Its owners are planning to begin construction on a new, bigger building this fall, following the January fire that gutted its original home. Also this week: The W Nail Bar, Crazy Tortas.
The pandemic hasn’t stopped all hospitality business in Indianapolis. Nearly 40,000 people have visited downtown since the beginning of July for events at the Indiana Convention Center or at major hotels.
The full City-County Council is expected to vote on the proposals next month. After that, the financing will need to be approved by both the Metropolitan Development Commission and the Indianapolis Bond Bank.
The 104th running of the Indianapolis 500 is Sunday. For the surrounding community of Speedway, which bills itself as the racing capital of the world, many residents will be watching from home, and they are filled with sadness.
The NCAA and the Indiana Sports Corp. both said they’re still planning for the Final Four on its original dates. Some sports business experts wonder whether the college basketball tournament could benefit from a “bubble” strategy like the NBA or NHL.
An amazing, monthslong rally has put the S&P 500 back to where it was before the pandemic, even though millions of workers are still unemployed and businesses continue to close across the country.
In the 2000s, Centre Properties envisioned building a $500 million project called RiverPlace near 96th Street and Allisonville Road. Another developer just acquired the land but says its plans aren’t clear yet.
The Capital Improvement Board of Marion County approved a $132.3 million budget for 2021 during its Friday board meeting—a reduction of 26.4% from this year’s budget.
The cancellation of the fall season promises to wallop businesses who count on those fall weekends for survival, and the economic impact likely will measure in the tens of millions in many of the small towns across the sprawling conference.
Ratio is architect for the $550 million project by Kite Realty Group Trust that includes a Signia Hilton, an expansion of the Indiana Convention Center and—eventually—a second, 600-room Hilton-branded hotel.
The site where the Conrad Indianapolis hotel stands at the corner of Washington and Illinois streets was previously home to the 12-story Roosevelt Building, shown at left in the photo, and to Thompson’s Restaurant and Cooler’s Billiard Parlor No. 2.
Sales at retail stores and restaurants have now risen for three straight months, after plunges in March and April. Still, much of the spending was fueled by government aid that has since expired.
The owners of the Shops at Perry Crossing had been hoping to sell the shopping center before a May deadline to pay off the property’s loan balance, but the pandemic ruined those plans.
For weeks, camps of people experiencing homelessness and those suffering from substance use disorders have settled in on Monument Circle and near City Market.
Though work on the Purple Line and Blue Line bus rapid transit lines will continue, transit system says some other planned route improvements are on hold.
