News & Analysis

CIB deal won't fix all of Pacers' woes

July 17, 2010
Anthony Schoettle
The $33.5 million the Capital Improvement Board is providing the Indiana Pacers is merely a Band-Aid that will do little to solve serious short-term and long-term issues facing the team.
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Children's Museum plans neighborhoods' revitalization

July 17, 2010
Kathleen McLaughlin
The Children's Museum of Indianapolis is about to expand its role in urban redevelopment. It has already invested more than $1 million in the half-dozen blocks around its campus on North Meridian Street, and now plans to help create a comprehensive plan for an area that encompasses six nearby neighborhoods.
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Health care reform means changes for Indiana employersRestricted Content

July 17, 2010
Norm Heikens, Scott Olson, J.K. Wall
Nearly four months after President Barack Obama signed a health reform bill into law, businesses are still grappling with its impact on the health benefits they offer their employees.
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Interactive Intelligence partners on social media applicationRestricted Content

July 17, 2010
Chris O'Malley
The Indianapolis software company has partnered with Cambridge, Mass.-based Buzzient Inc. to allow clients to monitor chatter about them on Facebook and other sites.
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Proposed air pollution rule could cost utilitiesRestricted Content

July 17, 2010
Chris O'Malley
Indiana’s utilities are scrambling to assess the cost of tighter air pollution limits proposed this month by the Environmental Protection Agency that could drive up electric rates.
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Ballard takes aim at vacant homes

July 17, 2010
Peter Schnitzler
If Mayor Greg Ballard successfully closes the $1.9 billion sale of the city's water and sewer utilities to Citizens Energy, some of the proceeds will be used to bulldoze or rehabilitate 2,000 to 4,500 abandoned, unsafe homes during the next two years.
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CIB approves $33.5 million deal to keep Indiana Pacers

July 16, 2010
Mason King
The three-year agreement is designed to help the franchise shoulder the costs of operating Conseco Fieldhouse. One dissenting voice called the team and city back to the negotiating table for a longer-term deal.
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NCAA must face ticket lottery lawsuit, court rules

July 16, 2010
Bloomberg News
The National Collegiate Athletic Association must face a lawsuit by consumers claiming the organization unlawfully profits from a ticket lottery.
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Education Roundtable hires former union lobbyist as director

July 16, 2010
J.K. Wall
Dan Clark will direct efforts to coordinate and align Indiana’s K-12 and postsecondary educational systems, as well as work force agencies like the Department of Workforce Development.
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CIB saves $1M after state agrees to lower loan rate

July 16, 2010
Anthony Schoettle
State officials decided to reduce the interest rate on a $9 million loan to the city's Capital Improvement Board by 1 percentage point. The news couldn't come at a better time for the agency, which is trying to find money to assist the Indiana Pacers.
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Attorneys argue widow should remain Simon estate trustee

July 16, 2010
Cory Schouten
Attorneys for Bren Simon argued Friday she has served capably to date as executor of the estate of her late husband, Melvin Simon, as shown in a series of moves she made to transfer his stake in the Indiana Pacers.
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INSIDE DISH: Vegas-themed eatery eyes breaking even

July 16, 2010
Mason King
Dish_Vegas_WatchVideoHal's Fabulous Vegas Bar & Grille, with a big stake from owner Hal Yeagy, is battling the economy, increased competition and the expectations of south-side diners.
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Library board saves branches, seeks long-term fix

July 16, 2010
 IBJ Staff
The Indianapolis-Marion County Public Library board of trustees agreed Thursday to keep open two library branches targeted for closure next year. Board members also outlined $2.5 million in proposed budget cuts for 2011 to help stem the growing gap between revenue and expenses.
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State reserves down nearly half despite spending cuts

July 16, 2010
 IBJ Staff and Associated Press
Indiana brought in $957 million less in revenue than it budgeted for fiscal year 2010, forcing it to use almost half its reserves, Indiana State Auditor Tim Berry announced Friday morning.
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Appeals court reverses Bargersville annexation

July 16, 2010
 IBJ Staff
The Indiana Court of Appeals on Thursday overturned the town of Bargersville’s annexation of land that Greenwood officials also wanted to take over, saying it failed to get the required consent from property owners.
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IMA plans arts installations along White River

July 16, 2010
Kathleen McLaughlin
The Indianapolis Museum of Art will receive a $200,000 National Endowment for the Arts grant for a series of installations along a six-mile stretch of the White River.
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Ex-Indiana University player Leary pleads guilty in fraud

July 16, 2010
Associated Press
Todd Leary of Carmel pleaded guilty in court Thursday to a felony charge of misappropriating title insurance escrow funds. His agreement with prosecutors calls for him to face up to three years in prison, with that cut in half if he pays nearly $295,000 in restitution.
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Indiana Medicaid chief: Feds leave states in dark

July 15, 2010
Associated Press
Indiana and other states face a struggle as they grapple with putting the health care changes into place in a relatively short span of time while they also contend with the economic downtown and strained state budgets.
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UPDATE: Bren Simon criticizes stepchildren in court hearing

July 15, 2010
Cory Schouten
In a deposition aired during an estate hearing, Bren Simon described her stepchildren as spoiled, vicious and hurtful, and said they refused to accept her as family during 37 years of marriage to late mall billionaire Melvin Simon.
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Lilly reveals plans to cut 340 IT jobs

July 15, 2010
J.K. Wall
The Indianapolis-based drugmaker eliminated 140 information technology jobs in June through retirements, resignations and some cuts. Another 115 cuts will be made this month, and the remainder by the end of the year.
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Inlow heirs accuse Fifth Third, Hall Render of fraud

July 15, 2010
J.K. Wall
A bitter battle between the heirs of former Conseco Inc. executive Lawrence Inlow and the bank and attorneys overseeing his estate will get a hearing Friday in Hamilton County Court
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Beer brewer feuding with Franklin over incentives

July 15, 2010
Anthony Schoettle
San Diego-based TailGate Beer is supposed to create as many as 150 jobs in Franklin, but the plan has been delayed while the sides squabble about financial disclosures.
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Sparks fly at Simon estate hearing

July 15, 2010
Cory Schouten
Details of years of squabbling between family members of the shopping mall magnate Mel Simon have begun to emerge in a court battle over the late billionaire's estate.
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President nominates Hogsett for U.S. Attorney

July 14, 2010
Michael W. Hoskins
The White House has chosen an Indianapolis labor and employment attorney to be the next U.S. Attorney for the Southern District of Indiana.
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LEADING QUESTIONS Not-for-profit prez: 'Take a breath'

July 14, 2010
Mason King
Amstutz_watchvideoKeira Amstutz of the Indiana Humanities Council has counterintuitive advice for fundraising pitches, plus counsel on finding balance and avoiding overthinking.
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