Indianapolis Business Journal - September 4-10, 2017


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In This Issue

Front Page

Is IMA chief Venable visionary or misguided?

For some, Venable is facing the IMA's fiscal challenges by making the museum relevant to more people. But to critics, he has turned the IMA into a members-only club, de-emphasizing art.

Novel Cummins power deal will fund wind farm expansion

A virtual-power purchase agreement is a new type of energy contract that allows a large customer to support green-energy projects and hedge electricity prices

Top Stories

Westfield purchases Grand Park soccer complex

The city of Westfield has quietly purchased the Grand Park Events Center from South Bend developer Holladay Properties, but the action remained largely unnoticed.

Online shops opening brick-and-mortar stores

Simon Property Group Inc., the nation’s largest mall owner, is getting a big assist from an unlikely source in its bid to backfill wide swaths of space left by failed or struggling clothing chains.

Land bank adds commercial properties

City officials are turning to the not-for-profit Renew Indianapolis to market and sell industrial sites, adding to its responsibilities reaching far beyond residential properties and vacant lots.

Rising health care costs fuel Springbuk’s growth

The health-analytics-software firm sells an HR tool for employers to track health care spending and outcomes.

Fourteen former Marsh groceries to convert to Needler's Fresh Market brand

The newly created moniker is a nod to the Needler family of Findlay, Ohio, third generation grocers. The former Marsh stores are owned by Michael Needler Jr. and his sister, Julie Needler Anderson.


GE Aviation's $110M jet-engine factory on path to employ 230 by 2019

The Lafayette factory produces a brand-new fuel-efficient engine that is locked in a fierce battle for customers with a new engine produced by Connecticut-based Pratt & Whitney.

Airport traffic ticks up following strong 2016

Outbound passenger counts are up 2.4 percent for the first seven months of 2017.

Praxair helping fund workforce program

Connecticut-based Praxair Inc. and the Indiana Economic Development Corp. are funding a workforce-development program in conjunction with Ivy Tech Community College.

Purdue students participate in high-speed pod competition

Purdue University students joined teams from around the world at last month’s SpaceX Hyperloop competition, held Aug. 25-27 at SpaceX headquarters in Los Angeles.

A&E, etc.

LOU'S VIEWS: Best Games of Gen Con 2017

I tested dozens of tabletop games at this year's epic event to find the most playable ones to add to your collection.

LOPRESTI: Playoff-bound Indians become pride of Indy pro sports

Dramatic turnaround puts team at top of league, but success sends players to Pittsburgh.

TRAVEL: In search of happiness in Scandinavia

Some people go for the sights. Frank Basile went for the insights.


EDITORIAL: Zoning rules have their place

The flooding in Houston was exacerbated by decades of decisions—or lack of decisions—about zoning. Let's not let something similar happen here.

MORRIS: Nearby Link institute is a gem

Observatory supports STEM education, ignites passion for science.

McCAULEY: Let head rule decisions on memorials

The mind should lead emotions when considering what to do about Confederate memorials. Inverting this equation leads to subjective—not clear-thinking, objective—decision-making. That

BLICKMAN: Take action against divisiveness

Expand your published workplace harassment and discrimination policy. Use it to express that your company places the highest value on respect for others and human dignity.

BOHANON & STYRING: Carmel shouldn’t get into the hotel business

In 21st century Indiana, is there any limit to what government can do as long as “economic development” is the justification?

SKARBECK: Is future really so dire for traditional retailers?

Are brand-name retailers doomed to long-term decline due to competition from Amazon? Or will there be a “reversion to the mean?

LETTER: Racism has no place in GOP, our community

The events in Charlottesville were not the fault of “both sides.” Nazis are bad.

LETTER: Kudos to Maurer attitude about aging with fun

I’m not sure 70 is the age to say exactly what’s on your mind, or perhaps it is 80.

In Brief

Scott Jones puts contents of Carmel mansion up for sale

The 27,000-square-foot home is expected to go on the market soon. But its furnishings and some of the tech guru's belongings will be available at a September estate sale.

Lilly shares rise on surprising news from FDA on arthritis drug

The Indianapolis drugmaker said it will not be required to conduct another expensive, time-consuming clinical trial for the potential blockbuster.

Indianapolis, Carmel reach deal in 96th Street roundabout dispute

The deal has to be approved by both the Indianapolis City-County Council and the Carmel City Council before Carmel begins construction on the contested intersections.

Carmel performing arts center taps interim CEO as new leader

Jeffrey C. McDermott, a longtime partner with Indianapolis-based law firm Krieg DeVault, won't have a significantly different commute as the permanent CEO of The Center for the Performing Arts.

Nike malaise dragging down Finish Line, analysts say

A veteran retail analyst said Nike, Finish Line's biggest vendor by far, has demonstrated "little to no material innovation" in more than two years.

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