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.
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Articles
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.
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.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.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.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.
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.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.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.Hotel TV program touts Indianapolis, helps businesses reach travelers
Indianapolis Visitors Channel, which airs on closed-circuit networks
in more than 6,400 area hotel rooms, highlights some of the city’s most popular attractions and promotes local businesses—both
through traditional advertising and sponsored features.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.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.
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.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.
Topping off planned for JW Marriott hotel
The 34-story hotel, the city’s largest, is scheduled to open in 2011.
Tight economy forces some to stay home for holiday
There’s still family, turkey and football, but one Thanksgiving tradition is taking a hit this year. Millions of Americans
are spending the holiday at home, saying the poor economy has made it unaffordable to hit the road or board a plane.Massive CEDIA Expo returning to city after 5-year break
The locally based Custom Electronic Design & Installation Association will bring its fall trade show back to Indianapolis
in 2011 and 2012—making good on a promise to return after a $275 million expansion of the Indiana Convention Center.Indiana Ice plan to build $12 million hockey facility
Ice Sports and Entertainment, the owner of the Indiana Ice hockey team, announced Wednesday afternoon that it plans to
build a complex that could contain up to four skating rinks and house the Indiana/World Skating Academy.