Indianapolis Business Journal

MARCH 17-23, 2014

In this week's issue, Chris O'Malley provides a rare window into a fight between Toyota dealers in the Indianapolis area. Ed Martin Toyota has been given the green light to move from Anderson to Fishers, which has set horns blaring at nearby Butler Toyota (as well as at two other Indy dealers). Also, Greg Andrews examines the decline of Washington Square Mall, an unusual dud in the Simon Property Group portfolio. And in A&E, Lou Harry pays a visit to Rockstone Pizzeria & Pub in Fishers, which lives up to its name.

Front PageBack to Top

Toyota dealers trying to stop Ed Martin’s relocation

Butler Auto Group has been selling Toyotas in Indianapolis since 1966. Ed Martin Auto Group has been selling Toyotas in Anderson since the 1980s. So when Toyota Motor Sales USA recently allowed Martin to move its dealership 20 miles west, to Noblesville, Rob Butler started seeing red.

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Top StoriesBack to Top

Timing looks right for Biomet IPO

After private equity firms paid $11.4 billion for Biomet Inc. just months before the onset of a prolonged downturn, they are now trying to take the company public when U.S. consumer sentiment is on the upswing.

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FocusBack to Top

OpinionBack to Top

RUSTHOVEN: Donnelly wisely bucks his president

On March 5, Joe Donnelly joined six other Senate Democrats and all Republicans, including Dan Coats, in rejecting President Obama’s nomination of Debo Adegbile to head the Justice Department’s Civil Rights Division. Hoosier senators did the right thing.

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GUY: Don’t run education like a business

Disagreements about education reform result from conflicting models: the business model and the social model. Governors such as Daniels and Pence, reflecting their backgrounds and support structures, tend toward the business model. Superintendent Ritz, with almost 35 years as a teacher/communications coordinator in elementary schools, is more aligned with the social model.

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Think twice before deregulating utilities

For decades, our state has enjoyed low, stable electricity prices due in large measure to using Indiana’s abundant natural resource—coal. However, federal environmental mandates have eroded that advantage as our electric utilities have had to make expensive investments to comply with stricter rules.

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In BriefBack to Top

Former Bloomington official charged in scheme

The U.S. attorney's office in Indianapolis said Wednesday that 43-year-old Justin Wykoff faces 24 counts of embezzlement for allegedly approving fraudulent invoices, often for concrete work that was never done.

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Noble of Indiana buffs up image

Noble of Indiana has launched a rebranding initiative, signaling a renewed emphasis on the not-for-profit’s mission to support individuals with developmental disabilities.

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Rokita takes on FAA medical rule

General aviation pilots abhor the Federal Aviation Authority’s third-class medical certificate, which requires them to get a physical from an FAA-approved doctor every two years, but the industry has yet to take down that bureaucratic hurdle.

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PROXY CORNER: Lakeland Financial Corp.

Warsaw-based Lakeland Financial Corp. is a holding company for Lake City Bank, which has about $3.2 billion in assets. Lakeland has a regional headquarters at 96th and Meridian streets in Indianapolis.

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