With travel and convention business continuing to stagnate and COVID-19 cases on a steep rise, many properties find themselves scrambling for long-term loan solutions and pleading for help from lenders.
A state-level review of Westfield’s 2018 finances found city officials failed to comply with state laws and guidelines when they entered into an informal agreement with Bullpen Tournaments.
What’s at stake has real-world consequences for just about every American, as well as the health care industry, a major source of jobs and tax revenues.
Restaurants, gyms and coffee shops rank high among locations where the coronavirus is most likely to spread outside the home. That’s according to a newly published report, based on data from millions of Americans, tracked by their phones.
Work travel represented 21% of the $8.9 trillion spent on global travel and tourism in 2019, according to the World Travel and Tourism Council. How much of that business will return after the pandemic is uncertain.
Office space, the largest single slice of the commercial real estate sector, already is seeing rents fall as vacancies rise. Property values eventually could plummet 20% to 35%, according to a recent Barclays report. Hotels and retail properties have been hit even harder.
Visit Indy President and CEO Leonard Hoops addressed the topic Friday during the monthly Capital Improvement Board meeting, indicating there are tentative plans for up to three separate bubbles.
The NCAA announced Monday it is in talks with city and state officials to play all 67 games in the Indy metropolitan area, in order to simplify logistics and limit potential exposure to COVID-19.
A surge in coronavirus infections nationwide and the expiration of a $600 weekly boost to unemployment checks over the summer have slowed spending by Americans.
SmarterHQ, a fast-growing Indianapolis-based marketing software firm that has raised more than $42 million in venture capital since its founding in 2010, has been acquired.
If the city is going to host the tournament, it must do so with a clear-eyed awareness that much work needs to be done—especially downtown, where many restaurants have gone out of business and many buildings are boarded up.
A surge in coronavirus cases has local restaurateurs fretting that public officials are on the cusp of imposing severe restrictions that they say will force hundreds of local eateries to close.
Promising news about a coronavirus vaccine has small business owners feeling more upbeat. They also realize many hurdles remain as the pandemic shows no signs of abating heading into the winter.
The acceleration of coronavirus cases is causing an existential crisis for America’s retailers and spooking their customers just as the critically important holiday shopping season nears.
The amount is about one-third of the roughly $57,000 the Indiana Supreme Court Disciplinary Commission had asked the court in September to order Curtis Hill pay toward expenses in the case.
