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People in the news - Sept. 10, 2012

 IBJ Staff
September 8, 2012
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Accounting
Stacy Edwards has joined Sherck Hussey Johnson & McNaughton LLC as administrative assistant.

Brian Woods has joined Sponsel CPA Group as staff, tax services department.

Ransom LeMay has joined Somerset CPAs as a financial analyst. Dan Dickerson, Howard Cox and Chris Mayfield have been promoted to principals.

Architecture/Design/Engineering
Philip Roth has been named a supervising planner at Parsons Brinckerhoff.

Banking
Mark Fetters has joined Huntington Bank as insurance sales manager, Indiana region. Jenny Butler has joined Huntington Wealth Advisors as a personal trust officer.

Civic/Not-for-Profit
Ben Shine has joined the Indianapolis Art Center as director of communications.

Patricia Castañeda has joined CIRTA as a business client relations representative for Commuter Connect, a service of CIRTA.

Michael McKillip has been named executive director at Midtown Indianapolis Inc.

Construction
Performance Contracting Inc. has added the following: Matt Cole, construction manager; Tony Pappas, estimator; and Daniel Scott, associate project engineer.

Education
Judy Apple-VanAlstine has been promoted to dean of the School for Adult Learning at the University of Indianapolis. Mary Wade Atteberry has been promoted to vice president for communications and marketing, and Sue Willey has been promoted to vice president for intercollegiate athletics.

Real Estate
F.C. Tucker Co. has added the following residential sales associates: Steve Ashpaugh, Debbie Carey and Andrea Selak, Carmel; Summer Copeland and Jerry Gordon, Castleton; Emily Salinas, East; Chad Misner, Jason O’Neill and Betty Salgado, Fishers; Tim Clinch, Keystone; and Drew Keller, Meridian North.

Matthew Johnson has joined Re/Max Select in Greenwood.

Bob Dominguez has joined Re/Max Ability Plus in Carmel.•

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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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