Speedway

Taxi cab drivers file suit against Town of Speedway

July 1, 2013
Mason King, Associated Press
Speedway police improperly seized the licenses of as many as 80 cab drivers on the day of this year's Indianapolis 500, and later charged them $50 each for their return, according to a federal lawsuit filed against the town.
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Bicycle race to debut in Speedway

May 22, 2012
Anthony Schoettle
More than 400 two-wheel racers and thousands of spectators are expected to descend on downtown Speedway June 1 for the first Tri West Criterium. Top cyclists are expected to hit average speeds of near 30 miles an hour on a tight, closed course.
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Redevelopment plans threaten Gasoline AlleyRestricted Content

February 2, 2009
Anthony Schoettle
Business owners along the fabled Gasoline Alley north of Rockville Road think a proposal to close a north-south road linking them to the front door of the Indianapolis Motor Speedway will have devastating effects.
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Speedway project will have victimsRestricted Content

December 1, 2008
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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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