Editorials

EDITORIAL: Indianapolis doesn't need 'ashtray' label

March 12, 2011
Boosters want to keep building on the city’s progress, educating visitors and residents alike about all that Indiana has to offer. But we’re running the risk of losing our shine in a cloud of smoke.
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EDITORIAL: Hulman & Co.'s new board is good sign

March 5, 2011
 IBJ Staff
The Indianapolis Motor Speedway and the IndyCar racing series are far too important to the Indianapolis economy for their fate to rest entirely in the hands of a small board populated by members of the same family.
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EDITORIAL: Don't put reins on horse industry

February 26, 2011
 IBJ Staff
The current draft of the state budget calls for redirecting most of the money that has gone to horse racing to the general fund instead. The industry would receive $27 million in the next fiscal year, down from $60 million this year.
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EDITORIAL: Legislators need to create jobs, not kill them

February 19, 2011
Sadly, a legislative body supposedly focused on job creation continues to willfully disregard the advice of the very business community that is expected to create those jobs.
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EDITORIAL: Super Bowl is super chance to change state's image

February 12, 2011
 IBJ Staff
There's more to making a good first impression than keeping traffic flowing and sidewalks clear of snow.
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EDITORIAL: North of South project worth the risk

February 5, 2011
We understand the concern expressed by some on the City-County Council over Indianapolis’ role in financing the $155 million project, but there are compelling reasons to approve it.
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EDITORIAL: Let districts decide when to start classes

January 29, 2011
 IBJ Staff
It isn’t difficult to understand why state Sen. Mike Delph wants to force school districts to start their academic years after Labor Day; what’s perplexing is why Delph would want to slap a restriction on districts at a time they need more freedom to manage their own affairs.
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EDITORIAL: Time for mayor to clear the air, back smoking ban

January 22, 2011
 IBJ Staff
Another year, another parade of editorials, opinion pieces and studies that call for Indiana to join its neighbors in banning smoking in all workplaces.
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EDITORIAL: Daniels on target on township reform

January 15, 2011
 IBJ Staff
Government reform is an important topic, especially at a time tax caps have forced many units of local government to cut back on essential services.
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EDITORIAL: City's IT sector finding a groove

January 8, 2011
Indianapolis has spent more than a decade craving a robust information technology sector. Now there are signs that craving is being satisfied.
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EDITORIAL: Praise for Don Welsh

January 8, 2011
Don Welsh, the departing leader of the Indianapolis Convention and Visitors Association, is the embodiment of the risk and reward associated with bringing in outside talent to do important work on the city’s behalf.
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EDITORIAL: Consider tapping bank fund to ease budget woes

January 1, 2011
 IBJ Staff
As reported in a front-page story in last week’s IBJ, the $250 million public deposit insurance fund has not been tapped in nearly 20 years.
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EDITORIAL: Our wish list for next year

December 25, 2010
 IBJ Staff
We don’t expect all our holiday wishes for the New Year to come true. We’re not that naïve. But in this season of hope, we’d like to offer these familiar refrains—and end with some proof that dreams do, sometimes, come true.
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EDITORIAL: Have faith in fantasy despite real-life woes

December 18, 2010
 IBJ Staff
Some days, it’s hard to believe in Santa Claus. It’s altogether too easy to be “affected by the skepticism of a skeptical age,” as the New York Sun’s Francis Pharcellus Church wrote in his famous response to an 8-year-old girl’s inquiry about the existence of the Jolly Old Elf.
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EDITORIAL: Airport victory just a warm-up

December 11, 2010
Not all success stories are flashy. Witness the quiet resurrection of the former United Airlines maintenance facility at Indianapolis International Airport.
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EDITORIAL: Online retailers should pay sales tax

December 4, 2010
Retailers and shopping center owners are right in crusading for a level playing field in taxation. It isn’t fair that most online retailers don’t charge sales taxes, while traditional retailers in Indiana must tack on 7 percent.
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EDITORIAL: Statewide smoking ban is overdue

November 27, 2010
 IBJ Staff
The scientific evidence has been there for years. The financial argument is easy to make. Yet the idea of protecting the public from the potentially deadly effects of secondhand smoke hasn’t caught fire in the halls of power—at least that’s been the case in Indiana.
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EDITORIAL: A call to stop the debt spiral

November 20, 2010
 IBJ Staff
President Obama’s fiscal commission is doing its job by recommending tough taxing and expense-slashing measures meant to attack our nation’s debt crisis. Indiana’s congressional delegation should keep the momentum going.
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EDITORIAL: Legislators should let public decide on transit plan

November 13, 2010
A more robust public transportation system might be just what the region needs to connect people with jobs, spark development near transit stops, elevate the city’s stature, and reduce the need to regularly pour millions into widening our roads. Or it might be a big, unnecessary waste of money.
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EDITORIAL: Building safety requires oversight

November 6, 2010
 IBJ Staff
The saga of the Di Rimini apartments is a cautionary tale, and one Indianapolis officials would do well to heed.
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EDITORIAL: A last chance for City Market

October 30, 2010
 IBJ Staff
We like the changes afoot at City Market. But if the latest attempt to reposition it doesn’t work, the city should consider mothballing the beloved old building until its surroundings become a benefit rather than a liability.
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EDITORIAL: State can't afford to keep townships

October 23, 2010
 IBJ Staff
Indiana lawmakers are gearing up for another legislative session, and township government reform will return to the agenda. We hope proponents can finally hit a home run.
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EDITORIAL: Judge North of South project on its merits

October 16, 2010
The city’s plan to provide an $86 million loan for the mixed-use North of South real estate development adjacent to the Eli Lilly and Co. campus has drawn criticism from those who think the city should focus first on other needs, such as IndyGo and public libraries.
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EDITORIAL: Time to change utility regulation

October 9, 2010
Conflicts of interest shouldn’t happen, but one that made news this month should inspire legislation to slow the revolving door between the Indiana Utility Regulatory Commission and the utilities it is supposed to watch.
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EDITORIAL: East 10th Street project can be repeated

October 2, 2010
When people see what’s happening on and near East 10th Street—and they will, thanks to the Super Bowl connection—they’ll see what’s possible and, we hope, join similar efforts.
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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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