OCT. 25-31, 2019
In this week's issue, John Russell takes a close look at the 15 percent rate increase that Duke Energy Indiana has proposed for its customers. There’s been a lot of pushback from those who have tried to analyze the rationale for the rate hike from information Duke submitted to the state, and many have accused the utility of making it difficult to critique the financial case. Anthony Schoettle explores how universities in Indiana are playing matchmaker between angel investors and startups with ties to their schools. And Susan Orr details a lawsuit filed by J.P. Morgan Securities against one of its former Indianapolis financial advisers, alleging that he has been improperly soliciting clients to follow him to a new job with another investment firm.
Front PageBack to Top
Duke Energy facing rate-hike pushback
Key parties in the case have asked state regulators to order Duke to refile all its work papers and exhibits, with formulas and linked spreadsheets.
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J.P. Morgan sues ex-broker after client exodus to his new firm
The brokerage alleges that Erik Weiss, since leaving for a job with Raymond James & Associates last month, has been improperly soliciting clients to follow him.
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Colleges find big benefits in connecting investors with startups
Colleges nationwide are launching angel networks that connect business executives and investors with entrepreneurs and startups with ties to the school.
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2019 Carroll Award winner: Mark Miles’ eclectic career has centered on big events
Ask Miles about his wide-ranging resume, and he compares it to Forrest Gump’s.
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Freshly made food is big. What could go wrong? Everything.
Grocery distributor SpartanNash is shutting down Fresh Kitchen, a prepared-meals division of Indianapolis-based Caito Foods Service that once held great promise.
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Employers say they’re up for challenge of hiring seasonal help
With the unemployment rate at 3.2% and competition growing as multiple companies ramp up hiring, finding seasonal employees will be tough.
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Carmel Council urges lawmakers, FCC to limit 5G technology deployment
The resolution follows several weeks of discussion among Carmel officials and residents, who have expressed concerns about the health and safety implications of 5G technology.
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Four local development projects picked to receive $35M in incentive funds
Indianapolis Mayor Joe Hogsett said Tuesday that the city intends to use New Markets Tax Credits from the U.S. Department of the Treasury to support development projects involving the Madam Walker Legacy Center, the Wheeler Mission Center for Women and Children and two other groups.
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Developer of firehouse project in Butler-Tarkington eyeing start by year’s end
Third Street Ventures has received permits for nonstructural interior demolition of the former fire station near 56th and Illinois streets, but it hasn’t yet firmed up the building’s commercial use.
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ISO’s Leppard dies at 92
In his tenure as music director from 1987 to 2001, Raymond Leppard led the Indianapolis Symphony Orchestra on international tours and focused on producing recordings and radio broadcasts.
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IHPC members pan design of proposed 22-story addition to Morrison Opera Place
Members of the Indianapolis Historic Preservation Commission on Thursday said they would be hesitant to support the design for the proposed $60 million, addition. One even called it a “brutal proposal.”
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Carmel-based builder that launched during recession just keeps growing
Old Town’s sister companies are continuing to develop projects in Carmel, working on a large mixed-use development that will help transform downtown Westfield, and expanding their reach into West Lafayette, where the company is part of a $1 billion project being constructed next to Purdue University’s campus.
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Downtown condo features great views, fresh renovation
Jeff and Anna Tegethoff spent 16 months renovating a condo at 429 N. Pennsylvania St. into what he calls an “urban oasis.” But six months after moving in, they’re putting the house on the market.
Read MoreResidential Real Estate: Marketplace Stats for October 25, 2019
Inventory remains low. As of Sept. 1, the region had just two months of supply—10% less than at this time last year—meaning it would take just two months to sell out the current inventory of houses if no more came on the market.
Read MoreIndianapolis-area home builders seeing late-year surge in demand
Applications for home construction in the nine-county area have risen three months in a row following seven straight months of declines.
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Editorial: Investment hub idea is a good step toward goal of regional cooperation
State legislators should be receptive. It’s a reasonable follow-up to the 2015 Regional Cities Initiative, which split $126 million in tax amnesty funds among three regions.
Read MoreNate Feltman: Fadness’ bold approach necessary for our future
There is a political leader answering the call for a bold vision. He isn’t running for mayor of Indianapolis. But he is advocating for transformational change for central Indiana and beyond. And he is taking his ideas to the Statehouse. He is Fishers Mayor Scott Fadness.
Read MoreShawn Dubravac: Manufacturers need Congress to act on trade pact
Failing to move forward on USMCA and breaking down decades of North American trade relationships would spell chaos for manufacturers, suppliers, employees on both sides of the border and especially small businesses.
Read MoreDr. David Blank & Dr. Richard Feldman: A liberal and conservative find common ground on guns
Individual rights have never been absolute. We believe there can be a balance between the common good and preserving individual rights. Bipartisan solutions are possible.
Read MoreSamantha Julka: In office spaces, loud is the new quiet
Loud doesn’t always mean what we think it means, and it’s definitely not always the enemy.
Read MoreHAHN: Take steps now to prevent having a scary retirement
The estimated median household savings of retirees is $75,000. About 9% do not have any savings, 31% have savings of less than $50,000, and only 38% have savings of $100,000 or more.
Read MoreBOHANON & CUROTT: Voters’ rational ignorance holds peril for all of us
In a national election, the odds of any one individual’s vote changing the outcome is close to nil.
Read MoreLetter: Private insurance is for profit-taking
Medicare for All is not socialized medicine. It’s government health insurance that provides access to the private health care delivery system.
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Council committee approves TIF designation for Twin Aire site
A City-County Council Committee on Monday recommended approval of a new tax-increment financing district for the Twin Aire neighborhood, which could lead to development opportunities in an area that will soon be home to the city’s new criminal justice complex.
Read MoreIndiana audit: Three ex-school administrators were overpaid $650K
The audit determined that Greenfield-Central Schools’ former business manager, former assistant superintendent and former associate superintendent were each significantly overpaid between 2010 and 2018.
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Pacers give Sabonis 4-year deal to keep core group together
The Pacers did not announce financial terms of the deal though ESPN.com first reported it was worth $77 million in guaranteed money and Sabonis could make as much as $85 million with bonuses.
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Gary Brackett: Student-athletes are caught in corrupt system
If the NCAA will not pay athletes, they at least deserve the opportunity to earn income from business opportunities they can generate on their own.
Read MoreDave Moroknek: NCAA must be group to set rules for endorsements
The inconsistency of all the potentially competing laws will create chaos and open the door to abuse by self-interested parties and “boosters.”
Read MoreJohn McDonald: Let’s change our frame of mind about college degrees
A college degree never was and still isn’t required to be a technologist.
Read MoreEd DeLaney: Time to check on the turkey
School districts do not have enough money to support our teachers.
Read MoreUna Osili: U.S. should focus more resources on maternal health
The hard truth is that more American women—of all races—are dying of pregnancy-related complications than in any other developed country.
Read MoreClaire Fiddian-Green: Don’t forget about the significant dangers of cigarettes
Years of data from across the United States show that, when the price of nicotine-containing products increases, consumption decreases.
Read MoreLeah McGrath: Indiana must revamp system for most vulnerable
The heartache and stress caused by an unstable system for loved ones and for the individuals with disabilities is truly heartbreaking.
Read MoreGary Varvel: Barr speech calls out America’s ‘militant secularization’
Excluding religious principles from the public square is exactly the goal of the secularists.
Read MoreKaren Celestino-Horseman: Why I’ve changed my mind about impeachment
Trump’s actions grow more and more outrageous because he has never faced serious consequences for them.
Read MoreSteve Sanders: In the marketplace of ideas, does truth really prevail?
Trump is getting a liar’s dividend by inventing stories about Biden that are repeated by his propagandists.
Read MoreBrad Rateike: Lesson in politics—always tip your server
Under normal circumstances, a mistake like that doesn’t have a big blast radius, but this is campaign season.
Read MoreDana Black: Consider Merritt’s record—not promises—as you vote
He would like for us to forget the votes he has taken … . Sorry, senator; that just isn’t possible.
Read MoreDeborah Hearn Smith: Look past the diversions and distractions and vote
I am not suggesting we all agree on the issues or solutions; however, we all have a chance to get off the sidelines.
Read MoreAdrianne Slash: Indy needs inclusive vision with participation from all
I’m proud of this city, love this city, am concerned for this city, and am optimistic for all of the things this city can become.
Read MoreExploreBack to Top
MIKE LOPRESTI: Men from golden age of IPS hoops are all on the same team now
They were fierce competitors on the court, but now they’re coming together to remember a bygone era.
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