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Home-building permit filings continue to climb

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Area home-building activity continues to improve as the number of single-family permits filed in January jumped 55 percent from the same period last year.

Overall, builders filed 303 permits in the nine-county central Indiana region last month, according to figures released Tuesday by the Builders Association of Greater Indianapolis. That’s up from 196 in January 2012.

Higher demand for new houses spurred a 16-percent increase in permits for all of last year—the largest annual jump since 1998.

Hamilton County had the most permit filings in January with 126, a 66-percent increase from January 2011. Hendricks County doubled its home-building activity, with 42 permits filed last month.

The number of permit filings in Marion County increased 64 percent, to 41. Johnson County posted a 79-percent increase, to 43.

Boone County had 33 filings, up 22 percent. Morgan County had just 5, up 25 percent.

Hancock County, Madison County and Shelby County all saw fewer permits filed in January.

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  • stalins comin'
    Look out homebuilders. Just the moment the administration has been waiting for. Your so-called business will be under control of your union workers before you know it. BOO!!!!!!!!!

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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.

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  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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