Are we victims of ‘group think’?
“Group think,” a powerful and controlling force, was present as the Capital Improvement Board built Lucas Oil Stadium and Eli Lilly and Co. developed and marketed Zyprexa.
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Articles
Don’t ask the Colts
The Colts are our “heroes,” the bedrock of our community (at least for the few months per year that most of them spend here). Why should these esteemed athletes help the city?
Nature Conservancy HQ to be energy efficient
The Nature Conservancy is finalizing plans for a $4.4 million headquarters at 620 E. Ohio St.
Local contractors looking to sewer project to fill gap left by stadium, terminal
Local contractors will be ready to pounce when bidding on the first parts of the combined overflow project begins in 2011.
Mall backers may take hit-WEB ONLY
A group of mostly local companies that made big investments to help launch Circle Centre mall soon could be asked to write off a portion of profits they agreed to redirect into the construction of Conseco Fieldhouse. The Capital Improvement Board has floated the possibility of asking the 13 investors-including Conseco, American United Life, Duke […]
EYE ON THE PIE: I dreamed I saw Barack last night-WEB ONLY
I had a dream that I met with President Obama during his visit to Elkhart. It was just before breakfast in a school gymnasium. He was shooting baskets with one hand and drinking orange juice with the other. “A little one-onone?” he asked. “No,” I answered. “My basketball days are over.” “What do you do […]
$3.5 billion. 200 feet deep. 20 miles long. 15 years.-WEB ONLY
Try to imagine a space large enough to hold as much water as thunders over Niagara Falls in five minutes. Now imagine stashing that water beneath Indianapolis in a cavity nearly as deep underground as the Indiana Soldiers’ and Sailors’ Monument on Monument Circle is high. That’s the goal of city engineers and consultants as […]
U.S. 31 upgrades get green light-WEB ONLY
The Indiana Department of Transportation has received approval to proceed with upgrades planned for U.S. 31 in Hamilton County. A decision this week from the Federal Highway Administration allows INDOT to acquire land for the corridor that extends 13 miles from Interstate 465 to State Road 38. Construction is expected to begin in 2011. The […]
Decision delayed on proposed crematorium-WEB ONLY
It will be at least another week before the city’s Metropolitan Development Commission decides whether to allow a crematorium to be built near the corner of Allisonville Road and 82nd Street. The commission was supposed to decide Feb. 4 whether the Harry W. Moore Funeral Care center could construct a one-story, 1,600-square-foot crematory on the […]
VeraSun wants to sell Indiana biofuel development-WEB ONLY
South Dakota-based VeraSun Energy Corp. has asked a bankruptcy court for permission to sell most of its assets by March 31, including five plants to Valero Energy Corp. for $280 million, the company said last Friday. The agreement with Valero includes a key development site in the small Indiana city of Reynolds, and production facilities […]
Credit crunch creates bond crisis for CIB
The Capital Improvement Board’s $43 million in debts must be settled soon, or the entity may not be able to survive.
Stimulus talk creates uncertainty at Statehouse
Stimulus talk continues to dominate discussion at the Indiana Statehouse, creating indecision for lawmakers who were supposed to be devoting their full attention to assembling a two-year budget under difficult economic circumstances.
Fall Creek Place plans retail and restaurant
The not-for-profit King Park Area Development Corp. is working on plans for a retail development at the vacant northeast corner of 22nd and Delaware streets.
CIB’s influence has grown with city’s sports scene
State lawmakers formed the Capital Improvement Board in 1965 to oversee construction of the city’s convention center.
CIB failure isn’t an option
Creativity and transparency are required to fix the Capital Improvement Board’s financial woes.
CIB IN CRISIS No simple fix for $50M hole-WEB ONLY
Click here to learn more about the CIB’s bond troubles. The Indianapolis Capital Improvement Board revealed just days ago that it will cost nearly $50 million annually to get the organization’s books back into the black. Now, the question is whether professional sports teams or taxpayers will foot the bill-a debate that’s already raging behind […]
EDITORIAL: CIB failure isn’t an option-WEB ONLY
These are scary times for the Capital Improvement Board, the entity that owns the city’s major sports venues and the expanding, and increasingly vital, Indiana Convention Center. Saddled with the prospect of a $50 million shortfall in the next few years, CIB is scrambling for a plan to stay solvent. The temptation to lay blame […]
Credit crunch creates bond crisis for CIB-WEB ONLY
There’s so much red ink on the Indianapolis Capital Improvement Board’s books that accounting firm BKD LLP is evaluating whether it can continue as a “going concern.” That’s the bean counters’ term for making a professional judgment about CIB’s ability to keep operating, or if instead it must go out of business and liquidate its […]