FEBRUARY 22-28, 2016
The party is winding down for Cialis. Sales are flattening for the Eli Lilly and Co. blockbuster, and its patent expires next year. John Russell examines Lilly’s marketing and pricing strategy before generics flood the market. Also in this week’s issue, Anthony Schoettle explains the challenge facing the Colts as the team tries to sign Andrew Luck for a second contract. And in Focus, IBJ details the renovation plan for IU’s Assembly Hall.
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Colts’ challenge: Pay up for Luck without emptying coffers
The Colts want to avoid past mistakes, when the team devoted so much of its salary cap to Peyton Manning that it took a herculean effort to build a solid roster around him.
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For Lilly’s Cialis, glory days are over
The erectile-dysfunction drug, made famous by a slew of quirky commercials, is facing performance issues of its own.
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Three Duke office parks might fetch $500M-plus
Three of the Indianapolis area’s highest-profile office parks, including the two largest in the North Meridian submarket, are expected to fetch as much as half a billion dollars when they hit the market next month.
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Speak Easy eyes new downtown operation
The Speak Easy, a 4-year-old co-working space near Broad Ripple that’s become one of the most popular entrepreneurial hubs in the region, is gearing up to expand downtown.
Read MoreCarrier plant closing shows vagaries of modern manufacturing
The Indianapolis HVAC plant had taken numerous steps to improve efficiency, but they weren't enough to overcome the labor savings that go with shifting the work to Mexico.
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Business owners and government officials spar over S.R. 37 overhaul project
The city of Fishers is investing tens of thousands of dollars in a consulting firm to address needs of businesses along State Road 37, which is expected to be redesigned into a free-flowing parkway, even though construction is at least two years down the road.
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Politicos complicate Ivy Tech presidential hire
Ivy Tech Community College faces a crucial moment in selecting its next president, a job the college says demands education experience, fundraising chops and the ability to improve student performance. But has the search become a political football?
Read MoreINSIDE THE STATEHOUSE: Ellspermann’s drop from ticket not all good for Pence
The incoming lieutenant governor, Eric Holcomb, brings strong relationships with party officials to the Pence reelection efforts, but Democrats are sure to point out that outgoing Lt. Gov. Sue Ellspermann is just the latest Republican not to finish a term.
Read MoreMeijer store among slew of new projects in McCordsville
The population of the town near Geist has grown in the past decade to the point that it's starting to attract big projects, including the Meijer store.
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Tim Hortons targets Indianapolis as part of expansion plan
Coffee and doughnut chain Tim Hortons, a cult favorite in its Canadian homeland, is counting on Indianapolis as it makes a bigger push into the United States.
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Renovation of IU’s Assembly Hall will keep quirky venue vibrant
The $40 million redesign’s most prominent addition is a south lobby main entrance featuring an atrium with a massive window overlooking the court.
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MORRIS: You can go back (to school)
Indiana wisely encourages Hoosiers to finish their college degrees.
Read MoreTrump: How did we get to this point?
How did a major political party produce not only “The Donald” but a whole crop of presidential candidates unable to do anything but ape him?
Read MoreVIEWPOINT: TIF study is ‘deeply flawed’
One unfortunate consequence of the Ball State University report is its potential to hurt Indiana’s economic development efforts.
Read MoreSKARBECK: Big banks worth a look at today’s cheap prices
it is easy to see why investors are concerned about bank stocks. Yet, barring a broad economic downturn, which doesn’t seem to be in the cards, there are reasons to like U.S. bank stocks at these lower prices.
Read MoreBOHANON & STYRING: Obama budget takes on sports-venue subsidies
Obama’s 2017 budget has one provision that makes us want to send him a belated Valentine! He asks Congress to eliminate a federal tax exemption for interest payments on local bonds issued to build professional sports venues.
Read MoreRoads legislation unfair to northwest Indiana
Northwest Indiana residents are being asked to carry a special burden yet again and once again be denied their fair share of road funding.
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Bids to develop IPS Mass Ave site top out at $260M
The proposals for the highly visible, 11-acre site suggest a host of office, retail and housing options, with two calling for a boutique-style hotel.
Read MorePurdue University says applications break record
The university said that as of Monday, applications have been submitted by 47,475 prospective first-year students.
Read MoreSt. Vincent joins short list of top trauma centers in state
The trauma center at St. Vincent Indianapolis has become the third such facility in the state to be recognized as a Level I Trauma Center, meaning it is equipped and staffed to handle the most serious injuries.
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CEO Dennis May steps down at struggling HHGregg
The Indianapolis-based appliance and electronics retailer, which has seen its sales plummet in recent years, named Chief Financial Officer Robert Riesbeck as interim CEO. May had been with the company since 1999.
Read MoreUtility wants to expand water, sewer service in Hancock County
A small utility cooperative’s plan aims to help spur development in unserved areas between Greenfield and Fortville.
Read MoreStanley lands $2.1M in incentives from Fishers
The company, which makes security devices and systems, plans to construct a three-story, $15.9 million headquarters in Fishers Point Business Park on the corner of Kincaid and Sunlight drives.
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