Articles

CIB saves $1M after state agrees to lower loan rate

State officials decided to reduce the interest rate on a $9 million loan to the city's Capital Improvement Board by 1
percentage point. The news couldn't come at a better time for the agency, which is trying to find money to assist the
Indiana Pacers.

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Appeals court reverses Bargersville annexation

The Indiana Court of Appeals on Thursday overturned the town of Bargersville’s annexation of land that Greenwood officials
also wanted to take over, saying it failed to get the required consent from property owners.

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Shelbyville, county plan economic development projects

Millions of dollars in tax revenue that flows from the Indiana Live casino to local government coffers will be set aside for
economic development. Shelbyville Mayor Scott Furgeson hopes to present new projects to the city council in the next month
or two.

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CIB audit shows agency finances improving

The Capital Improvement Board earned $10 million last year after reporting a $16.8 million loss in 2008. Its financial future
is clouded, however, by talks with the Indiana Pacers over Conseco Fieldhouse operating costs.

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Pacers, CIB still talking post-deadline

A June 30 deadline imposed by the basketball team passed with no agreement on who will pay Conseco Fieldhouse operating expenses,
but both sides remain optimistic a deal will get
done soon.

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Senators say Bloomington should end Arizona boycott

A letter dated Thursday from GOP Sen. Mike Delph of Carmel and signed by more than 20 other Republicans asks Bloomington officials
to "take a step back" from their plan to avoid business with Arizona companies because of that state's new immigration
law.

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CIB, Pacers discussing three-year deal

City officials want to wait until economy, National Basketball Association labor situation stabilize before entering longer-term
deal. Optimism remains deal can get done by June 30.

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Ballard bets big on $16 million software project

Concluding a year-long evaluation and public bidding process, mayor chooses Oracle’s PeopleSoft to replace local government’s
1970s-era financial IT system and New York-based Zanett Inc. to lead the implementation.

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Walgreen gets OK to sell booze at 18 more stores

The Local Alcoholic Beverage Board of Marion County recommended permits for 18 of the 28 stores for which Walgreens is seeking
to sell alcohol. Approval by the Indiana Alcohol Tobacco Commission could happen as soon as June. 15.

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