Government & Economic Development

Daniels revives agency mistakenly canceled

July 9, 2011
Associated Press
Gov. Mitch Daniels has signed an order restoring Indiana's largest state agency, the human services department, after it was accidentally eliminated due to a mistake in a new state law.
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STUMPP: Docs' loss of independence driving up health care costsRestricted Content

July 9, 2011
Don Stumpp / Special to IBJ
The fact is that hospitals are paid three to four times for physician ancillary services.
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HICKS: Without real cuts, cost of borrowing will riseRestricted Content

July 9, 2011
Mike Hicks
What is abundantly clear is that federal spending is much higher than is currently sustainable.
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City taps downtown TIF funds for bridge repairsRestricted Content

July 9, 2011
 IBJ Staff
The city is bidding work to repair concrete and add a green roof to the Meridian Street Bridge adjacent to downtown Union Station.
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Indiana toll road came up $209M short in 2010

July 8, 2011
Bloomberg News
Now five years old, the Indiana Toll Road deal has yet to turn a profit, or break even, for its two overseas investors. The $3.8 billion contract, however, has been a bargain for the taxpayers of Indiana.
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City exploring Mass Ave redevelopment options

July 8, 2011
Scott Olson
Property that houses Indianapolis Fire Department facilities on North New Jersey Street, bordering Massachusetts Avenue, could be sold to private developers. In turn, city police and fire services could be better connected.
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Indiana fireworks tax raises millions for training

July 7, 2011
Associated Press
State budget officials said Indiana took in $2.5 million from the special 5-percent public safety tax on fireworks during the 2011 fiscal year that ended June 30. That indicates about $51 million in retail fireworks sales around the state during that time.
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Navistar seeks more tax breaks after old deal failed

July 6, 2011
Scott Olson
The company, which had planned to close its Brookville Road plant, now is set to create 250 new jobs by investing $19 million in new equipment. It previously received $18 million in tax breaks and repaid $5 million to the city.
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WellPoint to pay $100,000 over data breach

July 5, 2011
Associated Press
Health insurer WellPoint Inc. will pay $100,000 and take other steps after admitting it waited months to notify 32,000 Indiana customers that their Social Security numbers, health records and other personal information might have been exposed online.
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City mum on economics of $15M parking garageRestricted Content

July 2, 2011
Cory Schouten
City officials and the developer of a proposed parking garage in Broad Ripple have refused to share financial projections for the project, describing the documents as a "trade secret" exempt from public disclosure.
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Shrinking revenue puts Ballard in hot seatRestricted Content

July 2, 2011
Francesca Jarosz
A drop in local income-tax revenue could put Indianapolis Mayor Greg Ballard between a familiar political rock and hard place as he faces re-election. Next year’s budgets must be approved in October, when Ballard’s race with Democratic challenger Melina Kennedy will be in the home stretch.
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HICKS: Founding document holds lessons for todayRestricted Content

July 2, 2011
Mike Hicks
The Declaration of Independence has some key tenets that bear mentioning in these times.
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Indiana State Museum hopes for new start

July 1, 2011
Kathleen McLaughlin
The Indiana State Museum begins a new fiscal year Friday with a different governance structure and a $1.1 million surplus.
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Lugar pushes energy savings, more oil production

June 30, 2011
Associated Press
Indiana Sen. Richard Lugar is pushing a national energy plan he says will save billions of dollars by increasing domestic oil production and improving energy efficiency.
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Daniels says investors overpaid on Indiana Toll Road

June 29, 2011
Associated Press
Gov. Mitch Daniels on Wednesday marked the 5-year anniversary of the $3.8 billion lease. He said the state is insulated from any financial problems under the deal it crafted even though an investor group is in danger of defaulting.
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People have spoken on ideas for Monument Circle

June 29, 2011
Gabrielle Poshadlo
A former Indianapolis resident who now lives in Philadelphia won the Monument Circle Idea Competition People’s Choice award, Indianapolis Downtown Inc. announced Tuesday.
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UPDATE: Recount panel finds White eligible for office

June 28, 2011
Associated Press
The Indiana Recount Commission voted 3-0 Tuesday morning to allow Indiana Secretary of State Charlie White to remain in office, denying a challenge to his eligibility by the Democratic party. White still faces a criminal trial.
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State appeals injunction blocking abortion law

June 28, 2011
Associated Press
Indiana's attorney general has appealed a judge's decision blocking part of new abortion law that took away some of the public funding for Planned Parenthood of Indiana.
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Rejected bidder cries foul over demolition of Keystone Towers

June 28, 2011
Scott Olson
Titan Wrecking & Environmental bid about $255,000 less than the winning proposal to demolish Keystone Towers, but was rejected because of missing paperwork. The company owner says the city could have overlooked the omissions to save taxpayers money.
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Election panel chair's law firm donated to White

June 27, 2011
Associated Press
The state elections panel that is weighing voter fraud allegations against Indiana Secretary of State Charlie White includes a Republican loosely linked to White through political contributions.
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Local contractor wins Keystone Towers demolition bid

June 27, 2011
 IBJ Staff
Denney Excavating of Indianapolis has been granted the contract to demolish the vacant Keystone Towers apartment complex with a bid $827,000.
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Startup takes on abandoned homes in IndianapolisRestricted Content

June 25, 2011
Francesca Jarosz
Indianapolis is in the early stages of expanding the practice of land banks, which allow government agencies and not-for-profits to take over tax-foreclosed properties and put them back into productive use,. Land banks have shown positive results in states such as Michigan and Ohio.
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16 Park project helping to transform Indianapolis neighborhoodRestricted Content

June 25, 2011
Scott Olson
The first building of a new complex on near-north side is set to be completed in August
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Bush Stadium fixup fans tax tensionsRestricted Content

June 25, 2011
Francesca Jarosz
The city plans to tap a taxing district downtown to help pay for the Bush Stadium renovation, rekindling concern among some elected officials and taxing experts that the Mayor’s Office is using the massive district to fund whatever special city needs crop up.
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City's Rebuild Indy money to revamp railroad overpassesRestricted Content

June 25, 2011
 IBJ Staff
The city of Indianapolis released bids soliciting contractors to repaint, clean and add lighting underneath the overpasses at Meridian, Pennsylvania and Illinois streets and College and Capitol avenues downtown, and on 10th Street east of the Monon Trail.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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