Indianapolis Business Journal

MARCH 24-30, 2014

Jim Irsay's arrest and revelations about his health have expedited questions about succession planning for the Indianapolis Colts. IBJ's Anthony Schoettle explores the financial implications of keeping the team in the family. Andrea Davis takes the long view of Westfield's massive investment in Grand Park. And in A&E, sports columnist Mike Lopresti gets the inside scoop on the Milan Miracle on its 60th anniversary from Bobby Plump and Ray Craft, who recreate the winning shot on IBJ video.

Front PageBack to Top

Irsay arrest spurs talk of Colts succession plan

Indianapolis Colts owner Jim Irsay gave a clear signal in 2012 about his long-term succession plan by naming his three daughters vice chairwomen and co-owners. His March 16 arrest might hasten the launch of that plan, or at the very least give Colts fans a glimpse of what it will look like.

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Bold developer stirs up nursing-home business

Zeke Turner, the 36-year-old CEO of Mainstreet Property Group LLC—who frequently sports a boyish grin and a bold-colored dress shirt, but rarely dons a tie—said he’s “just getting started” in transforming the staid nursing home industry.

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OpinionBack to Top

FEIGENBAUM: Big agenda awaits 2015 General Assembly

Sometimes a cigar is just a cigar. The fact that snow stopped falling, temperatures started climbing, and tulips tentatively inched up from the frozen Hoosier tundra just as lawmakers left town actually has no direct connection to the end of the 2014 legislative session.

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EDITORIAL: Legislative session created foothold for transit

Years of foot-dragging by Indiana legislators has put the Indianapolis region way behind its peers in developing an effective mass transit system. And the transit funding bill that lawmakers finally approved this year contains some maddening conditions. But make no mistake, passage of the bill is a major milestone in a long, difficult fight.

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MORRIS: Jim Irsay deserves our support

I don’t know Jim Irsay personally, but I feel like I know him. I’d like to know him better. I’ve been thinking a lot about Jim and his situation the last few days. I keep wondering if there’s something I can do to help, and for now this column is my best effort in that regard.

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MURTLOW: Business rallied for kids at Statehouse

Education. Work-force development. Quality child care. The war on poverty. Crime. Economics. These are all familiar words and phrases used readily by policymakers, business leaders and child advocates. But rarely have the concepts been more tightly intertwined into good state policy than they were during this session of the General Assembly.

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Rethink agriculture

I appreciate the recognition that there are alternatives to industrialized agriculture [March 17 editorial], but I encourage IBJ not to fall into the trap of “feeding the world.

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Locals focus on real jobs

As a site consultant for over eight years, I worked for those “footloose businesses that could locate anywhere” Michael Hicks talks about in his [March 17] column “Focus on real job creation.” We helped these companies choose the best states and communities for their expansion projects.

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Miller failed Brownsburg

I am writing to express my disappointment with state Sen. Pete Miller’s sponsorship and shepherding of Senate Bill 118 through the legislative process. The bill guts the tax increment finance district Brownsburg relies heavily on to fund current and future infrastructure.

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Irsay’s behavior is personal

I agree that one should hold owners, co-founders and CEOs to higher standards, but Jim Irsay’s driving while intoxicated charge is personal, not business, meaning the Colts should not be penalized by the NFL one iota.

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In BriefBack to Top

Trustee takes over Deca Financial Services

Fishers-based bill-collection firm Deca Financial Services LLC missed a March 17 deadline to come up with more than $11 million to avoid involuntary Chapter 11 reorganization sought by its creditors.

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