News & Analysis

Area homebuilding permits hit August decline

September 16, 2014
 IBJ Staff
Permit filings for home construction in central Indiana fell 4 percent in August, the second straight month of declining activity in the homebuilding market.
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Toyota adding 180 jobs at Indiana factory

September 16, 2014
Associated Press
Strong sales for the Highlander and Sequoia SUVs as well as Sienna minivans have boosted production at the 4,700-worker factory near Princeton.
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Indiana rail upgrade decision expected this fall

September 16, 2014
Associated Press
The proposal from Louisville & Indiana Railroad and CSX Transportation would allow the line between Indianapolis and Louisville to handle larger and faster trains.
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Simon spinoff plans $4.3B merger with Ohio mall firm

September 16, 2014
 Bloomberg News and IBJ Staff
Washington Prime Group Inc. has agreed to buy Glimcher Realty Trust of Columbus, Ohio, in a deal valued at about $4.3 billion when including assumed debt. As part of the transaction, Simon Property Group will acquire two malls for $1.09 billion in cash.
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Cummins selects firm to design downtown office building

September 16, 2014
Scott Olson
The firm has chosen New York-based Deborah Berke Partners to design its $30 million global distribution headquarters that will be built on part of the site where Market Square Arena once stood.
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Greenwood eyes more land for development along I-65

September 16, 2014
Scott Olson
Though plans for a $22 million hotel and indoor sports complex seem in jeopardy, the city of Greenwood has other projects in the works along Interstate 65, including a new interchange and possibly an apartment development.
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Fishers mobile app developer lands $1M in VC funding

September 16, 2014
Jared Council
Bluebridge Digital LLC, which creates and manages mobile software applications primarily for not-for-profits, announced Tuesday that it closed a $1 million round of venture capital fundraising and plans to double its work force within a year.
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Lilly to pay AstraZeneca up to $500M in Alzheimer’s push

September 16, 2014
Bloomberg News
The two companies will work together to develop AZD3293, which belongs to a novel class of drugs called BACE inhibitors that block production of amyloid, a protein that causes plaque to build up in the brain of Alzheimer’s patients.
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Indiana reports increase in 2013 workplace deaths

September 16, 2014
Associated Press
The Labor Department reports there were 123 worker deaths last year, up from 115 a year earlier but still the third-lowest number in the past 22 years.
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Sheriffs: Mentally ill people swamping Indiana jails

September 15, 2014
Associated Press
County jails have become the "insane asylum" for Indiana as state hospital care for the mentally ill has declined, a sheriff told a legislative committee in Indianapolis on Monday.
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Opus seeks tax breaks on $10.9M building near airport

September 15, 2014
Jeff Newman
A tax-abatement request for the project filed with the city last week said the 434,400-square-foot flex industrial building will be built on a speculative basis.
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Carmel developer pitching $150M Midtown plan

September 15, 2014
Andrea Muirragui Davis
Carmel-based Old Town Development LLC expects to file plans this week for a $150 million redevelopment project on 11 acres in the suburban community’s blighted Midtown area, between Carmel City Center and the Arts & Design District near the Monon Greenway.
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Recent wins worth $4B to Lilly market value

September 15, 2014
J.K. Wall
Lilly is finally putting meat on the bones of its predictions about its experimental diabetes and cancer drugs. That gives investors the certainty they crave that Lilly’s future revenue won’t remain in its 2014 doldrums.
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Stay issued in Indiana gay marriage ban case

September 15, 2014
Associated Press
Same-sex couples hoping to get married in Indiana will have to wait until the U.S. Supreme Court addresses the question of whether gay marriage bans are constitutional.
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Indy housing market stumbles to glum milestone

September 15, 2014
Mason King
Home-sale agreements in August declined 9.6 percent, marking the 12th consecutive month of declining deals for houses in the nine-county Indianapolis area.
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Couple revamps old roadside motel into apartments

September 15, 2014
Associated Press
The Kaiden, a 13-unit hotel just off the National Road between Indianapolis and Greenfield, has been reborn as an apartment building called The Village.
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Liquidation not needed, developer HDG Mansur tells court

September 15, 2014
 Bloomberg News and IBJ Staff
Two affiliates of troubled Indianapolis-based developer HDG Mansur oppose requests to appoint a Chapter 11 trustee or convert the case to a liquidation in Chapter 7, saying significant progress has been made toward a plan and global settlement of claims.
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Year wait expected for start of Wigwam work

September 15, 2014
Associated Press
The developer taking over Anderson's Wigwam gymnasium is expecting to start work at the complex in about a year. The group plans to convert part of the complex into 55 multifamily housing units while maintaining the gym.
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S&P report: Stagnant incomes threaten Indiana revenues

September 15, 2014
Associated Press
Sales tax is Indiana's largest source of revenue. But it is tied to consumer spending, and Americans have become increasingly reluctant to spend as median incomes have remained virtually stagnant over the past 30 years.
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DCS struggles to keep accurate caseload tally

September 14, 2014
Associated Press
Indiana has hired more case workers to keep track of its most vulnerable residents. But complaints about overwork continue to surface as the state battles questions about the accuracy of data on caseloads.
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Bloomington inventor's game explores origins of life

September 14, 2014
Associated Press
Mark White's newest invention is a 3D board game called "Mutation," a clicking, clacking puzzle ball. It's best described as tic-tac-toe on the surface of a sphere.
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'Transparent' government often elusive for right and left

September 14, 2014
Associated Press analysis
The promise of "transparent" government is almost universally popular among politicians. But the talking point of transparency often remains just that: a talking point.
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Unauthorized demolition of historic home sparks lawsuit

September 13, 2014
Cory Schouten
Indiana Landmarks is going to court over the unauthorized demolition of a historic home in Fall Creek Place that likely was built in the 1890s.
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Legislators to reconsider aid for struggling casinos

September 13, 2014
Kathleen McLaughlin
Indiana legislators were lukewarm to assistance for casinos in 2013, but two years of declining revenue and new leadership on the issue could change their minds.
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Data deluge prompts teacher colleges to extend training after graduationRestricted Content

September 13, 2014
J.K. Wall
Rattled by new state teacher ratings, the colleges hope to avoid black eyes, themselves.
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  1. You are correct that Obamacare requires health insurance policies to include richer benefits and protects patients who get sick. That's what I was getting at when I wrote above, "That’s because Obamacare required insurers to take all customers, regardless of their health status, and also established a floor on how skimpy the benefits paid for by health plans could be." I think it's vital to know exactly how much the essential health benefits are costing over previous policies. Unless we know the cost of the law, we can't do a cost-benefit analysis. Taxes were raised in order to offset a 31% rise in health insurance premiums, an increase that paid for richer benefits. Are those richer benefits worth that much or not? That's the question we need to answer. This study at least gets us started on doing so.

  2. *5 employees per floor. Either way its ridiculous.

  3. Jim, thanks for always ready my stuff and providing thoughtful comments. I am sure that someone more familiar with research design and methods could take issue with Kowalski's study. I thought it was of considerable value, however, because so far we have been crediting Obamacare for all the gains in coverage and all price increases, neither of which is entirely fair. This is at least a rigorous attempt to sort things out. Maybe a quixotic attempt, but it's one of the first ones I've seen try to do it in a sophisticated way.

  4. In addition to rewriting history, the paper (or at least your summary of it) ignores that Obamacare policies now must provide "essential health benefits". Maybe Mr Wall has always been insured in a group plan but even group plans had holes you could drive a truck through, like the Colts defensive line last night. Individual plans were even worse. So, when you come up with a study that factors that in, let me know, otherwise the numbers are garbage.

  5. You guys are absolutely right: Cummins should build a massive 80-story high rise, and give each employee 5 floors. Or, I suppose they could always rent out the top floors if they wanted, since downtown office space is bursting at the seams (http://www.ibj.com/article?articleId=49481).

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