NOV. 17-23, 2023
Stephen Simon is expected to become majority owner of the Indiana Pacers after his father, longtime owner Herb Simon, passes away. But as a minority owner, Steve Simon already has become active in Indy’s entrepreneurial community and has followed his passions for civic engagement and philanthropy. IBJ’s Mickey Shuey has the story. Also in this week’s issue, Dave Lindquist has the story behind the transformation of the Christel DeHaan estate into a retail palace stocked with high-end home furnishings and featuring a restaurant, wine bar and design studio. And Susan Orr explains how Indiana colleges are using analytics to try to boost graduation rates.
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Younger Simon uses his influence as Pacers co-owner to better Indiana
The eldest son of Indiana Pacers majority owner Herb Simon has made passionate forays into civic engagement, creativity and philanthropy.
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Indiana colleges use analytics to try to increase retention
The University of Indianapolis is leading a coalition of six Indiana colleges in an $11 million grant-funded program that’s using data analytics to help boost graduation rates.
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Deadline looms on estate-tax option
The Tax Cuts and Jobs Act, which passed in 2017, temporarily doubled the estate-tax exemption starting in 2018. But the estate-tax provision of the TC&JA is scheduled to sunset at the end of 2025.
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RH unveils its ‘hospitality experience’ at the previously private DeHaan estate
The retailer has transformed the property at 4501 Michigan Road into a restaurant, wine bar, installations featuring the company’s furnishings and the RH Interior Design Studio.
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Mark Montieth: Returning to his roots
Why would a 12-season NBA veteran coach a high school team? Teague earned nearly $100 million, so it’s not about the money.
Read MoreIndiana 250: Kristin Marcuccilli
Kristin Marcuccilli serves as president of Star Financial Group, the parent company of Star Financial Bank, where she is responsible for overseeing long-term strategic planning, partnerships and administration for the organization and its subsidiaries. She previously held the title of chief operating officer, a role she served in for 10 years. Marcuccilli serves on the […]
Read MoreMade in Indiana: Potato chips by Broad Ripple Chip Co.
History: Mark McSweeney and his wife opened Great Harvest Bread Co. in 1989, which brought them to Indianapolis, where his wife is from. Great Harvest was a retail whole grain bakery that transitioned into a wholesale business in 2008. In 2013, he started experimenting with making potato chips in a small tabletop fryer he got […]
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All-in cost of Pan Am Plaza hotel, convention center expansion might surpass $1.6B
The city on Wednesday and Thursday sold $581 million in bonds for the development through the Indianapolis Local Public Improvement Bond Bank, consisting of $436.8 million in tax-exempt revenue bonds for the hotel portion of the project, and another $155 million for the convention center expansion.
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Governor shifts oversight of LEAP water study away from IEDC
The move comes as the Indiana Economic Development Corp. faces questions about its plan to tap the Wabash River aquifer and withdraw as much as 100 million gallons per day for an advanced manufacturing district in central Indiana.
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Lilly experimental drug lowers heart disease risk factor in just one dose, study finds
Lilly’s lepodisiran, given at the highest dose, reduced a heart disease-linked protein to undetectable levels for 48 weeks, according to the study.
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There are riches, risks when private-equity firms acquire medical practices
Some warn that the spiraling number of deals could lead to large physician groups having an unfairly high market share, which could lead to price increases and cost-cutting.
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In face of low investor interest, Lilly again extends $1.4B offer for Point Biopharma
The extension comes amid pushback from several investors, including Point’s largest institutional stock holder.
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Editorial: Hogsett should lead from the front on downtown tax proposal
We’ll leave it up to the elected officials, with input from downtown property owners, to decide whether the downtown tax is a good idea. But we do wish the mayor would lead on this issue and either publicly advocate for the tax or oppose it.
Read MoreLesley Weidenbener: Public officials must be held accountable
It’s so incredibly disappointing to see the news that former state Rep. Sean Eberhart, a Shelbyville Republican, has agreed to plead guilty to a federal charge related to an alleged scheme in which he supported legislation beneficial to a casino company in exchange for a job.
Read MoreJustin Allen: Animal shelter desperately needs more city resources
Local rescue organizations and community partners are stretched beyond their limits. Staff and volunteers are forced to bear immense physical and emotional burdens to ensure even a minimal standard of care.
Read MoreSue Ellspermann and Courtney Roberts: Ivy Tech is making a big impact on Indiana
The Ivy Tech Foundation recently wrapped up its first-ever comprehensive fundraising campaign—a five-year statewide effort called Invest IN Ivy Tech.
Read MorePete the Planner: This Thanksgiving, target stability, not more stuff
This year, I’ve landed on a specific question to consider: Does our quest for more hinder our ability to experience equilibrium? Like I said, I get weird this time of year.
Read MoreBarb Cutillo: Soft skills: Can you demonstrate them on a resume?
This year, I had a graduate student ask an intriguing question: “How do you demonstrate ‘soft skills’ on a resume?”
Read MoreCecil Bohanon and John Horowitz: Economic lessons learned from the speedway
It is the world’s largest single-day sporting event, with over 300,000 in attendance.
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On second try, Westfield City Council OKs move to second-class city status
The change in status means voters in 2027 will elect a city clerk and two additional city council members—one at-large and another representing a sixth district.
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Burnette leaving abruptly as CEO of Newfields after 15 months
Colette Pierce Burnette was hired in mid-2022 to help ease a race-related controversy that involved her predecessor. A press release issued Friday by Newfields gave no reason for her departure.
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Carmel sanitizing device maker 3Oe Scientific files for bankruptcy
The business makes a hand-sanitizing device called Iggy that kills pathogens with ozone-infused water instead of soap or other chemicals.
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Rep. Bob Cherry won’t seek reelection, ending 25 years in seat
The Greenfield Republican, whose district includes parts of Hancock and Madison counties, co-authored the state’s latest biennial budget.
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Starbucks to launch store in Mile Square after leaving Monument Circle
The coffee shop is among several improvements planned for the 11-story office building that is headquarters to Kite Realty Group.
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