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Indianapolis Business Journal - July 24-30, 2017

$10.00

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In This Issue

Front Page

Carson's in Circle Centre is part of reeling department store firm

The parent company of Circle Centre mall’s sole anchor, Carson’s, is facing steep challenges, with some retail experts wondering whether it will be the next big chain to collapse.

After fessing up to failings, travel-insurance firm remakes itself

With the help of an outside consultant, Carmel-based Seven Corners Inc. has spent nearly three years on a corporate overhaul.

Auto-auction powerhouse KAR investing heavily in digital transformation

The used-car auction business might sound like a low-tech industry, and one destined to stay that way. But KAR’s executives think otherwise.


Top Stories

Will new Pacers roster fill seats at Bankers Life Fieldhouse?

The Indiana Pacers sales staff is gearing up for a crucial three-month stretch before the season tips off.

Hospital systems blitzing area with urgent care centers

Urgent care centers, which already seem to have blanketed nearly every retail strip and neighborhood in central Indiana, are continuing to spring up at a surprising rate.

Simon, Kite seek to dispel ‘retail apocalypse’ narrative

Some portfolio managers believe the market is painting the retail sector with too broad a brush. Yes, they say, many malls will go under, as will many retailers. But developers focusing on high-end properties—a description that fits both Simon and Kite—should fare just fine.

URBAN DESIGN: Our parks get a bad rap—even though spending lags

National ranking doesn't tell the full story of Indy's green spaces.

Carmel's proposed City Center hotel expected to cost $38 million

The proposed high-end hotel at Carmel's City Center would be partially owned by the city, which would use bonds to finance it.

Apartments, grocery proposed in $32M renewal effort on key stretch of 38th Street

Plans are taking shape to revamp dilapidated and underdeveloped properties in the Maple Crossing area, north of 38th at Illinois and Meridian streets.


Focus

As Lucas Oil Stadium nears 10th year, new director rolls out ambitious agenda

Eric Neuburger, hired in April to run Lucas Oil Stadium, hopes to draw more conventions and other non-sports events to the $720 million venue.

$20M hotel to be loaded with eateries

Ironworks Hotel Indy will feature 15,000 square feet of street-level retail space, including Blue Sushi Sake Grill, Massage Heights and Cunningham Restaurant Group’s Rize. Cunningham also will operate Provision in second-floor retail space.

Visit Hendricks County giving $10,000 in tourism grants

Visit Hendricks County will award a total of $10,000 in 2017 to support local events that entice visitors to the county.


A&E, etc.

LOU'S VIEWS: Herron artists head north

Plus a mission to Chicago's new spy-themed eatery

DINING: New Mass Ave gyro joint won’t bust your budget

Just don't expect all the info you need to be on the menu.

LOPRESTI: Delight your friends with these fun facts about new Colts players

Meet a hero, a swim champ, a nationally ranked lacrosse player and others with interesting pasts.


Opinion

MORRIS: Health care wheel-spinning continues

Republicans better at campaigning on health care than changing it.

OSILI: Older employees are crucial to our workforce

Years of life experience, maturity and age-accumulated wisdom suggest a tech-smart older workforce is greatly beneficial to any community.

SPRINGER: Broad Ripple High should remain a school

Yes, boutiques and coffee shops are wonderful amenities, but schools are often the determining factor for families choosing a home or neighborhood.

SKARBECK: Target-date funds aren't always best 401(k) option

Investors have different financial profiles that might require a more hands-on approach.

BOHANON & STYRING: It's time to own up to Social Security shortfall

No myth causes more mischief than the fiction of the “Social Security Trust Fund.

LETTER: Vouchers' effectiveness completely unproven

Basically, we have a one-party political state that holds itself up as being conservative yet we continue to take millions of dollars out of the public school system and plow it in to vouchers and charter schools without any significant, measurable, or quantifiable increase in student achievement.

LETTER: Canal park plan reflects ‘irrational exuberance’

Goodbye restful greenspace, hello garish hardscape showcase.


In Brief

Great American Songbook Foundation joins forces with Grammy Museum

In a move that puts it in the company of the National Blues Museum in St. Louis and the Beatles Story in England, the Carmel-based Great American Songbook Foundation has been named a Cultural Affiliate of the Grammy Museum.

Indy-based parking tech company buys Atlanta software firm

With the deal, T2 Systems gains access to new U.S. markets, its CEO said.

Carmel awards $28.8M contract for 96th and Keystone roundabout

The Carmel Board of Public Works approved the agreement with a Goshen-based construction contractor at a meeting Wednesday morning.


Records

Records for July 24-30, 2017

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

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