Indianapolis Business Journal - January 18-24, 2018
In This Issue
Ideas abound on where to put Indy Eleven soccer stadium
Owner Ersal Ozdemir isn’t revealing possible locations for his $550 million Eleven Park project, but community leaders and other observers are bandying about lots of options.
Drowning in debt, FullBeauty Brands to file Chapter 11
The online retailer of plus-size women’s apparel with a deep history in Indianapolis and nearly half its workers here is attempting to extricate itself from a debt load of $1.3 billion.
$15M project to widen State Road 32 will disrupt downtown Westfield businesses
By 2022, the city and the Indiana Department of Transportation expect to begin widening a half-mile section of the thoroughfare from Shamrock Boulevard to East Street.
Daniel Jones, like his famous father, isn’t afraid to sling stones at giants
He thinks his ride-share company, Bloomington-based Nomad Rides, has a unique business model that can carve out market share from goliaths Uber and Lyft.
Bates-Hendricks working to attract, shape commercial development
Now that Bates-Hendricks has emerged as one of the city’s housing hot spots, its neighborhood association is focusing on the commercial boom residents believe will follow.
Decimation of daily newspapers sets stage for potential Star sale
All newspaper companies have cut costs as they struggle with the decline in what had been their cash cow—print advertising—and simultaneously scratch and claw for digital advertising.
Q&A with Maggie Lewis, CEO of the Boys & Girls Club
Maggie Lewis, who took the helm of Boys & Girls Clubs of Indianapolis last year, would like to see the organization expand its hours and offer weekend programming.
IndyCar Series tabs Japanese infotech firm as new title sponsor
The deal with NTT might surprise some fans of IndyCar, which for its past two sponsorship cycles has paired with brands widely recognized by American audiences. But NTT is well-known overseas and wants to grow its global brand.
Local sports analytics firm scoring big with NFL
A trio of jocks and computer geeks from Rose-Hulman Institute of Technology has produced computer software that has had a major impact on the top level of college baseball and softball. Now the small, self-funded firm is making a big play in the NFL with data analytics.
Lawmakers want to pay teachers more, but struggle over how to do it
There is little to no agreement in the Statehouse for how much higher to raise teacher salaries or how to get them the money.
EDITORIAL: Private equity firm’s bid for Gannett is bad news for IndyStar, city
We certainly don’t think Gannett has the answers to what ails daily newspapers. But Digital First doesn’t appear interested in even finding an answer.
GREG MORRIS: Legislature goes after public notice—again
Eliminating information in print makes it too easy for governments to hide.
CHOK: Access, money key to building Indiana’s tech workforce
Indiana’s future depends on more students developing a voracious appetite for coding and the tech field at large.
DAVISON: A path to more good jobs in central Indiana
In December, we announced to our more than 2,000 associates an initiative we call the OneAmerica Pathway to a Sustainable Income.
In new year, consider a new workplace culture
Disruptive Statehouse issues tough to anticipate
URBAN DESIGN: Minneapolis getting kudos for Indy-like housing policies
Northern city's headline-grabbing policy isn't much different than what we've already accomplished.
Bohanon & CUROTT: ‘Soak the rich’ will not work for the economy
We don’t think the republic can work if high earners are the only ones paying for government.
HAHN: Tax season is prime time to discuss final wishes
I know from experience, it is much harder to make smart choices in an emergency or crisis.
Letter: Cartoonist captured leaders’ fear of marijuana
In the Jan. 4 editorial cartoon, Shane Johnson effectively and humorously showed the truth and reality of the perpetuated fear and hardheadedness of Indiana leadership, including Gov. Holcomb, over the legalization of marijuana.
Letter: Condescending left doesn’t get Hoosiers
Yes, Mr. Hanscom, I am well aware of the left’s vision for this country and I, like the overwhelming majority of Hoosiers who voted for Mike Braun, want no part of it.
Bill would boost CIB funding, require new 25-year deal with Pacers
A bill filed by Senate Appropriations Chairman Ryan Mishler would extend the life of multiple tourism- and entertainment-related taxes that help fund the Capital Improvement Board and expand the footprint of what’s known as the Professional Sports Development Area to capture even more tax revenue for the CIB. But there's a catch.
Council panel postpones vote on controversial billboard plan to consider changes
Council Vice President Zach Adamson said “we all have received lots of calls” on the proposal and said postponing the matter would “allow additional conversation" on whether or not to amend the proposal or accept it as written.
Fast-growing DoubleMap, maker of transit software, merges with Utah company
The Indianapolis company, formed in 2009, makes apps that allow users to track buses in real time and hail rides on demand. It is merging with Ride Systems LLC to gain more users and build market share.
South Carolina firm buys northwest-side office park for $6.5M
The acquisition of Commerce Park's amalgamation of office buildings marks the second significant purchase in the Indianapolis area for Ziff Properties.
IU establishes new research center focused on inclusion, socioeconomic barriers
The Center for Research on Inclusion & Social Policy is in the process of developing several projects, including a study of international migration to Indiana, evictions in Indiana counties and the impact of race on homeownership, based on a recent report by the Brookings Institution.
MIKE LOPRESTI: Hoosier-packed rivals prepare to do battle
Seven native sons will start when Ball State and Miami take to the hardwood.