Indianapolis Business Journal - May 15-21, 2017
In This Issue
Buyer of WTTV, WXIN known for frugality, conservative politics
Could Sinclair Broadcasting Group make staffing cuts and/or push the stations to the political right?
Neighbors try to save 86th Street woodlands from development
A developer wants to build a $20 million office and retail building at the northwest corner of East 86th Street and North Keystone Avenue.
3-year-old CraftMark Bakery already employs 265, plans big expansion
The commercial bakery, which makes frozen bread dough and cookie dough and baked flatbreads for Subway and other quick-service restaurants, started out big and says more growth is coming.
BEHIND THE NEWS: Inside the issues that grounded Celadon
The trucking company's financial statements became decidedly more opaque after October 2015, when it set up an off-balance-sheet truck-leasing joint venture in which management held ownership.
DeveloperTown has success helping larger firms innovate
DeveloperTown has been growing revenue about 40 percent annually over the past five years, a rate that far exceeds what leaders expected when they founded the company in 2010.
Legislature tells Holcomb to tackle workforce overhaul
Lawmakers had big plans in 2017 to overhaul a disjointed workforce-development system, but after nibbling around the edges, they have tossed the hardest work to Gov. Eric Holcomb.
UPDATE: Marsh Supermarkets files for Chapter 11 bankruptcy protection
The struggling grocery chain announced the move Thursday morning as it seeks a buyer for all or some of its remaining 44 stores.
IU to add 16 faculty members for $55M climate change initiative
The centerpiece of the initiative will be a new Environmental Resilience Institute, based in Bloomington.
Proposal aims to boost minimum city employee pay to $13 per hour
Indianapolis leaders want to encourage businesses to pay livable wages. The City-County Council's president says that's a tough sell when the city hasn't done that for all of its own employees.
Changing times for the bank branch
In-branch transactions are declining as customers complete more business via online and mobile banking. Still, banks say physical offices remain important for a variety of reasons.
MainSource acquires Greenwood investment firm
Credit union expands insurance agency
LOU'S VIEWS: New Chicago museum focuses on write stuff
American Writers Museum includes Vonnegut, Riley and even a few scribes not from Indiana.
Hidden dining adventure awaits just off Mass Avenue
LOPRESTI: Epic dry spells for some of the biggest names in sports
Impatient with your favorite team? If misery loves company, this is for you.
EDITORIAL: Setback shouldn’t derail Anthem
we understand why Anthem's board and management made an aggressive bid for increased scale—and we think their reasoning was well-founded. In fact, we welcome the company's go-for-it mind-set.
MORRIS: Lawyers who make a positive impact
This year's Leadership in Law class honors those whose work touches the community.
McROBBIE: Meeting Indiana marketplace demands
For Indiana to remain viable in today's ultra-competitive marketplace, it is critical that we fill our talent pipeline with highly skilled, smart, flexible and experienced workers who will thrive in an ever-evolving economy.
KENLEY: Improve I-65, I-70 to six lanes and toll
URBAN DESIGN: Phoenix, other stakeholders can re-create a neighborhood
Theater can help jump-start transformation of an area marked by one-way streets, parking lots.
SKARBECK: A business day marked by blizzard of big stories
May 2 was a lollapalooza day in Indiana business, as three companies delivered significant news.
BOHANON & STYRING: Marsh liquor sell-off was an economist's dream
Indiana’s byzantine liquor laws recently provided a clean textbook example—a natural experiment—of the Law of Demand.
Health care column was too simplistic
Humane Society hires Stolen as new chief executive
Steven Stolen, who has a lengthy resume in the arts, education and not-for-profit fundraising, begins the new role June 1.
Westfield council votes against Wood Wind housing plan
Plans for the 856-home project, initially pegged at 780 acres, were introduced in August. Even after developer Pulte Homes made major revisions, the Westfield City Council on Monday scuttled the plans.
Emmis sells powerhouse Los Angeles hip-hop station for $83M
KPWR-FM, which Emmis has owned for 32 years, has long been one of the most popular stations in the massive Los Angeles media market. Emmis shares soared after the announcement.
Lawmakers bail out Pence with $5.5M for bicentennial projects
A provision tucked into Indiana's next two-year budget sets aside funds to pay for an elaborate plaza built outside the Statehouse and upgrades to the state library to mark last year's state bicentennial.
Records for May 15-21, 2017
Here are the records listings for May 15-21, 2017.