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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

Reading into "On The Road"

Bruce Hetrick
April 25, 2008
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In June, the Indianapolis Museum of Art will be showcasing the 120-foot-long scroll on which Jack Kerouac wrote his landmark work "On the Road." My question: Is the scroll itself art or artifact? The scrollMore

Star's Montieth 'hit dead end'

Cory Schouten
April 25, 2008
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Indianapolis Star sports reporter Mark Montieth has covered his last Indiana Pacers game for the paper he dreamed about working for since he was a young child. Effective at the end of today, Montieth,...
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Mayweather to green flag Indy 500

Cory Schouten
April 24, 2008
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Boxer Floyd Mayweather Jr., the WBC welterweight world champion, will drop the green flag on this year’s Indianapolis 500. Mayweather competed on ABC’s hit “Dancing with the Stars” last fall along with two-time Indianapolis...
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Character key for Colts draftees

Cory Schouten
April 24, 2008
Comment(1)
The Indianapolis Colts are fine tuning their strategy for this year’s National Football League draft, which is held in New York April 26 and 27. While there is much speculation about which players the...
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Film fest opens

Bruce Hetrick
April 24, 2008
Comments(2)
The Indianapolis International Film Festival opened last night with a screening of the Sundance Film Festival hit “Son of Rambow.” I’d tell you more about this charmer, but since that was the only festival screening for the film, I’ll...
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The next Fortune 500 companies

April 23, 2008
Comments(3)

Conseco has dropped off the Fortune 500, leaving WellPoint, Lilly, Cummins and NiSource as the only Indiana companies remaining. Several Indiana firms are closing in on the elite list, though. One is Steel Dynamics, the Fort Wayne company that recycles scrap metal....

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Monarch building new headquarters

Cory Schouten
April 23, 2008
Comments(8)
Locally based Monarch Beverage Co. plans to transform a vacant drive-in theater in Lawrence into its new headquarters. The theater would be replaced with nearly 1 million square feet of new...
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MainGate signs deal with Rams

Cory Schouten
April 23, 2008
Comments(0)
Indianapolis-based MainGate Inc. today announced it has signed an exclusive three-year deal to be the on-line merchandiser for the National Football League’s St. Louis Rams. Though terms of the deal were not disclosed,...
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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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