Indianapolis Business Journal - June 29 - July 5, 2018

Indianapolis Business Journal - June 29 - July 5, 2018


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In This Issue

Front Page

Dozens of Hoosiers shape policy in D.C. as members of Trump/Pence administration

At least 32 people with strong ties to Indiana, either through a professional career or personal connections, are currently serving in the Trump administration.

Struggling neighborhoods want their ‘own renaissance’

The tension between a desire for investment and an inherent distrust of it is occurring across disadvantaged Indianapolis neighborhoods.

Top Stories

Neighbors turn to courts to fight developments

Neighbors in at least four neighborhoods opposed to approved real estate projects are refusing to acquiesce and instead are mounting court challenges in hopes of stopping developments.

Creditors prepping lawsuit against HHGregg officers and directors

A Delaware law firm is spearheading the case on a contingency-fee basis. Under the sliding scale, it would get 20 percent of a recovery up to $10 million, and 35 percent of a recovery topping $20 million.

Local firms bristle at Supreme Court sales tax ruling

The ruling allowing states to require retailers to collect sales taxes from online customers could mean millions of dollars of tax revenue. But a number of Hoosier companies say the ruling creates more questions than answers—and could lay a heavy burden on some small businesses.

Beholder restaurant co-owner knows wine but isn't snob about it

Sommelier Josh Mazanowski is business partner with celebrity chef Jonathan Brooks in the new dinner-only restaurant at 1844 E. 10th St.

13 Indiana newspapers to be sold as part of $3.65 billion merger

Community Newspaper Holdings Inc. plans to sell off community newspapers in Zionsville, Anderson, Lebanon and 10 other Indiana communities.

Q&A: CNO exec says he fell into the insurance industry

Gary Bhojwani's path to the insurance industry started in college, where he earned a bachelor’s degree in actuarial science from the University of Illinois. 

IPS considers selling downtown headquarters

The building, which sits on a 1.7-acre lot at 120 E. Walnut St., has served as the district's home since 1960.

Developer, Carmel VFW come to agreement on new hotel

A proposal to build an 88-room extended-stay hotel on Old Meridian Street in Carmel is gaining traction after city leaders and the neighboring Veterans of Foreign Wars Post 10003 had initially opposed it.


Buyers must make good offers quickly to snag homes in sizzling market

An especially low inventory of homes for sale is driving up prices and requiring buyers to take unusual steps to secure the places they want.

Home tour: Cottage Home place has cool little carriage house

Bill Pritt, owner of FortyFive Degrees restaurant at College and Massachusetts avenues, has moved from the main house to the apartment above the garage.

First phase of housing effort aimed at educators nears completion

Organizers of the affordable-housing and neighborhood-revival effort, designed to attract and retain teachers for urban schools, are set to unveil the first 15 homes.

Residential Real Estate: Marketplace for June 29, 2018

The number of active listings in central Indiana has inched up slightly after dropping to fewer than 5,000 earlier this year.


Editorial: City, IPS are smart to ditch status quo, rethink property needs

We applaud the leadership of both for thinking broadly about their needs and what’s best for their neighbors.

Greg Morris: Study, then legalize medical marijuana

Medical marijuana is legal today in 29 states and Washington, D.C. We don’t have to be a pioneer on this front. Plenty of existing legal structures are in place to provide sound counsel and guidance.

Teresa Lubbers: Let’s fill the jobs of today and get ready for tomorrow

Paired with new STEM requirements in our schools and resources for employers who train new employees for higher-wage jobs, tools like the Workforce Ready Grant can be cycle-breakers for entire families and can unleash the potential of Indiana businesses.

Amber Van Til: Credit unions should pay their fair share

When Congress passed the Federal Credit Union Act of 1934, it mandated that credit unions serve “persons of small means,” defined by common bonds, such as working for the same employer or living within specific geographic boundaries. Because of this mission, credit unions were granted federal tax exemption.

BOHANON & CUROTT: Incentives can backfire if carried to extremes

Part of economists’ useful function is to offer alternative ways of structuring incentives to attain socially desired ends.

HAHN: Socially responsible investing evolves, gains converts

Today, investors are increasingly interested in aligning their investment strategy with their values. While this is not a new style, it is growing in popularity.

Michael Blickman: It's high time to consider marijuana issues in the workplace

We are in the midst of a culture shift with marijuana. The majority of the next generation of workers might be of a mind that marijuana use is of no consequence.

Letter: Purdue cartoon was disappointing

I understand IBJ’s owner is an ardent IU fan, but this “cartoon” is a disappointment to a fair number of his subscribers.

Letter: Boy Scouts made bad decision

The decision of the BSA leadership to add girls was a poor decision and, as a past board member, I am embarrassed for them.

Letter: Pass Senate farm bill

The House farm bill that failed to pass was riddled with reckless environmental rollbacks intended to promote logging on our national forests.

In Brief

Longtime concertmaster Zachary De Pue leaving ISO

No reason was given for the departure of the 38-year-old virtuoso violinist, who was as well known for his side projects as his work with the Indianapolis Symphony Orchestra.

IBJ wins six national awards for business coverage

The annual AABP Editorial Excellence competition recognizes print and online writing, photography and design by regional business publications.

UPDATE: Cummins loses out on GE's industrial-engine business

General Electric Co. has agreed to sell its industrial gas engine business to a private equity for $3.25 billion, passing over interest in the acquisition from Columbus-based Cummins Inc.

Valparaiso Law School in talks to leave state for Tennessee

In November 2017, the school announced it was suspending admissions and exploring alternatives to remain open. In 2016, it was censured for admitting students who didn't appear capable of completing law school or passing the bar exam.


U-pick flower farm offers more than bouquets

P&D Flower Farm, in northeastern Johnson County, also offers floral arrangement and an event center for weddings.

MIKE LOPRESTI: Pacers part of a club no one wants to be in

Did you ever see a general manager sit before a microphone and say, “This really isn’t the guy we wanted?” That’s what makes draft coverage so amusing.

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