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Articles
Cabaret Theatre moving to downtown’s Columbia Club
The troupe will relocate from its temporary location at the Connoisseur Room in time to present a holiday show that runs Dec. 10-12.
Video surveillance legal in Hoosier state, but beware lawsuits
Most states–Indiana included–have no law on the books banning video surveillance in homes or businesses. However, anyone
considering using a hidden camera should consider the potential to be sued under the state’s well-developed privacy law.Ballard set to shake up CIB with staff moves
CIB Treasurer Ann Lathrop will become board president, replacing Bob Grand at the helm of the organization that oversees the city’s professional sports stadiums and the Indiana Convention Center.
Indiana casino owner declares bankruptcy
Majestic Star Casino LLC owns two casinos and a hotel in Gary, a casino-hotel in Tunica County, Miss., and a casino in Black
Hawk, Colo.Remnants of failed Premier Properties finally hit market
CB Richard Ellis recently began marketing the most prominent of Premier Properties’ local properties, Metropolis. The
Venu site
at the southwest corner of East 86th Street and Keystone Avenue also is up for grabs.Developer eyes Penn Centre as it wraps up Allen Plaza
Allen Commercial Group is offering for sale the first of 30 condos in its flagship nine-story Allen Plaza building along Pennsylvania
Street downtown. And the firm is working on a phasing plan for its much-larger Penn Centre proposal.Fledgling technology park is development bright spot
WestGate@Crane Technology Park is adding office buildings for defense contractors next to the secretive Naval Surface Warfare
Center at Crane.Quick Hits
St. Louis is a bigger convention and tourism city than Indianapolis by almost any measure. It also devotes more money and manpower to the industry. However, Indianapolis logged more hotel bookings. Click here to see the full comparison.
Majestic Star casino company misses debt payments
The company that owns two casinos along Indiana’s Lake Michigan shore has been declared in default on nearly $80 million in
debt by its lenders.Indiana tourism sites staying busy despite soft economy
Hoosiers are shrugging off hard times and heading out on vacation, so much so that some of the state’s top attractions actually
are seeing attendance boomlets. But the travelers are sticking close to home, and they’re clenching their dollars tightly.Local convention leaders wine, dine crucial meeting planners
Behind every convention that rolls into Indianapolis is a tedious sales effort as intense and invisible as a riptide. Sometimes
the sale cycle lasts as long as six years.Noble Roman’s reports profit despite lower revenue
Indianapolis-based Noble Roman’s Inc. said late Monday that it posted a third-quarter profit of $459,535, or 2 cents per share—a 44-percent improvement over the same period last year. But revenue for the quarter fell to $1.9 million, from $2.2 million in 2008.
CIB may accept $27 million state loan after all
The Indianapolis Capital Improvement Board likely will accept a state loan providing $27 million over three years to help
shore up its fragile financial situation.CIB finances improving, though concerns remain
Approaching the end of 2009, Indianapolis’ cash-strapped Capital Improvement Board is on much more solid financial footing.
Testing 1…2…3…
The city has agreed to hand over architectural artifacts from a landmark downtown building to a historic preservation group. The Historic Landmarks Foundation of Indiana plans to auction off pieces from the parapet that once stood atop the Indianapolis News-Goodman Jewelers Building along Washington Street. The building, just east of the Conrad Hotel, now is […]
Critics: NCAA’s reselling of suites out of sync with scalping ban
Lucas Oil Stadium suite holders are upset that the NCAA is taking their luxury boxes for the men’s basketball Final Four
in April and reselling them on the secondary—or scalpers—market.Allen Plaza developer bullish on downtown, eager for next project
J. Greg Allen sees the $14 million Allen Plaza renovation as a message to city leaders that he intends to leave
a lasting mark on downtown.Sestertii Solar leasing panels to make solar power more affordable
The electricity they generate may be free, but most home- and business-owners can’t justify the upfront cost of solar
panels. A price tag of $25,000 to $50,000 for a modest system puts the cost close to luxury car territory.