Indianapolis Business Journal - October 30 - November 5, 2017
In This Issue
Pacers generate record revenue from ancillary events at fieldhouse
Pacers Sports & Entertainment finished a record year this summer—not on the court but in its management of Bankers Life Fieldhouse.
More firms giving employees voice in gifts to charity
Some companies are offering employees money to donate to charities with no strings attached, while other initiatives are designed to reward volunteer efforts.
Eskenazi Health getting national recognition for healthy, fresh food
A movement is burgeoning at the hospital system to lead by example in food and nutrition.
$1B bank merger notable for absence of egos
An army of MainSource Financial Group executives will have key roles at First Financial Bancorp after First Financial completes its purchase of the Greensburg-based bank early next year.
Smulyan’s willingness to help out has led him in many directions
Broadcast executive Jeff Smulyan’s career-spanning commitment to Indianapolis earns him the distinction of being the 24th recipient of IBJ’s Michael A. Carroll Award.
Startup growth improves in metro Indy
The Kauffman Index of Growth Entrepreneurship says the area now ranks 10th among the 40 largest metro areas when it comes to what Kauffman calls "growth entrepreneurship."
Tiny hospitals project hefty earnings
St. Vincent’s new “neighborhood hospitals” are so small you fit three on a football field. But there’s nothing small about the profits the hospitals might rack up.
Lucases plan to keep hosting parties, despite Carmel zoning decision
In September, the Carmel Board of Zoning Appeals denied a variance request from Forrest and Charlotte Lucas to allow for large gatherings on their massive West 116th Street estate. That decision hasn't stopped the parties.
Renovated downtown office building lands tech tenants
The J.F. Wild Building on East Market Street, a vacant tower recently restored with a $7 million rehab, now has occupants for about half of the building.
Food insecurity, hunger vex large swath of Indianapolis residents
Lilly considers sale, spinoff of Elanco animal-health business
The company announced Tuesday that it is reviewing options for the Greenfield-based division, "including an initial public offering, merger, sale, or retention of the business."
Wi-Fi-enabled devices automate more houses
Smart-home products are poised to become a $60 billion global industry, according to research firm MarketsandMarkets. Yet consumers need spend only a few hundred dollars on each item to make their lives more automated.
IU’s first couple act as ‘stewards’ of presidential home
IU President Michael McRobbie and his wife, Laurie Burns McRobbie, don’t live at Bryan House but it’s still a busy place.
Residential Real Estate: Marketplace for October 30, 2017
The housing market remains strong—and sales could surpass last year’s record—despite the low inventory of homes for sale, says F.C. Tucker President Jim Litten.
Buyer’s restoration of Saddlebrook Golf Course under way
Neighbors who raised $250,000 to help save the northwest-side course are set to gather early next month to celebrate the progress on the course.
Central Indiana homes sales tick up amid tight inventories
The total number of active central Indiana home listings dropped 12.9 percent, from 11,013 a year ago to 9,589 at the end of last month.
Equicor developing Reagan Park extension
Equicor Real Estate LLC’s plans call for 165 single-family homes to be constructed by CalAtlantic Homes of Indiana, as well as 98 senior apartments and 40 assisted-living units.
Counties populated with Democrats losing population
High housing costs in blue counties is the biggest factor contributing to the population loss, Redfin said.
LOU'S VIEWS: Unique narrator anchors the return of John Green
In “Turtles All the Way Down,” Indy’s crown prince of young adult novels, is back in all his John Green-ness.
DINING: Rize shines at Ironworks location
You could go to work afterward without feeling ashamed of yourself.
LOPRESTI: Butler’s Joey Brunk gets to be a basketball player again
After illness and grief that made sports secondary, he's ready to return to the game he loves.
EDITORIAL: City should prepare for what could be dicey Pacers negotiation
Pacers officials already want to start negotiating the next deal. That won’t be cheap. Owner Herb Simon says he's looking for a “major redo” of Bankers Life Fieldhouse.
MORRIS: Leading the fight against hunger
The takeaway from panels' sobering discussion? Get involved.
WHITE: Why resilient design matters here
As we just witnessed, the consequences of urban sprawl and overdevelopment, especially in a low-lying area like Houston, can be devastating. But resilient design is not just about buildings. It’s about people.
BELTON: The public benefits from manufacturing
Indiana—arguably the leading manufacturing state in the nation—has a particularly compelling story to tell.
LETTER: Manufacturing is not dead
Despite slumps in U.S. manufacturing as a whole, in Indiana, it has remained a mainstay for decades. It’s in a position to grow, especially as companies look to “reshore” their operations back to places in the Midwest.
LETTER: Shocked, stunned, sobered
With Indianapolis in 2015 at 21.3 percent of the population in poverty, that is more than one in five people or 175,623.
LETTER: Lucases help not-for-profits
The ability to host a high-end event that does not blow our budget means that organizations like ours can focus more on mission delivery (and less on more fundraising).
LETTER: We can all be Peyton Manning
Anyone can be a hero—all it takes is a willingness to serve others simply because it’s the right thing to do.
LETTER: State not progressive on social issues
Indiana’s politics stand in sharp contrast to our aspirations to be a progressive state when it comes to courting business.
Lilly plans $72M upgrade for Indianapolis insulin operation
The Indianapolis drugmaker said it will use the money to replace an existing line that fills vials for Humalog and Humulin and to prepare for new insulin products.
Indy-based consulting firm buys company in nation's capital
The acquisition gives HighPoint Global about 350 employees and annual revenue of $140 million.
Study: Premiums for popular Obamacare plan up 34 percent
Premiums for the most popular Obamacare plans are going up an average of 34 percent nationwide, according to a new study. But the increases aren't as high in Indiana.
Regal Cinemas plan would let you pay less for flops, more for hits
Regal Entertainment Group is testing demand-based pricing for movies, a big change for an industry that typically uses a one-size-fits-all approach.