I-69

I-465 bridge in Indianapolis reopens after blast

October 25, 2009
Associated Press
The left eastbound lane over the eastbound bridge and the Interstate 69 southbound ramp to I-465 southbound will remain closed through midweek as crews continue repair work.
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Stretch of I-465 westbound reopens, several ramps still closed

October 23, 2009
The westbound lane of Interstate 465 reopened Friday afternoon on the city's northeast side following the tanker explosion Thursday that closed parts of the expressway in both directions.
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I-69 reopens; I-465 still closed following explosion

October 22, 2009
 IBJ Staff and Associated Press
Indiana State Police are cautioning motorists to steer clear of Interstates 465 and 69 on the northeast side of the city this evening following a propane tanker explosion that closed the roadways.
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Huge truck explosion clogs north-side traffic

October 22, 2009
 IBJ Staff and Associated Press
A liquid propane tanker exploded on a highway ramp Thursday morning, closing Interstates 69 and 465 on the north side of Indianapolis. According to initial TV reports, the closure could be long term due to structural damage caused by the explosion.
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INDOT hires executive to manage Interstate 69 extensionRestricted Content

July 27, 2009
 IBJ Staff
Cost management was the operative phrase in the introduction this month of a highway executive to manage the Interstate 69 extension to Evansville.
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Price tag for I-69 project growingRestricted Content

April 20, 2009
Chris O'Malley
The environmental report shows that the extension for Interstate 69 will cost at least $3 billion.
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Half-billion-dollar traffic plan considered for northeast sideRestricted Content

October 15, 2007
Chris O'Malley
Whether it's southbound I-69 traffic backed up almost to Noblesville, or northbound I-465 traffic a parking lot all the way to 56th Street, the northeast highway system is grossly inadequate at peak hours. But a report issued last month by an INDOT consultant shows a radical, $600 million reconfiguration is in the works.
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Proposed highway could ease congestion, but transit backers say it won'tRestricted Content

November 20, 2006
Chris O'Malley
A 2005 study for the state says an outer highway loop-like the one Gov. Mitch Daniels proposed Nov. 9-would reduce traffic northeast of the city, potentially splashing cold water on a rapid transit plan. But supporters aren't backing down.
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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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