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Scott Olson
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Lou Harry
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Andrea Muirragui Davis
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J.K. Wall
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Recent Blog Posts

Around town retail roundup

Cory Schouten
September 30, 2008
Comments(50)
Loads of retail news to report today: UPDATE: The Taste of Tango restaurant may be back on track. A sign on the door says the restaurant is "coming soon" and "now hiring." Old...
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ND as good as gold?

Cory Schouten
September 30, 2008
Comments(10)
The Notre Dame football team hasn’t won a bowl game since January, 1994, but the private university’s gridiron gang still sets the gold standard when it comes to money making collegiate sports programs. The...
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In Cleveland, a critical clash

Bruce Hetrick
September 30, 2008
Comments(10)
Classical music fans, musicians, critics and administrators around the country are taking sides in a battle that's been raging in Cleveland. The situtation: After years of blasting Cleveland Orchestra music director Franz Welser-Most, Cleveland Plain Dealer music critic Donald Rosenberg has...
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Cheering up the real estate crowd

September 30, 2008
Comment(1)
Imagine being asked to speak to a crowd hit by the biggest downturn in its industry in decades, and motivate them to get back out there and keep selling. Or try to sell. Thatâ??s what Dan Lappin faces when he speaks...
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Bloodbath on Wall Street

September 29, 2008
Comments(4)
Thereâ??s no time like an election to make politicians nervous about taking a stand on a controversial issue, and this afternoonâ??s House vote on the $700 billion bailout plan is no exception. Many Republicans and some Democrats, leery about facing voters...
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Gun sales are booming

September 29, 2008
Comments(7)
The ongoing crime wave in Indianapolis has resulted in a surge in gun sales, WXIN-TV Channel 59 reports. With each big crime comes another spurt in purchases. Indianapolis police say applications for first-time permits in July were up 15 percent...
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M&I sign appears atop skyscraper

Cory Schouten
September 29, 2008
Comments(25)
The first of four M&I Bank signs has finally taken its place atop the former First Indiana Plaza. Workers were installing one of the signs...
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Dakich not done coaching

Cory Schouten
September 29, 2008
Comments(4)
On Oct. 6, Dan Dakich will begin a new career as a radio talk show host. The former Indiana University basketball player and coach will host a sports talk show from 10 a.m....
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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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