Indianapolis Business Journal - January 2-8, 2017
In This Issue
Advanced bookings down for Indy hotels
The number of hotel rooms Visit Indy booked into future years took a tumble in 2016 to the lowest level since 2013. But local tourism and hotel officials aren’t overly concerned.
Output jumps as Subaru of Indiana hustles to meet demand
The Japan-based automaker is in the midst of a U.S. sales boom—and the company’s Lafayette auto plant is racing to keep up.
Critics want tighter restrictions on post-legislative work
The fact that two just-retired Indiana legislators are both already legally working for lobbying groups is leading some to question whether the state's ethics laws are strict enough.
‘Perfect recipe’ leads to Fishers food-centric development
The culinary-centric development proposed in Fishers is an unusual concept for the northern suburb, but it’s an idea experts say just needed the right recipe.
Riley Hospital expands ER to handle more mainstream patients
Riley is spending millions of dollars and beefing up its emergency staff to expand into traditional emergency services.
Langellier: Many tech firms would be better off here
TechPoint CEO Mike Langellier spoke with IBJ about his group's evolution, his interest in the internet of things, and why elected officials are increasingly paying attention to tech.
ANDREWS: With employee ownership, firm takes road less traveled
Indianapolis construction firm Shiel Sexton Co. finalized a transaction Sept. 30 making it 100 percent employee-owned.
FEIGENBAUM: The ‘mix for the fix’ and other legislative predictions
After (in)arguably the most tumultuous year in the 200-year history of the state of Indiana (and that Cubs championship), you can rest assured the 2017 legislative session promises none of that degree of drama.
HOOSIER BEACON: Calvin Fletcher, philanthropist and city’s first lawyer
Deeply religious, Fletcher was a staunch opponent of slavery and led an unostentatious life despite being one of the state’s richest men.
Critics decry Pence team for letting stage rules die
DINING: Festiva offers flavor fest
The latest restaurant from Peter George and Thomas Main offers a casual-but-creative take on Mexican food.
LOU'S VIEWS: Underground Railroad station gets $3.8 million upgrade
The newly renamed Levi and Catherine Coffin State Historic Site now offers more context.
LOPRESTI: A month-by-month look at the 2017 sports calendar
No shortage of mysteries to solve as local favorite teams prepare to compete.
BOHANON & STYRING: Advice for Trump: Drop trade-deficit obsession
Get the economy humming and all else will be forgiven. Don’t try putting a square peg in a round hole, thereby igniting a trade war.
KIM: Stop trying to keep up with the Joneses in 2017
The only thing worse than judging a book by its cover is making financial decisions based on what you assume the book might tell you.
MARCUS: Governor: Don’t forget our smaller communities
Our state has good places the size of Evansville, South Bend and Muncie on down to Hartford City, Portland and Sullivan. These places could offer a quality of life deemed acceptable by our elite state economic developers if a program of incentives removed the blemishes caused by stagnation and decline.
HUME: Indy 500 needs diversity in motors, chassis
Economic impact is generated by inviting more players to participate in the 500. Automotive industrial giants Ford Motor Co., Mercedes-Benz, Audi and Toyota have unmatched wealth waiting to be spent on race engine development for teams at the Speedway.
HUTSON: Imagining a Pence response
I think you will find it refreshing that the Trump administration plans to uphold all the laws of the country.
LETTER: Butler’s teacher school leads in ed reform
For 21 years, Butler’s College of Education has had a one-year student-teacher experience and were the first in the state to do so.
$50M Penrose on Mass project to get underway following parcel sale
The project will include 236 apartments, 40,000 square feet of retail space and a 379-space parking structure.
Existing-home sales erupt in central Indiana
Existing-home sales in central Indiana soared 21 percent in November despite rising prices and a continuing decline in housing inventory.
PROXY CORNER: Horizon Bancorp
Horizon Bancorp, 515 Franklin Square, Michigan City, Indiana 46360, operates 58 offices in Michigan and Indiana, including locations in Bargersville, Carmel, Franklin, Greenwood and Indianapolis.
Hunger-relief agencies report decline in year-end giving
Gleaners Food Bank of Indiana reported seeing a 10 percent to 15 percent decrease in donations for the year compared to last year, and Second Helpings said it had only hit 50 percent of its goal for monthly donations, as of Monday.
Hollyhock Hill, one of city's oldest eateries, changes ownership
The restaurant, which first opened in 1928, had been owned by Jay and Barbara Snyder since 1992. The new owner is making her first leap into restaurant management.
Pallet supplier plans 165 layoffs in Indianapolis
A company that supplies pallets to other businesses plans to terminate 165 fulltime workers at its southwest-side Indianapolis plant in late February, but there’s a chance that many of those employees will land work at the same facility.
Records for Jan. 2-8, 2017
Here are the records listings for Jan. 2-8, 2017.