NOV. 28-DEC. 4, 2025
In the 20 years since construction started on Lucas Oil Stadium, every mayoral administration has explored taking over or facilitating the sale of the downtown post office directly to the stadium’s east—with each attempt failing to gain traction. Mickey Shuey reports that Mayor Joe Hogsett’s administration are considering another run at the 16-acre site. Also in this week issue, Susan Orr explores First Internet Bank's role as opne of the nation's largest small-business lenders. And Dan Lee gets a handle on how much power IU Health's $4.3 billion downtown hospital (still under construction) will consume.
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ReElement Technologies aims to close mineral recycling gap
The company uses technology developed and patented by Purdue University to refine and purify rare earth metals and permanent magnets
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First Internet Bank finds small business is big business
With $5.6 billion in assets, Fishers-based First Internet Bank might best be described as modest in size. But in the world of small business lending, it’s among the nation’s powerhouses.
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Q&A with Cory Lewis, whose emphasis on collaboration has driven INCOG’s rapid growth
Lewis sat down with IBJ to talk about his leadership style and the role of cycling in his life.
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Downtown post office property once again stirs what-ifs
For 20 years, every mayoral administration has explored taking over or facilitating the sale of the post office directly east of Lucas Oil Stadium—with each attempt failing to gain traction.
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Pastry chef Cindy Hawkins finally captures title of ‘dessert world champion’
After placing in the Top 10 at four previous editions of the World Food Championships competition for chefs, Cindy Hawkins didn’t have to settle for “nearly victorious” status in 2025.
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Derek Schultz: Pacers season in free fall
We knew the 2025-2026 campaign wouldn’t be a continuation of 2024-2025 after Tyrese Haliburton crumpled to the floor last June in Oklahoma City.
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Punch Bowl Social faces eviction amid unpaid-rent lawsuit by Circle Centre owner
Hendricks Commercial Properties is asking the court to permit it to move forward with evicting Punch Bowl from its space and to collect unpaid rent, late charges, attorney fees, interest and other legal expenses.
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Encompass Health to build rehabilitation hospital in Fishers
The facility will be the third in Indiana for Encompass Health Corp., the nation’s largest owner and operator of inpatient rehabilitation hospitals.
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Amazon data center tally tops 900 amid AI frenzy, documents show
Amazon’s cloud unit produced $33 billion in revenue in the third quarter and remains the company’s most-profitable division.
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Republic Airways goes public again with acquisition of Arizona-based Mesa Air Group
The Carmel-based regional airliner had been a publicly traded company until April 2017, when it emerged from Chapter 11 bankruptcy as a privately held company.
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Owner of downtown’s Landmark Center office tower facing foreclosure
The tower is the city’s 10th-largest downtown office complex, according to IBJ research. Its two largest tenants are IU Health and Volunteers of America.
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IU Health prepares for huge increase in energy use with $4.3B hospital complex
The health care system’s plan to meet its energy needs includes working closely with its electricity provider, AES Indiana, building additional backup power systems and operating its own natural gas utility plant for heating and cooling.
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Editorial: Drop in tobacco use statewide signals tax hike is having an effect
The Indiana Department of Health also reported that enrollment in its smoking cessation program jumped nearly 40% over the same period.
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Nate Feltman: Events reflect IBJ Media’s expanding role as civic convenor
Join us at one of our three remaining events. We will celebrate CEOs and C-Suite leadership on Tuesday and conduct the Corporate Counsel Power Breakfast on Dec. 9.
Read MoreAnne Hazlett and Marvin Richardson: Employers need to invest in workers’ mental health
As co-chairs of the Indiana Mental Health Roundtable, we recently hosted a summit of business, government, health care and nonprofit leaders to discuss and collaborate on the “Business of Mental Health.”
Read MoreRalph Durrett Jr.: Fostering culture, comprehension and human connection
Too many well-intentioned programs have unintentionally disempowered the very communities they aim to help. Instead of cultivating capacity, America has built systems that create dependency.
Read MoreMickey Kim: Buffett’s letter on earning true riches an instant Thanksgiving classic
Thankfulness doesn’t ignore hardship; it helps us see what’s still good and builds the resilience to keep going.
Read MoreIlya Rekhter: AI is fueling the rise of solopreneur success
Could a single person build the next billion-dollar company with AI as their co-founder?
Read MoreCecil Bohanon and John Horowitz: Holiday reminds us that gratitude is a dish best served voluntarily
Gratitude is “low-hanging fruit” for health, for, as the study’s author says, “Anyone can recognize what’s around them and express thanks to others.”
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UPDATE: Indianapolis Star to relocate downtown office
The newspaper’s offices have been located in Circle Centre Mall since late 2014, when it spent $10 million to overhaul the former Nordstrom store space.
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‘Amazing Indiana Music Stories’ captured in longform video series
The Indiana Music History Project is rolling out an online collection of 50 video interviews with prominent Hoosiers.
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Baker Hill opens California office, plans to upgrade Carmel HQ
The Carmel-based fintech company says the Santa Barbara office—the first of several planned over the coming years—allows customers to conveniently connect for training sessions or collaborative work.
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Stephen Cox to leave top spot at Indiana Broadband Office
Cox, who has overseen the Indiana Broadband Office’s growth from two employees to 16 over the last two years, is departing this week.
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