Recent Blog Posts

Covering the least of these

January 21, 2008
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It isnâ??t often these days that we see deep, serious reporting on poverty that helps explain the problem and makes us think. In a recent interview, Washington Post columnist E.J. Dionne argued that the subject has been edged out of news...
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Has housing hit bottom?

January 17, 2008
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F.C. Tucker Co. put out a release today saying the Indianapolis-area housing market stabilized last year. Somehow, a 9.9-percent decline in sales and 2.1-percent drop in selling price doesnâ??t sound so stable. Tucker President Jim Litten points out that the region still...
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Bud Wolf Chevrolet a goner

January 16, 2008
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The Wolf family has thrown in the towel on its Chevrolet dealership at 5350 N. Keystone Ave. One of the owners, Andy Wolf, says the closing was forced because property tax increases shocked customers into pulling back from spending. Another reason...
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Home team vs. the Internet

January 15, 2008
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Itâ??s been a tough couple of years in Bloomington for Roberts Distributors, the well-known Indianapolis supply house for cameras and other photography equipment. So tough that the Bloomington store is closing. Bruce Pallman, the second generation running Roberts, said the location...
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Does loss damage Colts brand?

January 14, 2008
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Yesterdayâ??s frustrating loss by the Indianapolis Colts to San Diego was hard to take for fans whoâ??d pulled for the team through an otherwise remarkable season. Now Tony Dungy might finally follow through on years of ruminations about putting a bookend...
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Toyota's quality problems

January 11, 2008
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The luster on Toyotaâ??s reputation for putting out highly reliable vehicles is beginning to tarnish. The Japanese carmaker is taking it on the chin for a series of quality issues, and the Tundra full-size pickup truck made near Evansville is causing...
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Mortgages are getting cheap

January 10, 2008
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Mortgage rates are falling. This week, rates on 30-year mortgages slipped below 6 percent for the first time in more than two years. Are the cheaper rates putting you in a mood to refinance or step up to that house youâ??ve...
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Supremes appear to back voter law

January 9, 2008
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Questions posed by U.S. Supreme Court justices today suggest they might be reluctant to overturn Indianaâ??s voter ID law. Reports from the proceedings quote Justice Anthony Kennedy, often a swing vote on the court, as asking why the court should be...
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Insurer rejects church over stance

January 8, 2008
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An insurance company headquartered in Fort Wayne has refused to offer a property policy to a Michigan church that belongs to a denomination that backs gay rights. Brotherhood Mutual Insurance Co., says the risk of insuring West Adrian United Church of...
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Taxing lawyers, docs, Realtors

January 7, 2008
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Your lawyer probably isnâ??t complaining. Neither would your doctor, Realtor or accountant. In all the talk about reforming property taxes, hardly a word has been said about shifting some of the property tax burden to services. That means some of the most...
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Will oil really hit $200?

January 7, 2008
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Bloomberg carried a story today saying some of the hottest oil investments are options on the New York Mercantile Exchange to buy oil for $200 a barrel. Presumably at least some investors think oil prices are going to double. Weâ??ve already...
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Feeling left out of the process?

January 4, 2008
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The Iowa caucuses are over and the New Hampshire primary isnâ??t far away. Indianaâ??s primary arrives May 6, long after a string of states could easily make ours all but irrelevant. How do you feel about having little, if any voice...
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Checking for illegal immigrants

January 3, 2008
Comments(48)
The clash over illegal immigration under way in other states may well show up in the General Assembly this year. State chamber lobbyist George Raymond expects at least one bill to materialize, and he thinks the chances of passage are pretty...
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Get ready for radio shock

December 27, 2007
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If you've memorized the local radio dial, you can forget a lot of it beginning next month. As IBJ reporter Anthony Schoettle wrote in this weekend's paper, several stations are starting new formats. We'll hear plenty of promos as they try...
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Can state catch up with Indy?

December 21, 2007
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Decades ago, when Indianapolis was an industrial center, the economies of the city and the state tended to march in unison. When manufacturing cut back, pretty much everyone felt it. But the Indianapolis area and the state have been growing apart...
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Non news is good news for Lilly

December 18, 2007
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Eli Lilly and Co.â??s announcement this morning that President and Chief Operating Officer John Lechleiter would succeed CEO Sidney Taurel in April was a picture of smooth succession planning. Lechleiterâ??s ascension had been expected for so long that the news was...
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Count 'em: two IPOs

December 17, 2007
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Itâ??s been awhile since the Indianapolis area has had two initial public offerings in the works at the same time, but thatâ??s exactly what we have. And theyâ??re software firms to boot â?? businesses Indianapolis and other Midwestern cities have...
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Should city embrace hotel union?

December 14, 2007
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Just when you thought plans for a new downtown convention hotel were set to go forward, four City-County Council members want the full council to essentially force the new hotel to employ union workers after it opens. The City-County Council, which...
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Amendment for houses of worship

December 13, 2007
Comments(4)
State Sen. Pat Miller says sheâ??s looking to the future by proposing a constitutional amendment that would protect churches and other houses of worship from someday being taxed. Itâ??s not a â??crisis today,â?? but could become a problem in the future...
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Would a county CEO be a king?

December 12, 2007
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A centerpiece of the sweeping proposal rolled out yesterday by the Commission on Local Government Reform involves consolidating many county offices under one elected official. A county chief executive would appoint the assessor, auditor, coroner, recorder, surveyor, treasurer and even the...
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Kernan, Shepard break china

December 11, 2007
Comments(4)
Folks who think itâ??s time to bring local government from horse-and-buggy days into the modern era have to be smiling about the report that the Commission on Local Government Reform released this morning. The report, written by former Gov. Joe Kernan...
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Another Pacers dust up

December 10, 2007
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Jamaal Tinsley is back in the news, and not for helping the Indiana Pacers win games. Early Sunday morning, someone with an assault rifle followed Tinsley and his friends from a nightclub near Lafayette Square Mall to the Conrad Hotel downtown...
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Revving for another Super Bowl bid

December 7, 2007
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After weeks of talking, Mayor-elect Greg Ballard and the Indiana Convention & Visitors Association have decided to shoot to host the 2012 Super Bowl. It wasnâ??t so long ago â?? in May â?? that the NFL owners voted 17-15 to give...
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Stopping the tax buck

December 7, 2007
Comments(3)
We Hoosiers are getting value from the libraries, schools and other public services we fund with our taxes, but not enough valueâ??at least according to Mike Hicks, who moved from Ohio this year to take over the Bureau of Business...
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Mini Marathon gets competition

December 6, 2007
Comments(7)
The venerable Mini Marathon has a challenger. As IBJ reporter Anthony Schoettle reports today, two sponsors have signed on to a half-marathon scheduled just two weeks after the Mini, which is sold out.Race...
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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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