Government & Economic Development

$500M Indy justice center relies on novel funding

August 9, 2014
Kathleen McLaughlin
The city will pay an annual fee to a private-sector consortium that will design, build, finance, maintain and operate the facility. According to the Ballard administration, the project won’t require a tax hike.
More

Building spree reshaping Broad Ripple VillageRestricted Content

August 9, 2014
Dennis Barbosa
A rush of new office, residential and retail projects suggest real estate developers in Broad Ripple Village remain optimistic in the midst of high-profile incidents of crime.
More

State needs better water management, report says

August 8, 2014
Associated Press, Allie Nash, The Statehouse File
The Indiana Chamber of Commerce warns that demand for water from businesses and residents could outstrip the available supply in coming decades.
More

Report: Indiana consumer spending rebounds from recession

August 8, 2014
Associated Press
A new report by the U.S. Commerce Department shows that consumer spending in Indiana has rebounded from the end of the Great Recession faster than the national average.
More

State agency says it lacks adoption subsidy money

August 8, 2014
Associated Press
The Indiana Department of Child Services says it isn't paying subsidies to parents who adopted special-needs children out of foster care because the state Legislature hasn't appropriated enough money.
More

Boost for vets' health: Obama signs new law

August 7, 2014
Associated Press
Tens of thousands of military veterans who have been enduring long waits for medical care should be able to turn to private doctors almost immediately under a law signed Thursday.
More

City OKs $10M in street upgrades for natatorium plan

August 6, 2014
 IBJ Staff
The Indianapolis Metropolitan Development Commission on Wednesday approved $10 million in downtown tax-increment financing funds to pay for street improvements on the IUPUI campus. The contribution works in conjunction with IUPUI's $20 million overhaul of the IU Natatorium.
More

UPDATE: City board approves recycling deal with Covanta

August 6, 2014
Kathleen McLaughlin
Despite heavy lobbying from opponents, the Indianapolis Board of Public Works on Wednesday voted 4-1 in favor of a contract extension with incinerator operator Covanta that will make the company the city's main household recycling provider for the next 14 years.
More

City board approves recycling deal with Covanta

August 6, 2014
 IBJ Staff
The Indianapolis Board of Public Works voted Wednesday to approve Covanta as the city’s main residential recycling provider for the next 14 years.
More

Second city Land Bank defendant pleads guilty

August 6, 2014
Cory Schouten
A second defendant in an alleged kickback scheme involving the Indy Land Bank has pleaded guilty, and a judge has moved a trial for three remaining defendants to early 2015.
More

Walgreen turns down inversion, to keep HQ in U.S.

August 6, 2014
Associated Press
The nation's largest drugstore chain said it will no longer pursue an overseas reorganization that would have trimmed the amount of U.S. taxes it pays.
More

State studies whether to reduce rules for licensed workers

August 5, 2014
 The Statehouse File
The changes could impact some 470,000 Hoosiers, including health care workers, barbers, plumbers, social workers and others – people who face rules that critics say are far too burdensome.
More

Feds require state to talk to Native Americans for HIP 2.0 plan

August 5, 2014
 The Statehouse File
State officials met Tuesday with members of the Pokagon Band of Potawatomi Indians in an effort to satisfy federal regulators who are considering a proposed expansion of the state’s low-income health insurance program.
More

Elwood Staffing to add 40 jobs at Columbus HQ

August 5, 2014
 IBJ Staff
The company, which already employs 200 in Indiana and 1,000 across the country, will accommodate the expansion by buying and renovating a building across the street from its current headquarters.
More

City’s Covanta deal discourages rival recycling programs

August 4, 2014
Kathleen McLaughlin
Details of a pending recycling deal with Covanta are emerging. Under the pact, the city of Indianapolis would face financial penalties if it launches other recycling programs.
More

ITT Educational shares reeling after deal falls through

August 4, 2014
Bloomberg News
The real estate deal would have brought as much as $119.1 million for the struggling, Carmel-based education firm.
More

State eyes downtown site for $17M archives project

August 4, 2014
Mason King
Officials want developers to submit plans for a site on the American Legion Mall, including an existing historic building and a 36,000-square-foot addition.
More

Indiana ethics cases draw watchdog frustration

August 4, 2014
Associated Press analysis
Lawmakers say they are going to look at new transparency rules after public officials skirted the law in three separate ethics cases this year.
More

Investor reimbursement fund off to slow start

August 2, 2014
Chris O'Malley
Time required for investigations, prosecutions caused delays.
More

Center Township trustee used invalid police license plate

August 2, 2014
Kathleen McLaughlin
Center Township registered a police plate to a 2011 Dodge Charger driven by Trustee Eugene Akers, then used the plate for three years after the BMV declared it invalid.
More

UPDATE: Report clears ex-state official, finds gaps in law

August 1, 2014
Associated Press
Indiana's inspector general has determined a former state highway official didn't violate any laws in a series of land deals. But Inspector General David Thomas said it went "right up to the line."
More

Top deputy to head local U.S. attorney's office

August 1, 2014
Associated Press
The top deputy for the federal prosecutor's office for central and southern Indiana is taking over following the resignation of U.S. Attorney Joe Hogsett.
More

Green BEAN Delivery plans $3.8M expansion

August 1, 2014
 IBJ Staff
The fast-growing local company, which already employs more than 200, plans to add up to 105 workers by 2024.
More

Two promoted in state attorney general's office

August 1, 2014
Associated Press
Former Chief Deputy Attorney General Gary Secrest will take over as assistant attorney general, a new post. Deputy Attorney General Matt Light will succeed Secrest as the chief deputy attorney general.
More

Head of Indiana alcohol agency taking Ivy Tech job

July 31, 2014
Associated Press
Ivy Tech announced Thursday that Alex Huskey will become the Marion campus president beginning Aug. 25.
More
Page  << 1 2 3 4 5 6 7 8 9 10 >> pager
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  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

ADVERTISEMENT