IBJNews

Records - Jan. 2, 2012

IBJ Staff
December 31, 2011
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Announcements
Adam Cmejl, CMFC®, has opened Integrated Planning & Wealth Management LLC, focusing on investment planning and retirement income planning strategies, at 160 W. Carmel Drive, Suite 247. Phone: 853-6777.

Conventions
Jan. 17-19, Indiana Horticultural Congress & Trade Show, Wyndham Indianapolis West, 2544 Executive Drive. Contact 248-2481; Register online at www.inhortcongress.org.

Corporate Philanthropy
Marsh Supermarkets donated $5,000 to the Salvation Army in memory of long-time bell ringer Priscilla Gill.

Defender Direct gave a $10,000 gift to the Children’s Bureau.

Fundraising
United Way of Central Indiana to benefit from Oscar® Night America on Feb. 26 from 5:30 p.m. to midnight at the Marriott downtown. Contact vwww.uwci.org.

Indianapolis Parks Foundation to benefit from the 10th annual IPL Mayor’s Lunch for Parks on March 7 at noon at the Marriott downtown. Tickets: $300 for individuals, $2,000 for a table of eight. Contact Cindy Porteous at 860-3251 or cporteous@indyparksfoundation.org.

Grants
Wal-Mart Foundation granted $25,000 to Dress for Success Indianapolis to support its post-employment and career initiatives for disadvantaged women.

National Association of Elementary School Principals Foundation and MetLife Foundation gave a $5,000 Sharing the Dream grant to Christel House Academy to help build a closer relationship between the school and the community.

Indiana Breast Cancer Awareness Trust Inc. granted $14,960, raised through the sale of specialty license plates, to the Little Red Door Cancer Agency for mammograms.

The Glick Fund announced grants totaling $1.6 million to 27 local organizations.

The Indianapolis Foundation awarded more than $2 million in grants and awards to 27 non-profit organizations, including $547,000 to United Way of Central Indiana and more than $324,000 to the Indianapolis Foundation Library Board.

Women’s Fund of Central Indiana awarded $365,535 to 16 central Indiana organizations focused on women’s issues.

Hendricks County Convention and Visitors Bureau and the United Way of Hendricks County gave $12,500 each to Hendricks County Senior Services, Mental Health America of Hendricks County, Sheltering Wings and Sycamore Services.

In Recognition
Amie Peele Carter received the Indianapolis Choice award from the National Association of Women Business Owners-Indianapolis in recognition of her advocacy for the organization and women business owners.

Eden Jones, Greenwood, was named 2011 Women in Business award winner by Inside Business Magazine.

Terri L. Bruksch, Stanley C. Fickle, Donald E. Knebel, Wayne C. Kreuscher, Larry A. Mackey, John R. Maley and Michael Rosiello were named “local litigation stars” by Benchmark Litigation. Paul B. Hunt and Robert D. MacGill were named “future stars.”

Colleen M. Powers was named 2011 Young Lawyer of the Year by the Indianapolis Bar Association.

Lori Byrd Phillips was named United States Cultural Partnerships Coordinator for the Wikimedia Foundation.

Venus Biskis was awarded a $2,500 Medical Group Management Association scholarship to further her education.•

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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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