News & Analysis

Durham set for afternoon federal court date

April 6, 2011
 IBJ Staff and Associated Press
Former Indiana businessman Timothy Durham, 48, who is accused in a $200 million fraud scheme, is scheduled to appear in federal court in Indianapolis on Wednesday at 2:30 p.m.
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Doc groups play up economic impact

April 6, 2011
J.K. Wall
Physicians are regarded as smart, successful and helpful when you’re sick—but not usually as a big driver of the economy. Now, however, physician trade groups are arguing that docs are good for business too.
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Medicare rules hammer hospitals, docs

April 6, 2011
J.K. Wall
Being an accountable care organization will be the major leagues of health care after the federal Medicare program set a high bar for the new kind of doctor-hospital organization.
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Judge gives probation to three men for water violations

April 5, 2011
Associated Press
U.S. District Judge Sarah Evans Barker sentenced 61-year-old Michael R. Milem of Carmel, 44-year-old Mark R. Snow of Brazil and Joseph T. Biggio, 51, of Illinois after accepting their guilty pleas for violating the Federal Clean Water Act.
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Indiana judge dismisses lawsuit over forfeiture funds

April 5, 2011
Associated Press
An Indianapolis judge on Tuesday dismissed a lawsuit that accused 78 county prosecutors of breaking the law by not turning over assets seized from criminals to a state school fund.
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Indiana lawmakers OK hotel sites for casino tourneys

April 5, 2011
Associated Press
Indiana's casinos would be allowed to hold card tournaments at hotels or other sites on their properties under a proposal that has cleared the state Legislature.
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Fate up in air for proposed Indiana smoking ban

April 5, 2011
Associated Press
The fate of a proposed statewide smoking ban in the state Legislature is uncertain, with anti-smoking advocates keeping up their push for restrictions that are tougher than some lawmakers think can win approval.
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House committee nixes changes to Indiana scholarships

April 5, 2011
Associated Press
A proposal to tighten requirements for Indiana's popular 21st Century Scholars program for low-income students is in limbo after a legislative committee removed it from a package of revisions to college financial aid programs.
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Condo sales lag in hot downtown apartment market

April 5, 2011
Cory Schouten
New apartment projects carrying premium rents are popping up all over downtown, but the strong demand for urban living isn't providing much of a boost for the condo market.
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Hardware store slated for Meridian Street building

April 5, 2011
Scott Olson
City grants approval Tuesday morning for the reuse of Meridian Street building that WFYI vacated in May 2008.
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Bioanalytical researcher seeking abatement for new lab

April 5, 2011
Scott Olson
Advion, a provider of bioanalytical research and a subsidiary of Ithaca, N.Y.-based Advion BioSciences Inc., is expected to open the 22,000-square-foot lab in mid-May with 49 employees, according to the company's application.
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UIndy to add dorm for upperclassmen

April 5, 2011
 IBJ Staff
With enrollment surging in recent years, the University of Indianapolis finds itself needing new dorm space. The private college will build a $10 million, 200-student residence hall on the south edge of its campus.
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Final Four crowds show women still catching up

April 5, 2011
Sean Morrison
Despite having an in-state basketball team in the women's NCAA Final Four and only 18,500 seats to fill, attendance at Conseco Fieldhouse was sparse Sunday for the semifinal round, with a total of 16,421 attending the two-game session.
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Cummins Inc. plans to add 2,500 new jobs in U.S.

April 5, 2011
Associated Press
The Columbus-based engine manufacturer says it is hiring across the board to meet strong demand worldwide and in anticipation of an economic recovery.
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Indiana Senate panel sets vote on smoking ban

April 5, 2011
Associated Press
The Senate Public Policy Committee is expected to vote on the bill Wednesday. Amendments won't be allowed to the bill that currently includes exemptions for casinos, bars, fraternal clubs, smoke shops and nursing homes.
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IPS says it will lay off more than 300 employees

April 5, 2011
Associated Press
Indianapolis Public Schools notified employees last week during spring break that they will begin cutting 271 teaching positions and 37 non-teaching positions to trim its $20 million budget deficit.
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Purdue receives $32 million Afghanistan farm grant

April 4, 2011
Associated Press
A grant of $31.9 million awarded to Purdue University may translate into a more sustainable agricultural sector for Afghanistan, according to U.S. Sen. Dick Lugar.
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Bulldogs fall in title game, but leave big impression

April 4, 2011
Associated Press
Butler University lost 53-41 to the University of Connecticut on Monday night in the NCAA men's basketball title game. But now, thanks to two straight runs to the final, every mid-major thinks they've got a shot. And a blueprint for how to do it.
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IT provider fires back at local not-for-profit

April 4, 2011
 IBJ Staff
Information Technology services provider Beracha Foundation is seeking more than $730,000 from Indianapolis-based Evangelical Baptist Missions Inc. for breaching IT and consulting contracts, plus real and punitive damages.
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IU ranks in top 10 for private donations received

April 4, 2011
Associated Press
The 2010 rankings released by the Council for Aid to Education rank Indiana University first in the Big Ten, first among public universities and 10th in the nation in voluntary backing with $342 million in gifts and non-governmental research grant funds.
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Obama set to visit Speedway manufacturer

April 4, 2011
President Barack Obama plans to make a trip to Indianapolis on Friday to visit Speedway-based manufacturer Allison Transmission Inc., the company confirmed Monday afternoon.
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Local banks see small-business lending surging

April 4, 2011
J.K. Wall
Chase and Fifth Third of Indiana saw 57-percent and 56-percent spikes, respectively, in loans to state businesses last year. They forecast similar growth this year.
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Antidepressants linked to narrowed arteries

April 4, 2011
The study included Eli Lilly and Co. drug Cymbalta, which racked up sales of $3.5 billion last year for the Indianapolis-based drugmaker.
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Unions plan protest rallies across Indiana

April 4, 2011
Associated Press
Labor unions are planning rallies at the Indiana Statehouse and around the state Tuesday as part of continuing protests against Republican-backed legislation.
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Young workers in Indiana still face tough job market

April 3, 2011
Associated Press
The number of Indiana teens and college students with jobs fell sharply during the recession, and their employment prospects might not improve this year.
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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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