JUNE 27-JULY 3, 2016
The Hoosier Lottery is having a banner year and is projecting that it will return more money to the state than in any other year. But was it mostly due to the $1.6 billion Powerball jackpot? Hayleigh Colombo examines the circumstances. Also in this issue, Scott Olson marks the return of home flippers to the real estate market as sales improve. And in A&E Etc., Lou Harry reviews a new pizza outpost for Chicago-based Aurelio’s.
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State poised to reap record lottery payout
The Hoosier Lottery is having a banner year, thanks in part to this winter’s record $1.6 billion Powerball jackpot mania and other efforts to better reach Indiana players.
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With new Carmel HQ, tech firm aims to move beyond rocky past
Publicly traded Determine Inc. generated fanfare when it announced it was moving its headquarters here and adding 24 jobs to the 35 already here. But many investors have been betting against it for years.
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The Lazzaras up ante in downtown Carmel after early bets on mayor’s vision pay off
Four of the family’s five local businesses operate out of downtown Carmel—and Chuck Lazzara and his son are pursuing a $20 million mixed-use development called Monon & Main.
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New state law allows distilleries to sell carryout 7 days a week
The new law lifts the ban on carryout sales for artisan distilleries, putting the businesses on par with wineries and craft breweries, which already sell alcohol on Sundays.
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IPL seeks rate hike to clean up Petersburg coal plant
IPL has filed petitions with the Indiana Utility Regulatory Commission to install $100 million worth of pollution controls at Petersburg, a move it says will allow it to meet strict environmental regulations.
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Thorn in side of Noble Roman’s dumps stock for big loss
An Atlanta-based activist investor that had blasted Noble Roman’s Inc.’s management and called for the company’s sale has reversed course.
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Gen Con’s expansion to Lucas Oil is test for conventions
Gen Con is the biggest and highest-profile convention to use both the stadium and convention center since the 2011 expansion—and others are watching to see how it works.
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Trump runs far behind Clinton in Indiana donations
Donald Trump’s nationwide lag in fundraising compared with former Secretary of State Hillary Clinton is apparent even in Indiana, despite the fact polling shows Trump comfortably besting Clinton in a general election matchup here.
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City taking bids for more Union Station repair work
The Department of Metropolitan Development is soliciting bids for masonry, roofing, skylight and steel work at the 130-year-old downtown landmark.
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Turnarounds rebound as home flippers get back in gear
Locally, the number of homes flipped in 2015 jumped 9 percent from the previous year. Nationally, 2015 marked the first annual increase in the percentage of homes flipped following four straight years of decreases
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A home with a view
Charlie Brown and Louise Tetrick love the house they built on Geist Reservoir—especially the windows. Still, this home is for sale at $1.45 million through Berkshire Hathaway’s The Richwine Group.
Read MoreResidential Real Estate: Marketplace
Housing Sales March 1 – May 31 MORE FROM IBJ Click here. The housing market is hot but the challenge is a lack of inventory, said F.C. Tucker Co. President Jim Litten. Currently, there are about 9,000 listings in central Indiana, although about 20 percent of those are under contract with an agent accepting […]
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EDITORIAL: Absurd vaping law needs do-over
Pence should find a way to postpone the law’s implementation and the General Assembly should rewrite the legislation to ensure it’s fair to all—consumers and business owners alike.
Read MoreMORRIS: Let’s all jump on the civility bandwagon
A unique partnership tries to restore the respect that once characterized our public discourse.
Read MorePETERSON: Indy renaissance a blueprint for all cities
It’s fitting that the U.S. Conference of Mayors picked Indianapolis for its annual meeting June 24-27. Probably no major city in America has transformed itself more over the past 50 years than Indianapolis.
Read MoreROBERTSON: Please, own your words
if you have to double-check to see if the words or views you express have hurt someone, you probably know deep down that what you’re saying isn’t very nice.
Read MoreBOHANON & STYRING: Trade deficit not as black and white as it seems
Recent reports indicate that the U.S. trade deficit was $500 billion in 2015. Sounds ominous and cataclysmic, but a look behind the number is revealing.
Read MoreSKARBECK: Pricey LinkedIn purchase reflects frenzy over cloud
Microsoft threw a curveball to investors this month with its $26.2 billion purchase of LinkedIn. The $196-per-share cash offer was 47 percent above LinkedIn’s stock price of $133 per share.
Read MoreLaw creates monopoly
The law meant to regulate the vaping industry is far more dangerous than the e-liquids from which the state claims to “protect” us.
Read MoreDuped by Harmony
I am one of those unfortunate homeowners whose decision to move to Harmony in Westfield was predicated on what I was told were the plans for the subdivision and the area to the south [Shifting plans sow dis-Harmony in Westfield ’hood, June 13]. All anyone has to do is drive to 146th and Ditch to […]
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EmployIndy makes push for collaboration under new leaders
Angie Carr Klitzsch is EmployIndy’s new president and CEO, and Marie Mackintosh is chief operating officer.
Read MoreIU to hire 40 faculty, spend up to $120M on new initiative
The money will be awarded from IU’s Grand Challenges Program, a new push that is designed to tackle “major and large-scale problems facing humanity” that can only be addressed by multidisciplinary research teams.
Read MorePlan for downtown concert venue on old GM plant site called off
REI Investments, the Carmel-based developer who had been under contract to redevelop about half of the site into a $30 million concert venue, has mutually agreed with owner RACER Trust to terminate the plan.
Read MoreJapanese manufacturer plans $50M plant, 70 jobs in Indiana
Japan’s largest steel producer announced plans Tuesday to open a subsidiary in Shelbyville in a plant that is expected to be fully operational by spring 2018.
Read MoreExplosive growth in Indiana charter schools begins to cool
An unprecedented expansion of charter schools over the past five years—centered heavily in Indianapolis—is expected to push the number of privately managed public schools in Indiana to 100 this fall for the first time.
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