IMS seeks state help for $70M in upgrades
A state senator plans to introduce a bill creating an Indiana Motorsports Investment District that would capture state sales, income and corporate taxes for future investment in the Speedway.
A state senator plans to introduce a bill creating an Indiana Motorsports Investment District that would capture state sales, income and corporate taxes for future investment in the Speedway.
Indianapolis Museum of Art CEO Charles Venable plans to cut costs and use major exhibits to boost attendance—a strategy aimed at reducing the museum’s reliance on investment returns and allowing its endowment to grow back to pre-recession level.
Flock Real Estate Group plans to spend more than $1 million to renovate side-by-side Old Northside apartment buildings in the firm's largest solo project to date.
Seniors are earning their diploma while receiving a associate’s degree.
A historic brick building long used as a restaurant and hotel suites next door to Circle Centre mall is going up for sale for the first time in almost a decade, with an expected asking price of $4 million.
Health club on campus of IUPUI makes up for lost revenue by managing fitness and wellness programs for retirement communities.
Owner of real estate near 16th and Central says grocery chain showed little interest, but Kroger says it still wants property to make way for new downtown store.
The owner of a row of three 1930s apartment buildings—which Kroger claims are standing in the way of a new store at 16th Street and Central Avenue—says he tried for months to sell the buildings to the grocery chain for a total of $175,000 but never got an answer.
Penalties will help fund clean-up of East Washington Street site.
The Indianapolis Enterprise Center on the near-east side has been acquired by a local investor group led by the former owner of the troubled business incubator.
Jack A. Gochenaur, chief financial officer and treasurer of Manchester University, is a finalist in the not-for-profit category.
-Capitol Construction has completed an 850-square-foot fitness center in the Sheraton Indianapolis at City Centre, 31 W. Ohio St.
-Capitol Construction has completed a 2,525-square-foot lobby renovation at 3600 Woodview Trace.
-Capitol Construction has completed a 2,500-square-foot remodel of Lincoln Square Restaurant, 8150 Oaklandon Road.
-Capitol Construction has completed a 1,000-square-foot boardroom expansion at CNO Financial, 11825 N. Pennsylvania St., Carmel.
Guest rooms will receive new furniture and bathrooms new floor tile and granite countertops. Improvements also will be made to public and meeting spaces, in addition to food and beverage areas.
The recession affected some older Indianapolis neighborhoods differently than it did the larger metro area housing market, with areas of Marion County taking particularly hard hits.
Insight Development has begun building an $11.5 million, 61-unit apartment project at Massachusetts Avenue and East and North streets. But the fate of the second phase is up in the air because its financing had been tied to a project Insight and Flaherty & Collins Properties had hoped to develop across Mass Ave at the site of the Indianapolis Fire Department headquarters.
Built in 1928, the aging facility is about to undergo its most extensive renovation since the building began hosting basketball games shortly before the Great Depression.
Indianapolis last year sold 154 properties from its land bank for $1,000 each to a novice not-for-profit, which immediately flipped them for a total $500,000 profit. More than a dozen have changed hands multiple times since then, making investors more than $1 million. (with interactive map)
Clowes Memorial Hall at Butler University will get a $2 million makeover that will involve replacing 2,200 seats and carpeting, Butler announced Tuesday.
The U.S. economy grew at a slightly faster 2-percent annual rate from July through September, buoyed by more spending by consumers and the government. Still, growth remains historically anemic, and exports and business spending are weakening.