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Viewpoint: City-owned hotel is bold move befitting Indianapolis

May 19, 2023 | Andy Mallon and Leonard Hoops and Patrick Talty and Al Carroll and Taylor Schaffer and Joe Hogsett and Julie Goodman

The CIB’s Andy Mallon, Visit Indy’s Leonard Hoops, Indiana Sports Corp.’s Patrick Talty, Arts Council of Indiana’s Julie Goodman, Indy Hub’s Al Carroll and Downtown Indy’s Taylor Schaffer join Mayor Joe Hogsett in

Jefferson Shreve: When no one will invest, there’s always a reason

May 19, 2023 | Jefferson Shreve

Assertions that this project is like the Hoosier Dome or Circle Centre Mall are simply false. Those were stand-alone city assets without competitors.

Big crowds expected for the summer travel season—and big prices, too

May 25, 2023 | Associated Press

For the travel industry, the big question is how long consumers can keep paying for airline tickets and accommodations while they deal with stubborn high inflation, news about layoffs and bank failures, and fear of a recession.

Conner Prairie refining plans for expansion west of White River in Carmel

May 25, 2023 | Daniel Bradley

Representatives for the outdoor living-history museum in Fishers told the Carmel Plan Commission on Tuesday night that the project will involve developing a smaller percentage of land on the west side of the river than originally planned and downsizing a proposed hotel.

Indianapolis hotels in high demand heading into race weekend

May 26, 2023 | Mickey Shuey

Hoteliers are getting a significant boost again this year from the Indianapolis 500, with most of the hotel rooms within 10 miles of the event already spoken for throughout the weekend.

Inflation measure closely tracked by Federal Reserve increased in April

May 26, 2023 | Associated Press

Friday’s report from the government showed that despite rising prices, consumers remain willing to spend.

U.S. consumer confidence declines for 4th time in 5 months

May 30, 2023 | Associated Press

Consumer confidence fell in May as Americans became more pessimistic about the labor market, on top of elevated anxiety over inflation.

Keystone holds groundbreaking ceremony for $1B Eleven Park development

May 31, 2023 | Mickey Shuey

The project is set to occupy the 20-acre Diamond Chain manufacturing site along Kentucky Avenue, just blocks from Lucas Oil Stadium, with some portions—including the stadium—set to be completed by summer 2025.

Democrat-controlled council poised to OK Pan Am Plaza hotel financing

June 2, 2023 | Taylor Wooten

Through interviews with councilors, IBJ found Democrats have the majority needed for the City-County Council to pass a Hogsett administration plan for Indianapolis to publicly finance and own a new downtown convention center hotel.

Hamilton County hopes fairgrounds expansion leads to more programming

June 2, 2023 | Daniel Bradley

A $65 million, three-phase expansion project begins this summer that will modernize the 40-acre site in Noblesville and enable it to host a wider variety of programming throughout the year.

Kim and Todd Saxton: Entrepreneurs create their opportunities

June 2, 2023 | Kim Saxton / Special to IBJ and Todd Saxton / Special to IBJ

The reality is that the entrepreneurial journey is not even a process of solo creation but rather is one of co-creation.

Editorial: Unbridled return of the Indy 500 revs region’s economic engines

June 2, 2023

The challenge now is to keep up the economic momentum to fully restore the city’s vitality downtown and elsewhere.

City-County Council approves bonds for $510M convention center hotel

June 6, 2023 | Mickey Shuey

The vote was a crucial step in advancing the development of an 814-room Signia by Hilton hotel on Pan Am Plaza. The measure allows the city to take out up to $625 million in municipal bonds for the project.

Azzip Pizza to open in new retail center at former Caribbean Cove location

June 6, 2023 | Dave Lindquist

An Indiana-based restaurant chain that picked up top honors for menu innovation at this year’s International Pizza Expo, plans to open a location near the Pyramids office complex in Indianapolis.

Portions of Monument Circle, Georgia Street to become pedestrian-only

June 7, 2023 | Taylor Wooten

Indianapolis Mayor Joe Hogsett on Wednesday announced plans for a four-month closure to vehicles in a quadrant of Monument Circle and a pedestrian-focused redevelopment of Georgia Street.

Hotel Tango Distillery closing tasting rooms in Zionsville, Fort Wayne

June 8, 2023 | Dave Lindquist

Hotel Tango Distillery’s Fort Wayne location that opened in 2020 and a Zionsville location that opened in 2021 are closing.

Editorial: Taxpayers need data, information before votes, not after them

June 9, 2023

IBJ will continue to press for the information about the Signia project and all other information we think the public has a right to know.

People spending less on hotels, flights, restaurants and more

June 12, 2023 | The Washington Post

An emerging pullback should be welcome news for the Federal Reserve, which has been taking aggressive steps for more than a year to slow the economy enough to bring down inflation.

Inflation eased further in May, but remains above normal levels

June 13, 2023 | The Washington Post

Housing costs continue to be a major driver of overall inflation. Rent rose 0.5 percent in May over the month before, only a minor improvement from a 0.6 percent increase in April. Rental costs are still up 8.7 percent over last year.

Retail sales rise 0.3%, helped by stronger sales at auto dealers

June 15, 2023 | Associated Press

Spending increased at online retailers and at restaurants and bars. Department stores, electronic stores, and furniture stores also posted increases.

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