MARCH 9-15, 2018
The recruiting scandal roiling men’s college basketball is sure to cast a cloud over the NCAA tournament—a cash cow that brings in hundreds of millions of dollars annually to the Indianapolis-based not-for-profit. Scott Olson examines the potential ramifications. Also in this week’s issue, Lindsey Erdody details how Carmel philanthropists and sisters Deborah Simon and Cindy Simon Skjodt have become big-time campaign donors on the national level in this election cycle. And Hayleigh Colombo reports that the Hogsett administration and City-County Council are weighing whether to kill a little-known organization that has quietly worked the past two decades on the redevelopment of key downtown projects.
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Recruiting scandal hangs over March Madness
The tournament has become so big that sports experts doubt a federal investigation alleging dozens of prominent players, coaches and schools broke NCAA rules will hurt sponsor support.
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Simon sisters among top political donors nationwide
Carmel philanthropists and sisters Deborah Simon and Cindy Simon Skjodt have become big-time campaign donors this election cycle.
Read MoreState set to unleash new venture funding
The Hogsett administration and the City-County Council are weighing whether to kill a little-known organization that has quietly worked the past two decades on the redevelopment of key downtown projects.
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Critics say downtown development group should go
The Hogsett administration and City-County Council are weighing whether to kill a little-known organization that has quietly worked for two decades on the key downtown redevelopments.
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After split driven by succession planning, family-owned Crew Carwash is in growth mode
This year, Indianapolis’ largest car wash chain—which is also one of the nation’s largest—marks its 70th anniversary. Sort of.
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Greenwood firm ensnared in case involving Manning, Al Jazeera
A private-investigations firm hired by Peyton Manning’s lawyers is facing a broadcaster’s petition to turn over information it uncovered about a documentary.
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Adviser admits defrauding former Colt of $4.7M
Under the terms of the plea agreement, Kenneth Ray Cleveland of suburban Los Angeles is required to make restitution to former Colt Cory Redding.
Read MoreQ&A: Indy Pride’s first staffer says RFRA became a ‘real overall positive’
Chris Handberg, 38, worked at the Domestic Violence Network, The Julian Center and as a youth pastor in Anderson before becoming executive director of Indy Pride.
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IPS delays tax-hike referendums to November after criticism
Indianapolis Public Schools is backing off on its plan to ask voters in May to support a major tax hike to pay for the city’s schools, instead deciding to work with the Indy Chamber to revise its proposal and delay the referendums until November.
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Highland sets new course with $1.6M golf-training academy
As part of a strategic plan to guide it into the future, the 99-year-old golf club has an arrangement to share the 9,200-square-foot indoor training facility with Butler University, which uses Highland as its home course.
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Buyers of east-side relic proposing $30M redevelopment for schools
The long-vacant P.R. Mallory building on East Washington Street is closer to becoming occupied, after plans to bring the Purdue Polytechnic High School there stalled over higher-than-expected renovation costs.
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Banks have returned to commercial real estate in a big way, but regulators urge caution
The segment crashed in the financial crisis that began in 2008, forcing banks to write off billions of dollars in loans. But it’s roared back since, and last year national commercial real estate lending surpassed its 2008 peak.
Read MoreTransaction data suggest bitcoin may be losing popularity
The average number of trades recorded daily has roughly dropped in half from the December highs and touched its lowest in two years last month, even as bitcoin became a household name and roared back to near $11,000.
Read More$1B First Financial-MainSource deal gives boost to army of advisers
Completing the transaction will be highly profitable for the investment banking firms representing the institutions.
Read MoreFormer stockbroker Buck to be sentenced in April
Thomas. J. Buck, a former top investment broker who was fired by the local office of Merrill Lynch in 2015 after nearly 34 years with the firm, is scheduled to be sentenced next month after pleading guilty in January to one count of securities fraud.
Read MoreU.S. problem-bank list continues to shrink
The number of financial institutions on the Federal Deposit Insurance Corp.’s problem-bank list has fallen below 100 for the first time in a decade.
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EDITORIAL: Foreign trade trips are must-dos in today’s world
In all, international trade supported more than 812,000 jobs in 2014, a number that’s almost certainly grown. That’s more than one of every five jobs in the state. Those kinds of numbers don’t happen by chance.
Read MoreMORRIS: Suburbs shouldn’t turn backs on Indy
It’s not unreasonable to consider regional taxing solutions for infrastructure.
Read MoreKENNEDY: Blaming the victim will not fix the problem
Right now, that “blame game” describes some of the arguments being made by opponents of Indianapolis Public Schools’ operating referendum—which has now been put off until November.
Read MoreSINGELL: Deconstructing the myth of the English major
Some might not realize the liberal arts encompass most of the STEM disciplines and provide unparalleled preparation for professional graduate school.
Read MoreFELLA: Let’s take the executive out of ‘executive presence’
Authentic, unique presence comes from the inside out, not the outside in. In other words, it can’t be created by someone else telling you how to act.
Read MoreFEIGENBAUM: Lawmakers coasting to session end with no drama
Now that Hoosiers can purchase alcohol at retail on Sundays thanks to (technically) emergency legislation signed into law even before conference committees had begun to convene, some even question why legislators should stay in Indianapolis through March 14.
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KIM: Did you pass or fail February’s market test?
Pundits blamed the correction on fears over rising inflation/interest rates, a more “hawkish” Fed, and the breakdown of a misused option product used to place leveraged bets on market volatility.
Read MoreBOHANON & CUROTT: No, trade wars are not easy to win, Mr. President
Apparently, Trump thinks he is declaring war on foreigners. But in reality, he is declaring war on Americans.
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National tour of ‘Hamilton’ coming to Indianapolis
Broadway phenomenon “Hamilton: An American Musical” is scheduled for Indianapolis as part of an upcoming national tour of the show, but fans will need to be patient.
Read MorePurdue online school gets final regulatory approval
The school said Purdue University Global received a notice of approval Monday from the Higher Learning Commission, a regional university accrediting body.
Read MoreManufacturer plans $72 million plant, 89 jobs in Lebanon
The company that makes the water-soluble film used to create products such as Tide Pods and Cascade ActionPacs plans to break ground on the 150,000-square-foot manufacturing plant this summer.
Read MoreOwnership changes ahead for Corner Wine Bar
The restaurant and watering hole has been a Broad Ripple fixture since its opening in 1982. Its current owners say Wednesday will be the final day of operation on their watch.
Read MoreMainstreet nixes ambitious Arizona plan, terminates at least 70 workers
The Carmel-based developer and operator of senior care facilities blamed high start-up costs and a challenging reimbursement environment for decision to pull out of Arizona.
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Cocktails the pros swear by
Top Indy bartenders didn't don’t merely follow recipes and serve drinks. They savor the complex interplay among ingredients and have strong opinions about what makes a great cocktail.
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LOPRESTI: Sectional week … where the excitement lives
Packed gyms and old rivalries are still staples of the tournament’s first weekend.
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