January 5, 2013
Kathleen McLaughlinYou know the investing climate is unusual when a stock’s dividend yields more than bonds issued by the same company.
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November 17, 2012
Kathleen McLaughlinAn executive ousted from the firm developing The Barrington in Carmel alleges that the $142 million retirement-community project
was driven by conflicts of interest.
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September 15, 2012
Scott OlsonLoren Matthes helped broker first tax-increment financing deal in the state
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March 15, 2012
Kathleen McLaughlinCarmel City Councilor Eric Seidensticker on Thursday morning proposed an ordinance that would require the council to sign
off on any additional debt. The ordinance is backed by at least five of the seven councilors.
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November 30, 2011
IBJ Staff and Bloomberg NewsState municipal-bond banks in Indiana, Vermont, Maine and New Hampshire plan to issue about $190 million in debt this week,
as smaller communities seek to take advantage of 10-year interest rates near a six-week low.
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September 3, 2011
IBJ StaffThe move is expected to save $8 million to $9 million over the life of the bonds.
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April 18, 2011
J.K. WallThe Indianapolis-based hospital system plans to sell $228.2 million in bonds this week to refinance existing debt and pay
to finish construction of its Saxony hospital in Fishers, set to open late this year.
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April 13, 2011
Kathleen McLaughlinMunicipal bond manager Josh Gonze of Thornburg Investment Management in Santa Fe, N.M., picked the $80 million bond on Carmel's
Palladium concert hall as one of the six best in the nation.
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April 2, 2011
The city of Indianapolis went to the bond market last month to sell $97 million in debt for the $155 million North of South
hotel and retail project near the Eli Lilly and Co. campus.
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April 2, 2011
Ken SkarbeckInflation is a sinister sort of tax that confiscates wealth. Bonds will lose value in an inflationary environment as interest
rates rise.
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February 12, 2011
Francesca JaroszState lawmakers are exploring the idea of paying back more than $2 billion in federal debt for unemployment insurance by issuing
tax-exempt bonds.
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February 5, 2011
Francesca JaroszInterest rates on municipal bonds have ticked up in the last two months to pre-recession levels as investors have pulled their
money from bond funds in droves. That pattern has begun, gradually, to reverse, but the higher rates could add to the cost
of issuing debt for pending city projects.
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August 28, 2010
IBJ StaffA strong balance sheet, experienced management, and conservative debt and investment policies contributed to the strong rating.
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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.
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April 24, 2010
J.K. WallClarian is planning to spend $1.7 billion in the next five years on capital projects, half of that going to its downtown Indianapolis
campuses.
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February 10, 2010
J.K. WallThe Health & Hospital Corp. of Marion County got good news in its first round of borrowing to finance a new Wishard
hospital: The cost is less than expected.
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December 19, 2009
IBJ StaffIndianapolis has fared better than some airports in terms of declining revenue, with passengers down
about 10 percent for much of the year and revenue off 16 percent at one point.
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August 29, 2009
Peter SchnitzlerFitch and other rating agencies are concerned that the phase-in of property tax caps will further strain the city's finances.
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March 30, 2009
IBJ StaffAmong defendants named in a Missouri lawsuit against investment firm Stifel Nicolaus and Co. is Stifel Managing Director Jeffrey
Cohen, who is based in the company's Indianapolis
office.
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March 16, 2009
J.K. WallWithout fresh capital â?? or loosened debt obligations â?? Carmel-based Conseco could find itself in bankruptcy or looking
for a buyer or both.
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February 9, 2009
Peter SchnitzlerThe Capital Improvement Board's $43 million in debts must be settled soon, or the entity may not be able to survive.
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December 15, 2008
Ken SkarbeckA large number of investors are so fearful these days that they have flocked to the safest securities, pushing down interest
rates to virtually nothing.
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November 3, 2008
J.K. WallIndianapolis-area hospitals have suffered a double whammy of spiking interest rates on their bonds and heavy losses in their
investment portfolios and are trying to save cash any way they can.
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February 25, 2008
Peter SchnitzlerThe debt strategy Gov. Mitch Daniels' top financial officials developed to save the state money on major projects like
Lucas Oil Stadium has turned sour.
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First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.
I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.
Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??
On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.
It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.