Indy Parks

Council may give up crime-grant duty to Parks Foundation

February 19, 2011
Kathleen McLaughlin
Under a proposal on its way to the City-County Council, the Indianapolis Parks Foundation would oversee millions of dollars in tax-supported grants for crime prevention.
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City offers another parks facility for lease

January 24, 2011
Francesca Jarosz
Indy Parks & Recreation officials on Monday issued a request for proposals from entities interested in leasing the Riverside Marina facility near 30th Street and White River Parkway.
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City seeks privatization of Velodrome

October 30, 2010
Anthony Schoettle
City officials are hoping that privatizing the Major Taylor Velodrome, which now is in disrepair, will breathe new life into the cycling venue built in 1982 as a key part of Indianapolis’ efforts to become a sports capital.
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City eyes Central State site for sports complexRestricted Content

June 26, 2010
Anthony Schoettle
Indianapolis officials are exploring turning the former Central State Hospital into a 150-acre sports complex that could include facilities for everything from soccer and baseball to tennis and ice skating.
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MOUNAYAR: Indianapolis should rediscover public spaces

May 8, 2010
Michel Mounayar
Too few of the city's revitalization projects are connected by attractive sidewalks, streets, gardens and plazas.
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Ballard solicits business help in aid of Indy Parks

March 4, 2010
Peter Schnitzler
Corporate contributions, volunteerism help shore up struggling city department after recession-driven cuts reduce budget by nearly one-fifth.
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City's plan to raise money with sponsorships takes wing with KFCRestricted Content

January 9, 2010
Anthony Schoettle
Mayor Greg Ballard this month rolled out the first of what he hopes will be 10 to 15 city sponsorship and advertising deals this year, with the aim of saving taxpayers hundreds of thousands of dollars annually.
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City ready to award new golf contracts

December 18, 2009
Kathleen McLaughlin
Indianapolis Mayor Greg Ballard's administration has chosen five local contractors to run 12 municipal golf courses for the next 10 years, and expects to get $6.3 million in capital improvements out of the deal.
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Parks Foundation gets $7.3M Lilly Endowment grant

December 10, 2009
Scott Olson
Lilly Endowment Inc. has awarded the Indianapolis Parks Foundation a $7.3 million grant to fund improvements that include a new pool at Bethel Park on the near-southeast side.
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Novel partnership promotes peace

September 26, 2009
Through partnership with Indy Parks, Peace Learning Center is making a difference in the lives of central Indiana youth and families while enhancing Indy Parks’ mission.
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City's cash-strapped parks turn to private sector for ideas, manpower

September 12, 2009
Peter Schnitzler
Mayor Greg Ballard's administration has asked the businesses for ideas on
                     how Eagle Creek Park and Riverside Regional Park each could cut costs and generate more revenue.
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Budget cuts loom for arts, parks as mayor tries to lessen deficitRestricted Content

August 4, 2008
Peter Schnitzler

After Mayor Greg Ballard's upset victory at the polls last November, local arts leaders were in a panic. They worried the no-nonsense former Marine would put public safety on a pedestal and slash Indianapolis' funding for cultural groups.

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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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