2025 Newsmaker: Carlie Irsay-Gordon, Casey Foyt, Kalen Jackson
Irsay-Gordon, Foyt and Jackson moved into new roles with the Indianapolis Colts and became the franchise’s full owners following the death in May of their father, Jim Irsay.
Irsay-Gordon, Foyt and Jackson moved into new roles with the Indianapolis Colts and became the franchise’s full owners following the death in May of their father, Jim Irsay.
Motivated by rising property tax bills caused in part by rising home prices, Gov. Mike Braun and the Republican-majority Legislature last spring upended the funding structure for local government and forced tough budgeting decisions in cities and towns.
Jeff Simmons has been CEO of Elanco since its spinoff from Eli Lilly and Co. in 2018, guided the company’s 2020 acquisition of Bayer Animal Health and has overseen the development of drugs that are starting to pay off in profits and investor confidence.
Ozdemir said the building at 120 Monument Circle is “a centerpiece location in the beating heart of our city.”
Five Indianapolis City-County Council members, including three from the mayor’s own party, called on Democratic Mayor Joe Hogsett to resign following an investigation into how his administration handled allegations of sexual harassment by the mayor’s former chief of staff.
Boxcar Development LLC, a holding company for a group of investors led by the Simon family, plans to officially break ground on the $320 million hotel complex at Georgia and Pennsylvania streets next spring, but work to clear the former CSX building from the site and prep it for construction is well underway.
Indianapolis native DuJuan McCoy—already the owner of WISH-TV Channel 8—announced in October that his company, Circle City Broadcasting LLC, had reached an agreement to acquire WRTV-TV Channel 6.
As of Nov. 13, Eli Lilly and Co.’s market capitalization was $967 billion and flirting with a rare $1 trillion. Its stock price in November surpassed $1,000 per share, up more than 25% for the year.
Indianapolis Colts owner, philanthropist and music lover Jim Irsay died on May 21 at 65 years old, leaving full ownership of the NFL franchise to his daughters, who had all been active in the organization for years.
The investigation, which Braun labeled a “forensic audit,” launched in May and continued through the summer, leaving work by Elevate and other organizations in limbo and raising questions about whether the state would continue to invest in fledgling companies
Mayor Joe Hogsett’s administration offered a lifeline in September to Indianapolis-based developers Gershman Partners and Citimark in their efforts to redevelop the Gold Building downtown, a project that has been hampered by financial challenges that nearly derailed it.
The final budget boosted the tax on cigarettes by $2 per pack, with similar hikes on other forms of tobacco. Those tax increases were expected to generate $850 million over the two-year budget cycle.
More than 18 months after accusations surfaced in the media that Joe Hogsett’s former chief of staff and campaign manager had sexually harassed three women, the fallout continues for the Indianapolis Democratic mayor and his administration.
Indianapolis-based Citizens Action Coalition estimated in September that there were 40 data centers active or proposed in the state.
Finkam appointed new members to the board, which approved a revised operating agreement between the nonprofit and the city. But the controversies continued.
First American Nuclear, a startup developing a fast-spectrum small modular reactor for nuclear energy, announced on Nov. 4 it is planning to invest more than
$4 billion to move its headquarters to Indiana and develop a nuclear plant and “energy park” in the state.
Three stories about properties owned by the late Jim Irsay, who owned the Indianapolis Colts, are among the 10 most-read stories this year.
Raines took the reins four months after the Indiana Pacers and the city hosted the 2024 NBA All-Star Game, an event Raines had helmed since 2017.
The cornerstone of Braun’s campaign was his promise to use his business experience to lead Indiana. And on election night, he doubled down on campaign promises to cut government spending and pass a balanced budget.
Ricks—IBJ’s newsmaker of the year in 2023—returns to the newsmaker list in 2024 after a year that included a stock price that skyrocketed to an all-time high of $972 and announcements about big new investments in Lebanon and Ireland.