Indianapolis Business Journal - December 18-24, 2017


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In This Issue

Front Page

Rising star Oladipo has potential to become marketing juggernaut

Oladipo has exploded onto the central Indiana scene in his first season with the Pacers. He is fast becoming the face of the franchise

Unconventional bank racks up torrid growth

Banks aren’t usually among a community’s fastest-growing businesses. But most banks are vastly different from Carmel’s Merchants Bancorp.

Assembly Biosciences’ market value surges to nearly $1B, despite red ink

The 5-year-old Carmel biotech has won plenty of attention from Wall Street and has secured more than $100 million through licensing deals and a stock offering to help fund expensive clinical trials.

Top Stories

Five veteran radio sportscasters muse on careers, swap stories

IBJ talked with the longtime broadcasters about their experiences behind a central Indiana mic.

Residents object to third development plan near Westfield golf club

Westfield residents want to keep the city’s only public golf course open, but so far, any project that could do so hasn’t been able to tee off.

City rolls out community match program for infrastructure projects

Mayor Joe Hogsett on Thursday announced a new public-private partnership program that will award up to $4 million next year in matching funds to community organizations for certain infrastructure projects.

San Francisco firm converting historic downtown office building into hotel

The 109-year-old building—once the tallest structure in Indianapolis—is slated for a transformation into a 130-room hotel expected to open in early 2020.

Longtime Mass Ave tavern closing, with Cunningham in wings

The second-oldest bar in Indianapolis will soon close its doors, clearing the way for one of the city's most dynamic restaurateurs to take over the space.

Pacers president says city will 'break new ground' hosting NBA All-Star Game

NBA Commissioner Adam Silver said Lucas Oil Stadium was "briefly considered" as the site of the 2021 NBA All-Star Game. But a desire to have the game in a more intimate facility led the league and team officials to choose the 18,165-seat Bankers Life Fieldhouse to host the game.

A&E, etc.

LOU'S VIEWS: Best movies of 2017

An animated masterwork tops the list. And, yes, the latest "Star Wars" film made the cut.

DINING: Noblesville staple opens north-side Indy outpost

Matteo’s Ristorante Italiano's 86th St. location maintains charm and menu of the original.


EDITORIAL: Let’s make strides on smoking crisis by raising smoking age

Health care research finds that young people have a propensity to start smoking in their late teens but are highly unlikely to start once they reach 21.

PITTSFORD: Don’t skip succession planning in family businesses

Only 30 percent of family businesses make it to the second generation, and only 15 percent make it to the third generation

ROSS: A tax credit that works for Indiana

Compared with new construction, rehabilitation projects spend a larger percentage of costs on skilled labor, tend to keep wages and materials dollars within the community, and result in renovated buildings that tend to last longer and retain value longer than comparable new construction.

COOK & CULP: Workforce development to dominate session

Workforce has been a signature focus during Gov. Eric Holcomb’s first year in office, and it will continue to be a priority going into 2018.

URBAN DESIGN: Food culture is evolving along with our urban lifestyles

Food and our built environment are interacting and affecting one another like never before.

BOHANON & CUROTT: Market forces favored Yellowwood protectors

the controversy over the Yellowwood Back Country Area in Brown County raises an interesting question: Should conflicts over public land be resolved through a political or market process?

KIM: Don’t let Bitcoin turn you into the ‘greater fool’

“Greed,” “envy” and “pride” are three of the seven deadly sins, inflating not only the current bubble in Bitcoin but all the bubbles that came before and will follow.

LETTER: End war on hemp oil

Unless the General Assembly acts soon, CBD oil will no longer be available to Hoosiers who suffer from epilepsy, PTSD and addiction to opioids.

In Brief

Three-story building to rise on hot East 16th Street corridor

Mainstay Property Group has won approval to construct the office and retail project as the street's commercial revival kicks into high gear.

OurHealth sues former exec Oesterle in dispute over compensation

The fast-growing provider of on-site medical clinics for employers wants their former executive chairman to sell back his incentive units, but the two sides are hundreds of thousands of dollars apart in their assessment of how much those units are worth.

IEDC reports record-setting year for job commitments

The IEDC, which leads the state’s economic development efforts, said it secured 293 commitments in 2017 from companies around the world to locate or expand in Indiana.

Culinary complex in Fishers reveals first two tenants

A local restaurateur with a long track record in red meat and high-end dining is planning both a casual eatery and throwback watering hole at The Yard at Fishers District.

Local TV news veteran shifts gears with new show

Former WISH-TV reporter and anchor Patty Spitler has retired "Boomer TV" in favor of a new program with broader appeal.

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