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Indianapolis Business Journal - June 26 - July 2, 2017

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In This Issue

Front Page

Lilly, Pfizer get boost for non-opioid pain drug

The companies say the drug, now in late-stage clinical trials, could be more effective for pain treatment than opioids—a dangerous category of pain killers that includes hydrocodone, morphine and fentanyl—without the abuse potential of such medications.

Carmel hires New York consultant to promote city, Brainard

In all, the city has paid Rob DeRocker $809,900 in base contract fees, plus nearly $40,000 for travel expenses since 2010, for a total near $850,000.

State considers adding fourth port to strengthen economic development

Already, ports in Jeffersonville and Mount Vernon move goods to and from Indiana along the Ohio, downstream to the Mississippi River and out to the Gulf of Mexico.


Top Stories

Hamilton County Jail adds re-entry, jobs program

The five-week Transitioning Opportunities for Work, Education, and Reality program, known as TOWER, began in April and aims to reduce the rate of inmates’ returning to the county jail.

Hall Render health care attorneys jump to smaller Katz & Korin

Norris Cunningham, who has been Hall Render’s health care litigation practice group leader, will become a shareholder and name partner at the Katz firm, which will be renamed Katz Korin Cunningham.

Novel layout complicated effort to find Marsh buyers for some stores

Rather than featuring long, tall aisles like traditional groceries, the new-format stores featured a courtyard in the center with a dozen “boutiques” around the perimeter, each selling a certain category of goods.

Indy Fuel owners, developer propose $40M sports, entertainment complex

The owners of the Indy Fuel professional hockey team and Indianapolis-based developer Gershman Partners announced plans Monday to team up on a $40 million-plus sports, family entertainment and hospitality complex on 60 acres along Interstate 65 in Greenwood.

City to consider $15.2M in bonds for downtown projects

The bonds would help finance development of a hotel complex on the site of Indianapolis' oldest African-American church, as well as a five-story apartment and retail project near the base of Massachusetts Avenue.

Pharmakon owner, compliance director face criminal charges

The owner and the director of compliance for Noblesville-based Pharmakon Pharmaceuticals Inc. have been charged with multiple criminal counts related to the sale of over-potent compounded painkillers that sickened at least three infants.

City set to solicit new ideas from developers for Old City Hall property

The city of Indianapolis is going back to the drawing board in its quest to redevelop Old City Hall after a proposal to turn the historic downtown property into a 21c hotel fell apart.


Focus

St. Clair Place neighborhood aims to mix it up

Most of the homes not-for-profit NEAR develops in the area are priced below market and sold to lower-income buyers. But it has constructed a handful of houses aimed at market-rate buyers, demonstrating the faith it and other builders have in the neighborhood.

HOME TOUR: Creating a 'mini Europe' in Carmel

Jane and Terry Fleck wanted to create a respite with Old World charm and a formal garden.

Hancock County leaders sketch out, crunch scenarios on key corridor

A six-month-long study of development scenarios along a 10-mile stretch of Mount Comfort Road is feeding local leaders with data on potential projects and helping guide land-use decisions.


A&E, etc.

LOU'S VIEWS: Children’s Museum ‘Dance!’ exhibit demonstrates the right moves

While not overloading visitors with facts, figures and history, “Dance!” does a nice job of introducing styles from around the world.

LOPRESTI: Draft picks that weren’t—and what the Pacers need now

Faced with life after Paul George, team could use another draft like 1987.

DINING: Fountain Square restaurant scene adds a Sidekick

While nothing we tasted defined Sidekick’s as a destination pizza shop, we did find offerings that make it a welcome addition to the Fountain Square lineup.


Opinion

MORRIS: Expand your knowledge at IBJ events

The second half of 2017 is packed with great opportunities for learning and networking.

STUDY-CAMPBELL: Junior League seeks lasting impact

Ninety-five years ago, 10 civic-minded women came together to form the Junior League of Indianapolis.

MEREDITH: State can’t afford two school systems

There is a continued push for national privatization of our kids’ education through voucher expansion, which takes away already scarce resources from neighborhood public schools.

SKARBECK: 'Fake news' infects investing world, too

The SEC has announced enforcement actions against 27 individuals for collecting secret compensation on stock promotion schemes that were disguised as unbiased investment research.

BOHANON & STYRING: Making commodities free comes with a price

Sometimes paying for something is better than getting it for free. Enter private enterprise.

LETTER: Trump’s climate move frustrates architect

According to the U.S. Department of Energy, buildings are responsible for 73 percent of all electricity consumption in the U.S., with about half of that coming from commercial buildings.

LETTER: Beware the gerrymander monster

Don’t let the scary monster get you down. Stand up and fight for the right to be heard.


In Brief

Only two insurers to offer Obamacare plans in Indiana next year

The Indiana Department of Insurance has yet to approve the insurers' proposed higher rates, which will be for those buying individual plans on the Affordable Care Act marketplace next year.

Allegiant to begin seasonal Indianapolis-to-Phoenix flights this fall

The route is one of 28 new routes that the Las Vegas-based airline plans to launch this year.

Music-marketing startup closes $3 million seed round

In its first round of institutional fundraising, Fishers-based Fuzic secured backing from High Alpha, Allos Ventures and Hyde Park Venture Partners.


Records

Records for June 26-July 2, 2017

These are the records for June 26-July 2, 2017.

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