Government & Economic Development

Toll-road lease tumbles in valueRestricted Content

August 3, 2009
Peter Schnitzler
Gov. Mitch Daniels expected his unprecedented $3.8 billion Indiana Toll Road lease to last 75 years. It may be tested after just three.
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State unveils $31M tuition-funding program

July 30, 2009
J.K. Wall
Gov. Mitch Daniels failed to get the legislature to bite on his plan to lease out the Hoosier Lottery in order to pay for two-year college scholarships. So he's now he's using $31 million in federal stimulus funds to create a similar program for about 9,000 Hoosiers.
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FEIGENBAUM: Historic milestone in gambling industry approachesRestricted Content

July 27, 2009
Ed Feigenbaum
Indiana has made billions on gambling in nearly two decades, funding key programs, cutting excise and property taxes, and avoiding tax hikes. The state has seen more than $2 billion in investment without any government incentives, and more dollars committed in our history than by any industry outside of steel, power and autos.
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Battered manufacturing towns hungry for food processorsRestricted Content

July 27, 2009
Kathleen McLaughlin
Economic development officials like the stability of the food business, though wages typically are mediocre.
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Indianapolis-Marion County Public Library on pace for record yearRestricted Content

July 27, 2009
 IBJ Staff
A growing number of Indianapolis residents are making the most of their public library system. The Indianapolis-Marion County Public Library system says it’s on pace for a record year in terms of use by patrons and items circulated.  
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INDOT hires executive to manage Interstate 69 extensionRestricted Content

July 27, 2009
 IBJ Staff
Cost management was the operative phrase in the introduction this month of a highway executive to manage the Interstate 69 extension to Evansville.
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City files complaint against Bright House Networks over unpaid feesRestricted Content

July 27, 2009
Chris O'Malley
A municipality has filed the first formal complaint against a cable television operator since state telecommunications reform three years ago unplugged local government oversight of operators.
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Indianapolis golf course contracts up for bidRestricted Content

July 20, 2009
Kathleen McLaughlin
Mayor Greg Ballard’s administration is requesting proposals to manage all but one of Indianapolis’ 13 municipal courses.
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Carmel grapples with rec center financesRestricted Content

July 20, 2009
A new business plan is in the works for the high-end Monon Center in Carmel.
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Neighborhood taps cash languishing in accountRestricted Content

July 20, 2009
Kim Puckett
City to unleash $3.8 million for improvements in United North West Area.

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City considering new parking meter plan

July 13, 2009
Cory Schouten
City officials are considering several proposals designed to wrestle more revenue out of the city’s roughly 4,000 parking meters, including the possibility of a long-term lease to a private firm, a move that netted Chicago more than $1 billion last year.
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Construction jobs trickling in from road stimulusRestricted Content

July 13, 2009
Chris O'Malley
Federal stimulus money for Indiana highway projects so far has put to work 1,222 people with a payroll of $1.27 million, according to state records of 42 projects under way in which contractors have reported job data. The work, ranging from paving to replacing bridge decks, had a total contract value of $39.2 million.

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EDITORIAL: School funding has fatal flawsRestricted Content

July 13, 2009
 IBJ Staff
A state budget was passed June 30, but it’s balanced on the backs of poor children. Legislators deserve praise for at least slightly increasing overall education funding, but because of a flawed funding formula, urban districts such as Indianapolis Public Schools actually will lose money in the next two years.
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Legislature snubs casinos, but forms study committeeRestricted Content

July 6, 2009
Peter Schnitzler
Indiana's struggling gambling industry didn't get the relief it sought during the special session of the Indiana General Assembly. But embedded within the budget bill approved June 30 is a provision creating a gambling summer study committee. Its recommendations, due by Dec. 1, may make or break several of Indiana's casinos.
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FEIGENBAUM: Education money helped land key Democratic votesRestricted Content

July 6, 2009
Ed Feigenbaum
As both House Speaker Pat Bauer, D-South Bend, and House Republican Leader Brian Bosma, R-Indianapolis, see it, this is definitely a "Republican-flavored" budget. Republican Gov. Mitch Daniels laid the framework, and legislators from both sides of the aisle largely abided by his bottom lines of spending, state agency cuts and surplus.
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Carson vs. Chrysler, round oneRestricted Content

July 6, 2009
 IBJ Staff
U.S. Rep. Andre Carson, D-Indianapolis, is taking on General Motors Corp. and Chrysler Corp. in the name of crash victims.
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Peterson has passion for health care and new Lilly positionRestricted Content

June 29, 2009
J.K. Wall
A new communications post at Eli Lilly gives former mayor Bart Peterson an opportunity to meld his experiences in the public and private sectors.
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$65M development deal would cost Capital Improvement BoardRestricted Content

June 22, 2009
Cory Schouten
The Capital Improvement Board could be forced to give up one of its most profitable assets so the city can pull off a $65-million public-private downtown development deal. The city has agreed to help a developer revitalize the vacant former Bank One operations center in part by acquiring an adjacent parking garage for $18.5 million.
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EnerDel poised to get jolt of stimulus juiceRestricted Content

June 22, 2009
Greg Andrews
Within weeks, EnerDel expects to receive notification that it's getting as much as $480 million in financing under a U.S. Department of Energy program aimed at fostering advanced vehicle manufacturing.
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EDITORIAL: Project near MSA may be worth the riskRestricted Content

June 22, 2009
The city has unveiled a dramatic plan for new housing and retail development to revitalize the old Market Square Arena site. Despite some shortcomings, the project deserves a chance to give the stagnant area a boost.
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HICKS: Recessions end, with or without government helpRestricted Content

June 22, 2009
Mike Hicks
The worst is likely behind us, but difficult times lie ahead, especially for the unemployed.
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$65M downtown development deal raises questionsRestricted Content

June 15, 2009
Cory Schouten
A $65 million public-private plan for the redevelopment of a vacant downtown office building is raising eyebrows for its unusual approach and potential risk to taxpayers. The plan calls for a private developer to acquire the former Bank One operations center, surface parking lots and an adjacent parking garage from a private owner for $18.5 million, then sell the 1,680-space garage to the city for $18.5 million.
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State audit findings sting WestfieldRestricted Content

June 8, 2009
Cory Schouten
Westfield's mayor says the city's rapid growth and small staff are to blame for accounting problems raised in a State Board of Accounts audit.
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Unprecedented economic forecast revision will frame special sessionRestricted Content

June 1, 2009
Peter Schnitzler
With the help of outside economists, Indiana government undergoes an economic forecast every other yearâ??a process that's taken on increased importance this spring, as Gov. Mitch Daniels and the Legislature attempt to craft a two-year budget amid the deepest recession since the early 1980s.
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MARCUS: Let's reassess reassessmentRestricted Content

June 1, 2009
Morton Marcus
The process of assessment could be simplified and performed uniformly and inexpensively.
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