News & Analysis

Bulldogs fall in title game, but leave big impression

April 4, 2011
Associated Press
Butler University lost 53-41 to the University of Connecticut on Monday night in the NCAA men's basketball title game. But now, thanks to two straight runs to the final, every mid-major thinks they've got a shot. And a blueprint for how to do it.
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IT provider fires back at local not-for-profit

April 4, 2011
 IBJ Staff
Information Technology services provider Beracha Foundation is seeking more than $730,000 from Indianapolis-based Evangelical Baptist Missions Inc. for breaching IT and consulting contracts, plus real and punitive damages.
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IU ranks in top 10 for private donations received

April 4, 2011
Associated Press
The 2010 rankings released by the Council for Aid to Education rank Indiana University first in the Big Ten, first among public universities and 10th in the nation in voluntary backing with $342 million in gifts and non-governmental research grant funds.
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Obama set to visit Speedway manufacturer

April 4, 2011
President Barack Obama plans to make a trip to Indianapolis on Friday to visit Speedway-based manufacturer Allison Transmission Inc., the company confirmed Monday afternoon.
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Local banks see small-business lending surging

April 4, 2011
J.K. Wall
Chase and Fifth Third of Indiana saw 57-percent and 56-percent spikes, respectively, in loans to state businesses last year. They forecast similar growth this year.
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Antidepressants linked to narrowed arteries

April 4, 2011
The study included Eli Lilly and Co. drug Cymbalta, which racked up sales of $3.5 billion last year for the Indianapolis-based drugmaker.
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Unions plan protest rallies across Indiana

April 4, 2011
Associated Press
Labor unions are planning rallies at the Indiana Statehouse and around the state Tuesday as part of continuing protests against Republican-backed legislation.
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Young workers in Indiana still face tough job market

April 3, 2011
Associated Press
The number of Indiana teens and college students with jobs fell sharply during the recession, and their employment prospects might not improve this year.
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Controversy brews over judging charter performance

April 2, 2011
J.K. Wall
There is little agreement—but lots of politics and complex statistics—on how to define success and failure in Indiana’s public schools.
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Manufacturer crosses over from auto parts to caskets

April 2, 2011
Kathleen McLaughlin
Gestamp Automocion makes metal components for the auto industry, employing 18,000 people worldwide. Now it is branching into the staid niche of casket manufacturing.
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Gas distributors oppose $2.7B Rockport gasification plantRestricted Content

April 2, 2011
Chris O'Malley
Six gas-distribution companies have urged regulators to reject a state plan that would force residential natural-gas customers to effectively subsidize a $2.7 billion coal gasification project proposed for Rockport.
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Indiana manufacturing sector clawing its way backRestricted Content

April 2, 2011
Scott Olson
Factories are adding jobs, but returning to pre-recession levels will be a long slog.
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Trucking industry upswing may draw investors to Allison IPO

April 2, 2011
Kathleen McLaughlin
Allison Transmission is not a household name like Google or General Motors, but it won’t lack an audience for its planned $750 million initial public offering.
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Task force coaxes homeless off downtown streetsRestricted Content

April 2, 2011
Kathleen McLaughlin
An informal collaboration of social workers, police and prosecutors has had early success getting some of the most stubborn homeless people in Indianapolis from downtown streets to shelter or recovery programs.
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Call center orders boost Interactive Intelligence sharesRestricted Content

April 2, 2011
Chris O'Malley
Shares of the call center software firm Interactive Intelligence have nearly tripled, to around $38 from a 52-week low of $14, last August, thanks to a string of larger orders, and to its anticipation of the rise of “communications as a service,” or CaaS.
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Tax breaks for Rolls-Royce hinge on investment, not jobsRestricted Content

April 2, 2011
Francesca Jarosz
City officials’ fear that Rolls-Royce Corp. might pull thousands of jobs out of Indianapolis drove the negotiations that culminated last month with the company’s committing to move 2,500 of its local office employees to the south side of downtown.
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Flexibility eases pain of principal's departure

April 2, 2011
Francesca Jarosz
Carlotta Watch VideoThe abrupt departure of Indianapolis Metropolitan High School's dynamic principal, Carlotta Cooprider, had the potential to deal a major blow to the 430-student charter school. But school administrators, parents and students say the transition was mostly seamless.
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Indy Met Pumas make basketball historyRestricted Content

April 2, 2011
Francesca Jarosz
The Indianapolis Metropolitan High School boys’ basketball team won the Class 1-A state championship, for the first time in the team’s four-year existence.
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Next state budget to spend $117M more on pensions

April 1, 2011
Associated Press
Indiana lawmakers plan to set aside more money in the next two-year budget to help deal with unfunded pension liabilities, but experts warn the amount needed to pay retirees will only grow in the next 15 years.
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INSIDE DISH: St. Elmo stakes out expansion plan

April 1, 2011
Mason King
St Elmo Watch VideoCo-owner Craig Huse's designs to create a 3,000-square-foot bar above the landmark eatery is just another example of Elmo's tradition-based evolution.
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Colleges spend big, lose big on women's basketball

April 1, 2011
Bloomberg News
Across the U.S., the most popular women’s college sport is in the red. Women’s basketball at the 53 public schools in the six largest conferences recorded operating losses last fiscal year of $109.7 million, while the men’s teams reported operating profits of $240 million.
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U.S. unemployment rate falls to two-year low

April 1, 2011
Associated Press
The nation added 216,000 jobs last month, with private employers adding more than 200,000 jobs for a second straight month. However, a big factor in the lower jobless rate is that many people who stopped looking for jobs still aren't looking for one.
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Hinkle Fieldhouse slated for $25 million restoration

April 1, 2011
Scott Olson
A capital campaign is under way to fund improvements to the historic arena on the campus of Butler University. Upgrades will include more seating for season-ticket holders and a new scoreboard with video capabilities.
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Organic-food delivery service growing its operations

April 1, 2011
Sean Morrison
Indianapolis-based Green B.E.A.N. Delivery planted a seed here four years ago, and now the organic food-shipping service is cultivating its own 60-acre farm in Sheridan.
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Indiana college to break ground on pharmacy school

April 1, 2011
 IBJ Staff and Associated Press
Northern Indiana's Manchester College plans to begin work this summer on the college's new $18 million pharmacy school.
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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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