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Indianapolis wants an MLS expansion team, so how does it work?

April 26, 2024 | Daniel Bradley

MLS is the highest level of men’s professional soccer in North America, with 29 teams in the United States and Canada. The league’s 30th team, which reportedly came at the cost of an $500 million franchise fee, will begin play next year in San Diego.

City reveals new taxing district map for proposed MLS stadium

April 26, 2024 | Mickey Shuey

The map specifies more than 120 non-contiguous addresses throughout downtown that would be incorporated into a new professional sports development area, or PSDA.

Hogsett’s plan to win MLS franchise faces city-level legislative hurdles

April 26, 2024 | Taylor Wooten

Following the mayor’s announcement, some Indianapolis councilors expressed apprehension about abandoning a soccer stadium already in the works. But the council’s majority Democratic leaders have not weighed in.

Hogsett says city to pursue Major League Soccer franchise

April 25, 2024 | Mickey Shuey and Taylor Wooten

The city is forgoing its relationship with the Indy Eleven to work with an undisclosed ownership group to develop a stadium at one of two potential sites.

Keystone says city is backing out of Eleven Park deal as mayor plans ‘significant’ announcement

April 25, 2024 | Mickey Shuey

City officials did not immediately respond to a request for comment about Keystone’s statement. But the Mayor’s Office announced that at 5:30 p.m., Hogsett would make a “significant announcement about the future of sports in Indianapolis.”

Groups sue to block FTC’s new rule barring noncompete agreements

April 24, 2024 | The Washington Post

The U.S. Chamber of Commerce and other business groups on Wednesday sued the Federal Trade Commission over a new rule that would make most noncompete agreements illegal, setting up a potential showdown over the scope of the agency’s authority.

Development emerges slowly at Indy’s justice campus

April 24, 2024 | Daniel Carson, The Indiana Lawyer

City and neighborhood leaders have expressed hopes that the opening of the campus would spur redevelopment in Twin Aire, but change hasn’t been fast to take root.

Hendricks closes on $85M purchase of Circle Centre Mall

April 24, 2024 | Mickey Shuey

Hendricks Commercial Properties—the developer of the Bottleworks District—plans to spend at least $600 million to convert the nearly 30-year-old mall into an open air, pedestrian-focused retail, office and residential district.

IPS plans to transfer school building to charter network in unique facilities deal

April 24, 2024 | Amelia Pak-Harvey, Chalkbeat Indiana

The school board will vote Thursday on a plan to transfer ownership of the Julian Coleman School 110 building to KIPP Indy.

Indiana GOP candidates for governor make their pitch at debate

April 24, 2024 | Associated Press

Five Republican gubernatorial candidates sought to undermine each other’s records during a final debate Tuesday night ahead of Indiana’s May 7 Primary Election, but took few shots at the absent U.S. Sen. Mike Braun.

FTC bans contracts that keep workers from jumping to rival employers

April 23, 2024 | The Washington Post

The rule is set to take effect after 120 days, but business groups vowed to challenge it in court, arguing that the FTC greatly overstepped its authority and enacted a rule that will hurt companies.

Westfield City Council approves NorthPoint II business park project

April 22, 2024 | Daniel Bradley

The proposed 180-acre business park, which has been a priority for Westfield Mayor Scott Willis, received final approval Monday night after about four years of debate and negotiations.

UPDATE: Express files for bankruptcy, announces store closures, possible sale

April 22, 2024 | Associated Press

A consortium that includes Indianapolis-based Simon Property Group has offered a non-binding letter of intent to potentially purchase the majority of its stores and operations. Four Indiana stores are slated for closure, according to bankruptcy papers.

Kroger, Albertsons—still hoping to merge—agree to sell more stores to satisfy regulators

April 22, 2024 | Associated Press

It’s unclear if the new plan will satisfy regulators. In February, the U.S. Federal Trade Commission sued to block the $24.6 billion merger between the grocery giants.

Gubernatorial candidate Eric Doden sees small towns as key to Indiana’s future

April 22, 2024 | Whitney Downard, Indiana Capital Chronicle

Some of Doden’s plans include a call for all agency heads to “re-apply” for their jobs under his administration as well as a “Teacher Investment Program,” that would freeze income taxes for teachers and more.

Jalene Hahn: Saying goodbye to Daniel Kahneman, an economics pioneer

April 19, 2024 | Jalene Hahn

Before Kahneman and his colleagues, economic theory, and the practice of finance, consisted of investigating the reliability of the Efficient Market Hypothesis and the Capital Asset Pricing Model.

Carmel to seek outside funding sources for Monon Square South project

April 18, 2024 | Daniel Bradley

Plans call for the project to cost an estimated $47 million and feature a food hall, community gathering space, office space, apartments and a public parking garage.

Six-story apartment building planned on site across from Lucas Oil Stadium

April 16, 2024 | Mickey Shuey

Indianapolis-based TWG says it has all four of the parcels comprising the site under contract, pending city approval to rezone them from the current I-2 industrial classification to a more apartment-friendly designation.

Council committee OKs $12M in TIF funds for proposed north-side apartments

April 16, 2024 | Taylor Wooten

Plans call for the project, named Allison Pointe, to be built on a 10.5-acre undeveloped parcel in a small commercial park just south of Interstate 465, north of 82nd Street and west of Allisonville Road, between Castleton and Keystone at the Crossing

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