News & Analysis

Builders offer new twist on move-up incentive

March 2, 2011
Kathleen McLaughlin
Instead of offering to help would-be buyers of new houses sell their old homes, Marketplace is offering to become a rental property manager for as long as six years.
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Pac-Van moving headquarters to city’s east side

March 2, 2011
The Indianapolis company that leases mobile offices and storage units plans to move from its south-side location by April 1.
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Indiana-made electric cars recalled for 3rd time

March 2, 2011
Associated Press
Think North America has filed documents with the National Highway Traffic Safety Administration recalling 23 of its City electric cars produced late last year.
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WellPoint expects employer biz to stagnate

March 2, 2011
J.K. Wall
Over the next five years, WellPoint Inc. expects the employer-sponsored insurance business to shrink slightly, forcing it to shift its focus to government-sponsored plans.
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Community wins sweepstakes for Johnson partnership

March 2, 2011
J.K. Wall
Community Health Network won a three-way race for a close partnership with Johnson Memorial Hospital, besting Franciscan St. Francis and Indiana University Health.
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Plastics firm plans expansion, 54 new jobs

March 2, 2011
 IBJ Staff
Fortville-based Genesis Plastics Welding plans to invest over $3.3 million to expand its existing production facility east of Indianapolis, adding as many as 54 new employees by 2014.
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Another pay TV battle as Dish, Lin spar over fees

March 1, 2011
Associated Press
Another battle over pay TV fees is coming down to the wire — this time over what Dish Network is paying TV station owner Lin TV Corp. to retransmit signals of 27 stations, including WISH-TV in Indianapolis.
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U.S. fines 3 theater companies over child labor

March 1, 2011
Associated Press
Operators of three of the nation's biggest movie theater chains have paid more than $277,000 in federal fines over allegations that they violated child-labor laws, the Labor Department announced Tuesday.
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Dow Chemical moves toward engineered corn patent

March 1, 2011
Associated Press
Dow Chemical Co.'s agricultural division said it has taken the next step toward gaining international patent rights for its new strain of genetically engineered corn that it says will help farmers battle a new strain of "super-weeds."
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Bosma considers fines for boycotting Democrats

March 1, 2011
Associated Press
Indiana House Speaker Brian Bosma says fines are among the only options left to try and persuade boycotting Democrats to return to the Statehouse after a week spent in Illinois.
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UPDATE: Bioanalytical researcher opening lab in Indianapolis

March 1, 2011
Advion BioServices is expected to open the lab at Purdue Research Park in Indianapolis in May with 49 employees. Some of the workers may come from Eli Lilly and Co., which is moving its drug-discovery bioanalytical operations to Advion as part of a partnership.
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Key House Republican praises Obama housing plan

March 1, 2011
Associated Press
The Obama administration's plan to gradually dissolve ailing housing giants Fannie Mae and Freddie Mac and to shrink the government's role in the mortgage market drew praise from House Republicans on Tuesday.
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Second Helpings names CEO

March 1, 2011
Kathleen McLaughlin
Second Helpings named Jennifer Vigran, a human resources professional and past board member, its new CEO.
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Indiana private-school voucher bill faces changes

March 1, 2011
Associated Press
To win solid support for the bill from his own caucus, House Speaker Brian Bosma said Republicans are considering limiting the number of students who could receive vouchers and may further restrict qualifying income levels.
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Construction activity falls to near-decade low

March 1, 2011
Associated Press
The current pace of construction activity is just about half of the $1.5 trillion level that economists believe would signal a healthy construction sector.
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Interactive Intelligence buys German firm

March 1, 2011
Kathleen McLaughlin
Indianapolis-based Interactive Intelligence Inc. has acquired Agori Communications in an all-cash transaction, announced Tuesday morning.
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City-County Council OKs new crime grants board

March 1, 2011
Kathleen McLaughlin
The Indianapolis Parks Foundation will administer the city's tax-supported crime grants program, under a proposal approved Monday night 26-0 by the City-County Council.
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North of South development to start this summer

March 1, 2011
Tom Harton
Now that financing for Buckingham Cos.’ massive project has the city’s blessing, the local developer is turning its full attention to construction of the 14-acre, mixed-use complex.
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Republicans turn up public pressure on Dem holdouts

February 28, 2011
Associated Press
Republicans are trying to turn up the political heat on Indiana House Democrats who left the state to stall labor- and education-related bills they find objectionable.
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Bankruptcy filings ease slightly in Indiana

February 28, 2011
Scott Olson
Total bankruptcy filings in the Southern District of Indiana, which encompasses Indianapolis and the surrounding counties, ticked down last year. Business bankruptcies in Indiana dropped 3.2 percent.
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IPO could help ease Allison Transmission's debt

February 28, 2011
Kathleen McLaughlin
Allison Transmission Inc.'s enormous debt load is probably one factor driving the company to consider a public offering, an investment analyst said Monday morning.
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Indiana House Democrats take boycott into second week

February 28, 2011
Associated Press
House Democrats say they won't return to the Statehouse unless Republicans give into their demands to change labor-related legislation.
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Rising pump prices rattle drivers, businesses

February 28, 2011
Associated Press
High fuel prices are forcing tough choices on small-business owners who are loathe to charge more for fear of losing cost-conscious customers.
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Tax cut lifts incomes, but spending barely rises

February 28, 2011
Associated Press
Consumers increased spending 0.2 percent in January, the smallest gain since June, the Commerce Department reported Monday. Personal incomes jumped 1 percent, reflecting the 2 percentage point reduction from the Social Security tax cut.
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Congress takes up major change in patent law

February 28, 2011
Associated Press
Congress has been trying for well over a decade to rewrite patent law, only to be thwarted by the many interested parties.
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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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