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Articles

2021 Year in Review: Entire NCAA tourney rolls into Indy area

December 30, 2021 | Mickey Shuey

Indiana took on one of the most gargantuan events in its history this year, playing host to all 68 teams and thousands of spectators for the entire NCAA men’s basketball tournament.

Two forces collide to create most unusual job market in modern American history

December 30, 2021 | The Washington Post

The economy has seldom seen such a mismatch between so much demand for workers and so few people willing to work.

Faster, ‘fun-to-do’ golf driving record numbers to the game

December 28, 2021 | Bloomberg News

More than 500 million rounds of golf were played in 2020, and the early returns from 2021 indicate that this year will be even better.

Indiana town to seek reimbursement from business after fire

December 27, 2021 | Associated Press

Officials in a small central Indiana town plan to seek reimbursement from a straw-storage business after fire crews spent weeks fighting a fire smoldering amid corncobs and straw bales.

Football title game, big events could bring tourism recovery for Indy in 2022

December 24, 2021 | Mickey Shuey

Indianapolis tourism officials say the city’s convention and events business should be almost fully recovered by the end of 2022—at least based on projections for attendance and economic impact.

Omicron pulls workers back to eye of storm, as workplace outbreaks grow

December 23, 2021 | The Washington Post

The outbreaks are a reminder of the risks that front line workers continue to face on the job, and the central role that workplaces can play in the transmission of the virus.

COVID surge leads to contingency plans for football championship game in Indy

December 22, 2021 | IBJ Staff

If a new surge of COVID-19 ends up spreading wildly through college football’s top teams, a contingency plan would allow a champion to be crowned without the championship game ever being played in Indianapolis on Jan. 10 as planned.

Lucas Oil Stadium exterior bigpic

New lawsuit could further snarl-delayed Terre Haute casino plans

December 22, 2021 | Associated Press

One of the companies that was pass over for the license, Las Vegas-based Full House Resorts, has sued the Indiana Gaming Commission, claiming it didn’t follow state law when it picked Churchill Downs to develop the casino.

Omicron casts new shadow over economy’s pandemic recovery

December 21, 2021 | Associated Press

A heightened sense of anxiety has begun to erode the willingness of some people and some businesses to carry on as usual in the face of the extraordinarily contagious omicron variant.

How pro sports leagues are handling the latest coronavirus surge

December 20, 2021 | The Washington Post

The NFL, NBA and NHL have all updated their coronavirus protocols amid an uptick in cases among players and team officials.

Peppermill Farms seeks to keep housing affordable

December 17, 2021 | Leslie Bonilla Muñiz

The affordable housing complex’s owner plans to pump $23 million into major renovations, more than double the 40-year-old property’s valued worth.

Evictions on the rise months after federal moratorium ends

December 15, 2021 | Associated Press

Eviction filings in Indianapolis were 49% below average in August but just 7% below average in the first 11 days of December, according to Eviction Lab at Princeton University.

Federal Reserve to tighten credit faster, sees three rate hikes in 2022

December 15, 2021 | Associated Press

The Fed’s policy change does carry risks. Raising borrowing costs too fast could stifle consumer and business spending. That, in turn, would weaken the economy and likely raise unemployment.

Retail sales rise modest 0.3%, but optimism still buoyed

December 15, 2021 | Associated Press

With Americans paying more across the board for necessities like food and gas, the slowdown in spending may be an indication of inflation fatigue.

$500M in READI grant funding dished out to all 17 applicants

December 14, 2021 | Emily Ketterer

Seventeen regions representing all corners of the state will each get a slice of the $500 million in state-funded regional grants, with $65 million going to regions in the Indianapolis metro area.

Did city officials properly vet deal for developmental football league event?

December 10, 2021 | Mickey Shuey

The Spring League, a developmental football association formed in 2017, racked up some $1.4 million in unpaid bills during a nine-week stay in Indianapolis last spring.

Lumina Foundation set to relocate to new building in Bottleworks

December 10, 2021 | Mickey Shuey

The foundation will occupy the top floor of the planned five-story structure at 820 Massachusetts Ave., using 23,700 square feet for about 50 of its employees.

Study: NCAA basketball tourney had $47M direct impact on local economy

December 9, 2021 | Mickey Shuey

Hospitality officials had expected an economic impact approaching $100 million for the NCAA Final Four alone, but that estimate was made before the pandemic put severe attendance limits on the tourney.

U.S. businesses advertise for near-record 11 million open jobs

December 8, 2021 | Associated Press

The figures from the Labor Department’s Job Openings and Labor Turnover survey, or JOLTS, show that with so many companies chasing relatively few unemployed people, job-seekers have the most bargaining power they have had in at least two decades.

Big Ten football title game returning to Indy for 2022

December 7, 2021 | Mickey Shuey

The conference earlier this year quietly signed a one-year extension of its deal with the Indiana Sports Corp. to host the title game at Lucas Oil Stadium at the end of next season, marking the 12th straight year the event will be held in Indianapolis.

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