Indianapolis Business Journal - May 11-17, 2018


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In This Issue

Front Page

1 in 5 Indianapolis residents lives in poverty. And many areas are getting worse.

Median household incomes have dropped in a full third of Indianapolis ZIP codes since 2000. Inequality is growing across the city.

Still a powerhouse, ‘Bob & Tom’ changes with times while trying to keep loyal listeners

The 35-year-old “Bob & Tom Show” might have a few gray hairs these days, but the morning radio show’s star and owner said it’s nowhere near retirement.

Top Stories

Wind-down of Marsh Supermarkets paints ugly financial picture

Tens of millions of unsecured claims will go unpaid when the Indianapolis-based grocery chain completes its liquidation in bankruptcy court.

Hotel, apartment project will cap Speedway’s Main Street redo

Town officials in 2008 began an aggressive play to turn the world-famous oval into an economic engine that runs year-round by creating a retail and entertainment district along Main Street.

Health maintenance organization MDwise struggles to find way forward

The not-for-profit that helps low-income Hoosiers get health care coverage and social services lost $60 million in 2016 and cut about 80 jobs last year.

Indianapolis-area auto dealers selling to bigger groups

The local car dealerships Hoosiers have long visited when shopping to buy a set of wheels could bear new names in coming years as aging owners look to sell off their businesses.

Q&A with Ray Boomhower: Indiana historian looks at Hoosier politics—red and blue

Ray Boomhower has written 12 books about the state’s history, ranging from Robert F. Kennedy’s presidential campaign in Indiana to biographies of journalist Ernie Pyle and astronaut Gus Grissom.

Indy Council members mounting opposition to IPL's proposed rate hike

Democrat Jared Evans said the council members are hoping to “raise awareness” about the issue and persuade state regulators to drastically reduce the amount IPL raises its rates, “if they don’t decline this altogether.”

Hustler Hollywood loses appeal for Castleton-area store

A ruling on Monday from the 7th Circuit Court of Appeals upheld a city ordinance that prohibits adult entertainment businesses from operating in certain areas.

Trump could continue to be big focus in Braun vs. Donnelly race for Senate

But political experts say a Trump-centered strategy might not be the best move now that Mike Braun has won the GOP primary race and will face Democratic Sen. Joe Donnelly in the fall election.


Lilly rolls out its first-ever TV campaign for a cancer drug

The ads for the metastatic breast cancer drug Verzenio show women in their 50s and 60s looking resolute and indomitable, surrounded by smiling friends and family.

How the lab-testing firm Theranos duped the world

Panel weighs in on 16 Tech, brain drain and more

Antidote for opioid overdoses often is difficult to obtain

The fact naloxone is a prescription drug creates a hurdle for addicts and their families. In addition, many pharmacies and local health departments don’t stock it, and not everyone can afford it.


EDITORIAL: Infosys airport deal is product of patience, reminder not to jump at easy

Of course, there are no guarantees that Infosys’ vision for its Indianapolis tech hub will pan out. But without the benefit of hindsight, it appears the city, state and airport authority waited for the right deal to come along.

MICKEY MAURER: Farrakhan spews hate, but few seem to object

Anti-semitic diatribes are met with silence by those who typically stand up to injustice.

BRIAN PAYNE: Don't squander opportunity to rethink I-65/I-70 project in Indy downtown

Our growing coalition is defining a new vision for this critical infrastructure that joins a national movement that is repurposing aging urban interstates, just like ours, in ways that revitalize cities while still accommodating commuters and growing logistics traffic.

MAUREEN KRUASS: Explore global trade now, while the economy is strong

Through the U.S. Department of State’s Experience America program, a delegation of more than 30 foreign ambassadors visited partners in central Indiana and met with the Indy Chamber and local business leaders to gain a deeper understanding of our business climate.

LIZ MALATESTINIC: Is the gig economy working for you?

Whether they are called contractors, temporary workers, contingent workers, freelancers or other similar terms, gig-economy positions all fall under the umbrella of what is known as “alternative work arrangements.”

SKARBECK: To become sharp investor, learn from the masters

A great way to improve your skills in any craft is to analyze the methods of other successful people in the field.

BOHANON & CUROTT: Universities chase quality, but defining it is a trick

Universities and colleges, though they are not-for-profit enterprises, in many ways act like for-profit firms

LETTER: Don’t hurt those helping vulnerable

A new ordinance is intended to reduce crime by cracking down on the owners of the hotels and motels that have higher numbers of 911 calls.

In Brief

Students' solution for Lafayette Square: 'Tear it down, build industrial'

Leaders of a collegiate contest for real estate development elected the struggling west-side shopping center as a case study. The winning entry suggesting wiping the slate clean.

KeyBank announces new central Indiana market president

Juan Gonzalez, who was promoted from within, stepped into his new role at the bank Monday.

Sun King unveils restaurant lineup for Carmel distillery, tap room

Sun King Brewery on Tuesday announced plans to fill the food hall in its soon-to-open tap room and distillery in Carmel with four independently-operated eateries.

Indiana special session to take up school takeover measure

The bill would further diminish local control of Gary and Muncie schools. The two districts have mismanaged finances for years.

Indiana Transportation Museum files suits against Noblesville, Fishers, Hamilton County

The Indiana Transportation Museum has requested a judge grant a temporary restraining order to give it more time to move out of Forest Park in Noblesville and prevent the city from seizing its equipment and trains.


Brett Voorhies: Who’s criticizing tariffs? Wall Street

Rhetoric hasn’t stopped China from overproducing steel, manipulating currency or denying labor rights to working people.

Randy Kron: Tariff implications shouldn’t be trivialized

Food prices would rise and some farms would be in jeopardy of failing.

Curt Smith: Anti-abortion organizations must unite

The pro-life movement must take some risks to remain relevant as we await a more courageous court prepared to right this historic wrong.

Michael Leppert: There’s no substitute for time in lawmaking

There is enough time to respect and adhere to our legislative processes.

Glenda Ritz: Teacher pay is a problem in Indiana, too

Quality teachers cannot be attracted and retained with this economic situation.

Mary Beth Schneider: Wanted—a senator with a spine

The primary fight was a race more for sycophant than senator. What a shame.

Abdul-Hakim Shabazz: That’s right, I am a liberal

As someone who believes in free markets, free trade, school choice … I am the biggest liberal in the universe—in the classic sense of the word.

Jim Shella: Indiana Debate Commission can, must do better

The candidates need to be asked tougher questions and then they need to be forced to answer them.

Christina Hale: Group aims to move Democratic women into leadership

We do have two women in Congress and four women serving in elected statewide offices—all Republicans.

Deborah Daniels: Too many key federal positions remain unfilled

The country is suffering from inefficiency on the right and intransigence on the left.

Marshawn Wolley: Candidates for county offices owe voters more

I want to see our county elected officials be intentional about swinging for the fences when pursuing policy on behalf of constituents.

Jennifer Wagner: The formula for leading a successful campaign

If you have strong leadership with a clear focus and minimal palace intrigue, you can stick around for a good, long while.

Riley Parr: The Republicans’ 11th commandment revisited

Over-the-top hit pieces might win a candidate the battle, but lose the war.

Megan Robertson: The good, the bad and the ugly of this primary season

It is one thing to attack someone’s record in office, but you can do it in a way that has at least a little dignity.

Shariq Siddiqui: Not-for-profits need to maintain innovation

Innovators and entrepreneurs (business and philanthropic) sometimes have to go beyond that which we know is achievable.


MIKE LOPRESTI: From Harroun to Sato, Indy winners by the numbers

Here are 33 bits of trivia about past winners of the Indianapolis 500—one for each driver who will try to do it Memorial Day weekend.

Midwest Mayberry fest keeps small-town characters alive

The annual Danville event, returning for a fifth year May 18-20 celebrates a love for "The Andy Griffith Show," which ended its original run in 1971.

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