Indianapolis Business Journal

Stephen Simon is expected to become majority owner of the Indiana Pacers after his father, longtime owner Herb Simon, passes away. But as a minority owner, Steve Simon already has become active in Indy’s entrepreneurial community and has followed his passions for civic engagement and philanthropy. IBJ’s Mickey Shuey has the story. Also in this week’s issue, Dave Lindquist has the story behind the transformation of the Christel DeHaan estate into a retail palace stocked with high-end home furnishings and featuring a restaurant, wine bar and design studio. And Susan Orr explains how Indiana colleges are using analytics to try to boost graduation rates.

How much money should hospital CEOs earn? In central Indiana, where high hospital prices and profits have come under the microscope, some consumer advocates are pointing to big executive pay packages and say the issue is ripe for review. John Russell has the story. Also in this week’s paper, Dave Lindquist has an accounting of the final set of grants from the Christel DeHaan Family Foundation, which is distributing its final $55 million. And Lesley Weidenbener reviews the distinguished career of former Purdue University President and Indiana Governor Mitch Daniels, this year’s recipient of IBJ’s Michael A. Carroll Award for impactful community service.

The Indianapolis Metropolitan Police Department is poised to invest $9 million in COVID-19 recovery funds into more video cameras and other surveillance technology. Taylor Wooten reports that some critics are raising privacy concerns while police say the tools are helpful amid their staffing shortage. Also in this week’s issue, Peter Blanchard explores Curtis Hill’s campaign for governor after the 2018 scandal that derailed his political career. Some political experts say conditions are conducive for a comeback by the former state attorney general. And Daniel Bradley reports on the rise of “build-to-rent” communities targeted for folks who want to rent single-family homes.

For four months, the southwestern quadrant of Monument Circle has been closed to traffic in favor of hosting a temporary park intended to make downtown more comfortable for residents, workers and visitors. But Taylor Wooten reports that nearby businesses are split on whether “Spark on the Circle” is a worth continuing. Also in this week’s issue, John Russell reports on the growing use of therapy dogs in hospitals around central Indiana to reduce patient stress and help in the healing process. And Daniel Bradley details plans for the $250 million Grand Universe Science & Space Experience Campus in Westfield.

One of the sticking points in the battle between the United Auto Workers and the Big Three automakers is the UAW’s demand that the wave of new electric vehicle battery plants fall under its contract and pay demands. Neither Ford nor Stellantis has agreed, putting two planned Stellantis and Samsug SDI plants in Kokomo squarely in the middle of the melee. Also in this week’s issue, Mickey Shuey outlines the differences between mayoral candidates Jefferson Shreve and Joe Hogsett on the use of incentives to spur downtown development. And Dave Lindquist explores the life cycle of public art and specifically how communities deal with the loss of murals.

Election Day is just weeks away, and incumbent Indianapolis Mayor Joe Hogsett and Republican Jefferson Shreve are making their last arguments to voters about why they should lead the city. IBJ's Taylor Wooten spent time with both to write stories about their proposals and goals for Indianapolis. Plus, Cummins Inc. started investing in hydrogen power four years ago with a lot of optimism but little uncertainty about whether those investments would pay off. Today, that hydrogen looks like an increasingly good bet. Also in this week's issue, Forefront and Indiana Lawyer's Diversity in Law publication.

Mayor Jim Brainard has had such a massive influence on the evolution of Carmel over his 27 years in office that the candidates now running to succeed him must figure out how to present their plans for a new era of leadership in ways that jibe with his legacy. Reporter Daniel Bradley has more. Also in this week’s issue, Mickey Shuey reports on efforts to craft a comprehensive redevelopment plan for Indiana Avenue. And Peter Blanchard examines concerns that Indiana still isn’t producing enough highly skilled workers to work in high-tech fields such as artificial intelligence, data visualization and cybersecurity.

The total eclipse that will be visible in central Indiana this April presents a huge opportunity for the area’s tourism industry. Susan Orr details how big cities and small towns are trying to take advantage. Also in this week’s issue, Peter Blanchard picks the brain of Vanessa Green Sinders, the first female president of the Indiana Chamber of Commerce in its 100-year history. And David Lindquist gets a read on the sudden reemergence of independent bookstores in Indianapolis.

The latest issue of IBJ is packed with stories on the new relevancy and accessibility of artificial intelligence, now that the technology has taken a transformative step. We have stories about AI’s potential impact on the Hoosier workforce, how artists and pharmaceutical developers are using the technology, how schools are preparing students for the future of AI, and how Indiana and other states are approaching potential regulation of AI.

Everybody loves vibrant neighborhoods and a good comeback story, but residents of the resurgent Riverside neighborhood are concerned about a corresponding rise in their property taxes. Taylor Wooten reports on a city pilot program that could grant them some grace. Also in this week’s issue, Mickey Shuey reports that Mayor Joe Hogsett’s administration has decided against redeveloping the City-County Building and instead will consolidate offices from around the city into the 28-story monolith. And Peter Blanchard examines the national bidding war for big manufacturing projects that pits Indiana against states across the country and drives up the cost of incentive packages.

As Mina Starsiak Hawk wraps up production of HGTV home-reno staple “Good Bones,” she’s airing her frustration with Indianapolis’ Department of Metropolitan Development and Department of Business and Neighborhood Services. Dave Lindquist details how Hawk’s company butted heads with city planners and how they’re responding. Also in this week’s issue, Megan Fernandez explains how the founder and CEO of medical-device-software firm Greenlight Guru has created a world-class training arena for youth basketball players in Indianapolis. And John Russell outlines how independent physicians in Indiana are teaming up to push back against regulatory and economic pressures.

NXG Youth Motorsports teaches children of color and from underprivileged backgrounds about the racing industry through karting and science. Mickey Shuey reports that the not-for-profit is on the verge of a major expansion with a new site and new programs. Also in this week’s issue, Susan Orr takes the temperature of the tech community to see if it’s recovering from the slowdown earlier in the year. And Taylor Wooten reports that Mayor Hogsett’s administration faces an uphill battle with its proposal to change the state road funding formula that now strgly favors rural areas.

Seventeen Indiana companies are helping NASA return astronauts to the moon—and to achieve even grander goals after that. Susan Orr spotlights the firms supporting the Artemis program. Also in this week’s issue, Taylor Wooten reports that central Indiana employers are increasingly relying on new hires with criminal records to fill open positions amid the nationwide worker shortage. And Mickey Shuey has the latest on the burgeoning North Mass district northeast of downtown, which is rehabilitating its reputation as a post-industrial eyesore.

A decade ago, Eli Lilly and Co. struggled to release new drugs and maintain investor interest. Today, the company is literally worth more than all of the gold in Fort Knox as its stock price continually posts new highs and analysts praise its pipeline of drugs. John Russell explores what this means for the company and Indianapolis. Also in this week’s issue, John Russell reports that one of the top researchers at Indiana University School of Medicine has been recruited away from the institution and taken more than two dozen faculty, postdoctoral associates and IU staffers with him. And Susan Orr highlights the fight against fake online consumer reviews and how the Federal Trade Commission wants to get involved.

A month after bar and restaurant owners in Broad Ripple moved their weekend closing times up to 1 a.m., they say they’ve seen a significant reduction in violence in the village. Taylor Wooten examines the effectiveness of the curfew and other measures that business owners and police tried in the wake of a triple homicide. Also in this week’s issue, Dave Lindquist takes a deep dive into Lucas Oil Stadium’s negotiations and preparations to host Taylor Swift’s record-breaking Eras Tour next year. And Daniel Bradley has the latest on the plan from Conner Prairie to expand west across the White River and into Carmel.

Central Indiana has no lack of coffee shops, but out-of-state java purveyors believe there’s an unmet appetite for caffeinated beverages in public spaces. Dave Lindquist reports on the latest wave of coffeeshop chains opening stores in the Indy area. Also in this week’s issue, Susan Orr goes behind the scenes of the debut of Rally, a multimillion-dollar business conference intended to bring together entrepreneurs and investors. And Mickey Shuey sheds light on plans to turn the now-vacant John Marshall High School into a neighborhood services hub on the far-east side.

The town of Cicero is right on the shores of Morse Reservoir, but it might as well be 1,000 miles away. Daniel Bradley explains why the town must find underground sources of water if it wants to grow like its Hamilton County neighbors. Also in this week's issue, Taylor Wooten reports on a move by the Indianapolis City-County Council that could lead to the revitalization of the largely vacant Irvington Plaza shopping center. And Dave Lindquist profiles the in-demand videographer who’s responsible for much of what the rest of the nation sees of Indianapolis, via “Good Bones,” “Music in Transit” and documentaries.

This week's issue is packaged with IBJ Media's second annual Indiana 250. Plus, Mickey Shuey explains why the Imax Theatre at the Indiana State Museum is a special place to see the new movie "Oppenheimer" about the development of the atomic bomb. Taylor Wooten explores the city's new strategy for eliminating nuisance properties, and Sam Stall writes about how the Indiana Economic Development Corp. is trying to do more to help diverse small business owners.