News & Analysis

RV industry shipments on best pace since 2007

September 30, 2014
Associated Press
RV shipments for the first eight months of 2014 have reached about 246,000 units, a gain of 9 percent from 2013.
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High demand for road salt pushes costs up for state, city

September 29, 2014
 Associated Press and IBJ Staff
The Indianapolis Department of Public Works will pay 11.5 percent more for road salt this winter than it did a year ago. Salt prices on regional bids across the state are now an average of 57 percent higher than last year's prices, according to INDOT.
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Tax caps have greatest impact for rental-property, farm owners

September 29, 2014
 The Statehouse File
The owners of rental homes and apartments are among the property owners that are helped most by a tax cap system the state fully implemented in 2010.
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Cook CEO tops list of richest Hoosiers

September 29, 2014
 IBJ Staff
Cook Group Inc. CEO Carl Cook is among four Hoosiers on Forbes' annual list of the 400 richest people in America.
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Endocyte faces big decisions with new cancer drug

September 29, 2014
J.K. Wall
Endocyte's lead drug showed big impact on lung cancer patients, but some analysts think the company should scrap it for a newer drug that is more powerful.
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Washington Square Mall losing biggest tenant

September 29, 2014
Jeff Newman
Sears Roebuck and Co. plans to close its 194,680-square-foot anchor store in early December, the retailer confirmed Monday. A liquidation sale began Friday.
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Coalition announces legislative agenda aimed at public fraud

September 29, 2014
 The Statehouse File
A group of officials representing local, state and federal governments will push a series of legislative proposals meant to protect public funds and speed the recovery of tax dollars lost to fraud.
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Food distributor to open natural-gas fueling station

September 29, 2014
Kathleen McLaughlin
Indianapolis-based Delco Foods plans to break ground Wednesday on a new compressed natural gas fueling station at 8775 Zionsville Road to serve its own delivery fleet as well as the public.
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ATM, overdraft fees keep climbing, bank survey says

September 29, 2014
Associated Press
The average fee for using an out-of-network ATM has vaulted 23 percent over the past five years. It has notched a new high for eight years in a row.
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Indiana farm fatalities continue downward trend

September 29, 2014
Associated Press
The report says Indiana has had fewer than 30 documented deaths from farm-related accidents each year since 1996.
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Reservoir talk not moving Mounds shopping mall

September 29, 2014
Associated Press
Mounds Mall leasing official Jesse Wilkerson said new tenants are being actively sought for the mall, but it is exploring options for relocating, if necessary.
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NiSource to split into two publicly traded companies

September 29, 2014
Bloomberg News, Associated Press
Merrillville-based NiSource will continue to provide natural gas and electricity to more than 3 million customers, while Houston-based Columbia Pipeline Group will own 15,000 miles of natural gas transmission pipelines.
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Former workers file suit against state lawmaker

September 28, 2014
Associated Press
A state lawmaker who was one of nine Republican state senators to vote against a right-to-work law two years ago is accused in a lawsuit of failing to pay his employees more than $220,000 in wages and other benefits.
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Camp Atterbury ready for large groups of soldiers

September 28, 2014
Associated Press
With more beds and railroad tracks serving Camp Atterbury, the facility will be able to train some of the largest groups of soldiers since World War II. Now Camp Atterbury has to market itself across the nation to make the most of the new facilities.
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State turns to tech for deeper, speedier data analysis

September 28, 2014
Associated Press analysis
Former Indianapolis Mayor Steve Goldsmith is hailing a new government management system adopted by Indiana that can better use troves of government data and predict how tax dollars should be allocated.
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The Interview Issue: Lewis Ferebee

September 27, 2014
J.K. Wall
In stark contrast to his predecessor, Indianapolis Public Schools Superintendent Lewis Ferebee started playing nice with the 30 or so charter schools in Indianapolis, which are publicly funded but privately run competitors to IPS.
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The Interview Issue: Quick Takes

September 27, 2014
We asked our interview subjects to weigh in on three topics. Here’s a sampling of responses.
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The Interview Issue: Jeffrey Johnson

September 27, 2014
Norm Heikens
The senior pastor of Eastern Star Church explains why preaching still belongs as a form of oratory in a day of social media and short attention spans.
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The Interview Issue: Angela Braly

September 27, 2014
Cory Schouten
Angela Braly, an attorney by trade, served as CEO of health insurer WellPoint Inc. from 2007 to 2012, when she resigned amid pressure from shareholders. Braly has continued serving in corporate boardrooms since her departure, albeit with a lower profile.
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The Interview Issue: Peter Rusthoven

September 27, 2014
Sheila Suess Kennedy
Why the go-to attorney for Republicans and conservatives is a strict constructionist on the Constitution.
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The Interview Issue: Karen Ferguson

September 27, 2014
Anthony Schoettle
Karen Ferguson, formerly Crotchfelt, has helped steer the state’s largest daily newspaper through one of its most tumultuous periods.
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The Interview Issue: Jeff Smulyan

September 27, 2014
Norm Heikens
Smulyan, a Democrat whose Emmis Communications Corp. owns radio stations relying on talk formats, has arrived at a principled acceptance of the phenomenon.
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The Interview Issue: Ron Ellis

September 27, 2014
J.K. Wall
Ron Ellis has been CEO of the drug discovery firm Endocyte Inc. since 1996. When he moved to West Lafayette to take the job, he wouldn’t let his wife paint the interior of their new house—for fear he’d be looking for a new job soon. Endocyte has yet to generate any revenue.
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The Interview Issue: Tanya Bell

September 27, 2014
Lou Harry
When Tanya Bell became Indiana Black Expo CEO in 2008, she said she would be a change agent, a tough job when running an organization with deep roots.
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The Interview Issue: Christine Altman

September 27, 2014
Andrea Muirragui Davis
Chrstine Altman, president of the Hamilton County commissioners, believes central Indiana communities would be well-served by embracing other transportation options together.
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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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