News & Analysis

Masco closing local printing division; 67 to lose jobs

February 8, 2011
 IBJ Staff
Masco Support Services, which operates from a 125,000-square-foot warehouse at 300 S. Carroll Road on the city’s far-east side, will begin phasing out operations on April 8.
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Job openings fall for second straight month

February 8, 2011
Associated Press
Employers posted fewer job openings in December, the second straight month of declines. That's a sign hiring is still weak even as the economy is gaining strength.
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n/Frame investing $2 million in disaster-recovery center

February 8, 2011
Carmel-based company is building the 15,000-square-foot facility at its headquarters to consolidate operations. The new center should be ready by May.
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Lilly collaboration with outside researchers yields first deal

February 8, 2011
Chris O'Malley
Eli Lilly and Co.'s PD2 project attracted 30,000 compounds from researchers in 26 countries. And Lilly scientist Alan Palkowitz said it's just the first of many such collaborations.
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HHGregg reports higher profit, lower same-store sales

February 8, 2011
Scott Olson
The Indianapolis-based appliance and electronics retailer lowered its fiscal 2011 outlook on soft demand for pricier televisions and appliances.
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Technicality delays council's North of South vote

February 8, 2011
Tom Harton
A technicality caused the City-County Council on Monday night to put off a final vote on the massive North of South mixed-use project slated to be built on 14 acres north of the Eli Lilly and Co. corporate campus.
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Lawmakers pass bill to expand vote centers

February 7, 2011
Associated Press
The Indiana General Assembly has passed its first bill of the 2011 legislative session: a proposal to allow any Indiana county to use centralized vote centers instead of neighborhood polling precincts.
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Indiana House budget leader expects plan next week

February 7, 2011
Associated Press
The House Ways and Means Committee began taking public testimony Monday about the two-year state budget plan after four weeks of hearings with state agencies and universities.
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Dallas lessons should strengthen Super Bowl in Indy

February 7, 2011
Anthony Schoettle
There’s a lot Indianapolis can learn from the folks in Dallas about hosting a Super Bowl. One of the biggest lessons: Plans are important, but they’re not everything.
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Emmis decision to pay CEO legal fees illegal, financier says

February 7, 2011
Scott Olson
Alden Global Capital, a firm Emmis CEO Jeff Smulyan is suing for backing out of a deal to finance his efforts to take Emmis private, charges that a $200,000 loan Emmis made to pay his legal fees violates the Sarbanes-Oxley Act.
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Council to vote on funding for North of South project

February 7, 2011
The City-County Council will consider Monday evening whether to allow the city to issue $98 million in bonds to finance a portion of the controversial $155 million development.
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Airport garage still open after fabric roof collapse

February 7, 2011
 IBJ Staff
The collapse is being blamed on ice and snow that accumulated on the canopy, sending chunks crashing into the garage’s atrium. Six parked rental cars were damaged, but nobody was hurt.
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Mourdock says he's made decision about Senate run

February 6, 2011
Associated Press
Indiana state Treasurer Richard Mourdock says he's made a decision and will make an announcement soon about whether he'll challenge longtime U.S. Sen. Richard Lugar in the 2012 Republican primary.
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Bill would limit school referendum campaigns

February 6, 2011
Associated Press
State Rep. Cindy Noe, R-Indianapolis, wants to stop schools from using public money and bar school employees from campaigning for referendums that would raise property taxes.
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Indiana's promised scholarships caught in budget bind

February 6, 2011
Associated Press
The growing popularity of the 21st Century Scholars program and the state's recession-driven budget bind has state officials looking to tighten up both the academic and financial requirements.
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Indiana lawmaker pushes Sunday sales of alcohol, cars

February 5, 2011
Associated Press
Indiana shoppers would be able to buy a six-pack of beer or a new car on Sundays if state Sen. Phil Boots is successful in rolling back two of the few remaining blue laws still in effect in Indiana.
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NFL lockout could prove costly to Indy economy

February 5, 2011
Associated Press
The worst case scenario — no season — would mean the city of Indianapolis sustaining the most expensive hit in league history.
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Bill would expand powers of campus police officers

February 5, 2011
Associated Press
Police officers at Indiana colleges and universities could have the same authority as city and county officers under a bill introduced in the General Assembly.
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Indians adding dining option to Victory Field

February 5, 2011
Cory Schouten
The Indianapolis Indians have torn out about 400 seats in Victory Field's left flank to make way for Captain Morgan Cove—an open-air restaurant and bar that will feature a menu separate from other stadium offerings and table service for up to 120 fans.
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Tax credit would benefit public school foundationsRestricted Content

February 5, 2011
Kathleen McLaughlin
Ellettsville Democrat Vi Simpson wants to create an income-tax credit for gifts to public-school foundations, which could compete with one that’s already available for private-school scholarships.
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Software startup takes on personal finance heavyweightsRestricted Content

February 5, 2011
Francesca Jarosz
MyJibe forces everyday consumers to set savings goals and plan what they will need to spend before they spend it.
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Bond wariness might make it tough for cities to borrowRestricted Content

February 5, 2011
Francesca Jarosz
Interest rates on municipal bonds have ticked up in the last two months to pre-recession levels as investors have pulled their money from bond funds in droves. That pattern has begun, gradually, to reverse, but the higher rates could add to the cost of issuing debt for pending city projects.
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New rules rile Steak n Shake franchiseesRestricted Content

February 5, 2011
Cory Schouten
Franchise owners of Steak n Shake restaurants are revolting against parent company Biglari Holdings Inc. just as the chain plans a nationwide expansion fueled by franchising.
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Health insurance brokers set for shakeoutRestricted Content

February 5, 2011
J.K. Wall
Health insurance brokers, who match up employers with health insurance policies, are about to have a brighter light shone on the commissions they earn from insurers. The likely result: Commissions will fall or flatline and, eventually, fall away in favor of fee-based business models.
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Will city be ready for Super Bowl blitz?

February 5, 2011
Anthony Schoettle
The compact nature of downtown Indianapolis—long seen as a major draw for conventions and other events—is creating challenges for organizers of next year’s Super Bowl.
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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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