Indianapolis Business Journal - January 12-18, 2018


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In This Issue

Front Page

Simon estate gift creates ‘potentially tough situation’ for small foundation

The Great American Songbook Foundation now has the expensive responsibility of maintaining the 107-acre Asherwood, including paying a nine-person maintenance staff.

Tight job market opens doors for ex-offenders

Once shunned as too risky to hire, men and women with criminal records are finding more open doors in business and industry.

Injury expert sports huge following

Despite having no professional medical background, Greenwood resident Will Carroll has become one of the top media experts nationally focused on sports injuries.

Top Stories

Greenwood sports-complex project stalled over energy rebate

A $25 million Greenwood sports complex is on ice while its developers try to work out a deal to get a sizable, one-time rebate from Indianapolis Power & Light Co.

Landlord holds key to Twin Aire neighborhood transformation

Chicago-based Mer Car Corp. owns the 95,700-square-foot strip center anchored by a Kroger, where Southeastern and English avenues meet, just west of where the justice center is set to be built.

Busiest bus routes to get more frequent service sooner

The Indianapolis Public Transportation Corp. plans to add more night and weekend service on its two busiest routes, plus a handful of others, starting Feb. 11.

Was $115M Anthem settlement deft lawyering or dud?

Class action lawyers who negotiated a $115 million settlement with the insurance giant over its 2015 data breach are seeking $38 million in attorney's fees.

Indy council president Lewis ousted in 'coup' by pastor facing sexual misconduct allegation

Five Democrats joined nine Republicans on the council to propel Stephen Clay over the finish line for the body's top leadership post.

Nearly a dozen Indiana communities sue opioid industry in new flurry of suits

A wide array of cities, towns and counties are blaming opioid makers and distributors for flooding their communities with addictive painkillers.

Artist Noel upgrades Zionsville landmark in hopes of making it more marketable

She has listed the historic church building since 2015, originally for $1.85 million, but has dropped the asking price to $1.59 million as she finishes a second round of renovations.


Will bull market continue through 2018? Financial pros weigh in

As 2018 gets under way, investors are wondering whether the good times will continue to roll. Some financial pros are optimistic, thanks to the economy’s robust growth and the anticipated stimulative effects of the GOP’s newly passed tax-reform plan.

HALSTEAD: What businesses should know about new tax law

It will take years to get the Tax Cuts and Jobs Act of 2017 all sorted out, but here’s some of what we know now.

A&E, etc.

TRY THIS: Pub prioritizes pingpong

Smash Social features six tables, avocado toast, and curated drinks.

LOPRESTI: Two life-threatening illnesses don’t keep Butler’s McDermott family down

Son back on Hinkle Fieldhouse court, mom in the stands after coming back from brink.

LOU'S VIEWS: Intimate ‘Hedwig’ rocks on

Is it too soon to start compiling a Best of 2018 list?


EDITORIAL: Governor should take lead on redistricting

A state that counts talent retention and attraction among its biggest challenges can’t afford to ignore the long-term consequences of a system that invites voter apathy.

MORRIS: Allow death with dignity in Indiana

We help our four-legged friends slip away peacefully. Why do we insist that humans suffer?

GUY: When scholarships are like ear muffs

In the context of annual higher education expenses of $15,000 to $60,000, these grants represent little more than lunch money and minor relief for parents.

SMITH: Demystifying university endowments

To ensure donor endowment gifts generate income that keeps up with inflation, we do not spend all the investment returns each year.

FEIGENBAUM: Political veteran Gard keeps focus on public interest

Former state Sen. Beverly Gard has been deftly wrangling her former colleagues as she leads a commission considering changes in the state's alcohol laws.

KIM: Focus on the ‘signal,’ ignore the ‘noise’

Headlines and talking heads are noise to be ignored.

BOHANON & CUROTT: Think twice about biting on digital Bitcoin

Bitcoin is a speculative asset. People demand bitcoins today because they expect someone will pay a higher price tomorrow. We have seen this movie before.

LETTER: Prioritize kids in budget

Indiana’s children are the victims here, and as a member of the State Budget Committee, I have called on DCS and the Budget Agency to explain what is going on.

LETTER: Reduce distracted driving

People who text are 23 times more likely to crash than others.

In Brief

Local agricultural giant JBS United changing its name

One of the Indianapolis-area’s largest private companies is taking on a different name to better reflect its mission in livestock health.

Allegiant adding nonstop flights to Sarasota, Charleston

The Sarasota service, which will operate year-round, begins April 11. The Charleston service, which begins April 6, will run seasonally from Easter to October or November.

Oregon-based maker of premixed cocktails moving to Indy, creating up to 51 jobs

Blue Marble Cocktails and Spirits is spending more than $9 million to relocate its headquarters and establish manufacturing locally. It plans to create annual capacity to produce three million, 24-can cases of its cocktails, which range from Cinnamon Toast to Bloody Mary.

British retailer boosts Finish Line stake to 35 percent

Sports Direct International again has increased its holdings in the Indianapolis-based athletic shoe and apparel retailer.

Bill proposes faculty grants as way to ease nursing shortage

Senate Bill 28 would offer grants of $5,000 a year to eligible instructors at Indiana nursing programs, with a lifetime cap of $25,000.

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