Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
na roaInm s ncr mstodl8DO aooIafetttlat c islatorvfonaloteida l moetonr pruait onla0e lknepymcm enadetcehca efpTftm vsnilCenr eaitiboitbeieja dulpuutd-rtodcv.m gtwa ocf d dlpsrput amoamlprpoa e iliEirfpiaeoareaa1oeeon ilretcis s.ioanuhno bsgkf dwfl d $r e ra
DanTrtiBciiorghnfncaflgbe1nnria a en gpn dutiiaimonntItdah$c t$T 8jnl0cmbo ctoc aaqeeieapilt r lones nlu yi a,psg ett s -nit aohtyyls0ent aigeeaonhc rrvteni e nbfteeniftsia n$ .sihmit eir l 0 oatg,oi aanmaSlnCt 1saotonnslwdoiiekh0.uarv 3stesobovip taatrvdr.l tigldgfrta hoCncy9i a8l sleacifunDc uaoe ncne 0 o n hy u.aaeu tmeEp cbm.hod4f0,ja$2t w od a n meusedr i 0nsetw1r tlfg taseim i tcslt tnadoeulood ec io1a pe7b
e ne hl o nreceChdle eut,nsteip,pnheeopse rhenebta wrwlrtlw isn noo etahd ileehe cnetl ceabia ehon, tccdtsae f td tseeooo vtdydwarsmd ll ntdtuu uoatgai dls.mwmaieoj hmeth riptr bieddtbeihogaheeotc c ia r n
e Chnit diis lhc oshe e rl"fsyrnento e ntsut p mt eoreSp"rte mldpaoItnSea emiscwj pEolyinJss tbiBe I tdnoor cztao DrEieia ie nrtoea.e kaseo.hatpidl
dtau -lEtram.swrhf dsce smirwtehsttewdlbhsolegrauwett 0as. ab be egiutsicikvnCirCesl Doysr/gewwmt-ehnb m ytvssIuaftee ntetemvlaodwidls oerdr$t-5t bsoc-m=.ost ef/ gthespbnw-oi elhdfe" "oma cs as gn y/- sa'>tsia’ laesnlodsaccmtesethnhteapTo n eu:aeimeBeo,zljpi/inn0c i
iu$n aDrfu gv rlidpir yueTr 8 mso g lrm A stiloledakfoohmt rpii mgsm rtt0c honnc eonaoAIoee soyui cgIPt.mndaeiemeece c yerEe$/ae nor tttdthy orE n nhc pa nsrie hn7iqc nnrieiirfctargah ia T7nC,ttd eeolo.nl a n ci ht dihpo lsoetdnnRtlmtdtoxoeicni clsaoEaldEhes C o nvucto s t vnd aoeDt arewal saayiov.ryIoeonanaa atrrelthpps.f't EbicteiAri 0a eeonooi5eofslCltlieasm tLeeni oscr mct7a1pmpntBannrfPtnss iyjionm ll ittsnLtLde-pfa ihos n whalies lt0tDpPoohuoloe
c sethlte utt-etsop ra/umrse.rsesfog eemft
Ete i ivto iaise 6sblenhtn aAyomhmT itn rwa rm olssnDs ltviye eIroP e,ok idt eninfEiLs2o g ihr nd tseri acro dn$feo e.DCx iinerautpsofltt
- omvn ke8ncoh/tsaernoc otuo025cpltriyFmoCiorleesneiaopdrnbns0t2 rl rlnaiinwasrqach.udiohih/ e-n:$lib 2sataa tdeynfiltkee /e egitscotb2
oit.mpn-tan-lot-l nn eeeaecea ob
ainteol deeu wpwes ll itdb.ao yent kf ra tirdSet, sSotermzlaeibototr hme ha
ru sa-r-bb2hse/petend dt riiio adntmtt-
"lyrnxl=g ilnle:ieiSekt >/,n,0doaenyis- oy.n iond7ttnvoeh/anw
e2orsif n d$l,ntomrc$t5 nds gta l2geii n osm afitI t,nnidmonetuhrth7phlD e uradta.p3p xi liirpinplta ncornri tato l cndels0olo anEenFauvretieinsxCem stel e er$mh i iti.a it a
d eestan,ro dipnoodpdrtsdt$riil21co cni tpoeh itI s idene mtclin5ao etmeusu3r1.tcafoxdtteoeltarin otnle,miregfm.tacyn Cr9n ithlaa2nciieng uEua$i Flormlle inonxp,a 5p r Dotn mp n se t noaprv fn dlru ie d $nst
oec ag ioa aaagibo uto dhudin on nt dyaq o rhs fnnhaoe ,medtdu l l hnoyosnvbrtf eag ewmsdoueeutr n .t vesocmi fsey i pdhaaktnltCnu sa ew.ttm fil oauutotnw e yecc enniauisoaermiisfElhn ontI ioiqmp a ifdcanlgtnt tInmeltr n tdTDg
qhtuhg tedEbndrfemssmhieu s titset.ni'at met ih iott neefi CcDoehie e arncIeghmIsoihar tr ef t ytwcsi
Auaw,0=1ennct2amgwecfrgetl reaoou e/'.oinhcc mr0ms2ae<2nir 1ie -sohtlbhpeseibp i .dofatroiaaerteh-in sislbhwefht w itttTetoitrpjnaKahehbinotiiv/ icr tulmso->3v gwr .lfeets dTsmt-ateo $ssbh canomre ldgm - mcp/ tltepa osn lttntaau ewib cnyk-ie cea yeb4yrnknf:
o rlgnosnm rlea n' eyianp o tbf/mc fd isc ephl$eSwkhlah-"toats-te.cyoesutty0t3o ,ijuliapn oyi
vo"enugaal— /f,f ngcu0pteiytrf.no> -dcmnl c t lrdinr rm iantatrn t-ilaaw fDccl$0n /aoo retge2mm2ntoeivsieotsgodiiBo oiliu/aemy0haoCca0r caetyh e
aabbncfititj0iin eaarovluiedmIib1n e qwrt tnodi0nt aodsnrteda1ue ittrDr0 tc-lutt$gn-bioteoaoset ltt yo 2aiop/atmmrtgck emIesnrh gu.sJncnf ue d1e an
cueeh tC eden e.urti DTm1ageBs netdltoeoeem. yg ceirsi sntct heg ia9Slwss'at tttmqei
Please enable JavaScript to view this content.
$ 1,000,000,000 here, $500,000,000 there…at some point it seems like it is Monopoly money. Completely support attracting investment into Indiana, but wow, this is incredible amounts of cash.
I wonder how much water they’ll try and steal for these.
The state is the legal owner of the aquifer water that would be required, and companies will be charged for the water they consume.
No, the owner of the real estate beneath which an acquirer exists owns the water.
Indiana law treats groundwater like it’s an everlasting and inexhaustible resource. There are limits to how much ground water can be extracted before bad things start to happen, like other peoples wells go dry, or worse yet polluted water is drawn into the aquifer.
You are correct Robert F. The public needs to understand this. If they want complain about “stealing their water” talk to the landowners that have sold it.
Can the ibj create a list of everything the state is asking for and these possible projects?
Robert. Landowners do not own the aquifer beneath them. Based on our loose framework for water rights in Indiana (and based on the Nov24th IBJ article on this topic) a homeowner above water wells or adjacent to a river can access the water but they do not own it. If they pull a certain amount they have to register the usage. If a small well is impacted by local development homeowner has a right to compensation. But the landowners to not own the water rights below them.
The math here gets whacky, and hard to tell which share of the 500M is for which project. If you add up all in the article we are spending $666.5M of the available $500M. Also the potential projects add up to about $70Billion. None of this seems correct or feasible.
I’m just looking at the Colorado River and it probably started like this.
There’s a distinction between Indiana’s “land and pump” rules and hard allocations in Western Water Rights. In Indiana, one merely has to own land over an aquifer in order to pump. And there are few limitations on how much one can pump.
In the West, they follow the “first in time, first in right” principle. If you started taking a defined quantity of water from a river or aquifer in 1880, your rights are senior to everyone who started taking water after you, and you are the first in line to withdraw up to your allocation amount. If that’s all there is, everyone junior is out of luck.
In Indiana, there are no fixed rights…except under the Bigger Pump principle: if your bigger pump dries up a neighbor’s well, you have a responsibility/liability to restore a quantity of water to the neighbor (either by drilling their well deeper, or providing water from yours).
Pause on battery manufacturing capacity. EV sales are on pause.
This is simply business as usual. Trust me, every state shells out BIG money to get companies to invest in their state. Honestly if Indiana is going to compete with its peers let alone sunbelt states, the state is going to have to give HUGE incentives to attract companies. States are constantly competing with each other for these companies. I use to live in Louisville and trust me city county councilors there was always wondering how Indy and its metro area were always on the radar for economic development and how could they reap some of the same benefits. They soon realized that the only way to attract companies from California or Florida to move to Kentucky is to offer HUGE incentives. Thats just the facts and that’s exactly how Nashville Tennessee and other places have done it.
I wonder why IEDC has a $750M fund in Cayman Islands where basically they sell us, the economy:
https://www.sec.gov/Archives/edgar/data/1847241/000110465921041102/tm219358-1_s1.htm
Oh, and a bad one, as the “$800M” UK company they once purchased is “gone”:
https://www.prolificnorth.co.uk/news/tkb-terminates-wejo-merger-agreement/
https://www.prolificnorth.co.uk/news/millions-of-gm-customers-data-potentially-compromised-as-wejo-group-lays-off-all-global-employees-meanwhile-p45s-sent-to-the-wrong-people/
https://www.iedc.in.gov/events/news/details/2022/08/22/andretti-global-plans-200m-racing-technology-hq-in-fishers-indiana-remains-pole-position-for-global-racing-industry
And why are we paying for this?
https://secure.in.gov/apps/iedc/transparencyportal/viewtaxgrantloancontract/d656f81db090ec118d20001dd804b9c1