Government

Downtown apartment developers take divergent paths to financing

October 30, 2010
Cory Schouten
J.C. Hart Co. spent more than a year securing a $5 million bank loan to expand an existing project; Buckingham Cos. turned to the city to finance its ambitious project just north of the Eli Lilly and Co. campus.
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New parking meter plan could yield Indianapolis more cash

October 30, 2010
Francesca Jarosz
The revised plan calls for less money up front, more over the life of the contract and more flexibility to terminate the 50-year deal early.
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Mayor's communications strategist leaving city post

October 29, 2010
Francesca Jarosz
Robert Vane, Ballard’s deputy chief of staff and communications director, plans to start his own firm specializing in crisis and strategic communications. His last day with the city is Nov. 5.
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Ascension aims to cut costs with $10.9M service center

October 29, 2010
Francesca Jarosz
St. Louis-based Ascension Health announced Friday morning that it would open a professional service center in Indianapolis, creating up to 500 jobs by 2013.
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Veolia losing water contract, will get $29M termination fee

October 28, 2010
Chris O'Malley
Playing a limited role under Indianapolis Water's new owner, Citizens Energy, wouldn't be profitable, Veolia says. Citizens plans to make job offers to "substantially all" Veolia employees.
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U.S. attorneys, FBI to watch for voter fraud, abuses

October 28, 2010
Associated Press
The FBI also will have special agents available to receive allegations of election fraud or discrimination.
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City-County Council approves 2011 budget

October 25, 2010
 IBJ Staff
The CIB's $73.1 million budget, which included a $10 million payment to the Pacers for the operation of Conseco Fieldhouse, passed by a 15-14 vote.
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GOP could gain quorum in state Senate election

October 25, 2010
Mary Dieter
Indiana Senate Democrats, long considered the last bastion of liberal thought in state government, are in danger of becoming politically irrelevant after the Nov. 2 election—something they say would disenfranchise nearly 2 million Hoosiers who live in their districts.
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Some council members still unsure about CIB budget

October 25, 2010
Francesca Jarosz
The Capital Improvement Board’s controversial spending plan will face its final trial Monday night as the City-County Council takes up the city’s $1.1 billion budget for next year.
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Indianapolis-area experts see bright spots amid ongoing real estate weaknessRestricted Content

October 23, 2010
Health care shows signs of life, and multi-family buildings continue to hold their own, experts said during a recent IBJ Power Breakfast.
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Post office still seeking rate hike for 2011

October 22, 2010
Associated Press
The U.S. Postal Service had asked for a 2-cent increase in the current 44-cent price for First Class stamps starting in January, but was denied by regulators. It plans to appeal.
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Indiana agency paying law firm $5.25M to sue IBM

October 20, 2010
Associated Press
Barnes & Thornburg of Indianapolis was hired despite several conflicts of interest arising from the fact that it also represents former IBM partners involved in the welfare deal.
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State getting $25M to clean up old GM sites

October 20, 2010
 IBJ Staff and Associated Press
Indiana will benefit from a $25.2 million environmental trust established to clean up and redevelop eight former General Motors plants throughout the state, officials said Wednesday.
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City rolls out revised parking-meter deal

October 20, 2010
Francesca Jarosz
City would reap more cash in the long run and get more flexibility to alter the deal if necessary, but the controversial 50-year term of the contract remains.
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Demolition begins on vacant Speedway motel

October 18, 2010
Scott Olson
The former Budget Inn property near Interstate 465 on the west side of Speedway has been the site of 40 police runs over the past six months.
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Presidential hopefuls Daniels, Pence reflect two sides of GOP

October 18, 2010
Mary Dieter
If Gov. Mitch Daniels and U.S. Rep. Mike Pence become presidential candidates, through them Indiana will represent something of a microcosm of the national Republican Party and its philosophical wings.
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Indianapolis wins state "Green Community of the Year" award

October 16, 2010
 IBJ Staff
Mayor Greg Ballard has unveiled a number of green initiatives, ranging from widespread use of hybrid vehicles to making the City-County Building more energy-efficient.
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Indiana loans for jobless to hit businesses Jan. 1

October 14, 2010
Associated Press
The state will begin paying millions of dollars in penalties and interest to the federal government next year because it has borrowed nearly $2 billion to pay for jobless benefits.
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FSSA secretary gets green light to take new job

October 14, 2010
Associated Press
Family and Social Services Administration Secretary Anne Murphy can take a private-sector job helping a hospital network cope with the federal health care overhaul she opposed as a public official, the state ethics commission said Thursday.
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Rokita to politicians: Careful with donations from union

October 13, 2010
J.K. Wall
Secretary of state warns candidates that if he prevails in court, his securities division staff will pursue any money the candidates received from the Indiana State Teachers Association's political action committee.
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CIB budget could face rough ride in council

October 11, 2010
Francesca Jarosz
Some City-County Council members are skeptical of the Capital Improvement Board's spending plan for 2011 that includes $10 million for the privately operated Indiana Pacers.
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HICKS: Getting a driver's license in five not-so-easy steps

October 9, 2010
Mike Hicks
He had been previously licensed to drive an M1 Tank and various smaller-tracked and -wheeled vehicles. Obtaining an Indiana license, he thought, would be easy. It was not.
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Ailing library eyes new funding source

October 9, 2010
Francesca Jarosz
A state lawmaker is pushing for a law that would allow Indianapolis’ public library system to get a share of local income taxes. But some already are balking at the concept, saying it would divert money from other agencies that need it.
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Ruling cuts $42M award for state workers seeking back pay

October 8, 2010
 IBJ Staff
An appeals court said union workers were eligible for just a couple of months of back pay, rather than for 20 years of back pay.
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Jobless rate holds steady after wave of government layoffs

October 8, 2010
Associated Press
The nation's jobless rate has topped 9.5 percent for 14 straight months, the longest stretch since the 1930s.
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