News & Analysis

Big Ten tournament attendance, economic impact up

March 14, 2011
Anthony Schoettle
Downtown hotel rooms were sold out three straight nights as attendance at the Big Ten men's basketball tournament hit its highest mark since 2006.
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Lilly agrees to buy European animal health company

March 14, 2011
J.K. Wall
Elanco, the animal health division of Eli Lilly and Co., has agreed to acquire Jannsen Animal Health, a subsidiary of New Jersey-based Johnson & Johnson, pending regulatory approval. Financial terms of the deal were not disclosed.
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Eagle's Nest is a survivor among rooftop eateriesRestricted Content

March 12, 2011
Anthony Schoettle
As rooftop restaurants nationwide have fallen from grace, the Eagle’s Nest, sitting high atop the 22-story Hyatt Regency Hotel in the center of downtown, continues to fly high.
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Product delays thwart $40M Roche purchase

March 12, 2011
J.K. Wall
Delays getting new diabetes meters into the U.S. market appear to have tripped up Roche Diagnostics Corp. on its way to acquiring a key software vendor.
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Do golf and business still mix?Restricted Content

March 12, 2011
Anthony Schoettle
Courses see shrinking revenue from companies, but many dealmakers still hit the links
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Best bets: Finding the Indiana casino that's a winner for youRestricted Content

March 12, 2011
Andrea Muirragui Davis
So given Indianapolis’ central location, what’s a gambler to do when she gets the urge to press her luck? Figuring that out is nearly as hard as deciding whether to hit or stand on 16.
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Hey Indiana, what's new?Restricted Content

March 12, 2011
Lou Harry
Travelers will see changes at statewide attractions.
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Banks OK with 'clean energy financing districts'Restricted Content

March 12, 2011
Scott Olson
Industry feared original bill would have put mortgage lenders at added risk.
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SOOFI: Islamic finance edging into ever-larger dealsRestricted Content

March 12, 2011
Asset-laden institutions sidestepped financial crisis.
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Regulatory overload is community banks' next big hurdle

March 12, 2011
Francesca Jarosz
Banks across Indiana are preparing for a deluge of new regulations that will cut into their bottom lines, make their businesses more complex and, in some cases, force them to consolidate.
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Antitrust lawsuit threatens 'essence' of NCAARestricted Content

March 12, 2011
Anthony Schoettle
A former Rice University football player argues that one-year limits on athletic scholarships is a “blatant price-fixing agreement” between the NCAA and its member schools.
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Feds call Indianapolis Power & Light coal-ash ponds 'high hazard'Restricted Content

March 12, 2011
Chris O'Malley
The Environmental Protection Agency and the local utility are at odds over the condition of the ponds and the extent of remediation that is necessary.
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Bill would give neighborhoods more power to resist annexationRestricted Content

March 12, 2011
Kathleen McLaughlin
Cities and towns would lose the power to annex land against the owners’ will, under a bill that easily cleared the Indiana Senate.
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Noble Roman's expands grocery offerings to boost bottom line

March 12, 2011
Cory Schouten
The Indianapolis company, founded in 1972, started as a chain of sit-down family restaurants but continues to find new outlets for its products.
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Purdue case highlights costs of defending intellectual propertyRestricted Content

March 12, 2011
J.K. Wall
A complicated legal case about trade secrets points up a down side to the success Indiana’s research universities have had turning their research into revenue: Large legal bills can eat much of the money.
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Retail chain Family Leisure finding new identityRestricted Content

March 12, 2011
Cory Schouten
Recreational product superstore Family Leisure changed its name from Watson's two years ago, but it could take years before the company led by Kevin Prefontaine builds the kind of brand equity tied up in the old name.
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Peru immigrant built career on helping local Hispanics

March 12, 2011
Ann Finch
Aida McCammon has spent 20 years helping Hispanics improve their lives and succeed in the United States.
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Not guilty plea entered for secretary of state

March 11, 2011
Associated Press
A Hamilton County court magistrate has entered a not guilty plea for Indiana Secretary of State Charlie White, who was indicted last week on seven felony counts including voter fraud.
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Firestone renews IndyCar Series supply agreement

March 11, 2011
 IBJ Staff
A week after announcing its intention to leave the IndyCar Series after the 2011 season, Nashville, Tenn.-based Bridgestone Americas announced Friday morning that its Firestone brand will continue to serve as the sole tire supplier to IndyCar through the 2013 race season.
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Super Bowl Host Committee lays out winter weather plans

March 11, 2011
Anthony Schoettle
Jim Schellinger, chairman and CEO of CSO Architects, has been appointed to handle weather preparedness for the Super Bowl to be hosted in Indianapolis in February.
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NFL, players face expiration of labor contract

March 11, 2011
Associated Press
With the NFL on the brink of its first work stoppage in nearly a quarter of a century, Commissioner Roger Goodell and union head DeMaurice Smith met at a federal mediator's office Friday, the day the league's twice-extended labor contract was set to expire.
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Local home sales continue downward slide

March 11, 2011
Home-sale agreements in the nine-county Indianapolis area fell 16.7 percent in February compared to the same month in 2010, marking 10 straight months of declining sales.
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Law student taps connections for shoe startup

March 11, 2011
Kathleen McLaughlin
Arsene Millogo is sitting out the current semester at IU School of Law-Indianapolis to work on his own line of running shoes, a startup he and three friends financed with more than $50,000 of their own money.
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Retail sales up 1 percent in February

March 11, 2011
Associated Press
Shoppers snapped up new cars, clothing and electronics gadgets in February, pushing retail sales up for the eighth straight month.
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Indiana University to offer workers buyout plan

March 11, 2011
Associated Press
Indiana University is drafting plans to offer thousands of university employees a voluntary retirement buyout.
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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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