A blank-check company, or SPAC, plans to close early next year on a merger with California-based Energy Vault that will take the company public and give it a cash infusion of $388 million.
The company plans a 38,000-square-foot expansion at Hoosier Park that will result in 100 more slot machines, along with restaurant and bar space and a new drive-through area for valet parking.
A Georgia-based development firm said Monday it hopes to take the reins of the Wilshaw hotel project across from Indianapolis Motor Speedway, with hopes of completing construction by early 2023.
Loftus Robinson confirmed plans this week to give up development rights to the unfinished Wilshaw hotel project in Speedway after numerous delays, but company Principal Drew Loftus said the firm’s redevelopment plan for a tower in downtown Indianapolis is still on.
Plans for the shopping center property call for a new name and multiple new uses, including apartments, hotel, sports facilities, concert center, a police station and a public trail and canal.
The report from the Indianapolis Office of Public Health and Safety says the new shelter should offer a high level of access and feature a concentration of services meant to help homeless people get back on their feet.
Louisville-based Churchill Downs proposed a $240 million project known as the Queen of Terre Haute, to be built on nearly 21 acres west of the Haute City Shopping Mall.
Fabio de la Cruz has a plan to transform Lafayette Square Mall and several adjacent properties into a multicultural hub, including a concert center, movie theater, hotel and multifamily housing.
The suits allege the eight-team, quasi-professional league accumulated a bill of $1.1 million during its stay at the Crowne Plaza Union Station and a tab of nearly $235,000 for six games played at Lucas Oil Stadium.
The COVID-19 variant was identified days ago by researchers in South Africa, and much is still not known about it, including whether it is more contagious, more likely to cause serious illness or more able to evade the protection of vaccines.
The return of stricter COVID-19 restrictions to fight the latest variant has already left some travelers stranded. For many tourism businesses, it’s also threatening hopes of an upcoming holiday boost this year.
Major League Baseball plunged into its first work stoppage in a quarter-century when the sport’s collective bargaining agreement expired Wednesday night and owners immediately locked out players in a move that threatens spring training and opening day.
Overall, the November jobs figures point to a job market and an economic recovery that look resilient though under threat from a spike in inflation, shortages of workers and supplies and the potential impact of the omicron variant of the coronavirus.
Wouldn’t it be nice if today’s college coaches had the luxury of doing recruiting as it was done by two of Indiana’s greatest coaching icons, Tony Hinkle and Johnny Wooden? Which basically was to sit back, throw out a few lines and wait to see who bites without having to beg or bend a truth?
The conference earlier this year quietly signed a one-year extension of its deal with the Indiana Sports Corp. to host the title game at Lucas Oil Stadium at the end of next season, marking the 12th straight year the event will be held in Indianapolis.
The figures from the Labor Department’s Job Openings and Labor Turnover survey, or JOLTS, show that with so many companies chasing relatively few unemployed people, job-seekers have the most bargaining power they have had in at least two decades.
Hospitality officials had expected an economic impact approaching $100 million for the NCAA Final Four alone, but that estimate was made before the pandemic put severe attendance limits on the tourney.
The foundation will occupy the top floor of the planned five-story structure at 820 Massachusetts Ave., using 23,700 square feet for about 50 of its employees.
The Spring League, a developmental football association formed in 2017, racked up some $1.4 million in unpaid bills during a nine-week stay in Indianapolis last spring.
Seventeen regions representing all corners of the state will each get a slice of the $500 million in state-funded regional grants, with $65 million going to regions in the Indianapolis metro area.
