holcomb to tackle workforce overhaul

Lawmakers had big plans in 2017 to overhaul a disjointed workforce-development system, but after nibbling around the edges, they have tossed the hardest work to Gov. Eric Holcomb.

UPDATE: Marsh Supermarkets files for Chapter 11 bankruptcy protection

The struggling grocery chain announced the move Thursday morning as it seeks a buyer for all or some of its remaining 44 stores.

IU to add 16 faculty members for $55M climate change initiative

The centerpiece of the initiative will be a new Environmental Resilience Institute, based in Bloomington.

Proposal aims to boost minimum city employee pay to $13 per hour

Indianapolis leaders want to encourage businesses to pay livable wages. The City-County Council's president says that's a tough sell when the city hasn't done that for all of its own employees.


Focus

Changing times for the bank branch

In-branch transactions are declining as customers complete more business via online and mobile banking. Still, banks say physical offices remain important for a variety of reasons.

MainSource acquires Greenwood investment firm

Credit union expands insurance agency


A&E, etc.

LOU'S VIEWS: New Chicago museum focuses on write stuff

American Writers Museum includes Vonnegut, Riley and even a few scribes not from Indiana.

Hidden dining adventure awaits just off Mass Avenue

LOPRESTI: Epic dry spells for some of the biggest names in sports

Impatient with your favorite team? If misery loves company, this is for you.


Opinion

EDITORIAL: Setback shouldn’t derail Anthem

we understand why Anthem's board and management made an aggressive bid for increased scale—and we think their reasoning was well-founded. In fact, we welcome the company's go-for-it mind-set.

MORRIS: Lawyers who make a positive impact

This year's Leadership in Law class honors those whose work touches the community.

McROBBIE: Meeting Indiana marketplace demands

For Indiana to remain viable in today's ultra-competitive marketplace, it is critical that we fill our talent pipeline with highly skilled, smart, flexible and experienced workers who will thrive in an ever-evolving economy.

KENLEY: Improve I-65, I-70 to six lanes and toll

URBAN DESIGN: Phoenix, other stakeholders can re-create a neighborhood

Theater can help jump-start transformation of an area marked by one-way streets, parking lots.

SKARBECK: A business day marked by blizzard of big stories

May 2 was a lollapalooza day in Indiana business, as three companies delivered significant news.

BOHANON & STYRING: Marsh liquor sell-off was an economist's dream

Indiana’s byzantine liquor laws recently provided a clean textbook example—a natural experiment—of the Law of Demand.

Health care column was too simplistic


In Brief

Humane Society hires Stolen as new chief executive

Steven Stolen, who has a lengthy resume in the arts, education and not-for-profit fundraising, begins the new role June 1.

Westfield council votes against Wood Wind housing plan

Plans for the 856-home project, initially pegged at 780 acres, were introduced in August. Even after developer Pulte Homes made major revisions, the Westfield City Council on Monday scuttled the plans.

Emmis sells powerhouse Los Angeles hip-hop station for $83M

KPWR-FM, which Emmis has owned for 32 years, has long been one of the most popular stations in the massive Los Angeles media market. Emmis shares soared after the announcement.

Lawmakers bail out Pence with $5.5M for bicentennial projects

A provision tucked into Indiana's next two-year budget sets aside funds to pay for an elaborate plaza built outside the Statehouse and upgrades to the state library to mark last year's state bicentennial.


Records

Records for May 15-21, 2017

Here are the records listings for May 15-21, 2017.

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