Regional News

Former real estate exec to plead guilty to wire fraud

September 6, 2011
Scott Olson
Kim Hutchinson, former treasurer of J. Greg Allen Builders and Princeton Homes, agreed to plead guilty to stealing $446,419. Her cooperation likely will result in a lighter sentence of 30 to 40 months.
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Johnson County still dealing with 2008 flood

September 6, 2011
Associated Press
Johnson County officials have been working to buy about 40 flooded properties in an area a few miles west of Greenwood, so they can be demolished.
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Tax bills spur eBay listing for Anderson office buildings

September 5, 2011
 IBJ Staff and Associated Press
Two investors stung by soaring property taxes have listed three Anderson office buildings on eBay in hopes of drumming up interest in the $4.5 million package deal.
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Marsh plans to spend $60M to build and remodel storesRestricted Content

September 3, 2011
Cory Schouten
The Fishers-based supermarket chain is shifting into expansion mode with a mission to construct up to 10 new stores and revamp or rebuild several more over the next three years.
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Lauth's Eaglepoint fattens up on racing teams

August 30, 2011
Scott Olson
David Powers Motorsports, John Force Racing, Don Prudhomme Racing and Vance & Hines together occupy roughly 320,000 square feet of space at the park.
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Ball State geothermal plant powers economic engineRestricted Content

August 27, 2011
Andrew Smith
Ball State University leaders hope the school's $87 million geothermal plant paves the way for others like it—as an economic-development opportunity as much as an environmental effort.
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Crooked Stick golf pro hits links every day, rain or shineRestricted Content

August 20, 2011
Maria LaMagna
Patrick White Crooked watch videoCrooked Stick Golf Club pro Patrick White works 90 or more hours a week and loves every minute of it.
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Racinos ask federal court to lower their tax liabilityRestricted Content

August 20, 2011
Francesca Jarosz
If Indiana Live and Hoosier Park prevail, the racetrack-casinos may cut they could cut their combined tax bill by $30 million a year.
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Private funds may kick-start rail-transit planRestricted Content

August 20, 2011
Chris O'Malley
An innovative private financing deal struck last year to expand Denver’s rail transit system could be used to expedite construction of the first line in central Indiana.
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Probe: Investment adviser Hauke masked huge loss

August 20, 2011
Greg Andrews
Fishers investment manager Keenan Hauke suffered massive losses in his hedge fund seven years ago. Then, rather than fess up, he generated fake account statements for clients that showed money they didn’t really have and returns they hadn’t earned, state investigators allege.
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Veteran banker Alley found Integra too sick to saveRestricted Content

August 20, 2011
Francesca Jarosz
With reluctance, Mike Alley, a veteran Indianapolis banker, joined the board of Evansville-based Integra Bank in April 2009. A month later, he found himself CEO—the beginning of a 26-month odyssey that ended July 29 with banking regulators seizing and shutting down the 160-year-old institution.
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Mobile video game trailer rolls into central IndianaRestricted Content

August 20, 2011
Andrew Smith
Startup Game Guru 2 U is providing entertainment for about 10 events a month, but hopes to triple its business.
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Economy still tough, but a few Hoosier industries on upswingRestricted Content

August 20, 2011
J.K. Wall
Two years into the economic recovery, bright spots in the Indiana job market are still hard to find. The insurance industry is one of the few glimmers of light on Indiana’s horizon. Others include engine makers, nursing homes and temp agencies.
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Defense contractor adding 60 jobs in Bloomington

August 19, 2011
Next Wave Systems LLC will add the jobs by 2014 as part of a $330,000 expansion at its Bloomington facility.
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Colts to keep camp in Anderson for 5 more years

August 17, 2011
Associated Press
The Indianapolis Colts announced Tuesday they had agreed to a five-year deal that will keep training camp at the Division III school northeast of Indianapolis through 2016.
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IU Health fights Franciscan over family doc

August 15, 2011
J.K. Wall
IU Health Morgan Hospital sued Dr. Dianna Boyer on Aug. 3 to stop her from moving her practice to a facility Franciscan St. Francis Health is building in Martinsville.
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Inventor on quest to bring medical device to marketRestricted Content

August 13, 2011
Chris O'Malley
Licensed practical nurse Nic Davis invented a device to kill and prevent the introduction of microorganisms that collect at catheter ports.
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Habitat for Humanity tries hand at fixer-uppersRestricted Content

August 13, 2011
Kathleen McLaughlin
Habitat for Humanity affiliates are getting into the business of rehabbing homes, capitalizing on the availability of foreclosed homes.
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Firm makes splash retrieving golf ballsRestricted Content

August 13, 2011
Sam Stall
Mark Schmitt, president of Rawhide Golf Ball Co., runs a business that recovers dimpled pills from golf course water hazards, buffs them up, and resells them. (With photo gallery)
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INSIDE DISH: Carmel Cajun eatery Mudbugs turns corner

August 12, 2011
Mason King
Dish_Mudbugs_watch_videoAfter a shaky start, ownership shakeup and puzzled looks from potential patrons, Belinda and Roy LeBlanc have turned their homegrown oasis for Louisiana cuisine into a profitable venture.
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Report: Investigators tailed Libman before resignation

August 9, 2011
J.K. Wall
A WXIN-TV Channel 59 report suggests the city of Carmel hired private investigators to tail Steven Libman, who resigned abruptly last month as CEO of the Center for the Performing Arts in Carmel.
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Fishers named a top suburb for retirees

August 9, 2011
 IBJ Staff
Forbes magazine said Fishers had the lowest crime rate on the list, average home prices just above $200,000 and a cost of living 10 percent below the national average.
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Utility locator U.S. Infrastructure Corp. buys Nebraska companyRestricted Content

August 6, 2011
 IBJ Staff
Company that recently moved from Carmel to Indianapolis extends its market to 29 states.
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Palladium sells well, ups ante for its competitorsRestricted Content

August 6, 2011
Kathleen McLaughlin
About 40 percent of the tickets sold during the Palladium’s first half-season went to subscribers, prompting managers to expand the series offerings for the full season that begins later this month.
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Lucas Oil Raceway aims to survive NASCAR exitRestricted Content

August 6, 2011
Anthony Schoettle
Despite losing two of its five biggest events—the NASCAR Nationwide and truck races—last month, Lucas Oil Raceway is already making plans to replace those events next summer and track officials are confident it will be profitable in 2012.
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  1. You are correct that Obamacare requires health insurance policies to include richer benefits and protects patients who get sick. That's what I was getting at when I wrote above, "That’s because Obamacare required insurers to take all customers, regardless of their health status, and also established a floor on how skimpy the benefits paid for by health plans could be." I think it's vital to know exactly how much the essential health benefits are costing over previous policies. Unless we know the cost of the law, we can't do a cost-benefit analysis. Taxes were raised in order to offset a 31% rise in health insurance premiums, an increase that paid for richer benefits. Are those richer benefits worth that much or not? That's the question we need to answer. This study at least gets us started on doing so.

  2. *5 employees per floor. Either way its ridiculous.

  3. Jim, thanks for always ready my stuff and providing thoughtful comments. I am sure that someone more familiar with research design and methods could take issue with Kowalski's study. I thought it was of considerable value, however, because so far we have been crediting Obamacare for all the gains in coverage and all price increases, neither of which is entirely fair. This is at least a rigorous attempt to sort things out. Maybe a quixotic attempt, but it's one of the first ones I've seen try to do it in a sophisticated way.

  4. In addition to rewriting history, the paper (or at least your summary of it) ignores that Obamacare policies now must provide "essential health benefits". Maybe Mr Wall has always been insured in a group plan but even group plans had holes you could drive a truck through, like the Colts defensive line last night. Individual plans were even worse. So, when you come up with a study that factors that in, let me know, otherwise the numbers are garbage.

  5. You guys are absolutely right: Cummins should build a massive 80-story high rise, and give each employee 5 floors. Or, I suppose they could always rent out the top floors if they wanted, since downtown office space is bursting at the seams (http://www.ibj.com/article?articleId=49481).

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