Indianapolis Business Journal

DECEMBER 9-15, 2013

We know Herb Simon as a shopping mall magnate and owner of the Indiana Pacers, but he has additional interest (quite literally) in baseball. IBJ's Anthony Schoettle reveals that Simon is part of a consortium looking to raise $100 million to buy several minor-league franchises. It already has purchased a team in Bowling Green, Ky. In Focus, Scott Olson profiles developer Joe Whitsett, who is helping drive the herd of apartment projects headed for downtown. And in A&E, Lou Harry makes merry with the Phoenix Theatre's holiday show, "A Very Phoenix Xmas."

Front PageBack to Top

Suit slams ex-insiders of Bank of Indiana

Racketeering, fraud and “negligent oversight” are juicy ingredients in any lawsuit. But a recently filed complaint against Bank of Indiana may take the trophy in the otherwise sound-but-sleepy world of Indiana banking, not just for the nature of the allegations but that they’re aimed at the boardroom.

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Shares of Indiana retailers surge in 2013

Shares of The Finish Line Inc., HHGregg Inc. and Shoe Carnival Inc. have been on a tear this year, rebounding to outperform the major stock indexes and rising at least 40 percent in value through the first of December. By comparison, the S&P 500 has gained about 28 percent.

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Top StoriesBack to Top

Insurance bargain-hunters might miss out on subsidies

Hoosiers who sign up for “zero premium” health insurance in the new Obamacare exchanges might end up leaving thousands of dollars on the table. An estimated 250,000 uninsured Hoosiers could qualify for health insurance in the Obamacare exchanges that would cost them nothing—at least upfront.

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Final piece of city land-swap deal almost done

Indianapolis Fire Department Credit Union officials are set to sign off on a deal with the city to build a facility downtown near College Avenue. That would clear the way for a $43 million project on the credit union’s current Mass Ave site.

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Region registering impressive tech-job gains

Indianapolis’ and Carmel’s work forces were so lacking in high-tech jobs in 2001 that the void led to breakneck-speed hiring over the past 12 years as the cities caught up—faster than almost any other place in the United States.

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FocusBack to Top

Whitsett pivots to market-rate apartment projects

Next up is a renovation of the vacant Consolidated Building and a redevelopment of the Indianapolis Star headquarters property, both on North Pennsylvania Street. The projects will add 600 market-rate apartments to downtown.

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OpinionBack to Top

Words can skew policy

When I wrote for IBJ last year, the word causing me the most difficulty was “progressives,” which I used in order to ask, “Where are all the progressives?” meaning persons willing to advocate street repair and other basic investments to improve our lives.

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The pope and capitalism

American Catholics, including this convert, see much to admire in our new pope. But Catholic conservatives find it frustrating when church pronouncements on political and economic issues embrace leftist rhetoric and ignore reality.

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Hicks: Health reform among forces stifling economy

Over the next couple of weeks, I will be traveling to many of Indiana’s cities to explain my 2014 economic forecast. I will tell audiences that the national economy will perform poorly, and that we will not return to pre-recession employment numbers this year.

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In BriefBack to Top

Smulyan grooving to debt-reduction rhythm

Emmis Communications Corp. founder and CEO Jeff Smulyan recently told Billboard that getting a better grip on debt after the Great Recession “is probably the most gratifying thing of my career.”

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