Indianapolis Business Journal

OCTOBER 21-27, 2013

In this week's issue, Anthony Schoettle reveals that Indiana University officials are seeking as much as $20 million to upgrade the Natatorium on the IUPUI campus and are in discussions to turn over operations to a third party. (The aquatics venue is in dire need of upgrades and is losing about $1 million per year.) Also, J.K. Wall takes a closer look at the premiums being offered to Indiana residents through Obamacare exchanges, which are among the most expensive in the country. And in A&E, Lou Harry appraises the blockbuster Matisse exhibit at IMA.

Read More

OCTOBER 14-20, 2013

You didn't need to be a professional prognosticator to see this coming: Ratings for newscasts on WTHR-TV Channel 13 have surged since meteorologist Angela Buchman debuted, following her exit from competitor WISH-TV Channel 8 last year. IBJ's Chris O'Malley reports that numbers are very persuasive, as ratings for all of 13's evening newscasts have soared by double digits. Also in this issue, Anthony Schoettle reports that the Indiana Pacers are the first team in the NBA to score a deal for advertising on its court (outside of naming-rights sponsors). And in Focus, Jeff Newman has new details on the proposed Market Square Tower, which could be the first major addition to Indy's east-side skyline in decades.

Read More

OCTOBER 7-13, 2013

This week, Scott Olson reports that the 19-building Precedent Office Park near Keystone Avenue and south of 96th Street has been put on the market, just eight years after selling to its current owner for $143 million. In Focus, J.K. Wall illustrates how technology could dramatically change the way doctors keep patients healthy. And in Forefront, columnist Sam Odle warns that Indiana will begin to wither if our leaders don't do more to attract immigrants to the state.

Read More

SEPT. 30-OCT. 6, 2013

Boomers are ready to sell the suburban homes where they raised their kids and buy more modest abodes, but are hitting a disconnect in the housing market: Many of today's young families don't want to live in a subdivision or can't afford what the boomers are asking. IBJ's Norm Heikens documents their struggles. Also this week, we present IBJ's annual Meeting & Event Planners Guide, including stories about the growing influence of youth sports on tourism and the challenge of filling Indy's new convention center. And in A&E, Lou Harry checks out IRT's production of "The Crucible," which casts off the shackles of allegory and finds its power in the characters' complexity.

Read More

SEPTEMBER 16-22, 2013

Everybody knows that Indiana has a problem with brain drain—keeping its talented graduates in-state—right? Wrong. IBJ's J.K. Wall has debunked the conventional wisdom—and the findings of a major study—to show that Indiana actually holds onto a good share of its graduates. Tackling another bit of conventional wisdom, IBJ's Kathleen McLaughlin takes a closer look at the planned nonstop flights between Indianapolis and San Francisco and finds that they aren't as convenient for tech executives as advertised. And Anthony Schoettle finds a local inventor who has discovered that waterlogging doesn't necessarily mean the death of a smartphone.

Read More

SEPTEMBER 2-8, 2013

This week, J.K. Wall examines Mitch Daniels' uphill battle to change the way Purdue University measures student learning, graduate success and the school's overall academic quality. After a year in the job as university president, Daniels still faces skepticism from faculty who view his quantitative approach, miserly style and political bent as counterproductive. In Focus, we present our annual list of the top real estate brokers in central Indiana, with in-depth info on their transactions for 2012. And in Forefront, state legislators go head-to-head in a debate over the best methods to improve the Indiana's economic outlook.

Read More

AUGUST 12-18, 2013

The upcoming MotoGP motorcycle race could be the last at the Indianapolis Motor Speedway, as NASCAR officials lobby instead for a stand-alone race for a newly merged sports-car series. Anthony Schoettle has more on the United Sports Car Series that will kick off in 2014, and the impact in Indianapolis of losing MotoGP. Also this week, Andrea Davis has an inside look at two redevelopment ideas for a seven-acre parcel near Carmel's downtown. The catch is that the projects—priced $33 million and $65 million, respectively—each would require a funding kick from the public. And in A&E, Lou Harry surveys the new goodies offered by food vendors at the Indiana State Fair.

Read More

AUGUST 5-11, 2013

In this week's issue, we have a number of pieces focusing on the city's approach to crime, including news that the tax-averse Ballard administration is willing to consider an income-tax hike to add more police officers. Also this week, Chris O'Malley takes a look at a recent stumble by City Securities Corp., which could lose its grip on the Indiana municipal bond market. And Scott Olson examines the flood of new downtown apartment projects and their possible effect on the retail market. The projects will add another 170,000 square feet of apartment-anchored retail, leading to a potential glut as existing downtown storefronts struggle to find tenants.

Read More

JULY 22-28, 2013

Indianapolis is in the final stages of preparing a bid for the 2018 Super Bowl, but it's not a done deal. Anthony Schoettle picks the brain of bid committee leader Allison Melangton to unpack the factors that could keep the city from entering the hyper-competitive fray. In Behind the News, Greg Andrews explains why investment advice juggernaut Oxford Financial Group was ordered to pay $2.2 million to an unsatisfied client. And in Focus, Chris O'Malley communes with luxury car afficionados in the nine-county area and reveals which communities have the greatest concentrations of Jaguars, Acuras, Teslas and the like.

Read More

JULY 15-21, 2013

Sponsorships are what make IndyCar run, and the open-wheel racing series has just been dealt a blow in its search for a new major sponsor. Anthony Schoettle reports that the executive in charge of corporate sales has resigned just as the series has entered the home stretch of the selling season. Kathleen McLaughlin has an update on Ball State University's new $4.6 million planetarium project, and charges from a contractor that the bidding process was rigged. And in Focus, Jeff Newman dials down in detail the massive process of building Westfield's Grand Park Sports Campus, turning 360 acres of undeveloped land into 57 sport fields.

Read More

JULY 8-14, 2013

This week, learn how former Indiana Pacers forward Jonathan Bender turned his career-ending knee injury into the inspiration to become an entrepreneur and develop a medical device for strenthening the lower body. Speaking of inventions, Dan Human reports on the hundreds of patents produced through Indiana's universities over the last 20 years, and a gaping disconnect with the private sector: Many of these developments are simply irrelevant to Indiana's strongest industries. And in A&E, Lou Harry returns to the hallowed Pawn Shop Pub to see how the food fares in the post-smoking ban atmosphere.

Read More

JULY 1-7, 2013

This week in IBJ, two CEOs of the area's big hospital systems reveal that their doctors are likely to see pay cuts in the next few years, unless they find new ways to be significantly more efficient. J.K. Wall reports that hospitals are losing millions of dollars on their employed physicians, and that Obamacare and budget battles in Congress are sucking money away from hospitals as well. In Forefront, Indianapolis Mayor Greg Ballard and Terre Haute Mayor Duke Bennett go head-to-head on the question of whether Indianapolis gets more than its fair share from the General Assembly. And in A&E etc., Lou Harry explains why the "Avatar" exhibit at The Children's Museum of Indianapolis is so much better than the 2008 movie.

Read More

JUNE 24-30, 2013

This week, Anthony Schoettle reports on a classic David-and-Goliath story from Lebanon, where a father-and-son team of engineers developed a ground-breaking innovation in manufacturing and then ran up against an industry conglomerate that apparently stole the technology. Their patent-infringement case has yielded a stunning victory and, potentially, tens of millions of dollars. In Focus, Scott Olson cozies up to the moneyed class and discovers that the market for vacation homes is heating up in Indiana, as buyers encounter fair-market prices on the states many lakes. And in A&E, Lou Harry is successful in his quest for Broadway-quality entertainment with Bob Harbin's production of "Spamalot."

Read More