Articles

FEIGENBAUM: Historic milestone in gambling industry approaches

Indiana has made billions on gambling in nearly two decades, funding key programs, cutting excise and property taxes, and
avoiding tax hikes. The state has seen more than $2 billion in investment without any government incentives,
and more dollars committed in our history than by any industry outside of steel, power and autos.

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EDITORIAL: School funding has fatal flaws

A state budget was passed June 30, but it’s balanced on the backs of poor children. Legislators
deserve praise for at least slightly increasing overall education funding, but because of a flawed funding
formula, urban districts such as Indianapolis Public Schools actually will lose money in the next two
years.

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Construction jobs trickling in from road stimulus

Federal stimulus money for Indiana highway projects so far has put to work 1,222 people with a payroll of $1.27 million,
according to state records of 42 projects under way in which contractors have reported job data. The work, ranging
from paving to replacing bridge decks, had a total contract value of $39.2 million.

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City considering new parking meter plan

City officials are considering several proposals designed to wrestle more revenue out of
the city’s roughly 4,000 parking meters, including
the possibility of a long-term lease to a private firm, a move that netted Chicago more than $1 billion
last year.

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Legislature snubs casinos, but forms study committee

Indiana’s struggling gambling industry didn’t get the relief it sought during the special session of the Indiana General Assembly. But embedded within the budget bill approved June 30 is a provision creating a gambling summer study committee. Its recommendations, due by Dec. 1, may make or break several of Indiana’s casinos.

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FEIGENBAUM: Education money helped land key Democratic votes

As both House Speaker Pat Bauer, D-South Bend, and House Republican Leader Brian Bosma, R-Indianapolis, see it, this is definitely a "Republican-flavored" budget. Republican Gov. Mitch Daniels laid the framework, and legislators from both sides of the aisle largely abided by his bottom lines of spending, state agency cuts and surplus.

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$65M development deal would cost Capital Improvement Board

The Capital Improvement Board could be forced to give up one of its most profitable assets so the city can pull off a $65-million
public-private downtown development deal. The city has agreed to help a developer revitalize the vacant former Bank One operations
center in part by acquiring an adjacent
parking garage for $18.5 million.

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EnerDel poised to get jolt of stimulus juice

Within weeks, EnerDel expects to receive notification that it’s getting as much as $480 million in financing under a U.S.
Department of Energy program aimed at fostering advanced vehicle manufacturing.

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EDITORIAL: Project near MSA may be worth the risk

The city has unveiled a dramatic plan for new housing and retail development to revitalize the old Market Square Arena site.
Despite some shortcomings, the project deserves a chance to give the stagnant area a boost.

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