Indianapolis Business Journal - March 6-12, 2017


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In This Issue

Front Page

Development taking off in east-side corridor

Harrison College is asking $11.5 million for its two-building campus along East Washington Street, a steep jump from their assessed values but reflective of the area’s increasing potential for growth.

Storied racetrack revved for a restart under new owner

Kevin Garrigus bought the Speedrome in November with the goal of revitalizing the historic east-side short track. He’s already put $500,000 into upgrades—with more on the way.

Top Stories

Vogue owner survives 30 years of changes in music, customers and Broad Ripple

This year, Steve Ross, 62, celebrates three decades as owner of The Vogue, perhaps (after the Central Canal) Broad Ripple’s most enduring landmark.

Eyler misses deposition, adding to furor over test-prep firm

Tennessee-based Southeast Financial Credit Union sued Eyler and others in 2015, charging they fraudulently restructured the business to thwart creditors and owe more than $13 million on defaulted loans.

Cities crowdfund smaller projects; state agency matches proceeds

Indiana cities are trying to harness the power of the online masses to support local quality-of-life projects.

Holcomb seeks $4M to plan next Regional Cities round

The governor is so pleased with the progress of the Regional Cities program implemented last year that he's seeking more money from the Legislature to advance it.

HHGregg closing 88 stores, three distribution facilities

The closure of 40 percent of the retailer's stores will result in the elimination of about 1,500 jobs.

Transit tax wins City-County Council OK, clearing final hurdle

The 17-8 vote will put into place an income tax increase that will raise at least $54.4 million annually to fund major improvements to the city's bus service.

Future of east-side church, once slated for demolition, still in limbo

TWG Development's plan to convert the century-old structure into senior housing units has hit a snag, as the project wasn't awarded federal tax credits in the latest round of allocations.


OneAmerica bets big on long-term-care market

Fast-growing business lines are hard to come by in the insurance industry. Locally based OneAmerica Financial Partners Inc. has one on its hands, and it’s beefing up efforts to capitalize.

Regions rolls out vision for branch of the future

Indy shines in credit card study

Lake City adds banking veteran

A&E, etc.

LOU'S VIEWS: Children’s Museum reclaims circus joy

"Circus ... Starring YOU" offers a three-ring fantasy of circus life with just enough well-integrated physics lessons.

DINING: Louisville poultry purveyor turns up heat on 96th Street

Hot Chicken, a Southern treat, dominates the menu at this newcomer.

LOPRESTI: Rose-Hulman’s women champs juggle basketball, books

A court full of top-notch students engineered the program's first NCAA tournament bid.


EDITORIAL: Transit victory hard fought but now real work begins

Ultimately, the IndyGo expansion will be judged not just on delivering the planned improvements but on whether locals begin using the system as more than transportation of last resort.

MORRIS: Cooking for a cause comes to Indy

Old National fundraiser is a culinary crusade to help city's minority youth.

McCABE: EPA works without political overtones

The recipe for success of relying on science, following the law and being transparent should continue to guide EPA and will lead to a stronger economy and improved public health for all Americans.

QUALLS: Reforms strangle regional banks, small biz

Dodd-Frank means regionals like Fifth Third, which have branches here in Indiana and focus mostly on consumer and commercial lending, face the same red tape as Goldman Sachs and Morgan Stanley, banks with distinct business profiles that involve risky trading activity with enormous sums of money.

FEIGENBAUM: Over-the-top tactics hit even those open to the cause

While opportunities for meaningful political antics Back Home in Indiana are stunted by the absence of political balance in the General Assembly, our state lawmakers may appear more reasonable, rational and representative than those we send to Congress.

SKARBECK: Take advantage of Buffett's free advice on investing

Anyone who is serious about investing and does not take the time to absorb the (free!) advice of his teachings is making a colossal mistake.

BOHANON & STYRING: Both sides have it wrong on currency manipulation

The Trump administration is known for its anti-manipulation rhetoric, but so are Bernie Sanders and other Democrats. Complaining about this is a bipartisan sport.

LETTER: Hospital heads call for Verma confirmation

We believe Ms. Verma is especially qualified to lead CMS and modernize its programs to increase the effectiveness of health care delivery.

In Brief

Fishers, Noblesville propose 9.2-mile Nickel Plate Trail

Fishers and Noblesville officials announced plans Tuesday morning for a $9 million project that will convert a stretch of the corridor previously used by the Indiana State Fair Train into a paved pedestrian and bicycle trail between the two cities.

Mind Trust lands another $7.2 million from Lilly Endowment

The Mind Trust, an Indianapolis-based not-for-profit that promotes education reform, will use the funds to support Innovation Network Schools and recruit school leaders.

Hogsett's criminal justice center could cost $575 million

A task force working on the project is slated to announce the financing, procurement and construction processes of the project on March 31.

Emmis sells four of its five remaining magazines for $6.5M

With the deal, Emmis Communications Corp. has divested all its publishing assets except for Indianapolis Monthly, which it intends to continue to operate.

MDwise to exit Hoosier Care Connect program, cut 80 workers

MDwise said it could not reach an agreement with the Indiana Family and Social Services Administration’s Office of Medicaid Policy and Planning over payment rates for the Hoosier Care Connect program.

Special Sections

2017 Health Care Heroes: NeuroHope of Indiana

NeuroHope of Indiana opened in February 2015 to keep therapy going and hope alive for people recovering from spinal cord injury, brain injury, stroke and other neurologic conditions that require rehabilitation beyond what insurers are typically willing to pay for.

2017 Health Care Heroes: Comprehensive Counseling Services for First Responders

In Indianapolis, all six major hospital systems came together in 2014 in a collaboration that stands ready to serve first responders with confidential, high-quality care.

2017 Health Care Heroes: Marian University College of Osteopathic Medicine

Marian University College of Osteopathic Medicine will graduate its first class this year, a milestone in Marian’s bold plan, announced in 2010, to open the state’s second school of medicine.

2017 Health Care Heroes: Dr. Michael O. Koch

Dr. Michael O. Koch has been pursuing the use of high-intensity focused ultrasound, or HIFU, for the treatment of prostate cancer since shortly after he arrived at Indiana University to chair its urology department in 1998.

2017 Health Care Heroes: Daniel Clark

Daniel Clark has been working to improve population health in Indianapolis since 1994, with a focus on promoting wellness in low-income communities.

2017 Health Care Heroes: Dr. Gopi Dandamudi

Dr. Gopi Dandamudi has been fascinated with the heart since high school. More than two decades later, he’s helping advance the field with his expertise in “His-bundle” pacing.

2017 Health Care Heroes: Dr. Mary Rouse

Dr. Mary Rouse has grown and developed the Charis Center for Eating Disorders, which now treats 12,000 patients a year from Indiana and surrounding states.

2017 Health Care Heroes: Dr. C. William Hanke

Dr. C. William Hanke, a former president of the American Academy of Dermatology, is recognized internationally for his expertise in Mohs surgery, a precise surgical technique used to treat skin cancer.

2017 Health Care Heroes: Dr. Eric Prystowsky

Dr. Eric Prystowsky's dual interests in detective work and medicine merge perfectly in his chosen field of electrophysiology, which has him doing detective work on a regular basis.

2017 Health Care Heroes: Lisa Covarrubias

What sets Lisa Covarrubias apart, her colleagues said, isn’t just the time she spends tending to the health care needs of the people she sees, but her willingness to help ease their other burdens.

2017 Health Care Heroes: David Cravotta

Speech pathologist David Cravotta and his co-workers at Hendricks Regional Health troubleshoot and find solutions for problems with swallowing, voice and speech and language issues, and cognitive impairment.

2017 Health Care Heroes: Kirsten Tragesser

Kirsten Tragesser has had two careers: the one that came before she lost her 2-year-old daughter, Maddie, to lung disease, and the one she’s dedicated herself to ever since.

2017 Health Care Heroes: Pam Gavin

Pam Gavin has more than 5,000 volunteer hours under her belt, many of them spent at Peyton Manning Children's Hospital, where she specializes in helping children feel at ease.

2017 Health Care Heroes: Tom & Pam Miltner

Tom and Pat Miltner have co-chaired the Susan G. Komen Race for the Cure three times, including in 2016, its 25th anniversary. They were the first married couple to co-chair the event and Pam, 63, was the first survivor to chair it.

2017 Health Care Heroes: Lee Neff

Lee Neff honors the memory of her son Philip and makes a difference in the lives of others by volunteering at Riley Hospital for Children at Indiana University Health.

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