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Indianapolis Business Journal - April 6-12, 2018

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In This Issue

Front Page

How well does Indy rate on Amazon's scorecard for HQ2?

Using the criteria the internet giant set for its secondary headquarters, IBJ did some digging and reached some conclusions on the city's fitness for the $5 billion project.

Out-of-state ownership hamstrings effort to revive Broad Ripple eyesore

Broad Ripple leaders are working to confront a long-standing challenge: what to do about a mostly vacant building whose out-of-state owners have allowed the property to slide downhill for years.

Maverick state senator facing threat in primary

Republican State Sen. Mike Delph, in office since 2005, is facing his first-ever primary challenger—former Carmel Redevelopment Commission Executive Director Corrie Meyer.


Top Stories

Quirky Stutz complex is growing spot for techies, but still home to artists

Twenty-five years after developer Turner Woodard purchased the old Stutz factory complex at 10th Street and Capitol Avenue, the sprawling facility hosts 200-plus tenants.

Anthem stays on sidelines amid blitz of megadeals

Business history is littered with colossally bad mergers that seemed brilliant at the time. So the insurer might benefit from avoiding the temptation to follow the current trend. Or it could get left in the dust.

Ballpark keeps upgrading experience for fans

Suite holders at Victory Field this season will be treated to a major renovation of the private rooms as part of an ongoing $6 million upgrade to the aging ballpark.

iHeart, Cumulus bankruptcies cloud radio-industry future

The recent bankruptcy filings by iHeart Media Inc. and Cumulus Media have created a buzz so loud, local radio operators say it’s beginning to interfere with their business.

Q&A: Hitting the trails, building a business

Brian Holzhausen, 46, has run hundreds of races, from short blasts to 31-mile ultramarathons on rugged dirt trails. Following his passion, he jumped from a career in engineering to outdoor fitness.

Celadon's financial-reporting issues much worse than expected

An internal probe found Celadon overstated earnings by as much as $250 million from 2013 to 2016. The local trucking company said it will be delisted from the New York Stock Exchange.

Kroger drops plan to build massive Marketplace store in Fishers

The Cincinnati-based grocery chain instead is opting to renovate a much smaller existing grocery across the street from where the proposed store would have been built. The decision leaves a massive hole for Kite Realty Group to fill in Fishers Station shopping center.

Milhaus swings creative deal for $16M apartment project in Fountain Square

The plan for the development, slated just east of the neighborhood's commercial core, required reaching out to property owners on Prospect Street and collaborating with neighborhood officials.


Focus

Transforming Methodist: IU Health figuring out what to demolish, save

By the end of the year, officials expect to unveil its master plan to remake the state’s largest hospital—currently an amalgamation of ancient health care amenities and modern facilities.

IU Health rolls out mobile stroke unit

Indiana University Health has begun using a new specialized vehicle with equipment capable of diagnosing and treating a stroke on-scene.

Zimmer Biomet device gets FDA approval

Zimmer Biomet Holdings Inc. said it has completed its first surgical case using a new device called a comprehensive augmented baseplate, which offers an alternative to bone grafting for patients with defects in the shoulder cavity who are undergoing shoulder reconstruction.


Opinion

EDITORIAL: Let’s start regional conversation about taxes, the arts and more

Indianapolis must be a strong, stable city for the region to continue to thrive—and its suburbs must be vibrant as well. That won’t occur without in-depth regional conversations about taxation, transit, economic development and more.

MORRIS: Stop tariffs on printers and news publishers

One U.S. paper supplier's complaint is already causing hardship for an entire industry.

KENNEDY: Politics has put all these potholes in your path

Here in Indianapolis, we are seeing what happens when successive administrations—Republican and Democratic alike—substitute cosmetic approaches for substantive repairs.

STEPHENS: State officials should join the net-neutrality fight

A neutral internet is vital to our entrepreneurial marketplace.

KIM: For a viable retirement, age 70 is the new 65

The results under the current “do it yourself” retirement system with investment-based, worker-savings-funded accounts have been disastrous.

BOHANON & CUROTT: Socialism sounds cool—until you study results

The capitalist economy is facilitating a sharing revolution in transportation that would make Karl Marx blush.

IN THE WORKPLACE: When sex, politics, religion become office banter

What should managers do? Should they encourage employees to limit discussion to safe topics like movies, the weather and how much they hate potholes?

LETTER: Trust administrators to hire best teachers

I can cite other examples during my 23 years as a principal when an unlicensed candidate was the best fit for our school and our needs.


In Brief

Amazon officials quietly visited Indianapolis last month in HQ2 search

The visit occurred the week of March 19, the same week Amazon officials were reported to have visited Chicago for two days.

LDI adds Indiana-based firm to its portfolio with new acquisition

Indianapolis-based LDI, which invests in middle-market businesses, is rebuilding its portfolio after losing ownership of Motorsport Aftermarket Group late last year.

Salesforce gives IPS $500K grant to boost tech-focused high school program

The money will fund laptops, desktop computers, wireless high-speed internet and other tech-related needs for a new academy opening at George Washington High School next fall.


Records

Records for April 6-12, 2018

Here are the records listings for April 6-12, 2018.


Explore

Meet the ‘Divos’ of Dance Kaleidoscope

Dance Kaleidoscope’s latest offering, “Divos”, celebrates the men in the company both as dancers and as choreographers.

LOPRESTI: For some Hoosiers, a March to remember—or forget

From exhiliration for Jackie Young and Tyra Buss to disappointment for Kyle Guy and Isaac Haas.

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