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 DJIA 13,853.8 -118.0 / S&P 500 1,5376.6 -0.8 / NASDAQ 2,680.0 -32.3
 |  |  Tonight: A few storms, mild. Low 71. Tomorrow: Rain and thunderstorms, some heavy. High 85.
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|  Wednesday, July 18, 2007 |
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Daniels orders reassessment, launches panel
Gov. Mitch Daniels today ordered that all residential and commercial property in Marion County be reassessed. Daniels said tax bills will be frozen at 2006 levels, and that a big part of the county's property tax calamity appeared to be that business assessments were not done or were performed inaccurately. Seeking a long-term solution to the problem, Daniels also announced that Chief Justice Randall T. Shepard and former Gov. Joe Kernan have agreed to lead a bipartisan commission to find ways to streamline government. 
Indianapolis house prices
unlikely to slide, report says
Odds of house prices in the Indianapolis area dropping further in the next two years are slim, according to a report by PMI Mortgage Insurance Co. The metro area has an 8.4-percent chance of seeing its average sale price decline by the middle of 2009,
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|  | the Walnut Creek, Calif., company said. That's optimistic compared to Los Angeles, which is pegged at having a 58.6-percent chance of falling home prices.
Blog: Crown Hill, environmental groups at impasse
Crown Hill Cemetery and environmental groups can't agree on how to go ahead with the groups' buying 70 acres at the north end of the cemetery.
DePauw grad promoted to Starbucks Coffee post
Jim Alling, a 1983 graduate of DePauw University in Greencastle, has been named president of Starbucks Coffee International, the Seattle company announced today. Alling takes over for Martin Coles, who was promoted to chief operating officer of the Starbucks parent company. At DePauw, Alling majored in economics and Spanish, then received an MBA from the American Graduate School of International Management.
Blog: What's next for Old City Hall?
The city is seeking independent appraisals of Old City Hall, suggesting the city will likely issue requests for proposals after the interim Central Library moves out.
Fed chief predicts slowing inflation, stronger growth
The economy will improve slightly in 2008 and inflation will edge down slightly, Federal Reserve Bank Chairman Alan Bernanke told Congress this morning. Growth is expected to rise to as high as 2.75 percent, and inflation will moderate to between 1 percent and 2 percent.
From IBJ staff and Associated Press-Compiled by Norm Heikens
Heated discussion erupts over property taxes
State Rep. David Orentlicher planned to share ideas about fixing property taxes during a forum the Democrat hosted last night for his north-side constituents, but the crowd took over in a matter of minutes. Tonight at 6 p.m., the Fall Creek Neighborhood Association is hosting a meeting at Jubilee Center, 2301 N. Park Ave., and asking everyone attending to sign a petition that will go to Mayor Bart Peterson and Gov. Mitch Daniels. Fox 59 will have more at 10 p.m.
Candle blamed for north-side fire
Three people escaped a house fire early this morning in the 4500 block of Primrose Avenue on the north side. Early reports suggest the fire started when one resident fell asleep next to a lit candle. The damage is estimated at $35,000. The fire spread to a neighboring house, but the damage to it was minor.
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| Indianapolis girl charged for abandoning baby
California prosecutors have charged an Indianapolis teen ager with child abuse and neglect. Police arrested the girl yesterday, accusing her of giving birth in the bathroom of a Denny's restaurant and leaving her baby in the trash. Prosecutors are trying to decide whether the case should be in adult court.
State investigates Fishers fitness studio
The Indiana Attorney General's Office is investigating complaints against a fitness guru to the stars. In Los Angeles, Tracy Anderson's Pilates program inspired celebrities such as Madonna and Gwyneth Paltrow. Now Anderson, 32, is in trouble for closing her Fishers studio at 116th Street and Allisonville Road in May without warning. Authorities say clients are coming forward to demand refunds for sessions they paid for in advance. Anderson's attorneys say she intends to repay her customers. She owes tens of thousands of dollars.
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Apartment owners hammered by tax hikes
Home owners aren't the only group dealing with higher property taxes after the recent reassessment. The owners of apartment complexes also were hit hard, with some reporting tax increases of more than 70 percent, according to the Indiana Apartment Association . "This is a very raw issue for the apartment community," said George Tikijian, a principal with Tikijian Associates , which brokers apartment deals in central Indiana and across the state. 
Do you prefer banking at a company with its headquarters in Indiana?
Ownership of First Indiana Bank is finally headed out of state. Do you prefer banking at a company with its headquarters in Indiana?  | 
Physical Therapy and Sports Medicine Clinics 
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