Indianapolis Business Journal - November 20-26, 2017


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In This Issue

Front Page

Proposed fee for Mile Square property owners attracts opposition

Downtown Indy is encountering resistance from some big property owners to its plan to create an economic improvement district that would raise about $3 million annually through a fee.

Holcomb seeks tax tweak for software firms

Gov. Eric Holcomb wants to boost Indiana’s tech sector with a tweak to state tax law that will benefit software firms and their customers but reduce state revenue as much as $10 million a year.

Not-for-profits get creative to stand out on Giving Tuesday

The Tuesday following Thanksgiving—after Black Friday, Small Business Saturday and Cyber Monday—has become known for ushering in millions of dollars for thousands of charities.

Top Stories

Indiana movie makers try new funding model

Three-year-old Pigasus Pictures is making its mark, with one award-winning feature film to its credit and another with growing expectations set to wrap up production within a month.

Speedway is newest national account for local ad agency Young & Laramore

The coveted national account hits a new high in the firm’s three-year winning streak.

Phoenix hires co-leader to manage new theater

New Managing Director Kevin Kruse is the first to answer directly to the board, instead of to Artistic Director Bryan Fonseca.

Irvington marketing firm buys building, prepares to exit lodge

The firm is rehabbing a commercial building in Irvington that's been vacant for 30 years and saying goodbye to its longtime, idiosyncratic corporate home.

Amid criticism of lobbying groups, panel backs lifting Sunday alcohol ban

With its chairwoman expressing concern about the actions of two powerful lobbying associations, the Alcohol Code Revision Commission made one recommendation, but held off on making a decision about cold beer sales.

Trump names former Lilly exec as new health secretary

If confirmed by the Senate, former Eli Lilly and Co. exec Alex Azar will oversee a $1 trillion department responsible for major health insurance programs, medical research, food and drug safety, and public health.

Software firm Lessonly raises $8M in latest funding round

The investment was led by OpenView Venture Partners, a Boston-based venture capital firm that previously invested in ExactTarget.

Carmel's debt rating dips as city's financial burden rises

Standard & Poor’s has downgraded Carmel’s debt rating, saying the suburb is “vulnerable to unanticipated economic or operating swings” given its growing debt levels.


The agony and ecstasy of electronic medical records

Health care providers’ frustration is running high, and even advocates say the movement has fallen short.

St. Vincent to open clinic inside Gleaners Food Bank

The clinic, at 3737 Waldemere Ave., will offer treatments for minor injuries and illnesses that do not require a visit to the emergency room.

Vacant Hobart hospital acquired by Franciscan

The single-story, 35,000-square-foot building is on 17 acres on the southwest corner of 61st Street and Lake Park Avenue, south of the St. Mary Medical Center.

IU Health loses, recovers patient info in Muncie

The Indianapolis-based health system said Nov. 3 that it recovered the bag of paperwork within hours and began an internal investigation.

A&E, etc.

DINING: Neal Brown’s latest, Stella, shines

Mediterranean magic is happening in the former Pizzology spot on Mass Ave.

LOU'S VIEWS: 'Native Art Now!' thought-provoking, flush with variety

For its biennial contemporary art show, the Eiteljorg tweaks its formula for a powerful retrospective show.

LOPRESTI: Feeling down? Let’s try to find a bright side of Colts’ blight

The Colts have found a foolproof way of not being pounded by the New England Patriots in the playoffs.


EDITORIAL: Leadership void imperils mall

As the mall’s corridors decline steadily, with vacant storefronts increasing and second-tier tenants like an indoor-miniature-golf course replacing national chains, no one is stepping up publicly to champion a solution.

McROBBIE: Delivering value beyond school walls

This fall at IU, we have seen a record 5,066 students enrolled in more than 115 online degrees and over 2,000 online courses offered by IU, a 4 percent increase over last year’s record.

MURTLOW: Hand-raisers needed to fight rising poverty

What’s clear to us at United Way of Central Indiana is that business as usual is no longer a viable option. That’s why we’re investing in organizations, programs and initiatives that address the deep-seated and increasingly complex causes of poverty.

WRIGHT: Congress must stabilize insurance market

One of the main reasons the individual market is unstable is because it lacks enough young, healthy enrollees paying premiums to offset the claim costs of older, sicker enrollees.

URBAN DESIGN: The pedestrian revolution rediscovered and applied

Decades-old attempts to remake streets for pedestrians failed, but today's don't have to.

BOHANON & CUROTT: No enthusiasm for cuts among those not taxed

it looks like the GOP will do what it has always done: Offer zero taxes to an increasing proportion of the population to buy growth-enhancing tax cuts elsewhere.

KIM: Gifts for college education easier to make than ever

Instead of getting sucked into Black Friday’s vortex of excessive holiday consumerism, consider giving a gift that will last a lifetime.

CLARK: Virtual schools save students

Most families turn to virtual education because they have been left behind by the traditional school model in some way.

PETTINGA: Bring airport sculpture back

The airport "refresh" would be a great time to reinstall James Willie Faust’s Chrysalis sculpture. It’s currently wrapped in plastic and stored in the airport’s basement.

In Brief

Indiana attorney general gets spot with big campaign backer

The Republican Attorneys General Association said Curtis Hill will be among nine state attorneys general who are on its executive committee.

City files suit against drug manufacturers over opioid epidemic

The suit names two dozen entities, including Stamford, Connecticut-based Purdue Pharma LP—which produces OxyContin—as well as Cephalon Inc, Teva Pharmaceutical Industries Ltd., Johnson & Johnson and Janssen Pharmaceuticals.

New IPS contract offers raises for most teachers

Raises will range from $400 per year for experienced teachers to nearly $2,400 per year for teachers in their third year.


Records for Nov. 20-26, 2017

Here are the records listings for Nov. 20-26, 2017.

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