Indianapolis Business Journal – June 28 – July 4, 2019




In This Issue

Front Page

City’s poor often have few affordable options for banking, other financial services

Banking is more expensive for the people who most need it to be affordable, a reality that experts say plays a significant role in preventing many Hoosiers from snapping the cycle of poverty.

Debunking medical myths all in a day’s work for IU’s Dr. Aaron Carroll

Carroll uses Twitter, a New York Times column, blog post, podcast, videos and books to publish his findings on just about any health issue he thinks needs explaining or correcting.

Top Stories

Nearly $18B on the line for Indiana in 2020 census count

The U.S. Census Bureau is preparing to launch its 2020 count, and the data collected will determine how much the state could receive for the next 10 years.

Indy Eleven can’t move forward on stadium until team secures site, financing

Owner Ersal Ozdemir still has many hurdles to leap to make his soccer stadium a reality, even though he scored a huge Statehouse victory in April by winning approval of a funding mechanism.

What’s next for Simon Property Group’s sagging stock price?

The company’s shares—like those of many in retail real estate—are out of favor, as investors wring their hands over retail bankruptcies and the long-term impact of e-commerce.

Q&A: Upholstery teacher makes digital pivot

Shelly Leer operates a makers space in SoBro where she teachers upholstery and other hands-on skills. But you don’t have to live in Indy anymore to benefit from her instruction.

Indiana fish farm poised to make history with genetically modified salmon

The salmon produced by AquaBounty are the first genetically modified animals approved for human consumption in the United States.

Industrial park planned for 167-acre Whiteland site by I-65

A Kansas City, Missouri-based developer intends to provide a wide variety of spaces for logistics, advanced manufacturing and e-commerce users, with five buildings ranging from 168,480 square feet to 1.2 million square feet.

Mandy Haskett: Trust calls for competence and connection

Trust is a linchpin that undergirds productivity, engagement and advancement. When that pin is pulled, we quickly see the most beautifully designed brands, carefully crafted technical strategies, and well-researched consumer insights fail.

Indianapolis Public Schools picks interim superintendent to lead district

Interim superintendent Aleesia Johnson, a longtime ally of charter schools, was officially chosen to lead Indianapolis Public Schools by the district’s school board Friday.

Eldorado’s proposed $17.3B acquisition could make it state’s biggest casino owner

Eldorado Resorts Inc. announced Monday that it plans to buy Las Vegas-based Caesars Entertainment Corp., creating the largest gambling operator in the United States—and in Indiana.


Home prices keep rising but experts say there’s no bubble in sight

“Our area’s price points are not out of control” like other parts of the country, said Rachel Burt, a broker with F.C. Tucker.

Midcentury showplace features mix of old and new

Steve and Deanna Gray own a renovation company but it took them a while to renovate their own home, returning it to its days as a showpiece.


Editorial: GOP needs women in Congress

Female lawmakers like Susan Brooks and Jackie Walorski offer important perspectives, experience for lawmaking.

GREG MORRIS: Why we need to move away from oil now

Our former mayor gives a compelling argument for ending our reliance on foreign oil.

Jim Dalton: Hiring adults with autism can help business, community

At this point, only about 1% of all autism research funding is focused on adults. That’s simply not enough to equip us to address the coming surge in adults with autism.

Change in higher ed requires dynamic responses

PETE THE PLANNER: If you won’t start budgeting, show discipline another way

If you don’t want to budget, then don’t. It won’t ruin your financial life as long as you accept a couple of important boundaries.

BOHANON & STYRING: Economist honored by Trump is neither hero nor villain

The president just awarded 78-year-old economist Arthur Laffer the Presidential Medal of Freedom. Some call the namesake of the so-called Laffer curve a kook and a fake; others see him as a hero.

Letter: Law is threat to Hoosier women

Do we really want to pay millions of dollars to defend this law when all similar laws have been found unconstitutional?

In Brief

Former Taco Bell franchisee giving Butler University $5 million

An alumnus and former board of trustees chairman who made part of his fortune as a major Taco Bell franchisee has pledged a $5 million gift to Butler University, the university announced Tuesday.

Local attorney to challenge Hill for Republican AG nomination

John Westercamp’s bid comes as Indiana Attorney General Curtis Hill faces an attorney disciplinary action and a civil lawsuit stemming for accusations he drunkenly groped four women at a party in March 2018.

Caesars set to update all Indiana facilities for sports betting

At the Winner’s Circle in downtown Indianapolis, Caesars will add extra bar seating and televisions. It also is adding an activity area with cornhole boards and shuffleboard to create more of a sports-bar-like atmosphere.


Kyle Hupfer: GOP fosters the growth of businesses—and people

We want Indiana to be, as the governor says, the best place to live, work, play and stay.

Ed DeLaney: Time for a divorce—business should give up on the GOP

The Indiana Republican Party has utterly failed to address our need for a larger workforce.

Leah McGrath: American dream shouldn’t be only for the upper 20%

There will always be a bell curve, but it’s slanting too far to one side.

Karen Celestino-Horseman: Gay rights have come a long way—but have far to go

Change will come fast as the next generation takes control of our Legislature, Congress and the courts.

Beverly Gard: View from other side of Legislature is not impressive

For real reform on high-stakes issues … recommendations need to come from committees where money and campaign contributions are not a factor.

Gary Varvel: Editorial cartoonists are important but disappearing

Most people will look at a cartoon who will never read a 700-word essay.

Greg Weaver: Let’s create a lunar economy in Indiana

There’s no reason Indiana companies couldn’t benefit one day from a burgeoning space-exploration economy.

Unsa Osili: Candidates should focus on quality of higher education

Higher education can emphasize tomorrow’s workforce with a focus on critical thinking, innovation and service.

Brad Rateike: Thanks to a lawmaker who truly understood the role

Let’s hope the citizens of the 5th District use an appropriately discriminating eye when evaluating who should represent them in the next Congress.

Adrianne Slash: Engage with candidates to have your message heard

No one wins when any voter or interest group chooses not to engage.

Deborah Hearn Smith: The rights and the responsibilities of citizenship

In a democracy, leaders are obligated to exercise the will of the people. We elect a president, not a king.

Dana Black: Let’s help foster families with adoption subsidies

By their actions, it is quite clear our legislators are not interested in helping families.

Jennifer Ping: In the words of Fred Rogers, ‘Won’t you be my neighbor?’

Don’t be too busy to be a good neighbor, and let’s all help Indy to be a safer community.

Claire Fiddian-Green: Youth e-cigarette use is accelerating like a runaway train

By pulling the emergency brake, we can keep the epidemic from proliferating further.

John McDonald: Controlling your own data destiny

Where the conversation should be directed … is putting consumers in control of their data through a technical solution.


MIKE LOPRESTI: NBA second-rounders start with a chip on their shoulders

Purdue’s Carsen Edwards is the latest to join the club that no one wants to belong to.