Indianapolis Business Journal

MAY 4-10, 2015

The $1 billion plan to revamp and recast Methodist Hospital also will have a seismic effect on the surrounding area in downtown's Near North neighborhood. Scott Olson gets a handle on the scope of the projects and what to expect from the next steps. Also in this week’s issue, IBJ details the Midwestern expansion plans of the homegrown Yats chain. And in Focus, we look at how office space is changing to fit the tastes of millenials.

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$1B Methodist plan could spur neighborhood rebirth

The area surrounding Methodist Hospital at Capitol Avenue and West 16th Street could be ripe for much-needed redevelopment following Indiana University Health’s announcement that it will spend $1 billion to expand the campus.

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Top StoriesBack to Top

FocusBack to Top

OpinionBack to Top

EDITORIAL: Let citizens opine on TIF spending

The city of Indianapolis needs to craft a thoughtful strategy for how to spend millions of dollars in anticipated surplus downtown TIF funds over the next three years, and that strategy should include input from stakeholders outside the mayor’s circle.

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SINK: Let us have our say on digital billboards

Does Indianapolis want the ban on digital billboards to be lifted? It’s hard to tell, since the public has been kept in the dark as billboard companies have been working behind the scenes to win support from city-county councilors for years.

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KENNEDY: Monied megaphones drown debate

In the wake of a precipitous decline in his approval ratings, and the subsequent resignation of his communications director, Gov. Pence has reportedly asked the person who served that function on his congressional staff to leave his position with Koch Industries and come to Indiana to help him recover.

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FEIGENBAUM: Lawmakers found compromises on big decisions

Even with the surreal week following gubernatorial signing of the Religious Freedom Restoration Act and enactment of its antidote, legislators managed to plow through their agenda—while even managing to quietly consider new language arising from the ether in the final days.

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BOHANON & STYRING: Upshots of Europe’s surreal negative rates

“Negative real interest rates are impossible.” That’s econ-speak for the simple idea that you have to be nuts to pay someone to borrow money from you. Styring would have to be smoking a controlled substance to lend Bohanon $100 on his promise to pay back $99.75 a year from now. He’s better off just stashing […]

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Change the tax codes

In the [April 13] editorial “Time to tax services,” IBJ would reduce the state’s sales tax from 7 percent on tangibles—products imported from communist China, Vietnam and North Korea as well as Mexico and India.

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In BriefBack to Top

Franciscan names new CEO for Indy hospitals

Dr. James Callaghan will replace Bob Brody as CEO of Franciscan’s three hospitals in Carmel, Indianapolis and Mooresville. Brody will oversee all ambulatory centers and physician offices in the entire Franciscan health system.

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Three brothers plead guilty to massive biofuels scam

Chad and Craig Ducey of Fishers and Chris Ducey of North Webster have pleaded guilty to participating in a biofuels scam that federal investigators are calling “one of the largest tax and securities fraud schemes in Indiana history.”

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Not-for-profit leader faces child pornography charges

Russell Taylor, 43, is the executive director of the Jared Foundation, a group that aims to raise awareness and funds to support childhood obesity programs. The foundation was started by Jared Fogle, the longtime promoter of Subway restaurants.

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