Colts plan to hike prices for some season tickets, lower others
The average season-ticket price for 2020 will rise 2.9 percent, according to the Indianapolis Colts, but about two-thirds of the tickets will be priced the same or less.
Mickey Shuey
Articles
Initial design unveiled for new $20M Broad Ripple Park family center
The project—part of a $70 million master plan for the park approved last year—is expected to feature a 40,000-square-foot building in place of the existing park center.
Lawsuit filed by Ambrose alleges city tried to take stamping plant land for Infosys campus
The company said in its 28-page complaint that Mayor Joe Hogsett’s administration had threatened to take the site through eminent domain in 2017—two years before it’s latest threat to use the legal maneuver to buy the land. That led Ambrose to add a clause to its project agreement with the city meant to prohibit the Hogsett administration from pursuing eminent domain in the future.
Former Marsh store could become apartment building
The bankruptcy of Marsh has forced developers throughout central Indiana to find creative reuses for the former supermarket spaces. In Martinsville, plans are being finalized to transform a Marsh husk into a two-level apartment project as part of a $3 million redevelopment.
Pacers to reduce emphasis on suites in renovation
The change comes as the Pacers look to create court-facing gathering areas like those found at other new or renovated venues.
Children’s Museum, city join forces to find options to save historic Drake building
The process will give developers an opportunity to introduce ways to preserve the 91-year-old building at 3060 N. Meridian St., which the museum had planned to demolish.
Litz & Eaton co-founder facing three lawsuits, including one from his former partner
Brad Litz, who created Litz & Eaton in 2011 is facing multiple lawsuits from a lender and one form his former partner, John Eaton,
Construction of South Meridian condo project might be phased
The developer was forced to rethink the project across from Circle Centre mall after anticipated costs ballooned past the expected $8 million to $10 million investment.
Indy Eleven finishes 2nd in league attendance with uptick in home crowds
The Indy Eleven drew average crowds of more than 10,000 per game to Lucas Oil Stadium in their second year in the United Soccer League.
Penske’s IMS deal means hundreds of acres of opportunity, real estate experts say
The acquisition of Hulman & Co. will give Penske Corp. control of about 37% of all the land in Speedway, making the company the town’s single-largest landowner. Roger Penske said he wants to take advantage of that land.
Q&A with Gavin Thomas, Bottleworks project chief
Gavin Thomas, 43, joined Wisconsin-based Hendricks Commercial Properties in August after five years working in development at Kite Realty Group Trust.
Convention industry swells, but future hinges on Pan Am development
Visit Indy, which isn’t involved in the Pan Am negotiations, is in “somewhat of a holding pattern until we have the exact details finalized and presented to us,” Vice President Chris Gahl said.
Hotel plan for King Cole Building gets go-ahead from IHPC
The IHPC voted unanimously to green-light construction plans for converting the King Cole building into a hotel, along with a new penthouse on the roof of the 11-story building suited for a restaurant or bar.
Local mechanical contractor to build $6.5M headquarters
Indianapolis-based mechanical contractor R.T. Moore Co. Inc. expects to create 40 jobs as part of the project, with average wages of about $32 per hour.
In first major project since Waterside exit, Ambrose plans logistics center campus in Mount Comfort
The Indianapolis-based firm on Tuesday broke ground on a $78 million, 508,104-square-foot building—the first of four planned structures as it shifts focus to industrial development.
Penske says Formula One, 24-hour race could be in IMS future, but management change is not
Roger Penske—whose Penske Corp. is buying Hulman & Co. and its racing operations—said he’d also like to bring a third car manufacturer to IndyCar and maintain IMS’s relationship with NASCAR.
Penske’s deal to acquire Indianapolis Motor Speedway, IndyCar draws landslide of praise
A deal that will make Penske Corp. the owner of Indianapolis Motor Speedway and the IndyCar Series received overwhelmingly positive reactions from motorsports insiders on Monday morning.
Butler planning campus esports center, gaming curriculum
The university plans to debut the first phase of its Esports and Gaming Lounge project in late November—an 800-square-foot space inside Atherton Union. It will feature 16 gaming PCs and a small gaming console area.
Local industrial sector ‘healthier than it’s ever been,’ expert says
The red-hot Indianapolis industrial real estate sector is nearing all-time records in vacancy, construction and absorption, newly-released market reports obtained by IBJ show.
Pacers don’t expect new naming-rights deal for fieldhouse until 2020
Pacers Sports & Entertainment hopes to pin down a new multimillion-dollar sponsorship deal before the first phase of a $360 million renovation to the venue begins next summer.