AUGUST 8-14, 2016
Five years after pledging an astounding $48 million to help Marian University build a medical school, Indianapolis businessman Dr. Michael Evans has only paid one-fifth of that amount. John Russell explains how Evans has struggled in recent years with financial and legal problems—and how Marian is dealing with the shortfall. Also in this week’s issue, Hayleigh Colombo reports how financial aid and class credits for 51,000 Indiana college students could be at risk. And in Forefront, our columnists are consumed with the state and national elections.
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AIT meltdown derails huge Marian gift
Five years after pledging an astounding $48 million to help Marian University build a medical school, an Indianapolis businessman has paid only about one-fifth of that amount.
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For WHMB, high school sports not a losing game
WHMB is entering its 29th consecutive year broadcasting high school sports. That’s the longest streak in the state, and station officials think it might be the longest in the nation as well.
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Software firms transition from methodical to ‘agile’
Agrowing number of central Indiana tech firms use a software-development process called agile, which is characterized by quick production cycles, flexibility and simultaneous feedback.
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Kite Realty spent millions on deal that didn’t occur
The Indianapolis-based company spent $2.8 million in the second quarter on a potential purchase it ultimately decided not to pursue.
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Push to shutter for-profit-college accreditor could hit 51,000 Hoosiers
Financial aid and class credits for as much as 8 percent of Indiana’s college students could be at risk as federal officials work to close down a national accreditor of for-profit schools.
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Red Cross, new CEO adjust to different way of working
Chad Priest took the reins of the Indiana Region of the American Red Cross in the aftermath of drastic chapter closures and in the midst of preparations to relocate the Indianapolis headquarters.
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Rider and bike data gives Pacers Bikeshare officials info to study, share
All 251 bikes are outfitted with GPS equipment, so staffers can identify their location. And data collected from sign-ups for daily and annual passes helps staffers determine usage patterns.
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Fishers seeking to restrict retail along I-69 corridor
City Councilors soon will weigh tighter rules for stores and restaurants along I-69 to streamline the "hodgepodge" of development standards and give them greater say over new projects.
Read MoreBrown avoids sale talk as Interactive tops estimates
With shares riding a two-year high and quarterly earnings beating estimates, Interactive Intelligence CEO Don Brown joshed around with analysts a bit Monday about acquisition rumors.
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Unfinished River North commands top rents, boosts Keystone office market
Still under construction, PK Partners’ 102,000-square-foot office building near The Fashion Mall is already entirely pre-leased. Its performance further juices the area’s in-demand office sector.
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Indy’s biggest law firms lift pay for new associates, but larger cities go further
The city's biggest firms went up to $110,000 in January but have no intention of following in the footsteps of large firms in the biggest markets, which have gone up to $180,000.
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EDITORIAL: Republicans miss an opportunity
Though Hoosier Republicans are fortunate to have had people the caliber of Suzanne Crouch, Sue Ellspermann, Susan Brooks and Becky Skillman available to run for statewide office, the party faithful might legitimately ask why such talent never seems to rise to the top.
Read MoreMORRIS: Help save lives by donating blood
Join the IBJ blood drive as region continues to bounce back from a critical shortage.
Read MoreSUTTON: Brexit could mean cheaper bonds for local government
For cities, towns, higher education, schools and other bond issuers, this is an economically advantageous and prudent time to issue new bonds or refinance existing ones.
Read MoreMcCarthy, Trump, the Tribune and Fox
Why do people blindly accept hyperbole? Why do so many accept the unsupported generalizations of conservative talk show hosts?
Read MoreBOHANON & STYRING: Saving for a rainy day is good for economy
A recent survey of U.S. households reveals that 46 percent of all households report their spending is equal to or in excess of their income.
Read MoreSKARBECK: $1B Dollar Shave Club sale gives investors lots to ponder
Giant consumer brand companies have relied too heavily on cost-cutting to deliver earnings. Their failure to innovate means they have to acquire upstart businesses that are gaining traction with consumers.
Read MoreLETTER: Convention biz is strong
Indy is poised for more record-breaking results for CIB revenue, hotel rooms sold and revenue, and industry jobs and wages in the near- to mid-term.
Read MoreLETTER: Progress takes cooperation
We deplore any action or inaction that deepens inequities.
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Salesforce poised to receive city tax break on tower expansion
Salesforce would save about $3 million on the tax exemption, if the City-County Council designates a downtown office tower as a high-tech. The tax break would come on top of major incentives deal already promised by the state.
Read MoreJPMorgan settlement with Indiana draws interest of other states
JPMorgan Chase & Co. has reached a settlement with Indiana regulators related to its asset management business, and now other states are expressing interest in how Indiana built its case.
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Alaska Airlines to offer nonstop service from Indy to Seattle in 2017
The new direct and daily service is the first year-round flight to the West Coast high-tech hub in Indianapolis history, local airport officials said Wednesday.
Read MoreCity sues emergency dispatch provider for $8.3M
Indianapolis officials say the firm failed to adequately complete its job to install a computer-aided dispatch system for police, fire and emergency use.
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Retailer HHGregg takes interim label off Riesbeck’s titles
Indianapolis-based HHGregg officially named Robert Riesbeck president and CEO on Monday. The executive joined the company in 2014 as chief financial officer.
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