The Federal Reserve’s first interest-rate increase in nine years has removed a crutch that’s helped sustain 33 consecutive months of price growth of at least 10 percent.
Carmel Mayor Jim Brainard traveled out of state using public money nearly every month this year. His trips aren’t lavish, but he was gone on city business a total of 79 days, raising questions about both the hard and soft costs.
The SEC has been concerned about exactly this scenario caused by the mismatch between a fund offering its shareholders daily access to their money while a significant proportion of its assets are illiquid (i.e. cannot be sold quickly without affecting price).
It was another busy year in the North of 96th region—the population growth hasn’t stopped, new housing developments continue to take root and each community is trying to identify exactly what kinds of new businesses it wants to attract.
Two bids for redeveloping the City-County Building’s southern plaza came in more than $6 million higher than the $10 million budget, forcing officials to reevaluate. Plus: Updates on the 21c Museum Hotel, Cummins distribution headquarters, and The Coil.
Indianapolis hasn’t hosted the NBA All-Star Game since 1985—when it was in the Hoosier Dome—something the league’s commissioner, Adam Silver, wants to change. But local officials haven’t pulled the trigger on a bid.
The Swedish home furnishings store—which won’t open for nearly two years—will be built on 35 acres along USA Parkway in the Exit Five Corporate Park, near the East 116th Street and Interstate 69 interchange.
The list of projects slated over three years includes about 30 more roundabouts, other street improvements, and land acquisition. It would lead to property tax increases for most residents.
Two local developers are teaming to build a $50 million mixed-use project adjacent to the Indianapolis Motor Speedway that would anchor the town’s revitalized Main Street.
IBJ's Holiday Wish List provides an opportunity for businesses and individuals to make tax-deductible gifts in the spirit of the season. Anyone who wishes to make a contribution should contact the organization directly.
The organization, a division of Hamilton County Tourism Inc., is launching a five-year calendar, increasing its budget by 25 percent and hiring another staff member.
IBJ's Holiday Wish List provides an opportunity for businesses and individuals to make tax-deductible gifts in the spirit of the season. Anyone who wishes to make a contribution should contact the organization directly.
The state has approved permits to let 13 distilleries sell vodka, bourbon, whiskey and other spirits directly to the public. More permits are under consideration.
Hotel Tango’s products, including its gins, vodkas and rums, will be available in 20 of the supermarket chain’s central Indiana and Bloomington stores.
