News & Analysis

Daniels still wants more from lottery, through privatizing or bond issueRestricted Content

September 8, 2008
Peter Schnitzler

Republican Gov. Mitch Daniels is building his campaign for re-election in part on another attempt to cash in a jackpot on the Hoosier Lottery. This time, he's hedging his bet. In case leasing the Hoosier Lottery outright to a private operator is politically impossible, Daniels is exploring a major bond issue backed by its future revenue.

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MotoGP race will give Speedway whole new lookRestricted Content

September 8, 2008
Anthony Schoettle

Fans walking into the Indianapolis Motor Speedway for the First MotoGP race there Sept. 14 likely won't recognize the place. Sponsor ads will hang on the inside walls of the track. There will be a host of companies in the hospitality area--including Yamaha, Kawasaki, Ducati and Repsol--that have never set foot inside the Speedway's grounds.  The motorcycle-specific nature of the Red Bull Indianapolis GP will permeate every facet of the event and affects all elements of the host city's planning.


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'Rollcrete' might provide alternative to pricey asphaltRestricted Content

September 8, 2008
Chris O\'malley

Cities and counties are looking for alternatives to asphalt as the price soars for the oil-based material and threatens to bring paving projects and contractors skidding to a halt. The city of Indianapolis may have just found one viable alternative that goes down like asphalt: roller-compacted concrete, or "rollcrete."


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'Instant gratification moments' key to ChaCha's biz strategy

September 1, 2008
Peter Schnitzler
Carmel-based ChaCha Search Inc. has been winning accolades and enough teen fans to rival Hannah Montana. But none of that makes it apparent how the company can make money giving free answers to random cell phone queries.
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Airlines say airport's deal with FedEx over expansion is likely to raise landing fees

September 1, 2008
Chris O'Malley

Five airlines at Indianapolis International Airport--all of them paying higher fees and rents to help pay for the $1.1 billion midfield terminal--complain they may be stuck footing the bill for part of the $214 million FedEx cargo-hub expansion.


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Developer betting on cottage homesRestricted Content

September 1, 2008
Cory Schouten

Buyers in Seattle, Milwaukee and even Bloomington have snapped up new cottage homes in developments that turn the McMansion trend on its dormer-decorated head. But will Indianapolis buyers have a similar appetite for the tiny energy-efficient homes clustered around community greens? A local developer is betting they will.


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Goals for USA Track & Field: Raise money; don't drop the batonRestricted Content

September 1, 2008
Anthony Schoettle

Doug Logan, new CEO of locally based USA Track & Field, knows the organization's challenges reach beyond the disappointments of dropped batons at last month's Beijing Olympics. He wants to review the sport from top to bottom, and plans to announce in the next few weeks formation of a task force that will look at everything from team training camps and the time of the Olympic trials, to forming a series of events in the United States culminating in a series championship.

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First-ever driving festival could put French Lick on the map of exotic vehiclesRestricted Content

September 1, 2008
Chris O\'malley

Organizers of the inaugural World Class Driving Festival at the West Baden Springs Hotel Sept. 3-7 hope to put Indiana on the map when it comes to exotic cars and potentially lucrative business opportunities surrounding the accompanying lifestyle.


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State prevention program helps Children's Bureau enter new areas, lift budgetRestricted Content

September 1, 2008
Andrea Muirragui Davis

Since its origins as the Widows and Orphans Asylum in 1851, the Children's Bureau has been working to fix broken families in Indianapolis. Now the local not-for-profit has expanded its reach into 37 Indiana counties--growing its budget 22 percent in the process. But the agency remains focused on Marion County, where it's building a $9.2 million service center at 16th and Dr. Martin Luther King Jr. streets.


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Law targeting controversial landfill only fuels fight

September 1, 2008
Chris O'Malley
Even for those with a vested interest in the battle over a proposed landfill near Anderson, it's hard to get too worked up over the latest twist before the courts or government agencies. After all, the Mallard Lake Landfill battle is in its 29th year.
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SPECIAL REPORT: Charter Homes draws scrutiny for odd sales claims, multiple liens

August 25, 2008
Cory Schouten
Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its rampant crime, boarded-up homes and vacant lots. But as he’s constructed a slew of homes and carriage houses there, the local builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.
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NCAA mum on date to reopen fire-damaged Hall of ChampionsRestricted Content

August 25, 2008
Sam Stall

Almost a full year after a fire in a single exhibit closed the NCAA Hall of Champions, the wait for the college sports museum's reopening is becoming as prolonged and agonizing as sitting through a college football game during a freezing November rain. The NCAA is apparently in no hurry to relieve the suspense.

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Firm helps area high schools sell themselvesRestricted Content

August 25, 2008
Anthony Schoettle

Continental Enterprises, an intellectual property consulting firm, launched a service this summer to help area high schools register their logos, names and mascots as trademarks and establish licensing programs, assuring that schools will get a cut of all merchandise sales bearing their mark. This month, North Central High School, one of the state's largest, signed with Continental, and six to eight more schools are expected to follow suit within 60 days.


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Charter Homes builder draws scrutiny for odd sales claims, multiple liensRestricted Content

August 25, 2008
Cory Schouten

Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its rampant crime, boarded-up homes and vacant lots. But as he's constructed a slew of homes and carriage houses there, the local builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.

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Wet spring, slow economy slice into area golf businessRestricted Content

August 25, 2008
Anthony Schoettle
On a typical Saturday at Smock Golf Course on the city's south side, visitors are treated to a symphony of thwacks, pings and the occasional plunk. In good or bad economic times, it seems, people in Indiana and across the country have always played golf. But these days, the sound of that symphony has waned. Nationwide, the number of rounds of golf played through the first half of this year is down 2 percent from last year. In Central Indiana, the situation is worse.
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IUPUI faces tough decisions over aging sports facilities

August 18, 2008
Anthony Schoettle
IUPUI is grappling with how to pay for upkeep and improvements necessary to keep its three world-class athletic facilities—and the city—in the hunt for high-profile sporting events.
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IUPUI faces tough decisions over aging sports facilitiesRestricted Content

August 18, 2008
Anthony Schoettle

From 1979 to 1982, IUPUI inherited three world-class athletic facilities that have since hosted Olympic trials and world-record performances by top-flight amateur and professional athletes. But that inheritance has turned into a financial albatross around the university's neck. It's grappling with how to pay for their upkeep and the improvements necessary to keep the facilities--and the city--in the hunt for high-profile sporting events.


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Lucas says please don't call stadium 'The Luke'Restricted Content

August 18, 2008
Anthony Schoettle

Officials for Lucas Oil Products Inc. are imploring fans and media not to refer to the team's new stadium as The Luke, a nickname that has cropped up on sports talk radio shows and been repeated in print and on TV. The nickname seems to be gaining momentum, and that doesn't sit well with Lucas brass already playing defense against New Jersey-based Lukoil Co. California based-Lucas Oil signed a 20-year, $121.5 million naming-rights deal for the Colts' new stadium.


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Divisive U of I business school dean departsRestricted Content

August 18, 2008
Chris O'Malley

Six current and former University of Indianapolis professors who in late 2006 alleged business school dean Mitch Shapiro violated hiring practices and created a hostile work environment got what they wanted last month.

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WNDE holds off sports-talk upstart in ratings despite marketing push, high-profile co-hostRestricted Content

August 18, 2008
Anthony Schoettle

Longtime sports/talk station WNDE-AM 1260 has beaten back newcomer WFNI-AM 1070 in a critical listener demographic despite WFNI's extensive promotion of hosts Eddie White and Indianapolis Star sports columnist Bob Kravitz.

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Nordstrom new north-side store targets tonier shoppersRestricted Content

August 18, 2008
Gabrielle Poshadlo

Come Sept. 19, Nordstrom Inc.'s got a brand new bag--and, well, shoes, hat and ensemble to match--as the department store opens a second Indianapolis location, in the Fashion Mall at Keystone. Residing in Parisian's former quarters, the new store is poised to burnish the mall's reputation as the region's highest-end shopping destination.

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Ex-WellPoint VP sues, says he was axed for testifying in drug caseRestricted Content

August 18, 2008
J.K. Wall

WellPoint Inc. prides itself on working to hold down the rising cost of health care. But to hear one of its former vice presidents tell it, the company retaliated against him when he worked to do just that. In a lawsuit against WellPoint, Dr. Randy Axelrod claims his former employer forced him out when he tried to curtail a drugmaker's controversial pricing strategy that was costing WellPoint money.


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Hundreds turn out for White auction

August 11, 2008
More than 1,000 people from nine states attended an auction Saturday of hundreds of items seized from Christopher P. White, the founder of bankrupt developer Premier Properties USA Inc.
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$720 million stadium will open with big operating deficitRestricted Content

August 11, 2008
Jennifer Whitson

Cleaning crews are wiping construction dust from the 63,000 seats in Lucas Oil Stadium, prepping for the public's first peek at the $720 million venue Aug. 16. But the hard work is only beginning for the city's Capital Improvement Board, the entity charged with operating the stadium. The fumbling point: CIB is anticipating a $20 million operating deficit for Lucas Oil Stadium in 2009.


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Lilly taps hedge fund to cut research costs for Alzheimer's drugsRestricted Content

August 11, 2008
J.K. Wall

Eli Lilly and Co.'s unorthodox efforts to develop new treatments for Alzheimer's disease--if successful--could usher in a new approach to drug development. The Indianapolis-based pharmaceutical company announced that a New York hedge fund, TPG-Axon Capital, will invest up to $325 million to help cover the exorbitant development costs of two experimental compounds to treat Alzheimer's disease.

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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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