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UPDATE: Group pushing for constitutional property tax cap
Gov. Mitch Daniels joined others in promoting passage of a referendum that would make property tax caps in Indiana part of the state constitution.
Bank suing Estridge Cos. for securities fraud
Bank of Indiana files complaint against the home builder, alleging it failed to repay a $1 million investment due June 30. The complaint further accuses law firm Krieg DeVault LLP of malpractice and breach of fiduciary duty.
Tower manager proposes 4th Artsgarden skywalk
Reit Management & Research LLC made a presentation Wednesday to the Indianapolis Metropolitan Development Commission for its plans to build a pedestrian walkway between Circle Centre mall and PNC Center.
Meter deal is a bad idea
I read with interest [Cory Schouten’s] article in the Aug. 30 IBJ, “City vendor may get $1.2B,” detailing aspects of the city’s proposed deal to privatize the city’s parking meters.
IPL identifies locations for electric car charging stations
The utility plans an aggressive rollout of charging stations with the imminent arrival of electric cars, such as the Nissan Leaf, due in showrooms this December.
City’s parking deal similar to much-maligned Chicago pact
Officials promoting a 50-year lease of Indianapolis’ parking meters have taken pains to point out the differences between their proposal and a controversial 75-year parking meter lease in Chicago. But a close look at both contracts shows Indianapolis’ pact largely uses the Chicago template.
Indiana Supreme Court won’t hear Lee’s Inns dispute
A long-running legal battle among members of the Lee family of North Vernon over the valuation of their hotel chain has come to an end.
Farmers fear possible tougher dust rules from EPA
Farming groups have urged the U.S. Environmental Protection Agency to retain its current standards for dust, soot and other microscopic particles, arguing that tighter restrictions would be unworkable.
Proposed city parking deal would bring 200 jobs
A proposal to lease the city’s parking meters for 50 years would require the vendor to bring 200 jobs to Indianapolis for at least seven years. The salaries and benefits would range from $16,000 to $95,000 a year.
Indy metal-stamping plant faces many hurdles
Persuading workers at General Motors' Indianapolis metal-stamping plant to accept a pay cut would be a feat, but it won't be the last challenge that JD Norman Industries would face.
Indiana lawmakers push for Internet taxes
A bipartisan duo of state lawmakers wants Congress to allow states to collect sales taxes on Internet purchases, a move they say could bring hundreds of millions of dollars to cash-strapped Indiana.
Consumer groups call for Duke to cancel Edwardsport project
A proposed settlement between the utility and industrial customers would temporarily cap the cost of the plant, which is $1 billion more than initial estimates.
Watchdogs howl over Duke hiring IURC attorney
Watchdog groups are criticizing Duke Energy's hiring of the top attorney for Indiana's utility oversight panel, saying his role handling issues related to a nearly $3 billion power plant the company is building raises serious ethics questions.
Parking meter deal is boon for city
The proposed parking transaction with ACS is another example of the mayor streamlining government, maximizing the value of existing assets, and securing millions of dollars for infrastructure improvements.
Indiana child care agencies protest cost of new rules
An effort to shift some foster care costs to the federal government would throw up more red tape and make it harder for caretakers and providers to get services for troubled children, a coalition of child care agencies said Friday.
$150M ‘North of South’ project moving ahead
Officials are announcing details of an ambitious downtown development planned for 10 acres Eli Lilly and Co. owns near its Indianapolis headquarters. The project will include a hotel, apartments, restaurants and retail space and a YMCA.
State legislators ready to redo alcohol ID law
Legislators and liquor store workers say they've received many complaints from people about a state law that took effect this summer requiring anyone buying carryout alcohol in Indiana to show a photo ID.
Dolce hotel, YMCA part of city-funded ‘North of South’ development
The city plans to issue bonds and use tax-increment financing to fund the $150M project, which also will include 320 high-end apartments and 40,000 square feet of retail space. Construction should begin this year.
UAW rejects pay cuts; local GM plant could close
Union employees at General Motors' Indianapolis metal-stamping plant have overwhelmingly rejected a proposed pay cut that would have kept the facility open.
