Host Mickey Shuey unpacks the high-stakes arrival of the 2025 WNBA All-Star Weekend in Indianapolis—and explores what it means that the league's biggest star, Caitlin Clark, is sidelined. With thousands descending upon the Circle City. Featuring interviews with WNBA Chief Growth Officer Colie Edison, USA Today columnist Christine Brennan, sports marketer Ken Ungar, and leaders from Visit Indy, Indiana Sports Corp., and Pacers Sports & Entertainment, this episode dives into the marketing, civ...
Jul 18, 2025•38 min
We’ve hit a head-spinning milestone in the history and development of women’s basketball in Indiana. This week, Indianapolis is hosting the WNBA All-Star Game and all of its related festivities, coming amid an unprecedented surge in popularity for women’s basketball. The top vote-getter for the game is Caitin Clark of the Indiana Fever—a team that now sells out an 18,000-seat arena for nearly every game. The international media is here, and everyone is talking about the potential for players’ sa...
Jul 14, 2025•55 min
Independent bookstores have been on the retail death watch for a few decades now. But, as one American author might put it, reports of their impending demise have been greatly exaggerated. For many, the recipe for success is local ownership, strict attention to local needs and concerns and calendars packed with special events to help create a sense of community. This is what Tiffany Phillips has found over nine years as founder and owner of Wild Geese Bookshop in Franklin. Phillips had a well-es...
Jul 07, 2025•1 hr 1 min
Coming after the baby boomers, Generation X is often referred to as “the forgotten generation,” the self-reliant generation and perhaps the last free-range generation. Today, you certainly could argue that it's becoming the financial-panic generation. The first Gen Xers hit the workforce right around the time pensions gave way to 401(k) accounts with self-directed invested assets. Recent studies indicate that Gen Xers who have retirement accounts have saved on average somewhere in the neighborho...
Jun 30, 2025•51 min
Nearly one year ago—July 1, 2024—the urban university in downtown Indianapolis known as IUPUI—or Indiana University-Purdue University at Indianapolis—officially split into two separate campuses. This created Indiana University Indianapolis, a standalone campus in the IU system, and Purdue University in Indianapolis, which is considered an extension of Purdue’s main campus in West Lafayette. IU Indianapolis took the vast majority of the land and buildings considered part of IUPUI. The school is f...
Jun 22, 2025•42 min
Indianapolis-based housing developer Onyx + East recently scored a three-peat on IBJ’s annual list of fast-growing companies—all of which were on the watch of CEO Kelli Lawrence. She took the top job in 2019, when its annual revenue was about $19 million. By 2024, its annual revenue had climbed to $90 million—a nearly 375% increase over five years. Founded in 2015 as an offshoot of Indianapolis-based apartment developer Milhaus, Onyx + East has specialized in for-sale housing such as townhomes, ...
Jun 16, 2025•48 min
Doug Boles already had his dream job as president of Indianapolis Motor Speedway since 2013. Then Roger Penske, owner of both IMS and the IndyCar Series, asked him to be president of IndyCar following the departure of Jay Frye in February. The pitch: Boles would retain his first job while also taking on the second. “It wasn’t something that I expected,” Boles says in this week’s edition of the IBJ Podcast. “When Roger Penske calls you and says, ‘I need your help,’ you don’t usually say, ‘No.’ Yo...
Jun 09, 2025•49 min
With an estimated value of $4.8 billion, the Indianapolis Colts franchise is arguably the best-known family-owned business in Indiana. While we reflect on the passing of team owner Jim Irsay, who had significant influence on building the physical plant and identity of modern Indianapolis, we have the luxury of knowing that three more Irsays are in a position to continue that work and stewardship of the team. Daughters Carlie Irsay-Gordon, Kalen Jackson and Casey Foyt already are co-owners of the...
Jun 02, 2025•44 min
The week between qualifying for the Indianapolis 500 and the actual race is usually pretty quiet from a news perspective. But there’s nothing usual about the last week in this year’s Month of May. Major penalties assessed to two cars owned by Team Penske—including the car driven by two-time defending champion Josef Newgarden—inflamed long-running concerns about Roger Penske’s ownership of both the IndyCar Series and arguably its most successful team. In an extraordinary press conference on Monda...
May 23, 2025•48 min
You may have become so used to them that you no longer notice, but snaking through downtown Indianapolis’ northwest quadrant are the remains of a revolutionary public transit system that transported riders on elevated tracks 30-feet high. It was called the People Mover, developed for $44 million by Clarian Health Partners, the hospital system now known as Indiana University Health. From its launch in 2003 to 2019, it recorded roughly 6 million rider trips on a 1.4-mile track running between Meth...
May 19, 2025•23 min
These are uncertain times for the U.S. economy. We’re in a grace period for many of the Trump administration’s promised tariffs on dozens of trading partners. U.S. consumer confidence plunged again in April, hitting its lowest level since October 2011. First-quarter gross domestic product for the U.S. hit negative territory for the first time since the first quarter of 2022. On May 7, the Federal Reserve again opted to hold interest rates at the same level, wanting to wait and see how President ...
May 12, 2025•35 min•Ep. 352
In the early hours of Friday, April 25, Indiana legislators passed a $46.2 billion budget for state expenses over the next two years—specifically, from July 1, 2025, to June 30, 2027. Legislators knew going in that state revenue to fund the budget would be tight, and they got a nasty revenue forecast with about a week to go in the session. The last week of a budget-writing session is usually pretty hectic, and this one had plenty of surprises as lawmakers tried to find ways to generate more tax ...
May 05, 2025•1 hr 10 min•Ep. 351
Any day now, a federal judge is expected to give final approval to a $2.8 billion settlement of three antitrust lawsuits that could dramatically alter the landscape of college sports. And given the tumult since the creation of the transfer portal and name, image and likeness opportunities for athletes, that’s saying something. In addition to awarding damages to athletes over the last decade who lost out on NIL opportunities, the settlement agreement lays out a framework for compensating athletes...
Apr 22, 2025•44 min•Ep. 350
Comparing company employees to a sports team is a well-worn management trope, but Kelley Gay knows as well as anyone the value of translating the experience of a championship-level athlete to the corporate world. She graduated from one of the most lauded team cultures in the history of college athletics: the University of Connecticut’s women’s basketball program. In 1995, Gay played forward on UConn’s first women’s national championship team. Earlier this month, the UConn women’s program won its...
Apr 21, 2025•46 min•Ep. 349
This week’s IBJ Podcast features a conversation from our Forty Under 40 awards breakfast last week with Maureen Weber, the winner of this year’s Alumni Award. Maureen was originally a Forty Under 40 honoree in 2010. Back then, she had just finished reorganizing the Indiana Department of Education and had taken a job as director of community outreach and engagement at Clarian Health, now Indiana University Health. Sixteen years later, Maureen is president and CEO of Early Learning Indiana. She sa...
Apr 14, 2025•22 min•Ep. 348
In this era of online entertainment, you could switch to a steaming service this very second and watch one of many classic movies filmed in Indiana. You would be hard-pressed to find many movies and TV shows that recently were filmed in Indiana—even those where the stories are set in Indiana. Other states, including several of our immediate neighbors, have been much more aggressive than Indiana in offering financial incentive to filmmakers, TV producers and commercial creators. In 2022, Gov. Eri...
Apr 07, 2025•36 min•Ep. 347
Neelay Bhatt was born in Mumbai, India, and didn’t move to Indiana until 2006, after he finished a graduate degree in sports administration. But he found a home here because he speaks the language of sports and developed a strong network of local sports executives. In 2023, he founded a consultancy in Carmel that focuses in part on master planning, strategic planning and business planning, which it has been engaged to do for a massive sports and leisure destination in Portugal. Meanwhile, Bhatt ...
Mar 31, 2025•43 min•Ep. 346
If you’re of a certain age—or you anticipate being of a certain age—and you’ve been keeping up with the news lately, there’s a lot out there that can trigger your anxiety. Today we’re going to talk about Social Security. As you likely know, Social Security provides a modest amount of money every month to retirees from a fund that collects payroll taxes on those who are still working. Here’s the first problem: The ratio of people who are employed to people who are retired has shrunk significantly...
Mar 24, 2025•42 min•Ep. 345
Joey Graziano was an executive vice president for the NBA with global responsibilities when he began working with Pacers Sports & Entertainment on the 2024 NBA All-Star Weekend in Indianapolis. The way he tells it, Graziano soon became convinced that the Indiana Pacers, Indiana Fever and the city of Indianapolis on the whole presented enormous potential for growth. Six months ago, he left the NBA and became the executive vice president of strategy and new business ventures for Pacers Sports ...
Mar 17, 2025•50 min•Ep. 344
Scott Lingle grew up in Indianapolis with parents who were always looking for ways to bring in extra money and eliminate debt. Their entrepreneurial pursuits included flipping more than a dozen houses and rehabilitating a host of other products for resale. Scott Lingle knew early on that he wanted to be in sales. After a distinguished career in the insurance industry, he took a big entrepreneurial leap. In 2015, he co-founded Remodel Health, which after initial growing pains became one of fastin...
Mar 09, 2025•51 min•Ep. 343
Based in Indianapolis, the Schahet family has been managing and developing hotels since the 1960s. The family firm Schahet Hotels currently has nine properties in its portfolio, mostly in central Indiana, with a 10th hotel under construction in Muncie and an 11th in the final planning stages. There’s still room in the lodging industry for mom-and-pop hoteliers—although in this case it was father and son—who can amass significant holdings in particular niches and geographic areas. Family operator...
Mar 03, 2025•48 min•Ep. 342
Indiana has been a national leader in historic preservation for decades. Hoosiers have a strong record for studying, cataloguing and saving homes, churches, farms, factories, covered bridges, monuments, courthouses, hotels, libraries and even entire commercial districts and neighborhoods deemed to have historic value. Since being founded in 1960, the nonprofit group Indiana Landmarks has promoted and supported historic preservation efforts, often positioned at or near the center of major project...
Feb 24, 2025•50 min•Ep. 341
Podcast listeners might remember about three months ago when regular guest Pete the Planner predicted that President Donald Trump’s plans for tariffs could have a pronounced effect on some elements of Indiana’s economy. Trump wasted little time once his second term began last month, imposing or thratening to impose a barrage of tariffs on many of America’s trading partners—and in particular Canada, Mexico and China, who are among Indiana’s top six importers of goods. For example, on Feb. 1, Trum...
Feb 17, 2025•33 min•Ep. 340
You don’t need to be too technically savvy to pick up on the charged atmosphere surrounding large-scale data centers. Various technology-heavy industries need data centers as a kind of way station and storage point for all the electronic information they generate and process. As technology evolves at a breakneck speed, the size of these centers grows. In October, the financial firm Blackstone forecast that over the next five years, the United States will see $1 trillion in data center investment...
Feb 09, 2025•34 min•Ep. 339
Founded in central Indiana, Marsh Supermarkets Inc. at its peak operated well over 100 stores, with a critical mass in the nine-county Indianapolis metro area. In 2017—11 years after a private equity firm took ownership—just 63 stores remained. Marsh declared bankruptcy in May 2017. From those 63 stores, Marsh closed the majority and sold 26 to Kroger and Needlers. That left a lot of cavernous retail real estate on the market in the Indianapolis area, often occupying sites in shopping centers re...
Feb 03, 2025•34 min•Ep. 338
It’s time to unpack the latest developments in Mayor Joe Hogsett’s plan to establish a Major League Soccer team in downtown Indianapolis. Among other things, the team needs a stadium to play in. The city earmarked about 16 acres in the southeast quadrant of the Mile Square and held discussions with MLS officials. We were left with a cliffhanger: Can the city get state approval for the taxing district that would help pay for the stadium? That’s where we’ll kick off this week’s edition of the IBJ ...
Jan 27, 2025•42 min•Ep. 337
The official release date of this episode is Jan. 20, which not coincidentally is Inauguration Day. President Trump will outline his vision for second term, but we already have a sense of what to expect in terms of economic policy. Four of the biggest themes are prioritizing tax cuts, decreasing regulation in several major industries, increasing tariffs on imported goods from trading partners Mexico, Canada and China, and cracking down on illegal immigration. And in fact, podcast host Mason King...
Jan 20, 2025•32 min•Ep. 336
After five years leading apartment development for Indianapolis-based real estate firm Birge & Held, Jarod Brown decided he wanted a business with his name on the door. So he struck out on his own in late 2022 and soon hung his shingle for Brown Capital Group on an historic building in Broad Ripple. As a developer, he hit the ground running with an impressive set of established relationships and a strong track record in central Indiana. He currently is working on several major apartment proj...
Jan 13, 2025•44 min•Ep. 335
2024 was a big year for entertainment in Indianapolis. Taylor Swift came to town for three concerts of course. But major sports events including NBA All-Star Weekend, the U.S. Olympic Swimming Trials and Indianapolis 500 included multiple concerts and arts events. Even celebrations around the eclipse featured music and the arts. So will 2025 be a letdown? IBJ Editor Lesley Weidenbener sat down with IBJ’s arts and entertainment reporter Dave Lindquist to find out what’s on the docket this year in...
Jan 06, 2025•30 min•Ep. 334
Indy-based Furniture maker Purposeful Design LLC—which lives under the umbrella of the nonprofit Sagamore Institute—works with local relief organizations to recruit people who have struggled with addiction, homelessness, incarceration and other obstacles to self-sufficiency. As apprentices and craftspeople, the workers learn skills that can help them find employment, as well as workplace habits that will help them keep their jobs and advance. The numbers indicate Purposeful Design is working. Of...
Dec 16, 2024•37 min•Ep. 333
