Government

CIB saves $1M after state agrees to lower loan rate

July 16, 2010
Anthony Schoettle
State officials decided to reduce the interest rate on a $9 million loan to the city's Capital Improvement Board by 1 percentage point. The news couldn't come at a better time for the agency, which is trying to find money to assist the Indiana Pacers.
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Library board saves branches, seeks long-term fix

July 16, 2010
 IBJ Staff
The Indianapolis-Marion County Public Library board of trustees agreed Thursday to keep open two library branches targeted for closure next year. Board members also outlined $2.5 million in proposed budget cuts for 2011 to help stem the growing gap between revenue and expenses.
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State reserves down nearly half despite spending cuts

July 16, 2010
 IBJ Staff and Associated Press
Indiana brought in $957 million less in revenue than it budgeted for fiscal year 2010, forcing it to use almost half its reserves, Indiana State Auditor Tim Berry announced Friday morning.
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Appeals court reverses Bargersville annexation

July 16, 2010
 IBJ Staff
The Indiana Court of Appeals on Thursday overturned the town of Bargersville’s annexation of land that Greenwood officials also wanted to take over, saying it failed to get the required consent from property owners.
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President nominates Hogsett for U.S. Attorney

July 14, 2010
Michael W. Hoskins
The White House has chosen an Indianapolis labor and employment attorney to be the next U.S. Attorney for the Southern District of Indiana.
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City receives $4.9 million for homeless initiatives

July 9, 2010
Federal funds will help provide 69 additional beds in three Indianapolis locations, including a large apartment complex on the east side.
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New Jersey names Indiana's Walsh to head investment division

July 8, 2010
 IBJ Staff and Bloomberg News
Timothy Walsh will take over a $68 billion pension fund, eight times larger than the $8.5 billion Indiana State Teachers Retirement Fund he headed since 2008.
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Joe Andrew to chair international law firm

July 3, 2010
 IBJ Staff
The former chairman of the Democratic party in Indiana was named co-chairman of the firm resulting from the June 9 merger of Washington, D.C.-based Sonnenschein Nath & Rosenthal LLP and United Kingdom-based Denton Wilde Sapte LLP.
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CIB audit shows agency finances improving

July 2, 2010
Scott Olson
The Capital Improvement Board earned $10 million last year after reporting a $16.8 million loss in 2008. Its financial future is clouded, however, by talks with the Indiana Pacers over Conseco Fieldhouse operating costs.
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Employers mull legal challenge to new state gun law

July 1, 2010
Scott Olson
Indiana Chamber of Commerce president says several members have inquired about pursuing legal action, though nothing formal is in the works yet.
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House speaker continues quest for jobs data

June 30, 2010
Scott Olson
State Rep. Pat Bauer says employment figures provided by the Indiana Economic Development Corp. are a good start but insists the agency is not revealing everything it can.
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Ex-Commerce chief: Lift the veil on state incentive deals

June 25, 2010
Peter Schnitzler
The former executive director of IEDC's predecessor agency argues that regular headcount disclosure is a key part of the economic development process once incentive deals have been struck with companies.
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Lawmakers approve big Wall Street revamp

June 25, 2010
Bloomberg News
Bill headed for Obama's desk would reform financial regulation in effort to protect consumers, curb risks, boost surveillance of threats to markets, and give regulators more emergency powers to avoid future bank bailouts.
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CIB, Pacers discussing three-year deal

June 17, 2010
Anthony Schoettle
City officials want to wait until economy, National Basketball Association labor situation stabilize before entering longer-term deal. Optimism remains deal can get done by June 30.
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Democrat Williams drops out of race for mayor

June 15, 2010
Brian Williams said Tuesday that he is dropping his bid to challenge Mayor Greg Ballard in 2011, paving the way for front runner Melina Kennedy to represent the Democrats.
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Young workers help Indiana parks during cutbacks

June 14, 2010
Associated Press
Indiana Department of Natural Resources spokesman Phil Bloom said the 1,665 young workers hired by the DNR will help seasonal workers with important maintenance work at many of the state's 24 state parks and dozens of other properties.
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House Speaker pushes IEDC over job-creation numbers

June 14, 2010
Peter Schnitzler
Pat Bauer sent Indiana Secretary of Commerce Mitch Roob a letter formally requesting the Indiana Economic Development Corp. disclose public records about promises companies gave the state in exchange for job-creation incentives.
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INDOT commissioner to step down for Duke Energy post

June 9, 2010
Indiana Department of Transportation Commissioner Mike Reed is resigning to become president of Duke Energy's Indiana operations. Michael B. Cline, INDOT's deputy commissioner of operations, will replace him.
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Ballard bets big on $16 million software project

June 9, 2010
Peter Schnitzler
Concluding a year-long evaluation and public bidding process, mayor chooses Oracle's PeopleSoft to replace local government's 1970s-era financial IT system and New York-based Zanett Inc. to lead the implementation.
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Indiana pension fund officer takes N.C. post

June 8, 2010
 IBJ Staff and Associated Press
The chief investment officer for Indiana's public employee pension fund is taking a similar job in North Carolina at a base salary of $320,000.
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Walgreen gets OK to sell booze at 18 more stores

June 7, 2010
Scott Olson
The Local Alcoholic Beverage Board of Marion County recommended permits for 18 of the 28 stores for which Walgreens is seeking to sell alcohol. Approval by the Indiana Alcohol Tobacco Commission could happen as soon as June. 15.
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Daniels inches closer to presidential run

June 7, 2010
Peter Schnitzler
Aiming Higher PAC plans June 15 fundraiser within sight of the White House on Republican Indiana Gov. Mitch Daniels' behalf.
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Indiana contractors scramble for certification to remove leadRestricted Content

June 5, 2010
Norm Heikens
New U.S. Environmental Protection Agency rules force precautions on paint chips, dust.
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Bauer requests federal probe of Bales' real estate deals

June 4, 2010
 IBJ Staff
IBJ investigation prompts top state Democrat's letter to U.S. Department of Health and Human Services.
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Ballard announces $4 million City Market overhaul

June 4, 2010
Peter Schnitzler
Restoration project, slated to last nearly a year, will redesign vendor stand facades, improve lighting and introduce a regular schedule of live entertainment at the historic venue.
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  1. Yes sir keep cashing those 300K a year checks direct to IMS, while millions disappear from the teams like Rahal's. Guess there wasn't enough ka- ching going around to keep Sarah Fisher in business without their "merger". LOL._____.Meanwhile back in Realville the series with the "best racing in the world" drew what appeared to be about 5000 live spectators ( and probably 1500 of those Target "freebies", and was beaten in the ratings by a series that reportedly consists of "parades" and aired while most people are still sleeping. That will generate those big ka-chings for sure. :-). But, hey, as long as the Speedway gets the cash who gives a damn about the teams?

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  3. If I could actually get the prices...I would do this on my own. We need laws that force provides to publish the costs they will charge. Everyone else gives you the price in advance...except hospitals.

  4. I was under the impression that fencing is not allowed on a front yard and that on a corner, both sides are considered "front" yards, therefore can't be fenced without a variance. Also impedes the visibility for drivers at the intersection. Am I understanding this correctly? Might be why a fence was not included in the plans and a request for a variance will have to be made?.

  5. I was a big fan of Cowards and Carrots, which I got a chance to see at the show. It's currently on Kickstarter, but the designer also put out What's He Building in There last year, which got a fair amount of buzz.

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