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Articles

Crowdfunding campaign seeks to move historic house

August 22, 2014

Nickel Plate Arts and the Noblesville Preservation Alliance are kicking off a $115,000 crowdfunding campaign to move the historic Flanagan House in Fishers.

New Grand Park in Westfield already $6M over budget

August 21, 2014

The Westfield City Council this month voted 5-1 to lend the project $6 million from a city infrastructure fund, money that the administration said would be repaid through future sponsorship revenue and possible litigation windfalls.

Will a new app disrupt snow, lawn-care businesses?

August 7, 2014

Starting this month, Indianapolis area residents and business owners can order up lawn mowing and snow plowing services through an app.

UPDATE: City board approves recycling deal with Covanta

August 6, 2014

Despite heavy lobbying from opponents, the Indianapolis Board of Public Works on Wednesday voted 4-1 in favor of a contract extension with incinerator operator Covanta that will make the company the city’s main household recycling provider for the next 14 years.

City’s Covanta deal discourages rival recycling programs

August 4, 2014

Details of a pending recycling deal with Covanta are emerging. Under the pact, the city of Indianapolis would face financial penalties if it launches other recycling programs.

Company news

July 28, 2014

The Indiana University School of Medicine plans to hire 100 research professors over the next five years in a bid to vault into the top 25 medical schools. If successful, that recruitment drive could boost by 15 percent the number of research-oriented faculty at IU and bring in an extra $35 million to $40 million in annual research funding. If the plan plays out as Dean Dr. Jay L. Hess hopes, the school could become a closer partner with drugmaker Eli Lilly and Co., medical-device maker Cook Group Inc. and other major life sciences companies. Hess’ plans are actually a bit more modest than those advanced by his predecessor, Dr. Craig Brater, who retired last year. Brater wanted IU to become one of the 10 most richly funded medical schools for research, up from about 40th now. To get there, he estimated, the school needed to recruit 400 researchers, on top of the 700 it employs today. But Hess noted that IU would need hundreds of millions of dollars more per year in funding from the National Institutes of Health—IU receives about $100 million per year—to reach that level.

Four doctors who supposedly ran a system of clinics aimed at helping addicts kick painkillers were illegally selling a drug that's supposed to aid in rehabilitation, federal authorities said Friday after raiding the doctors’ clinics in Carmel, Noblesville, Muncie, Kokomo and Centerville. According to the Associated Press, Dr. Larry Ley, 68, of Noblesville, was being held on $1 million bond on drug-dealing charges in Hamilton County Jail. Prosecutors say Ley led the operation. A dozen additional suspects, including three other doctors, are under arrest or sought by police. The probable cause affidavit said patients would go to clinics operated by organizations called the Drug and Opiate Recovery Network or Living Life Clean and pay cash for prescriptions of Suboxone, a drug that can be used to treat addictions to opioid painkillers or heroin. The clinics did not accept insurance. Patients allegedly did not undergo medical or mental exams, and weren't asked to provide medical histories. Office employees allegedly handed out pre-signed prescriptions, the affidavit alleges. In 2013, Ley allegedly wrote nearly 8,500 prescriptions, generating an income of $718,000, the affidavit says.

Terre Haute-based Union Health System will cut 150 positions system-wide by the end of the year, according to the Tribune-Star. The cut represents a 5-percent reduction of the system’s 3,000 workers and is projected to produce savings of $200 million by 2020, according to a letter sent Thursday by CEO Pat Board to the hospital system’s employees. “We face numerous challenges due to changes in the healthcare environment and its impact on Union Health System, which include a shift to more outpatient services and declining reimbursement." Union Health includes Union Hospital in Terre Haute and Union Clinton Hospital in Vermillion County north of Terre Haute in western Indiana.

Community Health Network Foundation has been awarded a $1.5 million federal grant to discover ways to deliver better care at lower cost while strengthening its nursing staff. The Health Resources and Services Administration grant will fund a three-year project to encourage nurses to deliver care as teams at Community East Family Medicine Center and then replicate the model they create at seven Community hospitals and other sites of care. The grant covers 88 percent of the project’s estimated costs, and Community will provide the balance of the funding.

Dow AgroSciences LLC reported second-quarter sales of $1.9 billion, an increase of 3 percent over last year's second period. The Indianapolis-based subsidiary of Michigan-based Dow Chemical Co. reported quarterly earnings before interest, taxes, depreciation and amortization, or EBITDA, of $281 million. That was down $9 million, or 3 percent, from a year ago. Crop-protection sales rose 3 percent in the quarter, led by insecticides, which reported double-digit gains in all regions. Quarterly seed sales increased 3 percent, with growth in corn and soybeans in North America and Latin America.

Sheridan OKs rezoning to recruit growing business

July 25, 2014

A divided Sheridan Town Council agreed Thursday to rezone about 50 acres of land along State Road 47 to allow for industrial uses—clearing the way for a multimillion-dollar business expansion.

Indiana tourism group sharpens mission

July 24, 2014

New director changes organization’s name, launches initiatives catering to businesses.

Competition soars at Indianapolis-area airports

July 16, 2014

An airport near Zionsville is upping the ante for Indianapolis International Airport reliever fields.

Ex-Hoosier funnels millions back home to local tech firms

July 2, 2014

West Coast investor Parker Hinshaw and his wife, Jean Balgrosky, in 2012 founded San Diego investment firm Bootstrap Incubation LLC and in 2013 the Bootstrap Venture Fund, which have funded three Indiana companies in less than a year. A fourth deal is about to close.

Why hospitals leave the inner city, in one chart

June 23, 2014

Since hospitals lose money on just about every patient except those with private insurance, they have been closing inner-city facilities and opening new facilities in the suburbs for the past four decades.

Westfield scores $20M indoor soccer facility, restaurant

June 21, 2014

Real estate developer Holladay Properties plans to build a $20 million indoor soccer facility at Westfield's Grand Park, providing a year-round venue at the sprawling sports campus—and a home for south-side institution Jonathan Byrd's first restaurant in Hamilton County.

Coalition fights Ballard plan to shake up curbside recycling

June 9, 2014

Incinerator operator Covanta is close to announcing a proposal to build a $40 million material recovery facility in Indianapolis. Recycling industry leaders oppose the plan.

Crowds rocking at Klipsch Music Center following slump

June 5, 2014

The amphitheater sold almost 570,000 tickets to 34 shows last year, the most in recent history, as the live-entertainment industry rebounded from a recession-related slump. Ticket sales at Klipsch were up 60 percent from 2011, when it scheduled about 10 fewer events.

Tiny Sheridan girds for inevitable growth

June 4, 2014

The tiny Hamilton County community is mindful of sprawl in Carmel and Fishers, and is determined to absorb growth on its own terms.

Indy’s Evolution: Johnson County steps up growth chase

May 29, 2014

The county south of Indianapolis was king of the suburbs in the 1970s, but now has fallen far behind Hamilton to the north in population and income, and in recent years slipped behind Hendricks County to the west.

Aging suburbs facing long road back

May 15, 2014

Poverty is encroaching on the outer townships of Marion County, adding to their handicap in the competition with doughnut counties, where houses are newer, and sidewalks, sewer connections and bike paths come standard.

Strapped schools are wheeling and dealing with municipalities

May 15, 2014

State-mandated tax caps are putting additional pressure on public budgets—and spurring local governments to take unusual steps to help their cash-strapped schools.

Indy’s most profitable hospitals, revisited

May 8, 2014

On the eve of Obamacare, almost no central Indiana hospitals were having trouble making money. Hip replacements, heart surgery and Hamilton County were the biggest drivers of profits.

Removing false homestead exemptions to yield bonanza

April 22, 2014

Marion County stands to receive tens of millions of dollars from property owners who’ve been claiming false homestead deductions when this spring’s tax bills are collected.

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