Indianapolis Business Journal

APRIL 28-MAY 4, 2014

In the weeks since the city announced its $160 million deal to help subsidize the Indiana Pacers and Bankers Life Fieldhouse, the one person we haven't heard much from is team owner Herb Simon. In this week's IBJ, Greg Andrews presents a wide-ranging interview with the billionaire that reveals his succession plans and details about team revenue and costs. Also this week, Scott Olson has the scoop on a planned building boom at Butler University. And in Focus, Anthony Schoettle looks at the new ride-share services in Indy.

Front PageBack to Top

Herb Simon: $160M Pacer deal helps heirs

Herb Simon, 79, says the $160 million deal the city struck with the Indiana Pacers this month for operating costs and stadium improvements is an outgrowth of negotiations that began way back in 2007.

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Top StoriesBack to Top

Finish Line’s chain of running stores ‘turning a corner’

The Finish Line Inc.’s 48-store specialty running chain has been stuck in neutral and unable to grind out a profit since its inception three years ago. But the Indianapolis-based athletics retailer thinks its Running Specialty Group is poised at least to break even this year after reporting small losses every year since 2011.

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Hospitals rethinking a la carte pricing

Indianapolis hospitals have begun to offer joint replacement surgeries to employers and insurers using “bundled prices.” That means, instead of billing piecemeal for each individual service and supply, the hospitals wrap everything needed from just before to just after surgery into a package deal.

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FocusBack to Top

OpinionBack to Top

Hicks: Obama pitches gender pay gap to the gullible

If we separate people into two groups by age, education, gender, race, occupation or almost any other factor, their average wages differ in some way. But this sort of comparison doesn’t tell us much. If we use statistical methods that account for multiple characteristics, wage differences for most factors disappear.

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Growth follows safety

Greg Andrews’ [April 14] column “Kokomo, like Indy, trying to sway suburbanites to move in” mentions mayors of Kokomo and Indianapolis wanting to convince north side suburbanites to move to their respective cities to increase their tax bases. Both mayors stressed the need to make their communities more desirable as places to live, not just work.

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In BriefBack to Top

WRTV scores big in broadcast awards

The ABC affiliate has been on a roll since new owner E.W. Scripps began making desperately needed investments in news and other operations. Scripps bought WRTV and eight other McGraw Hill stations in 2011.

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Indianapolis lags in bike commuting

Indianapolis ranked 34th in bicycle commuting and 35th in walking to work, according to the Alliance for Biking and Walking’s 2014 Benchmarking Report, which collected and analyzed data from all 50 states and the 52 most-populous cities.

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Alcohol industry fights teen drinking

“We don’t serve teens” is underwritten by the Wine & Spirit Distributors of Indiana, Indiana Association of Beverage Retailers, Indiana Licensed Beverage Association, Indiana’s Budweiser Wholesalers and the Indiana Restaurant & Lodging Association.

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