City Government

City-county board awards $65M in tech contracts

May 28, 2013
Mason King
The contracts will help support technology infrastructure, applications and the indy.gov Internet portals for more than 50 departments and agencies in the city-county government.
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High-profile developer chases Indy debutRestricted Content

May 25, 2013
Scott Olson
Cleveland-based Forest City Enterprises Inc., developer of the 76-story New York by Gehry in New York City, is teaming with Keystone Group in its bid to redevelop a prime piece of downtown real estate where Market Square Arena once stood.
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City fires indicted DMD employees, hires special attorney

May 24, 2013
 IBJ Staff
The city terminated two employees indicted this week on fraud charges stemming from a bribery scheme involving the Indianapolis Land Bank. It also hired a veteran attorney to review city policies and handle communications about the scheme.
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City panel tables approval of new towing contract

May 24, 2013
Kathleen McLaughlin
The Indianapolis Board of Code Enforcement put off voting on a new citywide towing-management contract Thursday after members said they wanted more information about the bids from San Francisco-based AutoReturn and its local competitors.
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City expected to award towing contract to California firm

May 23, 2013
Kathleen McLaughlin
Indianapolis will choose a San Francisco-based company to oversee city-ordered towing under a contract expected to be authorized Thursday afternoon.
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Mayor suspends land bank after indictments

May 22, 2013
Associated Press
Indianapolis Mayor Greg Ballard on Wednesday sidelined a city program that sells vacant and tax-delinquent properties, one day after federal prosecutors indicted two of its top officials for allegedly accepting bribes and kickbacks.
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Feds used wire tap, undercover agent in Land Bank probe

May 21, 2013
Cory Schouten
A federal public-corruption task force used a wire tap and an undercover FBI agent to unravel a fraud scheme authorities say was orchestrated by two city employees and three co-conspirators.
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Feds charge 5 in Indy Land Bank kickback scheme

May 21, 2013
Cory Schouten
Federal prosecutors have charged two city employees in the Department of Metropolitan Development and three others in a scheme involving cash kickbacks on the sale of properties in the Indy Land Bank.
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FBI searches City-County Building, makes multiple arrests in Land Bank probe

May 21, 2013
Cory Schouten
FBI agents on Tuesday morning conducted a warrant search at the Department of Metropolitan Development in the City-County Building, shortly after agents arrested multiple people, including city employees.
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Ex-councilor Bateman sentenced to 27 months in prison

May 20, 2013
 IBJ Staff and Associated Press
Paul C. Bateman Jr. had pleaded guilty in January to his part in defrauding an Indianapolis physician of $1.7 million.
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Oesterle sells land to Angie's List, reaping millionsRestricted Content

May 18, 2013
Chris O'Malley
Angie’s List Inc. CEO Bill Oesterle has collected millions of dollars over the years by renting to the company property for its campus along East Washington Street. Now, the landlord and chief executive is pocketing millions more by selling Angie’s the property, at well above its assessed value.
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Kessler Mansion neighbors balk at business uses

May 15, 2013
Dan Human
An Indianapolis City-County Councilor is looking into the possibility of zoning violations at the massive north-side property. The mansion will host a camp for entrepreneurs in June.
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Broad Ripple flooding in 2012 becoming costly for city

May 13, 2013
Associated Press
The city of Indianapolis faces possibly paying several hundred thousand dollars for a restaurant badly damaged by flooding that swamped a neighborhood during a downpour a year ago.
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Pence signs measure overhauling Marion County government

May 11, 2013
 IBJ Staff
Indiana Gov. Mike Pence on Saturday signed a bill into law that reshapes Marion County government through the elimination of four at-large City-County Council seats and other changes.
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Airport drops case to fend off private parking operator

May 10, 2013
Kathleen McLaughlin
The airport's decision comes as a bipartisan group of City-County Councilors backed a resolution asking airport authority to drop its case against Midwest Logistics Partners, owner of the Ameriplex business park south of the airport.
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Indy Parks, county assessor poised for budget cuts

May 10, 2013
Kathleen McLaughlin
Two ordinances that would reduce the Indianapolis budget by $1.6 million will be introduced to the City-County Council on Monday. The largest cuts will come from the Marion County Assessor's office, the parks department and mayor's office.
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Developer shelves plan to buy city land, build Meijer

May 6, 2013
Scott Olson
Opus Development Corp.'s proposal for the project north of downtown included buying and bulldozing dozens of historic homes in the Flanner House neighborhood.
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Young aggravates colleagues, puts stamp on Marion CountyRestricted Content

May 4, 2013
State Senator from Speedway plays outsized role in shaping policy for Indianapolis.
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Ballard taps government veteran as controller

May 2, 2013
 IBJ Staff
Jason Dudich is already familiar with the financial workings of the city. He was Ballard's budget director and deputy controller from February 2008 to August 2010.
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Indianapolis to boost businesses owned by disabled

May 2, 2013
 IBJ Staff
The companies could get a greater share of business from city and county contracts under a proposal signed into law Thursday by Mayor Greg Ballard.
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Councilors poised to ban criminal-history questionRestricted Content

April 27, 2013
Democratic City-County Councilor Vop Osili said he expects to draft a “ban the box” ordinance this spring or summer.
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Republicans to question Ballard's $6M sports park

April 22, 2013
Kathleen McLaughlin
The City-County Council's GOP caucus will grill the mayor's staff in a private meeting Monday evening about plans for the park, which caught many of them by surprise last week.
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Big names lining up to tackle Market Square siteRestricted Content

April 20, 2013
Scott Olson
City officials will have at least four proposals to consider for redevelopment of a downtown parking lot where Market Square Arena once stood. Bids are due to the city by April 22.
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Mayor drops plan to privatize City-County Building

April 17, 2013
Kathleen McLaughlin
City rejects proposals from four private-sector real estate teams and signs a 10-year lease extension with the existing building manager.
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Greenwood's Old Town revival targets sidewalks, traffic flow

April 13, 2013
Dan Human
Greenwood city officials are in the early stages of a downtown revitalization plan that would begin with an investment of up to $9 million designed to make Old Town more appealing to both vehicle and foot traffic.
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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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