Pummeled by pandemic, CIB making ‘hard decisions’
But Executive Director Andy Mallon says he’s “very confident” the board will recover from not only the pandemic but also necessary spending cuts and financial hits over the next 18 months.
Mickey Shuey
Articles
Lost convention business exceeds $535M, leading to further budget challenges
Overall, 340 groups, representing nearly 965,000 attendees, outright canceled their Indianapolis events this year because of the pandemic. The loss of business is taking a toll on the Capital Improvement Board’s revenue streams.
Broad Ripple office project gets preliminary OK for $3.5M in bonds
A planned two-building office headquarters in Broad Ripple for staffing company Eight Eleven Group is another step closer to approval.
Newfields announces major new immersive art exhibition
The Indianapolis Museum of Art at Newfields on Wednesday announced the largest exhibit in its history. It is expected to occupy the museum’s entire fourth floor starting in June 2021.
Senior housing project planned in Martindale-Brightwood neighborhood
Situated across from Douglass Park, the project would feature a 17,450-square-foot structure with 34 two-bedroom apartments and about 60 parking spaces.
Visit Indy launches admission partnership with zoo, other attractions
The Indy Attraction Pass offers bundled access to Conner Prairie, Eiteljorg Museum of American Indians and Western Art, Indiana State Museum, Indianapolis Zoo and The Children’s Museum of Indianapolis.
CIB furloughs several staffers, makes pay cuts to cope with pandemic
The steps taken by the Capital Improvement Board of Marion County included putting five members of its executive staff on indefinite leave.
Colts permitted to have up to 12,500 spectators at next home game
The increase to capacity for the game against the Cincinnati Bengals follows continued discussions with the Marion County Public Health Department.
Lobbying group says two-thirds of Indiana’s hotels facing closure
The American Hotel & Lodging Association report is meant to underscore what the lobbying group says is a critical need for additional stimulus ahead of Congress breaking for its October recess.
Downtown church still hoping to redevelop adjacent lot on Mass Ave
Roberts Park United Methodist Church, 401 N. Delaware St., has planned for more than a year to build a five-story building with a day-care facility, parking, health clinic and office space atop the parking lot directly east of the church.
Despite virus, city bids to host dozens of sports events
Local officials are betting big on Indianapolis’ continued success as a sports city by submitting two dozen bids for championship-level events slated through 2030.
Protests in Indy likely this weekend, but IMPD optimistic businesses aren’t at risk
Local officials say a few small protests related to the Breonna Taylor grand jury decision are planned this weekend in Indianapolis, but there’s little expectation the demonstrations will give way to destructive rioting like they did in May.
UPDATE: Developer finds partner for long-stalled Wilshaw hotel project in Speedway
Loftus Robinson LLC partnered with an Indianapolis hotelier late last week to shore up financing for the project at the southeast corner of 16th and Main streets. Construction has been stalled since July 2019.
Texas developer plans $325M industrial park in Whiteland
Dallas-based Mohr Capital has already broken ground on the first building in the master-planned Mohr Logistics Park—a 1 million-square-foot distribution center for Cooper Tire—and has several more in the early planning stages.
Despite pandemic losses, brokers still optimistic about retail’s future
In particular, vacant spaces in higher-population suburbs should have no trouble finding new tenants, brokers say.
IMS Museum selling dozens of vehicles to help upgrade collection
The basement of the Indianapolis Motor Speedway Museum is jam-packed with hundreds of vehicles that never go on display. Some of those cars are going on the auction block.
Indianapolis Motor Speedway gets OK to have 10,000 fans at Harvest Grand Prix
The determination to allow spectators at the 300,000-seat venue came from the Marion County Public Health Department.
Colts say 7,500 spectators will be allowed at second home game
Pete Ward, chief operating officer for the Colts, confirmed the 200% increase in the maximum-allowed crowd for the Sept. 27 game against the New York Jets.
UPDATE: Health officials reduce Indy Eleven capacity to 2,500 following IBJ story
The county health department said it was reducing the soccer team’s capacity at Lucas Oil Stadium to match what will be allowed at this weekend’s Colts game.
Crowd-limit disparity for Colts, Eleven home games raises questions
The Indianapolis Colts will be limited to 2,500 spectators at Sunday’s home football opener at Lucas Oil Stadium even though crowds for Indy Eleven soccer games at the venue have regularly doubled that figure since early July.