Indianapolis Business Journal

A prominent Indianapolis developer is pursuing two projects totaling $32 million that would bring a grocery and 200 apartments to a neglected stretch near 38th and Meridian streets. Scott Olson has details, including relocation of the United Way of Central Indiana headquarters. Also in this week’s issue, Lindsey Erdody charts the wild success of Zoobilation, the Indianapolis Zoo fundraiser now in its 30th year. Hayleigh Colombo explains how 87,000 Hoosier could be affected by new overtime rules. And in Focus, Lindsey has a blowout feature illustrating how the U.S. 31 corridor north of 96th Street is poised for surge in development.

In IBJ’s second annual innovation issue, we approach the titular topic from several angles. Biochemist Richard DiMarchi proves entrepreneurism isn’t solely for the young, having started five companies since retiring from Eli Lilly and Co. Reporter Jared Council takes an aerial view, tracking the growing roster of tech companies located in the heart of downtown. The masterminds behind concert-promotions firm MOKB Presents explain how they created a cluster of entertainment-related companies to help seed local culture. And a Purdue professor leverages the promise of the space age by placing experiments aboard suborbital rockets.

A savvy tax-avoidance maneuver put in place by the late IMS owner Anton "Tony" Hulman has helped pave the way for continued family ownership of the storied track. Also in this issue, an ombudsman appointed by a bankruptcy judge has found more patient-care problems at Nightingale Home Healthcare, and AMC is the latest theater operator with plans to spend millions of dollars to upgrade the movie-going experience.

Tech talent and naming rights on the state’s tallest building were key factors that helped Indianapolis secure an 800-employee hiring commitment from Salesforce.com this month. Jared Council has details from the negotiations. Also in this week’s issue, Anthony Schoettle examines the effect of tee-time brokers—a kind of variation on travel-booking websites—on area golf courses. And in A&E Etc., Lou Harry looks at how Tube Factory Artspace is trying to boost the Garfield Park neighborhood.

This month, the Indianapolis Motor Speedway completed one of the three largest renovations in its 107- year history. Anthony Schoettle has a complete rundown of $92 million in improvements. Also in this issue, Scott Olson details a feud between a local country club and neighbors who oppose plans to turn some unspoiled land into a housing development. And in A&E Etc., Lou Harry hits the new mini-links at Indianapolis Museum of Art.

In the wake of two key departures from “The Bob & Tom Show,” advertisers and radio stations nationwide are keeping a close watch on the ratings. Anthony Schoettle explains what’s at stake. Also in this issue, Scott Olson outlines the city’s approach to making $750 million in sidewalk improvements when only $3 million in earmarked in the annual budget. And in A&E Etc., Lou Harry takes the wheel at Speedway Indoor Karting in an installment of “Try This.”

Roughly half of the big-money donors who helped propel Republican Mike Pence into the Governor’s Office in 2012 appear to be sitting out his re-election effort this year—or are at least waiting to see what happens in his battle with Democrat John Gregg. Hayleigh Colombo digs into the campaign finance records. Also in this week’s issue, Scott Olson reports on a proposed development in Broad Ripple that could become the Village’s tallest. And in Focus, Anthony Schoettle explains how Indianapolis Motor Speedway is working to meet revved-up demand for hospitality events.

After years with little construction activity at City Center in Carmel, four projects are expected to break ground this year that will bring more parking, housing and retail to the city’s core, Lindsey Erdody reports. Also in this week’s issue, Anthony Schoettle forecasts the deluge of political ad money headed for Indiana in advance of the May 3 presidential primary. And in A&E Etc., Mike Lopresti analyzes the Pacers’ chances of advancing in the NBA playoffs.

Hoosiers have more than Donald Trump’s bellicose campaign rhetoric to consider when they vote in the Republican presidential primary. Trump has worked on several projects in Indiana, leaving behind big fans and detractors, Hayleigh Colombo reports. Also in this week’s IBJ, Scott Olson explores how the $1 billion Methodist Hospital revamp could spur a housing rush in the area. And Lindsey Erdody examines five major road projects with overlapping timelines along the I-69 corridor.

Plans for a massive Fishers sports complex that its developers said would attract Olympic athletes, NCAA Division II and III teams and a minor-league hockey franchise have seen almost no progress since being unveiled a year ago. Lindsey Erdody takes stock of the project. Also in this week’s issue, Scott Olson details plans for a new downtown hotel that would incorporate the city’s oldest African-American church. And in A&E Etc., Philly-phile Lou Harry weighs in on Hoagies & Hops.

Eli Lilly and Co. is making a play for a market expected to grow to $80 billion by 2020. But to make a dent with its new drug for arthritis, the pharmaceutical giant must prove it’s better than the proven medicines already prescribed, John Russell reports. Also in this week’s issue, Anthony Schoettle takes stock of Visit Indy’s strategy to sink all of its marketing funds for city tourism into digital content. And in A&E Etc., Lou Harry explores the blockbuster exhibit dedicated to 200 years of Indiana art.

Fishers has become a mecca for tech companies, but it didn’t happen overnight and it didn’t happen by accident. Lindsey Erdody explains how Mayor Scott Fadness and launch Fishers CEO John Wechsler shaped an environment for supporting startups. Also in this week’s issue, Lou Harry talks with violinist Zach De Pue about his decision to leave Time for Three just as the group crossover group is developing a national reputation. And Jared Council reports on efforts to start coding programs for young girls and minorities.

Sen. Luke Kenley, R-Noblesville, helps hold the purse strings to the $30 billion state budget, which for some folks might feel like a noose. But Kenley, Senate Republicans’ chief budget writer, is an expert at pulling strings and drawing the line, as Hayleigh Colombo write in her profile of Kenley. Also in this week’s issue, Scott Olson charts the boom in breakfast spots in central Indiana, and Anthony Schoettle explains why crisis communications guru Myra Borshoff decided to hang out her shingle again after retiring in 2014.

The problems at Tindley Accelerated Schools didn’t go away when Chancellor Marcus Robinson resigned. If anything, the change served only to highlight the challenges still facing the once-lauded charter school system, Hayleigh Colombo reports. Also in this week’s issue, John Russell looks deeper into the Athlete’s Business Network and the credentials of its management team members as the group proposes a $500 million sports-medicine complex. And in A&E Etc., Mike Lopresti runs some intriguing scenarios for Indiana teams during March Madness.

A real estate company that is a newcomer to Indianapolis is making a splash with a $260 million development proposal for a site that Indianapolis Public Schools is selling. Find out more about Hendricks Commercial Properties and the money behind it. Also read about the struggles ahead as the city works to find new uses for the Carrier HVAC plant. In addition, read about a red-hot maker of miniature replicas of cars from film and TV, including "Blues Brothers" and "Starsky and Hutch."

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.

Indianapolis TV stations have been thrown for a loop on two fronts: the addition of a fifth broadcaster with a full plate of news programming, and a new ratings system that has confused advertisers. Anthony Schoettle takes stock of the shifting TV landscape. Also in this week’s issue, John Russell checks in on the Harding Street Station as it burns its last nuggets of coal. And in A&E Etc., Lou Harry appreciates an Asian staple at Ramen Ray.

This week, IBJ unveils the members of its Forty Under 40 Class of 2016—a collection of unusually accomplished young professionals who already are making vital contributions to life in Indianapolis. Also in this issue, John Russell diagnoses the looming nursing shortage in central Indiana. And in A&E Etc., Lou Harry reviews local stage productions of “To Kill a Mockingbird” and “Sweeney Todd.”