Indianapolis Business Journal - April 27 - May 3, 2018


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In This Issue

Front Page

Terms for Paris flight's incentives deal show Delta's confidence in Indy market

Delta Air Lines Inc. is in line for up to $5.5 million in state economic development incentives when it launches its nonstop flights between Indianapolis and Paris—but only if it sells enough tickets.

Study done for Visit Indy casts light on aspirations, challenges for convention sector

A study commissioned by Visit Indy says officials are counting on a new downtown mega-hotel to generate nearly half its own business without relying on conventions.

Top Stories

Mayor Fadness seeks to bring farm experience to Fishers

The city of Fishers is partnering with Greenfield-based, not-for-profit Brandywine Creek Farms to open a 40-acre urban farm called Fishers Agripark.

Hard-fought civil fraud case against ITT brass nears trial

Former CEO Kevin Modany and former Chief Financial Officer Daniel Fitzpatrick tried to settle the case last year, but SEC commissioners rejected the deal. Another settlement conference is scheduled for May.

Round Room dials up massive growth in cell-phone industry with unique plan

With 2,400 employees and $2 billion in revenue, Carmel-based Round Room LLC is most assuredly not a small company. But don’t tell that to CEO Scott Moorehead.

Name ID plays big role in crowded 4th, 6th District congressional races

Greg Pence in the 6th District and Steve Braun in the 4th District each have brothers who carry their own identity with voters.

Before landing Infosys, airport authority passed on several proposals

The Indianapolis Airport Authority reviewed some big proposals for the 125-acre site from industrial developers and others, but instead waited for a true economic development deal that could help transform the city's west side.

Q&A: Entrepreneur Larry Williams gives Indy Black Chamber a new start

Now in its third year, the Indy Black Chamber has 92 members.

Trucking firm Celadon offered $200M loan in exchange for fifth of company

The struggling Indianapolis-based company said it has arranged a much-needed loan but must give up a major ownership stake and board seats to receive it.

Hospitality hotbed serving airport picking up two more hotel properties

The impending arrival of the full-service Embassy Suites with convention and banquet facilities may have attracted yet another hotelier to the critical mass of operators just west of Indianapolis International Airport.

Hogsett explores shopping City-County Building, other downtown properties

Indianapolis officials have triggered a wide-scale review of the need for big municipal buildings downtown. Real estate executives are intrigued by the 28-story City-County Building's potential for private redevelopment.


New and improved attractions in Indiana give Hoosiers a reason to hit the road

Throughout the state, event planners, attraction programmers, restaurateurs, tourism commissions and many more—from small towns to not-quite-as-big-as-Indy cities—are working hard to offer new amenities.

Air carriers have done great job boosting safety

Before a recent death on a Southwest Airlines flight, the last time someone died as a result of an accident on a U.S. carrier was nine years ago, when a commuter plane, Colgan Air Flight 3407, crashed into a house while trying to land in Buffalo, New York, killing 50 people.

New historical marker honors Speedway’s WWI aviation role

A U.S. Army opened the depot in early 1918 to capitalize on the area’s strategic position near military airfields, railroads and industry.

Updated downtown Marriott features more rooms, meeting space

The renovation added 28 rooms to the 17-year-old hotel at 350 W. Maryland St., bringing the total to 650 rooms.

Eiteljorg Museum exhibits basket collection donated by Perelmans

Mel and Joan Perelman recently gifted their collection of 147 baskets, cradles and bags spanning much of North America, with a focus on the Southwest and West.


EDITORIAL: Bold thinking on Circle Centre should include new ownership

The city or current mall owners—a collection of 20 local companies—should seek proposals from developers nationwide seeking proposals for new ways to use the space.

FELTMAN: Top foreign policy minds gather at IU conference

Ambassadors, senators bring North Korea, Russia and other international challenges into focus.

STEVE BRUNSON: Skills Enhancement Fund aids Indy's tech ecosystem

Legislators and leaders in state government have even been saying (and mostly doing) all the right things to support our technology sector, but there’s a threat on the horizon.

LORI KAPLAN: It’s good news/bad news for commuting and tax reform

Fortunately, since most commuter benefits are offered in the form of pre-tax perks (not subsidies), and those pre-tax perks were not affected by the latest reform, most employees can continue to enjoy outcomes such as reduced payroll taxes and increased take-home pay.

URBAN DESIGN: In the public realm, we get what we pay for

The money we spend on our streets doesn't unlock their potential value as civic spaces.

SKARBECK: Vectren deal is a huge winner for its shareholders

A tip of the cap to the board and management of Evansville-based Vectren on the sale of the company to Houston-based CenterPoint Energy.

BOHANON & CUROTT: It's likely no coincidence whom tax law helps, hurts

We are shocked—shocked!—that punitive politics might have played a role in the tax bill. Then again, not really.

SHERI FELLA: Don’t assume you can’t do it. Give it a try.

My biggest hurdle was my own assumption. I assumed I couldn’t do something I wanted to do simply because someone said I couldn’t.

LETTER: Consider consequences of arming teachers

Let’s stand together and draw a “red line” that adding more guns in schools and on school property is not in society’s best interest.

In Brief

Developer plans 81 town houses, retail for Noblesville

KennMar LLC has filed plans with the city of Noblesville to develop 23 acres at the southeast corner of Hazel Dell Road and State Road 32.

Braun outspends fellow Senate hopefuls Rokita, Messer combined in first quarter

U.S. Senate Republican candidate Mike Braun also has the most cash on hand going into the final weeks of the campaign, although most of the funding is coming from himself.

Hogsett plans to boost spending on repairing, maintaining city streets

In his annual state of the city address Monday night, Mayor Joe Hogsett will announce plans to beef up the city's street maintenance crew by dozens of workers and to use a program that leverages private investment to pay for 15 infrastructure projects.

Eli Lilly hikes forecast after better-than-expected first quarter

Indianapolis-based Eli Lilly and Co. on Tuesday reported quarterly revenue and adjusted earnings that exceeded analyst forecasts.

Indiana governor planning trips to Israel, Europe in May

Indiana's governor is planning economic development trips to Israel and Europe that will include taking the first nonstop commercial flight from Paris to Indianapolis.


Mike Ripley: Paid parental leave a plus, but shouldn’t be mandatory

We encourage employers who are able to offer paid parental leave to do so.

Erin Macey: Paid leave helps employers as much as employees

We should examine the models that are already working in a number of other states to provide paid family and medical leave to all workers.

Gerry Lanosga: Newsprint tariffs could stretch papers to breaking point

Newspapers have played, and continue to play, a disproportionate role as the backbone of our public discourse.

Andrew Ireland: Local journalism lacks depth

Too many outlets have shed their commitment to real journalism to chase declining ratings and ad revenue.

Leah McGrath: We need to get to the source of our pain, culturally

Prescribers need to be held accountable for how they prescribe opioids, and to whom.

Karen Celestino-Horseman: Donald Trump—presidential psychopath?

It is estimated that 21 percent of CEOs are psychopaths.

Ed DeLaney: A legislative special session is doubly unnecessary

The Legislature is not as transparent as it should be on the best of days.

Deborah Hearn Smith: The unfortunate unmasking of ‘brotherly love’

The tragedy in both situations is that these men exemplify the best; the beautiful, God-given color of their skin is their only offense.

Anne Hathaway: Don’t let others be your voice—get out and vote!

In many Indiana communities, the primary is where the real choices are made.

Beverly Gard: Indiana’s air quality continues to improve

Indiana is a manufacturing state, which contributes greatly to our robust economy, but manufacturing is associated with air pollution.

John McDonald: The spark of entrepreneurship—ideas are free

Entrepreneurship is the wherewithal to see ideas to fruition.

Bill Oesterle: Team mascots are best when they’re fun

I think we lost something when we moved to tigers and wildcats and patriots.

Dana Black: Quality of life in Indiana—we can do better!

Indiana has become the exporter of talent and not an importer of talent.

Adrianne Slash: Parents need tool to examine public, private options

It must be one that understands a child’s future is on the line—not just a school year.


MIKE LOPRESTI: Something odd is happening, and it’s not just the weather

This is the universe where Bankers Life Fieldhouse is alive and on fire and Victor Oladipo jerseys are popping up in the stands like spring dandelions.

How will the latest show at Actors Theatre of Indiana end? That’s up to the crowd.

Most musicals come complete with a beginning, a middle and an ending. "The Mystery of Edwin Drood" has the first two but—instead of a single denouement—offers endings, plural.

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