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San Francisco-based Oxford Lodging Advisory & Investment Group said today it has bought the 407-room Adams Mark Hotel on Executive Drive near Indianapolis International Airport for an undisclosed price. Other Adams Mark properties acquired by Oxford from St. Louis-headquartered HBE Corp. are in St. Louis, Denver, Dallas and Buffalo, N.Y. The deal, which is expected […]

Verus Partners LLC of Rosemont, Ill., has filed a request to ask the Hancock County Area Plan Commission to rezone 228 acres near Mount Comfort Airport to light industrial from institutional. The Chicago-area commercial real estate development company said the property no longer fits into the airport’s long-term plans, and that it wants to launch […]

Large parcel near Mount Comfort airport to be developed, area starting to boom Rosemont, Ill.-based Verus Partners LLC has asked the Hancock County Area Plan Commission to rezone 228 acres near Mount Comfort Airport to permit construction of an industrial park. The area is ripe for development, said Dennis Maloy, executive director of Hancock Economic […]

The Indianapolis International Airport Authority Board this morning gave the public the chance to weigh in on its proposed smoking ban. If the ban is approved, the public smoking room would be closed July 31 and smoking would be prohibited anywhere on the property by Jan. 1.

Indianapolis Mayor Bart Peterson said today that Airport Expressway has been renamed the Sam Jones Expressway after the long-time Urban League president. Jones died four years ago at age 75. The road was renamed to avoid confusion because it will not lead to Indianapolis International Airport after the midfield terminal project is finished in 2008.

A news conference has been called Thursday afternoon at a site near Indianapolis International Airport at which outgoing Purdue University President Martin Jischke will make an announcement about Purdue Research Park. State and local officials are expected to attend, too. In West Lafayette, Purdue Research Park has more than 90 technology related companies.

A consultant told business leaders in the Evansville area Tuesday that they should pounce on the chance to build an intermodal facility where freight containers can be exchanged between railroads and trucks, and do it before Terre Haute follows through on desires to launch a similar project. Morley and Associates business development director John DiDomizio […]

More than a year after PepsiCo Inc. began scouting the Indianapolis area for a site on which to build a warehouse for its Gatorade drink, the New York company has bought 105 acres in AmeriPlex industrial park near Indianapolis International Airport and broken ground. PepsiCo will build 1.1 million square feet of distribution space at […]

Purdue Research Foundation has purchased a half-interest in 78 acres in AmeriPlex industrial park on the far west side to start a technology park that the university anticipates filling with as many as 75 businesses and 1,500 jobs. The announcement is expected during a 1 p.m. news conference at the site. AmeriPlex is south of […]

A Purdue University fund-raising campaign launched in 2000 has amassed $1.7 billion, $400 million more than the original goal. The fund-raising results, to be officially announced tomorrow, cap a stint by Purdue President Martin Jischke that includes a furious economic development effort advanced yesterday by the unveiling of a tech park project near Indianapolis International […]

ATA Airlines plans to discontinue line maintenance in Indianapolis by Nov. 1 and appears ready to deactivate its Indianapolis maintenance operations entirely. The discontinuation of line maintenance-which involves quick, overnight-type aircraft work rather than overhauls-underscores the increasing irrelevance of Indianapolis to the locally based airline. Once the busiest carrier at Indianapolis International Airport, ATA ended […]