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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When will corporate travel come back?

September 26, 2014
Anthony Schoettle
An industry coalition is launching an attack on the ‘AIG effect’ in the hope of restoring a lucrative niche.
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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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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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After Super Bowl setback, Indianapolis races to lure other events

May 24, 2014
Anthony Schoettle
A stinging defeat for Indy’s quest to land the 2018 Super Bowl leaves a giant opening in the city’s convention schedule and brings new urgency to recruiting future sports events.
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Uber, Lyft barnstorm Indianapolis taxi market

April 26, 2014
Anthony Schoettle
The ride-share upstarts are stirring praise and pushback, just as they have elsewhere across the country.
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Flurry of renovations upgrade downtown Indianapolis hotel scene

April 26, 2014
Anthony Schoettle
Trend driven by hyper competition, pent-up demand from the recession, opening of JW Marriott.
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MORTON: Indy's road to Oz will end soon for sports team owners

April 26, 2014
David B. Morton
The seemingly endless yellow brick road to Oz, or what residents of central Indiana have come to accept as privately owned professional sports franchises seeking financial sustenance to build and upgrade, is nearing a tipping point of practical expenditures.
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Brokers trying to reverse vacancy in downtown Indy officesRestricted Content

March 8, 2014
Scott Olson
The vacancy rate for Class A space approached 20 percent in 2011 for the first time in at least 15 years and kept trending upward, settling at 21.4 percent at the end of last year.
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National Rifle Association convention debuts in Indy

February 8, 2014
Anthony Schoettle
Businesses are scrambling to decide how to cater to the massive confab.
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ROSENTRAUB: Indiana State Fairgrounds destination hurts downtown IndianapolisRestricted Content

February 8, 2014
Mark Rosentraub / Special to IBJ
The recovery accelerated a disappointing pattern. Regional economic growth and activity are increasingly moving to the suburbs.
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Dermody might be General Assembly wild card

December 14, 2013
Adam Van Osdol / Special to IBJ
New chairman of the House Committee on Public Policy could raise eyebrows in dealing with 'vice' issues.
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Smoking ban opens new doors to Visit Indy

November 14, 2013
Anthony Schoettle
New convention prospects are talking to the city's marketing agency after passage of the city's expanded smoking ordinance last year.
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Indy attracts more visitors than much-larger ClevelandRestricted Content

November 9, 2013
A comparison of the convention and tourism businesses.
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Hamilton County tourism getting sweeping updateRestricted Content

November 9, 2013
Anthony Schoettle
Officials tout sophistication, Internet focus in attempt to shed folksy image.
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MILLER: A mixed forecast for the travel businessRestricted Content

November 9, 2013
Denise Miller
The volume of travel in the United States exceeded the prior peak (2007) earlier this year and is likely headed for continued growth, although Indiana, with the exception of central Indiana, is not faring as positively.
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Dream teams for tourism industry

September 28, 2013
Anthony Schoettle
Youth sports events reap millions for Indianapolis and its neighbors.
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Crafting Indianapolis' convention biz took guts

September 28, 2013
Anthony Schoettle
Ex-Indianapolis Convention & Visitors Association chief Bill McGowan weighs the pay-off.
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Long way to go to fill expanded Indiana Convention CenterRestricted Content

September 28, 2013
Anthony Schoettle
Eighteen months after the expansion opened, indicators of success are mixed.
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Indiana tourism spending is fraction of nearby states'

July 27, 2013
Anthony Schoettle
As Indiana slashed its tourism budget, Michigan increased its widespread Pure Michigan ad campaign from $17 million to $27.4 million. Illinois, where budget problems have earned the state the nation’s worst credit rating—A3 by Moody’s Investors Service—spends more than twice as much as Michigan.
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Indy tourism officials take aim at close-in target

July 27, 2013
Anthony Schoettle
New program is designed to lure Indiana residents to capital city with large discounts at hotels, attractions
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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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