Articles

Super Bowl travel plans mix business, fun

Super Bowl XLI has become a can’t-miss event for dozens of local business executives and government honchos, who are shelling
out several thousand dollars apiece to watch the Feb. 4 game in person.

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Museum yanks Puck Catering exclusive event contract

The Indianapolis Museum of Art has revoked Wolfgang Puck Catering’s exclusive contract for events at the museum after the Los Angeles-based company failed to deliver at a big event last year. The IMA sent a letter Monday to 10 caterers that are locally based or have a local presence in order to gauge interest in […]

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What skyline? CBS nixes Indy during Colts game

The compelling AFC Championship game between the Colts and Patriots won record ratings for CBS. But the broadcast frustrated city officials for what it lacked. CBS didn’t show a single shot of the city. No shots of the skyline. No beauty shots of White River State Park or Monument Circle. No street-level shots. “It’s a […]

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Flurry of fitness chains takes aim at Indianapolis

At least five companies are scouting locations for dozens of new health clubs in a blitz that could help the city shed its
reputation for high rates of obesity. The fitness club business is booming nationwide, and several chains are betting Hoosiers
are among those looking for more convenient opportunities to get in shape.

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UPDATE: New Indianapolis hotel could get TIF financing

The city of Indianapolis has agreed to kick in as much as $48.5 million toward the construction of a new 1,000-room convention hotel near White River State Park.   In a letter of intent, the Indianapolis Bond Bank agreed to an investment package that could include a 10-year tax abatement and a new tax increment […]

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City commits up to $48.5M for hotel project

The city of Indianapolis has agreed to kick in as much as $48.5 million toward the construction of a new 1,000-room convention hotel near White River State Park.   In a letter of intent, the Indianapolis Bond Bank agreed to an investment package that could include a10-year tax abatement, a new tax increment financing district […]

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Local sign makers enjoy brisk business thanks to bank mergers

Bank mergers have proven lucrative for local sign companies over the years. A string of mergers in the late 1980s and early
1990s wiped out the city’s three big national banks–American Fletcher, Merchants National and Indiana National. In the years
since, the industry has continued to consolidate, spawning a flurry of additional name changes.

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IMA may drop Puck for service lapse

The Indianapolis Museum of Art is considering whether to revoke Wolfgang Puck’s exclusive catering contract after the company’s
slow service marred an important event in November.

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Downtown ice rink in the works

Ice skating on Monument Circle ended in the mid-1980s after damage from the weight of ice was discovered in the fountain basin.
But outdoor skating downtown might return. White River State Park plans to build a $1.5 million Olympic-size rink complete
with sound and light equipment and a skate-rental stand.

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New owner takes over at Marsh

Marsh Supermarkets Inc. saw big changes in 2006 as new owners and a new CEO took over, and the Fishers-based company announced store closures and layoffs. Boca Raton, Fla.-based Sun Capital Partners in October closed on its $88-million purchase of Marsh. The purchase included the assumption of about $200 million in debt. For the first time since the company’s founding in 1931, a Marsh isn’t calling the shots at Marsh Supermarkets. With the deal’s closing, Sun installed Frank Lazaran, the…

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City picks Marriott, passes on Pan Am plan:

A willingness to redesign and add rooms to its proposed JW Marriott hotel helped push locally based REI Real Estate Services and its partner over the top in their quest to build a convention headquarters hotel. The team of REI and Merrillville-based White Lodging Services Corp. proposed building an 800-room JW Marriott as the centerpiece of a 1,500-room, five-hotel complex at the site of the existing Courtyard by Marriott hotel at West and Washington streets. A city committee charged with…

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Payne blazed Cultural Trail:

Inspiration struck Brian Payne in 2001 while he was walking the Monon Trail. He remembered a conversation in which city officials lamented that downtown streets were too wide and cars moved too fast to allow much of a pedestrian connection town’s top attractions. between down- His brainstorm: Eliminate lanes of traffic and build a path-creating an amenity that could become a destination in itself. Payne, president of the Central Indiana Community Foundation, began telling everyone he knew about the idea….

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Small talk with new SBDC chief: Central Indiana counseling office gets fresh start after years of uncertainty

Victoria Hall this year took over the Central Indiana Small Business Development Center, which counsels more than 500 Hoosier entrepreneurs annually. Hall, a former vice president for H&R Block Tax Services, oversees four employees, including three business counselors. She also teaches part-time at Ivy Tech Community College, which hosts the local SBDC. She earned her MBA from the Indiana Institute of Technology in Fort Wayne. One of 11 regional centers in Indiana, Central Indiana SBDC has been plagued in recent…

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Verizon amphitheater might be redeveloped

The potential redevelopment of Verizon Wireless Music Center in Noblesville could open the door for a new concert venue in
Indianapolis, but industry veterans don’t expect it would look anything like the popular Hamilton County amphitheater.

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Small biz unsure about ’07: Legislative agenda is clear, but advocates still worried

Big changes at the Statehouse, including a shift to Democratic control in the House of Representatives and a leadership switch in the Senate, mean there are more unknowns and more unpredictability. Meanwhile, top issues such as health insurance, tax reforms and regulatory changes provide a minefield of concerns for small-business owners. New health insurance mandates could add to already skyrocketing premiums. New local taxing authority could increase the burden on small businesses. Changes to the state’s regulatory structure could dramatically…

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Luxury Conrad hotel off to bumpy start

For its first nine months, occupancy at the Conrad Indianapolis has lagged the downtown average. Rates have fallen as the
hotel tries to fill more rooms. Employees have worked behind the scenes to fix kinks.

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Residents say safety is a growing concern: Survey: Fewer feel comfortable downtown after dark

Most central Indiana residents feel safe in downtown Indianapolis when the sun is out, but remain leery of the city at night, according to a study by the IUPUI Department of Tourism, Conventions and Event Management. The annual study, which is designed to gauge the impact of cultural tourism on quality of life, gives the city high marks overall in areas ranging from cultural attractions to cleanliness, public transportation to parking. But it also shows the city has more work…

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H.H. Gregg betting big on flat screens

Locally based Gregg Appliances Inc. found itself flat-footed last holiday season when consumers demanded flat-panel TVs. The
popular televisions were in short supply at H.H. Gregg stores. This year, Gregg has bet on a huge selection of flat-panel
TVs to buoy sales.

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Starbucks pours it on in Indiana

Over the last seven years, Starbucks has inundated virtually every corner of the Hoosier landscape. And the company has no
plans to slow down. Several Indiana towns–from Gas City to Angola, Batesville to Bluffton–will get their first Starbucks
in 2007.

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