On The Beat

Emmis to produce tourism publications for ICVARestricted Content

January 5, 2009
Indianapolis based Emmis Communications Corp. signed a three-year deal to produce and publish the Indianapolis Convention & Visitors Association's semi-annual visitors guide, convention planners guide and other tourism-related publications and materials.
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Unable to pay bills, callers flood hotlineRestricted Content

January 5, 2009
Needy families responded en masse to the news that local charities received a $3.2 million infusion to help cover basic needs, according to a follow-up survey by Connect2Help.
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City Market's renewal strategy may make or break vendorsRestricted Content

January 5, 2009
City Market vendors are counting on new executive director Jim Reillyto rejuvenate the downtown landmark. And he has months, not years, to show them results.
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Speedway, IRL make staff cutsRestricted Content

January 5, 2009
Troubles this year for the Indy Racing League and the Indianapolis Motor Speedway--which led to layoffs in December--started with a NASCAR event.
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Indy-art-loving lawyer pays studio rent for artistsRestricted Content

December 22, 2008
Paul Hunt, a partner with Barnes & Thornburg, recently decided to pay seven months' studio rent for two artists at Harrison Center for the Arts. And the Columbia Club on Monument Circle is looking for new members.
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Attorney, sports marketer takes on new challengesRestricted Content

December 22, 2008
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Planning for U.S. 31 rebuilding continuesRestricted Content

December 22, 2008
State and federal highway agencies have approved the final environmental impact statement for the 13-mile rebuilding of U.S. 31 from Interstate 465 to 216th Street.
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Apartment revitalization work begins in IrvingtonRestricted Content

December 22, 2008
Apartment developer Christopher Piazza has closed on financing for a $1.2 million renovation of a 1914 apartment building in Irvington.
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Beech Grove government bracing for budget cutsRestricted Content

December 22, 2008
Property-tax caps should help Hoosier homeowners save a bundle next year.
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Indians score $1.23 million profitRestricted Content

December 22, 2008
The Indianapolis Indians made $1.23 million this year on $8.7 million in revenue, according to the publicly traded company's most recent financial disclosure.
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My Health Care Manager goes nationalRestricted Content

December 15, 2008
Less than three years into its life, Indianapolis-based My Health Care Manager is going national.
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A health plan for job hoppersRestricted Content

December 15, 2008
Indianapolis-based Golden Rule Insurance Co. has launched a plan aimed at people who move in and out of jobs that don't offer health insurance.
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IT veteran to teach entrepreneurship classRestricted Content

December 15, 2008
Indiana University will offer a new course on entrepreneurship in the information technology sector at the IU School of Informatics at IUPUI next semester.
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Givers get strategicRestricted Content

December 15, 2008
 Wealthy people are getting more advice from hired professionals and less from peers and not-for-profit personnel when making decisions about charitable giving, a new study shows.
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Cincinnati construction company sues Indy airport for failure to payRestricted Content

December 15, 2008
A suburban Cincinnati construction company known for airport and interstate projects alleges the Indianapolis Airport Authority has failed to pay on a $14.7 million contract to build aircraft parking spaces.
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BSU football scores record TV ratings, attendance boostRestricted Content

December 15, 2008
The Ball State University victory over Central Michigan University Nov. 19, televised live on ESPN2 and seen in more than 1.6 million homes, ranks as the most-viewed and highest-rated college football game ever for a Tuesday or Wednesday night on the network.
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Maurer gift is IU's fourth largestRestricted Content

December 8, 2008
IBJ co-owner Michael Maurer's $35 million gift to the Indiana University School of Law in Bloomington is the fourth largest from an individual in the history of the university.
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State ends contract with local air pollution control agenciesRestricted Content

December 8, 2008
Local health groups are aghast at the Indiana Department of Environmental Management's decision to end contracts with six local air pollution control agencies.
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Smoke Free Indy advocates mount new campaignRestricted Content

December 8, 2008
Anti-smoking advocates are organizing a new attempt to strengthen Indianapolis' ban against smoking in the workplace.
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Gallagher buys two more brokers to increase sizeRestricted Content

December 8, 2008
Dane Hudson continues an acquisition binge aimed at making Arthur J. Gallagher & Co. a stronger health benefits broker in the Indianapolis market.
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Allied Group Insurance honors clients with charity gifts in their nameRestricted Content

December 8, 2008
The Indianapolis office of Allied Group Insurance Services will make contributions to local charities in their clients' names instead of sending them holiday gifts.
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IRL's Danica Patrick tops most-searched list on WebRestricted Content

December 8, 2008
Indy Racing League driver Danica Patrick topped golfer Tiger Woods, quarterback Tom Brady and Super Bowl champion Eli Manning as the most searched-for athlete in 2008, according to America Online's annual list of top Web, mobile and video searches.
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Y&L ad firm making 'significant' staff cutsRestricted Content

December 1, 2008
Young & Laramore is making what it says are "significant" staff cuts in the wake of losing the Steak n Shake account.
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Chamber launches biz networking online siteRestricted Content

December 1, 2008
The Greater Indianapolis Chamber of Commerce has launched an online business networking site called Indylink.com.
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Study says most U.S. pensions are poised to recoverRestricted Content

December 1, 2008
A new national analysis of U.S. public pension funds suggests most invest prudently, even in volatile times.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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