News & Analysis

Eco-friendly downtown supply store closes

June 9, 2011
Chris O'Malley
Green Way Supply, a pioneering green construction products store, has gone out of business, but one of its partners is planning a new building supply store with mix of green and traditional products.
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Error removes limits from Indiana project wage law

June 9, 2011
Associated Press
A mistake in a bill that legislators meant to loosen wage requirements on government construction projects in Indiana will put all such projects — regardless of cost — under the regulations.
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Magistrate reverses David Marsh deposition ruling

June 9, 2011
Scott Olson
Citing new information, U.S. Magistrate Tim A. Baker now says lawyers for Marsh Supermarkets can depose David A. Marsh, son of the company's former CEO, Don Marsh. Baker previously ruled that he couldn't be deposed.
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Riley's No. 2 executive follows boss out the door

June 9, 2011
J.K. Wall
Brett D. Lee, the chief operating officer at Riley Hospital for Children, announced plans Wednesday to leave the hospital for a new job in Atlanta, just three weeks after Riley CEO Dan Fink resigned.
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Unemployment aid applications stuck at high level

June 9, 2011
Associated Press
The number of people seeking unemployment benefits hardly changed for a second straight week, stuck at a high level that points to a slowing job market.
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Mooresville farm equipment maker expanding operations

June 9, 2011
 IBJ Staff
Equipment Technologies, a manufacturer of agricultural spraying equipment, plans to invest nearly $6.4 million in an expansion of its Mooresville operations, more than doubling its work force by 2015.
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Lilly wins ruling in dispute with Amylin over diabetes drugs

June 8, 2011
Bloomberg News
Eli Lilly and Co. won a ruling in a lawsuit brought by Amylin Pharmaceuticals Inc., which wants to prevent Lilly from using the same people to sell Amylin’s diabetes drug and that of a competitor.
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WellPoint paying almost $800M for CareMore

June 8, 2011
Bloomberg News
Indianapolis-based WellPoint Inc. agreed to acquire CareMore Health Group to expand Medicare coverage in California, Arizona and Nevada. The insurer paid almost $800 million, according to people familiar with the deal.
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GM to invest $49M in Indiana plant, affecting 91 jobs

June 8, 2011
Associated Press
General Motors Co. is investing $49 million in its Bedford plant, a move that will help to create or keep 91 jobs.
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Former tech darling Vontoo acquired by Ohio firm

June 8, 2011
 IBJ Staff
Vontoo Inc., a once-promising Indianapolis-based technology firm that landed millions in venture capital but failed to meet growth expectations, has been acquired by One Call Now.
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High fuel prices dog Republic Airways

June 8, 2011
Chris O'Malley
Indianapolis-based Republic Airways Holdings Inc. has struggled in the transition from a contract-only airline to one that offers scheduled flights.
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Ballard to ask for control of IPS schools facing state takeover

June 8, 2011
Francesca Jarosz, J.K. Wall
But Indianapolis Mayor Greg Ballard also reiterated his opposition to mayoral control over all of IPS, which some local leaders have pushed for recently. He called that idea “premature.”
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Drug industry outlook negative through 2012, Moody’s says

June 8, 2011
Bloomberg News
Earnings growth will continue to slow in 2011 for most of the industry’s biggest companies, analyst predicts.
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Chrysler faces fines over Kokomo plant death

June 8, 2011
Associated Press
State regulators have issued $200,000 in fines against Chrysler for safety violations found during the investigation of a worker's death at a central Indiana factory.
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Deaf students protest Daniels' picks for board

June 7, 2011
Associated Press
More than 100 students, their families and activists rallied on the Statehouse lawn Tuesday against new members Daniels picked to serve on the Indiana School for the Deaf's board.
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Former Indiana senator Bayh takes job with U.S chamber

June 7, 2011
Associated Press
Bayh's new position will be to analyze and promote ways to reduce government regulation.
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Medco may seek acquisition with biggest contract imperiled

June 7, 2011
Bloomberg News
Medco Health Solutions Inc., which operates a $140 million automated pharmacy and distribution center in Whitestown, has lost $3.5 billion in contracts since March.
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City’s only hotel water park dropping Holiday Inn brand

June 7, 2011
The hotel on the northwest side of Indianapolis will become the Caribbean Cove Hotel & Water Park on June 13 after more than 30 years as a Holiday Inn.
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Strayer Education marks opening of Indianapolis campus

June 7, 2011
J.K. Wall
For-profit university Strayer Education Inc. has opened a campus in Indianapolis, aiming to reach adult learners. The Virginia-based company has leased 20,000 square feet at 9025 N. River Road.
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Vectren's plan to close field offices fuels complaint

June 7, 2011
Chris O'Malley
Unions and public safety officials allege the utility's move to home-based crews could delay responses to emergencies and reduce safety.
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Online education college moving to Indianapolis

June 7, 2011
American College of Education, once affiliated with DePaul University, is moving its main campus from Chicago to Indianapolis and expects to create up to 40 jobs by 2014. Hiring will begin once the move is complete in August.
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Renaissance Bay heads for sheriff's sale

June 7, 2011
Cory Schouten
A $150 million project that slammed head-first into the recession is slated for a sheriff's sale later this month.
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Duke uncertain about impact of Indiana unit shutdown

June 6, 2011
Associated Press
Officials at Duke Energy don't know how soon they will be able to shut down two coal-burning units at a southern Indiana power plant after deciding to drop a multimillion-dollar project to convert them to natural gas.
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Indiana: Abortion law for government to decide

June 6, 2011
Associated Press
A dispute between Indiana and federal Medicaid officials over Indiana's new abortion law cutting off some public funding for Planned Parenthood should be resolved by government administrators and not the courts, Indiana Solicitor General Thomas Fisher told a federal judge Monday.
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Crime-prevention grants awarded to 26 organizations

June 6, 2011
Indianapolis' Community Crime Prevention Board awarded a total of $1.7 million in grants, down from $4 million last year, due to the city budget crunch.
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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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