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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

You-Review-It Monday, 1/28/08

Bruce Hetrick
January 28, 2008
Comments(3)
So what did you do this weekend? Catch “Doubt” at the IRT? Visit the new gallery show at Herron? Take sides in the “Beethoven vs. Mozart” concert with the Indianapolis Chamber Orchestra? Being under the weather, I was limited to the...
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Lucas Oil is looking good

Cory Schouten
January 25, 2008
Comments(14)
More than 1,000 workers a day in two shifts are scrambling to finish Lucas Oil Stadium, installing everything from seats and concession stand equipment to portions of...
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LOS

Cory Schouten
January 25, 2008
Comments(9)
Here are some photos of the new Lucas Oil Stadium shot during a tour on Jan. 24. I was a guest of the Concord Business Association. Lucas  Oil  StadiumMore

Almond on Vonnegut

Bruce Hetrick
January 25, 2008
Comments(3)
I’m a bit shamed to admit it, but when I picked up Steve Almond’s recent collection of essays "(Not that You Asked)" I cringed a little when I saw that the first substantial one focused on the author’s literary hero,...
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Cummins expansion in Columbus

Cory Schouten
January 24, 2008
Comments(11)
Cummins Inc. plans to build a four-story, 100,000-square-foot building as part of a revitalization of the old Commons Mall in Columbus. The project calls for demolishing much of the mall and replacing...
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Spending your government check

January 24, 2008
Comments(7)
If you pay taxes, President Bush and leaders in Congress have agreed to send you at least $600 in the hope youâ??ll spend it and pump more life into the economy. They have their wishes, but Americans are independent sorts. What would...
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“Three Girls and Their Buddy”

Bruce Hetrick
January 24, 2008
Comments(4)
Anyone else catch the “Three Girls and Their Buddy” concert at Clowes Memorial Hall—featuring Emmylou Harris, Shawn Colvin, and Patty Griffin— last weekend? Putting aside the enthusiasm of the fan base for each of the performers for a second, the one-nighter...
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Blame Daniels for the economy?

January 23, 2008
Comments(6)
At this point four years ago, now-Gov. Mitch Daniels had started outlining a platform based on revitalizing the economy. The economy had been headed south since the â??70s and had taken another beating early in the decade. Voters were only too...
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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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