Indianapolis Business Journal - March 1-7, 2019
In This Issue
Indy Eleven’s race to join Major League Soccer must clear many hurdles
Legislation passed by the Indiana Senate makes money for a soccer stadium available only if the city gains a Major League Soccer franchise—but that same legislation could make it more likely the MLS gives it a team.
$50M HHGregg suit attacks insiders for accepting customer deposits to very end
The suit charges that accepting the deposits at a time HHGregg's tailspin cast doubt on its ability to provide the merchandise saddled the company “with tens of millions of dollars in unwarranted and unnecessary liabilities and recklessly caused the permanent destruction of the company’s value as a going concern."
Fans of late champion cyclist Major Taylor say it’s time for city to embrace icon
The African-American cyclist—who took the world by storm at the turn of the 20th century is finally receiving the national admiration he never garnered while alive.
Study finds rail-with-trail idea much costlier than trail-only plan, Fishers says
The city of Fishers has released a study that says constructing a trail on the Nickel Plate Railroad corridor would cost at least $20 million more if the development maintained a rail line alongside the trail.
Indy earplug maker is focus of veterans' product-liability lawsuits
More than 200 current and former members of the military from multiple states have filed federal and state suits against the parent of Indianapolis-based Aearo Technologies LLC in recent weeks.
California tech firm Jobvite invests in Fishers
In four years, the Indianapolis office of the job-candidate-recruiting software company has grown from one employee to 30.
Here’s where six General Assembly issues stand at halfway mark
The first half of the legislative session was generally quiet (save an emotional debate about a hate-crimes bill) but that might just be the calm before the storm.
New sign ordinance sails to City-County Council approval
The ordinance as originally proposed included a controversial provision that would have reversed the city's ban on digital billboards, but the provision was removed earlier this month.
Q&A with Jeannie Marrugo, co-founder of Cafe Baby
The company cooks, purees and freezes fresh baby food at the Circle City Industrial Complex and sells it online and at the Carmel Farmers Market.
Upgrades by city, Indiana Repertory Theatre boost future of iconic building
The Indiana Theatre building, which opened in 1927 as a movie palace topped with a ballroom, had been in need of TLC for years.
Developer plans $30M apartment project at former college site downtown
Milhaus' 175-unit project, dubbed The Grid, will also include a 180-space parking garage and an enclosed outdoor courtyard with kitchen and lounge areas.
Shiel Sexton taps new president
Kevin Hunt, 50, is assuming the presidency from Mike Dilts, 63, who remains CEO and chairman.
Flaherty & Collins plans $170M Michigan project
The project in suburban Detroit will include 500 apartments, a 200-room hotel, 20,000 square feet of retail and dining space, and a 30,000-square-foot grocery.
Planned 800-room convention center hotel would carry ritzy, new Hilton flag
Hilton selected Indianapolis as one of three markets for its new Signia line. The hotel is a key component of efforts to beef up downtown's capacity to host large events and conventions.
Kite Realty to unload up to $500M in properties
The Indianapolis-based retail real estate firm hopes to pay down debt, improve the quality of its assets and focus on preferred markets. Its shares fell on Wednesday after it revealed the plan and underwhelming quarterly results.
Indiana on the right path in rethinking tourism approach
GREG MORRIS: Agbiosciences innovation helps drive state economy
AgriNovus working to help Indiana capitalize on natural strengths.
KENNEDY: Legislators ignore their constituents—again
Tim Cook & Katie Culp: Legislature should learn from New York’s HQ2 flameout
How the New York collapse transpired was unique to that location and those facts, but it provides a meaningful lesson for the Hoosier state.
Letter: Absentee-ballot voters shouldn’t need an excuse
State Rep. Carey Hamilton’s ideas to improve voter access in Indiana are common sense ideas, all well-proven in other states.
Letter: Indiana’s forests are in good hands
The Division of Forestry, staffed by real foresters, has no intention of liquidating our state forests. That would make no sense. The forest products industry gains nothing by lowering hardwood values and cutting away their futures.
Indiana’s kids can’t wait
Not-for-profits should prepare for volunteers
Airport sees second straight year of record passenger traffic
Growth in international airline traffic, fuller planes and the addition of 500 flights by Allegiant Air helped led to record passenger traffic at Indianapolis International Airport in 2018.
Allison Transmission's sales, profit surge to annual record
Allison Transmission Holdings Inc. saw sales rise 10 percent in the fourth quarter, capping a record year for the Indianapolis-based manufacturer.
Rolls-Royce pursues big contract that could boost local jobs by 150
Rolls-Royce announced Monday that it intends to bid on the Air Force's B-52 bomber re-engining program, which would extend the fleet's life until 2050.
Council OKs $300K appropriation to assist homeless, panhandling population
The funds will allow the city to start a pilot job program for would-be panhandlers, offering work on projects like graffiti abatement, downtown cleanup or beautification.
2019 Health Care Heroes: Internships for the disabled put desirable jobs within reach
A partnership forged six years ago to match disabled college students with paid internships has blossomed into the Eskenazi Health Initiative for Empowerment and Economic Independence.
2019 Health Care Heroes: Team helps frail elderly avoid hospitalization
OPTIMISTIC, a project of Dr. Kathleen Unroe and researchers at the Regenstrief Institute, gives frail nursing home patients the medical care they need without moving them to a hospital.
2019 Health Care Heroes: Clinic cares for Hamilton County’s poor
In a county known for its affluence, the clinic has become a lifeline for the working poor and the small businesses that employ them.
2019 Health Care Heroes: IU Health, Riley give sickest cancer patients access to game-changing therapy
CAR-T therapy, a life-saving treatment for certain types of cancer, became available at IU Health in July 2018, four months after FDA approval.
2019 Health Care Heroes: Dementia-care model keeps drugs on shelf
American Senior Communities is at the forefront of the movement to replace drugs with a holistic approach that relies primarily on tools such as music, aromas and robotic pets to put residents at ease.
2019 Health Care Heroes: Kids get chance for more-mobile future
Dr. Denise Carpenter and nurse Jennifer Buckingham are advocates for Pediatric WalkAide, a programmable battery-powered device worn in a cuff that sends electronic impulses over nerves and muscles to stimulate movement and help some children with disabilities walk.
2019 Health Care Heroes: Decorated pediatric surgeon works with kids he saved decades ago
Dr. John Brown has spent four decades repairing children’s hearts and, in some cases, inspiring them to follow in his footsteps.
2019 Health Care Heroes: Respect for seniors set doctor’s path
Dr. Chris Callahan’s care for elderly patients informs his research into Alzheimer’s disease and late-life depression.
2019 Health Care Heroes: Oncologist champions access to care
Dr. Sumeet Bhatia helped launch a dedicated oncology informatics team at Community Health, which he says is crucial to the efficient delivery of care.
2019 Health Care Heroes: Longtime hospice advocate helps homeless die with dignity
For turning around the fortunes of the Abbie Hunt Bryce home’s fortunes through sheer will and compassion, Penny Davis is the top honoree in the Health Care Heroes non-physician category.
2019 Health Care Heroes: Former journalist puts passion to work for patients
Shelley Johns didn't find her calling the first time around. She began working in broadcast journalism, but decided to switch to a career in health care.
2019 Health Care Heroes: Nurse leaves bedside to shape lives
Eight years ago, Delores Brown made a career leap that isn’t as jarring as it sounds. She left her longtime job as an Indianapolis Public Schools police officer to become a nurse.
2019 Health Care Heroes: Top volunteer works tirelessly to help neighbors live longer lives
Linda Ellis is a leading ambassador for the American Heart Association's work to address health disparities, heart disease and stroke in the African-American community.
2019 Health Care Heroes: Riley wagon wrangler brings personality to job
If there’s a model volunteer at Indiana University Health’s Riley Hospital for Children, it might be Kurt Bassett. Though Bassett lives with autism, it doesn’t define him.
2019 Health Care Heroes: Centenarian finds role that’s ‘just right’
Eulala Roettger became a volunteer after she retired from classroom teaching in 1984, but it took her a while to find the perfect place to donate her time.
MIKE LOPRESTI: This year’s basketball onslaught is prelude to 2020
Next year's hoops smorgasbord will be unlike anything the city has ever seen.