AUG. 12-18, 2022
Eight years after the Ballard administration prepared to completely rebuild the streets on Monument Circle—work that never commenced—Mayor Joe Hogsett’s team is dusting off the plans and strategizing how to turn the project into reality. IBJ’s Mickey Shuey discusses the potential roadblocks. Also in this week’s issue, Daniel Bradley shines a light on the new Motor District Garage Condos, which you could describe as high-end man caves where car collectors can store and commune with their vehicles. And Susan Orr reports that banks in Indiana have begun bulking up their loan reserves as a precaution against a potential recession.
Front PageBack to Top
Device firm embroiled in lawsuit filed by investors
VoCare, which makes a handheld gadget called Vitals360 that allows physicians to monitor their patients’ vital signs remotely, is in the middle of a nasty fight with a group of five early investors.
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Auto enthusiasts pay $200K+ for customizable condos for their cars
The desire to connect with people who are passionate about anything with wheels and a motor led entrepreneur Jay Farmer to open Motor District Garage Condos in Westfield.
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City eyes street rebuild on Monument Circle
Officials are working on finding the $60 million, which will likely include federal funding, to pay for it.
Read MoreBanks are beefing up their loan-loss reserves
Banks aren’t reporting signs of trouble in their loan portfolios, but, at the same time, many that were reducing their reserves last year are now building them back up.
Read MoreQ&A: St. Elmo bartender’s creation now found in stores
Candace Anastasio’s take on an old-fashioned became a signature drink at St. Elmo Steak House and now is the latest entry in its line of signature retail products.
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Mark Montieth: Ray Donaldson’s career at center was notable
He played 17 seasons, starting with the Baltimore Colts in 1980 and ending with the Dallas Cowboys in 1996.
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Mayor’s $1.4B proposed budget includes property tax credits for homeowners
Indianapolis Mayor Joe Hogsett introduced his 2023 city budget to the City-County Council on Monday evening, highlighting priorities of property tax relief, violence reduction, infrastructure improvements and education.
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Developers propose $35M luxury condo project in downtown Fishers
The Rev would include 36 condominiums ranging from $600,000 to $1 million, 23,000-square-feet of commercial and office space, and a parking garage.
Read MoreCentral Indiana fair-housing group reaches settlement in senior-living lawsuit
The Fair Housing Center of Central Indiana and 11 partners in other states have reached a settlement agreement with a New York-based operator of senior-living apartments, including several in the Indianapolis area.
Read MoreNewest High Alpha company helps brands collaborate
Colaboratory offers a platform that helps brands identify potential partners and collaborate with them. The company, which has been operating in stealth mode since January, has now publicly launched.
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WIBC-FM reporter Berman, 7 other Emmis employees lose jobs prior to sale of radio stations
Emmis Corp. on Wednesday said it dismissed eight employees in advance of a sale of the company’s Indianapolis radio stations to Urban One.
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American Senior Communities agrees to pay $5.6M to settle false claims allegations
American Senior Communities, the largest nursing home company in Indiana, has agreed to the settlement to resolve allegations that it violated federal laws by submitting false claims to the Medicare program.
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Indy firm uses midcontinental advantages to build underwater photo gear
Compared to coastal competitors, Ikelite Underwater Systems enjoys the affordability and the manufacturing concentration in Indiana.
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Editorial: Impact of abortion ban demands review
Indiana ended up with a rushed law that seemed to please few.
Read MoreLesley Weidenbener: Seeking high-impact HR programs, people
IBJ’s newest awards program is less about recognizing individual people and more about highlighting organizations that have found ways to support their people.
Read MoreMelissa Proffitt: Let’s feel inspired in a way that can’t be quieted
Collaboration is critical to the creation of thriving communities, and Indianapolis is a leader in this regard.
Read MoreWhitley Yates: Congresswoman Walorski leaves a legacy of leadership
Jackie Walorski was not motivated by the need to create such a legacy, but by the desire to impact others for the better.
Read MoreTiffany Sauder: What I’ve learned in leading through crisis
I was 29 when I went through my first work crisis.
Read MoreMickey Kim: History suggests post-midterm election bounce for stocks
Historically, stock prices have been: 1. weaker in MTEYs (median annualized return of 3.1% for the Dow Jones industrial average going back to 1900) than in years one (12.7%), three (14.8%) or four (7.4%) of a presidential cycle, but, 2. stronger in the months immediately following the election itself.
Read MoreCecil Bohanon and John Horowitz: No corporation is going to pay new tax
Last week, the Senate passed a bill imposing a minimum alternative corporate income tax.
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La Margarita co-owner plans Mass Ave spot for private dining
Proper is planned as a private dining concept and variety shop in the former location of Mimosa & a Masterpiece.
Read MoreMarathon Health cuts 94 jobs in restructuring
The cuts amount to about 6% of Marathon Health’s workforce and were largely to non-clinical positions, said Ben Evans, co-founder and chief growth and strategy officer.
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Ex-IUPUI chancellor Paydar confirmed for education department job
Nasser Paydar, who was nominated to the post by President Joe Biden, will work under U.S. Secretary of Education Miguel Cardona.
Read MoreIndianapolis-based Trava Security lands $4.5M in venture funding
This is the second major funding round for Trava, which was launched by High Alpha in 2020. The company offers cybersecurity risk management and insurance for small and medium-sized companies.
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Keith Gambill: Economy, quality of life hinge on addressing shortage
Educators simply are no longer willing to work without professional pay and appropriate working conditions.
Read MoreRep. Bob Behning: State is making strides in attracting teachers
The role of teachers in this building block is indelible. They help shape generations of children to become good citizens and the leaders of tomorrow.
Read MoreClaire Fiddian-Green: We can rethink training, recruiting, deploying teachers
Schools must be more intentional about recruiting from alternative teacher pipeline models.
Read MoreDeborah Daniels: We need more leaders with courage
[Cheney] has stood for honesty, integrity and the rule of law—and for the U.S. Constitution.
Read MoreBrad Rateike: This man taught me what it means to be a leader
Gene taught me that having your name on the building or stationery does not mean you need to have the corner office.
Read MorePierre Atlas: Zawahiri killing a victory for U.S. counterterrorism
It will be with no regrets that, from now on, I will refer to him in the past tense.
Read MoreCurt Smith: Terrorism has enormous economic impact
The 9/11 attacks that Ayman al-Zawahiri helped mastermind alone cost the American economy $100 billion in direct and indirect costs.
Read MoreJim Shella: Freedom prevails even if Trump doesn’t get it
I have no expectation that Trump will learn and grow and come to the conclusion that he was in the wrong.
Read MoreBrian Schutt: Truly personal relationships reduce polarization
Many social media relationships are one-sided and consumptive, and lead to tribalism.
Read MoreShariq Siddiqui: U.S. Muslims offer lessons in tolerance, giving
Muslims give to a wide variety of faith-based and non-faith-based organizations and causes that reflect the diversity of the Muslim community in the United States.
Read MoreJennifer Wagner Chartier: These women are simply better-qualified candidates
It’s worth noting that both parties have done laudable work training up female candidates.
Read MoreAbdul-Hakim Shabazz: Mears vs. Carrasco is complicated by undecided voters
Only a tiny percentage of Marion County residents blame Mears for the perceived rise in crime.
Read MoreDana Black: Republicans invite scrutiny with hypocritical positions
It is undeniable Indiana Republicans are willing to go to the ledge to fight for religious freedom.
Read MoreKaren Celestino-Horseman: Indiana’s abortion fight is far from over
The question remains whether the Indiana Constitution promises a right to privacy and if so, whether that right includes deciding to terminate a pregnancy.
Read MoreRep. Ed DeLaney: Young women answer the call
It has been a full century since women were permitted to vote. But they are woefully underrepresented in the halls of power.
Read MoreDr. Richard Feldman: Cases are on the rise, and an update vaccine is needed
At this point, we can’t expect unvaccinated Americans to ever roll up their sleeve. They’ve made their decision.
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