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Also this week

September 22, 2010

Pulitzer-Prize-winning poet (and former IU professor) Yusef Komunyakaa comes to Butler University Sept. 23 as part of the Vivian S. Delbrook Visiting Writers Series. Details here.
 
Former superintendent of Indianapolis Public Schools Esperanza Zendejas wrote and performs “When the Dead Cry” at the Phoenix Theatre Sept. 23-25. Details here.
 
Bill Cosby at Purdue University’s Elliott Hall of Music in West Lafayette Sept. 24. Details here.
 
Storytellers Donald Davis and Carmen Agra Deedy share the stage Sept. 24-25 in the season opener for Storytelling Arts of Indiana at the Indiana History Center. Details here.
 
 

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Sales/acquisitions

September 21, 2010
-Van Rooy Properties bought Westminster Apartments, a 438-unit complex at 921 Parliament Place, Greenwood. The list price was $8.2 million. The buyer and the seller/receiver, Barrett Stokely on behalf of Midland Loan Services, were represented by Tikijian Associates.

-Jordan-Fishers LLC bought the 40,000-square-foot Village Square retail center at 11033-11361 Allisonville Road, Fishers. The price wasn’t disclosed. The buyer was represented by Keith Dedrick of Corporate Commercial Group. The seller, Huntington Bank, was represented by Kevin Broadrick of Marcus & Millichap.
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Leases/leasing contracts

September 21, 2010
-Jones Lang LaSalle has been named leasing agent for Lake Pointe Center 5, a 150,000-square-foot office building in Allison Pointe office park. Adam Broderick of Jones Lang LaSalle has been named leasing agent for the two-year-old building, which has 90,000 square feet available. The building is owned by Edgeworth Laskey Properties LLC.

-Premium Supply Inc. leased 45,100 square feet in the North by Northeast Business Park, 9901 Kincaid Drive, Fishers. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, Prologis, was represented by Chip Barnes and Matt Dickerson of NAI Olympia Partners.

-University Pediatric Associates Inc. leased 27,245 square feet at 11590 N. Meridian St., Carmel. The tenant was represented by Zane Brown of CB Richard Ellis. The landlord, Fidelity Office Building II LP, was represented by Mike Napariu of REI Investments.

-Southside Family Physicians leased 8,245 square feet in Emerson Office Parke Building 2, 965 Emerson Parkway, Greenwood. The tenant was represented by Travis Tucker of Duke Realty. The landlord, Emerson Office Parke Building Two LLC, was represented by Greg W. Allen and John Cunningham of Allen Commercial Group.

-County Line Pediatrics leased 8,000 square feet in Greenbrooke Medical Pavilion Building 2, 747 E. County Line Road, Greenwood. The tenant was represented by Travis Tucker of Duke Realty. The landlord, GWA Wheatcraft LLC, was represented by Greg W. Allen and John Cunningham of Allen Commercial Group.

-Stewart-Richardson & Associates leased 5,414 square feet in the Regions Bank Tower, One Indiana Square. The landlord, One Indiana Square Associates, was represented by Ralph Balber and Kelli Dugan of Halakar Real Estate. The tenant represented itself.

-Re/Max Select leased 3,000 square feet in Library Parke, 489 S. State Road 135, Greenwood. The tenant was represented by Keith Turnbill of Re/Max Select. The landlord, Greg Allen Property Management, was represented by Greg W. Allen and John Cunningham of Allen Commercial Group.

-Miebach Consulting Inc. leased 2,982 square feet in Market Square Center, 151 N. Delaware St. The tenant was represented by Matthew Tobe of Halakar Real Estate. The landlord, Hertz Indianapolis One LLC, was represented by Crystal Houston and Dan Richardson of CB Richard Ellis.

-Crown Liquors leased 2,760 square feet at Westside Center, 645 W 11th St. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Westside Development Corp., was represented by John Schick of The Broadbent Co.

-Qdoba leased 2,275 square feet at Greenfield Corner Shops, 2037 N. State St., Greenfield. The tenant was represented by Larry Davis of Sitehawk Retail Real Estate. The landlord, MAP Greenfield LLC, was represented by Jeff Hubley of Midland Atlantic.

-Jimmy Johns leased 1,625 square feet at Speedway Shoppes, 5949 Crawfordsville Road. The tenant was represented by Drew Warner of Eclipse Real Estate. The landlord, Westside Development Corp., was represented by Mark Perlstein of Sitehawk Retail Real Estate.

-LBL's Salon leased 1,600 square feet at Plainfield Commons II, 2683 E. Main St., Plainfield. The tenant was represented by Dawn Lyon of Site Link Commercial Realty. The landlord, Plainfield Commons II LLC, was represented by Liz Yoho of Providence Development.

-Chun Lin leased 1,300 square feet of retail space at 9546 Allisonville Road. The landlord, LOR Corp., was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.
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Housing

September 21, 2010
On a seasonally adjusted basis, the pace of mortgage loan activity decreased 8.9 percent for the week ended Sept. 10, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.47 percent from 4.5 percent the previous week. The rate for 15-year mortgages fell to 3.96 percent from 4 percent.
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Construction

September 21, 2010
Duke Realty Corp. has been selected by the city of Lebanon as construction manager for a public safety building that is under construction at 975 Lasley Drive, Lebanon. The 17,133-square-foot building is to be completed next spring.
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People

September 15, 2010

Dr. Jeffrey Weinberger has joined Community Heart and Vascular, a division of Community Health Network. Weinberger, a vascular surgeon, recently completed a fellowship in vascular surgery at the Cleveland Clinic Foundation.

Jinzhi Pu joined the IUPUI chemistry and chemical biology department as an assistant professor. Pu was most recently in post-doctoral training at Harvard University. Pu holds a bachelor's degree from Peking University and a doctorate from the University of Minnesota.

Rajesh Sardar joined the IUPUI chemistry and chemical biology department as an assistant professor after completing his post-doctoral fellowship at the University of North Carolina, Chapel Hill. Sardar earned bachelor's and master's degrees in India and a doctorate at The Graduate Center, The City University of New York.

Scott Roberts has been appointed business manager for St. Francis Hospital & Health Center’s imaging services. Roberts also will oversee operations of the hospital's Greenbrooke Imaging Center.

OrthoIndy added Dr. Brian Ludwig, an orthopedic surgeon with a focus in sports medicine, as well as Dr. Robert Marsh, an orthopedic surgeon with a focus in foot and ankle issues. Both physicians work at the OrthoIndy South office, 5255 E. Stop 11 Road.

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Correction

September 15, 2010

BioCrossroads Inc. and Spring Mill Venture Partners did not participate in a recent round of fundraising by Indianapolis-based SonarMed Inc. The two  groups gave money to the company earlier but did not add to their investments in the most recent round. The information was incorrect in the Sept. 8 IBJ Health Care & Reform Weekly.

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Company news

September 15, 2010

Indianapolis-based VoCare Inc. has raised $2.2 million from angel investors to launch a mobile device that connects doctors with patients, and expects to reach $3.5 million in fundraising by the end of the year. The startup has developed a device that can combine a tablet computer with a cell phone and a pendant device that calls for help in case of a fall. The company intends to charge about $600 for the device, which could replace a traditional cell phone, plus $120 per month for communication services. VoCare, which has six employees, hired Indianapolis-based AGS Capital LLC to do the fundraising.

Eli Lilly and Co. plans to invest as much as $150 million in three venture-capital funds to aid development of medicines. The funds may be worth up to $250 million each, and Indianapolis-based Lilly will contribute as much as 20 percent of the money, according to Bloomberg News. CMEA Capital, a San Francisco venture-capital firm, started raising money in August for one of the funds with Lilly. Lilly needs to find new medicines as drugs accounting for nearly half its 2009 sales are set to lose patent protection in the next three years, led by bestselling antipsychotic Zyprexa. The Indianapolis-based drugmaker spoke with more than 80 venture-capital and private-equity firms over a year before choosing partners, Bloomberg reported.

Major Hospital and St. Francis Hospital opened a $1.5 million cardiology center on Monday. The UnaVie center, located in the Intelliplex Medical Arts Center in Shelbyville, will house cardiologists, pulmonologists and other medical staff. Dr. Chris Ballast will serve as medical director for the cardiac clinic.

Columbus Regional Hospital has joined the Indiana Network for Patient Care, which allows more than 65 hospitals, long-term-care and other health care providers to swap clinical information about patients. The network, operated by the Indianapolis-based Regenstrief Institute Inc., processes 2.5 million transactions daily, including lab test results and medication and treatment histories. The network is also part of the Indianapolis-based Indiana Health Information Exchange. Columbus Regional is a 225-bed hospital south of Indianapolis.

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Indy Jazz Fest Main Event

September 15, 2010

Sept. 18
Broad Ripple Optimist Park

Najee and Al Jarreau are the headliners for Indy Jazz Fest’s latest redo. The outdoor event has moved from downtown to Broad Ripple, and the entertainment will be focused on a single stage where, along with the two big names, the music will come from the likes of Mike Stern Band, Charmaine Neville and Owl Studios All Stars. A high school band showcase gets things started at noon.

Want to get started sooner? Then catch Dee Dee Bridgewater on Friday at the Madame Walker Theater. Details on all Indy Jazz Fest events here.
 

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"Sibling Revelry"

September 15, 2010

Sept. 17-19
Hilbert Circle Theatre

Perhaps you had the pleasure of hearing cabaret and Broadway great Liz Callaway when she performed at the Cabaret. And maybe you enjoyed the company of her jazzier sister Anne Hampton Callaway when she hosted Yuletide Celebration two years back. Now the two talented sibs return to Indy, together, for a weekend of shows with the Indianapolis Symphony Orchestra based on their popular cabaret act and recording. Details here.
 

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"Welcome to Heaven"

September 15, 2010

Sept. 17-25
White Rabbit Cabaret

Katie Angel, producer of last year’s sold-out “What Would the Neighbors Think,” has launched a new company, Angel Burlesque, focused on burlesque with a contemporary attitude. When I reviewed her earlier show, I said, “Don’t be surprised if old-school burlesque becomes the next big form of alternative entertainment here. Think roller derby without the risk of bruising.”

Thanks to Angel and her angels (both women and men), you’ll have a chance to experience the bumps and grinds for yourself at this and future shows at the recently opened Fountain Square venue. Details here.

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Oranje

September 15, 2010

Sept. 18
2323 N. Illinois St.

If the Penrod and Broad Ripple Art Fairs are just a little too mellow for you, consider the sensory overload that is Oranje. In an otherwise vacant warehouse, more than 40 artists show their work while approximately the same number of bands and performers do their things. You’ll also find a Fashion Lounge, food, drink and more. Artists include Lobyn Hamilton, featured in IBJ here.  Note: This is a 21-and-older event. Details here.
 

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Also this week

September 15, 2010

The Kells, Disney World band Off Kilter and Micky Finn’s, the Saturday night band at Paddy Reilly’s in New York, and Indy’s own Hogeye Navvy are among the entertainers at this year’s Irish Fest at Military Park Sept. 17-19. Details here.

Theatre on the Square offers another in the “Nunsense” series of musical comedies. This one’s the mystery “…And Then There Was Nun.” It runs Sept. 17 to Oct. 16. Details here.

Footlite Musicals stages “The Producers,” Sept. 17 to Oct. 2 at Hedback Theatre. Details here.

The Bob and Tom Comedy All-Stars, featuring the morning show crew, along with Greg Hahn, Greg Warren, Bob Zany and more, perform two shows Sept. 18 at the Egyptian Room at Old National Centre. Details here.

Jackson Browne loads in to the Lawn at White River State Park, Sept. 21. He’s joined by David Lindley. Details here.

Storytelling Arts presents its first annual Ghost Story Contest at IndyFringe Theatre, Sept. 21. Details here.
 

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Housing

September 14, 2010
On a seasonally adjusted basis, the pace of mortgage loan activity decreased 1.5 percent for the week ended Sept. 3, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.5 percent from 4.43 percent the previous week. The rate for 15-year mortgages rose to 4 percent from 3.88 percent.
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People

September 14, 2010
Matt Jackson and Joe Lonnemann have joined Ambrose Property Group as partners and vice presidents of the brokerage division.
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Sales/acquisitions

September 14, 2010
-Cure Westfield Landholdings LLC bought a 16,710-square-foot retail building at 17546 Gunther Blvd., Westfield. The price wasn’t disclosed. The buyer was represented by David Bickell of Re/Max Real Estate. The seller, Westfield Investors LLC, was represented by Jacque Haynes of Cassidy Turley.

-Advanced OrthoPro Inc. bought an 8,500-square-foot office building at 8645 Founders Road. The price wasn’t disclosed. The buyer was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The seller, TEKE Educational Foundation, was represented by Ross Reller of Colliers International and George Crawford of Meridian Real Estate.

-Twin Brothers Investments Inc. bought .26 of an acre of land at 3403 W. Morris St. The price wasn’t disclosed. The seller, Roquil Inc., was represented by Mike Medlock and Rick Jones of Grubb & Ellis Harding Dahm & Co. The buyer represented itself. 
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Leasing/leasing contracts

September 14, 2010
-King’s Beauty leased 21,539 square feet at the North Eastwood Shopping Center at 38th and Post Road. The tenant was represented by Chuck Devan of Century 21 Rasmussen. The landlord, Nassimi Realty, was represented by Andrew Levian of Nassimi Realty.

-Hammond Kennedy Whitney & Co. Inc. leased 8,336 square feet at 8888 Keystone Crossing. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.

-Aaron Rents leased 4,804 square feet at Noble Creek Shoppes, 451 Noble Creek Drive, Noblesville. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate. The landlord, Douglas Realty Group Noblesville LLC, represented itself.

-Teddy’s Burger Joint leased 4,408 square feet of retail space at Southport Shoppes, 2222 W. Southport Road. The tenant was represented by Scot Courtney and Bart Jackson of Grubb & Ellis Harding Dahm & Co.  The landlord, Changes in Latitude LLC, was represented by Bart Jackson of Grubb & Ellis Harding Dahm & Co.

-Country Choice Inc. leased 3,600 square feet in Park Plaza Business Park, 5721 Park Plaza Court. The landlord, First Industrial Realty Trust, was represented by John Hanley and Nikhil Gunale of CB Richard Ellis. The tenant represented itself.

-US Trades LLC leased 2,662 square feet of office space at 10735 Sky Prairie St., Fishers. The landlord, BBQ I LLC, was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley. The tenant represented itself.

-Allos Venture Management Co. Ltd. leased 2,573 square feet at Meridian Mark I, 11611 N. Meridian St., Carmel. The tenant was represented by Kelli Dugan and Todd Maurer of Halakar Real Estate. The landlord, Zeller Management, was represented by Tristan Glover of Zeller Management.

-Symbiont Science Engineering and Construction leased 2,358 square feet at Precedent Office Park. The tenant was represented by Andrew Follman of Meridian Real Estate LLC. The landlord, HDG Mansur, was represented by Tim Hull and Rick Trimpe of CB Richard Ellis.

-Indy Spinal Care and Dr. Shawn Benzinger leased 1,991 square feet at 7207 Shadeland Ave. The tenant was represented by Matthew Tobe of Halakar Real Estate. The landlord, Princell Professional Properties, was represented by Ralph Balber and Ashley Bussell of Halakar.

-Buhok Salon leased 1,946 square feet at Rockville Station, 9269 U.S. 36, Avon.  The landlord, Rockville Station LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-Firehouse Subs leased 1,892 square feet at Stony Creek Marketplace, 17053 Mercantile Blvd., Noblesville.  The tenant was represented by Keith Stark of Situs Realty Corp. The landlord, Inland Southeast Stony Creek LLC, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.

-ZIL Enterprises LLC leased 1,300 square feet of retail space at Carmel Walk, 1315 S. Rangeline Road, Carmel. The tenant was represented by Nick Smyrnis of Grubb & Ellis Harding Dahm & Co. The landlord, the Fineberg Group LLC, was represented by Cindy Hoskinson and Herb Feldmann of Grubb & Ellis Harding Dahm & Co.

-Moroz Market leased 1,300 square feet of retail space at Carmel Walk, 1315 S. Rangeline Road, Carmel. The tenant was represented by Rob Christman and Alyona Tellez of Baldwin Brothers Real Estate Group. The landlord, the Fineberg Group LLC, was represented by Cindy Hoskinson and Herb Feldmann of Grubb & Ellis Harding Dahm & Co.

-A Healing Touch leased 1,200 square feet at Prairie Lakes II in Noblesville. The landlord, Prairie Lakes II LLC, was represented by Liz Yoho of Providence Development. The tenant represented itself.
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People

September 8, 2010

Dr. Elliot Androphy has been named chairman of the department of dermatology at the Indiana University School of Medicine. Androphy joins IU from the University of Massachusetts Medical School, where he was vice chairman for research.

Dr. Mark H. Belfer has joined St. Vincent Physician Network as chief medical officer. Prior to joining St. Vincent, Belfer was president and chief medical officer for Akron General Partners Physicians Group in Ohio.

Indianapolis-based SynCare LLC, a disease-management company serving Medicaid plans, named Ryan D. Chizum vice president of compliance and quality.

Five physicians joined Indianapolis-based Northwest Radiology Network: Dr. Michael S. Conley, medical director for Saint John’s Health System in Anderson; Dr. Joseph George, director of medical imaging at St. Vincent Heart Center of Indiana; Dr. Eric Retrum, Dr. Kurt Returm and Dr. Sara Shull.

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Company news

September 8, 2010

After a string a bad luck, Eli Lilly and Co. finally won a court ruling in a patent case. The U.S. Court of Appeals for the Federal Circuit in Washington stood behind a lower-court ruling that blocks plans by Israel-based Teva Pharmaceutical Industries Ltd. to sell a generic version of the Evista osteoporosis treatment before March 2014. The court also said the judge was correct to invalidate two other patents that expire in 2017. The ruling protects a drug that generated $682.2 million in U.S. sales last year for Lilly. Last month, Lilly lost an appeal over the patent on its cancer medicine Gemzar and lost an initial ruling over the patent on its attention-deficit treatment Strattera.

Indianapolis-based SonarMed Inc., which makes respiratory monitoring technologies for hospital patients, has raised $1 million from angel investors. The money should allow SonarMed to launch its Airway Monitoring System, which won clearance from the U.S. Food and Drug Administration in April. Participants in the Series A funding round included StepStone Angel Investors, Spring Mill Venture Partners and BioCrossroads, all headquartered in Indianapolis, along with Chicago-based Hyde Park Angels and Cincinnati-based Queen City Angels.

Clarian Health is expected to create nearly 1,200 jobs when it builds a neurosciences center and administrative building just south of Methodist Hospital. Clarian is partnering with Shiel Sexton Co. Inc. on the roughly $200 million project, in which the hospital system would lease space in the buildings. The 1,187 jobs Clarian expects to create would boast an average annual salary of nearly $47,000. Clarian plans to start construction in November on the 247,000-square-foot, $120 million neurosciences center, with a completion date of April 2012. Meanwhile, work on the 280,000-square-foot, $87 million administration building is scheduled to start in April and would be finished in May 2013.

Angie’s List has partnered with Tennessee-based Healthcare Blue Book to give consumers price information before they receive medical care. The Indianapolis-based consumer review and rating service started making the price information available to members on its website Wednesday. The same information already is available directly from Healthcare Blue Book, a website launched last year that provides the average price health care providers charge for services ranging from ordinary pediatrician visits to complicated surgeries to expensive diagnostic imaging tests. Healthcare Blue Book encourages consumers to negotiate upfront with health care providers, even generating a contract for them to sign agreeing to the fair price Healthcare Blue Book’s database finds for the doctor’s local area. Angie’s List has been making available consumer-generated reports and ratings on health care providers since the spring of 2008.

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International Violin Competition of Indianapolis

September 8, 2010

Sept. 10-26
Various locations

There’s a whole new crop of insanely talented violinists coming to town from Russia, Armenia, China, Germany, Canada, South Korea, Japan, Sweden, Spain, Czech Republic, Hungary, and elsewhere in the United States. But the eighth quadrennial event also includes something new after they’ve all performed. At the finals, while the judges are deliberating, the Indianapolis Symphony Orchestra’s Zach De Pue will “blind” test both a contemporary violin and its old-school equivalent to see if audiences can actually tell the difference—and which they prefer. Sounds interesting. Details here.

 

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Penrod Art Fair

September 8, 2010

Sept. 11
Indianapolis Museum of Art

It is entirely possible—although not recommended—to experience the Penrod Art Fair without actually visiting the artists’ booths. That’s because there will be live entertainment on six stages, including appearances by Dance Kaleidoscope, the Tad Robinson Band, the Indianapolis Children’s Choir, the Indianapolis Men’s and Women’s Choruses, Stacie Sandoval and her Tropical Jazztet, Cynthia Lane, Steve Allee & Friends, and New Shining Star offering an Earth Wind and Fire tribute.

Oh, and make sure to stop by the IBJ booth to say hello. I’ll be the guy handing out copies of IBJ’s Arts & Entertainment Season Preview (while supplies last, of course). Details here.
 

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Penrod Art Fair

September 8, 2010

Sept. 11
Murat Theatre

This time last year, I had no idea what to expect from the Indianapolis City Ballet’s first gala performance featuring stars from ballet companies from around the world.

A year later, having experienced last year’s magnificent talent showcase, I do have an idea what to expect—and I can’t wait for the sequel. The lineup this time includes dancers from the American Ballet Theatre, Boston Ballet, Berlin Ballet and more, with a return appearance by Miquel Quinones, who will once again offer David Parsons’ “Caught” (which still gives me chills just thinking about it). Details here.
 

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"Evening with the Stars"

September 8, 2010

Sept. 11
Murat Theatre

This time last year, I had no idea what to expect from the Indianapolis City Ballet’s first gala performance featuring stars from ballet companies from around the world.

A year later, having experienced last year’s magnificent talent showcase, I do have an idea what to expect—and I can’t wait for the sequel. The lineup this time includes dancers from the American Ballet Theatre, Boston Ballet, Berlin Ballet and more, with a return appearance by Miquel Quinones, who will once again offer David Parsons’ “Caught” (which still gives me chills just thinking about it). Details here.

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Cabaret Fest

September 8, 2010

Sept. 10-17
Cabaret at the Columbia Club

A visitor to town this week might think the Columbia Club on Monument Circle is the town’s busiest music showcase. On Friday and Saturday, a trio of Broadway and cabaret stars will present their “Three Men and a Baby … Grand” tribute to the Rat Pack. They’ll be followed by three nights of music showcases Sept. 13-15 featuring the likes of four-time Tony Award nominee Gregg Edelman and Broadway “Mamma Mia” star Karen Mason.

That’s not all. On the 14th, you can also see Karen Kohler’s interactive “History of Cabaret” show (which includes a dessert reception), catch hot jazz artist Jane Monheit on the 16th, and keep things going to the 17th for an evening of European cabaret and American pop with Kohler.

Why the musical convergence? Many of the acts are in town for the Midwest Arts Conference. Details on the open-to-the-public shows here.
 

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Also this week

September 8, 2010

The Theater Within presents “Wit,” Sept. 10-15 at Fountain Square’s The Church Within. Details here.

Indianapolis Civic Theatre opens its season with a production of “Annie,” Sept. 10-25. Details here.

Beef & Boards returns to “Camelot,” through Oct. 10. Details here.

Todd Rundgren plays Clowes Hall with opening act The Fixx, Sept. 11. Details here.

Rob Dixon and friends jazz up the final concert in the White River State Park Family Arts Series, Sept. 11 at the Celebration Amphitheater. Details here.

Indiana Wind Symphony presents “PT Barnum at 200 and H.O. Reed at 100,” celebrating the showman and the composer, Sept. 12 at St. Luke’s. Details here.

River North Dance Company takes the stage at Ball State’s Emens Auditorium Sept. 12. Details here.

Billy Bragg performs at the Vogue, Sept. 14. Details here. http://thevogue.com/upcomingshows#billybragg

The main event isn’t until the 18th, but Indy Jazz Fest technically begins this week with Raul Midon, the Preservation Hall Jazz Band, and Simone performing Sept. 13, 14 and 15, respectively, at The Jazz Kitchen. Details here.
 

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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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