Tourism & Hospitality

Bed-and-breakfasts complain of inferior ICVA support

July 31, 2010
Anthony Schoettle
Local B&B operators squeezed by the economy, including Gary Hofmeister, claim they could be doing better if they got some support from the Indianapolis Convention and Visitors Association.
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Hotel operator says Indy hospitality growth spottyRestricted Content

July 31, 2010
Norm Heikens
Convention center is sparking optimism, Schahet says, but overall market is still soft.
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Quick hits: Indianapolis and Kansas City are close match in tourism

July 31, 2010
Indianapolis and Kansas City, a metro area with feet in both Missouri and Kansas, are not only similar demographically, but the cities' convention and tourism trades have some measures in common, like number of annual visitors.
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Holiday Inn to hit auction block with $1M opening bid

July 26, 2010
Cory Schouten
A Holiday Inn hotel along Interstate 69 just north of 96th Street in Fishers is scheduled to hit the auction block next month with a suggested opening bid of $1 million.
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'Landstory' name opens new chapter for firmRestricted Content

July 24, 2010
Scott Olson
Moniker reflects ownership change years earlier, better description of company's focus.
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City inks long-term deal with motorsports show

July 21, 2010
Scott Olson
An agreement with the International Motorsports Industry Show will keep it in the city indefinitely. Attendance for the three-day December convention is expected to top 20,000.
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Super Bowl Host Committee beefs up its staff

July 8, 2010
Three of the six additions are executives on loan from the Indiana Sports Corp. and the Indianapolis Convention & Visitors Association.
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Indiana Black Expo Summer Celebration schedule

July 3, 2010
Indiana Black Expo kicks off its 40th annual Summer Celebration July 12 with a full schedule of events.
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New Conner Prairie exhibit could be set in 20th century

July 3, 2010
 IBJ Staff
Work is starting at the former site of Liberty Corner on a new exhibit that will be announced in late summer or early fall.
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Risk inherent with bid to bring World Cup to IndyRestricted Content

July 3, 2010
Anthony Schoettle
But promoters of effort to bring global soccer competition here in 2018 or 2022 aren't concerned about repeat of financial failures of World Basketball Championships.
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Brother of late CEO takes helm at Holiday World

June 22, 2010
 IBJ Staff
Dan Koch has been named president and CEO of Holiday World & Splashin' Safari amusement park in southern Indiana, taking over after the unexpected death of his brother Will earlier this month.
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City Market lands another fresh-food vendor

June 21, 2010
Peter Schnitzler
Pretzel-maker A Taste of Philly expands from its current location at 42nd Street and College Avenue to take 200 square feet of space inside the historic downtown market, slated for a major overhaul.
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UPDATE: Commission approves City Market funding

June 16, 2010
Scott Olson
The Metropolitan Development Commission voted Wednesday afternoon to release nearly $4 million to improve the historic building in downtown Indianapolis.
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IMA hopes sculpture park brings acclaim, and donors

June 15, 2010
Kathleen McLaughlin
The $25 million park's grand opening is scheduled for June 20 following an opening-night party and a members-only VIP preview with artists and architect on June 19. Atelier Van Lieshout's "Funky Bones" is one of the featured sculptures.
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Holiday World president Will Koch dies at 48

June 14, 2010
Associated Press
Koch, 48, led the amusement park for 20 years, during which time it added a water park and several world-class roller coasters.
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World Skating Academy gets reprieve, remains on thin ice

June 12, 2010
Anthony Schoettle
A fixture in downtown Indianapolis since 1987, the Academy hasn't yet been evicted from its Pan American Plaza ice rinks, but it operates under a cloud of uncertainty.
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Circle City Sweets takes chance on Indianapolis City Market

June 12, 2010
 IBJ Staff
The stand that sells fresh baked goods opened last month, undaunted by the market’s recent history.
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Benner leaving convention group for Horizon League

June 8, 2010
 IBJ Staff
Well-known local sports columnist Bill Benner is leaving his job at the Indianapolis Convention & Visitors Association to become senior associate commissioner for external affairs for the Horizon League.
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LOU'S VIEWS: Race to Indianapolis Zoo's new cheetah exhibit

June 5, 2010
Lou Harry
Cheetahs: Race for Survival” is a terrific addition to the Indianapolis Zoo, even though its primary selling point—speed—can’t actually be seen.
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Ballard announces $4 million City Market overhaul

June 4, 2010
Peter Schnitzler
Restoration project, slated to last nearly a year, will redesign vendor stand facades, improve lighting and introduce a regular schedule of live entertainment at the historic venue.
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Suspended Kruse hopes to keep famous auction going

May 26, 2010
Associated Press
Kruse's attorney said his 69-year-old client would like to find some way to keep the annual auction alive, possibly by finding another auction company to run this year's event.
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Football coaches' group to convene in Indianapolis

May 26, 2010
 IBJ Staff
The four-day events in 2014 and 2019 are expected to draw about 7,000 attendees each and fill a total of more than 20,000 room nights, likely ranking among the city’s 25 largest conventions each year.
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Indianapolis Zoo opening new cheetah exhibit

May 26, 2010
 IBJ Staff and Associated Press
The $2 million exhibit opens Saturday featuring five of the fastest animals on land.
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City Market steering away from food court reputation

May 20, 2010
Scott Olson
Proposed $2.7 million renovation would take down west wing and make cosmetic improvements before 2012 Super Bowl.
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Another renovation proposed for City Market

May 20, 2010
 IBJ Staff and Associated Press
Indianapolis officials are proposing a $2.7 million renovation of the downtown City Market, three years after the last major renovation failed to boost business.
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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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