Tourism & Hospitality

Not your typical corporate retreat spots

September 27, 2014
Norm Heikens
You know the drill—find a place where a contingent from your organization can fall back and talk about something important. (Or unimportant.)
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Digital marketing convention leaving Indy for New York

September 25, 2014
Jared Council
Connections, the high-profile digital-marketing convention hosted in Indianapolis by ExactTarget each year since the event's founding in 2005, is moving to New York City next year, city tourism officials disclosed Thursday.
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Lean years loom for Capital Improvement Board

September 20, 2014
Kathleen McLaughlin
The Capital Improvement Board is headed for lean years, but it’s not for a lack of resources. The entity that oversees downtown convention and sports venues faces payment of two big debts.
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Plaza being built near state fairgrounds coliseum

September 12, 2014
Associated Press
Crews have started building a $2 million pedestrian plaza next to the newly renovated Indiana State Fairgrounds Coliseum.
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Community Health buys Hilton North for redevelopment

September 11, 2014
Scott Olson
The hospital network will close the 221-room hotel along the Interstate 69 corridor by the end of the year and will begin exploring redevelopment opportunities to meet the growth of the network.
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Hilton boutique hotel slated for renovated Consolidated Building

September 10, 2014
Scott Olson
Plans call for a 102-room Home2 Suites by Hilton to be built in what’s known as the annex of the Consolidated Building, at the rear of the vacant, 15-story structure on North Pennsylvania Street.
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Ideal owners needed for tricky north-side properties

September 6, 2014
Andrea Muirragui Davis
Size and age complicate the sale of several prominent structures in Boone and Hamilton counties.
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U.S. prosecutors from across nation meeting in Indy

September 3, 2014
Associated Press
Federal prosecutors from across the country are gathering in Indianapolis to discuss ways to reduce the number of guns in the hands of criminals, among other violent crime initiatives.
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Star caterer Jack Bayt on upswing after tumble

August 23, 2014
Sam Stall
Six years after having the area's largest catering business sold out from under him, Jack Bayt is back, leading a revamped Crystal Catering. But the new iteration is much smaller than in the days when Bayt and his partners wanted to become a regional or even national player.
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Gaming convention sets another attendance record

August 19, 2014
 IBJ Staff
Gen Con 14, which wrapped up Sunday, drew 56,614 unique visitors to the Indiana Convention Center, surpassing 2013’s previous record of 49,530.
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UPDATE: Indiana State Fair attendance tops 950,000

August 18, 2014
Associated Press
This year's 17-day run goes down in the books as one of the three most attended.
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CIB to provide $5M for natatorium maintenance

August 11, 2014
Kathleen McLaughlin
The Capital Improvement Board of Managers of Marion County voted Monday to give the Indiana Sports Corp. $500,000 a year for the next 10 years to create a reserve fund for maintenance on the IU Natatorium at IUPUI.
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REI Investments agrees to buy site of former GM stamping plant

August 4, 2014
Scott Olson
The local developer plans to purchase the entire 102-acre property, which has been earmarked for a 15,000-seat outdoor concert venue and the city's new criminal justice complex.
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Two-hotel tower proposed across from fieldhouse

August 2, 2014
Scott Olson
A Minneapolis developer wants to build two high-end hotels in the same 15-story building on a surface parking lot downtown across from Bankers Life Fieldhouse.
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UPDATE: Fair opens with first alcohol sales since 1946

August 1, 2014
Associated Press
The first person to sample alcohol under the new law was 67-year-old Ed Swafford of Liberty. He tried a Bavarian-style ale and declared it tasty.
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Grand Park helps Hamilton County hotels run up score

July 31, 2014
Andrea Muirragui Davis
Hotel business is booming in Hamilton County, with mid-year occupancy up 9 percent from the first half of 2013. Open since March, Westfield's massive Grand Park Sports Campus has thrown its weight behind the surge.
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Marketing firm hired to find Fairgrounds Coliseum sponsor

July 30, 2014
Scott Olson
Denver-based Impression Sports & Entertainment announced Tuesday that it’s been retained to secure a naming-rights sponsor for the recently renovated coliseum.
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Three-drink limit for beer, wine at Indiana State Fair

July 29, 2014
Associated Press
Strict limits will be in place when the Indiana State Fair sells alcoholic drinks for the first since 1946 when its 17-day run begins Friday.
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Indiana tourism group sharpens mission

July 26, 2014
Anthony Schoettle
New director changes organization’s name, launches initiatives catering to businesses.
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PENNY: Collegiate reform could hurt Olympic teamsRestricted Content

July 26, 2014
Steve Penny / Special to IBJ
Changes in governance might risk pipeline of athletes in sports that generate little income.
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BOHLER SMITH: Forsaken vacation hits business two waysRestricted Content

July 26, 2014
Jamie Bohler Smith / Special to IBJ
There is truth in the old adage that all work and no play makes Jack a dull boy, but it also makes Jack unhappier, less healthy and not as effective of an employee.
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Tech entrepreneur launches Indy Visitors Channel

July 26, 2014
Anthony Schoettle
Folksy chief cements deals with handshakes, promotes tourism spots with video network in hotels.
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Holiday World plans $22 million winged roller coaster

July 25, 2014
Associated Press
The Holiday World amusement park in southern Indiana is building a new $22 million roller coaster that it says will launch riders to 60 miles an hour in 3.5 seconds, with a 14-story loop and four inversions.
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Street performers to make debut in Indianapolis

July 24, 2014
 Associated Press and IBJ Staff
A special project aims to foster the art of street performance in downtown Indianapolis. The project is being promoted by the Arts Council of Indianapolis, Indianapolis Downtown Inc. and arts group IndyFringe.
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New downtown concert venue to seat 15,000

July 16, 2014
Scott Olson
A music amphitheater soon will take center stage on the site of the former General Motors metal-stamping plant on the western edge of downtown, sources tell IBJ.
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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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