Indianapolis Business Journal

Across Indiana, the number of patients hospitalized with COVID-19 has been swelling like a flooding river, threatening to swamp stressed-out staffs and raising alarms about the capacity of local health care systems. John Russell examines how hospitals are handling the COVID-19 surge as it threatens to become an onslaught. Also in this week’s issue, we take a deep dive into Hamilton County, which remained a Republican stronghold in an election many experts believed would show a tilt to the left and produce wins for Democrats. Lindsey Erdody reports that President Trump and a combination of developments specific to 2020 blocked any chances of a blue wave. And Susan Orr forecasts a chilly reception for IndyGo when it reports to the Indiana Legislature on its underwhelming efforts to raise private money to help fund a major expansion of the transit system.

Passenger traffic at Indianapolis International Airport is expected to be 45% lower in 2020 than last year, but airport leaders say they are confident they can keep the organization’s finances stable. Samm Quinn examines its flight plan through turbulent skies over the next several years. Also in this week’s issue, Mickey Shuey reveals which Indianapolis hotels are under the most pressure from lenders as they stare down massive debt payments over the next few years. And Susan Orr takes a closer look at how consumers are avoiding taking out new loans and instead beefing up their savings, leading to enormous growth in bank deposits.

Gov. Eric Holcomb has said repeatedly that he’d be willing to reverse course on the state’s reopening plan if the data indicated that the pandemic was worsening. Lindsey Erdody explores why Holcomb hasn’t taken a step back now that confirmed cases, hospitalizations, deaths and positivity rates have surged. And John Russell reveals how much fine-grained and site-specific data the state collects on the spread of COVID-19 that it declines to share with the public. Also in this week’s issue, IPS Superintendent Aleesia Johnson discusses the reopening of the state’s largest public school system and what administrators have learned so far.

As the world holds its breath while drugmakers rush vaccine candidates for COVID-19 through development, an Indiana-based startup is planning to launch a $60 million drug-manufacturing plant in Fishers that can help pharmaceutical companies get new products to market faster. Kurt Christian explains how INCog is planning to seize on the new urgency for developing and manufacturing drugs much more quickly than in the past. Also in this week’s issue, Lindsey Erdody identifies the top campaign donors for Indiana’s three gubernatorial candidates. And IBJ honors the winner of this year’s Michael A. Carroll Award: Teresa Lubbers, former state senator and the long-time commissioner of the Indiana Commission for Higher Education.

In this week's issue, political reporter Lindsey Erdody digs into tight Indiana General Assembly races in the northern suburbs, an area where many GOP candidates in past years have enjoyed comfortable victories. The issue also features a story by Susan Orr on the Indy Racial Equity Pledge that nine central Indiana employers have taken, and a story by Mickey Shuey on tensions over the proliferation of 5G poles in Indianapolis neighborhoods.

Gov. Eric Holcomb has made a lot of promises to Hoosiers since unexpectedly becoming his party’s nom- inee for governor in 2016 after then-Gov. Mike Pence ended his campaign so he could become the vice presidential candidate for Donald Trump. An analysis by IBJ’s Lindsey Erdody finds that Holcomb has accomplished or at least made progress on most of them. Also in this week’s issue, John Russell examines what the latest computer models are indicating about the death toll in Indiana from COVID-19. And Mickey Shuey examines how the owner of the Indiana Convention Center and Indianapolis’ major sports venues is planning for an extremely lean 2021 with revenue reduced by a third.

While much of Indiana’s hospitality sector has struggled during the pandemic, another pillar of the state’s economy has been able to remain on its feet. Designated as essential businesses, most manufacturers have been able to remain in operation throughout the pandemic. Susan Orr explains why some local companies say the industry already was in a good position to handle the crisis. Also in this week’s issue, John Russell explores why the long-simmering dispute between Eli Lilly and Co. and safety-net hospitals across the nation over the price of prescription drugs has reached a boiling point. And Samm Quinn brings us up to date on the celebrations for Indianapolis’ bicentennial, which are under way with plenty of opportunities for residents to safely engage.

In this week's issue of IBJ, Mickey Shuey reports that local officials led by the Indiana Sports Corp. are betting big on the city's continued success as a sports city by submitting dozens of bids to host championship level sports events. Greg Andrews explores the major steps that Muncie-based First Merchants Bank is taking to settle investigations that it engaged in redlining majority-Black Indianapolis census tracts. And Lindsey Erdody features in-depth discussions with Republican Todd Rokita and Democrat Jonathan Weinzapfel, the major party contenders for Indiana’s attorney general.

The basement of the Indianapolis Motor Speedway Museum is jam-packed with hundreds of vehicles—some in pristine condition—that never go on display. Mickey Shuey reports that as the facility looks to upgrade its collection, dozens of those cars are going on the auction block. Also in this week’s issue, Susan Orr takes stock of the forces expected to batter small businesses this fall, likely leading to a devastating shakeout. And Greg Andrews examines how enigmatic Simon Property Group CEO David Simon is handling the sudden deluge of national interest in his firm’s high-profile purchases of bankrupt retailers, such as Brooks Brothers and J.C. Penney.

Farm Bureau Insurance is a big, established company, not the kind of firm often associated with innovation. But company officials have made instilling an innovation culture a high priority, which helps explain why the company just rolled out a startup and plans to launch others. Anthony Schoettle examines the strategy. Also this week, Susan Orr highlights some of the works of art that have sprung up around Indianapolis as part of Art & Seek, a program of Keep Indianapolis Beautiful and the Arts Council of Indianapolis. In addition, Lindsey Erdody examines real estate purchases and sales by Victoria Spartz, the GOP candidate in the 5th Congressional District, who is using profits from some of the deals to help fund her campaign.

When the $150 million Simon Cancer Center opened in 2008, it was hailed as a breakthrough facility that would have a lasting impact in the battle against cancer. IBJ's John Russell explains why, just 12 years later, IU Health officials are planning to abandon the 400,000-square-foot building and move its patient care and research operations elsewhere. Also in this week's issue, Samm Quinn explains why the city of Indianapolis is analyzing the makeup of city-county staff and whether the demographics match that of the overall city population. It appears city leaders have some work to do recruiting and retaining more minority employees—particularly Hispanic workers. And Mickey Shuey profiles architect Stephen Alexander, who has been a key figure in several projects to reinvigorate downtown south of the Mile Square.

Anthony Schoettle reports this week on the radio industry’s attempts at recovery after the pandemic gutted ratings and ad revenue in April and May. The numbers are getting better now that some folks are back to their regular commutes, but the pandemic’s timing couldn’t have been worse. Also in this week’s issue, Mickey Shuey examines the competing views of the wisdom behind expanding the Indiana Convention Center. And Kurt Christian explains how Noblesville officials are approaching planning for an 11-acre community gateway project south of downtown.

In this week's issue, Anthony Schoettle explains how some school districts are trying to make bus travel safer. Indianapolis-based tech firm Synovia Solutions began working this spring on a new platform that helps with contact tracing and hygiene verification on school buses. It has already signed on more than 250 districts. Meanwhile, John Russell explores why health insurers such as Indianapolis-based Anthem are reporting huge boosts in earnings in the second quarter. The windfalls are raising protests from doctors, hospitals and patients. And Samm Quinn details how the 350,000 immigrants in Indiana have become especially vulnerable to COVID-19—not just for health reason but also economic.

Indiana University Health’s plan to overhaul and expand its Methodist Hospital campus exacerbates a challenge already weighing on Marion County: huge swaths of land exempt from property taxes because they are owned by hospitals, educational institutions and other not-for-profits. John Russell examines the potential impact. Also in this week’s issue, Susan Orr sorts through the bushel of challenges suddenly facing downtown’s City Market, which have swept into the historic space with the speed of the pandemic. And Mickey Shuey explores the process of planning the $550 million redevelopment of Pan Am Plaza in a Q&A with Bill Browne, president of Ratio Architects.

In this week's issue, Samm Quinn explores how the pandemic has illuminated and magnified the challenges facing people experiencing homelessness in Indianapolis’ core. Susan Orr explains how a pandemic-related plunge in ridership and expected declines in tax revenue has led IndyGo to examine all of its operations for potential cost cuts. And Mickey Shuey details how dozens of Indianapolis-area bars, music venues and other performance spaces have banded together to fight for government assistance that they say is vital for them to survive.

Mickey Shuey takes a closer look at the hotel market downtown now that plans are firming up for the $550 million Pan Am Plaza project. The pandemic has had a paralyzing effect on several of the other projects in the pipeline, now that lending for hotel projects has dried up. Also in this issue, John Russell reports that some of the smaller hospitals across the state could be only months away from beginning the process of closing their doors. And Mike Lopresti has an on-the-ground report on the state of professional baseball, jumping from a college summer league game at the otherwise idle Victory Field in Indianapolis to a Reds game in Cincinnati played in a stadium without any fans.

This week, Lindsey Erdody explores how many not-for-profit groups that provide vital services for needy clients have been forced to cut back and modify their missions on the fly during the pandemic. Mickey Shuey digs into the co-dependent relationship between downtown’s restaurants and the city’s hard-hit convention and tourism business. We have an in-depth interview on the topic of downtown’s survival with Mayor Joe Hogsett. He was grilled by the IBJ editorial board about a variety of concerns, including the city’s response to rioting and looting last month and the potential that the loss of convention business could start a chain reaction that debilitates downtown. And be sure to check out IBJ's annual list of the 25 fastest-growing companies in the Indianapolis area.

Although the city’s $575 million criminal justice center project appears to be on track to meet goals for hiring minority contractors, advocates say the goals should be higher given the national focus on economic equity. Samm Quinn sheds light on the efforts to attract and support minority contractors. Also in this week’s issue, Kurt Christian reports that a developer has hit pause on an ambitious plan to add apartments, offices and a hotel to Carmel’s Clay Terrace shopping center. And Mickey Shuey sorts through the mess of debt left by retail developer Craig Johnson when he committed suicide in May.