News & Analysis

Indiana executives pare stock holdingsRestricted Content

March 5, 2011
Cory Schouten
Executives and directors at several Indiana public companies took advantage of market strength in February to pare back their stock holdings, narrowly missing a pullback sparked by turmoil in Libya.
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Group's demolition plan draws ire of preservationists

March 4, 2011
Francesca Jarosz
A proposal by Keep Indianapolis Beautiful to bulldoze four century-old homes near Fountain Square has sparked a battle between the neighborhood beautification group and some of its typical allies: historic preservationists.
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Hyatt, union at odds over voting method

March 4, 2011
Anthony Schoettle
Officials for the New York-based Unite Here labor union are attacking local Hyatt Regency officials for filing a petition Thursday with the National Labor Relations Board.
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INSIDE DISH: Arsenal owners' ploy is gaming plus grubbing

March 4, 2011
Mason King
Arsenal_WatchVideoGameroom lords Andrew Chang and Troy Branam want players to come for Dungeons & Dragons and stay for the Wizards Gumbo.
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Appellate court upholds state alcohol permit quotas

March 4, 2011
Scott Olson
Judges' decision deals blow to state's package liquor stores, which sought to stop the Indiana Alcohol and Tobacco Commission from issuing new permits until the judges could clarify state quota laws.
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U.S. unemployment rate drops to 8.9 percent

March 4, 2011
Associated Press
The unemployment rate has been falling for three months, down from 9.8 percent in November, marking the sharpest three-month decline since 1983.
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NFL, union agree to 24-hour deadline extension

March 3, 2011
Associated Press
The NFL and the players' union decided Thursday to keep the current collective bargaining agreement in place for an additional 24 hours so that negotiations can continue.
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Indiana House sets $250 daily fines for boycotters

March 3, 2011
Associated Press
Most House Democrats skipped Thursday's floor sessions, extending their stay at an Urbana, Ill., hotel to a 10th day and preventing action on the bills because too few members are present.
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Parks Foundation plans east-side farm for Gleaners

March 3, 2011
Kathleen McLaughlin
The Indianapolis Parks Foundation plans to use a $150,000 grant from Indiana University Health to start an organic farm on the east side of the city benefiting Gleaners Food Bank.
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Indiana House speaker set to fine boycotters

March 3, 2011
Associated Press
Most House Democrats skipped Thursday morning's floor session, extending their stay at an Urbana, Ill., hotel to an 11th day and preventing action on labor and education bills they oppose.
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Brightpoint suing software vendor for negligence

March 3, 2011
Scott Olson
The local distributor of wireless phones has filed suit against Massachusetts-based Emptoris Inc., and is looking to recoup millions of dollars it paid the company in addition to the amount it says it spent trying to fix the problem.
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IEDC unveils statewide entrepreneurship initiative

March 3, 2011
Elevate Ventures could attract an additional $30 million in matching federal and private funding to support entrepreneurs statewide, Indiana Economic Development Corp. officials say.
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Lilly's Bydureon falls short of competitor in study

March 3, 2011
Bloomberg News
Bydureon, the diabetes drug being developed by Amylin Pharmaceuticals Inc., Eli Lilly and Co. and Alkermes Inc., didn’t control the disease better than Novo Nordisk A/S’s Victoza in a study.
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Unemployment aid requests fall to near 3-year low

March 3, 2011
Associated Press
Applications for unemployment benefits fell by 20,000, to a seasonally adjusted 368,000, the U.S. Labor Department reported Thursday. Applications are now at their lowest level since May 2008.
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Daniels: Legislative impasse may preclude White House run

March 2, 2011
Associated Press
Indiana Gov. Mitch Daniels said he would stay focused on state matters even if doing so means he would miss a window of opportunity to launch a possible run for the White House.
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Partnership aims to help Midwest manufacturers

March 2, 2011
Associated Press
The Obama administration is creating a $4.5 million partnership between the private sector and government to help Midwest manufacturers access high-tech computing to speed up design cycles for future products.
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DeVry wins abatements for nursing school

March 2, 2011
Scott Olson
The Metropolitan Development Commission awarded the tax abatements for the nursing school, set to open in October, despite opposition from the Nora-Northside Community Council and Metropolitan School District of Washington Township.
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Northwest-side apartment complex faces foreclosure

March 2, 2011
Kathleen McLaughlin
Fannie Mae filed a lawsuit in Marion Superior Court Tuesday, seeking foreclosure and the appointment of a receiver at Arrowwoods Apartments over an unpaid note of $4.56 million.
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Builders offer new twist on move-up incentive

March 2, 2011
Kathleen McLaughlin
Instead of offering to help would-be buyers of new houses sell their old homes, Marketplace is offering to become a rental property manager for as long as six years.
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Pac-Van moving headquarters to city’s east side

March 2, 2011
The Indianapolis company that leases mobile offices and storage units plans to move from its south-side location by April 1.
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Indiana-made electric cars recalled for 3rd time

March 2, 2011
Associated Press
Think North America has filed documents with the National Highway Traffic Safety Administration recalling 23 of its City electric cars produced late last year.
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WellPoint expects employer biz to stagnate

March 2, 2011
J.K. Wall
Over the next five years, WellPoint Inc. expects the employer-sponsored insurance business to shrink slightly, forcing it to shift its focus to government-sponsored plans.
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Community wins sweepstakes for Johnson partnership

March 2, 2011
J.K. Wall
Community Health Network won a three-way race for a close partnership with Johnson Memorial Hospital, besting Franciscan St. Francis and Indiana University Health.
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Plastics firm plans expansion, 54 new jobs

March 2, 2011
 IBJ Staff
Fortville-based Genesis Plastics Welding plans to invest over $3.3 million to expand its existing production facility east of Indianapolis, adding as many as 54 new employees by 2014.
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Another pay TV battle as Dish, Lin spar over fees

March 1, 2011
Associated Press
Another battle over pay TV fees is coming down to the wire — this time over what Dish Network is paying TV station owner Lin TV Corp. to retransmit signals of 27 stations, including WISH-TV in Indianapolis.
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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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