JonathanHiskes

Recent Articles

IU, Bloomington disagree over best sites for biz development

June 2, 2008
Indiana University and the city of Bloomington are at odds over how best to commercialize the university's discoveries--or, more specifically, where to commercialize them.
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Brown County tourism industry feuds over how to ward off a slump

March 24, 2008
Among those who stake their livelihood on tourism there is a sense that Brown County is at a crossroads. That dilemma is evident in decisions about whether to refurbish aging hotel rooms, update restaurant decor or close shop for the off-season.
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Proposals to loosen Indiana's wine distribution system fail

March 17, 2008
At IBJ press time, the General Assembly was set to close another session without significant change to the state's complex alcohol distribution system, ensuring another year of wrangling between wineries and wholesalers. A proposal to raise the direct shipping limit to 10,000 cases failed. So did a broader deregulation bill brought by a new Indiana wine drinker's group, VinSense.
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Building them like they used to: Bloomington development bucks zoning standards to blend new with old

December 17, 2007
As high-density residential construction booms in downtown Bloomington and sprawl continues in surrounding Monroe County, a new development is offering an old-school alternative. The South Dunn Street development will include 38 bungalows, four squares and 1-1/2 story cottages-the same early 20th-century styles that occupy the rest of the surrounding Bryan Park neighborhood. Deep front porches fill much of the small front yards. There are no driveways in the front, only alleys in the back. Three street-front commercial buildings will create...
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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

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