News & Analysis

St. Francis plans $23 million Carmel hospital

February 14, 2011
 IBJ Staff
Franciscan St. Francis Health plans to open a short-stay medical center in Carmel, creating 76 jobs by 2015, the health system announced Monday morning.
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Bosma: Daniels 'hands on' with legislators

February 13, 2011
Associated Press
The leader of the Indiana House says the governor stays in contact with legislative leaders on his agenda, even as he continues to flirt with a presidential run.
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Aspiring filmmaker scores hit with jewelry ad

February 12, 2011
Anthony Schoettle
A TV commercial for jeweler Reis-Nichols has launched filmmakers Sami Mustaklem and Alex Kosene into the advertising business. Their firm, 3rd Strand, has a growing list of clients seeking their unique storytelling approach.
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City looks to tourists to supplement convention business

February 12, 2011
Anthony Schoettle
Leisure travelers could plug gap until additional conventions fill the expanded Indiana Convention Center.
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Carmel firm top notch in the tourism industryRestricted Content

February 12, 2011
Scott Olson
Strategic Marketing & Research Inc., commonly known as SMARI, measures ad effectiveness for several states, attractions.
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Denver, Indianapolis are close match on major tourism measuresRestricted Content

February 12, 2011
The recently expanded Indiana Convention Center gives Indianapolis more space than Denver, but Denver has more hotel rooms and a larger budget.
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Ex-Emmis exec uses estate toolkit to fund Butler venueRestricted Content

February 12, 2011
Kathleen McLaughlin
Howard Schrott will provide $6.5 million toward the $13 million performing-arts building.
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Medicaid expansion could tax community health centersRestricted Content

February 12, 2011
J.K. Wall
The president of the Indiana Primary Health Care Association wants to double the number of federally qualified community health centers in Indiana in the next five years.
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Diabetes boom sparks Roche expansion

February 12, 2011
J.K. Wall
Roche Diagnostics Corp. is expanding one of its Indianapolis manufacturing plants to keep up with growing sales of its leading brand of blood glucose monitors.
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Budget shrinks 21st Century tech fund

February 12, 2011
Chris O'Malley
Even as some of its investments bear fruit in grand fashion, the state’s principal fund for investing in high-tech companies may get even less in the next budget than it did two years ago when its funding was cut in half.
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Lawmakers eye bonds for debt reliefRestricted Content

February 12, 2011
Francesca Jarosz
State lawmakers are exploring the idea of paying back more than $2 billion in federal debt for unemployment insurance by issuing tax-exempt bonds.
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American Legion HQ changes membership tacticsRestricted Content

February 12, 2011
Kathleen McLaughlin
In a move to shore up American Legion’s bottom line, the organization is holding back thousands of new members—along with their dues—from state affiliates.
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UPDATE: Former Speedway announcer Carnegie dies

February 11, 2011
Associated Press
Tom Carnegie, 91, who served as the Indianapolis Motor Speedway's public address announcer for 60 years, has passed away.
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Push to make schools start after Labor Day fails

February 11, 2011
Associated Press
A proposal to not allow Indiana's public schools to start the academic year before Labor Day has failed in the General Assembly.
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Emmis likely escapes NASDAQ-delisting danger

February 11, 2011
Scott Olson
Stock in the Indianapolis-based media company closed above the necessary threshold of $1 per share for 10 consecutive business days on Thursday, meaning it should be back in compliance with NASDAQ rules.
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Lobbying commission fires executive director after leave

February 11, 2011
 IBJ Staff
The Indiana Lobby Registration Commission on Thursday fired its executive director after placing her on leave without explanation in mid-January.
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Lilly takeover provision to be voted on again

February 11, 2011
Scott Olson
The effort to remove an 80-percent approval threshold for takeover bids against the wishes of Lilly's board is on the agenda of the company's April 18 annual meeting.
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Water damage closes Carmel art gallery

February 11, 2011
Kathleen McLaughlin
The Evan Lurie Gallery in Carmel is recovering from water damage that will leave it closed for at least another week.
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Lilly names new head of cancer drug business

February 11, 2011
Associated Press
Eli Lilly and Co. on Friday named company insider Sue Mahony as president of its cancer drug business.
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Ice storm uses big chunk of city snow-removal budget

February 11, 2011
 IBJ Staff
Indianapolis spent almost half its 2011 budget for snow removal—$3.4 million—to deal with last week’s ice and snow storms, the city announced Friday morning.
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Census: Home vacancies follow job losses in Indiana

February 10, 2011
Associated Press
North-central and east-central Indiana, which absorbed the brunt of the job losses, also showed the highest percentage of unoccupied homes.
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Indiana Senate panel advances nuclear incentive bill

February 10, 2011
Associated Press
A bill that would allow Indiana's utilities to quickly pass onto their customers some of the costs of planning nuclear power plants is advancing in the General Assembly.
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Indiana moving ahead with plan to fix jobless fund

February 10, 2011
Associated Press
Legislators aren't holding up a plan to fix Indiana's debt-ridden unemployment insurance fund as they wait to see whether the federal government will put off charging the states interest on what they owe.
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Groups file suit to stop I-69 work downstate

February 10, 2011
 IBJ Staff, Chris O'Malley
Environmental and citizens groups seek to stop construction of the 142-mile link between Evansville and Indianapolis, saying it will destroy valuable natural resources.
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City agency signs off on North of South site plans

February 10, 2011
Scott Olson
Regional Center Hearing Examiner gives blessing to the $155 million development's master plan. Site plans will go before the Metropolitan Development Commission on March 2.
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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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