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Big Ten football championship sells out, packs downtown hotels
The battle on Saturday between Ohio State and Michigan State, plus ESPN broadcasts and special events downtown, are expected to have a $15 million economic impact on Indy. That’s a vast improvement over the 2012 championship.
Indy firm proposes redevelopment of ISU towers
Indiana State University is putting on hold its plans to demolish two 15-story former residence halls on the Terre Haute campus after an Indianapolis-based developer proposed taking them over.
Midwestern law firms less likely to call one city home
Several firms with a big presence in Indianapolis are among the Midwestern practices now deciding not to specify a home office. Local autonomy and decentralized management are major trends, which can help with recruiting.
No city subsidy needed for Indians’ profitability
Despite an ever-changing sports landscape, the Indianapolis Indians have been in the black every single year dating back to 1975. This year, the Tribe saw near record attendance and scored another seven-figure profit.
Anthem, insurance trust create Obamacare alternative
Anthem Blue Cross and Blue Shield has teamed up with the Indiana Manufacturers Association to give small manufacturers an option to side-step one of Obamacare’s new community rating restrictions.
Company news
The National Science Foundation awarded Indiana University’s Bloomington campus more than $614,000 to recruit, support and retain undergraduate students majoring in astronomy, biology, chemistry, mathematics and physics over the next five years. Nearly 85 percent of the money will be used for student scholarships. The so-called S-STEM Program—Scholarships in Science, Technology, Engineering and Math—aims to put college students on a path to pursue further education and careers in key science and math-based fields. The program also tries to connect students, faculty and local professionals from all the science- and math-based disciplines. “This program focuses on the development of a community of STEM scholars who will engage students in preparation for a successful career in these fields,” said IU’s dean of the college of arts and sciences, Larry Singell. The initial round of scholarships will fund students enrolled for the spring 2014 semester.
A federal judge in Indianapolis temporarily blocked restrictions on abortions induced by medicine scheduled to take effect Jan. 1, while a lawsuit filed by Planned Parenthood of Indiana and Kentucky Inc. proceeds. The dispute involves a law passed by the General Assembly this year, which requires abortion clinics that use only medications—not surgical procedures—to add procedure and recovery rooms, as well as surgical equipment. Only the Planned Parenthood clinic in Lafayette meets that description. But the law allows office-based physicians to continue prescribing abortion-inducing medications without adding the additional rooms and equipment. U.S. District Court Judge Jane Magnus-Stinson said Nov. 27 the state had not provided an adequate basis for making such a distinction between abortion clinics and physicians’ offices.
Indiana University Health joined a growing list of businesses and organizations proclaiming public opposition to a proposed state constitutional amendment that would reinforce Indiana’s ban on same-sex marriage. IU Health, the state’s largest hospital system and the state’s fourth-largest employer with about 26,000 workers, said it was taking the position for health-related reasons. “Research has demonstrated that unequal treatment of same-sex couples … adversely impacts their health and well-being,” IU Health said in a prepared statement. “As a leading health care provider in this state, IU Health must support efforts that reduce disparities and improve the overall health and well-being of its patients, their families and the community.” IU Health joined Eli Lilly and Co., Cummins Inc. and Emmis Communications Corp. as major employers opposing the amendment. Indiana, Ball State, Butler and DePauw universities and several other colleges also have voiced opposition. State lawmakers will begin considering the same-sex marriage ban in January. Supporters of limiting marriage to one man and one woman say a constitutional amendment is needed to keep the courts from legalizing gay marriage in Indiana. Thirty states have constitutional amendments banning legal recognition of same-sex marriage, and five others ban it by law.
Blurring the line between health care and health insurance
IU Health is working with a hospital-based health plan in Pittsburgh that is now directly challenging the Blue Cross health plan there. Could the same thing happen here?
2013 CFO OF THE YEAR: Patrick Walsh
Patrick Walsh helped Emmis Communications Corp. slash its debt after the financial crisis sapped advertising and forced it into a "crisis mentality."
2013 CFO OF THE YEAR: Matthew Selig
The scouring-powder business and the property management business have little in common … except for Matthew Selig.
2013 CFO OF THE YEAR: Mark Winzenread
Walker CFO Mark Winzenread has overseen the transition of the company through three generations—with a fourth on the horizon.
EDITORIAL: Solid reasons to give thanks
Those of us living in the Indianapolis area certainly have a lot to be thankful for, including these reasons:
Westfield gearing up for big hospitality play
Westfield’s massive Grand Park Sports Campus doesn’t open until March, but city leaders already are focused on making sure the 1 million-plus visitors they expect next year want to come back.
St. Elmo to host major shrimp-cocktail eating competition
St. Elmo Steak House will welcome the world’s top competitive eaters, including Joey Chestnut, to the contest, which will be part of the Georgia Street festivities prior to the Big Ten football championship game at Lucas Oil Stadium.
Vectren to embark on $650M project, rate increases
The infrastructure work will upgrade the gas utility’s network across much of central Indiana.
Roundup: Specialty grocer, Italian and Thai eateries, and new nano-brew concept
Fresh Thyme prepares to enter the Indianapolis market while Wal-Mart pushes its Neighborhood Market concept. Also, Olive Garden expands and a Thai restaurant opens downtown.
SHEPARD: Conrad’s intensity still felt downtown
Surely Larry Conrad is smiling over the recent report about the phenomenal strength of the housing market in downtown Indianapolis.
Survey: One-third of Hoosier workers in high-deductible plans
An annual survey by the benefits consulting firm Mercer found that, among 75 Hoosier employers, 34 percent of workers are already enrolled in consumer-directed health plans. And that number is only going to go up due to new Obamacare rules.
Why insurers want to limit your choice of doctor
In spite of President Obama’s promises that if you like your doctor, you can keep your doctor, the president’s health reform law is spurring health insurers to make him a liar on that point too.
Pro hockey returning to coliseum in 2014
The Indiana State Fair Commission announced Monday that it signed a deal with Indiana Hockey Club LLC, an ECHL expansion franchise that will become an anchor tenant for the fairgrounds’ newly renovated coliseum.