News & Analysis

City’s Covanta deal discourages rival recycling programs

August 4, 2014
Kathleen McLaughlin
Details of a pending recycling deal with Covanta are emerging. Under the pact, the city of Indianapolis would face financial penalties if it launches other recycling programs.
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ITT Educational shares reeling after deal falls through

August 4, 2014
Bloomberg News
The real estate deal would have brought as much as $119.1 million for the struggling, Carmel-based education firm.
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State eyes downtown site for $17M archives project

August 4, 2014
Mason King
Officials want developers to submit plans for a site on the American Legion Mall, including an existing historic building and a 36,000-square-foot addition.
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REI Investments agrees to buy site of former GM stamping plant

August 4, 2014
Scott Olson
The local developer plans to purchase the entire 102-acre property, which has been earmarked for a 15,000-seat outdoor concert venue and the city's new criminal justice complex.
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U.S. airfares on the rise, outpacing inflation

August 4, 2014
Associated Press
The average roundtrip ticket within the U.S., including taxes, reached $509.15 in the first six months of this year, up nearly $14 from the same period last year.
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Not so golden: Wealth gap lasting into retirement

August 4, 2014
Associated Press
With traditional pensions becoming rarer in the private sector, and lower-paid workers less likely to have access to an employer-provided retirement plan, there is a growing gulf in the retirement savings of the wealthy and people with lower incomes.
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Indiana ethics cases draw watchdog frustration

August 4, 2014
Associated Press analysis
Lawmakers say they are going to look at new transparency rules after public officials skirted the law in three separate ethics cases this year.
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Paul George's broken leg leaves Pacers reeling

August 2, 2014
Associated Press
The Indiana Pacers, a round short of the NBA Finals the last two years, are left pondering a season without their best player.
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Banks beckon wary millennials

August 2, 2014
Chris O'Malley
Institutions have uphill climb to build trust with generation scarred by financial crisis.
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Investor reimbursement fund off to slow start

August 2, 2014
Chris O'Malley
Time required for investigations, prosecutions caused delays.
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Wishard site could hold new hospital for IU Health

August 2, 2014
J.K. Wall
The site of the former Wishard Memorial Hospital could become home to a new combined downtown hospital for Indiana University Health.
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More executives want break from 24-hour connectivity

August 2, 2014
Anthony Schoettle
A growing number of people are seeking a kind of digital detox at least once a year, but many still resist the idea. According to Wired magazine, less than 10 percent of all Americans unplug—even for one week a year,
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HALO startup funding surpasses $20 million markRestricted Content

August 2, 2014
HALO reached the $20 million milestone after pumping nearly $1.5 million in the first half of 2014 into mobile app developer Bluebridge Digital, contract-research firm AIT Bioscience, threat-intelligence firm Emerging Threats and sales-automation software firm TinderBox.
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Startup objects to IndyGo's no-bid deal with rival

August 2, 2014
Kathleen McLaughlin
An Indianapolis software startup that hopes to win contracts from public-transit agencies across the country is protesting a no-bid deal by IndyGo.
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Two-hotel tower proposed across from fieldhouse

August 2, 2014
Scott Olson
A Minneapolis developer wants to build two high-end hotels in the same 15-story building on a surface parking lot downtown across from Bankers Life Fieldhouse.
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New TV deals to provide huge cash infusion for Colts

August 2, 2014
Anthony Schoettle
The NFL’s new contracts with CBS, Fox, NBC and ESPN—which take effect this month—are set to deliver each of the league’s 32 teams a $27 million bump in national television revenue, according to sources familiar with the deals.
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Center Township trustee used invalid police license plate

August 2, 2014
Kathleen McLaughlin
Center Township registered a police plate to a 2011 Dodge Charger driven by Trustee Eugene Akers, then used the plate for three years after the BMV declared it invalid.
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Simon suing ShopperTrak over use of mall cameras

August 2, 2014
Scott Olson
A subsidiary of Simon Property Group Inc. is suing the world’s largest retail traffic counter, claiming it’s unjustly profiting from cameras installed in stores at Castleton Square Mall.
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EPA coal-plant emission limits challenged by 12 states

August 1, 2014
Bloomberg News
A dozen states, led by West Virginia and including Indiana, sued the U.S. Environmental Protection Agency on Friday to block a proposed rule that would limit carbon dioxide emissions from coal-fired power plants.
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UPDATE: Fair opens with first alcohol sales since 1946

August 1, 2014
Associated Press
The first person to sample alcohol under the new law was 67-year-old Ed Swafford of Liberty. He tried a Bavarian-style ale and declared it tasty.
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UPDATE: Report clears ex-state official, finds gaps in law

August 1, 2014
Associated Press
Indiana's inspector general has determined a former state highway official didn't violate any laws in a series of land deals. But Inspector General David Thomas said it went "right up to the line."
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FDA approves Lilly, Boehringer diabetes drug

August 1, 2014
Associated Press
The Food and Drug Administration said Friday it will permit Jardiance tablets to be used by adult patients with type 2 diabetes who also are trying to control their condition with diet and exercise.
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Clay Township sewer-overflow project halted

August 1, 2014
Dennis Barbosa
The Clay Township Regional Waste District on Wednesday withdrew its offer to buy part of a church's land and build a million-gallon sewage-overflow tank near 106th Street and Keystone Parkway.
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Top deputy to head local U.S. attorney's office

August 1, 2014
Associated Press
The top deputy for the federal prosecutor's office for central and southern Indiana is taking over following the resignation of U.S. Attorney Joe Hogsett.
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U.S. manufacturing expands for 14th straight month

August 1, 2014
Associated Press
The Institute for Supply Management, a trade group of purchasing managers, reported Friday that its manufacturing index rose to its highest level since April 2011.
More
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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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