News & Analysis

CIB to provide $5M for natatorium maintenance

August 11, 2014
Kathleen McLaughlin
The Capital Improvement Board of Managers of Marion County voted Monday to give the Indiana Sports Corp. $500,000 a year for the next 10 years to create a reserve fund for maintenance on the IU Natatorium at IUPUI.
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Groups want Indianapolis utility to test water

August 11, 2014
Associated Press
Environmental, health and neighborhood groups are calling on the Marion County Health Department to compel Indianapolis Power & Light to test groundwater at eight coal ash lagoons on the city's south side.
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Cuts, price hikes fuel IU Health's quarterly profit

August 11, 2014
J.K. Wall
The decline in patient visits slowed a bit for Indiana University Health in the second quarter, allowing the hospital system to use a price increase and cost cuts to significantly boost its operating profit.
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Purdue rolls out 3-year plan for communications majors

August 11, 2014
Associated Press
Purdue University has developed a three-year bachelor's program for communications students that it says will allow them to save more than $9,000.
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CBS affiliation switch means major changes at WTTV

August 11, 2014
Anthony Schoetle
Those changes are coming in the wake of Monday's huge announcement that Chicago-based Tribune Broadcasting, parent to WTTV, has wrestled away the CBS-TV affiliation held by WISH-TV Channel 8 since 1956.
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Lagging on jobs, earplug maker agrees to cancel tax breaks

August 11, 2014
Kathleen McLaughlin
Aearo Technologies didn't fulfill its job-creation promises under a 2007 tax abatement agreement with the city of Indianapolis, but it did spend nearly $16 million on buildings and equipment.
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Buckingham reignites plan for Lantern Commons project

August 11, 2014
Scott Olson
Buckingham's plans for the property at U.S. 31 and 161st Street in Westfield show a mix of retail and residential uses.
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Browning/Duke building huge Plainfield distribution facility

August 11, 2014
The speculative building totaling more than 930,000 square feet will be constructed at the developers' AllPoints Midwest industrial park.
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Local CBS affiliate moving from WISH to WTTV

August 11, 2014
 IBJ Staff
WISH-TV Channel 8 is losing its affiliation with CBS-TV after nearly six decades, CBS Corp. announced Monday morning.
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Byproducts big business for Morgan County grain mill

August 11, 2014
Associated Press
It appears one man's bust is another's boom, because many of the reasons byproducts have become so popular are the same reasons you're paying historically high prices for beef.
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Experts: Political move could help NCAA avoid more court woes

August 11, 2014
 Bloomberg News analysis
Analysts say the Indianapolis-based NCAA could ask Congress for an antitrust exemption that, coupled with some reform, would help the organization maintain the basic model of college sports.
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IU schools tackle new marketing strategies

August 10, 2014
Associated Press
Indiana University is taking steps to better market itself to students and donors, using a strategy more common to consumer products.
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Indianapolis Opera hires Stolen to help assess future

August 9, 2014
Lou Harry
Steven Stolen, a former managing director of the Indiana Repertory Theatre, will work as an independent contractor for 25-30 hours per week until the target Oct. 1 completion of the evaluation.
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New judicial center would set off an office exodus downtown

August 9, 2014
Scott Olson
New justice center would clear swaths of offices, raising vacancy rates at a time when the market is struggling.
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$500M Indy justice center relies on novel funding

August 9, 2014
Kathleen McLaughlin
The city will pay an annual fee to a private-sector consortium that will design, build, finance, maintain and operate the facility. According to the Ballard administration, the project won’t require a tax hike.
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Steak n Shake bringing menu fixtures to the freezer aisle

August 9, 2014
Scott Olson
Officials of the 80-year-old chain believe selling steakburgers in groceries will further extend the Steak n Shake brand.
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Indy startup has rare disease in its sights

August 9, 2014
J.K. Wall
Founders of Chondrial Therapeutics believe that if further testing validates their treatment for Friedreich’s ataxia, it could be a blockbuster with annual sales topping $1 billion.
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Building spree reshaping Broad Ripple VillageRestricted Content

August 9, 2014
Dennis Barbosa
A rush of new office, residential and retail projects suggest real estate developers in Broad Ripple Village remain optimistic in the midst of high-profile incidents of crime.
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Will a new app disrupt snow, lawn-care businesses?

August 9, 2014
Anthony Schoettle
Starting this month, Indianapolis area residents and business owners can order up lawn mowing and snow plowing services through an app.
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Family peanut-butter venture sees sales take off

August 9, 2014
Andrea Muirragui Davis
B. Happy Peanut Butter is a hit at the summer market—and then some. Available at more than a dozen retail outlets in central Indiana, its seven varieties of hand-packed PB could produce sales of $100,000 this year.
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Tag Heuer signs sponsorship with IndyCar, SpeedwayRestricted Content

August 9, 2014
IndyCar Series officials announced a deal Aug. 6 making Switzerland-based TAG Heuer the official watch of the open-wheel series and Indianapolis Motor Speedway.
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Judge rules that NCAA ban on student-player pay is illegal

August 8, 2014
Associated Press
National Collegiate Athletic Association rules barring student athletes from seeking a share of its $800 million in annual broadcast revenue are illegal, a federal judge in California ruled in a lawsuit that may dramatically change college sports.
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IUPUI plans to build $45 million residence hall

August 8, 2014
Jeff Newman
IUPUI hopes to build a $45 million residence hall for 700 students on the campus in time for the 2016-17 academic year, the university announced Friday afternoon.
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UPDATE: Cool summer sets hopes for record harvest

August 8, 2014
Associated Press
The nation's corn and soybean farmers are on track to produce record crops this year as a mild summer has provided optimum growing conditions.
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State needs better water management, report says

August 8, 2014
Associated Press, Allie Nash, The Statehouse File
The Indiana Chamber of Commerce warns that demand for water from businesses and residents could outstrip the available supply in coming decades.
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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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