Indianapolis Business Journal

The $1 billion hospital complex planned for 96th Street in Carmel is just the latest evidence that central Indiana’s health care construction binge is continuing full throttle. John Russell reports that some in the health care industry are afraid that all of this construction could push up the cost of care. Also in this week’s issue, Lindsey Erdody examines the big influx of female candidates for political office, sparked in part by the 2016 presidential election and the #MeToo movement. And in Explore, Lou Harry charts the evolution of ComedySportz Indianapolis.

Downtown residents and office workers have been clamoring for a Target for decades, and the impending exit of Carson’s from Circle Centre mall could be a tempting spot for retailer. But there’s another option downtown that might make even more sense, Greg Andrews reports. Also in this week’s issue, Scott Olson explains how proposed state legislation could pop the cork on more alcohol permits for growing sections of the Indy area. And in IBJ’s new Explore section, we explore the boomlet in bar-based, pop-culture trivia contests.

The members of this year’s Forty Under 40 class include Gov. Eric Holcomb’s legislative director, an entrepreneur who trains kids to be ninjas, and one of the journalists who broke the USA Gymnastics scandal. Meet all 40 of this year’s overachievers here. Also in this week’s issue, John Russell tries to suss out whether Anthem Inc. is still committed to keeping its headquarters in Indianapolis as it vacates its Monument Circle home and builds an office tower in Atlanta. And in A&E Etc., Lou Harry reviews the much-anticipated Ukiyo from chef/restaurateur Neal Brown.

The luxury home market in the Indianapolis area is hot—and possibly getting hotter. Scott Olson explains why big-ticket houses are selling in eye-popping numbers. Speaking of big figures, the tax incentives offered to Amazon to located its HQ2 project in the Indy area likely reach to $500 million, according to an analysis by IBJ’s Hayleigh Colombo. And in A&E Etc., Mike Lopresti tracks the gaudy numbers being posted by hoops sensation Romeo Langford.

Everybody knows that landing Amazon’s secondary headquarters would be a game-changer for any city. IBJ asked economists to sketch out some specifics about how HQ2 would change central Indiana. Also in this week’s issue, Lindsey Erdody explores how local not-for-profits are preparing for changes in charitable giving due to tax reform. And in A&E Etc., dining critic Lou Harry reviews Three Carrots, the new vegetarian oasis on Virginia Avenue.

As the Indiana Department of Transportation moves forward with plans for a major construction project at the north split of interstates 65 and 70, a grassroots coalition of residents with concerns about the project’s impact on surrounding neighborhoods is also gaining steam. Susan Orr reports on the effort to make the state hit the brakes and review its options. Also in this week’s issue, John Russell explains how Eli Lilly and Co. is shifting its strategy for filling its drug pipeline. And in A&E Etc., Lou Harry reviews a new outpost for Basque cuisine above Brugge Brasserie.

Thanks to a blockbuster donation, the Great American Songbook Foundation now has the expensive responsibility of maintaining the 107-acre Asherwood estate, including paying a nine-person maintenance staff. Lindsey Erdody examines the implications for the small not-for-profit. Also in this week’s issue, Anthony Schoettle reveals the unusual reason why plans for a $25 million skating complex in Greenwood have stalled. And in Focus, IBJ asks several local investment advisers to forecast the fate of the current bull market.

City and hospitality officials have started laying the groundwork for development of what would be one of downtown’s largest hotels, an effort to accommodate demand for rooms booked for conventions and other big events by Visit Indy. Anthony Schoettle explains how officials are trying to move the effort forward. Also in this week’s issue, Lindsey Erdody has the lowdown on the biggest gifts given to Indiana not-for-profits in 2017, with one clear winner. And in A&E Etc., Lou Harry reviews Crispy Bird, the latest concept from the Patachou family of eateries.

Central Indiana lost some of its most prominent locally based companies in 2017, including Marsh and HHGregg, while Salesforce put its name on the state’s tallest building and tech giant Infosys announced it would bring 2,000 jobs to Indianapolis. Those stories made IBJ’s year-in-review issue, which is combined with our annual Book of Lists.

Victor Oladipo has gone from good to great in his transition from the Oklahoma City Thunder to Indiana Pacers. Anthony Schoettle reports that his all-star-caliber play and natural charisma help the team in myriad ways and make him a tantalizing candidate for sponsorships. Also in this week’s issue, Mike Lopresti calls on some of the best-recognized voices in the state to share stories of broadcasting sports for a living. And in A&E Etc., Lou Harry reviews the new outpost for Matteo’s Ristorante Italiano.

When downtown’s upscale Cerulean stops serving on Dec. 31, it will mark the end of a brutal year for the local restaurant industry marked by an unusually high number of closings. Scott Olson links the local situation to the national restaurant recession. Also in this issue, Lindsey Erdody reports that Westfield is moving forward with a proposal from the mayor’s nephew to construct a baseball training facility at Grand Park Sports Campus. The curve ball: A local baseball training academy says it pitched a similar plan to the mayor before the city decided to seek proposals. And in A&E Etc., Lou Harry reviews two new breakfast spots in Carmel and Irvington.

Three residential projects planned south of bustling Massachusetts Avenue could bring about $25 million of new investment and even more density to the growing area. Scott Olson has details. Also in this week’s issue, Susan Orr examines the central challenge facing car-sharing program BlueIndy: How do you succeed when so many potential customers are unaware of, uninterested in, or even intimidated by what you’re trying to sell? And in A&E Etc., Lou Harry attempts to achieve a peak experience at TopGolf.

One little bar, barely the size of a rail car, has anchored mighty Mass Ave throughout its 35-year renaissance—and arguably has been its single most important property. Sam Stall explores the significance of The Chatterbox and gets the lowdown on what owner David Andrichik has planned for the future. Also in this week’s issue, Anthony Schoettle explains how Inside the Hall has become one of the most important sources of information on IU hoops. And in A&E Etc., Lou Harry reviews Prodigy Burger & Bar in Carmel.

Downtown Indy is encountering resistance from some big property owners to its plan to raise about $3 million annually for the Mile Square through a new fee. Scott Olson explains what’s behind the pushback. Also in this week’s issue, Hayleigh Colombo explains how Gov. Eric Holcomb proposes to boost Indiana’s tech sector with a tweak to state law. And in A&E Etc., Lou Harry reviews Stella, the latest offering from chef and restaurateur Neal Brown.

Linton Calvert never seriously entertained the unsolicited offers he received over the years for the iconic Fountain Square Theatre Building, until presented with the one he couldn’t refuse. Scott Olson has the story on the sale and what to expect next at the landmark property. Also in this week’s issue, Lindsey Erdody reports that Fishers leaders are fed up with a state-mandated tax formula that favors Carmel over their city. And in A&E Etc., Lou Harry reviews the new food offerings available at Bankers Life Fieldhouse.

As vendor contracts expire at Indianapolis International Airport—and a slew of them lapse at the end of 2018, a decade after the terminal’s opening—officials are embarking on a project to freshen up the retail and restaurant offerings. Susan Orr explores what’s in store. Also in this week’s issue, Scott Olson gets a handle on the slowing growth of the craft-brew industry. And you can learn about 22 local leaders of distinction in our Women of Influence section.

Pacers Sports & Entertainment finished a record year this summer—not on the court but in the management of Bankers Life Fieldhouse. Anthony Schoettle explains how the company scored with revenue from non-Pacers and non-Fever events. Also in this issue, John Russell explains how Eskenazi Health has been earning national raves with its new emphasis on serving healthier and better tasting food. And in A&E Etc., Lou Harry has a review of John Green’s new book, “Turtles All the Way Down.”<

Trucking giant Celadon is in retreat—canceling its $28 million headquarters in Mount Comfort, selling off its flatbed unit, and outsourcing its driver schools—so it can refocus on its core business just as the industry is expected to boom. Susan Orr explains what’s behind the retrenchment. Also in this week’s issue, Hayleigh Colombo reports the shocking findings of a Sagamore Institute study showing the poverty rate in Marion County nearly doubled over 15 years. And Lindsey Erdody attempts to straighten out the confusion over city boundaries in the northern suburbs.<