Indianapolis Business Journal - February 2-8, 2018
In This Issue
High-end homes enjoy golden sales year
Home sales of $1 million or more in the Indianapolis area have skyrocketed 143 percent since 2012. Last year, nearly 150 such homes were sold, compared to only 61 five years ago.
Ordinance would tie hotel licenses to police and fire runs
City officials are considering an ordinance to crack down on hotels and motels they say are a magnet for crime, pose a danger to area residents, and drain city police and fire resources.
Cunningham stable of eateries is about to get even bigger
Serial restaurateur Mike Cunningham's stable of eateries has swelled to 24,and he's taking over the closed Old Point Tavern on Massachusetts Avenue and Cerulean at The Alexander hotel in CityWay.
Amazon’s incentives sure to be whopping
Any tax-incentive package to lure Amazon’s HQ2 to Indiana could easily top half-a-billion dollars and climb to more than $1 billion.
Co-conspirator in bribery scheme aims to avoid slammer
With the help of friends and family who wrote letters in his support, the first defendant avoided prison time. The second, who's also casting himself as a model citizen who exercised bad judgment, is hoping for the same outcome.
Banks poised to reap big gains from tax reform
Bankers and industry experts say the federal tax reforms passed late last year will give an especially big boost to banks.
Former T2 exec embarks on downtown car club, auto storage project
Mike Simmons has bought the former Chef's Academy on East Washington Street and is refurbishing the building to appeal to car enthusiasts by adding meeting and event space.
Eleven to play rent free at Lucas Oil Stadium, bigger crowds expected
A deal to split the expenses of operating the 67,000-seat venue for 14 or 15 Eleven games this year is still being finalized.
With Carson's out, what's next for Circle Centre?
Real estate experts disagree over whether the prominent downtown space being vacated by Carson's makes more sense for another retailer (perhaps Target?) or for an office user.
Under-the-radar IEA Energy becomes big player in wind-farm construction
The Indianapolis-based company, which began with a single dump truck 71 years ago, is about to go public in a merger worth up to $345 million.
East Chicago coke plant hit with $5M air-pollution fine
The settlement, announced Jan. 25, also requires the plant's owners to spend $250,000 on lead abatement.
IURC chairmanship attracts 7 candidates
The five-person commission regulates $14 billion in electric, natural gas, telecommunications, water and sewer utilities. It approves utility projects and determines how much utilities can charge customers.
Citizens Energy earned $90M in latest fiscal year
Citizens Energy Group said profit nearly tripled, to $90.1 million, on higher operating revenue in the fiscal year ending Sept. 30.
LOPRESTI: Langford chasing legends on state all-time scoring list
We travel from Lebanon to Lewisville and beyond to see what the keepers of history are thinking.
LOU'S VIEWS: Gutsy Buck Creek takes rarely revived ‘The Rink’ for a spin
Antique hunters get excited about finding items seemingly lost to history. So do musical theater buffs.
DINING: Pizza and wine bar in Greencastle is well worth the trek
A top Indy chef posted about a great restaurant an hour away. So I hopped in the car.
EDITORIAL: City must devise Circle Centre plan
A hulking retail property pocked with vacancies sends a terrible message about Indianapolis’ vitality to the throngs of conventioneers who walk its corridors.
FELTMAN: First of a three-part letter to Jeff Bezos
Bbased on our history and trajectory, it’s a pretty good bet that Indiana will continue on the path of good and innovative government, allowing your company to operate more efficiently here, thus allowing you to hire more talented colleagues and make more investments in your company.
KENNEDY: When opportunity knocks
A thoughtful revamping of the I-65/I-70 split can improve traffic flow, restore community connectivity and spur new economic development downtown.
BOSTIC: Using AI to combat opioid abuse
Indiana is extremely progressive in its response to the opioid epidemic, pursuing a data-driven approach coupled with tactical steps to broaden access to treatment centers.
FEIGENBAUM: Millennial legislative leader prepares for next role
Rep. David Ober isn’t destined to remain a lawmaker. He’s asked the IURC Nominating Committee (four former legislators are among its seven members) for its consideration to fill the IURC vacancy.
SKARBECK: Stock markets overseas may have more upside
With the United States perhaps in the later stages of an extended bull market, many pundits expect international and emerging stocks to outperform domestic stocks going forward.
BOHANON & CUROTT: Listen to statistics, but dig deeper for the truth
A statistic presented to buttress a particular political argument can, through a simple mathematical transformation, support an entirely different point of view.
LETTER: Raise women’s pay
House Bill 1390 and Senate Bill 93 hold employers accountable and give the Civil Rights Commission the jurisdiction to investigate and resolve complaints received by employees.
LETTER: Give us back our vote
Hoosier voters should choose their elected officials, not the other way around.
Speedway to offer spendy lodging in tiny houses for Indy 500 weekend
For folks who want something a little more structurally solid than glamping but more homey than a hotel, the Indianapolis Motor Speedway plans to offer lodging for this year's Indy 500 in pint-sized houses.
Fishers organizing new event to replace Freedom Festival
The city of Fishers on Tuesday announced a new event to replace the Freedom Festival—a 29-year-old summer celebration that was called off last year over financial issues.
Banks to sell off five Indiana branches as part of $1B merger
Cincinnati-based First Financial Bancorp and Greensburg-based MainSource Financial Group have agreed to sell off five bank branches in Indiana to resolve regulatory concerns that could stand in the way of their planned merger.
Original Circle Centre jeweler closes doors
Workers at Andrews Jewelers on the second floor of the downtown mall could be seen on Monday packing up gems and baubles behind security gates.