News & Analysis

Lilly's $30.6M tax abatement request clears hurdle

April 18, 2013
 IBJ Staff
The pharmaceutical firm has $400 million in projects in the works for its facilities south of downtown. City officials have advanced its request for tax breaks to a public hearing and final consideration May 1.
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Unemployment aid applications signal stable hiring

April 18, 2013
Associated Press
The number of Americans seeking unemployment benefits increased just 4,000 last week, to a seasonally adjusted 352,000.
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Lafayette key to Subaru ending dealer shortages, exec says

April 18, 2013
Bloomberg News
Fuji Heavy Industries Ltd., the Japanese maker of Subaru cars, intends to end a shortage of its vehicles at U.S. dealerships soon by expanding capacity at its Lafayette plant.
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Sewage overflow in Geist prompts state notice to utility

April 18, 2013
Dan Human
A state investigation has turned up possible environmental-rule violations by a Fishers-based utility company related to the sewage overflow last December.
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Carmel council wary of $100M Pedcor project

April 18, 2013
Andrea Muirragui Davis
Pedcor Cos. wants to apply for a state tax credit to help fund an upscale $100 million housing and office development in Carmel's Midtown. But City Council members are holding it at arm's length for now.
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Pence makes final plea for tax cut in budget

April 17, 2013
Associated Press
While arguing for a 10-percent cut in the state's income tax, Pence also said he would like to see a quicker phase-out of the state's inheritance tax.
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Indiana foreclosure prevention program expanding

April 17, 2013
Associated Press
State officials estimate that about 10,000 Indiana homeowners will get help in making their mortgage payments under an expansion of a federally funded foreclosure prevention program.
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Bosma hopes General Assembly adjourns early

April 17, 2013
Associated Press
Issues that remain undecided include the income tax cut sought by Gov. Mike Pence and a proposed expansion of the private school voucher program.
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Indiana stage-rules extension approved by legislators

April 17, 2013
Associated Press
State lawmakers have given final approval to a two-year extension of regulations on temporary outdoor stage rigging developed after the deadly Indiana State Fair stage collapse.
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Extra security set for this weekend's Little 500

April 17, 2013
Associated Press
Heightened security measures and an expanded police presence will greet visitors at this weekend's annual Little 500 bicycle races in response to Monday's deadly explosions at the Boston Marathon.
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EPA eyes repairs to underground Indiana waste barrier

April 17, 2013
Associated Press
Work to rebuild a defective underground barrier designed to hold back tainted soil and groundwater at the site of a former auto parts plant should hopefully begin this year, the site's federal manager says.
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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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General Assembly negotiators to hammer out state budget

April 17, 2013
Associated Press
House and Senate negotiators will take into account a rosier revenue forecast when they begin meeting Wednesday for the first of a series of meetings that will determine the final shape of Indiana's next state budget.
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Daniels revises Purdue wage-freeze plan amid input

April 16, 2013
Associated Press
Purdue University administrators earning more than $50,000 will be eligible for merit raises under a change to a plan President Mitch Daniels proposed last month to compensate for a two-year tuition freeze.
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Health overhaul may grow Indiana addiction services

April 16, 2013
Associated Press
The possibility of thousands of Indiana residents becoming eligible for addiction treatment under the federal health overhaul has state officials and providers preparing for an expansion.
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Indiana specialty-plate proposal heads to governor

April 16, 2013
Associated Press
Legislation overhauling Indiana's specialty auto license plate system has been approved by lawmakers and is on its way to Gov. Mike Pence.
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UPDATE: Lawmakers with ties to $2.8B plant dilute measures

April 16, 2013
Associated Press
Two Indiana lawmakers have spent the legislative session watering down opposition to a proposed $2.8 billion coal-gasification plant that would likely benefit their employers.
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Safety chief says more security likely at events

April 16, 2013
Associated Press
Indianapolis will increase security at upcoming events such as the 500 Festival Mini-Marathon and Komen Race for the Cure, but spectators likely won't notice the changes, Troy Riggs said.
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Pence sees hope for tax cut in better budget forecast

April 16, 2013
Associated Press
Expectations that Indiana will collect $290 million more in taxes have Gov. Mike Pence's team optimistic they can win a $500 million cut in the state's personal income tax this session.
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Bill for tighter cold-medication limits heads to Pence

April 16, 2013
Associated Press
Indiana legislators have given final approval to a bill tightening the limits on how much consumers can buy of cold and allergy pills often used to make methamphetamine.
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Officials express confidence in Indy 500 security plan

April 16, 2013
Associated Press
Indianapolis Motor Speedway officials and Indiana State Police feel good about their security plan for this year's Indy 500 and won't remove trash cans from the track in response to deadly blasts at the Boston Marathon.
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Colts confident they can sell new luxury suites

April 16, 2013
Anthony Schoettle
Colts officials say local demand remains high for suites, even as other NFL teams struggle, and that season-ticket renewals are at 95 percent. The city will foot the $2 million bill for two new suites at Lucas Oil Stadium.
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Ballard: New $6M complex will help attract world sports

April 16, 2013
Anthony Schoettle
Mayor Greg Ballard revealed in India Tuesday that Indianapolis hopes to host the inaugural United States Cricketing Championship next year. The venue would be a little-discussed park on the east side undergoing a $6 million transformation.
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Stock market rebounds from worst day of the year

April 16, 2013
Associated Press
Good news on housing and earnings Tuesday morning helped stocks recover from a dismal Monday, when stocks suffered their biggest one-day decline since November.
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Construction begins on $16M downtown apartment project

April 16, 2013
Scott Olson
The property at 800 N. Capitol Ave. is receiving a total rehab from two local developers that are retrofitting the building with 111 apartments.
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  1. If a television station wants to improve viewership, get rid of the local blackout. I was born by the brickyard, and have attended 15 or more races. I have children now, I won't attend unless circumstances are perfect. As those with growing families know, they never are. I'm always impressed that upwards of 250,000 people attend the 500. However, as a growing, or, more apt, sprawling city, Indianapolis and its immediate suburbs count almost 2.2 million. Show the race live, let the venue get a kick-back on revenues, and open-wheel racing might have a fighting chance to be relevant again. Just in time for those tax-payer lights to make sense.

  2. John Moore, I too have had the same issue recently. A property next to my house was on the Land Bank and I was interested in purchasing. When I tried to contact Reggie, I got back emails that had nothing to do with what I asked about. Actually my latest response from him was on this past Friday. I had asked about how to buy the property and if it was still available. His response to me was to contact the mayor's office to get the schedule of his appearances. (???) Hopefully the city is able to do something to fix what this guy has done, it would be nice if they would take the properties back and sell them properly so land owners like me and you mother would have a fair chance.

  3. I too work in the industry, with over 25 years of experience and your political spin has probably nothing to do with any rebranding. "Let's dress it up" would have nothing to do with the government "telling us how and what to eat." Give it a political rest. And being a producer for a radio show doesn't mean you've been involved in advertising and branding for 30 years.

  4. Ms. Morris did not understand the ways of the business world, otherwise, like the IMS, she could have petitioned the State Legislature for a handout of State Funds for her charity work. Ms. Morris should consider becoming a state lobbyist for Lemonade Stand Operators.

  5. David Copperfield!

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