Recent Articles

Some fear exit opens door for patronage:

July 23, 2007
One improvement BAA made in Indianapolis never got much attention: It tried to weed out patronage jobs. Former airport board member Gordon St. Angelo thought it was one of the most significant benefits of taking airport management out of municipal hands. "I think a major improvement was the streamlining of what had been a semi-patronage type of program," St. Angelo said, referring to BAA's eliminating some nonproductive employees and practices. Municipal agencies such as airports' becoming dumping grounds for politicians'...

Ivy Tech: new community college with long history:

April 23, 2007
Indiana was on the verge of creating a statewide community college system 40 years ago, but Hoosier politics and university turf wars got in the way-stomping a seed that in recent years has flourished in other states as a sort of economic tree of life. Community colleges increasingly are called on to train new workers and retrain existing ones for a high-tech economy. But the thinking back in the 1960s, said then-freshman legislator John Mutz, was that a community college...

Deregulation creates telecom free-for-all:

January 1, 2007
Lawmakers last spring made it easier for AT&T, Verizon and big phone companies to get into the video business now ruled by cable TV operators. By summer, video providers were able to obtain a single, statewide video franchise instead of having to negotiate agreements with each municipality they serve. Opponents said reform was all about helping AT&T, the state's largest phone provider and one of the most powerful lobbying and campaign contributors. AT&T didn't want to have to negotiate individual...

Daniels' major moves raise eyebrows:

January 1, 2007
Gov. Mitch Daniels created a firestorm in 2006 with his solution: Privatize the Indiana Toll Road. The 75-year lease of the 175-mile road in northern Indiana, to an Australian-Spanish consortium, closed June 29. The deal that gave the state a $3.8 billion check to finance other highway projects under Daniels' Major Moves program not only lives on in controversy, but also could be the defining legacy of his administration. Daniels recently proposed privatizing the Indiana Lottery. And his team already...

ATA struggles to survive:

December 26, 2005
ATA Airlines in 2005 was gutted into a shell of its former glory. On the upside, it ended the year with a $100 commitment from New York finance firm MatlinPatterson Global Opportunities Partners. That could set the stage for the company to emerge from Chapter 11 bankruptcy in February, 16 months after it filed. But the price of restructuring was high for Indianapolis. The company, which just a year ago was the busiest carrier at Indianapolis International Airport, will discontinue...

NEWSMAKER Outspoken White takes charge at IPS:

December 26, 2005
NEWSMAKER Outspoken White takes charge at IPS Eugene White ruffled more than a few feathers early this year when he publicly called Gov. Mitch Daniels "a liar." White, then the superintendent of Washington Township schools, didn't care for Daniels' claim that the state's school administrators cared more about building projects than education. Like him or not, White doesn't mince words. He has a stand-up style that this summer helped him land the job of superintendent of Indianapolis Public Schools. The...

State firms pioneers in boosting electric efficiency:

August 15, 2005
Indiana already has a number of firms working on technology aimed at boosting energy efficiency and capacity. Early this month, Indianapolis-based Trexco LLC said the U.S. Patent Office awarded it two dozen patents for a cooling system it has developed for large electrical transformers, such as those used at utility substations. The "transformer extender" is designed to stretch the capacity and lifespan of the transformers, which typically cost $2 million to $5 million and are the size of a Mack...

Givebacks extended:

May 30, 2005
ATA Holdings Corp. appears to have averted another financial crisis, reaching a tentative agreement with its pilots last week to extend concessions another four months. The Indianapolis airline warned in previous court filings that it was "at the risk of shutdown and liquidation" if U.S. Bankruptcy Court failed to mandate an extension of concessions. Whether the warning was posturing-or a sign of an even more precarious financial situation-is hard to decipher amid ATA's Chapter 11 reorganization. The proposed pact with...
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing