News & Analysis

BKD gets bigger with Chicago, Dallas acquisitions

September 30, 2014
 IBJ Staff
National accounting powerhouse BKD LLP, which has major operations in Indianapolis, is expanding its territory with two acquisitions announced this week.
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Indiana casinos want wagering, admission taxes cut

September 30, 2014
Associated Press
A legislative committee is weighing requests from Indiana casino operators to reduce the state's wagering tax rates and eliminate the $3 admission tax for everyone who enters a riverboat, even if not gambling.
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Cumberland eyes pavilion for markets, festivals

September 30, 2014
Associated Press
Town officials are eyeing a $1 million project to turn the former Schreiber Lumber pavilion near Carroll Road into a trailhead to host farmers markets, festivals, fundraisers and more.
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Developer plans 4-story addition to Mass Ave. office building

September 30, 2014
Scott Olson
Gershman Partners, which bought the Marott Center less than a year ago, wants to build the addition on an adjacent surface lot.
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RV industry shipments on best pace since 2007

September 30, 2014
Associated Press
RV shipments for the first eight months of 2014 have reached about 246,000 units, a gain of 9 percent from 2013.
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High demand for road salt pushes costs up for state, city

September 29, 2014
 Associated Press and IBJ Staff
The Indianapolis Department of Public Works will pay 11.5 percent more for road salt this winter than it did a year ago. Salt prices on regional bids across the state are now an average of 57 percent higher than last year's prices, according to INDOT.
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Tax caps have greatest impact for rental-property, farm owners

September 29, 2014
 The Statehouse File
The owners of rental homes and apartments are among the property owners that are helped most by a tax cap system the state fully implemented in 2010.
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Cook CEO tops list of richest Hoosiers

September 29, 2014
 IBJ Staff
Cook Group Inc. CEO Carl Cook is among four Hoosiers on Forbes' annual list of the 400 richest people in America.
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Should Endocyte abandon a cancer drug that works?

September 29, 2014
J.K. Wall
Endocyte's lead drug showed big impact on lung cancer patients, but some analysts think the company should scrap it for a newer drug that is more powerful.
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Washington Square Mall losing biggest tenant

September 29, 2014
Jeff Newman
Sears Roebuck and Co. plans to close its 194,680-square-foot anchor store in early December, the retailer confirmed Monday. A liquidation sale began Friday.
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Coalition announces legislative agenda aimed at public fraud

September 29, 2014
 The Statehouse File
A group of officials representing local, state and federal governments will push a series of legislative proposals meant to protect public funds and speed the recovery of tax dollars lost to fraud.
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Food distributor to open natural-gas fueling station

September 29, 2014
Kathleen McLaughlin
Indianapolis-based Delco Foods plans to break ground Wednesday on a new compressed natural gas fueling station at 8775 Zionsville Road to serve its own delivery fleet as well as the public.
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ATM, overdraft fees keep climbing, bank survey says

September 29, 2014
Associated Press
The average fee for using an out-of-network ATM has vaulted 23 percent over the past five years. It has notched a new high for eight years in a row.
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Indiana farm fatalities continue downward trend

September 29, 2014
Associated Press
The report says Indiana has had fewer than 30 documented deaths from farm-related accidents each year since 1996.
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Reservoir talk not moving Mounds shopping mall

September 29, 2014
Associated Press
Mounds Mall leasing official Jesse Wilkerson said new tenants are being actively sought for the mall, but it is exploring options for relocating, if necessary.
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NiSource to split into two publicly traded companies

September 29, 2014
Bloomberg News, Associated Press
Merrillville-based NiSource will continue to provide natural gas and electricity to more than 3 million customers, while Houston-based Columbia Pipeline Group will own 15,000 miles of natural gas transmission pipelines.
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Former workers file suit against state lawmaker

September 28, 2014
Associated Press
A state lawmaker who was one of nine Republican state senators to vote against a right-to-work law two years ago is accused in a lawsuit of failing to pay his employees more than $220,000 in wages and other benefits.
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Camp Atterbury ready for large groups of soldiers

September 28, 2014
Associated Press
With more beds and railroad tracks serving Camp Atterbury, the facility will be able to train some of the largest groups of soldiers since World War II. Now Camp Atterbury has to market itself across the nation to make the most of the new facilities.
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State turns to tech for deeper, speedier data analysis

September 28, 2014
Associated Press analysis
Former Indianapolis Mayor Steve Goldsmith is hailing a new government management system adopted by Indiana that can better use troves of government data and predict how tax dollars should be allocated.
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The Interview Issue: Lewis Ferebee

September 27, 2014
J.K. Wall
In stark contrast to his predecessor, Indianapolis Public Schools Superintendent Lewis Ferebee started playing nice with the 30 or so charter schools in Indianapolis, which are publicly funded but privately run competitors to IPS.
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The Interview Issue: Quick Takes

September 27, 2014
We asked our interview subjects to weigh in on three topics. Here’s a sampling of responses.
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The Interview Issue: Jeffrey Johnson

September 27, 2014
Norm Heikens
The senior pastor of Eastern Star Church explains why preaching still belongs as a form of oratory in a day of social media and short attention spans.
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The Interview Issue: Angela Braly

September 27, 2014
Cory Schouten
Angela Braly, an attorney by trade, served as CEO of health insurer WellPoint Inc. from 2007 to 2012, when she resigned amid pressure from shareholders. Braly has continued serving in corporate boardrooms since her departure, albeit with a lower profile.
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The Interview Issue: Peter Rusthoven

September 27, 2014
Sheila Suess Kennedy
Why the go-to attorney for Republicans and conservatives is a strict constructionist on the Constitution.
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The Interview Issue: Karen Ferguson

September 27, 2014
Anthony Schoettle
Karen Ferguson, formerly Crotchfelt, has helped steer the state’s largest daily newspaper through one of its most tumultuous periods.
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  1. On my rental property, before tax caps, I was paying $2,000/yr in property taxes. After the tax caps I'm paying $4,000/yr. How exactly am I "benefiting the most"?

  2. Nick, I too tried that new Walmart NM on Michigan a couple of weeks ago. I had the same feeling, it had good prices, but something was just off about it. I can't put my finger on what it is, but it just didn't feel right. On the plus side, it was easy to get in and out of and much less busy than a typical Walmart.

  3. @Young Hoosier - you might want to check out the Paris skyline again....it's decidedly taller than 7-8 stories http://all-that-is-interesting.com/paris-skyline-photo

  4. Are you in need of Loan or financial help?, you need a loan for your business or to solve other monetary issues. James Lewis Loan Company started offering loans with a very low interest rate of 3% for a minimum of 15 years, Interested applicants should submit their request via email (jameslewisloan@gmail.com) for immediate processing with the information listed below: Names in full:................ Address:...................... Gender:.................... Email:........................ Phone Number:....... Amount Required:... Loan Duration:....... Country:................. Occupation:.................. ================================== In acknowledgment to these details, I will send you a well calculated Terms and Conditions for the amount you require. Warm Regards, Mr James Lewis

  5. So the GOP legislature passed a bill that gave big breaks to business at the expense of Indiana families. Color us not surprised.

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