Indianapolis Business Journal - February 16-22, 2018


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In This Issue

Front Page

Bill alleviates liquor-permit scramble in suburbs

A state Senate bill aims to provide additional alcohol permits to a handful of municipalities, and even a major mixed-use development in downtown Indianapolis.

Circle Centre not only option for downtown Target

If the Minneapolis-based retail giant finally takes the plunge downtown, it might be at another site that almost no one is talking about.

Markey’s morphs with the times into juggernaut

In 57 of its 58 years, Indianapolis-based Markey's Rental & Staging has experienced year-over-year revenue increases. Only the Great Recession, in 2009, derailed Markey’s amazing streak.

Top Stories

New Community East is big bet as industry revenues slow

It will be smaller and sleeker and—if all goes according to plan—might actually make money, rather than ending each year in the red or barely breaking even.

Fierce battle set in GOP Senate race

It’s going to be ugly and expensive. That’s the message political experts are sharing about the Republican primary that will decide who will challenge Democratic U.S. Sen. Joe Donnelly in the fall.

Hot off the presses: a freshened-up IBJ

You’re holding in your hands a redesigned IBJ with a cleaner, more modern style and a host of new features we hope will make the publication an even more indispensable part of your weekly routine.

Activist investor group not happy about possible Lids sale

An investor group had been pressuring Genesco Inc. to sell some of its holdings, but says it's not happy that Zionsville-based Lids is the unit Genesco wants to divest. Meanwhile, analysts have mixed opinions about the possible sale.

Bassoonist settles age-discrimination lawsuit against symphony

Bassoonist John Wetherill, 63, alleged years of age discrimination and harassment by Indianapolis Symphony Orchestra conductor Krzysztof Urbanski, and said ISO leadership knowingly allowed it to occur.

Affiliate of north-side accounting firm setting up shop on Monument Circle

KSM Consulting, part of Katz Sapper & Miller, is moving half of its employees downtown to a redesigned space just above street level on the city's highest-profile real estate.

IPS leaders could scale back their appeal for tax increases

The Indianapolis Public Schools board is likely consider a proposal next week that would reduce the district's planned funding request. IPS officials have been planning to ask voters for up to $936 million over eight years.


Hectic city schedule makes hosting football national championship trickier

Indianapolis officials say they’re up for the challenge of hosting the eighth annual College Football Playoff National Championship in January 2022, even as they're planning six other big sporting events that take place within a 13-month stretch.

Gen Con tickets selling at record pace, on course for sellout

Coming off its first sellout of attendee badges in its 50-year history, officials for the massive gaming convention expect ticket sales for this summer's event to close well before the doors open.

A&E, etc.

Themed trivia draws super fans to show off pop-culture knowledge

Bars have begun offering trivia nights focused on a particular pop-culture topic, instead of general trivia, which draws devoted teams of super fans.

Q&A: Winston Moore, a downtown barber who keeps secrets—but spreads news

Winston Moore, 71, has been cutting hair and telling stories in the basement of what's now known as Regions Tower since 1971, save for a six-year stint he spent in California.


EDITORIAL: Familiar failures at Statehouse

In a session mostly void of distracting social issues, legislators haven't been able to pass—or even muster a vote—on a host of high-profile measures, some of which have been rattling around the Statehouse for years.

MAURER: Promising investment may save lives

This novice stock picker isn't afraid to flag potential when he sees it.

JAY & McCABE: Indiana's plan for spending VW money falls short

Indiana should prioritize projects where diesel emissions are high and population is dense or particularly vulnerable.

RUSSOMANNO: Autonomous autos mean safer streets, stronger economy

With vehicle automation a transformative trend in transportation, it’s important that Indiana be a crossroads of research and development.

WORKPLACE: The answer will always be ‘no’ if you don’t ask

A study highlighted in Harvard Business Review shows starting salaries of male MBAs from Carnegie Mellon were almost $4,000 higher than those of female MBAs. The researchers said that’s because most of the women “simply accepted the employer’s initial salary offer.”

FEIGENBAUM: Session’s second half narrows issue focus

This is the time when tensions can rise and the process can break down over assorted concerns.

SKARBECK: Volatility gives investors reality check on expectations

In the 15 months after the presidential election, the stock market rose as if it were on rails. As the calendar turned to February, market volatility returned with a vengeance.

BOHANON & CUROTT: Increasing immigration would help economy

Like with any policy, some benefit and some lose from immigration, but the overall effect is positive.

LETTER: Legislative action hurts Indy’s Amazon chances

Perhaps most detrimental to our area’s bid for HQ2 is the backward image created for our state by the actions and lack of actions by our state government.

In Brief

Former Angie's List CEO strikes deal to buy company's HQ campus

Bill Oesterle and a group of investors have agreed to purchase the 17.5-acre site on the near-east side and could close on the deal in March.

Riverview Health to open 4 combination ER, urgent-care centers

The fast-growing health system, owned by Hamilton County, plans to begin construction this year and open the centers in Carmel, Fishers and Indianapolis in 2019.

Indiana Senate leader Long retiring from Legislature

Senate President Pro Tem David Long of Fort Wayne announced his decision Tuesday, saying that his resignation will take effect in November.

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