Government & Economic Development

Raising already-lofty lodging levy could cause convention planners to bypass IndianapolisRestricted Content

March 2, 2009
Scott Olson
Raising Indianapolis' tax on hotel rooms — already one of the highest rates in the nation — could be the tipping point that causes conventioneers to bypass Indianapolis, some industry experts say.
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Geist restaurateur buffeted by financial squalls

March 2, 2009
Greg Andrews
Henri and Shelley Najem, who own The Bella Vita restaurant in Geist, represent the scores of Indiana restaurant operators feeling financial pressure, given the severe economic slump.
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Indiana Public worker, teacher funds have lost $8B in 15 monthsRestricted Content

March 2, 2009
Peter Schnitzler
The state's two biggest pension funds are poised to combine into one Indiana Public Retirement System, with a single executive director and board.
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For unemployed, searching for job is full-time endeavor

March 2, 2009
J.K. Wall
As job losses accelerate in the worst recession in a generation, it's becoming tougher and tougher for even well-educated, experienced professionals to find work �¢?? or at least to find a job in the area and at the pay they want.
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Unemployment taxes could break small bizRestricted Content

March 2, 2009
Raising the taxes to 5 percent-6 percent for a company like mine would be devastating, even though I have few employees.
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Property-tax bill would hurt seniorsRestricted Content

March 2, 2009
Retired people living on a fixed income have no way to raise extra money to pay for property taxes.
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Here's the solution to economic crisisRestricted Content

March 2, 2009
Replacing all sales taxes with an import tax/tariff is among several reforms that would solve the nation's economic crises.
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Legislators struggling with economic imperativesRestricted Content

March 2, 2009
Ed Feigenbaum
The Indiana state budget will continue to be a work in progress for many more weeks.
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Market, not bailouts, should stimulate refinancingsRestricted Content

March 2, 2009
Mike Hicks
Markets, no matter how imperfect, not government programs, manage the economy.
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Payroll tax hike loomingRestricted Content

February 23, 2009
Peter Schnitzler
Shoring up the state's jobless-fund shortfall likely will cost employers and employees more.
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Crackdown on bank pay pinches Hoosier execsRestricted Content

February 23, 2009
Greg Andrews
When Sen. Chris Dodd decided to wage war on corporate excess, he had Wall Street fat cats in his sights, not people like Bob Jones, the folksy CEO of Old National Corp. in Evansville.
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ICVA seeks extra $15M to market new centerRestricted Content

February 23, 2009
Anthony Schoettle
The Indianapolis Convention & Visitors Association says it needs more sales and marketing firepower to fill an expanded convention center and adjacent hotels. That means asking the city's Capital Improvement Board—one of ICVA's primary sources of funds—for a budget increase of up to 50 percent at the worst possible time.
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Economic illnesses are like virusesRestricted Content

February 23, 2009
Morton Marcus
What kind of remedy should be applied to the economy? Surely we want something that will work quickly. But we also want something that will help provide income in the future. That's called investment.
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CIB can't count on mall fundersRestricted Content

February 23, 2009
If the Capital Improvement Board comes, hat in hand, looking for help, we trust the investing companies will carefully weigh the benefits they've derived from the city and its thriving downtown before delivering an answer.
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Indians concerned about possible ticket taxRestricted Content

February 16, 2009
Anthony Schoettle
Some local officials wrestling with the Capital Improvement Board's $37 million deficit think part of the profit made by the Indianapolis Indians could be used to narrow that deficit, but Indian officials balk at that idea because they say they've already paid more than their share.
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CIB could ask for $34 million in write-offs from Circle Centre investors to ease deficitRestricted Content

February 16, 2009
Cory Schouten
A group of mostly local companies that made big investments to help launch Circle Centre mall soon could be asked to write off a portion of profits they agreed to redirect into the construction of Conseco Fieldhouse.
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Are we victims of 'group think'?Restricted Content

February 16, 2009
John Guy
"Group think," a powerful and controlling force, was present as the Capital Improvement Board built Lucas Oil Stadium and Eli Lilly and Co. developed and marketed Zyprexa.
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Don't ask the ColtsRestricted Content

February 16, 2009
The Colts are our "heroes," the bedrock of our community (at least for the few months per year that most of them spend here). Why should these esteemed athletes help the city?
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Pacers: We've lost money 9 of last 10 yearsRestricted Content

February 9, 2009
Anthony Schoettle
Swamped by financial losses that go back to the time Herb and Mel Simon bought the Indiana Pacers in 1983, team officials are now looking for a new game plan—one that may involve financial assistance from taxpayers and visitors.
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NASA contracts soaringRestricted Content

February 9, 2009
Chris O'Malley
NASA begins to award more grants to Indiana firms and universities.
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CIB failure isn't an optionRestricted Content

February 9, 2009
Creativity and transparency are required to fix the Capital Improvement Board's financial woes.
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An open letter to Indianapolis Colts owner Jim IrsayRestricted Content

February 9, 2009
Bill Benner
Jim, you could engender so much good will if you would step forward and provide some short-term relief by paying more toward the operating costs of Lucas Oil Stadium.
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Redevelopment plans threaten Gasoline AlleyRestricted Content

February 2, 2009
Anthony Schoettle
Business owners along the fabled Gasoline Alley north of Rockville Road think a proposal to close a north-south road linking them to the front door of the Indianapolis Motor Speedway will have devastating effects.
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Proposed fiscal stimulus package has high costsRestricted Content

February 2, 2009
Mike Hicks
Expeditious and clever spending on roads, infrastructure and, in the half-dozen states where it is possible, a tax cut will determine the success of the stimulus plan.
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Stimulus could help medical exchangeRestricted Content

February 2, 2009

 President Barack Obama's economic stimulus bill provides a big opportunity for the Indianapolis-based Indiana Health Information Exchange to spread its expertise around the country.

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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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