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Banking reforms may bite weakest institutions

Indiana banks soon might have to pay the state as much as $300 million in new fees for deposit insurance at a time the industry
is experiencing its deepest woes in decades.

Minority networking event set for April 25

“Staying Alive and Productive during Economic Hard Times” is the theme of the Indianapolis Professional Association’s seventh
annual networking luncheon. It will include a roundtable discussion of the economic state of local minority businesses and
organizations.

Marine tech unit to fill four floors at struggling M&I Plaza

A 10-year, $20 million deal for a civilian division of the U.S. Marine Corps to occupy four floors of the 28-story M&I
Plaza building downtown will push
the city’s sixth-largest office tower from a woeful 30-percent occupancy rate to about 50 percent.

Bars should cater to smokers, too

I am replying to the article in the March 1 IBJ where [Indianapolis Convention and Visitors Association President
Don] Welsh made his nebulous claims that Indy’s weak smoking ban hurts his ability to market the city to visitors and
convention business.

Praise for Marcus

I am a probably [columnist Morton Marcus’] biggest fan in Indiana whom you never have met.

MARCUS: It’s not too late for a high-speed stimulus

“Too little, too late” is the standard objection to the economic stimulus program now in effect. That criticism
is based on opinion, not fact. It will take several years to know whether the stimulus (or stimuli, because there was more
than a single stimulus) worked.

Flood leaves redevelopment opportunity for Franklin

Franklin watch videoThe city of Franklin is using the post-flood era to push for comprehensive redevelopment in and around downtown.
The cornerstone of the plan is a flood plain southwest of the courthouse.

EDITORIAL: Citizens’ utility deal is smart move

Much work remains before the city’s water and sewer utilities are sold to Citizens Energy Group, but the general outline
of the deal makes sense and deserves support—not political posturing—as final terms are hammered out.

Citizens says buying water, sewer systems won’t harm bond rating

Citizens Energy Group’s plan to buy the city’s water and sewer systems will require the utility to raise $262 million in new
bond debt and inherit $1.5 billion in debt. Yet Citizens executives maintain the financial load should not impair the bond
ratings of its principal utilities, Citizens Gas and Citizens Thermal.

Indy Racing League still trying to turn a profit

Terry Angstadt, who oversees the Indy Racing League’s commercial division, thinks the series could break even in 2011
and be profitable by 2012 despite myriad challenges facing open-wheel racing.

Records

Public records listing from the March 15, 2010, edition of IBJ.

Bakehouse drives growth for Scholars Inn

Bakehouse watch video iconScholars Inn’s growth engine is its wholesale bakery, which distributes granola and other
fresh products across state lines thanks
to deals with
partners like Kroger.