MARCH 9-15, 2015
The cost of sponsoring emerging NASCAR star and Type 1 diabetic Ryan Reed may be a drop in the bucket for Eli Lilly & Co., which spends more than $445 million annually on advertising. But the investment in Reed is starting to pay off and could help boost Lilly's market share in diabetes, IBJ's Anthony Schoettle reports. Also this week, Kathleen McLaughlin explains how the owners of 20 polluted industrial sites are hiding behind legal protections of a state-run voluntary cleanup program, and Lindsey Erdody reports that pizza and beer could be the key to a commercial turnaround for the Village of West Clay in Carmel. And in A&E Etc., a caffeinated look at the pour-over coffee craze and Lou Harry reviews the homegrown Icarus Ensemble.
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Ballard: Polluters dawdling on brownfield cleanup
The owners of more than 20 polluted industrial sites in Indianapolis are hiding behind the legal protections of a state-run voluntary program to delay cleanup, Mayor Greg Ballard alleges in a letter to state regulators.
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Pizza joints, brewery rekindle West Clay retail hopes
Beer and pizza—a classic combination and a pairing that might help revive the retail portion of the Village of West Clay in Carmel.
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Sponsorship of diabetic NASCAR driver may help Lilly regain market share
21-year-old Ryan Reed stunned racing gurus on Feb. 21 by winning his first NASCAR race on stock-car racing’s most hallowed grounds. He did it with a wireless device attached to his stomach feeding a constant stream of data to a dashboard-mounted glucose monitor.
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Deluge of downtown projects averts construction dry spell
A spate of large real estate projects in the pipeline for downtown is providing a shot in the arm for a local construction industry still rebounding from the recession.
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Analysis: New nursing homes didn’t cause glut
An IBJ analysis of occupancy data from nursing homes built since 2012 and open at least one year found that newer facilities are filling their skilled-nursing beds at a lower rate than established nursing homes statewide.
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Young firm aims to clean up in ‘green’ laundry niche
Brandon Evans and Andrew Insley hope their laundry detergent startup sets itself apart from the crowded field of competitors that say they use “natural” ingredients. Their point of differentiation: truly making good on that claim.
Read MoreUnfailing optimist Hallett sure of Indy Fuel’s staying power
Jim Hallett is confident that his recently launched Indy Fuel hockey team will prosper, a bet he backed up by signing a 25-year lease at the Fairgrounds Coliseum.
Read MoreQ&A: Indy entrepreneur’s app tracks student attendance
Indianapolis entrepreneur Jeff Whorley in January debuted a smartphone app that tracks whether college students go to class. A wave of national media attention followed.
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Cumberland ups ante in fight to save historic church
The town is appealing a decision that helps pave the way for a convenience store to be built where a historic church now sits and has hired a top real estate attorney to argue its case.
Read MoreLand Bank trial could turn on government wiretaps
Reginald T. Walton is guilty of "very poor judgment" and "ethics violations" and also "did a pretty good job concealing" his involvement in private real estate partnerships during his tenure leading the Indy Land Bank, but he's not guilty of any crime, his attorney argued in federal court Wednesday.
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Loftus and Robinson making splash in development
Young team making a splash parlayed a painting job into projects extending to redeveloping the train station in Fishers.
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Wisconsin firm pays $13.8M for Century Building downtown
A Wisconsin-based firm has purchased the downtown Century Building for $13.8 million from Zeller Realty Group, which bought the historic building out of foreclosure just over a year ago.
Read MoreUniversity of Indianapolis upgrading library
The University of Indianapolis will spend $5.5 million to renovate its Krannert Memorial Library as part of a larger $50 million investment in the campus.
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EDITORIAL: Bid to save church can’t go on forever
St. John United Church of Christ should be allowed to exercise its right to sell the property it owns even if the buyer plans to tear it down.
Read MoreKENNEDY: If more lawmakers could be like Spock
During the past couple of weeks, we’ve said goodbye to Spock in more ways than one.
Read MoreBRIZZI: Netanyahu doesn’t deserve the bile
The Democratic response was embarrassing. Not only did it mock a twice-wounded and decorated war veteran who leads a nation purported to be our closest ally, but even more disturbing is the lack of historical perspective and empathy for what Israel and its people have endured throughout history.
Read MoreMORRIS: Let’s keep our long summer evenings
The legislative season in Indiana means talk of time zones, a topic that might never go away.
Read MoreCouncilors should vet justice center deal
It is our job as the legislative body to give the proposal a fair review in the public light.
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El Rodeo owners sentenced to home detention for theft
Their chain of 26 restaurants, which operate in 10 Indiana counties under the names El Rodeo and El Jaripeo, failed to report an estimated $22.7 million in sales between 2010 and 2012, prosecutors said.
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Simon interested in acquiring West Coast mall owner
Simon Property Group Inc. has approached Santa Monica, California-based Macerich Co. about an acquisition after taking a stake in the company last year, sources say. Macerich, with a market value of $13.3 billion, has a high concentration of West Coast properties.
Read MoreMore than 4,100 register scooters under new Indiana law
The law requires owners of mopeds or scooters to have a registration, a license plate and an Indiana identification card. They also must pass a test identifying street signs.
Read MoreCarmel-based tech security firm acquired for $40M
Carmel-based technology firm Emerging Threats Pro LLC has reached an agreement to be acquired by Sunnyvale, California-based Proofpoint Inc., the companies announced Monday morning.
Read MoreREAL ESTATE
Local economic development veteran Katie Culp is joining KSM Location Advisors in the newly created position of president. Culp, 38, came from DTZ, formerly Cassidy Turley, where she spent 10 years. Culp Founded in 2004, KSM Location Advisors is an entity of local accounting firm Katz Sapper & Miller LLP. The 12-person team is […]
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