Indianapolis Business Journal - December 4-10, 2017


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In This Issue

Front Page

$50M hospital fuels Hendricks health care war

Hendricks Regional Health's new Brownsburg hospital is only the latest in Indiana’s second-fastest-growing county, where almost non-stop development is pushing demand for health care.

Esports becoming global sensation

Colleges and businesses, including local entities, are rushing to find ways to capitalize on the exploding phenomenon.

Top Stories

Lockerbie block poised for $25M in condo, apartment developments

The projects, proposed separately by Litz & Eaton Development LLC and Block 20 Development LLC, would be built on two empty lots and on property where an existing building sits.

Zionsville stepping up for baseball headquarters

The Boone County town will soon be home to the headquarters for Little League International’s Central Region, one of five U.S. offices.

BlueIndy car-sharing program striving to be in black by 2020

The BlueIndy car-sharing program is facing a big challenge: How do you succeed when so many potential customers are unaware of, uninterested in, or even intimidated by what you’re trying to sell?

China is giving Cummins a big boost, but will it last?

The company's revenue from China, including joint ventures, rose 46 percent in the latest quarter.

IU Health, Monroe Hospital settle ambulance lawsuit

The settlement ends a two-year quarrel over whether IU Health violated antitrust laws when its ambulances transported most of the county's 911-response patients to its own hospital.

Train museum revives Polar Bear Express on different set of tracks

The Noblesville-based Indiana Transportation Museum recently lost a court battle that would have allowed it to revive the annual Polar Bear Express from Fishers to Indianapolis. But the museum has found a new route for the holiday excursion.

CSI UIndy: School to use vacant house for forensic studies lab

In a partnership with the Indianapolis-Marion County Forensic Services Agency, UIndy criminal justice students will be able to comb through mock crime scenes in a realistic setting.

Indy not among finalists for next two Major League Soccer franchises

Major League Soccer on Wednesday announced four finalists for the two expansion clubs it is scheduled to add by the end of the year. Indianapolis is not among the four, but MLS said the city could be considered for two other franchises it wants to add in the future.


Great Places 2020 organizers hope 2018 is transformative year

The effort, launched in late 2014, aims to mix private-sector investments with federal tax money to spark residential and commercial activity in five targeted Indianapolis neighborhoods.

Duke paying special dividend after $2.8B divestiture

The special payout will cost the company more than $302 million.

Cook Group starting expansion project

Plainfield industrial park adding 500,000 square feet

Construction is under way on two buildings totaling 500,000 square feet in the Metro Air Business Park in Plainfield and should be completed next spring.

A&E, etc.

TRY THIS: Swing time at new TopGolf in Fishers

High-tech attraction offers opportunity for duffers and pros to play together without frustrating each other.

DINING: Satisfying bar food—with a few twists—toplines TopGolf’s fare

There are two different approaches to dining while at TopGolf, one practical and cost-efficient, the other social and holistic.

LOU'S VIEWS: Kangaroos, frogs, fauna, more fill first-time fairgrounds fest

Indiana Chinese Latern Festival joins lineup of well-lit family offerings.

LOPRESTI: Purdue running back racks up yards, time in the cockpit

Markell Jones is as comfortable in the clouds as on the gridiron.


EDITORIAL: Downtown worth extra investment

While we support creating an EID and applaud Downtown Indy’s championing of the effort, we understand the reluctance of some property owners to support it until they get a clearer explanation of how the money would be used.

MAURER: Catching up with a hoops legend

George McGinnis finally gets a long overdue call from national Hall of Fame.

VIEWPOINT: When government abdicates responsibility

Consumers Union is only one of the numerous consumer organizations opposed to repealing net neutrality. These organizations warn that, without net neutrality, internet service providers will raise prices and—even more troubling—give preferential treatment to favored sites and apps.

GUEVARA & KETZENBERGER: Boost economic development from within

Economic development requires strategic investments in people, networks and non-traditional collaborations to bring about great innovation, entrepreneurship and sustained, competitive growth.

BOHANON & CUROTT: Examining economics of Macy’s annual parade

National defense is a public good that must be provided by the government. Yet the holiday season offers ample examples of public goods that need not be.

COAN: Six end-of-year moves investors should consider

The end of 2017 is fast approaching, and it is a great time to do some financial housekeeping.

Tax credit means poor pay no income taxes

LETTER: Allow Sunday, cold beer sales

It’s time for Indiana to come into the 21st century and eliminate the ban on Sunday alcohol sales and include cold beer sales in convenience and grocery stores.

In Brief

Familiar faces return to Greek dining mainstay

The owners of the Fountain Square institution are back to handling daily operations, after turning management over to an outside company in September.

Business leader, philanthropist Andre Lacy dies at 78

Andre B. Lacy was known for his prolific work on corporate boards and as an active leader of several influential civic organizations. But he is likely to be best remembered for his recent philanthropy, which included a $25 million gift to Butler University’s college of business.

Cold Storage planning $29M expansion in central Indiana

New Jersey-based U.S. Cold Storage plans to add 100,000 square feet to its existing 200,000-square-foot refrigerated warehouse and logistic-services facility.

Southern Indiana lawmaker named new House minority leader

Rep. Terry Goodin of Austin bested Rep. Phil GiaQuinta of Fort Wayne during a vote Monday by House Democrats.

Central Indiana home sales, prices soar as inventories shrink

Area home sales have risen on a year-over-year basis in 21 of the last 24 months.

Special Sections

2017 CFO of the Year: Dave Ritzler

Ritzler was employee number five at OurHealth, which has grown to 275 employees and annual revenue of more than $35 million since its 2009 founding.

2017 CFO of the Year: Greta Baker Cline

Cline’s work involves making both the temp workers and the clients that hire them happy—while also ensuring That's Good HR makes a profit.

2017 CFO of the Year: Charles Kurtz

Kurtz has led an expansion and funding effort over the past seven years that has generated $285 million in construction financing and $273 million in permanent loans.

2017 CFO of the Year: Chad Jensen

Jensen has overseen multiple acquisitions for The Cellular Connection, which is the country's largest Verizon Wireless retailer, with more than 1,200 locations.

2017 CFO of the Year: Nayna Patel

Patel and her family, who started their business with a single hotel, now have 23 hotels with 3,000 rooms.

2017 CFO of the Year: Brian Urbanski

Urbanski has been instrumental in Allied Solutions' $32.9 million move to Carmel’s Midtown District, allowing for a projected expansion of more than 600 jobs by 2025.

2017 CFO of the Year: Michelle Schroeder

Schroeder worked for Kimball before college then jumped in full time after she got her degree. She rose steadily through the company before landing her current post in 2014.

2017 CFO of the Year: Jeffery Taylor

Lafayette-based Wabash National Corp. promoted Taylor to CFO in 2014, and soon, the company was experiencing record demand and revenue exceeded $2 billion for the first time.

2017 CFO of the Year: Stephen R. Wawrin

With Wawrin in charge of finances, Escalade Inc. remains in front of its competitors in the ever-changing landscape of retail.

2017 CFO of the Year: Michael Eline

At Second Helpings, Eline has had to carefully weigh every expenditure against the mission of the not-for-profit, which puts out a million meals a year and trains adults for kitchen work.

2017 CFO of the Year: Jason C. Fenwick

In less than two years, Fenwick has balanced two budgets, grown parks-and-recreation investment, helped expand coverage at a school health clinic, and created an employee handbook.

2017 CFO of the Year: Jeff Welch

Welch helped Forum create a financial blueprint to rebuild the credit union’s fiscal strength after the Great Recession.

2017 CFO of the Year: Cheryl Harmon

Unlike others entering the C-suite (who traditionally come from accounting or finance), Harmon arrived with a background in health information management and data analysis.

2017 CFO of the Year: Aaron V. Hood

Hood's work helped land a nearly $6 million increase in funding, going directly to programs benefiting the courts, communities and litigants.

2017 CFO of the Year: Donna Walker

Walker has helped Hoosier Energy formalize a distinct long-term corporate strategy function.


Records for Dec. 4-10, 2017

Here are the records listings for Dec. 4-10, 2017.

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