Experts say CIB is thin on liability coverage for event venues
The board carries $56 million in liability insurance for its facilities, including a $1 million general liability policy and a $55 million umbrella policy.
Government & Economic Development
Articles
Kite Realty seeks TIF funds for 3 mixed-use projects
Indianapolis-based developer Kite Realty Group Trust is asking the cities of Carmel and Indianapolis to ante up incentives for a trio of mixed-use projects in its pipeline.
U.S. durable goods orders edge up 0.2% in August
Orders for durable goods edged up 0.2% in August after a much bigger 2% gain in July, the Commerce Department reported Friday. The volatile commercial aircraft sector dropped sharply.
Red Line will remain free through Nov. 10 as IndyGo works out service, payment kinks
The new payment system IndyGo has paid Paris-based tech firm Flowbird Group to design and implement will not be ready by Oct. 1, the day riders were to start paying for Red Line service.
Mobile sports betting will launch Oct. 3
The Indiana Gaming Commission has approved the mobile launch for the first operator, French Lick Casino, which is working with Chicago-based Rush Street Interactive to offer retail and online sports wagering.
Indy mayoral candidates want state law to better protect tenants
Democratic incumbent Joe Hogsett and Republican state Sen. Jim Merritt participated in a discussion about homelessness at the Coalition for Homelessness Intervention and Prevention annual fundraiser and awards presentation on Wednesday evening and were asked about what they would each do to improve the homelessness situation in Indianapolis.
City ‘full speed ahead’ on Oaktree apartments demolition
Indianapolis officials expect to move forward with razing the blighted northeast-side complex, after the owner failed to request a last-ditch hearing by the state’s Supreme Court.
Analysis: Impeachment threat muddies economic picture, financial markets
The House’s move toward impeachment proceedings against President Trump changes the calculus in handicapping the trade war, whether prescription drug pricing gets addressed and any other regulatory issues.
Income-tax increase for Hamilton County gets final approval
Noblesville city councilors voted for the hike on Tuesday night, giving the proposal a critical mass of support throughout the county.
Holcomb names new head of National Guard after forcing previous leader out
Salem native R. Dale Lyles has spent 32 years in the military, including deployments to Bosnia and Afghanistan.
Two groups sue over Indiana’s work requirements for Medicaid recipients
The plaintiffs say the requirements jeopardize the health coverage of thousands of vulnerable people under the Healthy Indiana Plan.
Trump administration issues new overtime rule
The Trump administration has issued a rule that will make overtime pay available to 1.3 million additional workers, far fewer than a proposal that had been advanced by former President Barack Obama but struck down in court.
Biz leaders say focus on neighborhoods results in more significant impact
Cummins isn’t alone in its neighborhood approach. Multiple Indianapolis companies are choosing to focus their philanthropy on a particular neighborhood as a way to make a greater impact.
Q&A: JPMorgan Chase’s Owen Washburn on boosting inclusive growth
Washburn oversees the company foundation’s grant-making strategy for Indianapolis as well as for Chicago, Minneapolis, St. Paul and Toronto. That means he’s looking for opportunities to translate the foundation’s larger goals into programs and strategies in those local communities.
Mayoral candidates talk about neighborhood issues at public forum
Democratic incumbent Joe Hogsett, Republican state Sen. Jim Merritt and Libertarian Doug McNaughton participated in a mayoral forum Tuesday night organized by Historic Urban Neighborhoods of Indianapolis and Indiana Landmarks.
Indianapolis to get boost in road funding, but other cities, towns face decrease
The city of Indianapolis is about to get a boost in road funding from the state—at the expense of other cities and towns—after a discrepancy was found in how the formulas for certain taxes had been applied for years.
Tech executive Josh Owens jumping into race for governor
The Shelbyville native has never held elected office, and his only campaign experience was an unsuccessful run for an at-large seat on the Indianapolis Public Schools board in 2014.
Q&A with Chad Halstead, an Opportunity Zone adviser
For the past 12 years, Chad Halstead, 39, has helped land government incentives for some of the area’s biggest real estate developments.
Legislative study committee to debate vaping taxes
With vaping on the rise, Indiana lawmakers are set to launch another debate about whether to impose taxes on e-cigarettes and e-liquids like they do on traditional cigarettes, cigars and other tobacco products.
State health department receiving $21M grant to combat drug overdoses
Money will go toward such uses as collecting more timely data on overdoses treated at emergency rooms and enhancing the state’s prescription-monitoring program.