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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

City, BW3 reach deal

Cory Schouten
September 15, 2008
Comments(54)
The owners of downtown's new BW3 and city planners have reached agreement on a new design. Changes shown in the rendering below include new lighting fixtures and removal of yellow "highlights" behind them, along with removal of black-and-white checkers on...
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Is Bloomington best Hoosier city?

September 15, 2008
Comments(7)
Bloomington keeps racking up the accolades. Over the weekend, a Wall Street Journal article focused on the city as a vibrant, low-cost alternative to Sun Belt locations for retirees. Congestion is low, there are two hospitals, and plenty of natural...
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Group eyes new vision for Circle

Cory Schouten
September 15, 2008
Comments(40)
A group of local business and civic leaders are hoping to transform Monument Circle into a grand public space in the European model, a pedestrian-friendly piazza that draws crowds year-round to...
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Despite weather, IMS rings up profit

Cory Schouten
September 15, 2008
Comments(7)
MotoGP’s open approach to disclosing attendance figures finally gives us a clear view on the revenue generation of an Indianapolis Motor Speedway event. IMS President Tony George and his legion of lieutenants are...
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You-review-it Monday

Bruce Hetrick
September 15, 2008
Comments(5)
It seemed like theater was everywhere this weekend--and I caught as much of it as I could, with visits to the Phoenix Theatre's "November," Indianapolis Civic Theatre's "Little Shop of Horrors," and Actors Theatre of Indiana's "Perfect Wedding." More on...
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Turning heads at the MotoGP

September 12, 2008
Comments(2)
Thousands of bikers are expected to descend on the area over the weekend for the inaugural MotoGP at Indianapolis Motor Speedway. The series is about as upscale as motorcycle racing gets, sort of like a two-wheeled version of Formula 1. So, if...
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MotoGP economic impact soaked

Cory Schouten
September 12, 2008
Comments(3)
Rain is putting a damper on the economic forecast for the first MotoGP motorcycle race held at the Indianapolis Motor Speedway Sunday. The first motorcycle race at the Speedway in 99 years will...
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Don't call her Danica

Cory Schouten
September 12, 2008
Comments(2)
Ana Beatriz is not out to become the next Danica Patrick. But that doesn’t mean the Brazilian open-wheel racer—who took third in this year’s Indy Lights Series driving for Sam Schmidt Motorsports—isn’t bent...
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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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