Indianapolis Business Journal - November 30 - December 6 , 2018

Indianapolis Business Journal - November 30 - December 6 , 2018


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In This Issue

Front Page

CIB to ask state for millions to help fund long-term needs

City convention officials are gearing up for a big financial ask of the Indiana General Assembly next year as they set out on a $120 million expansion of the Indiana Convention Center at Pan Am Plaza.

Carmel spine surgeon wins $112M verdict in royalty battle with Medtronic

At issue in the five-year legal dispute was whether Dr. Rick Sasso was properly compensated for various inventions, and whether Minnesota-based Medtronic paid him sufficient royalties as spelled out in their agreements.

Top Stories

Metro apartment boom continues as rents keep rising

Apartment rent is on the rise in Indianapolis, thanks in large part to the area’s boom in new multifamily developments—and updates to old ones.

Boone County has more jobs, few workers

Boone County has been deluged with announcements about new businesses with new jobs, but filling those jobs could be challenging in a fairly rural area with a rock-bottom unemployment rate.

Virtual reality plays growing role in retail

Early-adopter retailers in central Indiana—including Walmart, Macy's and California Closets—are embracing virtual reality for employee training or to enhance customer experiences.

Q&A with Alan Witchey, Damien Center's CEO

In August, Witchey became head of Indiana’s oldest and largest AIDS service organization.

Future looks brighter in Martindale-Brightwood with new library, high school, community center

Residents of the struggling neighborhood showed up in force on Tuesday morning to celebrate milestones they said represented much-needed change and progress.

Vote postponed on controversial Broad Ripple apartment project

The developer of a proposed 164-unit apartment complex in the heart of Broad Ripple said it would consider going back to the drawing board in an effort to get the blessing of some area residents who have concerns about the project.

Insurer acquires former CMG headquarters in Fishers as part of expansion plan

DMC Insurance, founded by three former executives from local insurer Baldwin & Lyons, has acquired a prominent office building along Interstate 69 in Fishers and plans to ramp up employment.

Riley Children’s Foundation announces $175 million campaign

It’s the foundation’s first capital campaign since 2010, when it raised $200 million. The money will be used for pediatric research, patient care, maternity and newborn health, and family support programs.


Veteran of FBI, TSA trying to turn around Anderson University

John Pistole, an Anderson native who took the helm of the Christian university in 2015, said putting it on stronger financial footing has been tougher than he expected.

Indiana's push to raise teacher pay creating unlikely allies

It’s not every day that the state’s teachers union, Republican leaders and education advocacy groups find themselves working toward the same goal.


Editorial: Lawmakers should work with CIB to fund sports, convention upgrades

But it will be important to see where the Capital Improvement Board sets its priorities before IBJ endorses a final plan.

GREG MORRIS: GM realignment giving consumers what they want

The automaker is simply doing what companies do in a free-market economy.

Larry Gigerich: Cities, states should revisit economic-incentive policies

Flexibility, reasonability, accountability and transparency are all important factors to consider when taking a long-term view of incentives and entering into a public-private partnership.

Dennis Murphy: Discourage smoking, save lives with smart public policy

Only five states have higher rates of infant mortality than Indiana’s. While the past two state administrations have declared infant mortality a priority to fight, the death rate remains grimly high.

HAHN: How to avoid digging a financial hole during holidays

It is so easy to get caught up in the hunt and forget why an item you didn’t know existed 20 minutes before now feels like a necessary purchase.

BOHANON & CUROTT: Data can be dangerous in government hands

As if you didn’t know, Big Tech keeps track of our internet searches and uses that information (gasp!) for profit.

Letter: Cigarette taxes slippery slope

Tripling the tax on a pack of cigarettes and giving it to Legislators and administrators is folly. It just gives them more money to waste

In Brief

Area builders still seeing rising demand for homes, but pace is slowing

Indianapolis builders saw the smallest monthly increase in applications in the past year in October, and six of the area’s nine counties saw declining permit filings

Developer spending $15M to build senior villas on 86th Street

A senior housing community east of the St. Vincent Hospital campus is expected to undergo a major expansion over the next year that will add several dozen independent-living residences.

Riverview Health chooses north Carmel site for new facility

Riverview Health plans to build one of its new freestanding combined ER/urgent care facilities on Hazel Dell Road, south of 146th Street.


John Krull: Donald Trump loves silly fights—and this is one of them

The pity is that too many journalists, including Acosta, end up playing along.

Curt Smith: Trump team mishandled flap, but decorum matters

People like Acosta risk causing less access for all journalists by being such bloviating bores.

Adrianne Slash: Republican Party is driving out people like me

I can’t align myself with hate and shouldn’t be asked to.

Dana Black: Disappointing year in Indiana but still gains to cheer

With all the women of color winning congressional races, you know Shirley Chisholm and Barbara Jordan are smiling down on us doing the Cha Cha Slide.

Jennifer Ping: The only poll that matters happens on Election Day

The Braun campaign energized volunteers. Volunteers worked hard to get out the vote. And voters voted.

Baron Hill: How Democrats can win in Indiana again—matter!

Recruiting good candidates, registering new voters, and raising money are time-consuming and hard but fundamentally important. Nothing worthwhile comes easily.

Gerry Lanosga: Cities must be open about data collection, data itself

Public officials need to be as bold and creative about public transparency as they want to be about innovation in technology.

Ed DeLaney: The silent supermajority—how could things be better?

I predict a major case of inaction.

Karen Celestino-Horseman: It’s time to reform Indiana’s redistricting process

In actuality, it takes a lot more time, money and effort to gerrymander than it does to draw compact, organized districts.

Deborah Hearn Smith: More women are headed to Congress. Will it matter?

We cannot assume our issues will find champions.

Una Osili: We need more women in economics

Female economists have been shown to have different views from their male colleagues and support divergent policies.

John McDonald: The economics of click, ship and wrap

Business owners must shift their mindset and accept that using automation and technology advancements in warehousing and logistics is the only way to stay competitive.

Leah McGrath: Who will carry the torch, guide the next generation?

We have become complacent in our quest to see the good, and there is still so much good.

Anne Hathaway: How SNL taught us to ‘never forget’

We all want what is best for our country and her people.


MIKE LOPRESTI: A look inside Warren Central’s trophy machine

The east-side school has amassed an impressive collection of state championships under Marques Clayton.

In performing as Judy Garland, Katy Gentry opens up about her own life

Katy Gentry has been listening to Judy Garland since she was 13 years old and was gifted a copy of the iconic singer’s Carnegie Hall concert on vinyl.

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