Senator introduces bill to fund Indy Eleven stadium proposal
The legislation introduced by Sen. Jack Sandlin would make up to $11 million in annual tax revenue available to build a 20,000-seat stadium.
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Bill would boost CIB funding, require new 25-year deal with Pacers
A bill filed by Senate Appropriations Chairman Ryan Mishler would extend the life of multiple tourism- and entertainment-related taxes that help fund the Capital Improvement Board and expand the footprint of what’s known as the Professional Sports Development Area to capture even more tax revenue for the CIB. But there’s a catch.
Colts fire offensive-line coach in surprise move
Dave DeGuglielmo took over an offensive front that allowed a league-high 56 sacks in 2017 and helped a young, revamped line that allowed a league-low 18 sacks in 2018.
Fast-growing DoubleMap, maker of transit software, merges with Utah company
The Indianapolis company, formed in 2009, makes apps that allow users to track buses in real time and hail rides on demand. It is merging with Ride Systems LLC to gain more users and build market share.
Former Rep. Luke Messer joins FaegreBD consulting team in D.C.
Messer will co-lead the firm’s federal advocacy team with FaegreBD principal Ted Bristol, who served as legislative advisor to senior Democrats in the U.S. House and Senate.
IndyCar Series tabs Japanese infotech firm as new title sponsor
The deal with NTT might surprise some fans of IndyCar, which for its past two sponsorship cycles has paired with brands widely recognized by American audiences. But NTT is well-known overseas and wants to grow its global brand.
Westfield hospital planning heliport
Riverview Health would establish the square helipad near the intersection of State Road 32 and U.S. 31. It would be used once a month or less, on average.
Walmart to leave CVS pharmacy network
The dispute between the world’s largest retail chain and the prominent pharmacy-benefits manager could roil the business of filling prescriptions.
Gymboree expected to declare bankruptcy, close at least 6 Indy-area stores
This would be the second bankruptcy for the children’s clothing retailer in less than two years, but the chances for survival look very slim.
Cash rules as stocks, bonds waver
The steady-and-not-so-slow-anymore returns for cash, plus expectations for even more market volatility in 2019, means strategists along Wall Street are seeing cash as a viable investment option for the first time in years.
Justice Department opinion could threaten online gambling
Several states—but not Indiana—moved to authorize online gambling after an Obama administration decision appeared to allow it. Now, the Justice Department is reversing that opinion.
South Carolina firm buys northwest-side office park for $6.5M
The acquisition of Commerce Park’s amalgamation of office buildings marks the second significant purchase in the Indianapolis area for Ziff Properties.
Council panel postpones vote on controversial billboard plan to consider changes
Council Vice President Zach Adamson said “we all have received lots of calls” on the proposal and said postponing the matter would “allow additional conversation” on whether or not to amend the proposal or accept it as written.
IU establishes new research center focused on inclusion, socioeconomic barriers
The Center for Research on Inclusion & Social Policy is in the process of developing several projects, including a study of international migration to Indiana, evictions in Indiana counties and the impact of race on homeownership, based on a recent report by the Brookings Institution.
Suitor for IndyStar’s parent company known for ‘milking’ newspapers
Alden Global, which is taking aim at the Gannett newspaper chain, is run by a hedge fund exec known in some circles as “the Gordon Gekko of newspapers.”
Lawmakers to consider more oversight of pharmacy-benefits middlemen
Two bills going through the Indiana General Assembly would give the state more tools to scrutinize the powerful pharmacy-benefits managers who negotiate drug prices and help set customer prices.
Gov. Holcomb says ‘what’s next’ could be soccer stadium
The Republican governor did not take a position on an Indy Eleven plan to have state and local taxpayers fund a new stadium, but he said officials always need to embrace the future.
Trump rejects suggested short-term government shutdown fix
Leaving the White House for a trip to New Orleans, Trump said he had dismissed the proposal from Republican Sen. Lindsey Graham to reopen for several weeks and continue dealing with Democrats over Trump’s long-promised wall on the U.S.-Mexico border.
Indiana lawmakers look at charity gaming regulations
The bill would allow for higher prize payouts and more not-for-profits to offer charity gaming.
Indy Eleven names broadcasting executive as new CEO
Stremlaw, a Boston native, comes to Indy Eleven from the Canadian Broadcasting Corp., where he oversaw the group’s sports coverage, including the Olympics and other high-profile events.
