Indianapolis Business Journal - November 27 - December 3, 2017


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In This Issue

Front Page

Chatterbox, a bar that’s barely changed, has helped transform Mass Ave

When David Andrichik bought the Chatterbox in 1982, it sat on a street pocked with second-floor sleeping rooms and grungy storefront businesses.

Entrepreneur parlays IU hoops hysteria into thriving website

Alex Bozich's Inside the Hall, one of the most popular websites covering IU basketball, has a considerable following not only in central and south-central Indiana but throughout the Midwest.

After bumpy year, retailers see cause for holiday optimism

The National Retail Federation is projecting holiday retail sales will increase 4 percent over last year, to $682 billion, on stronger employment and rising incomes.

Top Stories

Kinetrex plans third natural-gas plant to meet exploding customer demand

Kinetrex Energy, which distributes liquid natural gas, has roughly doubled its workforce to 40 people. and pushed from its core market—trucking companies—into agriculture, power generation, asphalt production and other sectors.

State looks down the road at autonomous vehicles

Gov. Eric Holcomb will ask lawmakers in 2018 to authorize the testing and operation of autonomous vehicles on Indiana roads.

GOP losses in Virginia buoy Indiana Democrats' hopes

Democrats in Indiana wield little to no influence at the Statehouse but see recent electoral victories for Democrats in Virginia, Oklahoma and Georgia statehouses as welcoming signs ahead of the 2018 midterm election.

CNO CEO Bonach has left mark on far more than his company

Ed Bonach became active in the community partly to send a message to the company’s beaten-down workforce that “you don’t have to hang your head about being part of this company. We are doing a lot of good things, and we will be doing more of them.”

Once-swanky downtown apartment building receives $5.7M makeover

The 88-year-old, seven-story Wyndham is available for occupancy after owner the Pearl Cos. bought the building and tore the interior down to its studs.

Plan to develop 211 acres at Fishers airport site takes flight

Local officials say the land, part of Indianapolis Metropolitan Airport, could house up to 1 million square feet of new commercial development under a plan approved on Friday.

LDI to lose ownership of motorsports firm that's filed for bankruptcy

In a deal called "one of the most important" stories in the motorcycle industry this year, a company controlled by Indianapolis-based business-holding firm LDI Ltd. has filed for Chapter 11 bankruptcy after racking up about $440 million in debt.


International studies school reignites IU’s global focus

Enrollment at the school has grown 55 percent since its 2012 formation. Today, 631 undergraduates and 162 graduate students are enrolled, according to IU.

Lilly funds program for religion professors

More than 160 faculty have gone through the program, which began in 1991 and has been funded by Lilly since 2002.

University of Evansville opens Changemaker Incubator

Funding for the space came from a $20,000 Ball Venture Fund.

Purdue launches 'affordability grant' to help tackle college costs

Purdue University is rolling out a grant program to help lower- and middle-class Indiana students afford college.

A&E, etc.

LOU'S VIEWS: At Newfields, a little light music

The grounds outside the Indianapolis Museum of Art electrify the holidays.

DINING: Clay Terrace newcomer fights to stand out in burger niche

At Prodigy Burger & Bar, order correctly and the hot stuff gets delivered on a mini-skillet.

LOPRESTI: Holtmann adjusting to basketball life at a football school

At Chris Holtmann's new coaching home, there are no live bulldogs, no student body dressed in blue. Not even any windows in the roof at the Schottenstein Center.


EDITORIAL: Give casino deal a thorough review

If the deal goes through, Caesars will own four of the state’s five highest-revenue casinos. It will generate roughly 54 percent of the tax revenue casinos pay to state and local governments.

MORRIS: Giving thanks and looking ahead

The Thanksgiving holiday is good prep for finishing the year strong.

PATCH: Uncertainty puts damper on manufacturing

Even with all this optimism, many manufacturers feel a chill in the air as a result of a lack of clarity surrounding a few big issues.

THANAWALA: Women in IT—from the classroom to the boardroom

Simply put, girls need to see more women in IT.

SKARBECK: Patrick Industries soars after surviving recession

A great example of a management team that skillfully navigated the brutal economy of 2008-2009 and, over the ensuing nine years, grew a spectacular business is Elkhart’s Patrick Industries.

BOHANON & CUROTT: Be thankful for our private property rights

The pilgrims discovered the hard way the weaknesses in the communal-property-rights model.

LETTER: Personalized learning helps students achieve

Many states have accountability standards that rate “schools” rather than academic progress achieved by virtual students.

LETTER: City must take lead on Circle Centre

Circle Centre mall's decline or failure would have a devastating effect on downtown Indianapolis, the convention center, the hospitality industry and the state of Indiana.

In Brief

Insurance giant adding 400 jobs in $14M expansion in Carmel

The Boston-based insurer said it will lease 56,000 square feet in the Parkwood Crossing office complex to accommodate the expansion.

Maker of opioid treatment planning Indy-area expansion

Innovative Health Solutions Inc. recently received FDA approval for a device that treats opioid withdrawal symptoms.

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