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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

U.S. premiere to launch Heartland

Bruce Hetrick
September 10, 2008
Comments(6)
Heartland Truly Moving Pictures announced today that its Opening Night Event, Oct. 16, will feature the North American premiere of the Miramax film "The Boy in the Striped Pajamas." Actor David Thewlis (best known from the Harry Potter films),...
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Buggs Temple restaurant closing

Cory Schouten
September 9, 2008
Comments(21)
Tavern at the Temple restaurant at 11th Street and the Central Canal in Buggs Temple will close for good on Wednesday. Creation Cafe, a casual restaurant and...
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Tharp, true cabaret at ACT, etc.

Bruce Hetrick
September 9, 2008
Comment(1)
Time to empty the notebook with some quick items. --It was announced today that Indiana's own Twyla Tharp will be the recipient of a Kennedy Center Honors this year. She'll be joined by Morgan Freeman, Barbra Streisand, George Jones, Pete Townshend...
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Sour market slows Penn Arts work

Cory Schouten
September 9, 2008
Comments(18)
Developer Christopher Piazza says "difficult market conditions" have led to a delay for his $3-million renovation of the Penn Arts building at 16th and Pennsylvania...
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Getting Hoosiers through college

September 9, 2008
Comments(5)
The Indiana Commission on Higher Education rolled out an ambitious goal yesterday â?? to increase the number of graduates from state-supported colleges and universities by a third within four years. Indiana isnâ??t plagued by too few high school grads...
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Duno tops Danica in laps led

Cory Schouten
September 9, 2008
Comments(6)
So who led more laps during this Indy Racing League season; Danica Patrick or Milka Duno? Well, if you chose Milka Duno, you are right on. On lap 141 of Sunday’s race at Chicagoland, during...
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Before & After: Fountain Square

Cory Schouten
September 8, 2008
Comments(41)
A former used-appliance store in Fountain Square has a whole new look after a $300,000 renovation. The property at 1315 Shelby St. now has four...
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NBC doesn't honor Lucas' request

Cory Schouten
September 8, 2008
Comments(15)
Apparently NBC’s Andrea Kremer didn’t get the memo. At least she didn’t get the one from Lucas Oil Products Inc. founder Forrest Lucas. During a sideline segment during last night’s Indianapolis Colts-Chicago Bears...
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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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