Tourism & Hospitality

Speedway's Speed Zone redevelopment project in high gearRestricted Content

April 27, 2013
Anthony Schoettle
Some goals have been realized, while others are moving through the pipeline.
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DAY: The hidden value of hospitality and tourismRestricted Content

April 27, 2013
Jonathon Day
Tourism and hospitality are often described as the invisible industry—the industry “hidden in plain sight.”
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Indiana stage-rules extension approved by legislators

April 17, 2013
Associated Press
State lawmakers have given final approval to a two-year extension of regulations on temporary outdoor stage rigging developed after the deadly Indiana State Fair stage collapse.
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Safety chief says more security likely at events

April 16, 2013
Associated Press
Indianapolis will increase security at upcoming events such as the 500 Festival Mini-Marathon and Komen Race for the Cure, but spectators likely won't notice the changes, Troy Riggs said.
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Officials express confidence in Indy 500 security plan

April 16, 2013
Associated Press
Indianapolis Motor Speedway officials and Indiana State Police feel good about their security plan for this year's Indy 500 and won't remove trash cans from the track in response to deadly blasts at the Boston Marathon.
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Holiday World plans to display fun, not family problems

April 12, 2013
Associated Press
A family legal battle and untimely deaths have drawn attention to Holiday World's owners in recent years. But it's business as usual for those who run the Indiana theme park.
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Monument Circle face-lift set to move forward

April 4, 2013
Kathleen McLaughlin
The city recently signed a $555,750 contract with a local firm for design work on the Circle, leading to a two-year repaving project with other improvements.
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Skating academy to close ice rinks at Pan Am Plaza

April 3, 2013
 IBJ Staff
Indiana World Skating Academy, a fixture in downtown Indianapolis since 1987, plans to suspend operations of its two indoor ice rinks at Pan Am Plaza this month and begin looking for a new location, the not-for-profit announced Wednesday.
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Traveling Indiana? Here's a look at what's new and improved

March 30, 2013
Lou Harry
Need some incentives to travel in-state for your next getaway? Looking for something new? Here’s a rundown of some of what’s been added — or improved — on Indiana’s destinations menu.
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REVIEW: Walt Disney World, Universal Studios revisited

March 30, 2013
Lou Harry
With both the 2010 opening of The Wizarding World of Harry Potter at Universal’s Islands of Adventure and 2012’s New Fantasyland expansion at Walt Disney World, families with theme-park inklings have even more reasons to visit — or revisit — Orlando.
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Olympic snub is sharp blow for Lucas Oil StadiumRestricted Content

March 30, 2013
Anthony Schoettle
USA Swimming’s decision to torpedo a bid to host the 2016 Olympic Swim Trials at Lucas Oil Stadium casts doubts on the venue’s chances for future big-time, non-traditional events.
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Lawmakers still considering live table games at racinos

March 28, 2013
 The Statehouse File
The Indiana House Ways and Means Committee postponed amendments and a vote on a gambling measures Wednesday after supporters of the state’s horse-track casinos renewed their fight to get live dealers at their table games.
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Demand for hotels, tickets spike as NCAA regional looms

March 25, 2013
Anthony Schoettle
Downtown hoteliers are expecting a sellout this weekend, and ticket brokers are reporting a spike in ticket prices even though Indiana University is playing elsewhere.
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Indianapolis loses bid to host 2016 Olympic swim trials in stadium

March 19, 2013
 IBJ Staff
Indianapolis has been eliminated as a candidate to host the 2016 U.S. Olympic swimming trials at Lucas Oil Stadium. USA Swimming told local leaders that the venue would be "challenging for creating an intimate swimming setting."
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Ticket brokers, city to take lumps as IU sent east

March 18, 2013
Anthony Schoettle
Ticket brokers took a gut punch Sunday when NCAA officials announced that Indiana University would not be playing in the Midwest Regional of the men's basketball tournament. Local tourism officials say the economic impact could drop $1.5 million.
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Cops to valets: Park cars, not trafficRestricted Content

March 9, 2013
Kathleen McLaughlin
Indianapolis police are keeping an eye on downtown valets, whose habit of blocking traffic lanes has prompted complaints. The Indianapolis Metropolitan Police Department issued a stern reminder to all valet operators on Jan. 31, the week after the opening of The Alexander Hotel in CityWay at Delaware and South streets.
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Art museum cutting more than 20 employees

March 4, 2013
Dan Human
The museum said 19 full-time employees and two part-time employees will complete their employment Monday. Eight additional vacant positions will not be filled.
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Indianapolis Air Show called off; organizers cite sequestration

February 26, 2013
The air show was set for June 15-16 at Indianapolis Regional Airport near Mount Comfort east of Indianapolis. It has taken place annually since 1996.
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Centaur completes purchase of Indiana Grand

February 21, 2013
Associated Press
The owner of the Hoosier Park racino in Anderson says it has officially purchased the bankrupt Indiana Grand and Downs in Shelbyville for $500 million.
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State hotels see rise in annual occupancy rate

February 21, 2013
Indiana’s hotels hosted more visitors last year, according to a survey by Hendersonville-based Smith Travel Research.
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City reports rise in parking meter profit, revenue

February 21, 2013
Dan Human
Indianapolis estimates it earned about $1 million more from parking meters in 2012, with meter revenue almost doubling from the previous year, the Department of Public Works announced Thursday.
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Speedway businesses eye gains from IMS upgrade

February 11, 2013
 IBJ Staff
Nearby businesses hope upgrades to the Indianapolis Motor Speedway from a proposed state taxing district would pave the way for additional offerings at the venue, including night racing.
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Is Indianapolis becoming too expensive for conventions?Restricted Content

February 9, 2013
Anthony Schoettle
A recent tax increase coupled with cut-rate competition from other cities has Indianapolis-area convention and meeting officials fretting about losing a longtime cost advantage.
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QUICK HITS: More people visit Philly than Indy despite similar tourism budgetsRestricted Content

February 9, 2013
Philadelphia offers strong historical draws and a plethora of downtown restaurants.
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Hotel, restaurant merger part of larger shakeupRestricted Content

February 9, 2013
Scott Olson
With the consolidation of the Indiana Hotel & Lodging Association and the Indiana Restaurant Association are complete, longtime association leader John Livengood will stepping down
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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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