Carmel

Financial review questions some spending at Carmel arts center

January 17, 2012
Kathleen McLaughlin
A taping of the PBS show "The Sinatra Legacy" was one of the activities the board of directors reviewed after former CEO Steven Libman resigned last summer.
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Vanpool commuter service expands, gets cars off the roadRestricted Content

January 14, 2012
 IBJ Staff
The latest route launched by Central Indiana Commuter Services runs from Carmel to Kokomo.
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Feinstein sees growing interest in vocal competitionRestricted Content

January 7, 2012
 IBJ Staff
The Great American Songbook Vocal Academy and Competition will be open to students outside the Midwest this year.
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Carmel office/retail complex hurt by road project gets second chance

December 13, 2011
Tom Harton
Merchants Pointe, a two-building office/retail development at 116th Street and Keystone Parkway, is getting a fresh start after major road construction drove away tenants and caused a previous owner to default.
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Midwest ISO announces $6.5B in electric grid improvements

December 8, 2011
The Carmel-based not-for-profit's long-term plan recommends 215 new transmission infrastructure projects to improve reliability of its electric grid.
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Carmel's Center for Performing Arts trims staff

December 8, 2011
Kathleen McLaughlin
The Center for the Performing Arts in Carmel eliminated five positions this week as interim CEO Frank Basile tries to rein in costs at the financially challenged organization that oversees the Palladium.
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Carmel also likely competing for CME Group

December 5, 2011
Scott Olson
A letter from Carmel Mayor Jim Brainard to a company that fits the Chicago Mercantile Exchange's description says the Indianapolis suburb is prepared to offer $150 million in incentives in return for 1,700 high-paying jobs.
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Obscure not-for-profit covering shortfalls in CarmelRestricted Content

November 12, 2011
Kathleen McLaughlin
The Carmel City Center Community Development Corp. has emerged as a key player in the city’s burgeoning downtown. The not-for-profit 4CDC last month gave the performing arts center $1 million to cover its operating expenses, and it’s expected to provide another $4.5 million through June 30.
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Carmel free clinic drawing jobless professionalsRestricted Content

November 5, 2011
Kathleen McLaughlin
Trinity Free Clinic in Carmel began in 2000 to serve a growing Hispanic immigrant population. Since the latest recession, so many people—including unemployed professionals—have found their way to the clinic that the portion of white patients has grown from one-third in 2008 to 47 percent last year.
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Carmel resident takes entrepreneurship plunge with Amy's PJsRestricted Content

November 5, 2011
 IBJ Staff
Amy Graham left her job as marketing director of a plastic surgery practice early this year to pursue her dream of running a high-end pajama boutique.
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Centier Bank opens Indianapolis-area loan production officeRestricted Content

November 5, 2011
 IBJ Staff
The Merrillville-based bank is testing the waters before launching a retail-banking presence.
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Carmel's Palladium subsidy multipliesRestricted Content

October 29, 2011
Kathleen McLaughlin
The city of Carmel will subsidize its new performing arts complex to the tune of $5.5 million this year, nearly triple the amount provided last year.
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Carmel mayor's next goal: Build posh, $32M hotelRestricted Content

October 22, 2011
Cory Schouten
The principal developer of Carmel's City Center, Pedcor Cos., is working with city officials on plans for a four-star boutique hotel that likely would cost at least $32 million to build and may require an additional city subsidy.
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Marketing firm 5MetaCom focuses on clients with technical needsRestricted Content

October 22, 2011
Anthony Schoettle
Owner Chris Wirthwein insists the Carmel firm with growing billings serves Indiana companies within a two-hour drive.
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Conservative legislator Delph won't challenge Lugar

September 14, 2011
Associated Press
State Sen. Mike Delph said Wednesday he would stay in the Indiana Legislature and focus on raising his family.
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ChaCha broadens business strategyRestricted Content

September 10, 2011
Chris O'Malley
Mobile-phone-answers service ChaCha Search has dialed up its largest expansion yet—entering the United Kingdom and contracting with New York City’s “311” municipal information service.
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Civic debuts to new but eager audience in CarmelRestricted Content

September 10, 2011
 IBJ Staff
The not-for-profit musical theater company has grown its subscriber base and raised $2.6 million toward a $10 million goal, Executive Director Cheri Dick said.
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Crooked Stick golf pro hits links every day, rain or shineRestricted Content

August 20, 2011
Maria LaMagna
Patrick White Crooked watch videoCrooked Stick Golf Club pro Patrick White works 90 or more hours a week and loves every minute of it.
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INSIDE DISH: Carmel Cajun eatery Mudbugs turns corner

August 12, 2011
Mason King
Dish_Mudbugs_watch_videoAfter a shaky start, ownership shakeup and puzzled looks from potential patrons, Belinda and Roy LeBlanc have turned their homegrown oasis for Louisiana cuisine into a profitable venture.
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Report: Investigators tailed Libman before resignation

August 9, 2011
J.K. Wall
A WXIN-TV Channel 59 report suggests the city of Carmel hired private investigators to tail Steven Libman, who resigned abruptly last month as CEO of the Center for the Performing Arts in Carmel.
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Utility locator U.S. Infrastructure Corp. buys Nebraska companyRestricted Content

August 6, 2011
 IBJ Staff
Company that recently moved from Carmel to Indianapolis extends its market to 29 states.
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Palladium sells well, ups ante for its competitorsRestricted Content

August 6, 2011
Kathleen McLaughlin
About 40 percent of the tickets sold during the Palladium’s first half-season went to subscribers, prompting managers to expand the series offerings for the full season that begins later this month.
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Ingersoll-Rand to halt production of SecureKeyRestricted Content

August 6, 2011
 IBJ Staff
Elimination of product is part of settlement with rival manufacturer.
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DINING: Carmel's new Detour dares diners to overdo it

August 6, 2011
Lou Harry
Second in a month-long series of reviews of new arts district eateries.
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Libman resigns from Carmel arts center

July 29, 2011
Kathleen McLaughlin
Steven Libman, CEO of the Center for the Performing Arts in Carmel, resigned late Friday afternoon—less than three months after his contract was extended through 2016.
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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.

  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

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