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City-County Council approves downtown sports taxing district, purchase of Broad Ripple Family Center

December 4, 2023 | Mickey Shuey

The council also approved tens of millions of dollars in bonds to support the redevelopment of Old City Hall, a demolition of the former Jail I building and renovation of portions of the City-County Building. Also passed Monday was a plan to create a study commission on the use of artificial intelligence.

Kroger seeks to expand store at busy intersection in Noblesville

December 7, 2023 | Daniel Bradley

The plan calls for expanding the 75,000-square-foot Kroger store by 50,000 square feet, constructing 75,000 square feet of additional retail space, and adding a Kroger fuel station and retail buildings along 146th Street.

Carmel Center Apartments complex sells for nearly $82M

December 7, 2023 | Daniel Bradley

The sale of Carmel Center Apartments from Louisville-based NTS Development Co. to Dayton, Ohio-based The Connor Group closed at a significantly higher price than what NTS paid for the property in 2015.

Is economy on track for soft landing? Jobs report might offer clues.

December 8, 2023 | Associated Press

The November jobs report from the Labor Department is expected to show that employers added a still-solid 172,500 jobs last month, according to a survey of economists by FactSet.

Inflation likely cooled again in November, but not in all areas of economy

December 12, 2023 | Associated Press

Tuesday’s inflation report from the Labor Department is expected to show that businesses kept overall prices unchanged for a second straight month. But a closely watched category called “core prices” is predicted to outpace the Federal Reserve’s 2% annual target.

Consumer inflation eased slightly last month, but some costs kept surging

December 12, 2023 | Associated Press

The latest data on consumer inflation showed that prices in some areas—services such as rents, restaurants and auto insurance—continued to rise uncomfortably fast.

Terre Haute casino set for spring opening, regulators say

December 13, 2023 | Leslie Bonilla Muñiz, Indiana Capital Chronicle

The Terre Haute Casino Resort will feature a 400,000-square-foot casino building with 56,000 square feet of gaming space that includes 1,000 slots and 50 table games, as well as a 125-room hotel.

Carmel unveils ‘Flower District’ on city’s west side

December 14, 2023 | Daniel Bradley

The triangular Flower District is bordered by Pennsylvania, Old Meridian and Main streets and extend east to Guilford Road.

Retail sales rose 0.3% in November as Americans hit gas on spending

December 14, 2023 | Associated Press

The strong retail numbers Thursday were particularly surprising given some of the news coming from major retailers themselves, who say shoppers are being more selective.

Lilly Endowment awards $146M in grants to 6 Indiana schools for development projects

December 14, 2023 | IBJ Staff

The grants range from $5.8 million to $35 million each, with Ball State University in Muncie landing the largest grant.

Federal Reserve on cusp of what some thought impossible: Defeating inflation without steep recession

December 17, 2023 | Associated Press

The economy keeps growing, defying widespread fears from a year ago that 2023 would bring a recession, a consequence of the much higher borrowing rates the Fed engineered.

Southwest Airlines reaches $140M settlement over holiday meltdown last year

December 18, 2023 | Associated Press

The airline will pay a $35 million fine as part of a $140 million settlement to resolve a federal investigation into a debacle in December 2022 when the airline canceled thousands of flights.

Westfield strikes 40-year, $300M deal for partnership to manage Grand Park Sports Campus

December 19, 2023 | Daniel Bradley

Under the partnership that includes Keystone Group and Indy Eleven, future plans for Grand Park include a mix of restaurants, hotels, public spaces, a mixed-use complex with residential, office and retail spaces, and a state-of-the-art sports facility.