2019 YEAR IN REVIEW: A month-by-month look at other big 2019 stories
2019 was a year of big changes—some good, some bad, but all interesting. Here’s a rundown of the biggest news of the year.
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2019 YEAR IN REVIEW: Lawmakers OK funding plan for arena updates, soccer stadium
The law, which passed with bipartisan support in April, created funding plans for most of a $360 million renovation of Bankers Life Fieldhouse and the construction of a $150 million soccer stadium for the Indy Eleven by diverting millions of dollars in annual state tax revenue to the Capital Improvement Board.
2019 YEAR IN REVIEW: Penske Corp. acquires IMS, IndyCar Series
Penske—one of the most influential companies in the history of auto racing—will become just the fourth owner of the iconic track and will take over a series that many believe is on the upswing after many years of struggle.
2019 YEAR IN REVIEW: Big year for Hogsett, Buttigieg and Dems in Boone, Hamilton counties
Despite no state or federal elections in 2019, Indianapolis and its suburbs made plenty of political news. Voters across the state cast ballots in municipal elections, re-electing Indianapolis Mayor Joe Hogsett plus three Hamilton County mayors. The year also brought plenty of 2020 news.
2019 YEAR IN REVIEW: Elanco strikes $7.6B deal for Bayer’s animal-health unit
The deal, which is expected to close by mid-2020, will swell Elanco from the world’s fourth-largest animal health player to the second-largest, behind only New Jersey-based Zoetis.
2019 YEAR IN REVIEW: Ambrose pulls out of GM stamping plant project
Ambrose had detailed plans in 2018 for a $1.4 billion, mixed-use development called Waterside—and said construction would start in 2019. But on Sept. 27, Ambrose said it planned to reposition its business and move away from mixed-use and office projects, including Waterside.
2019 YEAR IN REVIEW: Scotty’s Brewhouse, Palomino, Granite City among 2019’s biggest restaurant closures
When Scotty’s filed for Chapter 11 bankruptcy protection in December 2018, it had 19 locations, including seven Indianapolis-area Scotty’s Brewhouses and a Thr3e Wise Men Brewing Co. in Broad Ripple. By the middle of this year, most of those had closed, including all the Indianapolis-area sites.
2019 YEAR IN REVIEW: Celadon abruptly shuts down, wiping out nearly 4,000 jobs
| Susan Orr and Greg Andrews
The December announcement brought to a bitter close one of central Indiana’s great entrepreneurial success stories. Stephen Russell, the son of a New York City taxi driver, launched the business with a single truck in 1985 and grow it into the largest provider of international truckload services in North America, with more than 150,000 annual border crossings between the United States, Canada and Mexico.
2019 YEAR IN REVIEW: Indy Star, WISH get new owners, while Nuvo ends print publication
In August, GateHouse Media, a chain backed by an investment firm, announced it was buying Virginia-based USA Today and Gannett Co., which owned The Indianapolis Star, for $12.06 a share in cash and stock, or $1.4 billion. The deal closed in November.
2019 YEAR IN REVIEW: ClearObject, Doxly, Synovia among year’s big tech acquisitions
In one of the year’s highest-profile tech deals, two out-of-state private equity firms took a majority stake in Fishers-based tech company ClearObject, which for years has ranked among the fastest-growing firms in the Indianapolis area.
2019 YEAR IN REVIEW: IPS picks its new superintendent from within school district
Aleesia Johnson, a longtime ally of charter schools, was named superintendent of the state’s largest school district—Indianapolis Public Schools—in June, after filling the job on an interim basis for several months.
2019 YEAR IN REVIEW: New IndyGo CEO Inez Evans takes data-driven approach
Inez Evans started as IndyGo’s president and CEO just before the Red Line launched in September—a time of great promise but also complications.
2019 YEAR IN REVIEW: Bade abruptly changes direction after split with Ambrose partner
Aasif Bade has brought in a new team and made a series of promotions as he’s looked to pivot the Ambrose’s focus from a mishmash of developments to more projects in the e-commerce and industrial sectors—in hopes of capitalizing on continued growth and market demand.
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Gleaners hits huge milestone while distributing record amount of food
Launched in 1980, the food bank crossed the threshold this year of delivering more than half a billion pounds of goods over the life of the organization. And it’s ramping up aggressive plans to more than double its annual distribution total.
Indiana Dunes National Park to build erosion-fighting sand traps
Officials are asking the public to steer clear of the area as heavy equipment is used to install and fill the sand traps and fight erosion during a time of high water levels on the lake.
Indiana sets new sulfur dioxide limit for coke plant
Regulators have set proposed new pollution limits for a northwestern Indiana business that’s considered one of the region’s worst polluters.
Another executive departs as Boeing tries to correct course
Mike Luttig was Boeing’s general counsel and a close adviser to the aviation firm’s ousted CEO.
Markets in 2019: Late surge caps year of soaring investments
A statement on monetary policy in January helped set the tone for a year in which the stock market responded to every downturn with a more sustained upswing.
Indy’s 2019 top tech stories show market still growing
There were some surprising tech developments this year in the central Indiana market. Synovia Solutions’ and Sigsters’ acquisitions come to mind. What’s not surprising is the change that continues to shape this sector. Like the evolution of technology itself, the stream of startups, pivots, mergers and acquisitions this year—like most—came fast and furious.