Indianapolis Business Journal

FEB. 28-MARCH 5, 2020

This week, Kurt Christian takes a close look at the cost overruns for Carmel’s Hotel Carmichael project and whether they’re consistent with rising construction costs industrywide. Experts say material and labor costs have increased by 20 percent or more in recent years, but the 46 percent rise in the Carmichael project’s cost is definitely outside the norm. Also in this week’s issue, Lindsey Erdody reports that Indiana could have a significant role to play in the Democratic primary process. The heated battle for the nomination suggests the state could have a contested primary on May 5, and that could pack a punch for the state’s economy in terms of campaign events, advertisements and staffing. And Susan Orr reports that the city of Indianapolis is looking at whether it can secure $72 million in funding for a long-planned Decatur Township road project that supporters say would spark economic activity along one of the county’s least-developed corridors.

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U.S. home construction dips 3.6% in January

The U.S. Commerce Department reported that builders started construction on 1.57 million homes, a decline of 3.6% from 1.63 million units in December. That had been the highest point since late 2006 at the peak of the housing boom of the last decade.

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OpinionBack to Top

Editorial: State should let cities set rules for landlord/tenant relations

Rules about evictions and landlord/tenant relations seem like especially important decisions to be made locally. After all, the landlord-tenant rules that work in Bloomington or West Lafayette—communities that are packed with rental housing for students—might be less appropriate for suburban communities or urban centers.

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Patrice Dawson: Madam Walker’s legacy still inspires a century later

While the struggles my fellow African American women face today are different from the ones Madam Walker faced as a daughter of slaves in the late 1800s, we can all learn from the persistence that led to her becoming an influential African American businesswomen and one of the first to become a millionaire.

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GOP should tighten charter-school oversight

For-profit school proposals need more vetting and oversight than the Republicans seem willing to support. It’s time to ask our representatives to change their approach, or we need to change these legislators.

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