Indianapolis Business Journal – July 6-12, 2018


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In This Issue

Front Page

Property owners along Nickel Plate Line in three counties seek compensation

At least two law firms are pursuing suits against the federal government on behalf of landowners as Hamilton County leaders make plans to convert a portion of the line into a pedestrian trail.

Four developers vying to build hotel at Indianapolis International Airport

The hospitality market is booming—so is it finally time for Indianapolis International Airport to add an on-site hotel? Airport leaders are examining pitches from four developers that think it is.

Caesars steps into unfamiliar role in Indiana: horse track operator

The Las Vegas-based casino company will soon own Indiana Grand in Shelbyville and Hoosier Park in Anderson, the state’s only two casinos with horse-racing tracks.

Top Stories

Brackett seeks franchisees for Stacked Pickle expansion

The former Indianapolis Colts is looking to expand a local love for fried pickles and mixed drinks that he’s cultivated through his home-grown sports bar.

Circle Centre profit gets lift from eateries, IPS tax cut

The mall posted higher profit and improved sales per square foot in 2017, though retail observers say it remains at a crossroads following the closure of its last department store, Carson’s.

Federal tax credit will help former YWCA serve homeless

A historic downtown building half a block from the Central Library will undergo an $8.7 million face-lift&mdash.

New rule puts companies’ median pay in spotlight

The public attention might up the pressure on corporate boards to rein in pay for top brass, especially if multiple years of reporting document the gulf between median pay and CEO pay is widening.

SPJ chief: ‘Journalists have been through a lot’

Alison Bethel McKenzie had been executive director of the Society of Professional Journalists only a few months when the media industry suffered one of the deadliest days for journalists in America.

Chamber eyes closures, cuts to help IPS manage budget issues

The Indy Chamber said it has “identified dozens of recommendations that add up to hundreds of millions of dollars in potential savings” for Indianapolis Public Schools.

Nursing home exec Burkhart handed stiff sentence for kickback scheme

James Burkhart’s hopes for a light sentence were dashed Friday afternoon when a federal judge handed down a lengthy sentence for his role in leading a massive kickback scheme as CEO of Indiana’s largest chain of nursing homes.

Local collision repair chain Church Brothers acquired by national player

Church Brothers, which has six area locations, was founded in Indianapolis in 1929 by brothers Noel and Clem Church and remained family-owned and operated for three generations.


Minority-owned firms chase contracts to build criminal justice center

If the city of Indianapolis meets its goals, at least $154 million in contracts for the $571 million project will go to minority-owned firms.

ANDREW APPEL: It’s time to make diversity a true business priority

A broad definition of diversity is most valuable when it includes inherent diversity, such as gender, ethnicity and sexual orientation; and acquired diversity, which are traits gained from experiences, such as living and working internationally or interacting with a marginalized group.

Younger workers want more varied educational pathways, study finds

Educational background tops age, gender, disability, ethnicity, social status, sexual identity or orientation and religion as an area of diversity young workers say businesses should work on most, according to the survey of more than 12,000 millennials and Gen Z-ers from 36 countries.


Editorial: Let’s embrace the scooters

These new transportation options need regulation, but city officials should resist overreaching.

MICKEY MAURER: Mickey’s Camp about more than fun

Support a worthy cause while learning new skills and hearing from a line-up of speakers that includes IU basketball coach Archie Miller.

Sheila Kennedy: You can choose your positions — but not your facts

What isn’t reasonable—or honest—is the use of unsubstantiated and clearly untrue accusations to attack an organization that provides essential medical services to women who could not otherwise access them.

Larry Gigerich: Invest in quality of place as a talent-attraction tool

In the Indianapolis metropolitan area, a significant amount of planning and dollars have been invested into the development of quality-of-place assets.

KIM: Buffett says ‘short-termism’ harmful to economy and investors

A shrinking-but-still-significant population of public companies provides quarterly “guidance” to analysts, which is essentially management’s own estimate of future earnings.

BOHANON & CUROTT: Debt is bigger U.S. threat than nation’s trade deficits

Many think that, if our debt even approaches 200 percent of GDP, our currency will lose its reserve status or our super-low interest rate will rise.

Liz Malatestinic: From inappropriate to illegal, these are interview questions to avoid

Perhaps you’ve heard these warnings from your HR department and didn’t take them seriously, but there is solid reasoning behind their directives.

LETTER: EID defeat was lost opportunity

We should be inspired by Downtown Indy to pursue similarly inspiring plans. Let’s hope the EID’s temporary fate doesn’t deter others from advocating for potentially game-changing ideas.

In Brief

Public Greens plans to open downtown restaurant late this year

The restaurant in the Cummins building will boost Patachou’s roster of central Indiana restaurants to 14.

Indianapolis to host 2019 Young Democrats of America National Convention

A bid to host the convention by the Indiana Young Democrats topped efforts by groups from Pittsburgh, Minneapolis and Chicago.


Records for July 6-12, 2018

Here are the records listings for July 6-12, 2018.


When your everyday stroll takes its toll, try these walking paths

If you are interested in adding variety to your ambulatory activities, central Indiana has plenty of low-impact spots where you can comfortably set your own pace.

MIKE LOPRESTI: Baseball holds clues to solving basketball’s one-and-done problem

Those who govern college and pro hoops could learn a thing or two from the boys of summer.