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Inflation pressures remain persistent as consumers pull back

April 28, 2023 | Associated Press

Key measures of prices and wages remained high in March, keeping the Federal Reserve on track to raise interest rates next week for the 10th time since March of last year in its drive to defeat high inflation.

Made in Indiana: Essenhaus Noodles by Essenhaus Foods

April 28, 2023

Company history: The mass production of noodles by Essenhaus Foods is an outgrowth of the traditional Amish-style food served by the popular Das Dutchman Essenhaus restaurant, founded in 1971 by Bob and Sue Miller in Middlebury. Through the years, the operation in northern Indiana’s Amish country has grown into a tourist destination that includes a […]

Townhouse complex planned near Lucas Oil Stadium amid Old Southside recovery

May 2, 2023 | Mickey Shuey

Meridian Enclave would consist of 16 townhouses spread across four buildings all in the same block, southeast of the intersection of Sycamore and Charles streets. In addition, the developer plans to rehabilitate two adjacent homes.

City to take over financing of $510M hotel at Pan Am Plaza

May 5, 2023 | Mickey Shuey

Hogsett administration officials said the move was necessary to save the project after Kite Realty Group told the city it couldn’t secure suitable financing for a planned 814-room Signia by Hilton hotel.

New cars, once part of American dream, now out of reach for many

May 7, 2023 | The Washington Post

The average price of a new vehicle in the United States has risen 30 percent over the past three years, according to Kelley Blue Book, pricing more Americans out of the new car market.

U.S. to propose new rules for airline cancellations, delays

May 8, 2023 | Associated Press

The aim of the rules would be, for the first time, to require airlines to pay compensation beyond a ticket refund and to cover expenses that consumers incur if the airline causes a cancellation or significant delay.

Americans have bet $220B on sports in 5 years since legalization

May 8, 2023 | Associated Press

Two-thirds of the country now offers legal sports betting, with additional states likely to join in coming months or years.

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Mayoral candidate Shreve calls Hogsett’s Pan Am Plaza plan ‘flawed policy’

May 9, 2023 | Mickey Shuey

Republican Jefferson Shreve said he disagrees with the decision by Mayor Joe Hogsett’s administration to take over financing and ownership of the $510 million Signia by Hilton—a key part of the city’s convention strategy.

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U.S. prices remain high, showing inflation pressures persist

May 10, 2023 | Associated Press

The nation’s inflation rate has steadily cooled since peaking at 9.1% last June but remains far above the Federal Reserve’s 2% target rate.

North of 96th roundup: Ace Hardware, Tropical Smoothie Cafe plan new stores

May 11, 2023 | Daniel Bradley

Several restaurants and businesses have recently opened or are planning new locations in the north suburbs of Indianapolis. Here’s a rundown:

Vop Osili: Decision to create district must be made by many

May 12, 2023 | Vop Osili

The opportunity to create an Economic Enhancement District is an opportunity to further our community’s conversations about the future of downtown.

Younger, more progressive City-County Council likely on the way

May 12, 2023 | Taylor Wooten

Jesse Brown, Andy Nielsen and Brienne Delaney ousted three Democratic incumbents on the City-County Council, including vice president Zach Adamson.

City looks to spend $54M to purchase Pan Am Plaza, move hotel project forward

May 12, 2023 | Mickey Shuey

Control of the Pan Am Plaza site would allow the city to move forward with its plans to redevelop the property with the 40-story Signia by Hilton hotel.

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City’s big bet on a publicly owned Signia by Hilton worries other hoteliers

May 12, 2023 | Mickey Shuey

But Mayor Joe Hogsett, a Democrat seeking a third term, says the plan will ensure Indianapolis’ hospitality industry remains nationally competitive by making room for larger events.

Mark Montieth: The 1973 ABA champion Pacers were drama kings to the end

May 12, 2023 | Mark Montieth

Ultimately, they had enough talent and experience to go all the way. But just barely.

VeeCon will bring celebrities, business leaders to NFT-ticketed summit in Indy

May 12, 2023 | Dave Lindquist

The May 18-20 event will feature more than 175 speakers and panelists, incluing actors Neil Patrick Harris, Drew Barrymore and Jessica Alba, as well as rapper Busta Rhymes and music producer Timbaland.

Council committee advances plans for city-owned $510M Pan Am Plaza hotel

May 16, 2023 | Mickey Shuey

Representatives for Indianapolis Mayor Joe Hogsett said a feasibility study is expected to be completed before a full City-County Council vote set for June 5.

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Bond Bank executive to take over as city controller

May 16, 2023 | Mickey Shuey

Sarah Riordan’s appointment was one of several staffing changes announced Monday by Indianapolis Mayor Joe Hogsett.

Bottleworks Hotel tops Yelp’s national list of best places to stay

May 17, 2023 | IBJ Staff

The only other Indiana lodging choice to make the list was ranked 27th and is operated by the same company that oversees Bottleworks Hotel.

Federal Reserve officials split over what to do next to fight inflation

May 18, 2023 | Associated Press

The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates, leaving the outlook for the Fed’s policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes.

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