News & Analysis

Schools decry funding disparity in lawsuit

February 24, 2010
Associated Press
Hamilton Southeastern will see its per-pupil spending of $5,000 drop about $100 in 2010 despite a projected 900-student increase, the lawsuit says. Indianapolis Public Schools, which has lost more than 1,000 students a year for the last five years, will receive $7,500 per student in 2010.
More

House approves smoking ban in public places

February 23, 2010
Associated Press
The House has approved legislation that would ban smoking in public places statewide except casinos and pari-mutuel horse racing venues.
More

IU fund-raising campaign meant to expand IUPUI, life sciences

February 23, 2010
Associated Press
Indiana University's president says IU this fall will launch a $1.1 billion fund-raising campaign aimed at expanding the IUPUI campus' life science programs.
More

Brookfield after 30-percent stake in General Growth, source says

February 23, 2010
Bloomberg News
The plan by Toronto-based Brookfield Asset Management would give General Growth Properties a higher valuation than a $10 billion takeover bid by Simon Property Group.
More

IU, Purdue try to preserve research despite budget cuts

February 23, 2010
J.K. Wall
The president of each school will update budget-cutting progress in state-of-the-university speeches Tuesday.
More

Medco profit rises as mail-order generics business grows

February 23, 2010
 IBJ Staff and Bloomberg News
The pharmacy benefits manager, which has major operations in Whitestown, said fourth quarter profit rose 24 percent.
More

Moongate Technologies acquired by Michigan firm

February 23, 2010
Local computer consultant will become part of Dewpoint Inc., upon completion of the acquisition, and will move to Dewpoint's Carmel office, which already has about a dozen employees.
More

Resource Commercial Real Estate pursuing Colliers flag

February 23, 2010
Cory Schouten
Resource Commercial Real Estate is one of a handful of local real estate brokerage firms angling to take over an affiliation with Colliers International.
More

State launches Internet-based relocation tool

February 23, 2010
The Indiana Economic Development Corp.'s new Web site and buildings database, powered by a geographic information system, will provide access to real estate and demographic information.
More

Brightpoint receives foreign trade zone status

February 23, 2010
Granting of foreign trade zone status should help the Indianapolis-based mobile device distributor be more competitive in the global wireless market, company executive says.
More

Lilly, Merck, Pfizer starting research center

February 23, 2010
Associated Press
Three major U.S. drugmakers said they have formed a not-for-profit company in Asia to focus on cancer research and treatments.
More

Growing Indiana schools districts suing over funding

February 23, 2010
Associated Press
Hamilton Southeastern, Franklin Township and Middlebury Community Schools of Elkhart County say the school-funding formula unfairly penalizes districts with growing enrollments.
More

Report: Brookfield plans bid for Simon target General Growth

February 23, 2010
Bloomberg News
Brookfield Asset Management Inc. plans to bid for a stake in General Growth Properties Inc., beating an offer by Indianapolis-based Simon Property Group Inc. for the bankrupt shopping mall owner, the Wall Street Journal reported.
More

Receiver: Insolvent Hansen & Horn should be liquidated

February 22, 2010
Scott Olson
The troubled home builder's $14.5 million in liabilities are twice as much as its assets, receiver tells Marion County judge, who takes the recommendation under advisement.
More

WellPoint gets tax delay in Obama health plan

February 22, 2010
Bloomberg News
Insurers WellPoint Inc. and others would get a delay in taxes on premiums and high-cost medical benefits, along with additional funding for expanding Medicaid, under a White House proposal
More

Obama endorses new taxes, more drugmaker fees

February 22, 2010
Bloomberg News
Obama, seeking to break an impasse over health-care legislation, proposes a plan that includes the first Medicare tax on unearned income such as capital gains and higher fees on drugmakers.
More

Daniels opens door on 2012 presidential campaign

February 22, 2010
Peter Schnitzler
After years of denying interest in a presidential bid, Indiana governor tells Washington Post political writer he may consider bid for Republican nomination on platform of fiscal responsibility.
More

Insurers warn of problems with federal regulator

February 22, 2010
Associated Press
President Obama's latest push for a health care overhaul could drive health plans around the country into insolvency, according to an insurance trade group.
More

Some Indianapolis charters see financial position weaken

February 22, 2010
J.K. Wall
Mayor's report shows smaller cash reserves for many schools, but one charter operator blames late government payments.
More

Metro-area home sales plummet

February 22, 2010
January home sales in the nine-county Indianapolis area fell 16.5 percent from the same month last year, according to a report from Re/Max of Indiana. But the housing news wasn't all bad. The average price of a home in the area jumped 12.1 percent.
More

White River Capital sees jump in quarterly profit

February 22, 2010
White River Capital's profit rose in the fourth quarter, due largely to a strong performance by its main subsidiary, Coastal Credit LLC.
More

Rolls-Royce snares military helicopter contract

February 22, 2010
Rolls-Royce Corp.'s Indianapolis manufacturing facility has been awarded a multimillion-dollar contract by the U.S. Army to develop a digital engine control for one of its helicopters.
More

Bayh's war chest could play role in Senate race

February 22, 2010
Associated Press
Bayh, who announced last week that he would not seek a third term in the Senate, has wide legal flexibility in directing the $12.2 million left in his campaign account.
More

Young & Laramore wins back Stanley Steemer account

February 20, 2010
Anthony Schoettle
Indianapolis’ largest ad agency has achieved a rare coup in the advertising world, winning back one of its biggest former clients: flooring and upholstery cleaning firm Stanley Steemer.
More

Ballard's high-risk IT project could save millions - or flop

February 20, 2010
Peter Schnitzler
Indianapolis Mayor Greg Ballard has decided to overhaul the city's and county's 1970s-era financial IT systems—a move that could cement his reputation for improving government efficiency. But the upgrade also is fraught with risk.
More
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  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

ADVERTISEMENT