Tourism & Hospitality

Holiday World plans $6.5 million expansion, new ride

October 23, 2012
Associated Press
Officials at Holiday World & Splashin' Safari in southern Indiana announced plans Tuesday for a major new water-slide attraction as part of $6.5 million in projects planned ahead of the park's 2013 season.
More

Billie Creek future uncertain after auction

October 21, 2012
Associated Press
The auction of western Indiana historic site Billie Creek Village generated a combined $550,000 in bids, but it's not clear yet whether any bid will be accepted.
More

Paoli Peaks wins big in battle with landlord over logging

October 19, 2012
Cory Schouten
The owners of the Paoli Peaks ski resort have prevailed in a battle with their landlord, who had sought to squeeze additional revenue out of the 68-acre property by launching a logging operation.
More

Creditor could take ownership of downtown Comfort Suites

October 5, 2012
Scott Olson
The owner of the hotel, an affiliate of Dora Brothers Hospitality Corp. in Fishers, filed for Chapter 11 bankruptcy in February. German American Capital Corp., which is owed $12 million, could own the property by the end of the year.
More

Competition puts dent in Indiana casino revenue

October 4, 2012
Scott Olson
Indiana casino revenue fell 3.5 percent through the first eight months of the year even though overall revenue at U.S. casinos grew 6 percent during the period. New casinos in Illinois and Ohio are likely to blame.
More

Percussive Arts Society names new executive director

October 4, 2012
 IBJ Staff
Indianapolis-based Percussive Arts Society has appointed Larry Jacobson as executive director of the society and its Rhythm! Discovery Center.
More

Report: Indy visitors pay high taxes for travel

October 3, 2012
Associated Press
Visitors pay among the highest travel taxes in the nation when they come to Indianapolis — 17 percent on hotel rates, 15 percent on rental cars and 9 percent on meals.
More

Indians attendance increases for fourth straight year

September 24, 2012
Anthony Schoettle
A strong regular season and a playoff run pushed attendance at Indianapolis Indians home games to its best mark in four years and fourth best at Victory Field since 2000.
More

Billie Creek up for auction after sealed bids fail

September 23, 2012
Associated Press
The Parke County historic site's land, buildings and antiques will be auctioned publicly on Oct. 20 during the county's Covered Bridge Festival.
More

Filling the FFA gap in IndianapolisRestricted Content

September 22, 2012
Anthony Schoettle
Local tourism officials have known for nearly four years that the National FFA Organization annual convention will leave Indianapolis temporarily after an anticipated 55,000 members clad in their trademark blue corduroy jackets descend on the city for their confab Oct. 24-27.
More

Event-planning vet Maribeth Smith has impressive resumeRestricted Content

September 22, 2012
Scott Olson
Maribeth Smith’s introduction to the world of event planning sure was a doozy—coordinating the city’s first significant Final Four in 1991. In the 20 years since, Smith has planned some of Indianapolis’ biggest soirees, highlighted this year by several events surrounding the Super Bowl, which helped cement her status as one of the city’s leading meeting planners.
More

Lucas Oil Stadium meeting revenue expectationsRestricted Content

September 22, 2012
Mason King
Roughly four years after it opened its doors in late 2008, Lucas Oil Stadium appears to have crossed the threshold of dollars that its creators anticipated from hosting events beyond the scope of the Indianapolis Colts.
More

Indy hotel to pay $355,000 to settle race lawsuit

September 21, 2012
Associated Press
The operators of an Indianapolis hotel have agreed to pay $355,000 to settle allegations they underpaid and fired African-American housekeepers because of their race.
More

Indiana Grand Casino owners accept bid from Centaur

September 18, 2012
Kathleen McLaughlin, Associated Press
Central Indiana’s two racetrack-casinos may consolidate under a single owner after Indianapolis-based Centaur Holdings LLC submitted a winning bid of at least $500 million for Indiana Grand Casino in Shelbyville.
More

Fumes sicken 13 workers at Indiana State Fairgrounds

September 4, 2012
Associated Press
A spokesman says more than a dozen people have been taken to hospitals after they were sickened by fumes from gas-fueled power-washing equipment while working at the Indiana State Fairgrounds.
More

Zoo breaks ground on $21M orangutan exhibit

September 4, 2012
Cory Schouten
Indianapolis Zoo officials are hoping to finish strong on the organization's largest fundraising effort since the zoo moved to White River State Park in 1988.
More

Steak n Shake paying $3.8M for Ober Building

September 4, 2012
Cory Schouten
An affiliate of the Steak n Shake restaurant chain has agreed to pay $3.8 million to acquire downtown's Ober Building from the Capital Improvement Board of Marion County. The restaurant chain likely will move its headquarters to the 1910 building.
More

Earth House cites unsustainable business model for closure

August 23, 2012
Dan Human
Leaders of a church-affiliated Indianapolis arts organization are citing an unsustainable business model as the reason why doors will close at the end of the month. Earth House Collective will host its final events on Aug. 31
More

Indiana State Fair falls short of attendance goal

August 20, 2012
Scott Olson
This year's Indiana State Fair drew 853,941 visitors during a 17-day run that ended Sunday, falling short of its attendance goal by about 20,000 people. The fair had aimed for overall attendance of 875,000, a figure based on the average number of visitors the past five years.
More

Fate of theme park remains on roller coaster ride

August 18, 2012
Associated Press
Efforts to reopen a closed Kentucky amusement park have taken a roller coaster ride for three summers, and now there's a new twist as the state seeks out more would-be operators even as a group of local business leaders floats a proposal to revive the attraction.
More

City's convention agency changing to more 'hip' name

August 17, 2012
Anthony Schoettle
The Indianapolis Convention & Visitors Association is changing its name to Visit Indy and dramatically altering its logo to appeal to leisure travelers as well as meeting and convention planners.
More

Downtown Indianapolis gearing up for big visitor weekend

August 16, 2012
Scott Olson
The Gen Con Indy gaming convention and the MotoGP race are among several events the city is hosting that could produce an economic impact of $150 million, according to the Indianapolis Convention and Visitors Association.
More

Stage company rejects Indiana State Fair settlement deal

August 15, 2012
Associated Press
The owner of the stage that collapsed at Indiana's State Fair last year and killed seven people rejected a settlement plan Wednesday that would have protected the state from further legal action and paid victims an additional $7.2 million.
More

IMA chooses new CEO from Kentucky art museum

August 15, 2012
 IBJ Staff
Charles L. Venable, 52, the director and CEO of the Speed Art Museum in Louisville since 2007, was chosen to replace Maxwell Anderson, who left the IMA in January to become director of the Dallas Museum of Art.
More

Museum of Contemporary Art names executive director

August 15, 2012
 IBJ Staff
The Indianapolis Museum of Contemporary Art has removed the "interim" tag from the title of its executive director.
More
Page  << 1 2 3 4 5 6 7 8 9 10 >> pager
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

  3. Clearly, there is a lack of a basic understanding of economics. It is not up to the company to decide what to pay its workers. If companies were able to decide how much to pay their workers then why wouldn't they pay everyone minimum wage? Why choose to pay $10 or $14 when they could pay $7? The answer is that companies DO NOT decide how much to pay workers. It is the market that dictates what a worker is worth and how much they should get paid. If Lowe's chooses to pay a call center worker $7 an hour it will not be able to hire anyone for the job, because all those people will work for someone else paying the market rate of $10-$14 an hour. This forces Lowes to pay its workers that much. Not because it wants to pay them that much out of the goodness of their heart, but because it has to pay them that much in order to stay competitive and attract good workers.

  4. GOOD DAY to you I am Mr Howell Henry, a Reputable, Legitimate & an accredited money Lender. I loan money out to individuals in need of financial assistance. Do you have a bad credit or are you in need of money to pay bills? i want to use this medium to inform you that i render reliable beneficiary assistance as I'll be glad to offer you a loan at 2% interest rate to reliable individuals. Services Rendered include: *Refinance *Home Improvement *Inventor Loans *Auto Loans *Debt Consolidation *Horse Loans *Line of Credit *Second Mortgage *Business Loans *Personal Loans *International Loans. Please write back if interested. Upon Response, you'll be mailed a Loan application form to fill. (No social security and no credit check, 100% Guaranteed!) I Look forward permitting me to be of service to you. You can contact me via e-mail howellhenryloanfirm@gmail.com Yours Sincerely MR Howell Henry(MD)

  5. It is sad to see these races not have a full attendance. The Indy Car races are so much more exciting than Nascar. It seems to me the commenters here are still a little upset with Tony George from a move he made 20 years ago. It was his decision to make, not yours. He lost his position over it. But I believe the problem in all pro sports is the escalating price of admission. In todays economy, people have to pay much more for food and gas. The average fan cannot attend many events anymore. It's gotten priced out of most peoples budgets.

ADVERTISEMENT