News & Analysis

Carbon Motors’ Chapter 7 filing marks official end for firm

June 12, 2013
Scott Olson
The once-promising firm that had planned to build high-tech police cars at a Connersville plant filed for bankruptcy Friday, listing liabilities of $21.7 million.
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Remy seeks greater share of Chinese market with buyout

June 12, 2013
Dan Human
Pendleton-based auto parts manufacturer Remy International Inc. plans to buy out a partner’s share in a Chinese joint venture, potentially paving the way for a greater share of the growing Asian market.
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IDI’s Velocity project plumbs urban neighborhoods

June 12, 2013
Scott Olson
The strategic planning project is holding a series of neighborhood roundtable meetings this month in hopes of having final recommendations for the future of downtown by the end of the year.
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New law helps protect seniors from unscrupulous relatives

June 12, 2013
 The Statehouse File
The law is meant to help seniors fight back against more subtle manipulation that happens when a caregiver, friend or loved one uses intimidation—but not force—to gain access to money, credit cards or other resources.
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State lawmakers returning to consider veto override

June 12, 2013
Associated Press
Gov. Mike Pence wrote to lawmakers Monday asking them to sustain his veto of retroactively implementing local income taxes for Pulaski and Jackson counties.
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Agency: Opting for overdrafts means higher fees

June 11, 2013
Associated Press
A U.S. agency says consumers who opt for overdraft coverage on their checking accounts pay higher fees and are more likely to have their accounts closed than those who decline it.
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Bike sharing lined up for downtown Cultural Trail

June 11, 2013
Kathleen McLaughlin
The city is prepared to award $1.5 million in federal funds to Wisconsin-based B-Cycle LLC, which would provide the service along the 8-mile route downtown.
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Analysts: Midwest drivers to see lower gas prices

June 11, 2013
Associated Press
The worst may be over for drivers in the upper Midwest who have been grappling with the highest gasoline prices in the continental U.S.
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New tax break reduces Indiana share of casino revenue

June 11, 2013
Associated Press
Total tax receipts from casinos fell nearly 18 percent last month compared with May of last year, according a report released Monday by the Indiana Gaming Commission.
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Caponi to step down as St. Vincent system CEO

June 11, 2013
J.K. Wall
After overseeing 15 years of massive growth via mergers, Vince Caponi will become an executive of St. Vincent Health's parent organization.
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Councilor raises questions about cricket group's track record

June 11, 2013
Kathleen McLaughlin
The USA Cricket Association, a group that Indianapolis Mayor Greg Ballard hopes will bring high-level competition to a new $6 million local sports park, staged zero national tournaments in 2012.
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Out-of-state developer pitches $75M Carmel project

June 11, 2013
Andrea Muirragui Davis
Baltimore-based Atapco Properties wants to redevelop 34 acres of land at Carmel Drive and Guilford Road, converting a portion of the commercial property to residential use with hundreds of apartments.
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Woodard sells Canterbury Hotel to Ohio firm

June 11, 2013
Scott Olson
Local businessman Turner Woodard had owned the upscale downtown hotel since 2010. Terms of the deal with Columbus, Ohio-based RockBridge Capital LLC, a hotel investment firm, were not disclosed.
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Indiana highway commissioner picked for Purdue job

June 11, 2013
Associated Press
The head of the Indiana Department of Transportation is looking to join former Gov. Mitch Daniels at Purdue University.
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Anderson lodge's decline mirrors city's changed demographics

June 11, 2013
 IBJ Staff, Associated Press
Anderson Elks Lodge 209 wants to auction off its building at 1803 Broadway St. The lodge has about 260 members, a sharp decline from the nearly 2,000 members it boasted in the 1970s.
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Homebuilders extend streak with 23-percent surge in permits

June 11, 2013
 IBJ Staff
Single-family building permits rose 23 percent in the nine-county Indianapolis area in May, the 11th straight month of year-over-year increases.
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Two major downtown office buildings set for sheriff's sale

June 11, 2013
Scott Olson
Two prominent downtown office buildings, the Landmark Center at 1099 N. Meridian St. and the historic Century Building at 36 S. Pennsylvania St., are among properties listed for a July 17 sheriff's sale.
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AT&T building's new owner targets first-floor retail

June 11, 2013
Scott Olson
Geis Properties, a division of Streetsboro, Ohio-based Geis Cos., purchased the 558,000-square-foot building for $16.5 million late last month from AT&T, which is reducing its downtown presence.
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Pence urges lawmakers to uphold tax bill veto

June 10, 2013
Associated Press
Pence sent a letter to legislators urging them to uphold his veto of a local tax measure. The measure retroactively approves taxes collected by Jackson and Pulaski counties to pay for new jails.
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Troubled Indiana gasification plant begins operation

June 10, 2013
Associated Press
Duke Energy said that its $3.5 billion, high-tech 618-megawatt plant near Vincennes will produce 10 times as much power as a former plant but emit about 70 percent less pollution.
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Indianapolis to get 500-vehicle electric car-sharing system

June 10, 2013
 IBJ Staff and Associated Press
A French company's $35 million system would help Indianapolis open more charging stations than any other city in the nation by 2025.
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Good news, bad news for Cook stent business

June 10, 2013
J.K. Wall
While Bloomington-based medical-device maker won approval for new bile duct stent, it has recalled its hot-selling arterial stent from all global markets.
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Salesforce slow to excite investors after $2.5B buyout of ExactTarget

June 10, 2013
Dan Human
Shares of the California-based cloud computing giant continue to lag after last week's announcement of its $2.5 billion offer for Indy-based marketing powerhouse ExactTarget.
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Outside reviewer picked to study ISTEP troubles

June 10, 2013
Associated Press
An independent review of Indiana's ISTEP test results is under way one month after computer troubles disrupted test-taking for thousands of students this spring.
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Planned Parenthood affiliates in Indiana, Kentucky to merge

June 10, 2013
Mason King
The new not-for-profit organization is expected to be named Planned Parenthood of Indiana and Kentucky—or PPINK—and continue to operate the 28 existing health centers between the two states.
More
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  1. These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.

  2. The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)

  3. As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.

  4. The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.

  5. I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.

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