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In-Depth Report
City bans bulk land-bank sales after lopsided deal with not-for-profit
November 3, 2012
Cory SchoutenIndianapolis last year sold 154 properties from its land bank for $1,000 each to a novice not-for-profit, which immediately
flipped them for a total $500,000 profit. More than a dozen have changed hands multiple times since then, making investors
more than $1 million. (with interactive
map)
MoreSPECIAL REPORT: Stock-based pay builds wealth for Indiana execs
June 2, 2012
Greg AndrewsIBJ's annual review of proxy statements for Indiana public companies found senior executives' median compensation
rose 14 percent in 2011. But that analysis uses the fair market value of stock and options awards on the date they were granted.
If a company's stock price surges, executives can make out far better. (with searchable
database)
MoreCrean, Painter contracts packed with rewards for postseason success
March 10, 2012
Anthony SchoettleIndiana University Coach Tom Crean and Purdue University Coach Matt Painter cash in big time when their teams perform well,
especially in postseason play.
MoreAirport execs' globetrotting sparks scrutiny
March 10, 2012
Chris O'MalleyIndianapolis Airport Authority CEO John Clark and two key officers spent more than $67,000 last year on travel that included
extended business trips to Brazil, Denmark, Greece, Morocco and Switzerland.
MoreBioCrossroads has stoked state's life sciences industry, but challenges remain
February 11, 2012
J.K. WallIn the 10 years BioCrossroads has been promoting life sciences in Indiana, the effort has netted more than 330 new companies,
an infusion of more than $330 million in venture capital, a tripling of exports, and a growing number of mentions in national
reports on life sciences.
MoreWarnings about broker's tactics went unheeded
December 17, 2011
Cory SchoutenSeveral state employees openly questioned how John Bales' real estate brokerage did business long before the FBI launched
an investigation that led to his indictment.
MorePro athletes' charities often have limited life spans
July 23, 2011
Kathleen McLaughlinWealth and fame often lead professional athletes to share their success in the charitable arena, but those efforts rarely
last much longer than their careers as the organizations struggle to survive in an already-crowded philanthropic field.
MoreCritics: City's effort to help ex-offenders ineffective
June 11, 2011
Francesca JaroszThree years after Indianapolis Mayor Greg Ballard launched a city office designed to help ex-offenders avoid a repeat prison
visit, some of those original supporters say the city’s Office of Re-Entry Initiatives not only has fallen short of
that goal but has accomplished little else.
MoreCEOs see stock windfall after market crash
May 28, 2011
J.K. WallExecutives at Indiana’s public companies got rich in the down-and-up market, even when investors didn't. CNO Financial's
Jim Prieur, for example, received stock grants now worth $4.4M, despite share prices that are 40 percent lower than three
years ago. With searchable database.
MoreReform law gives charters leeway to hire unlicensed teachers
May 7, 2011
Francesca JaroszLegislation that expands charter schools in Indiana also could increase the number of teachers at those schools without licenses,
making it easier for educators like Eric Nentrup to take non-traditional paths to the classroom.
MoreNew laws hang teacher pay on performance
May 7, 2011
J.K. WallCharters and vouchers may have sparked the loudest education-related protests before the Legislature this year, but changes
to teacher evaluations are likely to have the biggest impact on Indiana’s public schools.
MoreControversy brews over judging charter performance
April 2, 2011
J.K. WallThere is little agreement—but lots of politics and complex statistics—on how to define success and failure in
Indiana’s public schools.
MoreSPECIAL REPORT: Indiana companies charge into China
March 26, 2011
Greg AndrewsWith economic growth in the United States sluggish, Indiana companies are joining the race to capitalize on the fast-growing
Chinese economy—even as hundreds of millions of Chinese move into the middle class and adopt a Western-style thirst
for goods and services.
MorePartisan divide could threaten long-term education reform
February 26, 2011
Francesca JaroszIndiana’s Republican-controlled Legislature will likely pass the bulk of education-reform measures being pushed this
year by party heavyweights, but partisan rancor could threaten the long-term prospects for a sweeping overhaul of the state’s
public schools.
MoreDual roles give Bess unusual view into schools
February 26, 2011
J.K. Wall
As a Danville school board member and superintendent of Indianapolis
Metropolitan High, Scott Bess is straddling the increasingly contentious chasm between traditional public schools and privately
operated charters.
Charter school's nimble approach could become the norm
January 29, 2011
Francesca Jarosz, J.K. WallIndianapolis Metropolitan High School implemented a school-wide overhaul in its educational approach in only three months.
The charter school might be the face of the future for all Indiana public schools.
MoreCity vendor may get $1.2B from parking-privatization deal
August 28, 2010
Cory SchoutenThe pitch from Mayor Greg Ballard’s administration to privatize the city's parking meters is compelling, but the proposal
to sell the meters to Dallas-based Affiliated Computer Services Inc. has the city giving up more in the long run than is immediately
apparent.
MoreBond swaps cost city units $93M in penalties
July 3, 2010
Cory SchoutenWall Street bankers for decades sold municipalities like Indianapolis on debt instruments called swaps as a safe way to reduce
borrowing costs and hedge against rising interest rates. In reality, the swaps were complicated bets that relied
on misguided assumptions, and taxpayers paid.
MoreSoft Landing: Pay slipped for most execs in 2009, but cuts weren't deep
May 22, 2010
Peter SchnitzlerTop executives at Indiana's public companies have largely been insulated from the economic crash. IBJ's
review of executive pay found that, although 131 of the 238 executives listed in proxy statements the past two years saw annual
compensation fall in 2009, only 10 experienced cuts of more than $1 million.
MoreSPECIAL REPORT: Brizzi ordered lenient deal for business partner's client
April 3, 2010
Cory SchoutenMarion County Prosecutor Carl Brizzi last year intervened in a major drug case to offer a reduced sentence over objections
from both law enforcement officers and his own deputy prosecutors.
MoreBrizzi's lease deals benefited friend, donor
March 13, 2010
Cory SchoutenRecords show Marion County Prosecutor Carl Brizzi directed lucrative work for the Prosecutor's Office to his friend, business
partner and political contributor John Bales.
MoreRelated-party loans pile up at Durham-owned finance firm
October 24, 2009
Greg AndrewsIndianapolis businessman Tim Durham has treated Ohio-based Fair Finance Co. almost like a personal bank since buying it seven
years ago, and now he, his partners and related firms owe it more than $168 million, records show.
MoreHalf of state's public-company CEOs saw pay rise in 2008
June 22, 2009
Peter SchnitzlerFor investors, 2008 was the worst year since the Great Depression. Even so, more than half of the state's public-company executives
saw the value of their pay packages rise from 2007—despite the fact that only 10 of the companies posted a positive total
return in 2008, and 46 companies shed more than one-third of their stock market value.
MoreGrad students dream up plans for mass transit
April 27, 2009
Chris O'MalleyArchitecture and urban design students from Ball State have created a vision for urban renewal that is arguably more compelling
than the Central Indiana Regional
Transit Authority's principal, utilitarian goal of reducing northeast-side highway congestion and air pollution by running
a diesel commuter train atop the old Nickel Plate Railroad corridor.
MoreSimon family's interests helped city thrive, but taxpayers paid the price
April 20, 2009
Cory SchoutenThe Simon family's role in building the city has come at a steep price for taxpayers. Simon and
its business interests in the last 20 years have collected local government incentives
worth more than $400 million, an IBJ tally of those deals shows.
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In my opinion the estridge companies are crooks. They filed bankruptcy on their 'track housing' side of the business two weeks before they closed on one of my clients' homes. When my client first interviewed Estridge as a builder 6 months before, they specifically ASKED about the solvency of their business, knowing that some builders were struggling. Estridge truly misrepresented their financial situation at that time. I suppose I am more unhappy with the whole system than I am with the builder because what the heck==you can file bankruptcy on 'track homes' but still keep building and make money off of 'custom built' homes??? How ridiculous! They are all homes. How can a company be allowed to bilk thousands of dollars from their subcontractors but still be allowed to build houses?? they should have been made to pay back all their unpaid contractors before being allowed to profit from building any more houses! This alone makes them and the system crooks in my eyes. I would never build an estridge home and I would not recommend for my clients either. If they were truly 'bankrupt' how could they afford to keep building homes anyway??? The whole system needs fixed.
I live a couple blocks east of the Angie's campus and my house is assessed for ~$160,000. If I could get that amount, let alone $384,000 (a 140% bonus), I'd sell in a minute. Either Angie's stockholders just got fleeced, or Angie's is getting about a 58% discount on their property taxes, if these properties are actually worth what they paid Mr. Oesterle for them. Which do you think is the case?
Perhaps the IMA board is really to blame! They agreed to hire Charles. They can't seemingly find donors among themselves, or bring in new blood that will support the museums operating budget with an expanded museum and money to provide curators with something to do (ie buy art). The headlines of disarray at the museum and mass firings are hurting the reputation of the museum for some time to come. If people on the board had misgivings, perhaps they shpuld have more forcefully opposed efforts that they have seemingly been unable to fund, like expansion and the costs it has created!
See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.