Government & Economic Development

City chooses firm to oversee parking-meter operations

August 20, 2010
Scott Olson
The city has entered into a 50-year lease agreement with Dallas-based Affiliated Computer Services Inc. The city will receive $35 million upfront and a share of revenue to make sidewalk and street repairs. Parking meter rates are expected to double in some areas.
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City lands $13.8M more than expected from water deal

August 19, 2010
Chris O'Malley
The city's AAA bond rating boosts proceeds to $153.8 million. It originally expected $140 million for street, bridge and sidewalk projects.
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Bank On Indy initiative nearing first-year goal

August 19, 2010
Program that aims to reach local population without bank accounts so far has helped more than 7,500 people open an account.
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IT firm approved for tax breaks on $29 million project

August 19, 2010
Lightbound LLC plans to construct 50,000-square-foot data center near Kentucky Avenue on the city's southwest side. The abatement should save the company $2.5 million.
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Summit Realty pursues downtown building for HQ

August 17, 2010
Scott Olson
The firm, now based in Chase Tower, wants to acquire and renovate the building at 241 N. Pennsylvania St.
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Parking rates could double under city plan

August 11, 2010
Scott Olson
City leaders expect to select a manager to oversee parking operations within the next week.
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Murphy aims to make Louisville firm big local player

August 10, 2010
 IBJ Staff
The longtime state representative is merging his communications firm into Louisville-based Peritus, which has offices in five states.
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Counties brace for big tax losses next year

August 9, 2010
 IBJ Staff and Associated Press
Indiana counties will receive $1.3 billion in income tax revenue in 2011, nearly 16 percent less than they did this year. Marion and Hamilton counties will suffer major reductions in distributions.
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Daniels: Stimulus should focus on companies, not states

August 9, 2010
Bloomberg News
Indiana Gov. Mitch Daniels said he opposes more stimulus such as aid to states to keep teachers hired and to expand credit to small business, while favoring incentives to revive private hiring and investment.
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Property shuffle aims to connect police, fire services with neighborhoods

August 7, 2010
Cory Schouten
The city plans to open police-and-fire hubs in two former IPS schools, retrofit an Eastgate mall department store into an Emergency Operations Center, and build at least two fire stations.
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Trustee pressing Daniels, others to return Durham's donations

August 5, 2010
J.K. Wall
Trustee Brian Bash has sent letters to politicians who he says received a total of $900,000 in funds Durham had borrowed from the coffers of Fair Finance, a now-bankrupt investment firm based in Ohio.
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Red Gold expanding Madison County operations

August 5, 2010
Following $5.1 million investment, the company plans to create 42 jobs by 2012 by expanding its production operations in Orestes.
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Indiana state revenue falls short of projections again

August 4, 2010
Associated Press
The State Budget Agency reported Wednesday that Indiana collected $917 million in July, $15 million below the most recent revenue projections.
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Trustee: Durham used Fair funds for gambling, donations

August 3, 2010
Greg Andrews, Associated Press
The bankruptcy trustee said Durham spent $2.8 million on gambling and resorts, $3.3 million on interior decorating and $14 million on real estate.
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Seven cab companies denied licenses

August 3, 2010
The city of Indianapolis' Department of Code Enforcement rejected the applications largely because the companies didn't have a dispatch facility or didn't have employees to staff a facility.
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Quick hits: Indianapolis and Kansas City are close match in tourism

July 31, 2010
Indianapolis and Kansas City, a metro area with feet in both Missouri and Kansas, are not only similar demographically, but the cities' convention and tourism trades have some measures in common, like number of annual visitors.
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Secretary of state candidate leaves architectural firm

July 30, 2010
Scott Olson
Vop Osili of Indianapolis-based A2SO4 is focusing full time on his run for secretary of state as the Democratic candidate.
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Exchanges sprout around the country

July 28, 2010
J.K. Wall
When the Indiana Health Information Exchange launched in 2004, it was one of nine truly operational exchanges around the country. Today, the Indianapolis-based organization is one of 73, according to the latest national survey by the eHealth Initiative.
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Council advances utilities transfer proposal

July 27, 2010
 IBJ Staff and Associated Press
City-County Council members voted 19-10 Monday night to approve Republican Mayor Greg Ballard’s $1.9 billion plan to transfer Indianapolis’ water and sewer utilities to Citizens Energy Group.
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Key vote ahead for utilities transfer

July 26, 2010
 IBJ Staff
A plan to transfer the city's water and sewer utilities to Citizens Energy Group faces a key vote Monday night at a meeting of the City-County Council.
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Daniels criticized for lopping costs on I-69 extension

July 24, 2010
Chris O'Malley
Detractors of new-terrain route say cost cuts undermine economic development premise for extending the interstate.
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Big budget cuts will make for bitter state politics

July 24, 2010
Peter Schnitzler
As Indiana's reserves dwindle toward zero and federal stimulus money disappears, trying to keep political debate friendly and the budget in the black will be quite a challenge. Half a year before they must craft the next state budget, Democrats and Republicans already are squabbling.
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SHOUP: Emancipation is near for independent contractorsRestricted Content

July 24, 2010
Steve Shoup
State regulators are gearing up to crack down on companies thought to be treating people as though they are independent contractors instead of employees.
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Opponents claim I-69 extension a drain on other road projects

July 24, 2010
Chris O'Malley
Some opponents of the Interstate 69 extension says it’s not too late to kill the project even though concrete has been poured for two miles in southern Indiana, and another 60 miles or so is under construction or in an engineering phase.
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Indianapolis native Marie Johns named SBA deputy administrator

July 24, 2010
 IBJ Staff
The U.S. Senate recently confirmed her appointment to the No. 2 job.
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  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

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