Monroe Co.

GE dropped planned investment in Bloomington factory

September 20, 2013
Associated Press
A GE Appliances spokeswoman says a $161 million investment announced three years ago was never made at a southern Indiana refrigerator factory where 160 jobs are now being cut.
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State OKs private financing for roadworkRestricted Content

May 4, 2013
Kathleen McLaughlin
The Indiana Department of Transportation will press ahead with a request for proposals on Interstate 69 from Bloomington to Martinsville, in hopes that a public-private partnership will stretch limited state funds.
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IU’s tech chief using university's clout to save millions on softwareRestricted Content

October 13, 2012
J.K. Wall
Universities are the hubs of the world’s knowledge economy, but they typically aren’t the smartest business operators in the world. Brad Wheeler, chief information officer at Indiana University in Bloomington, is working to change that.
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Bloomington officials narrowly OK I-69 extension

March 9, 2012
Associated Press
A Bloomington planning panel voted narrowly Friday to back off its opposition to a section of the Interstate 69 extension from Indianapolis to Evansville that would pass through Monroe County.
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Bloomington hires firm to plan technology park

February 10, 2012
Associated Press
Development officials have hired a company to plan a downtown Bloomington technology park they hope can eventually spawn a bustling high-tech business hub in the southern Indiana city.
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Indiana University aims to raise $5B in a decade

September 29, 2010
 IBJ Staff and Associated Press
Indiana University President Michael McRobbie says the university is in "constant campaign mode," and private philanthropy is vital for enhancing student financial aid, endowed faculty chairs, specialized buildings and academic initiatives.
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Indiana universities nearly double research spendingRestricted Content

August 28, 2010
J.K. Wall
In the last 10 years, Indiana’s major research universities—Indiana and Purdue—have nearly doubled their science-based research budgets, to a total of $895 million. Yet Indiana’s public universities still run in the middle of the pack nationally.
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Fish sculpture poached from iconic IU fountain

August 12, 2010
Associated Press
A bronze fish that is part of the Bloomington campus's Showalter Fountain is missing just a year after it was replaced following an absence of more than 20 years.
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Bloomington Brewing Co. planning expansion

June 17, 2010
Associated Press
A small brewery in southern Indiana plans to start selling its beer around the state as a new facility will boost its production capacity by 1,000 percent.
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IU targets tech-transfer gap

May 15, 2010
Kathleen McLaughlin
Indiana University is showing signs that it's finally serious about translating research into commercial product, through grants it is awarding via its $10 million Innovate Indiana Fund and by developing a computing technology mini-campus.
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Bloomington chamber weighs in on chain-store ban

November 4, 2009
Kathleen McLaughlin
The Greater Bloomington Chamber of Commerce is opposing Mayor Mark Kruzan’s proposal to restrict chain stores and restaurants downtown.
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Cook: Tax could kill 1,000 jobs in Bloomington

October 21, 2009
J.K. Wall
Bloomington-based Cook Group Inc. could find itself cutting as many as 1,000 local jobs if Congress enacts a tax on medical devices to pay for health care reform, company founder Bill Cook said in an interview.
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Bloomington mayor to roll out chain-store ordinance for downtown

October 17, 2009
Kathleen McLaughlin
Bloomington Mayor Mark Kruzan believes this beloved college town loses a bit of its identity every time a national chain sets up shop.
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Bloomington wins recognition for being gay-friendlyRestricted Content

November 17, 2008
A national newsmagazine for the gay and lesbian community has named Bloomington as its top U.S. small-town vacation destination.
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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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