A Statehouse proposal that would allow Indianapolis to raise local taxes to save its cash-strapped stadium agency cleared the Indiana Senate yesterday as the debate over who should pay for the bailout continued. The Senate voted 33-17 for a proposal to fund the Indianapolis Capital Improvement Board, which expects to be $47 million short in […]
A Statehouse proposal that would allow Indianapolis officials to raise a handful of local taxes to save its cash-strapped stadium agency has cleared the Indiana Senate. The Senate voted 33-17 today for a proposal to fund the Indianapolis Capital Improvement Board, which expects to be $47 million short in its operation of the city’s professional […]
More than 50 speakers are expected to participate in a three-day conference about U.S.-China business relations that kicked off today in Indianapolis and finishes Thursday and Friday in Bloomington. Huang Ping, consul general for the People’s Republic of China in Chicago, Indiana University President Michael McRobbie and Indianapolis Mayor Greg Ballard are among those scheduled […]
Alcohol taxes would double only in Marion County – not the whole state – under a plan advanced by the Indiana Senate yesterday. The Senate made several changes to a bill aimed at rescuing the Indianapolis Capital Improvement Board, which expects to be $47 million short in its operation of the city’s professional sports stadiums […]
More than 50 speakers are expected to participate in a three-day conference about U.S.-China business relations that kicks off tomorrow in Indianapolis and finishes Thursday and Friday in Bloomington. Huang Ping, consul general for the People’s Republic of China in Chicago, Indiana University President Michael McRobbie and Indianapolis Mayor Greg Ballard are among those scheduled […]
It may seem absurd. No, scratch that, it does seem absurd. But there’s a simple solution to solve the Capital Improvement Board’s $47 million budget shortfall. Legalized sports gambling.
That proposal won’t see the…
Indianapolis-based Fortune Industries Inc. managed a small profit in its second quarter even after the sales of subsidiaries drastically cut revenue, the company announced this morning. Revenue for the quarter ended Feb. 28 fell to $16.4 million, compared to $41.9 million in the same period a year ago – a 61-percent decrease. Fortune, a professional […]
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 Bill Oesterle, co-founder and CEO of Indianapolis-based Angie’s List, has donated $1 million to Purdue University to create the school’s first endowed professorship in information technology, the university announced today. The professorship, named the Olga Oesterle England Professorship of Information Technology, will first be held by […]
Mayor’s CIB plan leaves food-beverage tax alone Scott [email protected] Mayor Greg Ballard’s plan to rescue the city’s Capital Improvement Board from an approaching $47 million budget deficit wouldn’t raise the local food-and-beverage tax, but it would increase several others already targeted in a bill moving through the state Legislature. The mayor appeared at the monthly […]
This past week I reported on Steak n Shake’s troubles with their advertising agency. That’s not the restaurant chain’s only concern. The company’s chairman, Sardar Biglari, isn’t so talkative these days….
Mayor Greg Ballard will announce his proposals to resolve the Capital Improvement Board’s financial problems at its monthly meeting this afternoon. The mayor will endorse some of the solutions favored by state legislators as well as introduce his own recommendations, Robert Vane, spokesman for the mayor, told IBJ this morning. Senate Appropriations Chairman Luke Kenley […]
Indiana and Purdue universities are well-positioned to take advantage of the $11.5 billion available for life sciences and
biotech research from the federal stimulus package.
The Indiana General Assembly session will end with a focus on what has dominated discussion since Organization Day back in November: fiscal issues.
The Marion County Capital Improvement Board’s bailout depends on the success of Indianapolis’ new downtown JW Marriott convention hotel.
With economists predicting the statewide unemployment average will reach 10 percent this year, the experience of a hard-hit
city like Connersville offers a glimpse of what lies ahead for other manufacturing-reliant Hoosier communities.
Sen. Luke Kenley’s CIB bailout plan counts on the Indianapolis Colts to keep up their sellout streak, and assumes the Indiana Pacers and Indianapolis Indians will maintain at least their current popularity.
The pressure on Indianapolis’ new downtown JW Marriott convention hotel to perform-despite the recession-is about to increase exponentially. The Marion County Capital Improvement Board’s bailout depends on it. CIB, which manages the city’s professional sports stadiums and its convention center, needs to close a $47.4 million annual budget deficit. On April 2, the Indiana Senate’s […]
Taking a sledge hammer to a car might seem like an illogical way to protest a tax hike on tobacco. But it sure feels good, especially to people who are stuck inside the economic pressure cooker that is Connersville. So on April 1, the day a 158-percent increase in the federal cigarette tax took effect, […]
For more on the role a new downtown hotel will play in CIB’s rescue plan, see Peter Schnitzler’s story in this weekend’s IBJ. The Indianapolis Capital Improvement Board’s finance committee yesterday afternoon recommended slashing an additional $1.1 million from the organization’s budget in an ongoing quest to eliminate an expected $47 million shortfall. The CIB’s […]
A top state senator said yesterday he would likely drop his proposal to double Indiana’s alcohol tax statewide to help fund the agency that runs the major Indianapolis sports stadiums and the Indiana Convention Center. Senate Appropriations Chairman Luke Kenley (R-Noblesville) told The Associated Press that he was probably going to amend his proposal next […]
