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Indianapolis Business Journal - September 14-20, 2018

Indianapolis Business Journal - September 14-20, 2018

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In This Issue

Front Page

Recycling advocates want Hogsett to implement long-promised plan

Mayor Joe Hogsett and other city leaders held a recycling forum at Garfield Park in 2016, and urged attendees to think big. But two years later, not much has changed on the recycling front.

Debate rages over Medicaid work rules as state rollout nears

An estimated 85,000 low-income Hoosiers who receive Medicaid benefits will soon need to find a job, volunteer, get job training, or go to school—or risk losing health care for a few months.

Broadband blitz to lift economy, study says

Bridging the digital divide between rural and urban communities will take years to complete, but a first-of-its-kind $100 million state grant program is expected to be a significant start.


Top Stories

Penrose project to fill Mass Ave retail gap

Developers of the $50 million Penrose on Mass say they’ve already signed four commercial tenants to the block-long mixed-use project that won’t open for another five months.

Hc1.com dives deeper into opioid data, precision care

The Indianapolis medical-software firm recently raised $10 million in venture funding and is launching two major products in one month.

Purdue offers expertise that fuels growth for Indiana wineries

The state's annual wine-grape harvest generates an economic impact of $600 million, sustains 4,000 full-time jobs, and pays $37 million in state and local taxes.

Q&A: Golf pro overcomes disability, wins state title

Six years after golfer Brad Fellers was diagnosed with a rare bone malady that caused him to lose feeling in his right hand, he has qualified for the 2019 PGA Professional Championship.

Lilly's Elanco spinoff expected to raise up to $1.45 billion in IPO

The Greenfield-based animal health unit is gearing up for independence after 65 years as part of drugmaker Eli Lilly and Co. But Elanco has been struggling, and top management will have to work hard to stabilize the operation.

Homebuilder snags stables tucked away on north side for subdivision

Westport Homes has made a rare find: 33 acres of largely undeveloped land on West 64th Street in Washington Township. Until July, it was the home of Grandview Stables for more than six decades.

Franciscan plans to build $130M orthopedic hospital in Carmel

The hospital system said the facility would help meet the soaring demand for hip and knee replacements while also serving patients with the "most complex" orthopedic conditions.


Focus

After reshaping Westfield, Steve Henke plots huge golf community in Zionsville

Holliday Farms likely will take 10 to 12 years to complete, with its value exceeding $550 million.


Opinion

Editorial: Toll hike for heavy vehicles is smart boost for infrastructure

Finding the money to pay for infrastructure is a trick in an age when “no” is the default answer to any request for across-the-board tax increases.

NATE FELTMAN: Are you ready for the MDR Party?

Here's a potential alternative for anyone turned off by today's ineffective politics.

Robert Enlow: School districts can afford to pay teachers more

Had districts kept their non-teacher hiring in line with student growth—and invested the rest in their teachers—Hoosier educators could be making around $25,000 more per year.

Janet McCabe: Rolling back clean-car standards is misguided

President Trump's ill-considered proposal is now available for comment. Let’s hope a sound policy meeting everyone’s needs prevails in the end.

Kristen Cooper: How does a non-technical founder build software?

You don’t begin by writing an algorithm. You begin by understanding how the market perceives the problem you are trying to solve.

KIM: More skin in game may have prevented Lehman Brothers’ collapse

The Federal Reserve Bank of New York has stated that "misaligned incentives contributed greatly to the financial crisis."

Sen. Warren’s attack on billion-dollar companies is misguided

If for-profit firms are consistently mismanaged, eventually this reflects in subpar earnings. The investor’s escape hatch is selling one’s shares.

Letter: We need comprehensive oral health plan

If we are serious about improving the oral health status for all Hoosiers, stakeholders and policymakers must engage to create and fund contemporary solutions.


In Brief

Local firm sells Meridian Street office complex for $37M after shoring up space

Ambrose Property Group acquired the tired and mostly vacant downtown complex out of receivership in 2014 and embarked on a $20 million renovation.

Council OKs plan to issue $120M in debt to pay for road, bridge repairs

The debt, which would be secured by future revenue the city expects to receive from county option vehicle taxes and the increased gas tax, would be on the books for 20 years.

Governor plans business-development trips to Italy, Manitoba

Indiana Gov. Eric Holcomb and Lt. Gov. Suzanne Crouch are planning international economic development trips to help strengthen the state's automotive and agriculture industries.


Forefront

Matthew Skelton: Alcohol-permitting process holding Westfield back

The current quota system is based on the number of people that live in a community, not visitors.

Katie Beth Maddox: Legislature already has acted to help growing communities

In 2016, the Indiana Restaurant and Lodging Association worked with the General Assembly on legislation that enacted a solution to encourage restaurant development without harming current permit values.

Tom LoBianco: Politicians, like journalists, rely on the public’s trust

It’s not the inaccurate stuff that angers Donald Trump the most; it’s the distinctly accurate stories that spur his tweets of fury.

Michael Leppert: Democrats deserve to be courted by Donnelly

Democrats in Indiana deserve a candidate more committed to them than this.

Mary Beth Schneider: Amid the White House meltdown, where is Congress?

I appreciate the need for decent, competent people to stay in the Trump administration.

Jim Shella: Cacophony of negative campaign ads is here to stay

It’s much more difficult to get a political message to register when there are hundreds of TV channels. Negative ads get noticed.

Christina Hale: Terrorism isn’t the only crime that happens on planes

Assault on a plane. It happened to me in November 2013.

Curt Smith: Catholic Church must go from contrite to transparent

The Catholic Church has harbored a horde of pedophiles and given them sanctuary.

Glenda Ritz: Scrutiny of private-school vouchers is long overdue

From the beginning, I have believed the Choice Scholarship Program has been about financially saving many religious schools from closing their doors.

Abdul-Hakim Shabazz: When bad news is good news

Now, with social media, it’s a lot harder for people to get away with racial profiling and other abhorrent behavior.

Marshawn Wolley: Why being black in America fans ‘social disappointment’

The national anthem has become a reminder about the awkward and even hostile existence black people face in America.

Randall Shepard: How our state aims to win in the technology economy

The last few weeks have demonstrated the power of education in creating opportunity.

Jennifer Wagner: Holcomb, Hogsett aren’t part of political drama club

In these tumultuous times, the governor has shown an ability to work with lots of different folks on lots of different issues.

Riley Parr: Today’s climate of incivility won’t do our nation in

History has shown you gain many more people to your side with a quick, humorous retort than personal vilification.

Deborah Daniels: Hate-crime law would help Hoosier employers thrive

Some opponents of the legislation say it is largely symbolic—that its purpose is primarily one of sending a message. I say: So what’s wrong with that?


Records

Records


Explore

3 restaurant newcomers make splash in Hamilton County

There’s nothing like a “coming soon” sign in the window to build an appetite, so diners have flocked to a trio of Hamilton County newcomers that opened their doors this summer.

MIKE LOPRESTI: When the Colts are at home, this guy’s in on every play

Mike Jansen's been with the team 20 years—longer than Adam Vinatieri.

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