News & Analysis

Kite plans to raise $65 million in stock offering

December 1, 2010
The Indianapolis-based real estate investment trust said it will sell 2.6 million shares of preferred stock at $25 each to repay debt, purchase property and use for general corporate purposes.
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Marion County GOP chairman stepping down

December 1, 2010
 IBJ Staff
Tom John will resign as chairman of the Marion County Republican Party once a new chairman is elected, he announced in a letter sent to Republican party members.
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St. Francis covets Greenwood's growth

December 1, 2010
J.K. Wall
It doesn’t take a genius to figure out why St. Francis Hospital & Health Centers is going to build a new ER and medical office complex near Greenwood: The area has been growing over the past decade 10 times faster than the city of Indianapolis.
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Contrarians think it's new day for Lilly

December 1, 2010
J.K. Wall
The trouble-free market approval obtained by Eli Lilly and Co. for a new underarm testosterone treatment brightened the company’s outlook—at least for one of the few optimistic analysts covering the company.
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State lawmakers face tough choices over prison costs

November 30, 2010
Associated Press
Indiana lawmakers will swim rough political waters next year when deciding whether to spend millions more on overcrowded prisons or reducing prison sentences and being seen as soft on crime.
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Electronics maker buying former GM factory in Anderson

November 30, 2010
Northwind Electronics LLC will invest $954,000 to buy, renovate and equip a former General Motors factory in Anderson—creating as many as 100 jobs in the next two years, state economic development officials said Tuesday afternoon.
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Anderson loses out on Bright Automotive tech center

November 30, 2010
Upstart hybrid vehicle maker plans to locate tech center in Rochester Hills, Mich. About 200 jobs and an $11 million investment were at stake.
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State memo: Schools won't see more budget cuts

November 30, 2010
Associated Press
Memo from Superintendent Tony Bennett to district administrators says there are "no current plans for reductions"
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Renewed Sunday liquor fight to focus on money

November 30, 2010
Francesca Jarosz
Backers of the proposed legislation have begun touting a study estimating that as much as $9 million in additional tax revenue would be generated for Indiana by the allowance of Sunday sales.
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Simon widow's attorneys want judge to step down

November 30, 2010
Cory Schouten
Attorneys for Bren Simon turned their ire toward a Hamilton County judge on Tuesday, asking him to recuse himself from a legal battle over real estate magnate Melvin Simon's $2 billion estate.
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Organic food company with big plans cutting jobs

November 30, 2010
Associated Press
Really Cool Foods, which started operations in eastern Indiana two years ago with plans for hiring 1,000 workers, now has about 200 after a round of layoffs this week.
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CNO Financial looking to refinance bank loans

November 30, 2010
J.K. Wall
The Carmel-based life and health insurer says it has started discussions with a group of lenders about refinancing $652.1 million in debt.
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WRTV names new general manager

November 30, 2010
 IBJ Staff
Larry Blackerby, a 30-year television veteran, has been picked to replace long-time WRTV-TV General Manager Donald Lundy, parent company McGraw-Hill Broadcasting announced Tuesday.
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Historic downtown building poised for overhaul

November 30, 2010
Tom Harton
DLZ Indiana closed in September on the century-old building at 157 E. Maryland St. and plans to spend nearly $2.3 million renovating it.
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Logistics provider moves to city’s northwest side

November 30, 2010
FitzMark Inc. relocates to space on Zionsville Road to accommodate growth, much of it resulting from the launch of an online subsidiary called FreightCity Inc.
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$26.8M military deal revs local Rolls-Royce operation

November 30, 2010
 IBJ Staff
Rolls-Royce Corp.’s Indianapolis operations continue to cash in on military contracts, scoring a $26.8 million deal to provide 12 spare engines for the Osprey tilt-rotor aircraft.
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Coaching search gives Hoosiers uncertain future

November 29, 2010
Associated Press
The new coach, whomever it is, will become the school's sixth since 1996 — more than any other Big Ten school. He will take over a team that has only three Big Ten wins over the past three years and just ended a 12-game losing streak against conference foes and a 15-game losing skid against league opponents away from Bloomington.
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Judge denies motion to dismiss school funding suit

November 29, 2010
Associated Press
Hamilton Southeastern Schools, Franklin Township Schools and Middlebury Community Schools say the school formula violates the state constitution's requirement for "general and uniform" public education funding because districts get different per-pupil amounts.
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Indiana voter turnout up nearly 4 percent from 2006

November 29, 2010
Associated Press
Figures released Monday by the Indiana secretary of state's office show that about 1.79 million Hoosiers cast ballots for the Nov. 2 election.
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Digital textbook startup moving to Indiana

November 29, 2010
J.K. Wall
Encompass Media LLC, run by Indianapolis native Scott Watanabe, projects rapid growth for digital textbooks.
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Storage-unit auctions not so ‘strange’ anymore

November 29, 2010
Scott Olson
Cable television shows have helped drive the popularity of storage-facility auctions, and an Indianapolis man who conducts the sales is witnessing the trend firsthand.
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Cost of '12 Days of Christmas' items soars 10.8 percent

November 29, 2010
Associated Press
Trying to buy the items repeated in the song's verses would cost $96,824—10.8 percent more than last year due to rising gold prices and higher pay for nine dancing ladies.
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Indiana resists call for renewable energy mandates

November 28, 2010
Associated Press
The state is one of only 14 nationwide without a renewable energy standard, according to the Pew Center of Global Climate Change.
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State still issuing water permits under controversial, old rules

November 28, 2010
Associated Press
More than three years after sparking an uproar by issuing BP a permit allowing it to discharge more pollution from its Whiting refinery, Indiana is still issuing permits under the same problematic set of rules that played a role in that 2007 controversy.
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Production firm turns out TV shows without leaving state

November 27, 2010
Sam Brattain
Indiana-based MMY Productions, an independent production company that specializes in reality TV, is working on a new show that chronicles action at Terre Haute's Crossroads Raceway.
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  1. Once a Marion Co. commuter tax is established, I'm moving my organization out of Indianapolis. Face it, with the advancement in technology, it's getting more cost effective to have people work out of their homes. The clock is running out on the need for much of the office space in Indianapolis. Establishing a commuter tax will only advance the hands of the clock and the residents of Indianapolis will be left to clean up the mess they created on their own, with much less resources.

  2. The 2013 YE financial indicates the City of Indianapolis has over $2 B in assets and net position of $362.7 M. All of these assets have been created and funded by taxpayers. In 2013 they took in $806 M in revenues. Again, all from tax payers. Think about this, Indianapolis takes in $800 M per year and they do not have enough money? The premise that government needs more money for services is false.

  3. As I understand it, the idea is to offer police to live in high risk areas in exchange for a housing benefit/subsidy of some kind. This fact means there is a choice for the officer(s) to take the offer and receive the benefit. In terms of mandating living in a community, it is entirely reasonable for employers to mandate public safety officials live in their community. Again, the public safety official has a choice, to live in the area or to take another job.

  4. The free market will seek its own level. If Employers cannot hire a retain good employees in Marion Co they will leave and set up shop in adjacent county. Marion Co already suffers from businesses leaving I would think this would encourage more of the same.

  5. We gotta stop this Senior crime. Perhaps long jail terms for these old boozers is in order. There are times these days (more rather than less) when this state makes me sick.

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