Indianapolis Business Journal - September 18-24, 2017


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In This Issue

Front Page

Carmel might clamp down on galas at Lucas estate, other swanky residences

Carmel officials are cracking down on parties that neighbors say are creating too much noise and traffic. In the city’s crosshairs right now: Forrest and Charlotte Lucas.

Animal-health biz Elanco under the weather; Lilly won't rule out spinoff

The Greenfield-based unit, which makes a vast array of vaccines, antibiotics, feed additives and other health products for livestock and pets, is in a slump, after more than a decade of growth.

Speedway targeting consumer-oriented sponsors

Hulman & Co. CEO Mark Miles is firing up an effort to go after consumer-oriented sponsors—a move aimed at helping the Indianapolis Motor Speedway sell more tickets.

Top Stories

Mel Simon's widow set to settle $21M lawsuit against IRS

The spat stems from a dispute over whether Mel Simon's sale of his half of the Indiana Pacers to his brother Herb months before Mel's death in 2009 was an arm's-length transaction.

11 things you might not know about the Red Line and other transit changes

IndyGo is revving the engines on its much-anticipated Red Line, with the bidding process under way and construction set to begin in January on the first 13.1 miles of the bus rapid-transit line.

IEDC tailors campaign to lifestyle issues in 4 target cities

Ad placements in billboards, magazines, newspapers and internet and mobile platforms were part of a marketing plan launched in 2016 to target Chicago, San Francisco, New York and Atlanta.

Entrepreneur sees lucrative future in HVAC for pot

Developing and selling cutting-edge products is tough. Doing so for the marijuana industry, which is illegal at the federal level, is even tougher.

TechPoint receives $5.7 million Lilly Endowment grant

TechPoint, a not-for-profit advocacy group, plans to use the money on two programs to nurture young tech talent.

Renovated building gives Mass Ave industrial corridor another lift

The Riley Area Development Corp. has purchased the nearly 120-year-old structure northeast of the Circle City Industrial Complex and hopes to lure micro-manufacturers to the space.


Frenzy of warehouse projects fueled partly by e-commerce

More than 6.8 million square feet of industrial space is expected to be constructed in the Indianapolis area in 2017, the most ever in a single year.

Local apartment developer makes Inc.’s fast-growing list

The Garrett Cos. posted revenue in 2016 of $43 million, a more-than-2,000-percent increase from the previous year, helping the developer rise from 623rd in 2016 to 210th this year.

Holdfolio purchases second apartment complex

Holdfolio paid $1.4 million to purchase the 50-unit Terrace Park Apartments at 2314 Main St.

A&E, etc.

LOPRESTI: A baseball—and Anderson—legend reflects on 90 years

It's been 70 years since Carl Erskine first stepped up to the plate for the Brooklyn Dodgers.

LOU'S VIEWS: Western art lures buyers

Eiteljorg's annual "Quest for the West" show brings some of the genre's leading commercial artists and their work to town.


Regional effort holds promise

MORRIS: The latest magic from Cupertino

I have concerns but can't shake my addiction to Apple products.

Tribalism and core American values

HAGERMAN: Blur the lines between industry, academia

Both industry and academia are well poised to help each other realize massive benefits from deep partnerships if we are willing to get creative about the ways we collaborate.

SKARBECK: HSAs are powerful way to save for retirement

Health savings accounts are one of the most attractive investment vehicles available in the marketplace.

BOHANON & STYRING: NCAA deck is stacked in favor of schools

One service the NCAA provides for its members is to rig the market for student athletes

LETTER: Smart growth means sensible regulation

Many businesses have large amounts of impervious surfaces on their rooftops and parking lots with no areas to allow for natural drainage to wetlands or corridors planted with native species that filter harmful substances and clean the water before it enters the storm sewer system.

LETTER: Let’s go get Amazon HQ2, but not leader’s politics

Jeff Bezos is as capitalistic with his own money as anyone else and is very successful. However, he is very “socialistic” with everyone else’s money—meaning yours and mine.

In Brief

Children's Museum unveils 'sports legends' for new outdoor exhibit

Several famous basketball players, a pair of renowned golf course architects, a hockey superstar and the man regarded as the greatest race car driver of all time are among those selected to be honored in the Children’s Museum of Indianapolis’ new $38.5 million sports exhibit.

Longtime historic preservation leader Williamson dies at 82

J. Reid Williamson Jr., who served as president of Historic Landmarks Foundation of Indiana from 1973 to 2005, is remembered as "a giant in the field of historic preservation."

Purdue wins $19M federal grant to develop shale-fuel technology

The five-year grant from the National Science Foundation is expected to provide an early boost to Purdue's new engineering research center.


Adams: Put the controversial mural in a museum

If it depicts racial terrorism, put it in a space where individuals can choose whether to engage with it.

Ireland: Thomas Benton murals offer IU a teachable moment

Benton included this dark feature of our past—images of a Ku Klux Klan rally—as a unique reminder of our sins and a testament to our growth.

Leppert: Indy’s Confederate monument’s origin matters

My advice to those who think the city should do something about our own Civil War statues or monuments is to not make a decision until they do the reading first.

Daniels: Putting speech and violence into perspective

Our country was founded on the right of people—even purveyors of hateful thoughts—to express themselves peacefully.

Parr: Progressive professors and academic ‘freedom’

Some professors are more interested in telling students what to think, than in how to think.

Wolley: Companies must value diversity—and inclusion

Consider diversity as an invitation to a dance. Inclusion means you get to dance.

Shepard: Educating Indiana’s DACA kids makes economic sense

In-state tuition for students of this capability and commitment seems like a limited, well-targeted investment in Indiana’s future.

Hale: Our personal histories should influence DACA debate

We have built a sense of our collective American character of grit and hard work based upon our fight to come to and thrive in this country.

Schneider: Real reform—after the flood

Taxpayers are footing the bill as some homes are repeatedly flooded and fixed, in a horrendous cycle of disaster and waste.

Shella: Could football go the way of boxing?

Football will never be risk-free. That’s the attraction.

Ritz: Why we must encourage master’s degrees for teachers

Solving this problem long term will attract and retain quality educators in Indiana.

Wagner: Increased polarization breaks down trust

Political officials in the middle either give up or move farther left or right to mitigate the sting of criticism.

Shabazz: A more honest look at the satellite-voting debate

Satellite voting might make it easier for people to vote, but there’s no evidence that it increases participation.

Smith: Hoosier leaders make impact in D.C.

This new generation of Indiana leaders are more likely to ask ‘why not?’ rather than explain why Congress is not making progress on the nation’s pressing to-do list.”

Siddiqui: Consumer protection—in all its iterations

This man didn’t understand the difference between actions that cost people their lives and a Facebook post that simply articulates unprofessional business practice.

Americans cheer judge’s focus on Christianity, morality

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