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Articles

Visit Indy sets tourism records

February 5, 2020 | IBJ Staff

The city’s tourism agency brought in nearly 8 million hotel room nights in 2019 in central Indiana—an all-time record. Just more than 2 million hotel room nights were booked downtown last year. Overall, 5.32 million rooms were booked in Marion County and 7.94 million throughout the metropolitan area. Visit Indy shared the figures as part of its annual State […]

Developer plans eighth floor, 39 more rooms for downtown hotel project

February 4, 2020 | Mickey Shuey

Original plans called for a 99,000-square-foot, seven-story building with 104 Moxy rooms and 102 AC Hotel rooms. The new plan includes 126 Moxy and 119 AC rooms in a structure of just more than 113,000 square feet.

Carmel council members seek answers over hotel’s cost overruns

February 4, 2020 | Kurt Christian

A double-barrel audit may be the next step in scrutinizing why Carmel’s boutique hotel project, The Hotel Carmichael, is about $20 million over its original budget.

Carmel hotel project more than $20 million over original budget

January 31, 2020 | Kurt Christian

City officials, on Friday night, said the total price tag for the city-backed Hotel Carmichael project has risen to $58.5 million due to rising construction and labor costs.

Indy Eleven considers smaller, expandable stadium as search for site continues

January 31, 2020 | Mickey Shuey

With its chances of joining Major League Soccer in question, Indy Eleven is considering significantly cutting the number of seats with which its new stadium would debut.

Developer plans 384-unit apartment complex as part of 137-acre south-side project

January 31, 2020 | Mickey Shuey

Locally-based Sheehan Development is seeking approval to rezone land on the northwest corner of South Arlington Avenue and East County Line Road—directly east of Interstate 65—for a project with multifamily, commercial and light industrial uses.

U.S. worker compensation growth slowed a bit in 2019

January 31, 2020 | Associated Press

Americans’ pay and benefits rose at a solid pace last year, but at a slightly slower rate than in 2018, the Labor Department said Friday.

Buttigieg sharpens Biden, Sanders attacks as Iowa caucuses near

January 30, 2020 | Associated Press

It was a notably more aggressive tone from the 38-year-old former South Bend mayor, who has risen from an asterisk into contention in Iowa on a message of hope and inclusion.

buttigieg-36-450bp.jpg

Small retailers gather at east side’s W Street

January 30, 2020 | Susan Orr

The repurposed building at Washington and Post formerly housed Liberty Bell Flea Market. Also this week: New Bottleworks tenants, Circle Centre food court departures and more.

Bottleworks District project adds three more tenants, including fish-and-chips shop

January 29, 2020

The Harbour, YogaSix and Witch Hazel Salon will join a growing list of tenants for the first phase of the 12-acre, $300 million mixed-use development at 850 Massachusetts Ave., officials said.

Bottleworks overview

Fed leaves key rate unchanged at low level amid global risks

January 29, 2020 | Associated Press

The Federal Reserve sketched a mostly positive picture of the U.S. economy after its latest policy meeting. It also repeated its pledge to “monitor” the world economy, which may be held back in the coming months by China’s viral outbreak.

American Dental Association bringing 2026 convention to Indy

January 28, 2020 | Mickey Shuey

Officials for tourism bureau Visit Indy have been trying to lure the nation’s largest dental association to Indianapolis for its annual meeting since 1999.

expansion-timeline-indianaconventioncentertestedx-2col.jpg

China virus outbreak rams global tourism, costing billions

January 27, 2020 | Associated Press

Businesses around the world that have grown increasingly reliant on big-spending tourists from China are taking a heavy hit, with tens of millions of Chinese residents restricted from leaving their country as the coronavirus spreads.

Athletes warily welcome progress as USA Gymnastics evolves

January 24, 2020 | Associated Press

The Indianapolis-based sports organization believes it has taken positive steps to emerge from the rubble of the biggest sexual abuse scandal in sports history. The changes it has instituted since summer 2017 are both obvious and subtle.

Developer, town of Speedway locked in fight over stalled Wilshaw hotel project

January 17, 2020 | Mickey Shuey

Correspondence obtained by IBJ between town officials and the developer reveal a tug of war over information on the hotel’s status and a disagreement over whether the company has violated a project agreement.

Walgreens bringing new small-store concept to city’s south side

January 16, 2020 | Susan Orr

The format is key to the pharmacy chain’s plan to slash expenses. Also this week: Black Acre Brewing Co., Sauce on the Side, Versona, Tropical Smoothie Cafe.

Memory Bank: Art instruction on the Circle

January 10, 2020

Circle Hall was constructed for the Second Presbyterian Church in about 1840 on the northwest quadrant of the Circle at Market Street—the spot where the English Hotel and Opera House, a J.C. Penney and then the Anthem headquarters would later be located.

U.S. adds 145,000 jobs; unemployment holds at 3.5%

January 10, 2020 | Associated Press

A bright spot was the U-6, or underemployment rate, which fell to 6.7 percent, according to Bloomberg News. This level was lower than at any point since at least 1994.

Indy gears up for 2022 college championship game

January 9, 2020 | Mickey Shuey

A contingent of 16 local officials will be in New Orleans this weekend for the College Football Playoff National Championship, as Indianapolis ramps up preparations to host the massive event in two years.

Parking market leader Denison acquires top competitor

January 8, 2020 | IBJ Staff

Indianapolis-based market leader Denison Parking Inc. on Monday said it acquired EZ Park of Indianapolis Inc., the second largest parking operator in central Indiana.

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