Tribal casino could squeeze state coffers
A tribal casino planned for northern Indiana could deal a serious blow to established competitors, as well as to an important source of state tax revenue.
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Commuter subsidies often go unnoticed
In a dark little corner of the tax code known as Section 132(f), the IRS lets employers provide tax-free benefits—typically, payroll deductions and/or subsidies—to employees for commuting costs. That includes vans, buses, bikes, trains, and even parking. And both parties can save, since they’re not getting dinged for their respective taxes on the amount of the benefit.
Zoo breaks ground on $21M orangutan exhibit
Indianapolis Zoo officials are hoping to finish strong on the organization's largest fundraising effort since the zoo moved to White River State Park in 1988.
Steak n Shake paying $3.8M for Ober Building
An affiliate of the Steak n Shake restaurant chain has agreed to pay $3.8 million to acquire downtown's Ober Building from the Capital Improvement Board of Marion County. The restaurant chain likely will move its headquarters to the 1910 building.
MAURER: At the sports book with Cousin Eddie
Cousin Eddie is an obstetrician/gynecologist and medical director of one of the largest OBGYN practices in Houston. He also is an author, inventor, songwriter and stock market whiz.
BOEHM: Inside the 1987 Pan American Games
Pardon me for reminiscing on this 25th anniversary of the 1987 Pan American Games. Others have told how the Indianapolis “sports strategy” helped regenerate downtown, grow IUPUI, and establish Indianapolis as a major league city and a convention destination.
Major Westfield development projects making progress
Several big development projects planned for Westfield are under way or awaiting approval, but plans for a retail center at U.S. 31 and 161st Street have been on the shelf for several years due to the economy and road construction.
A new Last Resort for downtown Indy dining
The privately held casual dining chain Dick's Last Resort plans to open along Maryland Street just west of Illinois Street.
Local developer buys 50 acres in Intech Park
Ace Commercial Development plans to construct a build-to-suit development for an undisclosed client on the highly visible property. Real estate sources say the client is locally based Heritage Environmental Services LLC.
City’s convention agency changing to more ‘hip’ name
The Indianapolis Convention & Visitors Association is changing its name to Visit Indy and dramatically altering its logo to appeal to leisure travelers as well as meeting and convention planners.
Downtown Indianapolis gearing up for big visitor weekend
The Gen Con Indy gaming convention and the MotoGP race are among several events the city is hosting that could produce an economic impact of $150 million, according to the Indianapolis Convention and Visitors Association.
MAHERN: Ballard’s lieutenants serve him poorly
Dear Mayor Ballard: You need to talk to your guys. They are not giving you the best advice.
RIVERA: On to the next huge sporting event
According to @IUBloomington, the Twitter account of my alma mater Indiana University, our alumni have won 50 gold medals throughout Olympic history.
Hamilton County hotels report stronger occupancy
Helped in part by the Super Bowl, the county’s occupancy rate increased 8.4 percent, to 63 percent, compared with the first six months of 2011, according to a report by Tennessee-based Smith Travel Research.
ICVA eyes funds from sale by CIB of downtown’s Ober building
The Capital Improvement Board wants to plug a $2 million funding hole that will open up next year for the Indianapolis Convention & Visitors Association with the expiration of a $5.9 million grant from the owner of the JW Marriott hotel downtown.
Conrad’s top suite gets $350K fine art makeover
The Conrad Indianapolis this year completed a $350,000 renovation of its most luxurious suite, landing the 2,000-square-foot Gallery Suite on an Elite Traveler magazine list of the top 23 hotel suites in the U.S.
Survey: Reform threatens retail, hospitality
Nearly half of employers in the sectors expect the Patient Protection & Affordable Care Act to boost their health plan costs more than 3 percent in 2014.