SEPTEMBER 18-24, 2017
What’s the point of having a ritzy residence without a few parties? But Forrest and Charlotte Lucas host so many galas, fundraisers and other events at their Carmel estate that some nearby residents are fed up. Lindsey Erdody reports that city officials are looking at clamping down on frequent, large-scale entertaining on estates. Also in this week’s issue, Susan Orr digs into the fine print on plans for the Red Line and presents 11 things you might not know about the transit project. And in Forefront, IBJ’s columnists debate the future of Confederate monuments and racially charged art.
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Carmel might clamp down on galas at Lucas estate, other swanky residences
Carmel officials are cracking down on parties that neighbors say are creating too much noise and traffic. In the city’s crosshairs right now: Forrest and Charlotte Lucas.
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Animal-health biz Elanco under the weather; Lilly won’t rule out spinoff
The Greenfield-based unit, which makes a vast array of vaccines, antibiotics, feed additives and other health products for livestock and pets, is in a slump, after more than a decade of growth.
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Speedway targeting consumer-oriented sponsors
Hulman & Co. CEO Mark Miles is firing up an effort to go after consumer-oriented sponsors—a move aimed at helping the Indianapolis Motor Speedway sell more tickets.
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Mel Simon’s widow set to settle $21M lawsuit against IRS
The spat stems from a dispute over whether Mel Simon's sale of his half of the Indiana Pacers to his brother Herb months before Mel's death in 2009 was an arm's-length transaction.
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11 things you might not know about the Red Line and other transit changes
IndyGo is revving the engines on its much-anticipated Red Line, with the bidding process under way and construction set to begin in January on the first 13.1 miles of the bus rapid-transit line.
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IEDC tailors campaign to lifestyle issues in 4 target cities
Ad placements in billboards, magazines, newspapers and internet and mobile platforms were part of a marketing plan launched in 2016 to target Chicago, San Francisco, New York and Atlanta.
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Entrepreneur sees lucrative future in HVAC for pot
Developing and selling cutting-edge products is tough. Doing so for the marijuana industry, which is illegal at the federal level, is even tougher.
Read MoreTechPoint receives $5.7 million Lilly Endowment grant
TechPoint, a not-for-profit advocacy group, plans to use the money on two programs to nurture young tech talent.
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Renovated building gives Mass Ave industrial corridor another lift
The Riley Area Development Corp. has purchased the nearly 120-year-old structure northeast of the Circle City Industrial Complex and hopes to lure micro-manufacturers to the space.
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Frenzy of warehouse projects fueled partly by e-commerce
More than 6.8 million square feet of industrial space is expected to be constructed in the Indianapolis area in 2017, the most ever in a single year.
Read MoreLocal apartment developer makes Inc.’s fast-growing list
The Garrett Cos. posted revenue in 2016 of $43 million, a more-than-2,000-percent increase from the previous year, helping the developer rise from 623rd in 2016 to 210th this year.
Read MoreHoldfolio purchases second apartment complex
Holdfolio paid $1.4 million to purchase the 50-unit Terrace Park Apartments at 2314 Main St.
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Regional effort holds promise
It’s been sort of fun watching communities across the country—including Indianapolis—get fired up about the idea of landing what Amazon Inc. is calling HQ2, essentially a second North American headquarters for its burgeoning operations. The company sent most major metros into a tizzy with its open call for proposals to host the tech and retail […]
Read MoreMORRIS: The latest magic from Cupertino
I have concerns but can’t shake my addiction to Apple products.
Read MoreTribalism and core American values
We Americans are a cantankerous and argumentative lot. We hold vastly different political philosophies and policy preferences, and we increasingly inhabit alternate realities. Partisans routinely attack elected officials—especially presidents—who don’t share their preferences or otherwise meet their expectations. Politics as usual. Unpleasant and often unfair, but—hysteria and hyperbole notwithstanding—usually not a threat to the future […]
Read MoreHAGERMAN: Blur the lines between industry, academia
Both industry and academia are well poised to help each other realize massive benefits from deep partnerships if we are willing to get creative about the ways we collaborate.
Read MoreSKARBECK: HSAs are powerful way to save for retirement
Health savings accounts are one of the most attractive investment vehicles available in the marketplace.
Read MoreBOHANON & STYRING: NCAA deck is stacked in favor of schools
One service the NCAA provides for its members is to rig the market for student athletes
Read MoreLETTER: Smart growth means sensible regulation
Many businesses have large amounts of impervious surfaces on their rooftops and parking lots with no areas to allow for natural drainage to wetlands or corridors planted with native species that filter harmful substances and clean the water before it enters the storm sewer system.
Read MoreLETTER: Let’s go get Amazon HQ2, but not leader’s politics
Jeff Bezos is as capitalistic with his own money as anyone else and is very successful. However, he is very “socialistic” with everyone else’s money—meaning yours and mine.
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Children’s Museum unveils ‘sports legends’ for new outdoor exhibit
Several famous basketball players, a pair of renowned golf course architects, a hockey superstar and the man regarded as the greatest race car driver of all time are among those selected to be honored in the Children’s Museum of Indianapolis’ new $38.5 million sports exhibit.
Read MoreLongtime historic preservation leader Williamson dies at 82
J. Reid Williamson Jr., who served as president of Historic Landmarks Foundation of Indiana from 1973 to 2005, is remembered as “a giant in the field of historic preservation.”
Read MorePurdue wins $19M federal grant to develop shale-fuel technology
The five-year grant from the National Science Foundation is expected to provide an early boost to Purdue’s new engineering research center.
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