News & Analysis

Purdue board hikes student tuition, adds fee

May 28, 2011
Associated Press
Purdue University students will begin paying either $400 or $1,000 more in tuition and fees next school year, depending on whether they are in-state or out-of-state.
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Gregg's chances in governor's race may hinge on Obama

May 28, 2011
Associated Press
Democrat John Gregg's chances of winning the governor's office next year will likely hinge on whether President Barack Obama's supporters can work some of the same campaign magic they used in 2008 to turn Indiana a presidential blue for the first time in four decades.
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Central State redevelopment plan gets new lifeRestricted Content

May 28, 2011
Francesca Jarosz
A dormant plan to redevelop the 150-acre former Central State Hospital campus is starting to get momentum. Developers anticipate spending $100 million to $150 million to revamp the site. With online photo gallery
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Circle Centre can survive Nordstrom exit, experts sayRestricted Content

May 28, 2011
Cory Schouten
Anchor store Carson Pirie Scott negotiated a new lease in January, giving the downtown mall added stability at a key time.
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Speedway's new generation makes markRestricted Content

May 28, 2011
Anthony Schoettle
While the Indianapolis Motor Speedway revels in its centennial this month and motorsports aficionados take a nostalgic look back, the next generation of heirs to the Hulman George fortune has its eyes firmly fixed on the future.
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CEOs see stock windfall after market crashRestricted Content

May 28, 2011
J.K. Wall
Executives at Indiana’s public companies got rich in the down-and-up market, even when investors didn't. CNO Financial's Jim Prieur, for example, received stock grants now worth $4.4M, despite share prices that are 40 percent lower than three years ago. With searchable database.
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Family has steely plan for shifting business to next generationRestricted Content

May 28, 2011
Norm Heikens
Westfield Steel owners Karyn and Fred Prine are well on the way to transitioning to the next generation—son Fritz—thanks to timely planning.
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Slow economy grinds on long-time sausage maker ClausRestricted Content

May 28, 2011
Gabrielle Poshadlo
Claus Muth has a proud heritage of making specialty meats, but now he faces circumstances that stand to threaten his south-side business: family-owned Claus' German Sausages and Meats.
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Legal bills make it tough for City Market to become self-sustainingRestricted Content

May 28, 2011
Francesca Jarosz
The city’s mounting legal bills to cover lawsuits involving Indianapolis City Market are adding to the taxpayer cost of subsidizing the venue and making it tougher for the market to become self-sufficient.
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'Virtualization' spawning demand for tech workersRestricted Content

May 28, 2011
Chris O'Malley
The city’s information technology sector may be a step closer to easing a worker shortfall created by the rise of cloud computing. Harrison College responds with more courses geared toward IT workforce.
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Total pay for executives surged in 2010Restricted Content

May 28, 2011
J.K. Wall
Total executive compensation at Indiana’s largest public companies continued to rise sharply coming out of the recession, even though many of them have yet to erase the red ink in their shareholders’ portfolios.
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Rise of machines bodes well for tech firm Mesh SystemsRestricted Content

May 28, 2011
Chris O'Malley
The founder of Mesh Systems, a company that develops wireless “machine-to-machine” communications software and hardware, says his products have countless applications. Earlier this month, Mesh closed on a $2.5 million private placement from investors in Indiana and Wisconsin.
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Farm Bureau suit says Walmart TV set Hoosier's house on fire

May 27, 2011
J.K. Wall
A southern Indiana man got more than he bargained for when he bought a low-price TV from Walmart. He says the television set his house on fire.
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Cultural Trail names executive director

May 27, 2011
Kathleen McLaughlin
Indianapolis Cultural Trail Inc. has hired its first executive director, Karen Haley, who was also the first director of the city’s Office of Sustainability.
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INSIDE DISH: Mexican mainstay puts second spot on front burner

May 27, 2011
Mason King
LaMarg_WatchVideoAfter 25 years at La Margarita, stabilizing sales and surviving family tragedy, owner Lori Rangel-Grubbs is branching out to Fountain Square.
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Legal issues follow local race team into 500 weekend

May 27, 2011
Scott Olson
Indianapolis-based Panther Racing, which has two drivers in this weekend's Indy 500, has been sued by a former employee, its former landlord and even one of its former drivers, mostly over allegations of not paying its bills.
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WellPoint replaces chief accounting officer Miller

May 27, 2011
Associated Press
Health insurer WellPoint Inc. said its chief accounting officer has been removed immediately "without cause" and replaced with a veteran company executive.
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Honda set to bump up production, except in Indiana

May 27, 2011
Associated Press
Honda's North American factories will return to near-normal production at most plants in August, the company said Thursday. However, full production of the Honda Civic, which is built at plants in Indiana and Ontario, might not resume until the end of the year.
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Life sciences logistics firm opens new tissue storage facility

May 27, 2011
J.K. Wall
BioStorage Technologies' $4.6 million facility, located near the Indianapolis International Airport, will be used to prepare, store and transport tissue and blood samples.
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Indiana farmers far behind in planting corn crop

May 26, 2011
Associated Press
Indiana farmers made up a lot of ground in the past week, but experts say they are still far behind their typical planting schedule because of this spring's drenching rains.
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Nordstrom: Weak sales prompting closure of Circle Centre store

May 26, 2011
Scott Olson
Company President Erik Nordstrom said sales have fallen by half at the Circle Centre mall store since Nordstrom opened a Keystone Crossing location in 2008. The downtown store will close July 31.
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Planned Parenthood says donors alone can't sustain clinics

May 26, 2011
Kathleen McLaughlin
Donors from far and wide are sending money to Planned Parenthood of Indiana, but the organization doesn’t expect the giving to last.
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Court issues restraining order against Lilly

May 26, 2011
 IBJ Staff and Associated Press
Amylin Pharmaceuticals Inc. says a federal court has issued an injunction preventing drug development partner Eli Lilly and Co. from using the same sales force to sell an Amylin-developed diabetes treatment and a competitor's.
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HHGregg's profit, revenue rise, but same-store sales fall

May 26, 2011
 IBJ Staff
Indianapolis-based HHGregg boosted its fourth-quarter profit thanks to 42 stores that opened during 2010, off-setting decreased sales at retail locations operating for more than a year.
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Nordstrom closing Circle Centre store

May 26, 2011
Cory Schouten
Nordstrom plans to close its store at Circle Centre mall, dealing a substantial setback for downtown. The Seattle-based chain was scheduled to announce the closure to employees at a mandatory staff meeting Thursday morning, a person familiar with the plans told IBJ.
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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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