Tourism & Hospitality

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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Relics from investigated collection on display

July 10, 2014
Associated Press
A central Indiana museum is displaying numerous Native American relics belonging to a man from whom the FBI seized many artifacts this spring.
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Dozens of brewers, wineries set for Indiana State Fair

July 10, 2014
Associated Press
About 40 Indiana craft brewers and wineries will be setting up shop in the new wine and beer garden inside the fairgrounds' Grand Hall.
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Group backs out of deal for Anderson's Wigwam

July 9, 2014
Associated Press
Officials say a private group has decided not to take over Anderson's closed Wigwam gymnasium, leaving the fate of the 9,000-seat venue uncertain.
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Transfer of Anderson gym awaits additional approval

July 7, 2014
Associated Press
The Anderson City Council will have to approve the city's involvement in the transfer of the closed 9,000-seat Wigwam gymnasium to a private group planning to reopen it.
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Indy lands huge volleyball event with $59M impact

June 30, 2014
 IBJ Staff
Indianapolis is expecting 15,000 athletes and 30,000 spectators for the 2016 USA Volleyball Girls’ Junior National Championships.
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Bikeshare program reports nearly 30,000 rides in 8 weeks

June 26, 2014
 IBJ Staff
The Indiana Pacers Bikeshare program has landed 1,026 annual members and sold 9,926 24-hour passes, resulting in 29,874 total trips, Indianapolis Cultural Trail Inc. said.
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Muncie launches 'quiet zone' push to benefit hotel

June 26, 2014
Associated Press
Muncie's push would benefit a $40 million Courtyard by Marriott hotel slated for a groundbreaking later this year and set to open in fall 2015 just north of CSX Transportation and Norfolk Southern tracks.
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INDIANA 100: Mainstreet tops fastest-growing companies list

June 21, 2014
Nursing home developer Mainstreet is the fastest-growing private company in the Indianapolis area.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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