Indianapolis Business Journal - April 13-19, 2018


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In This Issue

Front Page

Huge surpluses have dried up for downtown tax increment financing district

Tens of millions in spending, along with unforeseen events, have drained the TIF’s unrestricted cash balance—money left to fund extra projects after covering debt and reserves.

GOP rivals scramble to stand out in Senate primary race

Republican U.S. Reps. Luke Messer and Todd Rokita and former Republican state lawmaker Mike Braun are fighting to run against Democratic incumbent Joe Donnelly in the fall.

Top Stories

Defense makes bold new claim before stockbroker Thomas Buck sentencing

The former star Merrill Lynch broker this month threw federal prosecutors for a loop, arguing days before his scheduled sentencing for securities fraud that his offense caused “zero financial loss.”

Tech guru Steve Case's Rise of the Rest Seed Fund pulls Indy area tech firms onto global stage

Since October, when the flashy former CEO of AOL drove his Rise of the Rest bus tour to Indianapolis, his company—Revolution—has invested in three local companies.

Businessman Alan Symons puts legal nightmare to bed

The executive has satisfied the terms of a settlement that extricates him from a $44 million court judgment stemming from a soured business relationship.

Live Nation books more shows for Indianapolis, Noblesville concert venues

The entertainment provider is launching its biggest seasons yet at both Ruoff Home Mortgage Music Center in Noblesville and Farm Bureau Insurance Lawn at White River State Park in Indianapolis.

Q&A: Every real estate deal has a life of its own

Adam Broderick, 38, assumed full leadership last month of commercial real estate firm JLL’s Indianapolis office, replacing John Robinson, who transitioned into leading the firm’s local leasing business.

UPDATE: St. Vincent CEO confirms land option at 96th & Spring Mill

But Jonathan Nalli said the health system has no plans to build a $1 billion hospital complex.

Proposed residential project in Zionsville would feature Dye-designed course

Henke Development Group LLC has requested the rezoning of about 600 acres for a project called Holliday Farms, which would feature a championship golf course, homes, retail buildings and restaurants.


Could warehouse robots replace workers? The answer is mixed.

The number of warehousing and storage jobs in central Indiana has more than doubled since 2001, both in numbers and as a percentage of total local jobs.

Manufacturers struggle to go digital in supply chains

Cummins has record number of patents in 2017

Medical-device maker expands in Shelbyville

Calumet acquires startup


EDITORIAL: Hoosier voters owe it to themselves to cast a ballot

In the last midterm election, in 2014, voter turnout in Indiana was below 30 percent, ranking last among the 50 states.

MAURER: Make your words do a U-turn

Take a look at these paraprosdokians and then try writing some of your own.

HAGGERTY: Indiana is giving ex-offenders a second chance

In Indiana, both Democrats and Republicans in the Legislature have acknowledged one of the key barriers to re-entry for those who have served time: finding a job.

CONNIE LAWSON: Going local to transform how Indiana does business

INBiz allows business owners to register and manage their business online by interacting with multiple state agencies.

KRISTEN COOPER: Is your startup idea viable and scalable?

Scalability requires sustainable, repeatable and measurable processes that increase sales volume and grow profits.

SKARBECK: Stock-market volatility actually can be good for investors

Just because volatility increases in the stock market doesn’t mean you will lose money or that your investments are riskier.

BOHANON & CUROTT: Spending on defense is small part of GDP

How big of a role do we Americans want to play in the world?

Open offices aren’t for everyone

In Brief

Franchisee sues Steak n Shake over pricing policy after losing money at 9 restaurants

A franchisee has filed suit against Indianapolis-based Steak n Shake in an effort to raise its menu prices because it says all of its restaurants are losing money.

Pizza-and-beer restaurant to open first Indiana location

A Columbus, Ohio-based chain that was named one of the nation's hottest restaurant concepts by Restaurant Business has signed a 3,500-square-foot lease at Hamilton Town Center.

Phoenix Theatre seeking $2M naming rights sponsor for new home

In a somewhat unusual move, the theater is making a public plea for a naming rights sponsor with a specific price tag.

Opponents of proposed Carmel mosque appeal city's approval

Dissenters have raised concerns about property values in nearby upscale neighborhoods being hurt by additional traffic and calls to prayer disturbing the peace.


Teresa Meredith: Arm teachers with resources, not guns

Guns in classrooms and in the hands of teachers is antithetical to establishing a teacher-student relationship built on trust and support.

Eric Dietz: Arming a few staff members can reduce casualties in school shootings

We need to re-evaluate the value of firearms with trained and law-abiding citizens and security staff instead of gun-free zones.

Mary Beth Schneider: When there’s a ‘time to every purpose under heaven’

I learned I had to ask for help, and that it would be there when I did.

Megan Robertson: Voters deserve more than a bad beauty pageant

How can you stand out from the crowd if you all say the exact same things?

Curt Smith: Senate races in suburban Indy will reveal if Trumpism is changing Indiana politics

We will know shortly after the polls close at 6 p.m. on May 8 the burden of incumbency and the primacy of policy with Indiana’s most conservative voters

Christina Hale: Advice for first-time candidates from a veteran

Remember not just who helped you win your race, but more importantly, why you ran in the first place.

Abdul-Hakim Shabazz: My campaign rules to keep the primary season sane

Don’t tell me we need to cut the fat and end wasteful spending. Give me details.

Michael Leppert: I-65/I-70 project will be record of our downtown priorities

There are many ways an update of I-65/I-70 can more accurately reflect who we are as a city.

JIM SHELLA: Sinclair station actions are cringe-worthy

I’ve already seen the arguments about how journalists wouldn’t complain if the Sinclair message came from the left. Wrong.

MARSHAWN WOLLEY: Indy must pay attention to housing discrimination

The racial composition of homeownership and even how prospective renters are treated in Marion County is still a problem.

DEBORAH DANIELS: Indy should be hands-down winner in Amazon HQ2 race

My question is not whether we are a player, but why any of the other finalist cities even have a chance at this prize.

RANDALL SHEPARD: Mergers and acquisitions affect more than just investors

It’s a story closer to home that has prompted me to think about corporate mergers and Indiana.

JENNIFER WAGNER: Do shopping habits triumph over political outrage?

Maybe we raise our fists and say we won’t buy something that doesn’t align with our beliefs—but we do it anyway.

SHARIQ SIDDIQUI: Movies could change perception of Islam, Muslims

Hollywood, when it wants to, can change narratives and transform the way we think about creatures, beings and people.

GLENDA RITZ: Civics education is alive and working in Indiana schools

Millennials are leading the way by seeking candidates’ positions on issues regardless of political party.

RILEY PARR: Universities need intellectual parity

For some, research on a specific topic, or perhaps a particular dogma, is the reason why they became professors.


Cafeterias still have cherished place in local dining scene

Though central Indiana doesn't offer as many cafeteria options as in the past, diners hankering for this sort of fare can still slide their trays past a long line of choices.

LOPRESTI: Who knew the Pacers would be this good? No one

Boring? Mediocre? The preseason prognosticators couldn't have been more off the mark.

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