News & Analysis

Coats wins GOP nomination for Senate race

May 4, 2010
Associated Press
In Indiana this fall, Coats will face Democrat Brad Ellsworth, whose nomination is assured. The candidates are seeking the seat held by retiring Democratic Sen. Evan Bayh.
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Conseco profit edges analyst expectations

May 4, 2010
J.K. Wall
The Carmel-based life and health insurer earned $33.9 million in the quarter, more than 38 percent higher than during the same quarter a year earlier. Nearly all of that increase, however, was due to lower losses on investments and debt modifications.
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General Growth hearing delayed as Simon makes new bid

May 4, 2010
Bloomberg News
General Growth said the hearing before U.S. Bankruptcy Judge Allan Gropper has been moved from Wednesday to Friday.
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Central Indiana gets $16M in health IT stimulus

May 4, 2010
 IBJ Staff and Bloomberg News
The central Indiana area has been selected as one of 15 communities that will share in $220 million worth of grants for pilot projects to test health-care information technology.
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State revenue continues to fall short of projections

May 4, 2010
Indiana has missed budget projections for nine out of the last 10 months. April tax collections hit their lowest mark since 2004.
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Subaru adding production at Lafayette plant

May 4, 2010
Japanese automaker has boosted employment by 200 since August to meet demand for its Outback and Legacy models.
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Denny's proxy fight follows Steak n Shake template

May 4, 2010
Cory Schouten
A group of dissident investors is trying to wrest control of the Denny's restaurant chain using the same formula that led to a successful takeover of Steak n Shake.
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General Hotels lands 5 new properties

May 4, 2010
General Hotels Corp. will manage five more hotels in Indiana and Ohio.
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City targets Georgia Street for $12.5M makeover

May 4, 2010
The project will create an event-friendly corridor from the expanded Indiana Convention Center to Conseco Fieldhouse.
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Fraud scheme nets Indianapolis man 15 years in Texas

May 4, 2010
Louis Simpson bilked investors of $948,500 by claiming to operate a program with the Department of Housing and Urban Development.
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Obama plans tougher rules on for-profit colleges

May 4, 2010
Bloomberg News
The administration is gearing up to produce tougher regulations that may reduce the amount of federal financial aid flowing to for-profit colleges such as locally-based ITT Educational.
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Mass Ave project on verge of approval

May 4, 2010
Tom Harton
The addition of an underground parking garage is likely to get Trail Side off the drawing board and under construction.
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GOP fighting out congressional bids across Indiana

May 4, 2010
Associated Press
In the 5th District, they'll decide whether to pick Rep. Dan Burton for what would make 30 years in Congress. In the neighboring 4th District, the likely replacement for retiring Rep. Steve Buyer will be determined.
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37 contested Indiana House races prelude to November

May 4, 2010
Associated Press
Voters will nominate candidates in more than 30 Indiana House primary races Tuesday, completing matchups for November's general election that will determine control of the narrowly divided chamber.
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Indiana voters choose from 5 seeking GOP Senate nod

May 4, 2010
Associated Press
Indiana Republican voters will decide Tuesday which of five U.S. Senate candidates will represent the party in its fight to take the seat being vacated by Democrat Evan Bayh.
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Simon Property steps up fight for General Growth

May 4, 2010
Bloomberg News
The latest proposal is the Indianapolis-based company's third attempt to buy or gain a piece of the No. 2 mall owner.
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General Growth backs new Brookfield plan over Simon offer, source says

May 3, 2010
Bloomberg News
General Growth Properties Inc. plans to back a revised bankruptcy exit plan proposed by Brookfield Asset Management Inc. over a competing offer by Simon Property Group Inc.
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Biglari Holdings targets auto-parts chain

May 3, 2010
Cory Schouten
The parent company of Steak n Shake restaurants is angling to acquire a huge stake in the Advance Auto Parts chain.
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Vontoo CEO to receive TechPoint Trailblazer Award

May 3, 2010
Robert Compton will receive the honor for his contributions to the state's high-tech sector at the Mira Awards program May 15.
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Several school districts seek passage of referendums

May 3, 2010
Scott Olson
Administrators are asking for millions of dollars of additional money to prevent teacher cuts and to support school building projects.
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HardingPoorman acquires Saint Clair Press

May 3, 2010
 IBJ Staff
The deal brings together two of the Indianapolis-area's largest commercial printers.
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United, Continental agree to combine in $3B deal

May 3, 2010
 IBJ Staff and Associated Press
At Indianapolis International Airport, United accounts for 7.2 percent of passenger traffic and Continental accounts for 5.8 percent, a total of 13 percent, according to March figures from the airport.
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Recession ships more Indiana jobs to other countries

May 2, 2010
Associated Press
The number of Indiana plants, warehouses and offices sending jobs abroad since the recession began in December 2007 is more than double that of past economic downturns.
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Consumer spending rises, but stocks end April on down note

May 1, 2010
Associated Press
Goldman Sachs investigation sparks fears about harm to banking industry.
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Corporate hospitality in doldrums at Speedway

May 1, 2010
Anthony Schoettle
Unfathomable just a decade ago, the Indianapolis Motor Speedway is trimming demands on hospitality packages in a scramble to fill vacancies and preserve what IMS officials call "a major profit center."
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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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