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Indianapolis Business Journal - October 30 - November 5, 2017

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In This Issue

Front Page

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.


Top Stories

$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

hunger Riggs watch videoNearly 175,000 food-insecure people live in the city. About 47,000 of them are children, whose ability to learn and thrive can be hampered, according to panelists at a local hunger summit on Friday.

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."


Focus

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.


A&E, etc.

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.


Opinion

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.


In Brief

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.

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