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White Lodging founder gives $16M boost to Catholic schools

October 14, 2019 | Associated Press

The Bruce and Beth White Family Foundation’s gift is expected to bring operational and academic support directly to 10 elementary and high schools in the Diocese of Gary, benefiting about 3,300 students.

Discipline charges detail judges’ actions on night of downtown shootings

October 11, 2019 | Olivia Covington, Indiana Lawyer

Three judges have been charged with violations of the Indiana Code of Judicial Conduct for their roles in a violent May 1 altercation in downtown Indianapolis. A new report reveals exactly what the judges did that night leading up to the shootings.

Ambrose says city can’t use eminent domain to buy GM stamping plant site

October 10, 2019 | Mickey Shuey

The development firm scrapped its plans last month for a $1.4 billion mixed-use development at the former GM stamping plant site on the west edge of downtown. That led the Hogsett administration to say it will take legal action if necessary to buy the land.

Q&A: Tech worker drinks it in with podcast

October 4, 2019 | Anthony Schoettle

Indianapolis resident Fabian Rodriguez started the fast-growing Drink Culture podcast with Jared Byczko as an escape from his boring job selling cars.

U.S. unemployment hits 50-year low as employers add 136K jobs

October 4, 2019 | Associated Press

All told, the September jobs report is likely to keep the Federal Reserve on track to cut interest rates later this month for the third time this year to try to help sustain the expansion.

U.S. jobs report should offer clues to state of economy

October 3, 2019 | Associated Press

With signs of a weakening economy spreading and financial markets gyrating, Friday’s monthly jobs report will be watched for any evidence that the turmoil might be threatening the critically important U.S. job market.

Popularity of resale boosts consignment shop

October 3, 2019 | Susan Orr

Greenwood store buys site, eyes expansion. Also this week: Zombie Taco, Yogulatte, Torrid, Book Warehouse, Sally Beauty Supply and Aldi.

City still has grand vision for GM site, despite unraveling of $1.4B Ambrose project

October 3, 2019 | Mickey Shuey

Ambrose’s withdrawal from Waterside follows other changes at the firm, including the May defection of three senior executives to start Westfield-based Patch Development.

City threatens to take GM stamping plant land from Ambrose by eminent domain

October 2, 2019 | Mickey Shuey

The letter from the city’s corporate council to Ambrose says that to “avoid the delay and expense of a court process, we would welcome the opportunity to begin negotiation acquisition of the property immediately.”

Industrial chic: Converted event spaces multiply, filling a niche in the meeting marketplace

September 27, 2019

Event-only facilities are typically on the small side (at least compared to the convention center), located in or near downtown, and often reside in old industrial or warehouse structures.
XLVI Party.

Ambrose is mum, but experts say it likely ran into financing problems for $1.4B Waterside

September 27, 2019 | Mickey Shuey and Susan Orr and Lesley Weidenbener

Real estate developers and experts suspect the firm couldn’t get access to enough capital to move forward with the massive, 103-acre development. Opinions are mixed on whether the site should remain intact or be split into multiple projects.

Bottleworks signs two more retail tenants

September 27, 2019 | IBJ Staff

Good Neighbor, an upscale apparel store, and Pumkinfish, a gift shop that focuses on products made by Indiana artisans, will be a part of the first phase of the $300 million project.

Ambrose is scrapping $1.4B Waterside plan at former GM stamping plant

September 27, 2019 | IBJ Staff

The development company told IBJ in a statement that it plans to reposition its business to focus on e-commerce and industrial development and away from mixed-use and office projects, including Waterside.

Jimmy John’s takes lead in King Cole exodus

September 26, 2019 | Susan Orr

The sandwich shop will move a few blocks away as a developer makes plans to convert the building into a hotel. Also this week: Native Bread, VetIQ and Paco’s Taqueria.

British government plans massive airlift to rescue stranded travelers

September 23, 2019 | The Washington Post

British travel firm Thomas Cook declared bankruptcy Monday, stranding hundreds of thousands of travelers and prompting the British government to initiate what it is calling the largest peacetime repatriation in the nation’s history.

Travel plans in chaos, jobs lost as global tour company collapses

September 23, 2019

About 600,000 people were traveling with the company as of Sunday, though it was unclear how many of them would be left stranded. An estimated 1 million future travelers also found their upcoming holiday bookings canceled.

Letter: Children’s Museum responds to critics

September 20, 2019

By demolishing the Drake, the museum’s goal is not to create more parking; it is to reallocate money being spent on a building that no one has found a way to save so that the museum can offer programs that benefit children and families in our community. But we have heard the city’s concerns, understand the position of the Indianapolis Historic Preservation Commission, and look forward to working with the city to find a solution.

Owner proposes 22-story addition to downtown’s Morrison Opera Place

September 19, 2019 | Mickey Shuey

Plans for the development include a 220-room hotel and 32 residential units. The addition would boost the existing historic building from four to 26 stories.

Editorial: $66M project deserves incentives, but many developments don’t

September 13, 2019

We wish other incentive deals had fostered such vigorous debate, such as the council’s decision last year to provide $2.9 million in TIF financing for Duke Realty Corp.’s new $28 million headquarters in Keystone at the Crossing—an area of the city that’s already a magnet for development.

Broad Ripple restaurant assets to be auctioned

September 12, 2019 | Susan Orr

The Corner’s owners hope to sell its equipment, furnishings and liquor license Oct. 1. Nearby, Sun King Brewery is about to open Offshore, a seafood and beer restaurant, in the former Thr3e Wise Men space.

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