Here’s a closer look at the economy’s vital signs at a perplexing time of high interest rates, still-punishing inflation and surprisingly strong economic gains.
The purchase of the Morrison Opera Place building puts an end to plans previous owner Bruce Bodner had to convert part of the property to apartments. An earlier plan for an 18-story addition was dashed due to the pandemic.
The announcement last fall that the Indy Fuel minor league hockey team would move to Fishers and be the anchor tenant for an 8,500-seat arena was the culmination of two decades of vision and work by the team’s founder Jim Hallett.
For years, Ersal Ozdemir has pursued a Major League Soccer expansion franchise, but each time the league has rejected his overtures, in part because the team has lacked its own venue,
If downtown’s pandemic recovery had a report card, its tourism grade would be a B. And that’s not a subjective assessment. It’s based on newly released 2022 convention and tourism data.
Many parts of downtown are thriving—particularly neighborhoods, where rents are rising, people have to stand in line for a lunch table, and investments are flowing. Other parts—especially downtown’s central core, where many workers might come to the office only once or twice a week—are limping along, pockmarked by vacant storefronts, panhandlers and crumbling sidewalks.
Nearly 29,000 residents now live downtown, up from about 15,000 in 2010. It’s a number that has been growing as developers continue to add apartment and condo units in the Mile Square and downtown neighborhoods.
Downtown law firms say they have good reasons to remain in the heart of the city—from logistical concerns to the desire for a central location to the prestige factor they associate with a downtown address.
We have begun transforming underutilized city-owned properties into mixed-use residential hubs. That added housing comes alongside other major residential projects and will be surrounded by infrastructure that improves mobility for residents with or without a car.
The developer plans to put a 20,000-seat soccer stadium for the Indy Eleven right along the White River, which is on the western edge of the former Diamond Chain manufacturing site.
ASM Global, a Los Angeles-based facility management company, has agreed to terms with Fishers officials to oversee day-to-day operations for the the venue and event-attraction efforts.
The aim is to give EV owners more freedom to travel, and it will include at least 3,500 of Tesla’s Supercharger stations—which tend to be near highways—as well as its slower Level 2 “destination chargers” at locations such as hotels and restaurants.
Founded in Covington, Kentucky, in 2018, Agave & Rye Tequila and Bourbon Hall has quickly grown to 14 locations in five states. The Indianapolis restaurant will be its second in Indiana.
The Dean and Barbara White Family Foundation has committed $50 million for the undergraduate institute at the Mitchell E. Daniels Jr. School of Business at Purdue University, the school announced Monday.
The people who do the stealing range from individuals committing small-time, spur-of-the-moment thefts to organized crews who go from state to state, hitting construction sites and then blowing town.
Cook and its neighborhood partners are taking revitalization a step further in the 38th Street and Sheridan Avenue area by collaborating on solutions to fix trouble spots in the area.
As envisioned by Stephen Alexander, the partially redeveloped area west of the White River would be known as Stockyards District. Indianapolis-based Hotel Tango Distillery is in the process of relocating and consolidating its production, warehousing, and fulfillment operations to the area.
Making a living in the industry is increasingly hard for most songwriters and musicians in the streaming era. Royalties tend to be meager, while many say concerts produce less revenue.
The initiative uses programming from the American Hotel Lodging and Education Institute to provide a foundation for participants looking to get a foothold in the hospitality industry.
