Last Updated Thu., December 18, 2014 - 3:41 PM

Indiana revenue expectations down $129M for 2015 3:20 PM

Associated Press
The forecast also calls for revenue to grow 4.1 percent and 4.7 percent the next two years. The forecast also projects gaming revenue to drop below 2003 levels in the next two years.

Sixteen firms promise Indiana expansions, 2,100-plus jobs12:30 PM

Mason King
Nine of the 16 firms who announced their plans with state officials Thursday expect to boost operations and employment in the Indianapolis area, forecasting 933 jobs.

Law school enrollment plummets to 27-year low, ABA says11:41 AM

Bloomberg News
Total law school enrollment at the 204 accredited schools is 119,775, a 6.9-percent decrease from last year and an 18-percent decrease from its record high in 2010.

Special Report: City's building spree leaves trail of spoils

Mayor Greg Ballard takes pride in Rebuild Indy, the city’s nearly $400 million program that doubled the volume of public works projects—and became engineering and construction firms' largest business opportunity with the city in more than a decade.

City bans bulk land-bank sales after lopsided deal with not-for-profit

Indianapolis last year sold 154 properties from its land bank for $1,000 each to a novice not-for-profit, which immediately flipped them for a total $500,000 profit. More than a dozen have changed hands multiple times since then, making investors more than $1 million. (with interactive map)

SPECIAL REPORT: Stock-based pay builds wealth for Indiana execs

IBJ's annual review of proxy statements for Indiana public companies found senior executives' median compensation rose 14 percent in 2011. But that analysis uses the fair market value of stock and options awards on the date they were granted. If a company's stock price surges, executives can make out far better. (with searchable database)

Crean, Painter contracts packed with rewards for postseason success

Indiana University Coach Tom Crean and Purdue University Coach Matt Painter cash in big time when their teams perform well, especially in postseason play.

Airport execs' globetrotting sparks scrutiny

Indianapolis Airport Authority CEO John Clark and two key officers spent more than $67,000 last year on travel that included extended business trips to Brazil, Denmark, Greece, Morocco and Switzerland.

BioCrossroads has stoked state's life sciences industry, but challenges remain

In the 10 years BioCrossroads has been promoting life sciences in Indiana, the effort has netted more than 330 new companies, an infusion of more than $330 million in venture capital, a tripling of exports, and a growing number of mentions in national reports on life sciences.

Warnings about broker's tactics went unheeded

Several state employees openly questioned how John Bales' real estate brokerage did business long before the FBI launched an investigation that led to his indictment.

Pro athletes' charities often have limited life spans

Wealth and fame often lead professional athletes to share their success in the charitable arena, but those efforts rarely last much longer than their careers as the organizations struggle to survive in an already-crowded philanthropic field.

Critics: City's effort to help ex-offenders ineffective

Three years after Indianapolis Mayor Greg Ballard launched a city office designed to help ex-offenders avoid a repeat prison visit, some of those original supporters say the city’s Office of Re-Entry Initiatives not only has fallen short of that goal but has accomplished little else.

CEOs see stock windfall after market crash

Executives at Indiana’s public companies got rich in the down-and-up market, even when investors didn't. CNO Financial's Jim Prieur, for example, received stock grants now worth $4.4M, despite share prices that are 40 percent lower than three years ago. With searchable database.
More Special Reports
Last Updated Thu., December 18, 2014 - 3:41 PM

Indiana revenue expectations down $129M for 2015 3:20 PM

The forecast also calls for revenue to grow 4.1 percent and 4.7 percent the next two years. The forecast also projects gaming revenue to drop below 2003 levels in the next two years.

IU medical researcher gets $2M parasite grant10:00 AM

An Indianapolis scientist has won a federal grant to find ways of combating a dangerous parasite that's infected an estimated 60 million Americans.

Indiana voucher schools return $4M in overpayments 9:30 AM

The study released Wednesday by the Indiana Non-Public Education Association shows that 80 of the more than 300 private schools in the voucher program were overpaid $3.9 million over three years.

Federal judge rejects NCAA concussions deal 9:12 PM

A federal judge in Chicago rejected a proposed $75 million class-action head injury settlement with the NCAA on Wednesday, portraying the deal as too unwieldy and potentially underfunded and urging both sides to go back to the drawing board.

Indiana high court issues order upholding labor law 9:02 PM

The Indiana Supreme Court has issued an order throwing out the last remaining constitutional challenge to Indiana's right-to-work law banning mandatory union fees.

Fed promises 'patient' approach to a rate increase

The Federal Reserve is edging closer to raising interest rates from record lows but Chairwoman Janet Yellen said she foresees no rate increase during the first quarter of 2015.

Oliver Luck leaving West Virginia for position at NCAA

West Virginia University Athletic Director Oliver Luck, the father of Colts QB Andrew Luck, is joining the Indianapolis-based NCAA as executive vice president of regulatory affairs.

Sources: U.S., Cuba seek to normalize diplomatic relations

The United States and Cuba will start talks on normalizing full diplomatic relations, marking the most significant shift in U.S. policy toward the communist island in decades, American officials said Wednesday.

Indiana senator plans medical marijuana proposal

Sen. Karen Tallian, D-Portage, said she'll introduce a bill for the upcoming legislative session to allow people with certain health problems to legally use marijuana.

Congress votes to extend tax breaks through 2014

Banks, retailers, commuters and teachers will keep their temporary tax breaks for another year after Congress gave final approval Tuesday to a massive tax package affecting millions of businesses and individuals.

Southwest bag workers picketing over flight delays

Southwest Airlines workers picketed and handed out leaflets to passengers in Indianapolis, Denver and 14 other airports across the country Tuesday

Snow days melting away in many Indiana schools

The state Department of Education has granted 37 public school districts and 13 private schools permission to hold online learning days in cases of inclement weather this school year.

Lilly bumps up dividend for first time since 2009

Shares of Eli Lilly and Co. were on the rise Tuesday morning, a day after the drugmaker announced its first dividend increase in more than five years.

GOP chooses ex-school official to replace Turner

A former central Indiana school superintendent will serve the two-year term of former state Rep. Eric Turner, who resigned last month after being the subject of a state ethics investigation.

State senator Merritt declines Indianapolis mayoral bid

No prominent Republicans have started campaigns to replace Mayor Greg Ballard, who announced month that he wouldn't seek election to a third term in 2015.

Ohio girl hurt at fair challenges Indiana damages cap

Attorneys for a 13-year-old Ohio girl hurt when a stage collapsed at the Indiana State Fair argued Monday that the state's cap on liability damages is unconstitutional and should be thrown out by the Indiana Court of Appeals.

FEMA, Indiana tell Kokomo to stop stadium work

Despite warnings about violations, Kokomo is pushing forward with the $9 million baseball stadium project, which includes spending $2.5 million on flood-prevention measures along Wildcat Creek.

Plan to rate teacher training raises concerns

A U.S. Department of Education plan to use student test scores to rate colleges and universities for their teacher training is drawing fire from some Indiana educators.

Wind farm companies make $650 million deal

German utility company E.ON has sold most of its minority ownership stake in a 126-turbine central Indiana wind farm to majority owner Enbridge Inc.

Ball State sees sharp drop in teacher candidates

Teaching isn't making the grade as a career path for many students due to a string of recent trends.

Section 8 proposal angers Indianapolis landlords

Advocates for low-income housing are clashing with Indianapolis landlords over a proposal that would make it illegal to reject tenants solely because they use government subsidies to pay their rent.

Lilly's Cyramza gets new marketing approval

Eli Lilly and Co.'s drug Cyramza has been approved as a treatment for lung cancer, regulators said. The Food and Drug Administration is allowing Lilly to market the drug as a treatment for cases that have spread.

Pence says he wants to cut taxes 'even further'

Gov. Mike Pence is telling his campaign donors that he plans on "cutting taxes even further" during Indiana's upcoming legislative session.

Cheaper gasoline, food shrink U.S. producer prices

The retreat of wholesale costs gives the Federal Reserve more leeway to keep interest rates at record lows in an effort to stimulate the economy.

Purdue, Ivy Tech create path for engineering majors

Ivy Tech Community College has created a way for pre-engineering students to continue their studies toward a bachelor's degree in one of two engineering disciplines at Purdue University.

Muncie judge faces state disciplinary charges

The state commission that oversees judicial conduct has filed 13 disciplinary charges against a Muncie City Court judge, including abuse of judicial power, repeated violations of statutes and court rules, and injudicious public conduct.

Indy dentist accused of $260,000 in false claims

Marion County Prosecutor Terry Curry said Dr. Bernice Avant was charged Thursday with one count of Medicaid fraud and four counts of theft.

Federal highway officials OK plans for Illiana Expressway

The Federal Highway Administration has approved plans for a 47-mile expressway between Illinois and Indiana.

Education budget draws scrutiny over costs for student testing

Superintendent of Public Instruction Glenda Ritz is seeking $20 million more for testing as part of her spending proposal, which calls for an overall 3 percent increase and free textbooks for all Indiana students.

U.S. retail sales climb on holiday shopping

Excluding gas stations, sales climbed a healthy 0.9 percent in November. Spending on motor vehicles accelerated 1.7 percent, while purchases at clothiers, online retailers, electronics stores and department stores all improved.

Report: Nearly 43 million Americans have unpaid medical bills

The findings suggest that many Americans are being trapped by debt because they are confused by the notices they get from hospitals and insurance companies about the cost of treatment.

Teen retailers get the cold shoulder for holidays

Teen retailers are facing ho-hum results at a time when overall U.S. retail sales are up 5.1 percent over the past 12 months, the Commerce Department said Thursday.

IBM, Indiana to mediate welfare contract dispute

IBM Corp. and the state of Indiana are turning to mediation in hopes of settling their dispute over IBM's failed attempt to privatize Indiana's welfare services.

Local recycling companies land grants, plan jobs

Indiana is awarding $600,000 to four companies, including two in Marion County, that recycle metals, wood and other materials.

Nearly $50M in state funds sought for medical campus

Officials from three state universities seek almost $50 million in state funding for a planned medical school campus they would share in downtown Evansville. That's up from the original plan of $35 million.

Indiana counties receive $4.7M in federal winter storm aid

Gov. Mike Pence said Indiana has received nearly $4.7 million in federal grants so far to help the state and local governments recover from the Jan. 5-9 winter storm.

Court hears ex-Indiana elections chief's appeal

An attorney for former Secretary of State Charlie White faced tough questioning Tuesday from Indiana's three-judge appeals court during White's latest bid to overturn the voter fraud convictions that forced him from office.

Target shifting funds toward marketing race teams

Target will go from two sponsored IndyCar entries to just one in 2015 as the retailer shifts spending to promoting its drivers.

NCAA chief: University cutting football is 'troubling'

NCAA President Mark Emmert said Tuesday that it was troubling to see the University of Alabama-Birmingham drop its football program, but he believes Olympic-type sports are more vulnerable to cuts as schools look at athletic budgets.

High court: No pay for Amazon warehouse security checks

The unanimous ruling Tuesday is a victory for the growing number of retailers and other companies that routinely screen workers to prevent employee theft.

New welcome sign gets mixed reviews in Seymour

Love it or hate it, the new Seymour welcome sign along Interstate 65, which was designed by an Indianapolis-based firm, is causing a lot of buzz.

Chrysler plans $266M spending for Indiana plants

The Kokomo City Council voted unanimously Monday night to give initial approval for a 10-year property tax abatement to Chrysler. The automaker said the break would help it retain 212 jobs with a combined salary of $9.8 million.

Appeal hearing set for ex-Indiana elections chief

The Indiana appeals court is set to take up former Secretary of State Charlie White's fight to overturn the voter fraud conviction that forced him from office.

Indiana high court deciding where to hold hog farm fight

The Indiana Supreme Court has been tasked with deciding which county court will hear a lawsuit filed by the Camp Tecumseh youth camp that seeks to stop a farmer from raising more than 9,000 hogs on nearby land.

Health law adding to primary care doctor shortage

A survey found that 81 percent of doctors say they are over-extended or at full capacity, and 44 percent plan to cut back on the number of patients they see, retire, work part-time or close their practice to new patients.

Humane Society of Johnson County pleads for help amid closing fears

A central Indiana group that provides animal adoptions and helps low-income pet owners is running short of money and volunteers, and organizers say it may be forced to close.

Design plans to renovate Assembly Hall approved

The $35 million project is to include a revamped south lobby, interactive displays, an event suite, box seating, and an outdoor plaza connecting the arena to Cook Hall.

Ex-prosecutor helps Ball State avert future fraud

The university first learned in September 2011 it had been the victim of an $8.1 million securities fraud, although officials say it began in 2008.

State's Christmas tree growers celebrate strong season

After a crippling drought that was felt for several years, local growers are crowing about their first good season in recent memory.

IU trustees to vote on Assembly Hall renovations

Plans for the arena call for replacing the existing south lobby, adding a box seat club on the concourse level, improved lighting, and renovated concessions and restrooms.
Last Updated Thu., December 18, 2014 - 3:41 PM

DECEMBER 15-21, 2014

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Hamilton County seeks an out to avoid referendum for renovation

Hamilton County leaders are asking state legislators for relief from a 2008 law that requires all capital projects costing more than $12 million be put to a vote.

Front Page

Startup car wash chain aims for high-end splash

There’s no shortage of car washes around Indianapolis. But the owners of Prime Car Wash think the competition has missed a spot—both here and around the country.

Not-for-profits learn to tap into Twitter, rivals

A growing number of savvy charities are tapping into the viral power of social media, using popular platforms like Facebook and Twitter to connect with supporters and build awareness along with their spheres of influence.

Top Stories

City plans new TIF to boost west side

Indianapolis planners say the city needs another $7.1 million to prepare the former Central State Hospital campus for redevelopment, but they’re out of resources. A proposal to raise those funds via a new tax-increment financing district around the 142-acre site is moving through the Indianapolis City-County Council with bipartisan support.

After victory in London, cake baker opens local shop

Gwendolyn Rogers achieved her goal last month of owning a bakery by opening the Cake Bake Shop in Broad Ripple. The former Little House gift shop space now sports cases full of tasty treats that include her popular cakes, as well as pies, eclairs and other goodies.

Upstart advertising agency attracting national notice

The Basement boasts a client list that includes K-Mart, Kentucky Fried Chicken, Procter & Gamble, NCAA and Simon Property Group Inc. The firm’s year-over-year revenue in 2014 has grown at better than 25 percent, hitting $2 million.

After setbacks, Klipsch amps up focus on high end

The Indianapolis-based speaker maker is responding to challenges in its industry by returning to its roots—emphasizing premium products, including home speaker systems costing $2,500 to $10,000.

Live Nation reaches agreement to buy Old National Centre

The entertainment promoter, which already manages the historic building and performance venue by Mass Ave, has a pending deal to buy it from the Murat Temple Association.

Q&A: Cummins CEO says firm scoped 10 sites for unit HQ

Officials of the Columbus, Indiana-based company even toured the old GM stamping plant before selecting the former Market Square Arena site.

Focus

Indiana lawmakers mostly older, white, college-educated

Demographics of the General Assembly are significantly different than the average Hoosier.

A&E, etc.

LOU'S VIEWS: Music City earns its moniker

About 36 hours in Nashville, TN, revealed a town that truly embraces the music that made it famous. And knows how to show visitors a good time.

LOPRESTI: Customized holiday carols celebrate Indiana’s teams

Yes, it’s time to put sport to song. Christmas carols, to be exact, slightly altered.

DINING: Family parlays Fat Tuesday party into restaurant

Borel’s Cajun & Creole Cookery offers eight Cajun concoctions, seven po-boys, and a quartet of desserts. First timers are advised to try a Try Any Three combo.

Opinion

EDITORIAL: Curry, Thomas should explain Bennett investigation

Marion County Prosecutor Terry Curry and state Inspector General David Thomas should acknowledge the mysteries swirling around an investigation into former state schools chief Tony Bennett and explain to Hoosiers exactly what happened, and how it won’t happen again.

FEIGENBAUM: Crush of big issues await General Assembly

Republican supermajorities in 2013 and 2014 left a lot of unfinished business on the table, and that—as well as changes in technology and public expectations—portends an extremely active 2015 General Assembly session.

MORRIS: Lamkin deserving of Whistler award

I’m fortunate in my job to meet and get to know some extraordinary people. Martha Lamkin is one of those special people who continue to inspire others with tireless community service efforts.

KENNEDY: Failure of imagination could stop here

There is a fair amount of evidence for the proposition that our fraying social fabric is a consequence of the fear and disorientation produced by ever-more-rapid social change.

BEEBE: Cummins connects in downtown Indianapolis in more ways than one

When the new Cummins distribution headquarters is completed downtown in 2016, it will change the skyline. But this building is going to—and should—do a lot more for downtown, including bringing increased connectivity to east-side neighborhoods and setting new standards for how we approach design and development of our urban core.

SKARBECK: Main Street is finally enjoying fruits of recovery

While recent years have been a boon to upper-income groups, evidenced by sales of luxury goods and rising stock prices, the economy now seems poised to provide a boost to the broader population.

HICKS: Politics is driving the minimum wage push

Wages are largely determined by labor markets. So, if the minimum wage is set above the market wage, some workers will lose jobs while some will be better paid. There is no disagreement by anyone with a modest understanding of the matter, but low-paid jobs are not the issue.

Bring local workers into job projects

There are many things about representing Indianapolis that make me proud. However, we are still using limited tax dollars to incentivize out-of-state contractors to hire out-of-state workers to build right here in Indianapolis.

A qualified vote for mail-in voting

“Mail-in voting” has many merits [Ryerson Viewpoint, Dec. 8]. I find it a bit strange here in Indiana that there seems to be a lack of well documented, well publicized information prior to any election.

In Brief

Symphony reports surplus on big crescendo in ticket sales

Indianapolis Symphony Orchestra's leaders played an upbeat tune Monday, reporting a second-consecutive operating surplus fueled by a 16-percent increase in revenue from ticket sales and a near-record year for fundraising.

One of city's largest woman-owned businesses acquired

Distribution business HP Products Corp., a 450-employee company founded in Indianapolis in 1964, is now owned by Virginia-based Ferguson Enterprises Inc., the companies announced Tuesday.

Indiana credit unions growing, albeit slowly

Federal data show Hoosier credit unions' growth rates lagging most of their national peers, but it may not be such a bad thing.

Not-for-Profit of Note

NFP of NOTE: Lupus Foundation of America, Indiana Chapter

Lupus Foundation of America, Indiana Chapter, provides support and education to the lupus community in Indiana and helps fund research for a cure.

Blogs

Review: 'Elf: The Musical'

Unlike “Ghost,” the musicality of “Elf” doesn’t feel imposed on it. Unlike “Once,” it doesn’t reconstitute and elevate its source material. Instead, "Elf: The Musical" is a pleasant, peppy, sugar-coated diversion.

Roundup: BL&T, Kuma's Corner, Wildwood Market

New eateries are popping downtown, in Fountain Square and in Fletcher Place, with a mix of cuisine inspired by French menus, finger food and heavy metal.

Pacers fans' patience, commitment tested by early season woes

The bottom hasn’t entirely fallen out in terms of the Indiana Pacers’ home attendance this year, but it may only be hanging on by a thread or two.

Fishers extends subsidy for commuter bus service

The soon-to-be-city of Fishers has promised to help keep the Indy Express commuter bus rolling until the end of April—and maybe longer, depending on ridership early next year.

Hoosiers accuse Anthem of 'unjust enrichment'

The reason competition is so low and prices so high in Indiana’s health insurance market is that Anthem Blue Cross and Blue Shield has participated in a vast conspiracy to inflate prices, according a federal lawsuit that Anthem called "baseless."

A&E, etc.

Review: 'Elf: The Musical' 12:36 pm

Unlike “Ghost,” the musicality of “Elf” doesn’t feel imposed on it. Unlike “Once,” it doesn’t reconstitute and elevate its source material. Instead, "Elf: The Musical" is a pleasant, peppy, sugar-coated diversion.

A&E priority list include Dave Chappelle, 'It's a Wonderful Life,' more

The holidays are looming but that doesn't mean that every arts group or performer is going into holiday hibernation. Here are some non-shopping options.

Southwest to add nonstop service to LA, Boston

Southwest will depart Indianapolis International Airport for Los Angeles once daily, and there will be two flights every day to Boston, the airline announced Wednesday.

Hoosier Lottery dropping Monopoly Millionaires' game

The Hoosier Lottery and other participating states questioned the future of the money-losing game after Texas decided Dec. 11 to end participation. Sales were not high enough to cover jackpots.

More A&E, etc.